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.
Great Interview...thanks @Ted.
Many investment quotes...here are a couple:
"Losing half your money today requires you to double your money in the future (just to get back to even.)"
"I credit my incredible success in the market to selling too so…
I'm gonna approach this value play a little differently.
Fossil fuels, as a raw material (input cost), is necessary for many outputs. From the production of fertilizers to the making of plastics and paints...think Chemical products, instead of mer…
Thanks Ted,
The chart seems to be worth posting as a point of conversation so I took the liberty of adding it below.
Dodge & Cox seems to be in an enviable position of size (slightly smaller and possibly more nimble), lower fees, and number o…
Since I am mentioned in the thread title I wanted to first thank @Mark for following up on a question I had posted to him. Here's that thread for those scoring at home (Ted may need a second glass of wine). Here's my previous question to Mark and hi…
China now has its sites set on Robotics:
To get there, China has a two-pronged strategy. President Xi Jinping’s government wants local industrial robotics makers like E-Deodar Robot Equipment Co., Anhui Efort Intelligent Equipment Co., and Siasun Ro…
Thanks @Ted,
Some additional notes I have been accumulating regarding Roth IRA's mostly from Ed Slott"s Discussion Forum here:
Discussion Forum:
Understanding Roth IRA Inheritance:
Q: If my spouse passed away and I transfer his ROTH IRA into my ow…
Also...have your kid:
- Open an interest bearing bank account - fund it weekly or monthly
- Use this personal account to explain the 8th wonder of the world - compound interest
- Help your kid run a business - by cutting lawns, shoveling snow, babys…
Thanks for the post. Through your link was this link with lots of interesting S&P 500 data:
https://advisorperspectives.com/dshort/updates/2017/04/14/s-p-500-snapshot-down-1-13-from-last-week
Thanks @Ted,
I also like BCSIX. Presently closed, but I'm outside waiting for it to reopen. Concentrated in Tech and HC.
Anyone else have a favorite concentrated small cap?
Here's a 10 yr comparison between PXSGX and BCSIX:
A good thing to know about a 529 plan owned by a grandparent:
If a 529 plan is owned by a grandparent, a noncustodial parent or anybody else other than the student or a dependent student’s custodial parent, it is not reported as an asset on the FAFS…
@Old_Joe,
Thanks for commenting.
I added a note to my 1st post and it got me thinking about you out in SF...remember the movie Duel? I think it's time for a remake of this classic with an autonomous truck.
Thanks @LewisBraham,
Just some comments on your article:
The process of digitization does not create information, it codes information. You have to first have information to code it.
Information is digitized by first using analog input devices (k…
Weirdest interview ever:
Of (writer meant "If") you talk to advisors in the field or experts in technology, experts in the field, they're talking about the latest financial planning software, or the hot new rebalancing product. They're not talking a…
@Old_Skeet said,
Over the past couple of weeks I have watched the yield on the US 10 Year move from about 2.5% to 2.25%.
Isn't this the very dynamic that causes capital appreciation in Bond Funds that you may already own? This change in rate is abou…
Are the side effects to smoking still the same? If so, maybe instead of investing in the mine one might invest in the mine supplies...Oreos, Doritos, Subway meatball subs with extra veggies, oil and vinegar.
@Old_Joe said,
Because of that, our retirement asset allocation can be much more conservative than that of someone who needs a steady and predictable income stream
My interpretation of @MikeM2 comment was just the opposite of yours.
Since you don…
Understanding deep value stocks (picking out of favor stocks and, in BB case, under par bonds) and then executing deep value management (making buy/sell decisions as well as managing the turmoil that surrounds these out of favor securities) has been…
Nice summary of highlights @MikeM. Others that caught my eye:
Markets aren’t logical, they are psychological. That is why investing is so difficult and requires a great deal of planning and discipline to execute successfully.
Don’t let fear keep …
Our fee schedule here at MFO for our clients/friends (any dollar amount, all levels):
Also,
Trip to woodshed...Free
Duplicate Post Scolding...Free
Wine, Beer, Scotch and other Hot Tips...One free round for all!
Screaming buy? Kicking and screaming...then bye-bye is more like it.
Wasn't there a time when overbooking meant that some lucky passengers were going to receive a windfall for giving up their seats?
GLFOX is tops in these categories for infrastructure (M* breaks it down as follows - Utilities=33%, Industrials=54%, Consumer Cyclical=5%, Tech=5%):
GLFOX has 26 holdings all but six outside the US. So the fund makes concentrated bets with lower …
@ Derf,
I Probably did. Good memory.
As I compared different T. Rowe Price Target Date Funds I noticed drawdown higher than I had expected. TRP Retirement Balance Fund (TRRIX) which is a conservative allocation fund doesn't even have the downside …
I believe Target Date Funds could be used in a totally different manner than they are typically advertised which usually means these funds "target a retirement date".
I propose using these funds to provide a glide path of risk that "targets income …
Black Box is great but usually slightly above my price point.
Usually under $15 at Total Wine (in MA & other states, not CT due to taxation) which has a wide footprint of stores. Also, Double Dog at TW for under $12 and Pacific Peak for under $1…
Try a box wine next time. 4 bottles in one box. No glass to discard. Bladder keeps wine fresh. Price can be very similar to two buck chuck. Would like to hear from other box wine fans and their preferred brand. I enjoy Black Box Cabs
Walmart's Mel…
@PRESSmUP,
@Mona gets credit for the calculator. Thanks as well.
What you are referring to is correct. There is a one time rollover that you can do from an IRA to a HSA. The amount is based on your HSA status (single vs family). Being single and o…
Using one of the Retirement calculators (here...ORP) regarding withdrawals, I found it interesting that in most cases the calculator spent down tax deferred assets first. This usually provided SS to be delayed until age 70.
I am personally going to…
More on Stimulus/Credit tightening as well as hikes in interest rates:
What is so disturbing is that each extra dollar of new debt now generates just $0.17 of extra GDP in the US, down from around $0.75 in the 1960s. Much of the corporate debt built…
Other Trum-pet projects (End Obama Clean Power Plan):
Observers of the energy and utility sectors are united in their belief that the Trump administration won’t slow the trends toward electrification of transport and broader reliance on renewables, …
Prior to Trump, coal (represented here by KOL) quietly gained about 150% in the last year (Since Jan 2016). Much of that gain happening prior to the election.
Austin, TX...home to many great songwriters, here's another one...Nanci Griffith.
Thanks @Crash. I caught JJW with Emmylou Harris in the Berkshires in the 80's (Music Mountain).
Texas songwriters=musical poets.
Invesco Multi-Asset Income = PIYFX (M* classify it as Multi-Sector Bond fund).
Holds:
40% Equity, mostly in Real Estate.
33% Bonds (short 1/3),
21% "other"
9% cash.
Almost a 5% yield.
