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.
There is nothing wrong with cheap int’l index funds. They provided over 30% total return that cost several basis points. We use broad based developed market index funds as the base. For EM, i prefer actively managed funds for their stock and region …
"Did bitcoin ever get that high?"
I couldn't find satisfactory data which showed the greatest cumulative returns for Bitcoin.
The all-time high for a single bitcoin appears to be within the $126.1K - $126.2K range.
That might get you the broom clos…
From Markets A.M. newsletter by Spencer Jakab.
On this day in 1637, “Tulipmania,” one of the first and strangest speculative bubbles,
hit its peak in the Netherlands, with the price of the rare Witte Croonen tulip bulb
up 2,506% in 33 days.
Commen…
In the taxable: Bought a chunk of FSCSX equal to 15% of this morning's market value. Looks like that percentage could drift a little higher by the end of the day. I am in a position to add more if the downdraft continues. When I looked yesterday the…
All of the biz-page ink I've seen this afternoon is going @yogibearbull's way. Worries about over-spending over-investing have receded from view.
The questions I ask myself are how many, and what kind of, companies want to rip out all the stuff th…
@WABAC: from the FAQ section at militiaetf.com
,, The management fee is 1.3%. This is the only part of the expense ratio that goes to Militia Investments. The rest is in a category called “Dividend Expense, Borrowing Costs and Brokerage Expenses on…
You mean like a cabaret show in a casino? Place your bets! Still waiting for the main act to show up, though.
Currently, US equity markets are only a few % off the index highs.
"...you just ain't seen n-n-n-nothing yet."
More like somethin…
Software has been hurt by potential coding capabilities of new chatbots. So, it has become a counter-AI sector - seems counterintuitive.
That's what I'm wondering too.
OTOH. I suppose some of it also has to do with Mr. Market wondering about the p…
PMAIX is a very boring global allocation fund and of the Seven, only has Amazon in the top 25 equities owned. It is one of a very few allocation funds to come out of 2022 in the green. @LynnBolin may own it. I'm pretty sure he has talked about it in…
"I remember Tom Lee as one of the better writers at M*."
Tom Lee is a Wall Street strategist who co-founded Fundstrat Global Advisors.
You may be thinking of Sam Lee who was at Morningstar before founding Severian Asset Management.
https://svrn.co…
@WABAC: I agree about the apparent elevated ER of ORR. The manager posted a very cogent explanation on the Militia Capital website, pointing out that the real ER is in line with other active strategies. Lack of track record for the ETF bothered me b…
@WABAC: I still have large positions in OSTIX and CBLDX; thinking about reducing the former. I could see room for NRDCX given its decent start. For the last several weeks I have been replacing some equity ETFs with ORR, especially on down days. I'm …
Buying VEA on the dip with gradual selling of VOO and PRWCX. Otherwise, we have been adding NRDCX , PYLD, and cash.
@WABAC, we are reducing junk bond, PRFRX lately. Still evaluating OSTIX.
Since I bought OSTIX last fall they've been shortenin…
In the IRA: Sold OSTIX. Proceeds will be split among ALVIX, FMIEX, EISIX, FMILX, and a new position in GLIFX. At the present time I plan to limit my number of equity/sector funds to five. We shall see how that goes. However, reinvesting the proceeds…
The people driving this don’t give a damn about the average investor. They’re saying,
‘This is the biggest pot of money that we don’t have our fingers in yet, so let’s go get it.’"
It's hard to conclude otherwise.
Well. It's not some government bureaucracy that is trying to run our economy. It's our president pulling stuff out of his . . . hat, as his senile moods and grievances strikes him.
The IRA was in the red at .09% on Friday. Players in the green were ALVIX, THOPX, FMIEX, and VNLA. Debbie Downers were EISIX and FMILX, though they weren't the only losers. Several players watched from the bench.
For the taxable, participation tro…
In the IRA: Sold FLOT. I'm not seeing the need for a floater at the present time. And it's not doing anything better than some other things I'm holding. So I will replace it with NRDCX.
OSTIX and HSDIX are under scrutiny on the sell side of the IR…
As if "apologies" even happened. Our preening Secretary of the Treasury teed it up for Carney.
Carney says Bessent full of beans.
Canadian Prime Minister Mark Carney said Tuesday he told U.S. President Donald Trump that he meant what he said in hi…
Americans will just love the new price of toilet paper if this goes through.
But seriously, I'm trying to figure out where the TACO trade is on this nonsense. Earlier in the week Trump was congratulating Canada for the deal. Makes me wonder who got…
Buy Matt Tuttle. https://www.tuttlecap.com/ Buy the flash. Buy the words. Buy the memes. He knows the secrets Wall Street won't share.
According to M* his etf's have generated 1.5 billion in inflows in what looks like no time at all. Looking at the…
VGWIX has appx. 60% bonds, and 38% stocks, of which 22% are US. What about the bonds? What % of bonds are international, if any?
It looks like 60%, but I may not be properly using their widget.
I don't often utilize Active Share statistics when analyzing funds.
Funds which exhibit high Active Share could be excellent funds or the funds could be terrible.
Active Share doesn't appear to be an effective indicator of potential alpha.
Having sa…
I use the free version of Perplexity. So far I can click right past requests to log in.
My experience is similar to @rfono's. I don't need it to write anything for me, so it is mercifully brief, unlike some of the others that seem to feel compelle…
CNBC reporting:
Anders Schelde, AkademikerPension’s investing chief, said the decision was driven by what it sees as “poor [U.S.] government finances” amid America’s debt crisis. But it also comes as tensions escalate between the U.S. and Denmark af…
CNBC reporting:
Anders Schelde, AkademikerPension’s investing chief, said the decision was driven by what it sees as “poor [U.S.] government finances” amid America’s debt crisis. But it also comes as tensions escalate between the U.S. and Denmark af…
If we were really interested in Arctic security we might be building a decent deep-draft base in western or northern Alaska, and a few ice-breakers. Canada has six times as many as we do--18 to 3.
PMAIX is a very boring global allocation fund and of the Seven, only has Amazon in the top 25 equities owned. It is one of a very few allocation funds to come out of 2022 in the green. @LynnBolin may own it. I'm pretty sure he has talked about it in…
I think it probably works well enough for an account like an IRA that must be drawn down.
But then I've never been able to figure out the difference between an allocation strategy and a bucket strategy.
Kitces (2014) suggests that simple static all…
"We went shopping for the $3 dinner and actually found it." (From the WSJ)
Brief excerpt - "A spokesman for the Agriculture Department said it found thousands of meal combinations that would meet its criteria at about $10 a day—roughly $3 a meal.…
And today the EU finally inked the Mercosur deal with Brazil, Argentina, Paraguay, and Uruguay. Probably a coincidence. It would still need to be confirmed by the EU members.
For the IRA I do like to be in funds that consistently do better than peers on the draw-down side. For that I don't care quite so much about the upside. But I'm a few short years away from distributions and not trying to make up for lost ground.
I …
From Markets A.M. newsletter by Spencer Jakab.
On this day in 2000, Federal Reserve Chair Alan Greenspan gave a speech about an imaginary observer
looking back in the year 2010. That future-dweller “might well conclude that a good deal of what we
a…
CNBC reports:
JPMorgan dipped more than 2% after CFO Jeremy Barnum signaled that the banking industry could push back against President Donald Trump’s call for a one-year 10% cap on credit card interest rates. Goldman Sachs followed JPMorgan lower, …
