Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The article is full of "mights" and "coulds". Everything is conditional in the article.
Further 1100 tons is 32,000 ounces. Extended by $2,500 (roughly the current price), that is $88 billion. -- And those 32,000 oz are not coming to market to…
OP:
If you are OK with illiquidity (which is typically the case with CDs), than an alternative might be MYGAs. As of 12/7, MYGA rates for my state (TX) were on offer from A-rated insurance companies, as high as:
2 year 5.2%
4 year: 5.2%
6 ye…
Fiat currency and constant debasement is subversive and unpatriotic. When the organs of the state --- including the central bank operate with the explicit intent of constant erosion of legal tender, that is the reason BIT exists.
If the state ope…
I have a healthy profit in FBTC, in the past 3 weeks. I trimmed positions earlier this week.
IMO, bitcoin is not an 'investment'. Its a risk-on trading vehicle. There is no way I would hold this stuff if/when the markets turn risk-off.
Other…
OP,
As I mentioned, the 1980s-90s represented a stock supercycle. The starting point for that supercycle in the very early 1980's had interest rates at record highs, equity P/Es in the single digits, with people shunning equities (so lots of pot…
OP, as of this writing, gold comprises 5.8% of my financial assets. Most of that is bullion in the form of 1oz Maple Leafs which I self-custody. A lesser portion is in the bullion ETF SGOL, in my IRA. Most of the bullion was acquired in 200…
PFE trades around $28. It first traded at that price back in 1998. I understand the purchase is being considered for divds, not growth of capital, but a stock that has not grown its price in over a quarter century is not one I would be intereste…
Dutch, I hear ya.
And the issue which you cite -- essentially paying a E/R on the whole portfolio, even though you could replicate half the portfolio on a DIY basis -- is a real issue. That issue has existed for decades in the bond fund arena. …
WABAC,
My plan penalizes rollovers for those under 59 1/2. -- The punishment is 6 months of no contribution (which means I pay more taxes this year) -- which also means 6 months without a 7% company match.
OP (Art)::
I am a hopeless agnostic on the future direction of interest rates. Given this 'malady', my bond fund of choice is BAMBX. (its classified as 'multialternative', but its essentially a bond fund 'in drag' which which can hedge against vo…
Like many posters here, I've been a victim of data breaches by ATT. And Equifax. And United Healthcare. And T-Mobile. etc.
Corporate entities should be prohibited by law from collecting Social Security numbers and DOB. Neither of these data r…
OP (Fred):
I am a soon-to-be early retiree. (Had planned to retire in Aug 2020, but COVID arrived, and my employer sent me home to work from my sofa -- so I decided to hang around a few years more, not out of financial necessity, but by choice...)…
I'm unclear how MDD management would increase outsourcing of Boeing? The MDD acquisition occured in 1997. That's 25 years ago. Strange it would take so long for these changes to manifest defects/problems.
As the acquirer, presumably,…
Blackrock (and others) have attempted to inject their politics under the umbrella of ESG inititives, to harm Texas businesses (primarily energy). Texas reciprocated. Good for them. Hopefully, TX can craft legislation restricting the influ…
OP, if you really don't know why your account is frozen, and they refuse to tell you, maybe try the following:
a. Attempt to "open or withdraw" a position.
b. When Fido blocks your attempt, go to www.consumerfinance.gov and open a complaint on …
Ted Oakley of Oxbow was recently interviewed, and when asked to address the energy sector, he cited EPD and Williams among his choices. I gathered these were not recent purchases of his, but long-held positions).
there are several gas-heavy produce…
"a centralized government that is democratically elected by its citizens"
Well, there you go again. Edmond's bunch can't live with that. They have the freedom to have any kind of government that they want... to hell with everyone else.
Joe: You se…
I think the question was meant to be "is OCSL a BDC".
Below is the company's description, from a source deemed to be reliable..
Oaktree Specialty Lending Corporation is a specialty finance company. The Company is providing customized, one-stop cr…
I think we do need to revisit the very term "liberal". Its use in the political arena a few hundred years ago was those persons who wished to "liberate" individuals from government overreach (i.e. "tyranny").
That of course is exactly the opposi…
Crash :
The Fed's money printing has been the biggest contributor to IN-equality during the past 20 years or so. --- As they have blown asset bubbles, everywhere. Who owns most of the stocks and bonds which have had asset bubbles? -- The wealth…
Anti-crypto govt crusaders often cite that crypto is used to hide drug money.
I'm sure it is. But for every drug king-pin who uses it, there are 10,000s of ordinary people who use it.
Given the awesome technical surveillance abilities of the…
I didn't watch the video. But if the argument that it has no fundamental value -- the same argument could be made of those green pieces of paper -- or even the plastic - in our wallets. -- They have value because someone else: sovereigns or Visa, s…
Marks is sharp. -- I agree that "nibbling" is in order. But not going in "whole hog".
Find it curious that in a businessinsider article date June7, he declares "we (Oaktree) are not market timers...(because).. we never sell to prepare for a m…
Some poster on YT did a more detailed summary than did I:
2:11 In my career I've said many things that didn't turn out
4:00 The last 10 or 11 years we've had $30 trillion in QE
4:35 This business is about guessing
5:11 We've only pulled off 2 or…
hank, i think you meant "DrucK"? lol.
Every time I hear Druck speak, I am impressed with the wealth of experience the man has and is willing to share...
I don't mean just share his opinions -- every shoeshine boy (or seekingalpha contributor) …
My thoughts on the topic:
-The Fed would prefer to just jawbone the capital markets to do the heavy lifting of slowing demand. (i.e. talk tough, but carry a wet noodle).
-That might have worked if Jay "Helicopter Cash" Powell had begun tightening…
Thanks for posting.
As of H1, the fund is down (2.85%). for any other bond fund, that would be a superb return on a relative basis.
But unless they can pull a rabbit out of their proverbial hat, this may be their first ever losing year.
Price gouging !! I just posted about huge increase in monthly, average, natural gas bill.
Derf
Well, you call it price-gouging. But that seems to be popular behavior with every industry these days. …
Juxtaposed against this contrarian indicator (i.e. "Bearish sentiments" = bullish price action), is a quarterly stat tracked by Fred.gov. As of Q1, corporate equities as a % of household wealth was still sitting quite high.
Between the express…
Hi Mr Edmond
You answer your own question
The ML advisor keep saying buy financial since 2009 lol
==
Its kinda like any real estate agent with a pulse, when you ask them "When is a good time to BUY a house?" Their answer is always: "Now. Now! N…
Munger may be right to not own it, (I have no strong feelings on crypto, either way) but its strange that people such as Mr. Munger, who have thrived from free market capitalism, seem OK having the govt ban the buying/selling of things by other peo…
The guy on the link is a (are you sitting down.?)... a banking-industry analyst.
He was being interviewed last week on CNBC. I caught the interview on YT.
Under what conditions does a banking analyst come out and say "time to sell all banks!" --…
