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.
I always follow the old adage - when you're unsure of what to do, do nothing.
Superb advice, easiest to execute yet hardest to follow at times. Quite the conundrum!
I bought DIVO during the COVID pullback in March. Several years ago, I had spoken with the subadvisor, Capital Wealth Planning in Naples, FL about a separately managed account based on this strategy. Why bother when you can buy DIVO?
DIVO trades jus…
So what? Is that really a good argument against emergency disaster relief?
And please do not bothsides this. McConnell and his party are the only ones causing suffering and death here.
Yeah, Pelosi, Schumer and co. have been easy and practical a…
Thanks msf, very well thought out and I agree. Still, there is that nagging thought I have that "only cash is cash." My concern would be something totally unforeseen that causes a permanent and substantial loss of capital. I guess that's not real…
here is a basic econ review of the tradeoffs, sort of
https://www.nytimes.com/2020/12/10/opinion/trump-coronavirus-relief.html
So what we need at this time is
- drastic and disciplined behavioral policies (mandates, enforcement) to prevent dise…
VUSFX is a taxable fund with an inception date of 02-24-15.
The fund's largest monthly loss was -1.08% during this past March.
Since 2016, VUSFX has generated only two monthly losses (other loss was -0.05%).
Correct, my posts were in reference to th…
I use VUSFX in lieu of a MMF.
I was thinking of starting a new topic on just this issue. I know in my head that VUSFX is virtually certain to be a better investment than a high yield cash account yielding around .66% these days. It's tax free, has…
>> Basically if you're under 60 and healthy there's a 99% chance you'll live.
May be. What's the cite for this?
https://covid.cdc.gov/covid-data-tracker/#demographics is interesting.
Of course you know that QoL is majorly impaired in man…
@wxman123 And you are ignoring my point that by the measures that matter most regarding health, Newsom's covid response has been successful and not at all "pretty dreadful overall" as you stated. Would you admit he has been successful relative to ot…
Additional side effects are surfacing with regard to the Pfizer vaccine that were not observed during trails (individuals with allergy sensitivities at greater risk to negative side effects). This may slow its deployment.
Allergy-risk-Pfizer-jab-TW…
I'm a fan for the "play money" in my portfolio. The key to L-S funds is to exploit inefficiencies in markets where it's getting more and more difficult to do that. Long American Tower, short federal realty as an example. Most would agree that a c…
Never said you were a "murderer," just that you believe some people are expendable and worth sacrificing so the economy can grow, and just as you claim it isn't at all clear that restrictive policies help with infection rates--tell that to South Kor…
Anytime you personalize an issue you stymie legitimate discourse. What bothers me are people who present themselves as objective truth-seers but then resort to the most base assertion, like DeSantis directly killed specific individuals because of "…
@wxman123 Both of you are mincing words to avoid my point and to support your brethren. ..We can debate how bad California has done on Covid in light of its policies
No one is mincing your words except you. You said with regard to Covid death-rate …
Both of you are mincing words to avoid my point and to support your brethren. The fact is that Mark DIRECTLY blamed Florida's "moronic" governor for the death of his friends in Florida who were healthcare workers. He wrote: "I have lost friends i…
@wxman123 - I'm done arguing with you and from now on I'm just going to let you be wrong.
Furthermore you said "Piling on is just an expression of your political views, IMO." Your opinion couldn't be further from the truth. What matters to me is th…
“Richard J. Mollot, executive director of the Long Term Care Community Coalition, told POLITICO. 'Some of this was avoidable, preventable ...'"
Richard Mollot [said] “There was little reason for nursing homes to think they should only take in patien…
"Sorry you lost friends, but in Florida that was very likely a result of choices THEY made, unlike Cuomo who gave nursing home residents none."
Yes, they decided to become doctors and nurses. So stupid.
It was a noble choice, and sorry they were in…
@wxman123 - who said "I don't have any great ideas on how we could have dealt with Covid any better." So you think that denying that it even existed, calling it names (China virus), calling it a hoax and stating that it would just magically disappea…
Jamaica did awesome too....until they realized people needed to eat and opened the door to tourism to us ugly Americans. They did their best, covid tests, temp checks, etc. Still not so good.
I believe it was reported last Covid case in Taiwan was in April ! They were doing something right ! If one didn't stay quarantined & was caught , fine was $33k ? Stay Safe, Derf
It helps if you start with an island with a small number of cases…
dtconroe.
I'm OK with VCFIX but the meltdown of over 18% was too much, even PIMIX was down less than that around 11%. I don't put a lot of faith in Schwab bond selections. I think Fidelity is better and free to all investors even if you are not a c…
>> Covid, and, more accurately stated, the overblown and ineffective response ...
>> ... the cure cannot be worse than the disease. That clearly has been the case with Covid.
Say, since you are articulate and appear to give things th…
How many people did the U.S. coal mining industry employ in 2019? 53,000. https://statista.com/statistics/215790/coal-mining-employment-in-the-us/
How many people are employed in the retail service sector: 9.8 million.
https://census.gov/library/sto…
>> What sacrifices do we need to make to save that half a degree?
You write as though you keep up, but it is clear you do not, not really. There is a lot of work out there, hardcore practical effective proposals, a lot of them by your mocke…
@wxman123 The "strawmen" are John Kerry and Al Gore whose individual hypocrisies have nothing to do with the factual accuracy of climate science or the threat level climate change poses. In fact, any hypocrisies they reveal make a stronger case for …
10 years is too long. PIMIX was great until 01/2018 but its AUM got much bigger than 5-6 years ago, the managers had to look outside their best ideas in securitized and now more HY and EM and the yield is now at 4%.
For mostly special securitized a…
@wxman123
The idea that there is not another side to the climate debate is a real issue,
Sure, there is another side of everything, just not a side that exists in the realm of rational scientific study in the case of climate change. One can stil…
I'm still licking my energy wounds. A few months ago I sold out and moved the funds into SZC, a CEF that used to be energy focused but is now shifting to more of a mix that includes renewables and infrastructure. The discount was massive at the ti…
Over the last 10 years the best performance and Sharpe would have been delivered by PTIAX and PIMIX, and with no down years. Hard to recommend others when we have these (agree PIMIX is not doing so great lately, so will need to watch).
@wxman123 You are confusing scientific facts with opinions. The planet's rapidly warming climate doesn't care whether you're a Democrat or Republican or whether I'm a "elitist" in your opinion or not. But then again, it is well known that facts hav…
You may have guessed from my user name that I might possibly know a bit about climate. And, I'm a nature lover to boot. I have not denied the science, but follow it closely. My point is that the measures suggested by Politician's, like John Kerry…
I also find it instructive that your clever (but paranoid) author compares sea levels now to how they were millions of years ago, and notes the danger lurking therein. That's the real point. No one knows what the future holds. If we have a few vo…
Lewis, you are an elitist employing the common strategy of belittling other points of view. You think because you found an eloquent summary of your alarmist case there is no other point of view? Yes, I know that is what you think yet there is not a…
Low interest rates are an unmitigated disaster for retirees. It is indeed causing a reach for yield that will probably not end well. I think like all cycles this will change, probably when few are looking. Now would be a good time. Here's to hop…