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.
Looks like by May 30th we were almost back to seasonal baseline...slight excess cases (which includes pneumonia, influenza and Covid-19).
CDC Dashboard for up to date data (you can make selections):
https://cdc.gov/nchs/nvss/vsrr/covid19/excess_d…
@zenbrew,
When using the PV website I like to open the "Benchmark" pull down option. Specify Ticker symbol and put in an extra mutual fund / ETF choice. This give you a fourth comparison when you run your historical query. Remember this is historica…
Playing with your choices.
If you create a (70/30) with VEDTX / PRWCX your results are almost identical to VEDTX / VTSMX (70/30)...actually slightly better results.
I noticed you can only get results back to 2008.
Using WHOSX as a replacement f…
@davidsnowball said:
A remarkable number of folks have asserted their “right” to undertake behaviors that threaten the health, livelihood, and (potentially) lives of others. There seems relatively little recollection that every assertion of “right” …
Thank for your comments @Junkster.
I was hoping THOPX would offer some safety in short term bondland. Its10% fall in March and subsequent lag these last few months have me thinking I may be the one drinking from the bowel with this fund? 70% of th…
Interesting Facts:
According to CDC data, 81% of deaths from COVID-19 in the United States are people over 65 years old, most with preexisting conditions. If you add in 55-64-year-olds that number jumps to 93%. For those below age 55, preexisting co…
The following episodes are all with David Rosenberg.
June 12th Episode:
June 19th Episode:
June 26th Episode:
From where I sit, there are things I do like even if I’m not a buyer of the Dow, S&P 500 or Nasdaq outright. I still like gro…
Not sure of the newness of this news, but:
The IRS was busy yesterday updating its economic impact payment information center with new answers to frequently asked questions. The new guidance clarified that incarcerated individuals do not qualify for…
With respect to the reverse mortgages, the line of credit actually grows over time regardless of the home's value. This seems quite different than the dynamics of a HELOC. Am I missing something?
Here is a more detailed explanation of the growth of…
@msf,
Thanks for the fix and the thorough evaluation of reverse mortgages.
You stated:
ISTM that if you're looking at this for use as a cash buffer - a line of credit for a temporary loan that you might never call upon - a HELOC with lower up front…
@Rbrt, A reverse mortgage is on my "things to do list" for my 62 birthday (earliest age). Instead of using it as a tenure payment I plan on letting the equity glide path value grow. Establishing an HECM is great way to hedge inflation risk and seque…
I'll add these RIGs:
Part-time work
Rental property
Sell your Crap (your wife will love you)
Spend time simplifying your bills (this is a Income enhancer through lower bills)
Remind your Kids to get a Job...and their own apartment!
A relatable article:
without intervention by the Federal Reserve, the United States in the coronavirus era would be looking at a Depression-level contraction.
Assuming the Fed bazooka keeps firing, however, a large portion of the investor class is …
A reader comments on corporate buybacks:
Lets be very clear - they were buying their shares at all-time highs in an effort to artificially support those ridiculously high prices and attempt to push them even higher. That benefits management compensa…
Quote from the article:
A primary function of the stock market is supposed to be the allocation of capital to help companies grow. Yet fewer and fewer companies seem to want the market’s help. In 1997, there were roughly 7,500 publicly traded compan…
@WABAC said,
I have also seen activity attributed to sports bettors with no place to go.
Another reference:
Robinhood added more than three million funded accounts in the first four months of 2020, and half of customers who opened accounts this yea…
Other EV News:
Move over, Tesla Inc., another environmentally friendly vehicle maker is stealing your sunshine. Shares of Nikola Corp. leapt as much as 71% to a record in its third day of trading on the Nasdaq after a reverse merger with VectoIQ Acq…
Thought this might fits your thread @Junkster...thanks for your posting:
https://thechartreport.com/5-things-about-marty-zweig/
(Zweig’s interview begins at about 6½ minutes into the clip below and has to be one of the most timely market calls in …
To me, this is one of the main reasons managed allocation funds like PRWCX interest me. Index funds ride the market up, but also ride the market DOWN...always fully invested. At best, Balance index funds can rebalance, but rarely are they opportunis…
I just starting to read this article and thought it fit this thread:
...had it not been for the spectacular intervention carried out by the US Federal Reserve, the Bank of England and the European Central Bank, we would now be facing not only the ra…
The other piece of the retirement puzzle...Social Security:
The Social Security Administration states that its retirement benefits are designed to replace only about 40% of the average worker's wages.
https://ssa.gov/planners/retire/
and,
https://ss…
Keep your eye on Blackrock:
The Federal Reserve began its historic purchases of corporate bonds exchange-traded funds, almost half of the Fed’s purchases went into BlackRock funds, according to ETFGI, an ETF research and consulting firm.
The five l…
@rforno...interesting interview from 1994 with the editor of this magazine you posted. We blame Trump for a lot of this, but America's frustration with government comes from a long history of inequality and poor management.
CSPAN Interview:
reinven…
@MikeM
...you can put together a portfolio of decent companies trading at about one times book value and seven times trailing earnings, with a trailing dividend yield of over 6%. That’s pricing in a really bad outcome, which is comforting. If you th…
A T. Rowe Price Read:
An Overview of Market Resilience
On average, each of the 11 recessions since the end of World War II has lasted almost 22 months, and market recovery times have ranged from two months to a little over five-and-a-half years
Char…
Bad healthcare can be more dangerous than the virus. Very sad.
Years of neglect have hobbled many Mexican hospitals. Now, as the pandemic strikes, some patients are dying from neglect or from mistakes that are easily prevented, doctors and nurses sa…
Costco Citi Visa card offers 2% on Costco purchases...4% on gas... 3% on restaurants and travel costs...1% on other purchases. That card is also my Business Executive Costco membership card which charges $120, allows two cardholders and also returns…
