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.
Hello,
For what it is worth ...
It is the many perspectives, strategies and thoughts put into action that make the markets. And, yes I invest to put coins in my pocket to improve my standard of living. From my own experience you have to get beyo…
Recently, mfs posted one of Old_Skeet's portfolio's dating back to December of 2015 that was linked back in 2016. For easy reference I am providing this same link beow.
http://mutualfundobserver.com/discuss/discussion/24926/old-skeet-s-new-portfol…
Hi @DavidV,
Pursuant to your inquiry.
I had to go back in the stack and look for post that contained writtings about the barometer. Below are a few of the links dating back to February 2017 where the barometer was discussed in some detail. There…
@LLJB,
Thank you for your question. I am sorry for the delayed response but I was out of pocket most of the day due to another family member's medical issues. I hate to be short with an answer but I also did not want my response to linger.
I u…
Hi folks,
Old_Skeet did not have any intentions what-so-ever to start a riff in this thread. But, know it seems one might be forming (let's hope not). In addition, I have a few comments.
I am not a day trader by any means; however, form time-to…
Hi @hank,
I'm thinking what MJG did not disclose is that there are those, within the troops, that tested well and excelled. It was the group as a whole that provided the disapointing testing results. And, so it goes. This is why it is probally be…
Hello,
Most of the posters from my observation found at MFO are students of the markets and skilled investors while for the most part the average retail investor is perhaps better served by indexing. For me, I feel it has been benefical to devote …
An update.
There has been news of late that centers around possible war with North Korea and its effect this is currently having on a richly priced stock market. No doubt, my thinking is, big money has the markets levered up and with this recent n…
Lewis Braham gets an Old_Skeet ata-boy award today for his article: "How Much Are You Paying for Your Portfolio?" For me, according to Moringstar's Instant Xray analysis I am paying 0.87%. That is a good bit less that the standard 1% wrap fee most…
Since, I am invested within may asset allocation, needs and risk tolerance ... when the market provides some good value I'll become a buyer of equities. Until then, it is sit back and watch.
Skeet
Hello,
Yep, summer is here.
I am no technical expert. However, since the middle of July I am seeing in my charting of SPY the MFI (money flow index) has been in decline along with thinning volume since May. It also appears, that earnings are cat…
I like @Ted's daily Breakfast Briefing and The Closing Bell. Although I don't click on every link everyday I have from time-to-time visited each one of them plus a few of my own.
I'm thinking Ted deserves todays ata-boy award.
Skeet
@Derf,
Insuring coastal property can be complex and expensive.
Recently, my coastal home had to be re-rated due to now being included in a huricane zone. Prior to this it was not included being back of HWY 17 in Murrells Inlet although I carried …
Hi again @Catch22,
Yes, evertime I have changed insurance companies there has been a property inspection by the insuarance company (or a representative) with each new policy. In addition, usually the agent will make a few photos of the homes as pa…
Hi @Catch22,
For what it may be worth ... My policy: Shop & Save
Within the past ten years I have moved coverages for my two homes and three autos from Nationwide to Allstate and then onto State Farm ... and, I'm looking to move again possibly…
Most investors want know if their asset allocation is correctly set to their risk tolerance until we get into a severe market downdraft. If one waits too long in the downdraft to start to trim their positions, raising cash, then they might indeed b…
Hi @MikeM2,
Sorry for the delayed reply on PONAX.
I have looked at PONAX in the past and from what I can surmise it is believed to be a good fund although very agressive in its strategies due to its use of derivatives and short positions. Current…
Hi @PRESSmUP,
Thanks for making comment.
Murrells Inlet is still a nice quaint fishing village; but, with a drinking problem created by the many that now visit the restaurants, and bars, etc. At one time, years back, there was talk by some locals…
Hi @Catch22,
One can not take issue with the chart ... but, let me ask a question. How much of the reflected outsized performance for the securities shown in the chart was the result of the FMOC's bond buying program? Generally, back then most bo…
Hi @Catch22 and others,
Cash has the element of stable value ... generally, bonds do not have this stable value feature. So, in stock market swoons fixed income investors could be impacted as well as equity investors who are scrambling to raise ca…
Hi folks,
Good discussion on the reporting of cash held within a portfolio. For years I counted cash as a part of my portfolio and factored it in with portfolio performance reporting since cash is an asset class. My brokerage firm still reports p…
Hi again @Tony and others,
I edited my first comment of August 1st with an additional comment note. With this, I am bringing this thread back to the top of the stack. Any thoughts and or additional comments would be welcome?
Skeet
@Tony,
Thanks for posting your views and thoughts. I'll experiment a little using SPY in my already established chart matrix. By no means am I a technical analysis expert; but, the things you have noted in your recent post(s) have been enlighteni…
Hi @Old_Joe,
The same took place in Murrells Inlet, SC that you have described above. Back in the mid 80's a new Kmart opened in Inlet Square Mall as one of three anchor stores. J C Penney and Belks were the other two. Since, this was a new mall…
Hi @hank,
Thank you for your comment and question(s).
I am still much a value investor as my style orientation is 40% value, 35% blend and 25% growth and I general add to or open new positions when I can find value. I too have been raising my all…
Hello,
A update on Old_Skeet's barometer.
At the beginning of July the earnings feed was recalibrated and as a result the barometer began the month with a reading of 153 which put it above the mid point reading in fair value of 150. At this time …
Hi @jafink63,
BobC did a good job of providing some avenues to consider.
In addition, I'm thinking you are asking this question as this security is held in a taxable account?
With this in mind ... below is a thought.
If you are reinvesting fund …
Thanks, @Tony, for the tip. Because of one of your earlier post (and tips) I changed my trend following graphs for the S&P 500 to plot the price line using the Elder Impluse System. That too, has turned out to be a good tip. Now I'll have to …
I'm thinking that most folks that post on the board are students of the markets and as such we are a cut above the average retail investor that does not watch the markets or monitor their accounts (except look through their statements). I'll bet ma…
Hi @JohnN,
Thanks for posting Dr. Madell's newsletter for the board's reading enjoyment. It is one that I have often read over the years and I have received good value from it's message. This issue is no different.
Old_Skeet
Hi @hank,
My take is that the market is currently highly levered up. With this, when big money starts to cash out ... watch out! So, I am keeping my cash allocation at about 20% as it will act as a dampner in a falling stock market plus it will a…
Hi @Ted,
I own the A share version of Thornburg Global Opportunities THOAX. It has been one of my better performers in the growth area of my portfolio through the years.
Indeed a good fund.
Skeet
Hello,
An update.
Old_Skeet is still with his current investment objective and that is to take excess portfolio cash and invest it into hybrid type funds. Curently, hybrid funds make up about 45% of my overall portfolio and I am wanting to increa…
Hello,
In my global hybrid sleeve found in the growth & income area of my portfolio I hold two world allocation funds CAIBX and TIBAX. The third fund PMAIX is classifed as an asset allocation (30% to 50% equity) fund but it has good weightings…
Hi @Ted,
Thanks for posting the "Closing Bell" each day with the many links that you provide for easy reference. For me, it makes the daily market review a stop place.
Skeet
Hi @Catch22,
Thanks for your inquiry.
Since, your question references back many years know at the time I was in my early teenage years. Here is how I remember things. The two fund families that I had investments in were Franklin and American Fun…
Hi @Derf,
Not all the nav transfers were in retiremnt accounts as ira accounts were not available (I believe) until sometime in the 80's. And, I started investing during my early teenage years around 1960. Therefore, some nav transfers were subjec…
