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Little change in markets initially. One bank I own fell some. Hard to say why. Rising rates help banks. But slowing economies are a negative for them. Gold and other metals have been weak all day - a bit of a trend lately.
Carnival atmosphere on …
Maybe I'm confused. I thought he was putting up his own personal shares and options of TSLA as collateral. I didn't know he was using TSLA company owned shares or funds. Why wouldn't his shares and options already be accounted for in the stock price…
IF I were a TSLA stockholder, customer or supplier, I would be seriously worried that the company is in the control of an ideologue, not a real manager.
Agreed. He's using TSLA as his personal piggy bank and as a result how many people/funds/pensi…
Or pick up a miner -- most of them stockpile crypto anyway. I hold BITF.
Microstrategy just seems skeezy borderline irresponsible. CEO turning the company into a huge crypto investor with practically every last cent on thier books, which I don't t…
The internet's biggest troll suddenly owning the internet's biggest troll platform with a view that pretty much any speech is acceptable free speech and 'moderation' of any sort is bad ... what could *possibly* go wrong?
It's no wonder the far rig…
Like turbulence on a plane trip -- or life itself, the only way out is thru.
Or, as Dr Sidney Freeman would say on M*A*S*H, "ladies and gentlemen, take it from me. Pull down your pants, and slide on the ice...."
Like YBB I also held GIM and TGBAX off/on for years during Hassenstab's 'golden time.' In addition to the Ukranian bonds that IIRC blew up in his face a few years ago (at the time he had a reputation for diving into risky areas and winning) I lost…
At 7-9% I'd be tempted to devote a sizable allocation as a fire-and-forget position to them, sure. It'd be similar to what I've done with my crypto lending experiment currently earning 7%, albeit with more risk.
If we ever hit 1980s rates (which I…
They really need to up the maximum $$$ an individual can buy. $10K is a lot to some, chump change to others. If I could load up a hefty slug at these rates, I'd be quite happy. Not sure it's worth the hassle of maintaining another account for 'j…
I wonder how long before we see active ETFs holding positions in newly-created OEFs that can serve as a 'black box' to get around some of the reporting and investing restrictions ETFs face if they try to hold those underlying assets (foreign/bonds) …
Itching to buy something ...
Blood starting to trickle in the streets ...
Thinking ...
There are too many catalysts in the near-term to go whole-hog on the long side, but DCA'ing into positions during volatility drops over the near-term should …
My 403b is entirely in RWMGX (AF WashMu R-6, related to WSHFX) and I've been quite pleased with its performance this year. Kudos to Capital for a job well-done thus far.
I hold a large slug of PRBLX/PRILX in my taxable accounr. My 403(b) is 100% in American Funds Washington Mutual R-6 and is one of the funds on the page YBB cited. Can't see the M* 'rating' but it's been a solid performer for me over the past dec…
I don't see retail-grade Seeking Alpha folks being a huge factor in stock moves. A little, sure.
Short and distort probably happens more effectively on social media and other finpr0n platforms that are trolled by hedgies, institutional speculator…
@rforno, I did the same back in January as I believed that the fund had lost it's way. Too bad because it was a decent fund.
I was thinking about it back then, too. But oh, well -- that's what TLH is for. :/
Sold out of MGGIX the other day as part of early tax loss harvesting for 2022. It was acting too much like a concentrated tech fund and that's not what I wanted when I bought into it.
Their 2021 Annual Report came today. Call me spoiled or misgui…
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…
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…
It may be hard to beat American Funds with 19 or more classes. http://financials.morningstar.com/fund/purchase-info.html?t=BALFX®ion=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.
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...
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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…
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…
