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.
"Buffett said it a lot better 'Diversification is protection against ignorance.
It makes little sense if you know what you are doing'".
This attribution lacks proper context.
Below is an actual quote from a Warren Buffett speech to MBA students.
…
@catch22
I'm glad you found the current episode worthwhile.
Charlie utilized numerous charts (considerably more than usual)
to educate investors about common misconceptions and myths.
The corresponding data could be very beneficial for many invest…
The Week in Charts (12/23/24)
Put These Charts on Your Wall For Reference The Next Time You Think:
00:00 Intro
00:23 "All-Time Highs Are a Sell Signal"
01:39 "Investment Returns Are Linear"
02:41 "Overbought/Oversold!"
04:20 "Credit Card Rates Can'…
I haven't been active in M* Discussions for several years.
It was previously a good investing forum until M* started making "improvements."
Tis a shame...
I don't know all the details regarding the ABC/Stephanopoulos lawsuit.
Based on the merits of the case, some were surprised that ABC (Disney?) settled so quickly.
As Crash stated, the incoming president is now deliberately trying to intimidate the …
The Week in Charts (12/13/24)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:40 Topics
01:41 Inflation Is Warming
05:44 Free Wealth Path Analysis
07:48 Easing Into a Mania
19:27 Is Free Money the Cure For H…
For several years I've used Symantec VIP for 2FA at Fidelity.
I also started using Symantec VIP at Schwab several months ago.
The app works as expected and I haven't experienced any problems¹.
¹ I use the desktop app exclusively and have no experi…
Cannabis is legal to possess/consume in WA state but smoking on public streets is illegal.
This doesn't stop certain marijuana aficionados from sparkin' up on the sidewalks.
To the powers that be: I'll give you my pizza when you take it from my cold…
"I've wondered for some time if active management will die out pretty rapidly
or be replaced by a smaller number of active managers driven by AI wars."
Here's my opinion on what may occur to firms who actively manage funds.
https://www.mutualfundob…
I liked some of the older BMW models.
The BMW 3 series was the sports sedan benchmark for many years.
Newer BMW models have become larger and heavier and in my opinion not as visually appealing.
From my prior research, BMWs were not known to have a…
@Crash and @Old_Joe
ABALX has a front load of 5.75%. For American Funds, does this indicate that this share class is for use only with an advisor?
Fidelity doesn't waive the front-end load for ABALX.
Fido does offer BALFX sans load with an expense …
I agree with Mark.
Three CGBL portfolio managers (out of five) are also managers of ABALX¹.
Both funds have very similar objectives and characteristics.
Looking at the funds' quarterly Fact Sheets may be a good place to start.
CGBL Fact Sheet
ABALX…
M* website is having issues.
Looked up LCORX.
Clicked "Performance" link.
Performance
There is no growth data available
Trailing Returns
There is no data available
Tried two other mutual fund tickers.
Received same results for 2nd fund; traili…
Yield spreads between Vanguard High-Yield Corporate and Vanguard Interm-Term U.S. Treasury
(starting in 1998) are compared in the M* Fund Investor newsletter each month.
Current
(11-30-24) 1.95
Last Month
(10-31-24) 2.12
A Year Ago
(11-30-23) 2…
The Week in Charts (12/06/24)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:18 FREE Wealth Path Analysis
00:47 Topics
01:06 Goldilocks Jobs Report
04:14 One More Cut Before the Pause
08:48 The Most Wonderf…
Trump Administration Prerequisites
1) Absolute fealty to supreme leader Donald J. Trump.
2) No relative job experience for the corresponding position.
3) Distinguished criminal record - preferably as a repeat offender!
All nominees should possess,…
President Yoon Suk Yeol was very unpopular at home - his approval rating has been under 20 percent.
He imposed martial law on the basis that the opposition was being infiltrated by North Korea.
The opposition, members of his own party, and Parliamen…
@FD1000,
I'm typically not a rude person.
However, if someone deliberately misrepresents what I said or did,
posts condescending remarks after the issue in the OP is resolved (further remarks were not required),
and is extremely obstinate regardin…
"Soon we will see how wrong you are."
How can I be wrong?
Frankly, I don't know what Trump will do regarding tariffs.
I merely suggested that he may use tariffs as a negotiation tactic.
Based on your comment, I assume you are in favor of tarrifs?
I…
@BenWP
I purchased Michelin CrossClimate2 tires for my Golf earlier this year.
These tires received excellent performance ratings from Consumer Reports and Tire Rack.
I've been pleased with the CrossClimate2 tires but haven't had an opportunity to …
What the hell are you talking about?
After reading this thread, it's obvious that I didn't "keep asking the same thing."
I initially asked one question regarding whether or not subsequent Schwab AIP purchases could be cancelled.
As mentioned previo…
@BaluBalu. Makes sense to take some profit off the table. No one ever went broke, taking profits. I do think that some industries will benefit more than others while the Orange Criminal reigns: energy, in particular. Regulations will be ignored or r…
I've never heard about car punching before.
Congratulations for the new Camry.
This vehicle has a long-standing reputation for reliabilty.
Performance and styling have been improved for the new, ninth generation Camry.
This thread seems to have run its course for usefulness.
It's a real pleasure interacting with folks who are self-effacing,
make cogent arguments, and are receptive to others' thoughts/ideas!
Hi @catch22,
I usually start with "Discussions +" for threads with comments
and then check "Discussions" for threads without comments when browsing MFO.
I also see "Technical Questions" listed near the timestamp when viewing this thread via "Discu…
Yogi,
This thread shows up in "Discussions +" after catch22 posted his comments.
I didn't check before catch22 posted to see if thread shows up in "Discussions" category.
Mona,
Thanks for the chuckle!
"Even if this had been real, his loyalists would have applauded the appointment.
Whatever Orange does is 'perfect'".
Sad but true.
"I don't need to use the auto purchase 7 times to know it would happen the eighth time."
I thought you never used Schwab's AIP.
You previously stated: "At Schwab most times these fees are waived,
and I never used the auto feature, but I want to kno…
Did you enroll a mutual fund in the AIP and actually purchase additional shares?
Did you then unenroll the mutual fund to cancel subsequent fund purchases?
If not, it was just a simulation...
Although this is useful information, it is not directly related to mutual funds or investing.
In my opinion, content of this nature belongs in the Off-Topic category.
Perhaps you could visit Off-Topic more frequently to discover potential items of i…
"I already verified you can unenroll any time."
You conducted a simulation.
I was hoping someone who actually purchased additional shares via Schwab's AIP would respond.
Based on your results, one could assume subsequent purchases can be cancelled.…
I just finished a live chat with a Schwab rep.
Posting info here for future reference.
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My Post
I have some questions regarding Schwab's Automatic Investment Plan (AIP)…
These are challenging times for investment firms which focus on actively managed funds.
Index fund (Bogle’s Folly?) usage has increased significantly over the past couple decades.
Many investors have also shown a distinct preference for ETFs versus …
