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.
Here's some enlightenment on a couple of Democrat controlled cites:
https://twitter.com/kimKBaltimore/status/1295461903268040707
https://jamesaltucher.com/blog/nyc-is-dead-forever-heres-why/?fbclid=IwAR2Biizpj-huQaTWdNDuehdFkf74s1FQhwnqDd-mb26rELh…
The IRS has indicated that the first and second quarterly estimated tax payments for 2020 may be combined into one single payment due by July 15, 2020:
https://www.irs.gov/newsroom/irs-july-15-tax-payment-deadline-approaching-plan-on-scheduling-mul…
Old Joe & David, do you mean comprehensive and documented evidence as presented by the liberal media? I would agree that the Democratic controlled House would consider their impeachment try as their greatest recent accomplishment. We will all…
I'm quite sure the presidential debates will reveal "documented" charges against Biden. I'd be more worried about his mental health at this point. But here are a couple of nuggets:
https://www.wsj.com/video/opinion-joe-biden-forced-ukraine-to-fir…
Like clockwork, the liberals are making arguments that could easily apply to their own party. For some further insight on the radical left agenda:
https://twitter.com/Doranimated/status/1272478789759643648
Old Skeet hit the nail on the head. The Left will do anything to try to defeat Trump including promoting the radical Left agenda. While Trump may not have polish and goes through a lot of executive staff, his ideas speak the truth. By the way, wh…
I was just thinking that maybe a stock market correction won't really need a trigger event this time, and then I saw this article today. I also remember reading about this question: When eventually everyone is selling their stock ETFs during a tra…
I had been using some saved quotes under //finance.yahoo.com/quotes/xxx,xxx,etc. and recently it no longer worked. I found if I used https: instead of http: it worked again. The format is different now, but at least it gives me a list of current p…
Hi @BobC,
My bonds have about 3.5 years of effective duration and my cash is in U.S. Government MMFs for now. I'm up to 74% bonds/cash now after a little trading today (incuding a little tax loss harvesting to offset some LT capital gains I took b…
I'm still concerned about market valuations here, and May is around the corner. Examples of high current price to historical TTM free cash flow ratios (data from Morningstar): MCD 28.7; AMZN 45.2; CSX 52.3; FB 36.9. I'm whittling away at my equit…
Interesting read on the subject of raising one's cash position from time to time, which can be tough for mutual fund managers to do:
http://ericcinnamond.com/do-something-do-nothing/
Just looking at the impact after the first two years shows the trend (I added a Case F (10%):
A 100,000.00, 200,000.00, 50.00%, 50%, 100.00%
B 100,000.00, 180,000.00, 55.56%, 60%, 92.59%
C 100,000.00, 160,000.00, 62.…
A few more to throw in (some attributable to Bernard Baruch):
1. Don't try to buy at the bottom and sell at the top. It can't be done except by liars.
2. I made my money by selling too soon.
3. Every man has a right to be wrong in his opinions. B…
@Ted: Thanks, I've taken a lot of chips off the table right now, being in a bond CEF and cash (60% combined total), the rest is invested in individual stocks. My fund %'s were higher at the start of the year. My concern isn't current earnings nor …
Haven't posted here in quite awhile. I was 5% cash as of January 1 and have gone to 60% bonds and cash starting around Valentine's Day. Finally sold my railroads (hated to do it) due to valuation concerns (CSX, NSC and TRN), but kept railcar build…
Reply to @Heathbob: Also added to my CSX yesterday. Keeping an eye on ARII as well, as existing crude oil tankers may have to be upgraded or replaced. Added a little ARII today, may add some more next week.
...and the madness continues: "Encouraging civil disobedience, the Rev. Jesse Jackson criticized the state takeover of Michigan’s largest city today, calling on citizens to fight back with Detroit days away from being controlled by an emergency fin…
All good points Rono. Can you imagine the City saying "we won't let you take over our island (Belle Isle), in fact we won't even let you lease it from us and then improve and manage it for us for free as a State Park"??!! When I hear stuff like th…
Where to start in Detroit?? Here's a few ideas:
-Mandatory withholding of city taxes from paycheck. No deduction for "working out of city". Same city tax rate for residents and non-residents.
-Start collecting property taxes (about half uncollect…
Still hanging on to CSX and NSC. Aside from posssible increased rail crude oil shipment and intermodal (truck/rail) shipping, I see coal returning to fashion someday. Yes, someday when natural gas becomes overly expensive for electric generation …
Personal financial wealth is... living below your means.
Corporate financial wealth is cash flow greater than cash needs. (ditto for governments and schools.)
Reply to @bee:
Hi Bee,
I think the miners are due for an increase due to a valuation rebalancing in relation to the price of gold. Rono has spoken of this at times. My holdings for mining companies right now:
Fidelity Select Gold (FSAGX)
USAA …
