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.
Alternative analysis? (Sorry, too easy....)
Okay, everyone stop, and please explain. If one can clearly see Vanguard index funds are performing better than Schwab index fund, then WTF is Schwab trashing its own credibility by saying it is a winner?
"Passive fund managers have no need for the comprehensive fundamental data provided by the Bloomberg terminal and as active managers look to cut costs, reducing the number of high cost terminals will likely be the first action taken to reduce spend…
Oh ... my .... gods. That is alcohol abuse of the first degree -- VF, good action taken in response!!!
PS - One guy I didn't know too well came over for a Party once. He put coke in McCallan 18 year old and drank it. Needless to say he knows he …
My 'go to" Scotches are mainly Speysides - Balvenies (Carribean Cask - yum!), Macallan, Glenlivet and Mortloch are my faves. Also like some of the far-north ones like Jura and Scapa. Peaty ones from the Islay region are definitely NOT starter wh…
FWIW saying I like the 'concentrated' nature of the fund and in particular this one. It's been on my watchlist for ages as part of my foreign stock exposure, and I just opened a 1/3-sized starter position the other day to get in before it closes .…
I don't have percentages calculated but my largest OEFs are as follows. Execpt for my 403b each account has other funds, individual stocks, and cash holdings as well.
(in my more actively-managed/traded account) - OEF positions are not traded but …
Don't forget conservatively-positioned (I think?) BERIX, with nearly 30% cash according to M*. It just got sold to Chartwell Investment Partners last year, so who knows what changes may happen....
I agree completly. I loved PRBLX until they bought WFC as their #1 position last summer, and continued to hold it during the bank's latest scandal. I sold out of a large position in it last fall as the scandal continued to unfold.
So much for th…
5% is okay, but probably won't move the needle much, and anything less is probably not going to do much of anything for you either. Frankly, things that hold single-digit percentages in stuff (ie, some funds-of-funds) I avoid like the plague for …
I still can't shake the feeling that until the IRA contributions can be made in sums equal to that of 401/403/457s ($18K vs $5500 per year) they may well be a joke down the road and/or don't allow people to save away enough for retirement. Yes, I …
I'm not doing anything special; when things I want to own come into my buy range I will buy ... and I'm not investing in or avoiding any specific sector per se just b/c of "rising rates."
The article was okay but I detected a whiff of "OMG DO SOMET…
Not a bad idea for TRP folks wanting a hands-off approach - I own a few of their funds and think they're one of the better no-load fund companies out there. But I agree with the poster who wonders why this is any different/better than going into o…
Some snippets of interest ... the rest is comments from investors/analysts about staying diversified and knowing that a 'correction' will come sometime.
< - >
Investors have poured money into stocks through mutual funds and exchange-traded f…
Thanks. BRLIX remains very attractive to me as a place to park money to get broad megacap market exposure w/o needing to stick to an index and/or be market-cap weighted. I'd use that over an index fund any day.
It's rock-bottom cost is only icin…
Maybe closed at Fido ... but TRowe's main fund page says "Open to new Retail investors / Open to subsequent Retail investments"
https://www3.troweprice.com/fb2/fbkweb/snapshot.do?ticker=PRHSX
Hi @rforno
At the internal Fidelity page for PRHSX,…
I think PRHSX is open again. It had closed for a year or two, as I recall. I had a decent position built, but sold it for political considerations. Not sure if I'll go back into that or Vanguards - I need to review their allocations. I do hol…
Twice in recent years I have written to the Maryland retirement system offices with some polite questions about the 403(b) and SRA investment options available to us. Never have I received a response or even an acknowledgement. It only reaffirmed …
I think the best thing E*Trade can do for investors is to just close shop and go away.
*snarfs his coffee* How true.
That said, with ETrade in the commission-war game now to entice more people to get in the markets and churn their accounts to gen…
Nothing's broken IMHO. We're all allegedly adults here ... if someone doesn't want to follow a certain topic if it veers into crazyland, it's their choice to move on. By the same token, someone rushing to say "shut the topic now" because of a sing…
Their version of the show was fantastic - I was a regular, too. Tom Hudson's era wasn't too bad but they got a bit too flashy with the 3D effects and such.
Side story: I was a guest on NBR the day CNBC announced the acquisition of their assets. …
So the 'smart' money is now able to reduce their positions and sell to the 'dumb' money that's coming into the markets in earnest. I'm sure the 'smart' money is quite happy to see it.
This will end well and gracefully, I'm sure.....
Is it me or is this latest round of commission wars the retail brokerage industry's way of pleading, begging, and/or cajoling individuals to get more active and trade more than they probably should?
I seem to remember this sort of stuff going on i…
He's Santa Trump. He's bringing us lots of big shiny ideas and plans but still has offered no specific policy/plan/route for how to get there. But on the whole, it's coming across like a regular old SOTU speech and while he looks uncomfortable…
Ahh Dennis. One of the best contrarian indicators out there. Along with Goldman's chief prognosticators (formerly Stolper, now Kostin) I've made some good $$ fading some of his trading calls as well over the years.
Long term investors are wise to…
Aha - thanks for that info, I read that too quickly and didn't make the distinction.
Because he gave that name to his son?
https://www.wsj.com/articles/SB10001424052702303332904579224351143883302
(WSJ article gives you just enough to get the point…
Thx. Not even 50:50. So in other words, flipping a coin could give you a better percentage of accurate market prognostication over time.
@rforno & MFO Members: Marc Faber calls from 2000-2012, 45%, below average, accuracy.
Regards,
Ted
https:…
You can't tell me Parnassus cannot replace WFC with another bank holding.
Exactly. For an ESG-oriented fund/firm, the "G" aspect seems woefully out of place by their holding WFC in such prominent percentages in their various funds.
Ahhh the latest prognostication from Stopped-Clock Investment Advisors.
When the next crisis/drop comes, will anyone remember the # of years he was "wrong" in his calls? Or will they be too busy fawning over for (finally) getting it right?
Do you mean PRWCX (TRowe's great fund) versus PWRCX? The latter is a high-priced fund of funds and looks like a stinker to me...but the former, I own and agree is a great one.
Agreed!
A-ha, just like Oakmark did. Basically an admission they don't have ability to invest in small caps which is just fine. Focus on what you are good at.
Now if only they sold WFC...
I agree w/OldJoe....As long as prolonged political discussions take place in clearly-marked political threads (ie, this one) and the discussions are pretty civil (and they are), I say go for it. Now, if *every* post/thread becomes a partisan thing,…
TD also is an OEF supermarket, but I've noticed that some of the stuff I used to buy into (but sold) now have much much higher minimums. :(
For my personal, more actively-managed account, I've been with ThinkorSwim/TDAmeritrade for 10 years and fo…
Any of the books by Jason Kelly are good options, too. Very understandable, rational, objective, and actionable investing analysis/guidance for young and old, newbies or experienced alike.
(Disclosure: I've been a 5+ year subscriber to his week…
Agree. This has been a rather civil thread. Unless David or Chip have issues (which they'd say so if they did) clearly it's not a "bad" or "toxic" thread or discussion that needs to be closed. Besides, if a thread gets bad, folks just move on to…
Held a large PRBLX position but sold out of it last fall when the WFC scandal broke .... particularly when I saw WFC became their (newly-purchased) largest position. Otherwise like the fund allocations and may re-enter @ some point.
