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.
Union? Give me a reliable phone number when problems arise and someone on the other end who speaks English. At this point I’m finding it better to swallow the loss on some defective electronic items rather than to continue crashing the boards in a …
This was common during Dot Com when we were all working to build the 'modern' internet, such that it is. Back then, we believed in what we were inventing/creating/running and us GenX'ers also had the last vestigages of that 'old time' work ethic we…
I never really understood marketing. "The official PRODUCT$ of the LEAGUE$/TEAM$" ... do they think people are going to rush on out to buy something thinking the LEAGUE/TEAM is endorsing the product? Or is it just for branding purposes to get the…
AKA "The first investment vehicle made exclusively for Robin Hood users, which promises thrills, chills, and spills along their roll-the-dice investment journey."
I tend to go along with the Capital Group's approach that many 'American' companies earn substantial revenues from overseas, so you don't necessarily need to formally look overseas to find 'overseas exposure' in your portfolios. So in that regard, …
Weird. Here in DC I got a re-run from last summer with Jim Rosenblatt of Gotham Securities. ;/
Feb 26th Episode:
Free Issues (Grant's Interest Rate Observer):
https://grantspub.com/subscribe/index.cfm#freeBlock
You make some fair points, I guess. Thanks Lewis.
Large institutions often provide seed money, although that is not the case for some such as Vanguard, but even when the seed money is large asset-wise, that doesn't mean trading volumes of the ETF …
I'm quirky-- I would expect a fund to be better capitalized/positioned at launch.
The ETF launched a few days ago I believe. Unless you're an insurer with seed money for an ETF, initial assets/positions are usually like this. I'm not sure why that …
Hard pass for me.
Half of these positions are in < 50 lots, and many are in the single digits. There is no reason for a fund to hold 2 ... TWO ... shares of something unless it's to show what companies they like. IMO their holdings list is far…
The young men who committed suicide cannot get a return call. These shops have hardly any customer support let alone having call centers. Slow response and long wait time are mild comparing to these shops.
I read Schwab axed 200 the other day. H…
I wonder how much of these CSR delays are RobinHooders flocking to open new accounts elsewhere and/or people calling to ask basic questions about investing and where-is-my-2020-1099-for-the-GameStop-that-I-traded-last-week. ;)
Yup. Can't get into the website this afternoon but the mobile app is fine. Used to have this problem once every few weeks.
I've been with them since October ... between emails that go *weeks* before a response and 45 minute hold times, and now …
Thanks @rforno
Geez - Have a new Mac Air on order. Love Apple’s ecosystem. More important to me than the hardware. FWIW
My new M1 Air is awesome, btw. Kudos to those who enjoy the ecosystem lock-in.
I use their hardware but am only tangentally i…
Hi Mike - unfortunately I don't have the cycles right now to offer a detailed summary, but the transcript is fairly easy to skim. I do remember he favors utilities as a capital appreciation play right now, though. (I hold several, so this was som…
Hi Sven - yes, I thought that was long-since general knowledge by now. Sorry about that ... but his insights/views are one of the few in the industry that I respect and pay a bit more attention to.
Thank you for the very informative interview. Unf…
They've had that notice when you first log in to their site for the past few months, fwiw saying...
I received notice from Chuck that they were having problems do to high volume & to many dam phone calls & please be patience.
…
Since that's my industry, I'm very familiar with things. Most of these other SPACs are just saying "we'll buy something in [consumer discresionary/fintech/etc]" which is even more vague than 'cybersecurity' in my book. So, we'll see!
@rforno I l…
I was stalking some *very* low-priced puts (like single-digit strikes) as a black-swan type of thing for when the music stops, but even there, the premia exploded. Not sure I'd be willing to touch it with even 'fun' money at this point.
I went lon…
This is a 5 year old thread, but still a timely topic. I'm in PRBLX (now PRILX) and have been very happy w/its stability, performance, and composition. They were one of the few funds to come out rather well during '08, all things considered.
What would be the purpose ultimately? You would bail or add depending on something you saw? Really?
Absolutely I would, yes. Both single-stocks or general allocations, especially in their top-10 percentage.
The ARKs are starting to feel like a bubble to me. Very 1999-like .... what's next? A Cannibus Tech ETF? How about a Tech-Tech ETF? I'm sure the RH'ers will be all over this -- they see ARK and are attracted to it like moths to a flame, at least b…
@Crash, This is my approach, too. Depending on when they were purchased in the fund, I particularly look for holdings that are not 'herd' companies in the top-10, which suggests groupthink and/or closet indexing.
I make sure to check out the bigge…
I didn't see that other thread, so I guess i stand semi-corrected? (thanks!)
Not quite that good. It would be adding a fee on the fund of fund where none currently exists. So virtually no change in total expenses. Here's my comment from the t…
Looks like they are proposing to eliminate the need for shareholders to pay the ERs of the other TRP funds held in these funds AND an ER for the wrapped fund - which is a good thing. Also looks like they're setting themselves up to create new share…
Yesterday and today:
In my more actively managed account ...
Bought medium-sized positions in PFE, VOD, MGGIX (soft closed today; I wanted a global stock fund that was concentrated & agile)
Initiated position in BUG (Cybersecurity ETF) - only…
Per their material: "IVOL is a first-of-its-kind ETF which is designed to hedge the risk of an increase in fixed income volatility and/or an increase in inflation expectations. It also seeks to profit from a steepening of the yield curve, whether t…
Their actively managed options-fu on rates/duration seems to provide some nice yield compared to cash or short-term rates - esp since I think they're using vehicles that us little people don't have acess to. I've been impressed thus far.
@rforno - …
"Retail dummies" says it all right there. They were led into thinking investing was a no-lose low-risk thing that only required actions and thinking akin to "bet it all on red" in Vegas by hitting the big red button. Those burned by the gamificat…
