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’m very interested in more discussion on the advantages of ETF’s vs MF and not just in taxable accounts but in retirement accounts + in retirement accounts where the investor has no interest in being an active trader. Perhaps that deserves its own …
I must say that I was happy that MFO was included but was very disappointed in the description.
“Mutual Fund Observer is a site that provides periodic commentary on all things mutual funds in the form of a newsletter to which investors can subscrib…
Would it be an over simplification to say that you own bond funds if you are afraid that you might panic and sell if there is an equity crash? Is that the primary reason? The market watch article says you own bond funds for safety and not return.
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@msf You are correct. I “assumed” the interaction was with his/her adviser they selected or was assigned to their portfolio. If it was a generic phone call to the brokerage, one cannot expect advisor advice. If your portfolio is self managed, you wi…
This is such a tough question to answer given the gracious but limited info provided. There are so many variables to consider. It's interesting that Mrs. acquired a significant amount recently but is afraid to "risk" this even though a more signific…
Revisiting 1 of 2 bond funds I own PONAX. It's up 1.19% with an 1.49% ER! vs. JMUTX +2.19% / .86 ER, FADMX +1.50%/ .67% ER, BMSAX +1.48% / .9% ER. On the bright side, PONAX is performing better than my FXNAX Index (apples/oranges - I know) which is …
My limited knowledge of the subject tells me “Stablecoins” are not Bitcoin or Blockchain. Bitcoin’s purpose is not a “currency”.
When I first read Powell’s commentary, my initial thought was… I wonder if they’ll create something called a “debit ca…
That’s some qualification… “ 1 Qualified Purchaser: Includes, among others, natural persons owning not less than $5 million in investments; family offices owning not less than $5 million in investments; trusts not formed to acquire securities offere…
I’m not disagreeing with Lewis. I have no idea and my exposure is very limited… but here’s David Rubenstein with a counter argument: https://mobile.twitter.com/SquawkCNBC/status/1395354887966412801
Then there’s Jack Dorsey with the “Bitcoin can mak…
I’ve been very pleased with Fidelity and their breadth of funds offered at No Load or No Fees. Had one service hiccup with them in many years re: linked accounts and trying to get in on an IPO I was eligible for. Otherwise, very happy with them. Fam…
Bitcoin bounces back after crash… https://www.wsj.com/articles/bitcoin-price-bounces-after-crypto-crash-shocks-market-11621508116
Use the volatility to your favor? Cathie Wood et al seem to think so… including forecasts of BTC at 100k and 500k in t…
This should accelerate the move to renewable energy vs. coil to mine bitcoin. Bitcoin down quite a bit given Musk's statement.
Timely given our discussion above: https://www.cnbc.com/2021/05/12/elon-musk-says-tesla-will-stop-accepting-bitcoin-for…
@LewisBraham That is an excellent analogy... automobiles. I have to find the video...where Saylor says almost the exact same thing...to explain why he is pro Bitcoin and not pro Ether or Ripple or Doge etc. Re: the 8B people... I think we was referr…
Have to ignore the gyrations and follow the annual DCA plan... but I confess... @JD_co idea of adding to FSMEX doesn’t sound like a bad idea. Not selling. Hopping off the rollercoaster in the middle or any part of the ride is never a great strategy.…
Newsweek just published a story that 46M Americans own Bitcoin.
In this interview Michael Saylor talks about anti Bitcoin comedian Bill Maher, Bitcoin energy use and its effect on the environment, Bitcoin as the new “bond” and his view on BTC fund…
Easy David... I read the Barron’s story and didn’t just assume that it was net of expenses when most are. I’ve read many stories that ignore expenses even though reported return should always be net of expenses. . So yes it looks like it’s net of fe…
Very impressive results: “Through April 30, the $102 billion Blue Chip Growth had returned an annualized 12.2% during his tenure, versus the S&P 500’s 10.5%”
I wonder if you took ER/fees into account... how those net results would look vs the i…
@zigster M* works well for your purpose. I’m almost exclusively in funds vs. individual stocks but when I’m tempted...I always check Yahoo conversation boards (old habit) as well. From a newish subscriber...MFO Premium is the best value and insight …
@stillers - good share! Thanks! I had PRILX on my watch but did not have PARWX - rated #1 M* over all periods. Looks like a very solid LC fund. I've got MSEGX and FDGRX (not value I know) for now but will watch this one more closely.
Finally traded FSPHX for FSMEX - long term conviction move. @TheShadow I checked back on PDFDX and sure enough it's up 22.81 for the year vs. FSMEX 12.25. It has performed very well since you mentioned it.
@BenWP @MikeW Ben - I'm hanging with ARTYX myself - currently down 1.71% since my ill timed purchase but I'm hoping it's just a patch as the fund is up 4.58 YTD. Of course, the S&P is up 11-12% so my move to EM after being in an EM Index fund fo…
Thanks Charles. I think I'm over analyzing my Int'l or World Funds. I own MGGPX as my primary having exited OAKIX (which, of course, is now doing great YTD) and have been watching PRGSX and BGAFX closely. In general, I keep going back and forth betw…
Thanks for that last post. Brought this thread back up to top and reminded me how good it is. Buying some more FMSDX tomorrow in fact. MGGPX has been doing great too.
@lynnbolin2021 .... thank you for a great response. I was studying MFO premium and considered a few of the items you mentioned but missed some really good points you made. Very helpful.
Circling back to this... given what was said about HY bonds and inflation / recession related to the worry with FMSDX ... if you were trying to decide between adding more to FMSDX or FBALX right now... which would you prefer?
When Mr. Roubini (aka Dr. Doom and a fierce critic of all things crypto) wrote that piece for project syndicate, Bitcoin was $6,300 per coin. It's now around $57,000. Blockchain has the potential to disrupt banking in a similar way in which mobile p…
Disclaimer: Cryptoassets is a tiny interest of mine in terms of investing but an area I want to learn more about solely for investment / profit purposes. I'm not an official defender of BTC or crypto. In the future, I think I'll leave rebuttals to e…
Bill Miller - Founder, Miller Value Funds
“Some of the great investors of our time, Stanley Druckenmiller, Paul Tudor Jones, are gold bulls. Many people, if they're not gold bulls, they at least believe that it's possible inflation comes back with …
If you’re anti Cathie Wood... feel free to skip this post. Otherwise, there’s a solid discussion of Coinbase and crypto ‘ Bitcoin going from 60K to 500K... around the 5:50 mark https://m.youtube.com/watch?v=SU_YjT6KvT8
And for a special surprise...…
If you own MSSMX (I do) then you already own some crypto currency. The fund is up 26.82% this year and one of its top 10 largest holdings (4.5%) is Microstrategy.
And so do the funds: RYWAX MACGX MSSGX TRZIX and FSSNX ... lots of MSTR shares... an…
@johnN just in case you were wondering. If you sell all of your Bitcoin and exchange it for Dogecoin... IRS says it's a taxable event. Sorry. Like kind transfers only apply to real estate. Also adviseable to hold or HODL your crypto for longer than …
It is kind of click-bait (for sure). Regarding "equally weighted" index funds... don't they generally have higher turnover and ER and experience more volatility during down trends?