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.
As regards HOTIX (bold added):
The Holbrook Total Return Fund seeks to deploy capital opportunistically across government securities, corporate bonds, and securitized credit to produce income and total return. The Fund will have a longer target dur…
And BS1000 owned bonds the whole time. So why does Captain Obvious have to make it seem like he always knows best when stocks outperformed... while he owns bonds?
When markets stop trading on fundamentals, you get a mini-bubble. That's where we are at.
If Fed rate-cuts are the basis for a continued rally, good luck with that.
Interesting comp - they both returned about just over 5% annualized over the past 10 years, with SDs near 5. OSTIX had slightly lower SD. RSIIX had 79% positive return months vs. 70% for OSTIX.
The excess liquidity in the market is masking many of the risk factors covered in this piece. We do not know when, but we know there will be another disruption in the market that could open up attractive entry points for us to utilize our ample liq…
The Labor department's revision lower of its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates was the biggest revision in more than two decades.
Adding more PRPFX.
We know Trump isn't for real. And we know that SCOTUS is not for real, as it's controlled by 6 conservative MAGA lovers.
SCOTUS will soon confirm that Trump's tariffs are legal, reshaping the global trade system.
Meanwhile, Amy Coney Barrett is…
All a distraction coming from 1 frightened old man. The Epstein files have him rattled. Exposure of some very dark dealings loom.
The worst president is U.S. history keeps outdoing himself, but this is what was voted into office.
This is also damning:
Marshall calls attention to a recent interview in which Wolff said that Epstein suspected Trump was laundering money for a Russian oligarch—and indeed, Trump did flip the property to a Russian oligarch for a profit of more than…
Very interesting.....journalist Michael Wolff apparently had interviewed Epstein at length during Dumps 1st term:
According to Wolff, Epstein believed Trump had notified the police about what was going on at Epstein’s house, which he knew because he…
'South Park' ups the ante with a love affair between Satan and Donald Trump.
The couple finally confirms their relationship and comes clean about a secret they've been keeping: Satan is pregnant with Trump's baby.
I wish Fidelity's mutual fund screener included Sharpe/Sortino ratios for 5 and 10 years.
Agreed. But thankfully we have sites like Portfolio Visualizer.
Notably, illiquid assets don't trade much, if at all, so issue of mark-to-market is moot.
Its odd to me that mutual funds would include private equity investments if mutual funds calculate a daily NAV. Part of the portfolio would be marked monthl…
Are there any standard rules regarding mark-to-market of private holdings held within a mutual fund - or is that a case by case deal (per each Fund's prospectus)?
Of course, some investors like it when the market tanks and their assets aren't writ…
Could it be that because so many investors share this same bearish view, that we are somehow propping up the markets - a contrarian indicator of sorts?
Bots are having fun increasing +25 bps to +50 bps at the market open each morning like clockwork…
That's "Captain Hindsight" to us, Mona.
If the markets go up, orange cries out "they love us". But I don't think we are going to have to hear that BS in the future.
The next dance this market is going to do is called the Dive.
"Hide it in the oatmeal." Well that's a new one.
All the gold I want or need is owned via PRPFX. Commodities are tough to own, whether via a Real Assets funds or otherwise. The PIRMX fund mentioned prior does have a lower SD with bond-like …
Self-aggrandization (and lots of hot air) must run in the MAGAts DNA. Or they want to copy the orange dimwit himself.
"I actually have accomplished......". LOL. We care not.
"What’s also worth mentioning is that INTC’s total number of shares outstanding will increase by roughly 12% due to the government’s equity stake, which means significant dilution for existing shareholders."
Bold added.
https://finance.yahoo.com/n…
"It has led here, to this moment, where all three branches of the GOP-controlled government have been willing to torch the republic and democracy that generations of elected officials and citizens have tended for 249 years simply to please Donald Tr…
He is trying to incite riots by occupying cities with his little armies - he would welcome the chaos.
If he can find a way to divide the country even more, he will. Ticking off his USA enemy (blue states) is a bonus.
And it's a display - optic…
Feels like we should be able to dump Orange off at the old folks home and hope the Secret Service can't locate him.
Orange would just think he's still at Mar a Lago.
We keep watching our Democracy die a little more each day while we listen to the denials from MAGAland. Fed independence is just the next domino. Whether or not he succeeds in ousting Cook will be a circus show all it's own.
Occupying blue citie…
As @larryB prompted, where else do you go for non-correlated (to USA) equities - India, China, Canada, Nordic, EM? The US is still the safer play in many cases, even if we are headed for a recession/depression due to a possible tariff-driven infla…
Just be aware with securitized (MBS) funds.....SYFFX lost -31% in 1Q 2020, as many of these funds were crushed at the time. That's why I don't hold more HOSIX.
It's not that history will repeat, but it can.
Multi-sector funds and other bond funds I use:
-CBLDX (Crossingbridge)
-APDPX (Global unconstrained)
-HOSIX
-NRDCX (Crossingbridge - Nordic fund) is an interesting add
-DHEIX - short-term HY.
This mix should maintain a very low SD, if rec…
Steaks (and ground beef) are up roughly 12% YOY per the media, but my local increase is higher. Very expensive.
Maybe folks will have to throw some tofu on the BBQ instead of beef.
Thanks, Donnie! You're the greatest.
