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.
Quotable quotes:
Optimism is a rational form of ignorance.
and,
Carl Richards got this right, and it’s a humbling but accurate view of the world: “Risk is what’s left over when you think you’ve thought of everything.”
Good day to see which of your holdings are well positioned for a downturn. Obviously Index funds will move with the market, but managed funds will have an opportunity to show how will they manage market risk.
Drilling down into the S&P 500 sectors for recession proof industries (showing little draw down on profit margins during the last two recessions):
- Tobacco (Consumer Staples)
- Household Products (Consumer Staples)
- Healthcare Equipment (Healt…
Let's get some ticker symbols in this article ( I hope I have these correct):
Fidelity Extended Market Index = FSEMX or FSEVX
Harbor Bond = HABDX
Artisan Global Value = ARTGX
I could be wrong, but I believe Uncle Sam requires RMDs in order to collect on the deferred taxes. You don't have to spend your RMDs but you do have to pay the taxes.
59.5 & 70.5...what's up with these ".5''s?
"What I'd really like to at least …
Another topic that helps explain averages is the proposed repeal of the SALT tax deduction.
This is being proposed by democrats and its repeal would benefit the top 20% who pay taxes (a repeal of SALT would benefit 96% of these high earners) .
H…
@Soupkitchen,
I own PONAX. My brokerage features allows me to see the "unrealized gain/losses". See if you have this feature. When I select this feature for PONAX I see:
And so, yes these are losses that could be realized by selling shares. The tr…
Jojo, when I look at my brokerage account, it show that I am down 3.5%. I'm looking at that, as well as at M*.
Often times brokerage accounts do not take into account the total return value of your investments (they neglect to factor in things like…
Related article:
farm-to-cradle-nestle-experiments-with-tracking-gerber-baby-food-on-the-blockchain
IBM and a system called Foodtrust are mentioned this article:
Welcome to IBM Food Trust™, the collaborative network of growers, processors, wholesal…
Here's a nod for equal weight Health care ETFs:
If one is so inclined, a superior way to make a long-term bet on health care stocks would be to equal-weight the portfolio. Since the start of 1990, the S&P 500 equal-weighted health care sector (…
If you know a nurse Ric wants to thank them with this free financial planning service (his firm charges $800 for this plan):
https://edelmanfinancial.com/promotions/nurses
Thanks @Old_Skeet,
I found this chart an interesting commentary on present valuations with only US Large Cap companies being overvalued (YTD vs historical returns) while all others being under valued (YTD vs historical returns).
Thanks @Old_Skeet...
In the world we live in, few look at risk. Most only look at reward. The few who do look at risk (the educated, the Street savvy, etc.) make their money at the expense of the great unwashed majority who swallow the noise nonsens…
Interest rates also rise when there is no longer a willing buyer for a corporate debt (that is owned by a corporation who is trying to sell it) or the debt is sold at a discount to par if the debt is defaulted on. Also, as treasury rates rise the sp…
Well, most of them I daresay do not include
I have read a fiery gospel writ in burnished rows of steel:
"As ye deal with my contemners, so with you my grace shall deal";
Let the Hero, born of woman, crush the serpent with his heel,
Since God is ma…
@Old_Skeet, Thanks for sharing your most recent portfolio. I am always struck by your organization of sleeves. Again, an allocation question for you.
Within your individual sleeves do you adjust allocation within the sleeve...say AOFAX has out per…
@DavidV and @Old_Skeet actually impressive 3 year returns. Do you have a strategy to reallocate your out sized gains? This fund (I charted AOFIX) has out performed both mid-cap and small-cap growth indexes since it's most recent bottom starting aro…
@Ted...obviously you didn't watch the video. All of these issues are discussed in detail. The main point is that a reverse mortgage is a financial tool that might help retirees avoid sequence of return risk. This strategy increases final Inheritance…
One way to address bear market risk is to first study the history of bear markets:
Here's a graphic:
source Image:
History of U.S. Bear & Bull Markets
Here's the narrative:
historic-bear-markets/
There are two term known as "Max Draw Down" a…
PRWCX Covered call strategy:
PRWCX has employed a covered call overwriting strategy consistently since 2008. This involves buying an equity security and writing a call option that becomes exercisable at a higher price in return for an upfront premiu…
An explanation of how Turkey got over cooked:
From Cullen Roche:
...here’s a totally inadequate summary of what’s happening:
-Turkey wanted to spark growth and liberalized bank lending rules.
-Banks and local businesses borrowed a lot of fo…
@larryB...go easy...
Charles W. Kingsfield Jr.: Mr. Hart, here is a dime. Take it, call your mother, and tell her there is serious doubt about you ever becoming a lawyer.
James T. Hart: [pause, as he is leaving the room] You... are a son of a bit…
@Ted makes a very good point. Brokerage houses do not choose cash positions for their investors. Usually these cash positions are held in non-interest bearing products. Also, when an investor sells out of a position, the settlement position often is…
This often is the life of an allocation fund...remember PRWCX is not an all equity fund. It's 68% allocation to equities is on the low side for this fund IMHO. Cash is 4.5% and "other" is over 5%. Anyone have a clue what "other" might be?
Hang in …
Thanks @Old_Skeet for these reads, especially Jeff Saut's weekly review. Here another weekly that I try and read most Mondays:
Weighing The Week Ahead
weighing-the-week-ahead-a-message-from-jackson-hole
@BrianW, the Wilshire 5000 Index has 3500 companies...because there are only 3500 "public" companies. Consuelo Mack weekend guest, Joel Greenbatt, mentioned that it cost $2-3 million a year to meet regulatory paperwork to be a "public" company and s…
