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Didn't we have this thread last fall? :)
I have already been moving more of the IRA out of money markets into ultra-short funds--or funds with similar durations/volatility. At the present time there are too many unknowns between me and taking on …
SPY sets more records and CGDV is still the YTD winner on my watch list. QQQ has moved up to #5 behind AFIFX, AICFX, and FGRIX. SPY has dropped to #26 on my YTD behind AUSF.
Any dose of Russ Kinnel reminds me of better days at M*.
@msf, what are you using to track those short time periods?
I was happy with VRIG for a while before I purged the IRA in March. SMB Private Education makes me nervous. But I can guess what it is. And there seems to be a lot more Freddie and Fannie …
@msf, I track a lot of ultra-short and short funds by duration rather than strictly by M* category; otherwise CBLDX wouldn't fit.
Aside from money markets, my IRA at this point is basically a ladder of M* standard deviations from BUBIX to CLBDX wi…
My darling has PYLMX in her IRA at her broker. I have BBBMX in my IRA at my broker. Neither broker has both. It has been a while since I checked, but IIRC both held up pretty well during the GFC.
Looking at MFO Premium, RPHIX has the distinction of…
Margin loans come to private markets.
Ran across this blog post from a law firm yesterday. As far as I know, and I'm willing to be schooled, margin debt in public markets is mostly a gamble by individual investors on specific companies. The descrip…
I just dropped QLTY and TCAf from my equity watch list today. Too new. I wanted to add some older funds that turned up in my latest screens.
Expense always matters. Isn't it the single biggest drag on performance?
With small, you have to wonder ho…
I wouldn't buy a fund of funds anyway, but practically speaking, wouldn't the drag on on each constituent be the tacking on of the top level management fee? If you owned all of these funds separately you wouldn't add their ER's to each other, woul…
“The chats shed light on an emerging phenomenon, dubbed AI psychosis or AI delusion by doctors and victims’ advocates, in which users come under the influence of delusional or false statements by chatbots that claim
to be supernatural or sentient or…
TBUX (TRP Ultra short bond ETF) is also doing well, with a 1-wk return of .23%. The 7-day SEC yield is 4.65%.
I'm pretty sure that's 30 day yield, if I read it right.
But now we're drifting from money markets to ultra-shorts. Not that I mind th…
If those folks at Marcus had read the manual for their Xerox telecopier they'ld know that someone has to stand by to answer the fax phone, wait for the tone, then slap the handset in the fax cradle. Easy peasey.
Initiated a position in SOR, a moderately conservative global allocation CEF managed by the same team as FPACX. At a 5% discount and 5.7% distribution, the quarterly discussions reflect a bit more aggressive posturing than FPACX, particularly with a…
In the IRA. Sold a small "starter" position in DGRW now that it is in the green after I bought it last November. I am now around 6-7% equity in the IRA.
Bought FLTR and CBUDX to equal about 6-7% each of the portfolio.
I am eyeballing FSLD, otherw…
M* has another good critique of private markets today.
And private equity deals are micro caps generally. The median market cap is less than $200 million, about $180 million. And again, micro caps as a corner of the public equity market are tiny, ti…
I don't frequently consume beef.
But when I do, I only eat Kobe Beef (grade 5). ;-)
It's quite delicious!
For beef I shop at the local Korean or Halal groceries.
He would probably like to do something about the Institute For Supply Management after their latest report. Per Reuters:
WASHINGTON (Reuters) -U.S. manufacturing contracted for a fifth straight month in July and factory employment dropped to the low…
In the IRA: Bought a chunk of FGUSX to equal 12% of my IRA. I need to start reducing the cash in the money markets. I was going to buy FLOT and FLTR, but got home after the market closed.
I don't see much reason to start going much longer than a a …
Thanks @bee. I'm guessing @Sven might have been thinking about the Fidelity portfolio analysis tool that shows you, e.g., sector breakdowns on equity holdings.
Thank you @yogibb. M* portfolio X-ray was useful when it was available for T. Rowe Price customers. These days it is available only for high net worth customers.
Fidelity brokerage offers a basic tool with limited capabilities.
@Sven, where wou…
I don't mind lower prices either, but, well, never mind.
Anyway, I'm holding on to FSMEX in the taxable. I got a nice price for it in June of 2018, so I don't feel bad about it.
"What, me worry?"
Haven't heard that one in a long time. You be showin' yo age there, WABAC. :)
There's more history to it than I knew. It goes way back. :)
Maybe you need an attitude adjustment- your obvious lack of faith in the advanced thinking of His Tremendousness is very troubling.
Cheap drugs. Cheap prices on gas-saving autos. I'm kinda worried about how many pencils I'll be able to buy. But I …
I have been impressed by M*'s general editorial policy that seems to lean to ringing the warning bell.
I can only hope that people are paying attention to the warnings, and to who is pitching the sales.
Drug companies donate a lot of free $peach. I suppose we're going to find out if it has done them any good.
Just don't use the P word. Ain't got nothing to do with your investments.
This fund was launched in Australia. The last 5 years it has averaged 10.40% per year.
BILT will have the same managers and should have a similar portfolio.
I didn't know that. Thanks for the heads up.
M* Amy Arnott roasts The Gilded Age of Private Equity for the Masses today.
When you hear claims about the virtues of open access to areas that were once off-limits, it’s worth thinking carefully about who’s really benefiting. As passively managed f…
"I don't claim to know which stage the stock market is in."
Well, I don't know for sure either, but I'll put all of my money on "it isn't the Hedge phase", and a whole lot of my money on "it isn't the Hedge phase or the Speculative phase".
:)
