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.
The title of Dent's books and the timing of their publication are a great contrarian indicator, as I recall.
In this case, he's hedging that track record by implying both a crash and a boom. Yawn.
The imitations were briliant -- as usual. However, given the seriousness of things and what it means/might mean for our futures, I found it hard to laugh at the skit yesterday. :(
Well, so there is. Thanks for the tip!!! I feel better now. :)
@rforno @Old_Skeet @Ted
The long format is not dead! We know that many people prefer to sit down with a nice long read. If you look to the right, from any of the main pages, you'…
Am I the only one who likes the old format better?
I won't complain since the analysis/site is donor-supported (and I've contributed) -- and continue to admire the gang for making it happen each month -- but I'm just not thrilled w/several aspe…
Were I the PRBLX manager I would dump them like a hot potato as soon as I could. As the old saying goes, there's never just one cockroach!
I bought PRBLX b/c of its eclectic set of holdings and fairly solid history through several market cycles, n…
Dunno what if anything they'd do, but you won't see evidence of those actions, if any, until probably the December commentary.
With the 1/4 end I wouldn't be surprised to see a reduction in holdings since the prospectus says "in the best interest o…
That's not the case for all funds they offer. Some funds have a long holding time or TF, but having the range of funds/classes available in this supermarket is well-worth it, imho.
TDA is not a good brokerage for MF investors. Minimum holding time…
IIRC I think Warren said he/BRK wouldn't comment until November ... which is after their next scheuled holdings disclosure, I think.
Isn't WFC on of Warren Buffet's largest holdings? I haven't seen any comments about Warren.
As a legacy ThinkorSwimmer, the idea of TD dumping Thinkorswim does not resonate well with me. It's a great cross-platform analytic/trading platform.
The only glaring hole in ToS-TDA is that Gainskeeper STILL doesn't show up correctly in the ToS pl…
I've waffled about reducing PRBLX for general portfolio allocations this year but not pulled the trigger yet.
This situation inclines me to do that just on principle since WFC is their #1 position, at least until this thing blows over -- granted, …
That's a HUGE start, imho....you know how banks hate doing this kind of punishing these days. Wonder if Berkshire Hathaway pressured them into doing anything? I hate to keep mentioning them, but they are the bank's largest single shareholder, …
Just to keep everyone posted, to their credit, their Shareholder Services folks sent me a personal follow-up note with a link to the letter I posted in this thread. Kudos to them.
VF, true. I feel the same way.
FWIW saying Buffett won't make any comment until November and after his next quarterly disclosure. Which could mean anything, something, or nothing.
I thought I had found a fund company I could grow to like. I reall…
"Ask your doctor..." is roughly translated as "Please initiate a purchase discussion with our comp'd representatives of the AMA..."
Most industry sectors are dirty in trying to gin up new business streams -- big pharma is one of the worst, IMHO.
Hi Skeet -
It's not really my area of investing interest or expertise, so my views can (and should) be taken with a grain of salt. However, looking @ its holdings at M* I don't see much in the way of investing in those Uber-like big companies that…
Looks to be a *very* indirect way, based on what M* reports as its holdings. I'm not that impressed w/it, but that's just one view.
Folks,
There is an indirect way (for the small retail investor like myself) to invest in some of these privetly hel…
SS doesn't figure prominently into my retirement planning much since who knows how much I'll get (or what's in the SS fund!) when I reach that age ... as such, whatever I might get when I do retire will be an 'extra' and be appreciated at the time. …
Thanks to David, Chip, and the MFO gang for an ongoing job well-done.
Speaking as someone who's been involved in this kind of stuff on many a mission-critical system, may the gremlins take the weekend off and your migration happen seamlessly a…
This thread in years past, and/or CapGainsValet, were quite helpful. Even if this thread was somewhat chaotic in content, that's what the search function in your browser is for. :)
This just received from Parnassus as I clicked to make that last post, so disregard some of what I've been saying here. Maybe Parnassus reads MFO?
Please accept out apologies for the late response. Parnassus does own a substantial amount of stock.…
Oh I wasn't asking to hear from the fund managers -- nor would I expect to or necessarily want to! I simply asked if there would be any statement about the WFC position given the news. ... something from their PR team probably would've been suffic…
Yes, I'm referring to PRBLX. I sent an email to their shareholder@ address but never heard back. Maybe a phone call is in order next.
I think WFC was picked up in the last quarter - they talked about it in their last commentary note in August. …
If I wanted to go equal weighting, I'd go with BRLIX and its .15 ER, low-turnover offering. Not market capped, not sensational, kind of boring, but that's a good thing for long term investors. :)
The Army rules of leadership, which were ingrained in me as a teenager/young adult, are still very much a part of who I am today. Solid guidance to live and lead by!
First computer I owned was in the mid-80s .... Apple //c, green monitor, then added an external 3.5" floppy a few years later as my 'hard disk' -- OMG all my school work for the whole year, plus Appleworks, on ONE DISK!!!
The first computer I reme…
What 'they' tell us regularly:
OMG THE MARKET FLUCTUATED -- YOU NEED TO DO SOMETHING!!!!!!
What responsible investors should do regularly:
Turn off the financial media noise machine & go for a walk.
;)
Those funds may well be run by people who bailed out of the markets at the bottom in '08/09. Trim positions, sure. But dump completely b/c of a bad quarter or two? Please.....
I'm a little miffed that PRBLX (which I hold as a large core fund position) added WFC as its #1 position recently. In terms of the fund's "governance" mandate I wonder if they'll do anything in response to this news. That decision just doesn't …
Don't forget SFGIX soft closes this month, so you might not want to wait TOO long to get in.
I'm monitoring PREMX, SFGIX, and Mairs and Power small cap to see how well they hold up in the Selloff with an intention to purchase if we go down another …
I'm not sure where to begin with some of the glaring logical fail of this article.
a) b) Do/did those interviewed/surveyed even know about mutual funds or consider them if they did? Or how OEFs might be better than ETFs in various ways/scenari…
Agreed. I haven't "raised cash" this year and am letting my various holdings ride as they will but still have a sizable amount that I've yet to find good values to put it to work on. Ergo, it remains liquid, and I remain patient ... which presumabl…
I thought the Midwest was in the Southeast? (Sorry, bastrdizing a line from 'Idiocracy')
I held MAPOX for a while but while I don't anymore, if i wanted to tuck some money away in a fund that performed like VWINX but didn't have the straight trea…
Although the article reads like a press release / marketing brochure, I am fairly pleased w/TRP's funds and approach to investing. (I hold PRWCX, PRGTX, and PRHSX) A good company!! (Giroux' comments in last week's SA report for PRWCX were spot-o…
I for one would miss the paper-based fund reports ... I prefer hardcopy to flip thru versus scroll through on the couch or plane.
Not to mention, they make great bathroom reading! ;)
Morgan Housel is awesome.(tm)
I still say many of these analysts don't know the industry they cover beyond cookie-cutter MBA financial analysis techniques. It's almost like Wall Street needed to give some of its own a job, so they found a way to g…
