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  • Thanks @sma3, This link explains there 4 investment strategies: https://checkcapital.com/investment-programs/#quality-growth They explain their 2 bucket strategy as: For risk-adverse clients, we recommend that five years of withdrawal money initi…
  • bee said: In my world, management fees would only be allowed on positive performance (the gains), not the initial investment amount (the principal). Are you referring to the asset management fee in wealth management that brokerages offer ? Exactl…
  • @Old_Joe China's current consumption of coal ranks 12th per capitia. They are the number 1 user of coal in the world by weight, an astounding 50% share of the world coal usage. Another way of saying this, "China is half of the dirty coal problem...…
  • I try to remind myself of these fees each time I am offered a "free" steak dinner from these wealth management companies. In my world, management fees would only be allowed on positive performance (the gains), not the initial investment amount (the…
  • Not seeing this from the articles I read. China is reeling, not rising. From high unemployment rates to overbuilt and overprice real estate to government stimulus that directly keeps the party going. Here are a few reads I found revealing: China …
  • Thanks. Great interview. A few of his sentiments stuck with me: "know what you own!" "If you can't explain your investment strategy to a 10-year-old you have no business being in that investment." "I owned plenty of investments that went to zero.…
  • Oct 3rd Episode: Part 2 While the number of publicly traded companies in the U.S. is shrinking, the opposite is happening overseas. Artisan International Fund’s award-winning portfolio manager, Mark Yockey, is finding more opportunities than ever i…
  • :) strikes me as entirely excellent for a low-drama, low ulcer strategy.” I saved this chart at some point and revisited it today. Struck me as something @David_Snowball had shared: Link to image: https://app.screencast.com/OaRqGlzwseQcb?conversatio…
  • Dirty Coal is so yesterday...There's "Rare Earth Elements in 'dem 'darn 'bandoned Coal Mines and Ash heeps!" The U. S. National Coal Council (NCC) also completed a report on REEs and CMs in October 2021, entitled “Carbon Forward – Advanced Markets f…
  • Sept 27th Episode: International small- and mid-cap stocks offer much higher profitability, income, and business clout than U.S. SMIDs, yet they are underowned by American investors. Invesco’s David Nadel is on a mission to change that. My Take on O…
  • Sept 20th Episode: Overseas markets and stocks are staging a comeback after nearly 20 years of trailing their U.S. counterparts. Artisan International Fund’s award-winning Mark Yockey is finding undervalued growth stocks with plenty of room to run. …
  • Sept 13th Episode: Part 2
  • Did you have similar feelings the day a MN lawmaker, her husband and the family dog were gunned down by an assassin? Both of these incidences you referenced are unacceptable. Personally, I don't agree with Charlie's point. No death by violence is …
  • Turbo Tax Link provides a one page update of the Federal Tax Changes: turbotax/tax-reform/
  • Thanks @msf and @yogibearbull. Lots of info to digest.
  • I use yahoo finance by first creating a portfolio of funds, etfs, stock tickers at Yahoo Finance. At days end... this can be as late as 8 pm for some mutual funds... I open the portfolio, select the "basic" tab, highlight the column of tickers, cop…
  • Sept 6 Episode: Financial legend Charlie Munger praised William Green’s “Richer, Wiser, Happier” as “one of the best investment books ever written.” In it, Green distills the shared qualities of more than 40 great investors he has interviewed over t…
  • Then there is this market topping signal that works sometimes: from the linked article: Quietness in the stock market is a sign of a topping condition for prices. This phenomenon works this way because after an uptrend, people feel more confident,…
  • Thanks @yogibearbull Looking for a tax calculator that incorporates all of these changes... especially for a 65+ youngster.
  • ... But Nixon actually threw out the Breton Woods Agreement by taking the dollar off the gold standard. TY. I edit by adding "ended" My point is we will continue to judge these presidential initiatives, both past and present, into the future.
  • My first thought: congress members will have to look elsewhere to find insider trades. Every level of government can be accused of picking winners and losers with other people's money. History continues to judge the value of presidential initiativ…
  • Aug 30th Episode: Financial planning thought leader Jamie Hopkins discusses why digital asset management is one of the biggest overlooked risks in retirement and estate preparation, and the steps we can take to fix it.
  • Interesting study on how investors who forgot they had an account performed: O'Shaughnessy: "Fidelity had done a study as to which accounts had done the best at Fidelity. And what they found was..." Ritholtz: "They were dead." O'Shaughnessy: "...N…
  • Here's a dated (2018) M* write up of a USD hedged international value fund, FMIJX, that takes a different path. Anyone own it these days? compelling-just-reopened-international-stock-fund
  • We experienced premium increases of 150% here in FL. Add the fact that our yearly insurance premiums are often billed in full (full payment due day one of the coverage period). Often Insurer's collect interest as a finance option to pay premiums m…
  • Thanks @equalizer...keeping Marks going... His memo back in 1990: howard-marks-memo-1990-route-performance-review/ The Root to Performance (Audio review of the memo):
  • @Observant1 said, Costco sells Folgers Classic Roast Ground Coffee (43.5 oz.) for $19.49. Also check out 3lbs Kirkland Signature... delicious coffee... price has probably doubled in the last year Kirkland Signature
  • Barrons Round table Discussion which included Giroux...is this available without subscription? https://barrons.com/articles/stock-market-investments-to-buy-roundtable-120144d1
  • It would be educational to understand price mark up since the tariffs are assessed on the landed price, not the retail price that we all pay. In @Old_Joe 's stool example: What did Amazon pay (plus the tariff) for the stool landed? Many products…
  • Aug 22 Episode: Legendary value firm Tweedy, Browne recently launched a new ETF focused on undervalued companies with buying by corporate insiders. Managing Director John Spears explains why insider buying can be a strong indicator of future excess …
  • Gerrymandering Prisoners: In NAACP v. Merrill, plaintiffs challenged prison gerrymandering in Connecticut as a violation of one person, one vote. In Connecticut (and other states), prisoners are counted as residents of the districts where their pris…
  • Both parties gerrymander. Some other sources: Princeton: https://gerrymander.princeton.edu very interactive: https://davesredistricting.org/maps#home
  • Peter Lynch's take on where to invest: Lynch also revealed his approach of identifying excellent companies in struggling sectors. “I'm always on the lookout for great companies in lousy industries.A great industry that's growing too fast, such as co…
  • Tom Russo explains PM in his portfolio this way: Philip Morris International (PM) as one of the most remarkable examples in the author's portfolio of a company with the capacity to reinvest and transform itself. Over the past 14 years, PM has invest…
  • @hank, Do you consider PRPFX a permanent hank portfolio hedge? For example, it's LT Bonds holdings should appreciate if ST rates are cuts. It is ranked #1 in its category YTD, 1 YR, 3 YR, & 5 YR. Impressive.
  • TAIFX - wondering if VTMFX might be another good choice
  • When it comes to FoF I would consider looking at TDF, Target Date Funds. Year ago I was impressed with FoF Vanguard Star Fund, VGSTX, (0.3 ER). FWIW, It is making changes to it's underlying FoF make up: Changes to Vanguard Star’s holdings and sub-…
    in QDSNX Confusion Comment by bee August 10
  • @rforno said, That's precisely why I am NOT in my state pension plan! My entire 403b is in a vanilla quality equity-only American Fund. If you are a public school teacher I believe you are contributing to your state pension through monthly (payroll …
  • Glad my 403b is not under the influence of such people sitting on our state investment committee! You might want to look under the hood of your State Pension Plan...here's CT Teacher's Pension Plan...both Private Investment and Private Credit are pa…
  • Trump has Options: