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.
This reminds me of the off color joke of a young Catholic woman of modest means living the simple life in a rural town who goes to the big city and visits her folks in a few months wearing fancy bling. When the mother asks the daughter the source of…
Our healthcare system (if one can even call it that) needs an overhaul with a focus equivalent to the Marshall Plan or the Manhattan Project. We need an entity the equivalent of Federal Reserve to manage.
Absent that, it is all lip service and more…
Health care at the level of society is an interplay of incentives, cost, breadth and depth.
Many countries have selected the greater good approach -- universal healthcare covering basic services for everybody but "rationing" access to the more comp…
If you peel back the onion, there is no such thing as non-profit in the USA (and I don't have an expectation that there should be).
If the cost structure of a "non-profit" org is high and non optimal that is the equivalent or worse than a for profi…
Cash fines for tech firms that are cash gushers is the equivalent of fining somebody 1 bottle of water after they broke in and raided all of the drinks and snacks from the break room vending machine. It is a flick on the wrist. A threat of booting t…
This is a cost of business for FB, same as stretching the regulatory envelope and paying fines is for Uber.
This behavior is an enterprise version of risk taking behavior amongst CEO's who take big strategic gambles with huge diamond parachute payo…
Many of these stars it seems were the beneficiaries of rising tides. Like Buffet stated, when the tide goes out you find out who's been swimming naked. Lot more naked folks yet to emerge from this tide.
Somebody correct me if I am off but interval funds can only be offered via RIA's I believe.
Either that or the brokerage houses would not offer them direct due to liability.
Just out of curiosity, I ran a screener on MFO for funds with a manager tenure of >= 20 years, 20 year performance and SubType = US Equity
Top of the pack is FDGRX with APR = 13.8
FCNTX with APR = 11 comes in at #19
Just one narrow angle on the…
Giroux has run PRWCX aggressively at times for a balanced fund and not hewed to any particular allocation limits but I don't believe he has ever gone all stock.
The investment strategy has language that allows him to go all in on stock but if he we…
I agree with yogi that FCNTX and PRWCX isn't an apples to apples compare.
For investment period commencing June 1, 2006 to present day an investment of 10K would be valued at 46K for Danoff and 42K for Giroux. But the ride was a lot more turbulent …
Giroux makes big high conviction bets but his long term track record is pretty strong. I don't think Giroux performance(or most long tenured managers) can be judged by any time period less than 3 years.
Always a risk of a long term performance goin…
Both funds have their strengths. Giroux long term performance has been outstanding and I'm happy with PRWCX.
Owning BRUFX requires a long term mindset because it has underperformed in stretches.
That said, rolling returns imo is a better measure t…
The term lobbying always amuses me -- because the rest of the world calls it and sees it for what it is. More appropriate descriptions would be bribery and greasing the palms.
But the USA is also the land of the corporation being a person with same…
Haven't been following BRUFX recently but followed it closely for many years. I don't recollect this amount of cash being unusual for BFUFX at major inflection points. BRUFX makes high conviction bets and isn't scared going off the beaten path.
@BenWP
SVARX has a high turnover and changes allocations aggressively. This fund makes big bets with high conviction. It can also hold short positions and derivatives.
Long term performance for a bond only fund is impressive. Inception is 2013 a…
There isn't a hard technical blocker for the non-online versions to do the same thing as the online versions.
This isn't a shocker anymore in an age where data collectors would sell their own family members for a buck.
There's no such thing as a "…
The gobbledygook in the CNBC article is embarrassing. If an external auditor only relies on client flags to review a transaction, the auditor has already failed and their license should be yanked.
If the money cannot verifiably exist in a bank acco…
Think of the FTT token as the equivalent of airline miles, Starbucks rewards or Disney dollars. Each of these has value because of the public trust in the institutions issuing the "currency" and more importantly the ability of the holders to exchang…
@ga6742
Setting aside the crude behavior, continuous
lying on any topic big or small, "policies" of ignoring the perils of Covid, advocating bleach as a solution, instigating an attack on the US Capitol, threatening to withold aid to Ukraine for p…
We have some ways to go to get to pre Newt era. Gaetz and Green got elected quite easily and Boebert might win too. Ted Cruz, Josh Hawley and Tom Cotton still remain at large and haven't been returned to the zoo.
Perennial liar and Trump acolyte H…
FWIW, I think Ethereum is the "safe" bet on crypto because Ethereum is setting itself up to be the equivalent of http.
** This is not investment advice, buyer beware.
Crypto as a currency is mostly nonsense. Crypto as a means to power blockchain has some legs.
The simplest way to think of crypto is that it is a protocol to power a decentralized web (aka web3) Whether a decentralized web will take off is unknown,…
