Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

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.

    Support MFO

  • Donate through PayPal

rforno

About

Users name
rforno
Joined
Visits
18,347
Last Active
Roles
Member

Comments

  • Clarification: You can buy oil futures (or any commodity, as I have done in the past), just be sure to close your position as appropriate so you don't accept delivery! Not sure about anyone else, but I don't have the parking available for a bunch o…
    in OIL Comment by rforno March 15
  • Many of these semi-transparent ETFs from TRP or Capital are based broadly on and/or will try replicating the models/holdings of their 'equivalent' mutual funds but won't necessarily contain the same holdings, too. (For example TRP's Growth ETF mig…
    in TRP CEFs Comment by rforno March 15
  • It may be hard to beat American Funds with 19 or more classes. http://financials.morningstar.com/fund/purchase-info.html?t=BALFX&region=usa&culture=en-US Agreed. I like (and hold several) AFs but having 19 share classes is beyond insane.
  • He's offered some decent prognostication commentaries regarding markets and investing over the years but I would bever trade or make specific investment decisions from his show, which he even admits is entertainment first.
    in Jimmy Boy Comment by rforno February 5
  • Yes but think of how much they've gone UP over the past many years..... But sadly mass-market psychology (and/or lack of experience) doesn't always understand that context.
  • Mr. Giroux’s 2nd largest holding, Amazon (AMZN), is down 7% today. (Maybe in sympathy with Facebook?) Lipper lists AMZN as 5.5% of his portfolio. “Too smart by half” is an old saying that might apply. :) AMZN is up 15% in the aftermarket following…
  • I have to admit I'm slightly envious of long-term PRWCX investors. If anyone is disappointed with the fund's recent performance and is interested in liquidating their position, perhaps we can strike a deal? ;-) Hahahaha! Love this! Please add…
  • It’s Nuts. The short sellers have been blasting it for months. As I think I mentioned recently “a little bit of this one goes a long way.” (And “ouch” on the down days. :)) ARKK only up 3-4% today. At the risk of going too far off-topic, speaking …
  • DKNG (which I bought a week ago) +17% this morning. Who said stocks are volatile? Will probably close down by end of day. The only financial advice you can bank on 100% of the time to be totally accurate is: "markets will fluctuate, sometimes wild…
  • Futures GREEN. 7:00 AM CST A step in the right direction The former trader in me sees big green before the open and thinks "dead cat" and "sell anything you wanted to yesterday while you can" ... old habits die hard. :)
  • I would wager: market over-valued; political & geopolitical concerns; lingering supply chain woes w/ Omnicron, rotation out of growth, Bitcoin nervousness. Quant trading alogorithms. Maybe, just maybe, folks are also worried about having CO…
  • We are inundated here in SE MI by TV ads for several online sports books. All of them appear to offer “risk free” wagers to the newcomer. The fine print at the end of the ad gives a phone number for those who have a problem with gambling. FWIW sayin…
  • Via SeekingAlpha just now.. Cathie Wood believes that if a market bubble is growing, it is being created within value stocks and not growth names. "In our view, the real bubble could be building in such so-called "value" stocks with much higher val…
  • I feel the same about MGGIX, which is taking a bath these days. While I didn't think of it at the time when I bought into it, it definitely acts and is built more like a global tech fund than a general global 'stock' fund ... which seeing its recent…
  • Question - Who currently owns ARKK and how are you managing your position in the near-term? Buying on dips, sold all shares? Is Cathie strictly a momentum player? There is much written about the analyst/research team and their lack of experience... …
  • MGGPX/MGGIX will likely show a massive bloodbath today, based on the M* reporting of its holdings' prices as of 1045ET. Many large-percentage drops at the moment. I wonder if it's too early to pre-emptively harvest some losses for my 2022 taxe…
  • I "think" what BenWP is trying to say, I wish they had closed the funds !!! Voting for a good week, Derf MGGPX soft-closed in Dec '20, actually.
  • Part of that cargo, DKNG, is currently flirting with $25, having been around $75 earlier in the year. Suspect it will close below $25. If I were Wood I’d consider tossing that one overboard. I'm sure she will double-down and buy more, because, as…
  • It's very easy to make predictions. It's extremely difficult to make ACCURATE and TIMELY predictions, especially for the near-term.[1] ... but unfortunately, the financal infotainment media/punditocracy have very short memories and just need pe…
  • I'm reminded of Rob Arnott's continued holding a 20%+ short S&P position in PAUIX for nearly a decade after the GFC of '08 because of his dogmatic adherence to his 'strategy'. Performance lagged .... significantly. Investing should not be dog…
  • Thx YBB. I figured if anyone did, you'd probably have an answer ... though i was hoping for a more modern/automated way of doing that research b/c SEC/Edgar (or the fund ARs themselves) feels antequated and isn't exactly user-friendly.
  • Back in '08 I'd be getting excited at red markets and scrambling to hedge and/or trade it. Now, I'm like 'meh .... it's 'only' down 300 right now". ;/ I'll continue to watch things and stalk positions I want to own or increase, but otherwise am…
  • @JonGaltill: right, BST is a BlackRock closed end science and tech fund, but it does have a global portfolio. Of its 3 managers, 1 also serves on BME, the Health Sciences CEF that has done well previously, although it has done little to merit its M*…
  • To followup on my 11/10 comment, I may actually dump MGGIX and go with BST instead, to rotate into some large cap tech+income (ie, adding more 'value' and less 'growth') versus a more growth/tech-oriented 'world stock' fund as the markets continue t…
  • icym https://www.reddit.com/r/wallstreetbets/comments/rciqbx/this_is_what_its_really_like_to_be_a_trader_on/ just chased a tip thanks to someone here, went through this exactly (almost) play loud :) The Phantom Tendy LOL Excellent!!! (Not …
  • IIRC Cathie is soon launching a fund to buy stuff that she sells from the flagship funds, presumably for a big drop in momentum/price ... eg, for her fallen angels. I can't help wondering how that can't be considered a market manipulation if word …
  • I've got some TRP funds but consolidated everything at Schwab. Been very pleased with them over the past year compared to where I came from (TD Ameritrade, which they bought).
  • Given his cryptocurrency remarks, I'm reminded of the Simpsons meme of "Old Man Yells At Cloud"...... how many US Dollars have been used for illicit purposes over the years? Just because something is new and/or misused (or not understood) by some do…
  • With DOCU down like 50% this morning, has anyone checked on Cathie yet?
  • @rforno : 7.7 million assets all in ONE holding ! Do you own any SARK or do you plan to buy ? I assume total assets around 10 mil.. Derf …
  • Here is comment from the Schwabie : " Not suitable for most investors. These exchange traded products (ETPs) represent unique risks, including leverage, derivatives, and complex investment strategies. These securities are designed for daily use only…
  • Grantham reminds me of Marc Faber of the 'Gloom Boom and Doom Report' ... pithy, witty, educated, and great for media hits --- but wrong for a lot longer than you can profit from their advice. Sadly when the Bear strikes, everyone goes 'oh, they we…
  • FYI --- American Funds is not the same as American Century. I don't care if an active fund tracks an index on the upside, but I do care if it tracks an index on the downside. The SPY lost like 38% in the GFC while PRBLX was down only 22. I'll take…
  • I’m sorry what is OP? Original Poster who started the thread.
  • I bought into MGGIX (MGGPX) before it soft-closed. It's tread water to been slightly up over the past year, but I'll continue to hold it until I feel otherwise. After all, barring blatant weirdness or idiocy, one 'bad' year after a multi-year mult…
  • Roth IRA used to have $2,000 limit when it started in 1998. Many people don’t have jobs with 401K) and 403(b) plans. How can one save enough for retirement with $6,000 and 1,000 catch-up, per year? Agreed. I think it's IRAs are joke compared to 4X…
  • @David_Snowball It pretty much summarizes the capital gain distribution estimates of many of the mutual fund families and related links cited above. 20% for PRGTX is noteworthy, but I had no idea that 8% for PRWCX constitutes a 'big distribution' i…
  • Parnassus: https://www.parnassus.com/parnassus-mutual-funds/distribution-estimates Thanks!!
  • M* having data problems? Really? /sarcasm
  • Oops - Parnassus is NOT yet showing end of year on all funds I called them last Thursday and they told me the distros would be "soon" ... which makes sense since they tend to pay in mid-to-late November (18/19-ish this year I think they said).