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.
(reposted from my entry at the M* forum)
I sell naked puts periodically -- I did so during 2008 to great success, and will do so again if/when/as I deem appropriate or opportunistic.
However, a few reactions come to mind:
First ....
“After the g…
Yes, I liked him, too...dry, witty, mundane, and non-sensational. You don't get such low-key financial shows these days .... I guess Consuelo Mack is the closest we'll find.
I saw the interview and compared to his other appearances, I thought Charlie sounded more dogmatic about indexing than usual. Or maybe it was just how it sounded to me. But he makes some excellent points and I agree in principle with much of them.…
Check out HQH and other CEFs from Tekla. They know biotech pretty well. (I own THQ)
PRHSX has a healthy slug of biotech, as do many other health-science type mutual funds.
Agree COMPLETELY. To me, a 'heavyweight' manager does not live on TV networks or press coverage, and does not focus on raising their AUM at every opportunity....in fact, hopefully they're fairly anonymous! I hold mutual funds for the long haul (a…
That's okay. I hear next month they're launching a Phonetic Integrated Alpha fund with a ER waiver that brings the fee down to .53, which is a rock-bottom STEAL. Of course there's a 6.25% 12(b)-1 fee but who's looking? The more complex the name,…
Based on that list, I'm about 80% old-fart. But then again, I'm also 43, so yeah, half as old, but more than halfway there. :)
Good reading. And a sad reflection on where society has gone to over the years.....
There are times where I wonder if Zacks, Bezinga, and other intraday finance content providers are writing this stuff themselves or using some AI algorithms to do it.
Another day, another dire prophecy from the Gloom, Boom, and Doom guy...... *yawn*
For him and others in the perma-bear camp, "The Big One" has been coming for years. It may still take years to materialise. Ergo, just ignore market 'calls' and …
@Ted, yes it's long term performance is excellent. But that was under (I think) mainly Kris Jenner who moved on and got replaced by another manager ... who then moved on and was replaced by the current person. So I'm not dumping the fund and stil…
Wasn't there similar "investor concerns" floated in the media when Ebola resurfaced globally a few years ago? And then H1N1, SARS, and whatever else in recent years, too? Unless it's the zombie apocalypse (think: 'Resident Evil' movies) it won't i…
For long term investing, I can easily automated DCA additions to mutual funds. ETFs or stocks I need to do manually, and incur a commission. Plus, I am not comfy with how ETF shares are constructed/redeemed. As such, my only ETF trading are opt…
Agree with several of his points (loads & creep, for starters) but there are some features about mutual funds that I appreciate -- such as auto-investing in them w/o paying a commission each month, regulations governing use of leverage, and the …
Well-said. Which also underscores the reason for the vast majority of retail investors should IGNORE the whatever-way-the-wind-is-blowing nature of the financial media puditocracy and get their investing analysis from more responsible organizations…
Why do I keep thinking the more a money manager appears on TV (or in the media) as an financial talking head the less useful and/or "correct" their analysis, estimates, calls, or prognostications are?
I agree, these things should be banned. Pharma says drugs are expensive due to R&D, but no, it's due to the incentives, discounts, and insane costly slickly-produced marketing of their products. (I think it was the NYT that did a piece earlie…
MSF I was speaking specifically about government employee pensions, which as you noted, are in many cases woefully underfunded and (I believe) also are subject to raiding by politicos for other 'more pressing' needs in their states. As for me, I'm …
More pathetic, the clowns running many of these funds/programs are suckered by the allure of hedge funds, private equity, and other costly black boxes that eat up their returns after expenses and fees ... and then they worry when their projections, …
As a university faculty member in an east coast university system, after 7 years, I'm still glad I elected the 403(b) option at TIAA CREF versus the state pension ... the entire account is parked in the very low-cost and high-quality AF WaMu R-6.
…
PRBLX, though all-equity, is pretty defensive, imho. Only dropped 22% in '08 and has bounced back from each 'panic drop' in the years since. (I own it)
Until I feel the need to put my remaining cash to work in drips-n-drabs (or agree to move my desired purchase prices higher on things I want to buy/add to), I'll research the purchase of single malts from Speyside or the Northern Islands instead.
Guilty as charged, and also many other British comedies old and new. Though truth be told, after I wrote that I kind of snickered at myself. LOL
@rforno
You stated: "Speaking for myself (and I am unanimous in this)"
:) Hmmmmmm......someone i…
@Sven: Yes indeed. And then there's the question of 'active share' and how a fund does viz-a-viz the market and/or its competitors. I hold a few funds with high active share, and it's nice to know they zig when the rest of the herd (er, market…
Speaking for myself (and I am unanimous in this) I am drawn to Vanguard not for its passive indexing, but low costs. I only hold one VG fund -- VMVFX -- which is dirt cheap and has an eclectic enough global equity exposure that I appreciate. (I b…
Sounds like how I manage one of my portfolios, actually. I have some positions purchased back in the 80s and 90s that are still kicking, growing, and reinvesting on themselves.
Interesting fund. Though Columbia Thermostat Fund reminds me of PAUIX --- a fund of funds that (to me) looks like a place for the fund provider (in this case, Columbia) to sell more shares of its other funds in a new wrapper. I don't think they n…
Clearly, we need another round of QE to get things going again. Because these days stocks apparently can't move upwards for a prolonged period without such assistance. And besides, only old or retiring investors/traders care about such charming …
Oh look, equity markets roar higher on the hint of a rumour of perceived speculation regarding the possibility of another round of central bank intervention. Welcome to The New Abnormal(tm).
