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 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, …
@WABAC
GLFOX? I let it go as well. Seems like a good sector going forward.
I could see it back in the IRA, but the price seems rather steep these days at a PE ratio of 15. :-) But then I would be leaving "simplification" in the rear-view mirror.
Donnie says he’s leaning toward excluding Exxon from his Venezuela plan, saying he was displeased with the company’s response to his initiative. Says “I didn’t like their response. They’re playing too cute.”
No, it's because Exxon's CEO told the g…
So this thread begs me to ask, what is my old PC worth as scrap?
Check the model name and number on ebay. If you built your own you can separately price the RAM, CPU, video card, etc. You might get more parting it out, and you wouldn't have to dea…
If you had bought GLOFX a while ago you would be laughing now to see it running ahead of the 500 these past 12 months.
I have a modest slice in the taxable I bought in 2022. Dumping it from the IRA in the quest for "simplification" was one of the …
Dean Beeler, co-founder and tech chief at Juice Labs, said that a few months ago, he loaded up his computer with 256GB of RAM, the maximum amount that current consumer motherboards support. That cost him about $300 at the time.
“Who knew that would…
I wonder if there will be references to Youngstown Sheet & Tube Co. v. Sawyer. Justice Jackson gets most of the ink:
When the President acts pursuant to an express or implied authorization of Congress, his authority is at its maximum, for it…
In the IRA: Bought a slug of JPIB. It's on sale today. :-). Exposure to foreign bonds from PMAIX isn't as much as one might expect. With those two purchases I have pushed the duration of the bond sleeve to 2.27. I have strapped myself down.
Sold …
This is LMT just BEFORE the close and just AFTER. LinkedIn
Yes, b/c Donnie's out with a big screed about how he (and the Congressional GQP) supposedly want to increase the defense budget by 50% in 2027 to 1.5T ... all the big names are markedly h…
Haha. No it was a 2001 Honda Accord, the more I think about it. So was the early 2000's actually. Probably, it still running somewhere!
Number 1 child drives a 2003 Honda Accord base model we bought used for her to commute to State U. In the Phoen…
...Just a quick alert, here: Schwab SWVXX MMkt. interest offered is now down to 3.61%. Less attractive than before. ...
BBBIX is interesting.
I have mentioned before that I love their sales pitch:
Our active management approach seeks to build low du…
@WABAC
"the result of inheritances" Ah, so there is a rationale beyond step-up basis. And quite a good one.
Over the past 25 years, we have been the beneficiaries of a few small to moderate inheritances. I never really spent any of it on myself,…
In the IRA: Sold BUBIX, CBUDX, and FLTR. CBUDX and BUBIX have fallen behind FGUSX in performance and yield. I'm not sure where the proceeds will go. Watch this space.
FLOT will replace FLTR as the designated floater. It has a higher exposure to gov…
What I have read is that many of the refineries on the Gulf Coast were built to process Venezuelan crude and are currently under-utilized.
The major obstacle would seem to be rebuilding the infrastructure in Venezuela. As you pointed out the oil co…
@WABAC My bad. I was wondering about the rationale of leaving "taxables" to heirs vs IRA.
Is there any reason beside the advantages of step-up basis? Which is certainly reason enough.
It's our version of a "bucket" strategy. The IRA is for spending…
I wouldn't put them in my IRA. But if they help you sleep at night I guess they're working for you.
Why?
Only MRFOX and SGOVX are tax friendly, the others should be in tax sheltered funds because they are not tax efficient.
I would like to add …
We plan on spending as much of the IRAs as we need to. The taxables are intended for the heirs. Until the IRA distros kick in, we do enjoy some dividends and cap gains from the taxables; but nowhere near 4%.
At the present time we aren't making mo…
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery. --Wilkins Micawber
"In a vaguely worded NYFed policy change on Dec. 10—which not one of the major financial news organizations has reported—the Fed flung its vaults wide open to troubled banks."
Powell's new QE announcement on Dec 10 is as loud as it can get. This QE…
Maybe your hamster is also powering M*.
I always imagine the IT folks at M* working in a dripping concrete basement, lit by 40 watt incandescent bulbs on the verge of winking out.
