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.
How do we ignore posts/threads/users here? I know how it's done on M* but I've never found a way to do that here.
Moderation. Off topic is Off topic. Or even get rid of Off Topic.
However, there is really only one way. Ignore feature. Those I ign…
I'm for teams -- Primecap, American Funds are great examples of that. Even the 'group' model like most funds is good, though they're not as segregated in management like the 2 companies I listed.
Speaking as a 20-year career cybersecurity person, I laugh at such wisdom from these experienced twits. You acid-wash jeans, not tech or data.
How to NOT destroy evidence: Let Michael Cohen do it.
@Maurice I was not directing my comment at you specifically, or I would have indicated such. It was a general response to what I view as a valid assessment by VF about the state of the world.
@rforno Boy just slam people without any real facts of y…
Sadly, true. Facts are fungible. And if you don't like mine, feel free to concoct your own -- because why not?? Nothing matters anymore! I'm reminded of that quote from (I think Dante) at the end of Platoon' -- "hell is the absence of reaso…
Wring their hands, say "this is bad and shouldn't be done", maybe do a tsk-tsk for the cameras, and then go about fundraising for their next election, obviously.
I would be very surprised if any legislation comes out to address this w/enough votes…
Let us not forget what their ticker symbol (WFC) stands for "We Fleece Customers!"
"Fleece" is a polite word for it, yes. Which is fine, since this is a friendly forum. :)
They forgot to add, we will still do what we want.
That's true of most fund companies. Not to mention I hate how mutual fund reporting is always months behind when they are actually published.
Unfortunately, they sold near the bottom but it could get worse. If I was a WF customer, I would have switched banks a long time ago.
Yeah. I was railing against them holding it like 2 years ago, and ended up selling on principle and moving into TWE…
More details/explanations about the WFC dumping was mentioned in their cover letter, which I didn't read last night, but am including below as an FYI.
Wells Fargo
During the first quarter, the portfolio managers responsible for the Parnassus Funds…
Speaking as a career geek (now in academia) imho, "Agile" and "DevOps" = "Deploy, Patch, Pray, Cross Fingers, Repeat" .. IMO a horrible way of doing things, but that's what the 'system' wants to do these days in the sw/dev world, so whatever. :/ …
OldJoe - I forgot to say it's free for 6 month and THEN $3.99/mo for Amazon Prime ... which is actually cheaper than the academic rate which is what I was looking for to start with.
On a semi-related note, TRP's PRGTX has a 12%-ish stake in TSLA at the moment. Given Musk's recent bouts of public weirdness that should give fundholders some pause maybe....and yes I own PRGTX in both taxable and retirement accounts.
Drug and medical prices are out of control, and it would've been nice to see him hew to his campaign promise about Medicare negotiations w/the drug companies to lower prices. But alas, special interests beat him to it. As expected.
But alas, fro…
Took a starter position in TQGEX (T. Rowe Price QM Global Equity Fund) in taxable.
Reason: World stock fund, want more intl exposure, and like the allocations.
This is a reversal to something I posted here a year or two ago when I mourned TRP's f…
@VF I think the big issue is that this was done w/o any forewarning, which freaked out their customers. Value-wise of the funds, it's a wash.
Though I find their statement about how this was done for those customers who like to buy round-lot sha…
Yup. And apparently w/o notice, thus freaking out many of their customers who saw massive losses on their positions heading into the weekend. Not cool, or customer friendly! ;/
The M* discussion of this item is @
http://socialize.morningstar.co…
Proposing or enacting tax cuts and/or incentives *again* as a way of "spurring" things always reminds me of these classic skits on military strategy...
I just finished reading it myself. Intereresting stuff, to be sure -- they do a fair amount of dissecting the big picture. Not sure I agree with everything they said (ie, they ignore cultural shifts & solid citizen education as factors in the…
MikeM - if the fund was investing in Blackstone the company it would declare BX as a holding. This particular position is an investment in one of Blackstone's proprietary black-box offerings, such as what a so-called 'sophisticated' or 'accredited'…
Hedge funds can buy/sell pretty much anything in whatever ratios/amounts/allocations they want, using various eclectic technical, macro, momentum, value, algorithmic, and Magic Eight Ball-style strategies and normally target so-called 'sophisticated…
This includes: analyzing content and information when you use our services (including emails, instant messages, posts, photos, attachments, and other communications), linking your activity on other sites and apps with information we have about you, …
+1. I was skeptical about it but was pleased with how it turned out ... though I wish Ford got more screentime, I think it was a worthy sequel to the original and did the original proud. Definitely gives you food for thought on a variety of level…
Hey, over at M* I was accused of suffering from so-called 'TDS' (Tr**p Derangement Syndrome, the successor to OBS - Obama Derangement Syndrome) because I dared to politely complain about something the current regime in DC was doing. There's a smal…
Indeed ..... they have "the best words." *barfs for distace and volume*
@rforno- I'm with you on that. One thing I have to concede... they have the total upper hand on inventing obnoxious and suggestive words and phrases.
Why not just drop the 'institutional' name from that class and make it the N class?
No, we need to create a NEW class so institutions can continue to feel special by using a fund with 'institutional' in its name......
I've been a TD customer for 10 years, having been acquired thru my account at ThinkorSwim.
I've had nothing but excellent experiences with TDA over the years and would recommend them to anyone. Sure when they do a corporate merger (ie Schwab) em…
