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.
Its just hard to find an active manager for equities who can CONSISTENTLY deliver a better risk-adjusted return than the market. A real value of any active manager "should" be a)managing portfolio risk, and b)outperforming their benchmark durin…
I'm just using short-laddered T-bills purchased at Fidelity.
As I type this, T-bill rates for 3M/6M/1-yr are: 1.5% / 2.4% / 2.8%.
I fired the middle-man (MM funds) and just went straight to the source.
Coincident to this thread, in the 6/13 WSJ is an article titled: "How the Fed and the Biden Administration got Inflation Wrong" (its behind a pay/subscription wall).
Fair-use excerpts: (paraphrased)
-Yellen urged Biden to spend, to avoid the "aus…
Tar, no problem -- You are fine with the predicament we are in. We can agree to disagree. Enjoy filling up the gas tank, and giving Putin more leverage, not by anyone's intent, but definitely by effect, by burnishing ESG credentials. Since oil …
So tell me, geniuses, how was the Fed and other policy makers supposed to:
- Anticipate the Russian invasion of Ukraine and its effects on gas prices?
- Prevent supply chain disruptions, which were caused by the pandemic and corporations faulty deci…
The captain obvious explanations are not needed for me. I know them. I have heard them. I view them as more lies told by the regulators/politicians.
Between Jan 2010 - May 2022, the price level has increased 35%. Since Jan 2000, a 73% increa…
So the team in place to manage the economy -- Paulsen at the Fed, Yellen at Treasury --- failed so miserably at managing to 2%, they want to "grade on a curve" --moving the Pass/fail mark to 4%...?
The team needs to go. They are failures. They…
Checking out TIPs (and bonds) performance for the past 10 years -- which coincidentally is where Portfolio Vizualizer shows to be FIPDX's commencement, annual CAGRs for TIP, VIPIX & FIPDX clock in at 1.83%-1.94%. The CAGR of the general bo…
With the preface, that I am a novice at TIPs, having thought them overpriced for so many years. --- so please pardon the following questions... I am dipping my toe in them now (via ETFs), since the general sell-off in bonds.
1.What is the ratio…
The marketwatch article cites buying in 3 stocks. HD, MS & COIN. Of those 3, HD would be the only one which might be of interest, given its defensive nature. -- But the insider buys I see on it are not that big, not what I would call "convic…
Munis are an interesting market.
Using VWITX as a benchmark, NAV is down 10.5% from H2 2021. Yield is 2.25% (per Marketwatch) and NAV is lower than at any time in the past decade. -- a few pennies below the covid crash.
Another benchmark, MUB is…
Surprised BlackRock was pimping Russia, given they claim moral authority for ESG. I guess they can only smell AUM.
One could make the comment re BLK's exposure to PRC. BLK is a big proponent of ESG -- except when it involves themselves.
I just do not see the merit here. if a fundholder didn't read the prospectus, its on them. if they read the prospectus and decided to invest anyway, its on them.
Do you read every page in the prospectuses for your funds? Do you read the terms of ser…
Vanguard being a mutual company is owned by fundholders, not shareholders. So were a judgment awarded fundholders, somehow will pay. So thi
Their statutory prospectii are very clear. Distributions may be made, and unless the shares are held in…
Deutsche bank (DB) was down ~11%. Today 3/4/22.
Hard to know if this is a kneejerk overreaction or if there is the possibility of contagion among the European banks vis-a-vis any exposure to Russian banks...
At some point in the future, all the sovereigns will de-leverage very easily, likely in a coordinated timeframe. The deleveraging event will go something like this:
The then POTUS will direct the DOT to issue several $1 trillion coins. The DOT w…
Vanguard often has too many subadvisors for its active funds.
I prefer only one or two subadvisors on a fund.
I don't like it when there are "too many cooks in the kitchen."
--
Well, sure, but I suspect that for those funds which have outside advise…
Yeah, the real-estate fund (CPREX) recommended is a joke, IMO. From its fact-sheet:
"The fund is newly organized with a limited history of operations... 71% of assets in the NE US. the fund is 'inherently illiquid'. there is no guarantee rep…
I own the institutional class (COTZX). Frankly, its the only fund I am thinking about adding to prior to year-end.
It all comes down to one's view of the market though. If one is eager to embrace risk of one's capital in pursuit of another 20% up…
KHaw -- with Tad Rivelle leaving 12/2022, I'd be looking to leave too.
Baird and D&C are both very good funds. WRT funds at Fido, here are a couple core/core+ funds you may wish to consider/evaluate as to suitability:
GIBLX. These guys te…
Well, yes. That is because different sectors exhibit different levels of volatility. The objective of a min-vol product is...(gasp) reduced volatility, not "maximum total return" (which often exhibits higher than average volatility). It therefore …
Mona, you are free to post what you want. But the link is an opinion piece by a pundit, apparently with hurt feelings talking to himself. Opinions are like "cornholes" -- everybody has one.
President Trump may have grown a short-fuse. You or I pro…
The subject is about money manager exhibiting traits of "domination" in attempting to alter behavior, rather than demanding profit.
Essentially, we are talking about gender/racial quota systems. Not legislated by public-legislators, but by trying…
The tenor of this piece is EXACTLY AT ODDS with an earlier post about Vanguard attempting to choosing favored genders/races to sit on corporate boards.
This is really none of Vanguard's business.
Favoring/advocating for certain groups, has the natural effect of harming other groups.
Will Vanguard be pushing for diversity on the boards of Chinese corporations it invests in?
Davfor, that is an astute observation on the part of Mr. Lee.
While I no longer watch CNBC (I cut the cord), when I did have it, I was always impressed by Mr. Lee's insight. Unlike a lot of "experts" who are (usually) perma-bulls, Mr. Lee was us…
davfor, THAT link is pretty phenomenal.
Thx
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post-scriptum : I just noticed, the FRED chart.. it doesn't appear to be current. It stops in January. Why would that be, I wonder?
Junkster: DITTO!
John, perhaps you do not recall, or were in a cave during the 2016 election cycle? Hillary carried a substantial lead throughout accordingly to "the polls". EVERY poll. Trump was expected to give his concession speech early on …
If you want defensive equities, my first thought would run to the "min-vol" ETFs, among them:
USMV - U.S. equity
EFAV - Europe/Japan (i.e. EAFE)
EEMV - Emerging markets
I believe they "do their job" in tamping down volatility vs. their respective…
To me, it looks like one more reason why supply-chains should be moving out of China...
Can't we agree that if a country makes it harder to do business within its borders, it would expect to lose business to other countries who make it easier to co…
davfor, thanks for posting. I formerly held some FPACX, and read with eager anticipation Mr. Romick's twice-annual thoughts. Later, sold out of FPACX, and had forgotten about his missives.
Re the chart link, I do visit Fred.gov from time to tim…
Mark, I own a substantial amount of prfds, and have traded them for years -- depending on market conditions. I have begun lightening up, this week. I don't keep a log of these to provide to strangers on the internet. Nor do I have a Bloomberg m…
Mark: I am not your "google valet". If you don't like the statement feel free to do your own research, or disregard it and load up the boat on overpriced preferreds! good luck.
@Edmond - you said "All (most) preferred's held in those vehicles are…
I hope there is a correction. A big one. Seasonally, September is often a weak month for equities.
I jumped in a 'tad' on the down 800-point day last Friday -- because I figured there would be follow-through down days, and did not want to go "all…
