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.
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.
Just wondering. ... Is this a clone of their existing one (PRHYX) which has been closed for several years?
I doubt you'd get the same bond composition that PRHYX has, so I'd be leery of chasing performance in the hopes that this fund will emulate/d…
Simple answer ... avoid the press and just check this site each night for updates/links. Censored to be polite ... and yes, it's a pretty nifty resource. :)
https://whatthef--kjusthappenedtoday.com/
I'm 44 and read my daily news online. I get the Economist, Kiplingers, Foreign Affairs, and a few other mags in hard-copy, but in terms of "news" I read/subscribe to the NYT, FT, etc. for online only.
I will happily confirm I fall into the first category (bolded), but vehemently deny the second - I have never, not here, nor anywhere, made the Hitler/Nazi reference with regard to the current president. I want him - or any president - to succeed…
I agree and echo Maurice's comments. This is the FIRST political thread I've been involved in that didn't jump into ad hominem personal attacks or noise. I pray this is a good sign for this MFO thread, and hope we didn't just jinx things by makin…
Wrong kind of bully.
This guy acts like an entitled schoolyard bully expecting everyone else to clean up after his mess after having daddy fight his battles for him while he's in the corner telling people how awesome he is at fixing things.
How…
If he kept is small mouth shut and his small fingers off his phone, I think people wouldn't be as riled up.
However I suspect the 'vitriol' against Trump from many is b/c unlike his predecessors (both D and R) this is the first person to occupy th…
Could be his executive recruiter team coming to sound you out about becoming National Security Advisor. They're having a devil of a time getting someone to agree w/his terms. I'm in DC, so part of me wishes they'd come ask me if I'd be interested …
Either the Fuller Brush Man or an Amazon Prime Victory Gin delivery? :)
@JohnChisum- no, I'm the other Old Joe. :)
@rforno: No, the Victory Gin is tasting more and more like kerosene I'm afraid.
Oh-oh... what's that pounding on the door...
I'd comment more but I'm presently trying to see how the war in Eastasia went this week. However, I'm happy to see my ration allowance of Victory Gin increased a smidgen, so I'm thankful for that. As such, does anyone want to join me at the Ches…
Even though this happened back in 2012, some things in this town never change. To some in Washington, objectively researched data are inconvenient things..... and hence we have "alternative facts" nowdays.
IMHO the FT is well worth it and doesn't have the same political leanings/coverage as WSJ.
Barrons is, imho, hit or miss -- but if you have excess frequent flyer points lying around, you can probably use them to 'buy' a year's subscription to it (…
Oh well. Had to happen sooner or later, I guess. We'll have to see how long it lasts. Though I prefer the FT anyway and am a happy subscriber there already.
BTW the NYT[1] just launched a thing where new subscribers also get free premium accoun…
Here's the full paper. Note this came out in mid-Dec but Barrons is only now reporting it?
Postelection Asset Allocation Viewpoint
Four Headwinds to the “Trump Trade” the Stock Market May Be Missing
December 12 2016
https://www4.troweprice.com/gis…
Interesting, thanks for the update!
I sometimes wish people (not the OP or folks here, obvs) would make a distinction between "passive" funds that have very low turnover and are quite cheap and "low-cost index" funds that by their very definition a…
Yeah - if you can get a "high number" R-class (ie, R-5 or R-6) w/the AFs you are in good shape. I've got R-6 shares (no load, no 12b1, VERY low ER) in my 403(b) and am quite pleased.
I'm investing in the Balanced fund (class R shares) in my 401k ac…
Welcome back!!!
Thanks so much for all the well wishes. I'm feeling much better, though still a bit sore. The prescription is for ice and physical therapy over the next few weeks. I'm hopeful of being in tip top shape in time for March.
I've held various equity AF's for years in a taxable account (some you mention), my 403(b) is entirely in their cheapest WaMu fund class, and I have been quite pleased thus far with them all. I appreciate AF's investment style, philosophy, and app…
I agreed w/his comments about not forcing equity buys at insane prices or "valuations" just to deploy money. Frankly he said what I've said for years, and seeing him with 35% cash doesn't make me feel too bad when I look at my cash positioning acr…
I'd go with a closed end fund. Look at those offered by Tortoise .. I held TPZ for years, but they have several. You might not get *all* your criteria checked but still should do okay.
