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.
I agree. I suspect the majority have little or nothing saved up. I always see those reports about how X percent of America couldn't cover a $500 emergency expense w/o incurring credit card debt or such. It's definitely a bad situation!
Off the…
@JoJo: I've invested in taxable accts since I was 18. Moreover I (thankfully) did rather well in choosing employers during the Dot Com era, and while I'd have loved to throw the whole bunch into a tax-deferred account, IRS rules don't allow that.…
Hank I agree!! I used to love reading USNWR -- and the old Business Week -- back in the '80s and '90s when in high school, college, and beyond. Since then both publications have deteriorated considerably and I long-since gave up reading them. :/…
If they are only looking at 'retirement' accounts (ie, tax-deferred ones) that could be skewed reporting ... I wonder what that looks dismal outlook would be if you include people with taxable investment accounts as well. To wit: much of my futur…
Hey if a person likes it, who am I to condemn it? Each to their own!
Speaking of oddities, I hate ketchup and prefer using BBQ sauce for ketchup-y purposes.
So what's wrong with a little soy sauce on your cereal?
Unless you're ultra high net worth with bazillions of dollars that need to be managed then, no, it's not worth it. But if you're UHNWyou will likely get a 'very nice' private banking experience. :)
To wit: Chase 'Private Client' services is pret…
I can see it now: "Ohh! It says 'endowment'! It must be an awesome fund, because I've heard of 'endowments' like Yale and Harvard, so I want in on this stuff!!"
Agreed! I'd pay up to maybe .90 for that (which I do for PRBLX) but 1.32 is too much.
Also noted this fund has only been around for 5-ish years so it's really thrived as growth funds thrived. Let's see how it handles the ext GFC before getting to…
Article headline mentions plural ETFs, but then only mentions on in the actual content. Typical.
The only preferred ETF I care to own is PFXF b/c it doesn't hold non-cumulative bank preferreds.
Thx David. I think Core is still a fine fund, especially now that they dumped WFC. For the moment that's the main holding in my Roth IRA.
BTW what's the plural of Parnassus? Parnassi? :)
Quick note on Parnussuses. There are 18 socially-conscious…
I don't have the finporn on anymore -- it's just a distraction and 'infotainment' at best.
But between the leading finporn channels - CNBC, FBN, and Bloomberg - I prefer Bloomberg any day of the week, as it tends to be far less sensational, 'quiet'…
Surprised tha in the ESG discussion the only Parnassus fund mentioned was their Mid-Cap. Really expected to see PRBLX show up on that section ... IIRC it was (is?) a Great Owl.
I applaud his approach (and the debt-free thing) but can't help noting he was doing bonds during a MAJOR bond bull market. Heck if I could get 10, 15, or 20% in quality gov bonds now like they were back in the 70s and 80s I'd sell everything and …
Avoiding cable news and cable 'news' altogether indeed has excellent health benefits.
[ ] Limiting the number of messages, links that have nothing to do with funds or investing, especially those that have a political agenda
Dude, once again, just …
I'm not a BB fan (unless my uni does another 16th-seed upset like last year) but every time I see this thread and "How's Your Bracket" I keep flashing back to my orthodontist during my teenage years. So thank's for that piece of nostalgia. :)
Goo…
Observation: Needy passive aggressive people get real boring real fast.
Since there is no Ignore feature here, perhaps we should take a lesson from NZ PM Jacinda Arden and simply "not mention his name again" or respond to his perpetual childish ant…
[ ] Chastise MFO users who repeatedly whine about "I posted it first!" and/or who deliberately respond to their own posts to drive them into D+ and into the feed of people who specifically chose to ignore them. (And then get on with your life....)
Interval funds are the new hot thing, it seems. A bunch of real estate funds like this have opened in recent years (like 3-5 years) that are structured similarly. If they mainly hold PE or institutional stuff (or even buildings) I could see owni…
- time in markets (ie long-long-long term perspectives)
- AA of sizes/sectors according to my own due diligence, not some arbitrary number or recommendation (both wrt individual stocks and fund compositions) [1]
- quality of the stock/fund in que…
He has no class, period. McCain is probably giggling from the great beyond knowing that months after he was buried, this nitwit still can't get him out of his head .. just like how he keeps telling people that he 'just won' a 'big election' in 20…
Using options I collared half of my large BA position today to lock in some of my massive CGs on Boeing. May end up doing it on the full position depending where things go over time. I forsee lawsuits, politics, and (idiot) analyst downgrades ..…
Speaking of pi ... this is a really nifty ethereal song/track based on pi's mathematics. Lovely ambient music!
https://motherboard.vice.com/en_us/article/vbwn7d/musician-creates-a-million-hour-song-based-on-the-number-pi
There's nothing 'outstanding' or special about the 2 non-Vanguard funds. At the very least their ERs (just over and just under 1.0 on very small AUM) are horrible and to be avoided by sane investors.
Must be a slow day at Barrons today.....
I always had a fondness for the 757 or A319/20s myself. Never really liked flying in the 37s for some reason....they just seemed more like flying cattle cars. But want to really feel like you're in a smoothly lumbering steel tube? Take a trip on…
I own FSDAX - a great defense fund that's constructed far differently than the other defense/aero ETFs out there, which is nice.
Also own a large large slug of BA. :)
FWIW saying when I hit retirement I still expect to still be practically all-in on equities as I am now in my mid-40s. While I won't be 'diversified' across so-called "asset classes" I will be 'diversified' by my own comfort levels, sectors, and du…
Translation: "If you're annoyed by these fees, just buy OUR funds!"
What a lame non-response response by Fido.
From Fidelity Monitor & Insight:
"As we went to press, The Wall St. Journal is reporting that an“obscure fee” charged by Fidelity t…
IIRC Labor Dept has jurisdiction over policies governing employee retirement plans like 401Ks...think of the controversial 'fiduciary duty' rule & fees from the Obama DOL that Wall Street *hated*.
By contrast SEC has jurisdiction over what go…
"The fee is calculated as 0.15% of a mutual-fund company’s industrywide assets, not just on the dollar amount of assets held by Fidelity customers buying shares on the platform, the document says."
This is the kicker -- .15% of a hosted fund compa…
