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.
Hi Puddnhead:
I am not looking for income via an investment in MLPs. I believe they are somewhat undervalued and will also have the wind at their backs in 2017 with The Big Orange in the White House.
Sandra Wisdom:
Q: "Also, what you don't read about is how less expensive gas is putting more money into people's pockets. Why not?"
A: Because it is not going into their pockets. It is being used to pay off credit card debt.
In the 21st century Artisan Funds has assumed the unenviable mantle of Royce Funds:
1. Too many funds, most of which are unnecessary.
2. Too expensive - expense ratios consistently above their category averages.
3. Too unfocused - performance of fu…
Nothing to see here, kids.
WSCVX has had mediocre performance for the past four years and their current portfolio is a collection of value traps, waiting for the turnaround that never comes. A heavy weighting in financials and industrials doesn'…
vkt:
I will simplify what you have written a bit. Selecting the preferred presidential candidate from amongst the Republican and Democratic nominating races is as easy as "ABC":
ABC = Anyone But Cruz
All of the candidates in both parties certain…
Junkster:
"This last bull was not typical and ran for a lot longer than 44 months and hence this bear will last longer and run further than 14 months."
And there's the rub.
Here is a link to a 10-year chart of the S&P 500:
http://finance.yah…
If you are making a case for The Great Depression (1929 to 1939) Part Deux, I disagree. I see this as "just another bear market" - one that will (typically) last between 18 to 24 months, one that began in May/June 2015 in which we are now about 9 m…
Dan Fuss has a nasty habit of repeating the same mistakes, i.e., reaching too hard and too far out for yield and making his bond fund as volatile as an equity fund. A Dan Fuss-led bond fund should NOT be a core position in anyone's bond portfolio.
The talking heads, economists, CNBC, etc., are greatly underestimating the financial crisis occurring amongst the major European banks, e.g., Deutsche Bank, Credit Suisse, UBS, etc., and their balance sheets are a mess. Several of these banks are (…
Pull up a 10-year chart of the Nasdaq biotech index IBB and it will become apparent. The IBB gained 670% from the bear market bottom on 3/9/2009 to its peak in July 2015.
Although it has lost nearly 40% of its value in the last six months alone i…
This is certainly true of musical scholarship. The number of gifted students majoring in musical performance is astonishing and, unfortunately, the number far exceeds the number of positions (teaching positions, orchestras, bands, etc.) that can em…
Hi catch22:
My concern and thought in this regard is straightforward. I believe this is a stealth indicator of negative investor sentiment, i.e., investors are pulling their money out of mutual funds and reducing their exposure to the market, in b…
Mark:
"I can never bring myself to be 100% in or out of the market."
Perfectly understandable and certainly not for everyone.
My only risk by doing so is "opportunity cost", I.e., money lost if I am wrong and this is merely another correction in …
Reply to Mark:
By posting that I believe the buying opportunity lies ahead I mean much later this year (Q4) or in early (Q1) 2017. I believe we have been in a bear market (and forget about the -20% definition of a bear market - it is convenient bu…
No change - 100% cash, as I have been since 12/31/2015 (excepting one MF sold on 1/4/2016 because of tax considerations).
I think the real buying opportunity lies ahead, much later this year or in early (Q1) 2017.
LewisBraham:
I respectfully disagree with the idea of holding onto a losing position in an individual stock because I am a "value investor" and I am holding it "for the long term". When an individual stock position goes against you it is paramount…
I assume you are referring to owning an individual stock. If so:
If the stock nosedives because it has missed earnings, releases an adverse or unfavorable press release and/or something in your investment thesis has changed, I sell it ASAP. If th…
Hi Puddnhead!
LandShark? I admire your taste in carbonated beverages :-)
Brilliant call? Not until I decide when to re-enter the market and "there is the rub". Is this a garden variety 10% to 12% correction, an unusually steep correction (20% o…
Sven:
Warren Buffett is heavily invested in stocks such as American Express (AXP) and IBM and has been for a long time, not exactly a template for success in the market. I am not certain I would watch what he is buying and selling. He makes his f…
MikeM:
Bear markets ALWAYS begin well before it is recognized that we are in a recession. In fact, by the time it is officially classified as a recession we are usually at the tail end of a bear market. If one waits for the experts, economists an…
"Dollar-Cost Averaging Good In A Falling Market".
That depends on whether you think this is an ordinary correction in a secular and continuing bull market or the beginning of the next bear market. Dollar-cost averaging is NOT good in the early and…
Old_Skeet:
"For the long term investor the time to build cash was sometime ago....".
I disagree.
If we are in a bear market, and I believe we have been in one for the past six months and it is now accelerating to the downside, we have quite a w…
Brazil: A politically corrupt country with an economy heavily reliant upon natural resources.
Russia: Vladimir Putin and an economy heavily reliant upon natural resources.
China: An economy managed by a clueless Communist dictatorship in the mid…
AndyJ:
I don't think we'll get there (August lows) this time around - probably later this year and then some. Market is in extreme oversold levels and I would bet on a 1 to 3 day bounce beginning on Tuesday, January 12. This is a trading bounce, …
If you can tell me how having a meal at Chipotle is significantly better than Jack-In-The-Box's Mexican restaurant Qdoba (Hint: it is not) and why it deserves a premium valuation in the fast casual restaurant space, I will then tell you when CMG wi…
Ian Bremmer and Mohammed El-Erian are similar in one important respect - they sound extremely knowledgeable and they NEVER say anything actionable or useful for the individual investor. These two are walking definitions of "talking heads".
You are going to go from all cash to 100% equities (I consider the preferred stock ETF fund to be equity-like in its behavior) after a seven-year bull market that has taken the S&P 500 from 666 to 2011 (as I type this) ??
Uh, no. Try again.
