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.
What are the causes of Inflation?
There are two main causes of inflation: Demand-pull and cost-push. Both are responsible for a general rise in prices in an economy. But they work differently. Demand-pull conditions occur when demand from consumers…
My apologize, but are you trying to create a catastrophe or avoid one with FSRRX?
Here are FSRRX stats (source Portfolio Visualizer):
FSRRX has had no clear advantage over a conservatively allocated fund similar to VWINX.
It's almost 32% draw d…
@LewisBraham
Your last entry reminds me of Ray Dalio's presentation on "How the Economic Machine Works". I recall one quote form his presentation that goes something like:
"One man's debt (liability) is another man's income (asset)"
Debt creates …
Here's the concept of "Exporting" US Inflation:
Exporting Inflation to China:
You might not think that China would want to help the U.S. export its inflation but that is exactly what is happening. Why? China has been the largest exporter of goods i…
Another look:
Inflation
The purchasing power of nominal wealth is inversely related to the price level. That is, a higher price level means one’s money buys fewer goods and services. Inflation refers to the rate of change in the price level over ti…
Comparing Portfolios such as the Golden Butterfly to others, especially during the SWR (Safe Withdrawal Rate) period of life:
(note: this is discussed as if you were a UK investor)
drawdown-strategy
Sept 25th Episode:
Risk and opportunity go hand in hand. Risk is more important than opportunity because you can often manage risk while opportunity merely presents itself to be considered.
Thought this read fit this thread:
Learn how we use a defensive investment approach to limit losses and volatility in your portfolio. From Fideilty.
investing-ideas/defensive-portfolio-investing
T Rowe Price:
news-release-details/t-rowe-price-receives-approval-active-exchange-traded-funds
Own it all with TROW...though it is right now 6.12 price to book.
https://morningstar.com/stocks/xnas/trow/quote
VWINX has done well since the 1970's because rates have fallen.
I often include VWINX
Rate climbed throughout they late 70’s…early 80’s…
I would add PRPFX to the conversation.
The King of Buy & Hold
John Templeton once said, "History shows that time, not timing, is the key to investment success. Therefore, the best time to buy stocks is when you have money"
...few people invest in such a way as to g…
Investors are “asking for significant returns, and what we are seeing, perhaps because of the cultural fit between the U.K. and the U.S., is a lot of the P.E. money from the U.S. is finding homes in the U.K.,”
business/private-equity-uk
Anyone hav…
Lots of talk, a grand total of one stock as the "one investment," and never a word about mutual funds that own "quality."
That's interesting. The show took me to funds that have a large position in BRK.A or BRK.B. For example FCNTX owns both share …
Starting to read The Intelligent Investor for the first time.
- Interest rates will be a head wind for both stocks and bonds (especially LT bonds)...when interest rates rise.
- Graham Consistently recommends a 50/50 portfolio. High grade bonds and …
August 23 Episode:
The Intelligent Investor:
I read the first edition of this book early in 1950, when I was nine-teen. I thought then that it was by far the best book about investing ever written. I still think it is.
To invest successfully …
Liz Ann Sonders Chimes in on:
Why people are getting the inflation debate wrong: Charles Schwab's Liz Ann Sonders
why-people-are-getting-the-inflation-debate-wrong-liz-ann-sonders
Video Interview
Recent Comment:
SEC Chairman Gary Gensler issued his most direct warning yet about investing in Chinese companies, reiterating a call for more disclosures of risks. "When American investors think we're investing in a Chinese company, it's much more …
50 years ago, on August 15, 1971, President Richard Nixon shocked the financial world by ending the convertibility of the dollar to gold, upending the monetary and currency exchange system that had been in place since 1944. This week Nick Sargen, au…
Mentioned: ClearBridge Aggressive Growth A (SHRAX) , T. Rowe Price Real Estate (TRREX) , Hennessy Focus Investor (HFCSX) , Neuberger Berman Multi-Cap Opp A (NMUAX)
ARKathy Wood Chimes in:
“Well, I would say in any of the areas we are looking right now the multiples structure, the valuation structure of those companies is down and probably not going to come back quickly and may even go down more.” But she later…
Not part of the infrastructure vote:
Democrats did not include an increase in the federal debt limit, which will have to be passed soon after Congress returns to work next month, along with a stop-gap spending bill to keep the government open after …
