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.
Interesting question.
CPI/PPI release dates have been market movers all year, but usually not so much until their actual release dates and the aftermath, and usually to the benefit of LCG, Tech and MAG7, NOT the RUT.
If it was a run up yesterd…
Here's The Barron's Daily take on her letter to investors:
Cathie Wood, the architect behind the ARK fund, has a delicate task in her latest letter to investors. The fund came to prominence with big gains in 2020 when the broader market was tanking…
...
When I started my taxable position in SMH back in February (thanks again @Stillers) I started small. The way it grows, it won't stay small long. And if there is one of those 30-35% down-drafts in the future, I won't be too bummed out to double …
...
How long can Tech lead?
Historically, quite a while, e.g., see 2017-2020:
https://novelinvestor.com/sector-performance/
And, looking forward, who knows?:
https://finance.yahoo.com/news/why-nvidia-could-be-headed-for-a-seismic-moment-another-3-…
...
It's down to FDSVX or PRWAX. Tip of the cap to @stillers for drawing my attention to funds I had missed.
Thanks man! We've built what we regard as the best portfolio we've ever had in our 40+ years of doing this. FDSVX and PRWAX are core holdi…
Tough choice for us between FDSVX and FBGRX but settled on the former. PRWAX is one of the most underrated LCG funds. We would own any of them over AMAGX.
Other thoughts:
Not sure of your situation, but if this is new money, might not be the be…
"Simplification" of the IRA continues. Why the scare quotes? Every time I make progress on the equity side there's some new bond fund popping up. Cleaning up that mess should be next summer's problem.
Today I sold three different tech funds, TDV, F…
OP,
As I mentioned, ...
Great attempt at pivoting from the cold hard facts of long-term historical performance.
And, got it.
Simply ignore the so called "supercycle" in stocks from 1980-2000 and concentrate solely on gold's outperformance of…
Despite the notion of a "false sense of security" in the US markets, the S&P is UP 8.7% and NASDAQ is UP 14.1% since the date of the OP. Here's hoping no forum participants acted inappropriately on that notion!
@Edmond: "Go to portfoliovizualizer.com. Run a asset comparison from 2000-current. Gold has actually outperformed the S&P."
Ugh, well that's a great place to start your (cherry-picked) comparison period, right at the start of "The Lost Decade" …
Do you hold gold mutual funds in your portfolio?
Not currently. At one we time owned PRPFX. We also previously traded GLD and GDX. There are just so many more reliable and less volatile ways to make money.
EDIT: We owned them back when we tr…
Um, you missed my point. But worse, you seem to have twisted what I said.
"6% in six months would, in any other year, be considered an excellent performance. It is only in comparison to NVDA or QQQ that OAKMX looks bad."
I DID NOT compare value s…
Waiting for the period when Value beats Growth is akin to waiting for the next correction or bear market.
Think Peter Lynch.
NOTE: Don't be fooled by the performance of some LCV funds this year. Under the hoods of many of them that have perfor…
@Derf
Can you summarize the Schwab offer brackets? I’d be interested to see if my Schwab rep would match even though I didn’t get the email. Thx.
https://www.schwab.com/investor_reward
Here's how Schwab Investor Reward Plus works.
Make a qualifyin…
Sold shares of two VG index funds yesterday and today to bring Market Portfolio stock allocation down to low end of range. Parking latest proceeds in VMRXX paying 5.29%. Swung for the fences in 1st half of 2024 and did better than projected. Simpl…
@BaluBalu
NEAGX was an Explore fund for us that never made it over to the Core side. It is loaded with volatile SC technology and we were looking for a simple way to reduce overall Market Portfolio tech exposure and volatility. So yeah, pretty much…
@BaluBalu
I provided as much detail as I ever have/intend to provide online about our portfolio at this thread:
https://www.mutualfundobserver.com/discuss/discussion/comment/177280/#Comment_177280
Here's an update to our Market Portfolio (MP) after…
Further reduced stock exposure today by about another 10%, while slightly reducing Tech and MAG7 allocations. Reduced FSELX allocation by about 1/3. SOLD entire position in NEAGX. Parking all proceeds in FZDXX for the time being. Now down to 11 OE…
There are so many great domestic LCG funds. EGFIX is not one of them. It has earned its M* 2* rating. Its 1% ER alone, especially for an Inst share class, is enough to Just Say No to it.
Take a look at any/all of FCNTX, FDSVX, AMAGX, PRWAX. I'd…
Reduced stock exposure by ~10% and bonds by ~half via sales this week of our two allocation funds. Some proceeds were moved over to CD ladder while the rest were parked in FZDXX for future re-deployment. Just booking some profits and trying to avoi…
@stillers. Perhaps another universe is oddly phrased, but my financial life would be entirely different if I had a pension check roll in every month. Many decisions would be looked at differently.
Oh, now I get it!
And agreed, our collective …
Nice chart in this article:
https://www.cnn.com/2023/09/07/success/pensions-retirement-savings-explained/index.html
https://www.investopedia.com/articles/retirement/06/demiseofdbplan.asp#:~:text=Key Takeaways,to manage than pension plans.
https://…
@stillers,
While I am not directly invested in the AI theme, I would appreciate you telling us when you think it may be time to get off the semi-conductor or Nvidia trade train (or when you sell). I know from your posts that you are directly inves…
Thanks for posting. I have always thought that retired folks with pensions lived in another universe compared to the rest of us. I wonder if most pension recipients pay much attention to what is going on behind the scenes at their fund?
Me and the…
In think what @baseball_fan is asking is if there is a potential fraud involved in Nvidia's revenue recognition? I would venture to guess there is probably some creativity involved (let us say, no more than 5% of the revenue) but within the bounds …
We have been retired 12 years with the anniversary date in June. We use what I refer to as 5-yr, Model Retirement Portfolios (MRP). We are thusly two years into our 3rd, 5-yr Model. Each has been significantly different in composition.
The FED …
FWIW, I tried earlier this year on this forum to stir others to participate in Semis and the MAG7, but with little success.
Might be worth mentioning that many of us can read the tea leaves, but just don't chime in about it. Semis have been really…
And the answer is , ""He who tooteth not his own horn, the same shall not be tooted." Fancy talk, sure, but he's trying to tell us that, if we don't acknowledge our own accomplishments, then no one else will, either."
Thanks man. Got it!
Kinda lik…
All I thought I did in the post you quoted was attempt to respond to the OP about our market participation level and briefly specify how. That ain't bragging in my books but YMMV.
@stillers, you may not realize it, but you do pretty much brag in ev…
To clarify, I fully agree that CP CD rates are compelling in relation to other FI options. I've Just Said No to bonds for the foreeseable future thanks to CP CD rates being well over my threshold to ditch bonds.
Carving into the respective CP CD ra…
FWIW, I tried earlier this year on this forum to stir others to participate in Semis and the MAG7, but with little success. Much better success elsewhere as many on another forum jumped on board the FSELX train early this year.
"He who tooteth …
IMO, the most compelling CP CD rates are at 5 years. This is a moment in time that will pass far quicker than many here think. Not sure what is compelling about 1-12 mo rates when Prime MMkt funds are paying just about the same and provide full fl…
Scoring at home, a distant 2nd best day of the year today to Feb 22 when NASDAQ blew its top so to speak. But getting excited/enraged about any one day performance is generally not a good use of an investor's time.
And yeah, we're participating. …
Or, if I took the time to learn how to post a meme, there might be a pic of a dead cat bouncing on the pavement below this :)
Why, if you could, would you post a meme of a dead cat bouncing in relation to today's market action?
https://www.investo…
Hey, Mike. I think we've chatted about this but just in case not...
~10% of our stock exposure is in Foreign which is our standard allocation.
Most of it comes via GSIHX, then secondarily via PRGSX, both NTF at Fido.
We were unaware of GSIHX …
Sorry for the delay in getting back to the OP questions about my comments - a LOT going on in our lives right now.
Briefly, suffice it to say that my opinion is that Commodities (generally) are NOT a LT hold, but instead a sector play that requires…
Both OP funds are worthy Conservative Allocation funds but vastly different. We have owned both for long periods of time since 1980 but own neither now, and have likely parted ways with both permanently.
If choosing between the two, we would cho…
Commodities is THE ONE sector that stands high atop my investment No Fly Zone.
I've tried to gainfully invest directly in the sector a coupla times since 1980. I have NEVER outperformed the S&P with any commodities investment and I have usua…
"We had previously owned OAKMX for several years. Very good fund - not sure why we ever parted with it."
Possibly it had something to do with the WaMu debacle.
Cha-ching!
