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.
So I was curious enough to look at VEOIX. For starters, it holds 19.4% of assets in the yuan renimbi. Darn near 20% of its equity exposure is to China. *
Just looking at sectors, VEOIX isn't wildly different from GRID in its exposure to industrials…
VRIG, USFR, are the main ones. THOPX, FATRX and FCFAX are another leg on the stool, and a dip of the toe into longer durations. Then there is whatever is in FBALX and PRWCX.
My dad used to warn me about breathing a scab on my nose. Took me a while to figure out what he was saying.
Come a little closer and I'll just tear you a new one.
Tough talk cowboy.
And you wonder why you can't get good service?
I am glad there …
One must always ask the proper question(s) to expect the proper answer. A major starting point.
Naw, how 'bout I just reach through the phone and tear you a new one, instead? B***h.
You're flipping out.
People in that condition are hard to help.
If you like a good story, I suppose the crash and rebirth of GOODX is an interesting one for a magazine that needs subscribers.
If you're looking for a fund that is darn near 50% financial services, here's your ticket.
I just bought AMAGX for the…
One must always ask the proper question(s) to expect the proper answer. A major starting point.
Mostly true, if you're dealing with humans.
But I have read the same reports about banks that Yogi mentions above.
This is turning into one of those avocado-toast threads.
I find that phone service depends on who I'm calling. Some is just fine, if you understand they have certain scripts they have to go through first--depending on your problem. Some is better…
@Crash, well, maybe the next time he has a customer transferring an account from TRP he'll ask the customer to provide a statement for each account. When I transferred from Vanguard to Fidelity, that was the first thing they asked for. For one thing…
..... A week later. Still, we wait, even after providing the Statement they requested from the soon-to-be-former account at TRP.
Smooth. Easy. Quick? Efficient? No, on all counts.
Which side is the problem on?
@BaluBalu, I am now at around 70% equity in the IRA after living at 75% for years. The main change has been switching cash to bonds. I haven't noticed any major change since last October. I suppose some part of it must have to do with increased retu…
Proceeds from the sale of DSEEX in the IRA went into VRIG to get bonds back up to the 30% neighborhood.
I have enough in USFR to suit me. I'm not wild about THOPX, FATRX, or FCFAX. I'm not interested in anything junkier. I would rather be reducing…
Agree @WABAC. I was just pointing out the chatter that CD's were called once in a lifetime investments that you would be crazy to miss out on and that bond funds could never return those CD numbers. Maybe you don't remember those posts, but I do. Bo…
@MikeM. The equity portion is covered with swaps. From the prospectus: The Fund expects to use only a small percentage of its assets to attain the desired exposure to the Index because of the structure of the derivatives the Fund expects to use.
The…
Sold DSEEX out of the IRA today.
I have no complaints with the fund. But it's a fee fund at Fido. "So long, and thanks for all the fish." It was 12% of my bond holdings. Now I need to figure out how I want to rearrange the chairs on the bond deck.…
Adding to Pressup's comment: The adulation for CDs is turning into lost opportunity cost in hindsight. Not the once in a lifetime proclaimed by some. Take a MFO favorite RSIVX bond fund for example: up +9.3% the past year. 3.4% in the past 3 months.…
@BaluBalu, conservative portfolio, low standard deviation, low Beta, low R-squared; and not dissuaded by M* calling it a Derivative Income fund.
Here is what the prospectus has to say about that part of their strategy:
CWP seeks to lower risk and e…
@BaluBalu, small position in GRID was deliberate. In my strange mind it is paired with FIW as part of my utility basket, where the main player is FSUTX.
GRID has blown past the price I paid in November 2021. I also bought in July 2022. I have thoug…
Lipper categorizes DIVO as an equity-income fund. In that category it is an MFO "Great Owl." At the present time it is writing calls against four stocks in its portfolio rather than the entire S&P 500.
For me, JEPI does not have enough of a tra…
The options market is big, opaque, listed, Over-the-counter (private transactions), complex and because of the option expirations, constantly changing. It's hard to get a sense of just the trees, let alone the forest. Huge doses of humility are call…
Crypto mining (not dying) uses up a lot of power. Now, AI uses a lot of power. As humans do less manual work, more power is needed. What I have not been able to figure out is how to invest in this growing need and letting PRWCX and BRK invest in …
@WABAC, just curious, how many funds do you own?
Down to 35 In the IRA, and only 27 in the taxable. There are at least 12 funds I would love to cut from the IRA. When the rate environment gets a little steadier, I'll be able to consolidate in that …
M* tells me the average duration on bonds in my funds is 1.94. And that's after including VWINX, VWELX, PRWCX, and FBALX. So that might say something about how I feel about interest rates. :)
As for macro calls, I definitely pay more attention to…
@WABAC,
You have been busy!
FWIW, when I learned about XMHQ from you, I sold my FSMEX and bought XMHQ but I know you already own a lot of XMHQ.
Do you mind sharing your thoughts on why you chose SYLD at this time? Thanks
I already had a position…
Cleaning house in the IRA.
Sold VWINX. Had it for a long, long, time. Oh well. Proceeds will go into PRWCX and FBALX. I still have VWELX until it benefits from those falling rates we keep hearing about.
Sold PARWX. It's just not the fund it used t…
Ain't that the AI already?
Reads like kids trying to fill a five page book report, if kids even have to do that anymore.
So what we get is AI sounding like people in their late 60's, or older, that had to write book reports in grade school.
Any…
There are a few pilots on the board. Have them log, hmmm, 10000 hours in the air with the rest of the board, and several layers of management. Would probably be best to arrange this over areas of the west that are sparsely inhabited. Better yet, ove…
A while back we bought the Angela Lansbury 12-year "Murder She Wrote" DVD set. We watch a few every weekend. Good fun.
Quite the wicked creature in Gaslight.
FMILX was a mutual fund. Just dropping X made it into something bad - lookup "FMIL slang". There are several strange or funny or cute tickers, but this didn't seem to be that. While at it, Fido made wholesale changes to format FFxx.
Yogi: Fido chang…
@WABAC: we both hold XMHQ. I was surprised to find SMCI as its top holding. Surprised because the same stock is the top holding of two of my go-go growth funds. Haircuts ensued last Friday.
I read that SMCI is moving to the 500. I guess we'll stumbl…
I have not sold any health care, yet. Would love to sell XBI and PTH, which make up a minuscule portion of the IRA. Still a ways to go before that happens. Bought high on those.
Still having fun with FSMEX. Bought low in the IRA, and lower in the …
Of the ETF's on the Marketwatch list, three are one of my odder watch lists: WTAI and IRBO were both in the red this week. Both are barely showing a pulse YTD. The water ETF's I have on my list have easily out-performed them. EVX and GRID out-perfor…
@PRESSmUP, IIRC, the move to GPU's started with "mining" bitcoin, and stuff like bitcoin. If my memory is correct, it's interesting to me that "mining" never moved the chip market the way AI has.
