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 always tried to see at least one horse race at the Sonoma County Fair when we lived near there. But I grew up with horses.
Derby Day is always a good excuse to make a mint julep.
What about the Preakness? Have you got anything good going there?
There's a lot of cash sloshing around out there.
And betting! Look what it did for the NFL.
IIRC, horse racing was the best attended sport in the country up to the middle of the last century.
The IRA was essentially flat but for a dividend payout from THOPX.
There was some green in the taxable from the income-oriented side of my dog's breakfast of deworsification: RDIV, PEY, CSB, FDFAX, VEIRX, and VMNVX
@WABC. Rates will continue to lower if FED independence is destroyed. Seems that is going to happen and sooner rather than later. And if all the data the new fed gets is garbage , they can justify any rates the boss demands.
IIRC all the Fed cont…
The first "investment" book I read was The Money Game by George Goodman, AKA Adam Smith. I wonder what I would think of it now.
“If you don’t know who you are, this is an expensive place to find out.”
That still makes sense.
@dtconroe, knowing what you want is half the battle. :-)
Who knows where interest rates will be in December. I don't see how they get much lower if inflation doesn't start to drop. Continuing increases in inflation "in line with expectations" don'…
From the previously linked report::
The loan market has grown substantially over the past 20 years to $1.6 trillion in size, now exceeding the high yield bond market in total par outstanding. Concurrent with the growth of the market has been a gradu…
Lots of trader comments which just brings stress to my thinking. I just bought 2 CDs at 4 and 4.2% at my local bank, while they are available. Money Market rates are falling pretty quickly now and don't expect any of them to make 4% much longer. …
Sounds crowded.
I wonder how much spill over we're talking about when folks eventually crowd the exits. The internet tells me private equity is still under a trillion.
In the taxable: I sold SYLD. Since I bought it it has doubled down on small cap value plus shareholder yield. I already have enough different small caps to suit me.
There is plenty of dry powder in the taxable, so I will likely look around to put …
Anyone adding significant new money into US equities these days? To my mind ,,, it would take the balls of an elephant. I am not asking about trading but increasing one’s domestic stock allocation. Thanks for sharing your thoughts. PS. Just bo…
Can SEQUX be far behind? It's up to 215~
Sequoia a whole 'nuther beast. While all OEFs can redeem in kind, Sequoia actually does this. As they wrote to the WSJ in 2016:
For many years Sequoia Fund has clearly disclosed that we can and do pay la…
Can SEQUX be far behind? It's up to 215~. SMH is up to 315.~
I have been watching DODGX. At a certain point I can see where the share price becomes daunting for new buyers. Just 8.9928 shares for forking across the minimum doesn't seem fun to me.…
@hank Just for a comparison my Schwab account up .14% yesterday. 21 - 22 % equity
A boat load of money went out during Covid19 . What wasn't needed is driving this market up. Some where I hear the money supply was increased 40%, although I find t…
I happen to look above your post WABAC, and noted a post by BaluBalu. Where did he go ?
We exchange PM's every once in a while. I don't think I'm talking out of school to say that he has simplified his portfolio to suit his comfort zone so may not f…
What were we thinking?
Thought I could use a refresher course on all the good ideas back then. :)
Since March 6 MNHAX and CBRDX are no longer in my lineup.
Add>>I'm a lot less nervous about bonds than I was back then. LOL, I was freaking o…
Last time rates were cut there was momentary euphoria, and then they all went back up.
The debt is still out there. And the m2 money supply is growing like a cancer.
Stay tuned.
In the IRA I continue to build a bond fund ladder on credit quality, duration, and volatility. Today I snuck a little further out on a limb with equal-sized portions of OSTIX, THOPX, and BSBIX. I figure rates would have to go up quite a bit to put a…
In the IRA: Bought equal-sized positions in OSTIX, THOPX, and BSBIX as I sneak a little further out in volatility and duration.
Not ready to pull the trigger on anything in the taxable.
More reporting from the WAPO.
Building plants to manufacture the batteries and related computing chips for electric cars requires very specific technical knowledge, according to Ellen Hughes-Cromwick, former chief global economist at Ford.
“You hav…
Some of the funds recently mentioned have significant portfolio positions in derivatives, including SCFZX 33%, NRDCX 42%, CBLDX 10%. Other mentioned funds have 0% in derivatives including HOSIX, DHEAX , DBLSX.
I am curious if any other posters are…
WOW !!! COUNT ME IN !!!
Hey, @WABC- This is the chance of a lifetime!!! Could you possibly advance me 100k or so? I'll split the profits with you!
Spent all my spare cash on lottery tickets last week. Sorry.
I'll probably be buying this fund at …
If you haven't done so already, you may want to read Prof. Snowball's
recent article titled "Thinking more broadly: Bonds beyond vanilla."
https://www.mutualfundobserver.com/2025/09/thinking-more-broadly-bonds-beyond-vanilla/
I own CBLDX. And I mig…
Please come to the U.S. and invest and build factories. Then we will deport your citizens in raids.
The U.S. could have worked with Hyundai to ensure all workers documents were fully up-to-date. Giving them some warning and leeway and even streaml…
At least I understand the asset backing up securitised car loans. What's the asset behind student loans?
Like CLOs, these consumer ABSs take piles of loans (such as car loans or student loans), bundle them together, slice and dice, and then sell the…
Regarding my use of the term "low risk bond oefs", I was referencing typically used risk measures, as quoted on M*. M* provides a section entitled "Risk" for each mutual fund, and in that "risk" category, there are several categories of information…
Perplexity AI does a nice job of scraping the web for opinions on the risk of securitized credit in a recession. I also prefer the look, writing style, and placement of links to sources to other AI's I have tried. YMMV.
https://www.perplexity.ai/se…
Not to mention that it's a battery plant for electric vehicles, which are out of fashion with the current Boss.
Lets wait and see what happens with the TSMC plant being built in Phoenix. https://publiclawlibrary.org/major-class-action-lawsuit-accu…
Listed in order of standard deviation from low to high: FCNVX, BUBIX, FGUSX, and PYLMX are all really boring with M* standard deviations from .48 to .73.
