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.
@msf is correct IMO. It's because of cheaper memory why so many "stupid" ideas are now "genius". Nothing really changed in the "intelligence" behind the idea. It's not like a car from 1920 was improved upon in the year 2020. The idea behind neural n…
Even JR has a quota to meet. It's written in his retirement contract.
Last July, I saw a dog crossing the street.
This July, I thought I would see a dog again. Except I saw a cat.
Some Julys' you see Dogs, other Julys' you see Cats. Most of the ti…
Can it simply be the BS around AI is catching up all around? We see too much money spent on Machine Learning, BlockChain and other crap with no real explicitly stated goal other than to sound "cool" and "investable". The world of IT such as it is - …
@Tarwheel. You nailed it. You want kids to do "what they want". Well, sometimes that does not work out and you lose the "safety" of traditional options. Everyone can't manage to collect peoples personal information because they can't get a date, and…
@catch22 :-) And what's new?
IMO reason more children need "assistance" today is because they get BS degrees (that reads just like it sounds...BS!), because they think eventually they will have a career in "IT" anyways and it doesn't really matter.…
The only reason advisors are frustrated with clients offering money to adult children could be it reduces the assets the advisor is managing, possibly curtailing fees.
Parents should be frustrated they have to bailout children (who I hope are deser…
Amex bumped from 1.65 to 1.75.
By the way, Prestige CU in Dallas has a 3% Checking Account IFF...
...Direct Deposit >$400 per month
...15 transactions per month
You can collect 3% on balances upto $15,000. I did this once with another bank that…
College is already not accessible. That's the reason we have a student debt issue.
It is MONEY that is easily accessible. Someday it will literally translate to indentured servitude.
I tell my kids, I'm not giving them college education. I'm givin…
That didn't come out right.
My point is If anyone bought say QLENX 3 years back, she has no trouble holding onto it for the "long term". If one bought it in Jan, it is hard to hold on to it.
Easy to criticize investors for "buying high and selling…
Ok good. So timing is important. People who bought it in last few months, would be good to know what they are doing now. "Long Term" has different meaning when your investment is down 8% in 6 months. An investment that's NOT supposed to do that.
I'…
Can you buy, and "break" CDs if you want online and instantaneously? Then I would do it. I want liquidity so forgoing the extra interest on even 6 month CDs. Unless I can do what I asked in the first sentence, I should also be investing in CD. 6 CDs…
It is people WHO are old WHO are not prepared. It is THEIR fault, yeah?
First of all they have no business living so long. If they didn't, the United Nations wouldn't be able to pen a "politically motivated" article.
Blame the guy who doesn't ha…
HOBEX yield is 3%. RPHYX is 2.3%. RSIVX is 5%. And VMMXX is a "risk free" 2.0%.
I am all bonded out. So not buying HOBEX or ZEOIX for that matter. If interest rates keep rising VMMXX will keep up with it. Just does not make sense to me to go furthe…
His Assness needs to explain performance of QLENX and QMNNX. Why they matched S&P 500 trajectory when the going was good, and why they are suddenly sucking wind this year.
Makes you wonder if these funds are really doing what they are supposed …
@Gary. Yup. People buy online because it's cheap.
I'm just sick and tired of Digital This Digital That. Let an item cost same amount of money in the store and online. Then let's see how many people still want to wait for item to arrive in mail vs g…
Unbelievable.
However, let's accept one thing. TCW had alleged Gundlach was pron addicted or something to that effect. If Gundlach funds had performed badly at Doubleline, it would have become bigger issue. Gross' performance has been gross, and th…
I really do think online purchases should be taxed. I know it costs more to the consumer. However it is an unfair to brick and mortar stores.
Let them compete at other levels.
The only TRUE bond funds I own are RPHYX and RSIVX.
If I feel "secure" and if interest rates hit 4% I might consider buying treasuries directly and holding for dear life.
Stupid question number one. How can the prospect of rising rates with falling bond prices be better for a diversified (sic) portfolio than cash instead that does not drop in price?
I wonder who it was 30 years back when interest rates were quite hi…
@Old_Joe. Sorry. I just get so mad when I see such articles. Everyone but the ones who should read them are not. They are simply a way for the "smart" guys to aaah and oooh and lament the problem of millenials. !@#$%^&*
Such articles don't do s…
How does it matter? Millenials are stupid. Just like their parent's before them. The parents were also asked same question. And they also couldn't answer those questions. I am trying to recollect by what name they called the parents. I think it was …
@davidrmoran. Haven't you heard about reverse racism? Harvard found out and is trying to combat it. It's quite blatant you see. So Harvard also has to be quite blatant about it. So now we have no issue. Just like if there was no racism, then there w…
Under the name of survey if I get the remotest inkling it is excuse to get my personal information...that's it.
I did not receive any survey from VG though.
Reducing Asians at Harvard is egregious racism in the name of diversity? Aren't Asians supposed to increase to make student population diverse?
Oh wait...after Mexico, now we have a Chinese invasion...
I've trained myself to NOT ADD Salt in any food I eat. Kinda like cultivating taste for beer. Frankly, I did it when my mom was unwell and was not supposed to have any Salt. So I said, "You will have it because I will also have it without salt". The…
@expatsp - I disagree. I can say one of 2 things. You ARE smart enough. OR you don't need to be smart enough. The problem is your last name is not Gundlach or Gross or Miller or Blockchain so no one will listen to you.
Yeah, but that was waste of time anyway. You just had to get to get past the fact that no one use words like "serendipity" or "procrastinate" in daily conversational english. They just want to know you can act sophisticated when needed.
In real li…
