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WSJ: At Close 4:00 PM EDT 04/05/24
$40.59
-5.56
-12.05%
:)
So much winning....
Investors will eat those realized losses (when they eventually sell) - that's the tax "gift".
And they will like it.
Among the fund I own, VSMIX, PEY, FSUTX, IYK, USFR, and VRIG had positive returns for 2022. I add that year to one of my views at M*.
Added for clarification: All of the utilities, and most of the consumer defensive funds, I monitor were in the g…
What do QDSNX and PVCMX (and BLNDX) have in common?
They all managed to net positive gains for investors in calendar year 2022, a feat not accomplished by many mutual funds. Even bonds were beat down in 2022 - only commodities were in the green.…
As a quant manager, AQR has not had the best track record this past decade. AQR stuck with their convictions during tough times, and many of their funds took a major hit, badly underperforming for stretches. They have had heavy portfolio manager …
Lawsuits filed.
The media company that Donald Trump recently took public is suing its co-founders, accusing them of failing “spectacularly” to get the company off the ground and then trying to “thwart the deal.”
Moss and Litinsky failed “at every t…
SALES: Sold various equity funds/equity ETFs to lock in gains and take the market risk down a notch.
BUYs: Starter position in PVCMX. Adding to PSFF & FBALX.
Trending towards boring and safer.
Q must be up to his old tricks again, because DJT is up today while all the other numbers on my screen have turned a deep RED. Each and (almost) every day for months now, they had appeared GREEN.
His powers are mystifying.
Down 20% today......lol
Oh, wait - maybe this is why? "...it had a net loss of $58M in 2023 on $4.1M in revenue."
When regulators inquired about Truth Social’s number of signups and users, the company pushed back, and ultimately disclosed only …
He does not belong to any party but to himself.
This.
I don't view him as a politician. If he could anoint himself King, he has made clear that he would like to do so. None of our laws should apply to him - he should have total immunity?
Ha…
Mike, it's probably a good idea to avoid politics here. But at the same time, we are having a little fund with this 1 "polarizing" figure. I don't see evidence of cruelty or bitterness. And when you pull as many stunts as this guy has, maybe he …
I think if you have a longer-term time horizon, a fund like this can pay off nicely. He looks like a champ if/when the market corrects heavily, and a chump if we just glide higher and higher for years to come.
I can respect the patience and disc…
Hi, JD_co.
To be clear, Mr. Cinnamond doesn't "time" and doesn't change. Not in decades. He's among the most rigid of the absolute value guys. He's got his standards for what's worth owning. If there is not a single stock that meets those standard…
Donnie needs DJT's stock price to be "high" six months from now in order to properly fleece the "shareholders" and start cashing out legally.......unless he changes the charter via Board action (upon which I believe his son serves). But then he wo…
It will be fascinating to watch this unfold. Meme stocks have proven resilient for periods of time, and then it often falls apart.
Purchases of DJT are really "donations" in my eyes. If you buy now and hold long-term, you don't expect to get yo…
Don't know if the bull market needs the extra cash:
"Since 1950, there have been 30 five-month streaks in the S&P 500, including the most recent one, along with another streak that ended last July. In all but two of the prior 28 cases, the S&am…
Buying DWAC in large quantities.
I want it all to myself, so please refrain from buying. Plus, what a great way to support a fella that has gone through 6 bankruptcies, though is touted as a great businessman.
I asked my advisor at Fidelity whether it is possible to make MRFOX available at Fidelity.
FWIW, I also submitted another request to add at FIDO just now.
Bears get worn down when the market moves up so smoothly and consistently.
From Nov-2023 to March-2024, the typical equities index chart is pretty much a straight line from "bottom left to upper right". Not exactly parabolic, but impressive.
W…
@yogibearbull,
From my following and researching CGBL....The only reason I have not invested in it is because of potential high distributions from its fixed income sleeve (bonds with market discounts) if I were to put it in a taxable account.
If …
I was looking for a balanced ETF for my taxable account and chose CGBL. It's surprising that there are not too many choices. CGBL has filled that bucket nicely for me.
Bought the min of QDSNX, a high ER fund of funds that went up on a day when equities got hit hard.
Purchased for purposes of "diversification" and because I w…
The march upwards has been so consistent since November that one would think the markets can move only in 1 direction. Tech has dominated and market breadth has been lacking.
Bears now hibernate. Those waiting for a pullback have been left in …
From Elm Wealth link that @Devo provided:
"If the BOXX ETF grows so large and attracts so much attention that it precipitates a change in the rules governing ETF taxation, the result would be a tremendous and lamentable decrease in investor welfa…
I guess if you can remember dot matrix printers, you are considered old. And LOTUS 1-2-3. Fortran & Basic. Commodore 64s and Sinclair computers.
Amazingly, Mutual funds predate all that good stuff. The first open-end MF with redeemable sh…
This is what sticks in the back of my mind, but I try my best to ignore it: "The S&P 500 PE Ratio is in the upper 15% of valuations for the past 80 years."
I love old fax machine stories. Did you have to call their fax from your fax and coordinate placing the phones into the cups at the same time?
I am not familiar with that "cup" process. Or maybe you are joking. But I had to dial in a specific co…
I was a Mutual Fund accountant many, many moons ago. Worked for a few different firms. They would price all securities using a feed just after the stock market's daily close (4PM ET). For any equities that moved > 5% from prior day close, you …
Back in the late 1990s, most Internet stocks had no earnings and no viable plan on how to turn a profit. So it was really a unique situation where valuations didn't seem to matter. Traders just bid up any old garbage with ".com" attached to the nam…
MRFOX is getting noticed in another MFO thread. Fund Mgrs are willing to move to cash, and have shown good timing/judgement in the past. Limited brokerage availability.
@Baseball_Fan @JD_co Inimitable fund.
@Dennis Baran Well, forced me to learn a new word today.
It must be unique to have stayed slightly above the fray in both 2018 and 2022. "Concentrated" as per the Fund name, with only 16 -24 equity holdin…
