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.
$Old_Joe - LOL! We did contest and get house appraised $16K down.
If the system was fair, County should be prepared to make cash offer for your house when you go challenge and they don't agree. The issue I have is with the hypocrisy of the elected…
@Old_Joe IMO, something worse than literal 1% phenomenon is going on for some time now. There are folks who are not in the 1% but who THINK they are 1%, aka superior, more deserving, doing god's work, etc, but it does not just stop there. They treat…
Someone cited Billionaires receiving SS, why shouldn't they? Just because you've been successful, it doesn't mean the government should be able to change the rules. Had the system been tweaked it would've been sustainable (with or without adequate…
My freakin' house got appraised 20% higher. Why? There's no way I can sell my house at the price the county is saying it is worth. They are just inflating it to collect more taxes. So much for my county not letting taxes increase BS. I'm really mad …
We are all equal opportunity offenders...
Just one time I want all individual investors to sell WFC. Let's see how long Wall Street banks keep selling it to each other. They wronged the individual. It's our individual responsibility to END WFC. Col…
Failing public school systems...
IMHO too much is made out of this. We need to teach our kids to TEST well. There is a lifetime left for LEARNING. It is about showing up to class first and foremost. My neck of the woods has one of the finest school…
I'm glad Parnassus made a stand. Unfortunately they still made it for the wrong reasons. WF wronged their customers. This is not a "social" thing. It was reason enough to sell WF.
The reason cited now is WF is under federal investigation. So they a…
Gold has been in a horrendous bear market from 2011 to 2015, and all that selling is behind us. So I don’t think there is a lot of selling pressure, and I think the downside risk is very minimal because we’ve been through that bear market.
Huh? Fo…
Hmm...so its not Auto Loans that are in subprime land anymore, or Student Debt.
Stupid question - In a downturn lot of things would run dry, yeah? Anything which does not have incoming assets, but only depreciation, e.g. retirement accounts of reti…
Something tells me Obama is not too thrilled about it.
Imagine someone detected a virus. You want to virus to be named after you or the cure?
"It is just like Obama"...what nonsense. Sorry, my I'm not buying. This guy is not respecting Obama.
Two things.
First "served in Vietnam" was a very specific thing to say instead of "served in the Military". Consequences should also be very specific.
More importantly, the ONLY the only real message to take away is you don't have to be born to A…
Bill Miller was contrarian right? "Value Trust". No Value. No Trust. Basically opposite of what you should do.
If you don't do what you are supposed to do, and lose investors money, you take the walk of shame. If you outperform your category taking…
Would be good to know median pay increase for worker. Yours truly's salary in most recent job over 7 years is a grandtotal of 5.5%. So you can figure how much it is per year compared to the 8.5% per year for CEOs.
Sometimes I wonder why workers do…
Not sure about the if/what/why of the "data feeds". As far as usable website is concerned this is the problem between "Computer Science" and "Information Technology". The former is based on facts and logic, while the latter is almost entirely based …
Two thumbs up. She's from very close to my neck of the woods.
However, I am not sure where you get her father served in Vietnam. She assumed the last name of her mother and her father was an Indian Musician.
This is the reason I swore of narrowly focused funds long long long time back.
First you have a small universe.
Then you go nuts within that universe.
Bah!
You know the Wasatch Crowd seems to be a very happy family. The split/join/cojoin/etc with utmost camaraderie. I cannot recall an amicable separation at any fund company. Wasatch, Grandeur Peak, Rondure, and now Seven Canyons. Most "fond"ure.
The key to getting them out of the house is to teach them how to live off other people's labor: https://theguardian.com/commentisfree/2017/mar/30/wealth-banks-google-facebook-society-economy-parasites
Thank you for this article. Good to see what you…
The whole point of self-driving cars is it is supposed to save lives.
There are two kinds of AIs in the "benefit society" category. This is the category where Google Maps monitors traffic and changes directions on you automatically to find optimal …
@VF
No where in my post was it noted or insinuated that anyone out of work is a slacker. The point is that anyone who wants to work can if so desired and just because that person has some type of career does not mean that he/she cannot do any other …
@fundly Anyone cannot do any job. When you get older doing what you are for 20 odd years, and lose your job, you can't go and change tires. Not that you couldn't physically do it and not that you can't learn, but because you are looking for a job th…
Totally agree. All "problems" are "economic". Frankly I don't even understand what the big deal is. Tell the Royal Family (sic) their kids have to move out.
Just curious. American Beacon hires outside managers I think for most part. Are you researching the managers or are you trusting American Beacon's ability to find outside managers, or something else. Asking because both funds you found are from Amer…
Right now if you asked me who will be President in 2020, I would say Trump. Same reason Kerry lost to Bush in his second term election. Stop talking about the incumbent and tell me how YOU will do things better. Besides at this time WHO is YOU? In t…
My models told me to allocate 10% from cash to equity in my retirement accounts a couple of days back. THAT is the reason Market is going down. Geopolitics...bah!
But I'm going to use any downturn to look into buying more of what I own in taxable a…
My experience with DCA was not good.
When you buy vs What you buy and Lumpsum, gets my vote, and this has nothing to do with that article. My opinion formed from personal experience.
Also, "DCA" and "lumpsum" need to be qualified. Auto-pilot DCA …
@wxman123. Whoa! Unbelievable chart. Regardless M* willfully ignores, does not miss. How dare you suggest they don't know about the fund!
:-P
I wonder if I should buy. Maybe just $100 at Schwab. Then something will go wrong with the fund. I love y…
If what one wants is two year treasuries, why not just buy them directly? Virtually zero credit risk, zero cost to buy, zero cost to own.
Just missed this month's auction:
https://www.treasurydirect.gov/instit/annceresult/press/press_secannpr.htm…
what is the correct fund to buy "2year treasuries" at Vanguard? I do own RPHYX but would like to park cash across the "risk spectrum" of "short term".
I have a chunk in Vanguard Prime Money Market, maybe I can kick it up a notch.
>> those who are able to take SS, take it as early as you can.
I suggest, those who are able to take SS, take it as late as you can afford to. It does take inflation into account --- huh? "Just statistics" is a wonderful. msf and others have …
Discard the past half year (since October), and the two funds are neck and neck. Since you have long lamented how ARTZX has been treated, certainly you lamented that back in October.
Actually I've been lamenting ever since Artisan announced tappi…
without "lock box" SS will go bust
but I wonder if someone like Bernie Sanders becomes President, what would we do?
would he use current surplus (until the time surpluses are there) toward Medicare?
will he adjust SS taxes lower/higher to match exp…
@msf - I should have clarified. I have heard many people on Financial Pron TV claiming Buffet does not claim any SS / Medicare Benefits. Clearly your quote directly attributed to him overrules that.
However, I still want to know if he's actually ta…
The point is "over its lifetime" is convenient way of masking alleged ability of a fund manager to navigate the "bad times". Most "star mutual fund managers" basically make hay while the sun shines.
The point of showing the chart was ARTZX perform…
@VintageFreak Why don't you expect it to be around? When do you expect to retire?
Yes, I'm sure you'll be fine financially with or without it, but it will definitely be there for you. You might as well look into it.
I expect to work till I drop a…
