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.
Article:
4-investing-lessons-from-david-swensen/
I viewed David Swensen's talk (72 minutes) referenced in Nick Maggiulli's blog post.
Highly recommended!
Link
I don't have any personal experience with hearing aids or know anyone who uses them.
The Consumer Reports Hearing Aid Buying Guide (recently updated) may contain useful information.
Link
Stock market corrections (usually defined as a 10% - 20% drop from recent highs) can occur at any time.
A correction in the near future may be helpful in reducing some of the market froth.
Financial markets are reacting to the surprise 4.2% increase in April's CPI.
All my holdings are in the red today except for VUSFX which is unchanged.
I use VUSFX as an alternative to cash.
Dogecoin was created as a joke and it has no intrinsic value.
The cryptocurrency doesn't have any earnings nor pay any interest or dividends.
It appears that many "investors" are betting on the Greater Fool Theory to realize future profits.
Mr. Swenson transformed the institutional investment community.
His "Yale Model" allocated considerable capital to alternative assets and was widely imitated by other endowments. He mentored numerous investment professionals who are now associated …
I Bonds are a great "safe" bond option in the current environment.
The $10k annual purchase limit* may be a hindrance for those with larger portfolios.
*additional $5k purchase available using your federal income tax refund
I'm with Charlie Munger on this.
https://www.marketwatch.com/story/charlie-munger-says-bitcoins-rise-disgusting-and-contrary-to-interests-of-civilization-11619978483
Tell us what you really think Charlie!
FWIW, I'm no fan of bitcoin myself.
Thank you @bee. As you noted, entering another ticker will not provide data without having a subscription.
I replaced 'rpgax' with 'prilx' in bee's URL and was able to view data for PRILX.
"A U.S. plant that was making Johnson & Johnson’s (JNJ.N) COVID-19 vaccine must fix a long list of problems including peeling paint, shoddy cleanups, and poorly-trained staff to resume operation, according to a highly critical report by the Food…
I had my 1st Pfizer shot on Sunday.
The injection site was slightly sore afterward - no big deal.
I don't like wearing a mask either but feel it may be too soon (in many parts of the country) to let our guards down.
China has been very aggressive in developing a Central Bank Digital Currency (CBDC).
Its pilot program expanded to 28 major cities in August with plans for additional cities this year.
China is determined to gain greater acceptance of the renminbi…
I just logged into Portfolio Manager.
The following message was displayed.
"The site is experiencing issues with Portfolio Manager displaying duplicated holding for funds.
We are working on resolving the problem."
Many mutual funds are displayed t…
Aside from everything else going on in this thread, I would like to see any Lipper data on duration. And I would like to be able to screen on their duration numbers the way I can screen on many other factors.
The Fidelity website allows filtering b…
It is estimated that we'll reach herd immunity when 70% - 90% of the population is immune to Covid-19.
People can obtain immunity via vaccination or Covid-19 infection/recovery.
Bear in mind no vaccine is currently available for children under 16.…
If you watch the speech, it's evident that Mr. Trump is touting his supporter's extreme loyalty.
Click the video link embedded in the article below for additional context and to hear what he actually said.
Link
TDS is an acronym for Trump Derangement Syndrome.
This term is frequently used to discredit and delegitimize those who criticize the former president.
Donald J. Trump made the following statement in a 2016 speech:
"I could stand in the middle of 5t…
MEASX got off to a good start.
The fund outperformed 98% of its category peers for the trailing three years ending 12-31-16
(10.9% return) while exhibiting low volatility (std. deviation: 8.91).
However, it has mostly disappointed investors since …
I wouldn't be too concerned.
As @TheShadow mentioned, Mr. Stack's retirement has been planned for a while.
Wellington has a deep bench of managers/analysts.
I used Portfolio Manager today and did not experience any issues viewing my portfolio.
Previously, I've been prompted to create a new portfolio on one or two occasions although I was signed in.
This issue resolved itself shortly thereafter with no…
Half of my mutual funds (5 out of 10) generated positive returns for one month, three months, and year to date.
Number of funds with positive returns for each period: one month - 5, three months - 8, YTD - 8.
My two intermediate-term bond funds ha…
The Vanguard International Growth Fund is subadvised by Baillie Gifford and Schroders.
James Anderson leads Baillie Gifford's efforts on the fund alongside Tom Coutts and Lawrence Burns.
Mr. Burns is slated to succeed Mr. Anderson.
These three gentl…
Why in the World Would You Own Bond Funds?
I'm a few years away from retirement and am not comfortable with a 100% equity allocation.
Higher quality bond funds have low correlations to equities and add ballast to one's portfolio.
My bond allocati…
When bond bear markets are discussed, context can provide useful information.
As @bee illustrates above, declines for high-quality bond funds (except long-term funds) are tame compared to stock funds.
“This ETF was pretty inevitable given the market we are in and features one of the longest ‘risks’ sections I’ve seen in a prospectus in a long time,” said Eric Balchunas, ETF analyst for Bloomberg Intelligence.
What could possibly go wrong?
I also subscribe to her 'Letters from an American' newsletter which I read most days.
I appreciate the historical context that Ms. Richardson often provides.
Tonight's newsletter about the appointment of Representative Deb Haaland as Secretary of t…
Rudolph-Riad Younes and Richard Pell cost me a few dollars.
I was an investor in Julius Baer Intl Equity (later Artio Intl Equity) from 2003 - 2011.
BJBIX outperformed its Foreign Large Blend peers for many years under the tenure of Messrs. Pell and…
Howdy folks,
Change is inevitable. The urban centers will survive albeit differently than many will remember or approve.
Always liked this song from the 70's about NYC.
and so it goes,
peace and wear the damn mask,
rono
NYC has changed …
I don't know if you deem an allocation fund with slightly less than 50% stock exposure to be conservative.
If you do and are investing in a taxable account, you may want to consider VTMFX.
At least 50% of the fund's assets are allocated to munis s…
I've seen those numbers generally referred to as a long-term average return on stock investments. 8-10% is a base hit, not a home run.
Yes, these numbers approximate the stock market's long-term returns.
I was referring to stock market predictions …
His summary of 2021? Expecting an 8 percent gain in S/P for the year. Stimulus and Fed accommodating... means a great year for equities, don't hold Bonds unless they are very short term etc. etc. Stimulus is pumping a ton of money into the economy.…
