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 stopped being a "fan" of a lot of sports. I'm sorry to say I stopped watching all basketball. Someday if and when the NCAA starts paying their student athletes I will start watching again.
I refuse to feed the beast.
@davidrmoran hmmm....if you are making up your own "blend" formula from different single malts, maybe you can share your recipes. Perhaps multiple cheap single malts can produce a great blend.
@rforno - Alcohol abuse. LOL !!! I really need to start a support group for these idiots.
It is complete waste of natural resources if you ask me. Good Whiskey regardless of which part of the world it is produced deserves respect. If you want to m…
Hmmmm ... I tend toward Oban, mostly because I've such fond memories of the town and like the "smallest of the distilleries" sort of story. Sadly, I'm so un sew fis tea cated that I can best enjoy Scotch (or Irish whiskey, which for a long time had …
Even with water the peaty whiskies are too much for most. I sometimes add a drop to a whole bottle of something more Highlandy.
Yeah, I guess. "Peaty" I get. "Burnt Smokey" I don't. In any event, if one is saddled with a bad whiskey and is not rich…
VF: As for good rum, I can recommend Ron Abuelo Anejo 7 year. Extremely good. Graded A- at $20.00 by Drinkhacker.com. It's a Panamanian product.
https://www.drinkhacker.com/2009/03/10/review-ron-abuelo-anejo-rums/
Serendipitous! Was about to go purc…
I have long lamented I'm no 007 (except when it comes to chosing stirred and not shaken). Recently I sold my DLRFX in my IRA. My heart and my mind seem to be finally coming together after reading so much about interest rates, bonds, income whatever.…
Okay, but gambling with OTHER people's money should be a crime. Just calling it speculation should not excuse it.
The stock market is licensed gambling. No one will refute that. However there are certain rules which should govern what is right and…
@crash It is pronounced Le-Frogge. IMHO it is not worth the price. It is extremely "smokey". You actually think you are drinking burnt wood. I wonder if they sorta burn the cask before aging the whiskey in it. It is one of those things - you either …
If Shadow had posted this article, I would have believed him :-D
However, I have to say this was much better than predictable "Trump resigns the Presidency" idea so many had yesterday. I actually sent out an email to my friends to tell them if they…
@bee. Yeah I think I heard someone say this on NPR couple of weeks back. Stock Prices have been influenced more because of cheap money funneled into buybacks rather than producing any economic benefit.
But as you know, this time is different. Sure…
@BenWP Speak YOUR truth, and you did, and that's it.
We are giving out degrees, some people are outright purchasing degrees, and hardly anyone is getting a real education. I say real because I really can't shake the feeling some students are getti…
Education unfortunately is viewed as a piece of paper that by itself means something. It is much easier to fool people when your parent's can afford to get you a degree from Yale than from community college. We think all students in Ivy league schoo…
@Old_Joe. So that's why the barista looks more happy than me, eh? Maybe they are actually rich because they own Starbucks options!
On a more serious note, I have a lot of friend and acquaintances. Their kids want the "college experience" away from …
Didn't know Yardeni was still kicking. Unless I'm mistaken he joined Oak Associates for a while, but I could be mistaken. Not sure what he is famous far in previous life. He still seems to me milking his name well.
Anyways, not sure how to use the …
Hmmm...okay. Disbursement means not delivering the proceeds right? I hope we are not saying brokers can simply wait a few days and sell shares at a price conveniently higher and deliver proceeds with a price inconveniently lower to the recipient, al…
Congrats...Hell of a town to get an aged steak and hopefully a college degree.
Isn't Austin, TX where Yacktman Funds are located...Internship?
Hah! I didn't know that. Didn't even think any mutual fund would operate out of Austin. Good find.
I t…
It is really ironic. U of Michigan Ann Arbor is such a good school. My wife still laments getting rejected from grad school there. It sort of crushed her until she got a reasonably good alternative.
People go to Ann Arbor, then get out. Really sad.
VF, not all of them. I found many of the new engineering and science graduates I encountered as I reached retirement to be amazing. Talented, self-confident, composed, curious, innovative, dedicated. No different from the top of the previous generat…
Jokers with Bachelor's degrees are still Jokers. They are actually worse because they also want to get paid more. I am frankly appalled by the "be what you want to be" crowd which enables Universities to cater to individuals running up college debt …
@rono I walk around my neighborhood. I see "down with socialism" signs in the yard next to the American Flag. These are all retired folks on Social Security and Medicare.
It's all about "marketing" to the "fears" of people.
Not sure if anyone wat…
I think emerging markets up like 25 - 30% in last 6 months. Whatever rudimentary understanding I have, unless $USD breaks down meaningfully I don't see any point in overweighting emerging markets. I have some positions which I'm looking to repositio…
@MikeM. The question is - Is it a Ponzi scheme or not? Forget the fact I don't invest in individual stocks. I'm not going to invest in something on first principles even if I know I'd make a killing on it.
So is it a Ponzi scheme? Or am I mixing VR…
Brandywine. One of the most overrated fund families of all time. You know I feel at least Janus has some shame. I don't see their managers appearing in print articles. I can say that about Oak Associates too. They are quietly going about their busin…
I have a bunch of "income" funds in my IRA where I don't quite use my ANALysis to manage. ETNMX is amongst them.
Speaking of high yield, I read article recently, high yield funds will do better than intermediate bond funds. Will try find it.
the real news is something else. in the hedge fund world, you don't apologize. It's a sign of weakness. then when you do apologize it is not because you rid yourself of your ego. It is because that's the only way you might be able to stay in busines…
@LewisBraham Personally I think Annuities are evil. They are one of those things that should not exist. Like Financial Advisors.
And I really didn't mean insurance they way you are suggesting it. Just like you are saying since we are in 8 year bull…
Just trying to understand. I should give POA to my wife and she to me? And then together we should give POA to someone else?
I've designated my children as beneficiaries of my 401k, IRA ater my wife, that is not enough?
And then if I have a WILL t…
@BobC. Come on now. :-)
I think Gross is allowed to have an ego, however gross that might be to others. If PIMCO was oh-so-righteous, they should not have settled. Settling for money might be excused for not wasting money in protracted legal battle…
@catch22. This thread has gotten so long, I missed it. I think we should have different threads, i.e. WF Fiasco March 2017, WF Fiasco April 2017, etc. And when I see pigs flying out my windows we will have one final thread - WF Stops operating as a …
Basically an out of the money put option is cheap insurance that only pays off if the worst happens. It is the financial equivalent of catastrophic insurance. It will do nothing in a normal market but if the market goes down 15% or 20% it can save y…
I want someone to post numbers of new accounts opened at Wells Fargo vs number of accounts closed. If the former is higher, THAT is the real issue. Of course if the latter is more than zero, that's a problem as well.
People leave an underperforming…
@Old_Skeet I do the same every March, June, September, December, and not reinvesting distributions contributes to that along with necessary rebalancing if necessary.
Hmmm...actually I have no index funds in my taxable accounts. I have index funds in my retirement accounts. I consider distributions as income and/or taking money of the table.
Here we go again. When someone raises cash why is it market timing? When your mutual fund manager does that, but you find out 6 months later that's what he did so he could buy at lower prices, then he is a genius. We try to do the same, we are idiot…
