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.
@Mark: Beware of Wampas, and be sure to feed your Tauntaun.
It's 27F here in DC right now.
Presently working my way through a bottle of Hibiki Harmony ... it's tasty but nowhere as good as the old version of Hibiki (before it became soooo glob…
Yeah --- it's been 'the rage' for a few years now. Some factor implementations are better than others (ie, factors for volatility) and within factor offerings, some factor products are better than others (ie, VMVFX, USMV I think, and others.)
Spe…
Oh, gee, another story about how tech is going to disrupt finance. YAWN.
Other than reducing transaction costs (which can be recouped in other ways, like volume) the mutual fund is not going to disappear b/c of tech. OEFs serve important functio…
Whether it's scotch or bourbon, always use the cheap stuff in mixers -- always. To do otherwise is considered first-degree alcohol abuse.
If you use water to cut your scotch (which a lot of ppl, new and old, do) it only takes a few drops. Anythi…
Don't get me started on 'empathy' with this regime's so-called 'leadership' comprised of "the best people, believe me." ..... Wilbur is long past his prime. He comes across on TV as a doddering senile old fool.
Works for me, I can DCA with each weekly shopping run - and with a 5% Prime discount, too! :)
Eventually Amazon would probably also try selling shares at the Whole Foods meat counter.
I was actually surprised he said that. I've been toying with buying some GE LEAPS in my Roth and just let them sit there for the next few years to play on the potential recovery/restructuring.
Interesting that DG's 'one investment' was GE, callin…
Happy PRWCX holder here .... I'll make a point to go online and stream it. Giroux is always interesting listening.
Yup, I'm still 31.79% in PRWCX. I'll be quite interested to see what he has to say.
Wow -- I can drink Laphroaig like water and don't think it's overly peaty. Of course, 6 years ago I ran screaming from Ardbeg ("Ardblargh!" I used to call it) and peaty malts .... then began to cut it with some water ... and now Laphroaig is one …
Amazon Prime members get access to P-Class shares that have zero-point ERs. :)
The Amazon model would offer free trades with prime but raise the share price to cover it.
@msf you make some valid points. If an investor wants to use inverse funds, they can always move to another brokerage, which indeed is the free-market at work.
Ted disrupts a thread needlessly to stroke his delicate ego, and yet it's my fault. Go figure.
To the OP, I think VG is overreaching on this in the name of investor protection. If they outlaw 2 or 3-x inverse funds, I can understand that sin…
I agree it's nowhere near the same use as M* PM .... you may want to check w/your broker to see if you have access to M* reports/features thru them as well. I know TDA offers their portfolio XRay thru them, which I find completely useful and very …
Yes. You can get caught in 'analysis paralysis' ... which is why I no longer have indicators on my charts when investing AND when trading futures. If I do use them (ie, a moving average) it's moreso to get a sense of where the 'herd' or 'market…
What makes this day different from any other day?
I've long since given up M* premium/portfolios and went with Personal Capital, which is far far more reliable and user friendly for portfolio tracking.
You must never, never, post a link at MFO without first wasting time to seeing if Ted has posted it previously. Otherwise he will *always* jump in to remind you and everyone that OMG HE POSTED IT FIRST -- with the implication that you have grievo…
All looking quite expensive and probably bearing outdated frontend loads and 12b1 fees I bet....
They sell mutual funds too.
I recall they took over the Strong funds after Richard Strong was forever banned from the business by the SEC in the mid 9…
Mark -- well said!!
By Allen Clifton:
"A quick civics lesson: Just before the government shutdown began, the Senate, led by Majority Leader Mitch McConnell (a Republican) overwhelmingly passed a bipartisan bill that would have kept the government o…
Indeed. Amazing and unsettling!
The United States is in a state of emergency: 28 national ones and many more local. This might come as a surprise, but it isn’t new—this month marks the start of our 39th year in a continuous emergency state. What is …
Idiot, indeed.
Tweety implying he'll militarily seize land in the southern states to build his wall? Funny, I thought some king tried that back in the 1700s and got his royal derriere' kicked, which resulted in ... the Constitution.
And yet when …
That’s what happens when 1) you hit peak smartphone in the developed world, 2) sell them for obscene prices, 3) think the developing world can or will pay those prices for them, 4) your ‘innovation’ as of late SUCKS, and oh yeah ..... 5) you’re als…
The primary 'glitch' causing adverse stock market problems these days happens to be orange-hued and roams the halls of the White House with a phone in one hand and a KFC bucket in the other.
Yes, I do. We ended up paying the load on them but have long since recouped those costs and they've performed quite well since '06 when we first got them. Capital Group is a very conservative firm with a sound consensus-based investment culture. …
@MSF: that's part of a commentary in this month's MFO.
IMO active fund managers being compensated more with an emphasis on gathering assets for the firm to manage instead of their fund's overall absolute performance is a conflict of interest in my…
-2.29 is the return of the account )with all things reinvested) according to Pers Cap. I hold mostly US div stocks plus an uncomfortably large cash pile that I'm continuing to put to work ... my funds range from a suite of American Funds in my lon…
Via Personal Capital......
Until 11/30 I was +3.31 across all accounts.
As of 12/31 I was -2.29 across all accounts. Rough December!
Not that I care about benchmarking to an index, but as a data point, the S&P was -6.24 for 2018 so I'll not…
I learned as a futures daytrader that trading is more an art than a science. A given 'level' of support/resistance may be X or Y, but in reality, it's "around X or Y, give or take Z." I have long since given up the idea of precise prediction on …
Probably the same reason it takes "4-6 weeks" to get one's name removed from an e-mail marketing list run by prominent companies. In 2018 I find that timeframe beyond laughable.
The PBS special was excellent. Loved the intra-crew jibbing ("never trust an Annapolis grad") and personal tales relayed by crew and ground staff alike. Well worth an hour of your time if you're a space buff!
I swear EL bought Sears/KMart for the real estate value and never cared about the demise of the actual stores/brands.
The 2 Sears near me here in Northern VA were dismal, empty, stuffy places for years --I'd only use them for Lands End returns and …
Day-trading institutional algos are going to kill the markets one day. The Flash Crash of '10 and the insanity of 5-600-point intraday swings (not to mention Wed's 1000-point spike on the Dow) are just a preview of things to come.
I daytraded fut…
Dow futs down 371, NASDAQ futs down 103, S&P futs down 42 in the premarket as I type this.... meooooowwwwwww!
Edit: Someone is rage-tweeting again, that may explain things, too.
Plunge Protection Team?
This was too big to be just a relief rally or a 'bottom' or a trend change imho. Let's see what carrythrough tere is into year-end.....
