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My dividend focused portfolio had a good day (up 0.6%) with Utilities and REITS leading the way. The inflation rate and the job market are for now both moderating.....that has been my expectation for this year....but how long will that trend contin…
Factoid:
The reshuffle led to some stunning stats. The S&P 500 dropped 1% even as 400 of its members rallied. A version of the benchmark index that strips out market-cap bias surged 1.2%, beating the weighted index by the most since November 202…
In the IRA: Started position in FDSVX. Sold USFR and replaced it with XONE. Sold 2/3's of VRIG and added equal shots of VNLA and GSY.
Sold TBUX. GSY gives a tad more yield for a tad more duration. I'll be hanging onto VRIG for a while longer.
I a…
Buggy whips couldn't reinvent themselves into something else.
But you do have to keep up with the times. Radios were a big deal once upon a time. So were electric typewriters and main-frame computers.
Some things are practically commodities, e.g.,…
It looks like BDAFX is one of the few growth Baron funds that don’t have a huge position in TSLA. Interesting find! Thanks
De nada.
I think Chinese EV's will bury Tesla sooner or later.
I've looked at CEFs for a while, but they would seem to require more expertise than I have. I'd rather in vest in a mutual fund or ETF that invests in CEFs. Even those rather specialized types of funds seem to underperform their associated indices…
"It's down to FDSVX or PRWAX. Tip of the cap to @stillers for drawing my attention to funds I had missed."
If you need further encouragement, I own both. Make sure to check they serve the intended purpose in your portfolio.
Regarding ER, I woul…
Results since 20220101 ("Normalization") dinky linky.
Results since 20200101 ("Covid") dinky linky.
I added the covid period because I will look at the Martin ratios for the funds.
It's down to FDSVX or PRWAX. Tip of the cap to @stillers for draw…
@Stillers, the money was previously invested in tech funds, so moving to growth seems appropriate. Good point about the inflation news, OTOH, if it's good news . . .
I look at the last three years to see how the funds have behaved since the end of …
"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…
@WABAC,
Baron has a lot of funds. Which one do you fancy? When you say cheaper, do you mean ER?
ER, yes.
In this case I am only looking for a LCG fund.
@WABAC, Fidelity has a ton of growthy OEFs and ETFs of their own. Even their own core funds can be growthy. Look forward to your pick.
An Interesting exercise. Four of the candidates ended up being "Great Owls." ILGFX bit the dust first for b…
Always knew that Vanguard got to where it is by being the low cost leader but felt that volumes were such as to permit them to finance adequate staff and technology. Seem to have been mistaken about that. Still hold a couple of Vanguard funds, just…
@WABAC,
Looks like you already own FDVV and FMILX and are recent additions. I think you also already own AMAGX. Why not increase those? GQEIX is also a good fund - not sure if you already own it.
I bought AMAGX for the taxable account because…
"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…
Sold SYLD from the IRA. I will keep it in the taxable. Ninety percent of proceeds went into FMIMX. The rest will be split between FMILX and FDVV.
Almost lost my nerve to buy WCPNX for the IRA, but decided to stick with taking the bond portion of V…
Maybe people are connecting the jobs report to Powell's recent comments that have been interpreted as dovish. It has also been a while since the GOP candidate for president mentioned the Fed, tariffs, or tax cuts.
@catch22, thank you for the readable charts. VTV is still running ahead of VUG as of the last data drop at MFO premium to the end of June.
You ask "is this investment area really a solid 'trend' and/or rotation?" And I am reminded of a recent comme…
New ruling makes it more difficult for regulators to make up laws that benefit their perspective. Y'all's thinking is clouded by trump derangement syndrome to see why this is potentially a good thing.
What is good about selling pardons?
It represents one form of relative performance of USA growth vs value stocks. Growth has trounced value as we all know but in market sell offs value holds up better. Where are we now in that growth vs value cycle? Not at the bottom.
Now that I can …
@WABAC and I saw one purple line on a graph. @catch22 then provided a graph with three lines, one of which was purple and apparently represented value, and allowed for a comparison.
Thank you BenWP. It's nice to be seeing three dimensionaly. :)
But…
Today's Ed Yardeni column is titled : "Soft Patch Getting Softer Possibly Raising Odds of Fed Rate Cut in September & Stock Market Meltup"
Bad news is good news. until...bad news is bad news?
[S]aid Mr. Dooley, “no matther whether th’ constit…
https://ibb.co/6FMD9Zw
This is a chart of Vanguard Growth Fund Price / Vanguard Value Fund Price (VUG/VTV). The moves are ginormous. Will Value reassert itself as Ms Subramanian's models/BAML models suggest? Clearly the charts would say there is a …
Thanks for answering my question @WABAC . I could live with 6.55 return.
de nada @Derf. I'll add that returns have been skimmpier these past few years.
@WABAC " Stared at VWINX, which I have owned forever, and blinked. I couldn't figure out why to hold onto it. Sold it "
Do you have an idea what your annual return was ?
Thanks for your time, Derf
No clue. It w…
With the proceeds from FATRX and FCFAX purchased TBUX and WSHNX. So I have shortened my duration and increased my credit quality.
Stared at VWINX, which I have owned forever, and blinked. I couldn't figure out why to hold onto it. Sold it. Proceeds…
Sold all of AUSF from the IRA. It has some qualities I like, like its Martin ratio since the start of "Taper 2." OTOH, I wasn't wild about the process getting it there.
One of the funds I am considering to replace it is GQHPX. I am also looking at…
Thanks for the link @Mark. I like this from Marks:
Investors should understand that the investment environment and the starting point for investments have a huge impact on their success, and the shorter your time horizon, the truer this is. Albert E…
I learned today that JR from M* has written a few articles on the subject. There is a new article from him on the topic and may be someone can link that article here.
Here's the punchline:
I would not buy these funds. When possible, choose simplici…
As long as we're discussing old movies with a theme, Z seems to be available for free. Haven't watched it yet to judge the quality on archive.org.
I sure loved it way back when. I wonder how it holds up.
Haven't seen the play, but it looks like at least one production runs longer (2:25 + 15 min intermission) than the movie (2:00). That play running length is consistent with a 2008 production described in the NYTimes.
To each one's own.
("Snappier…
In case people missed it, the historical arc of increasing government immunity started with the Warren court.
Now I'm going to go and rewatch a movie I haven't seen in many years about the tension between divine right and the rule of law in days o…
