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.
Some snippets of interest ... the rest is comments from investors/analysts about staying diversified and knowing that a 'correction' will come sometime.
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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.
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.
