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 loved Redford as a performer. Played so many different roles to perfection. The gals at work back in the early 70s went nuts when word came out that he’d have the lead role in “The Great Gatsby”. Obviously he had an appeal to them well beyond she…
Thanks @Mark for posting this. I hope @bee sees it. Where is the equivalency? Getting shot for having made dumb, offensive or outrageous comments? I’d long ago have disappeared.
Ducks’ Coach on “internet warriors”
Thank you @bee for posting this. I didn’t know who Charlie Kirk was. But from the clips I watched for an hour or so last evening he appears to have been an extraordinarily gifted communicator. I might have enjoyed hearing him speak even though I …
The numbers on the S&P and 10-year treasury bond are probably accurate. Bond rates do have implications for many older investors who rely heavily on fixed income.
I regret posting the story. Bloomberg was being overly simplistic in attri…
Agree. Well said @DrVenture
“Incredibly daunting” by today’s knowledge and means. This from someone who routinely added up long series of numbers at work 50+ years ago using a big, incredibly slow, loudly “clanking” mechanical adding machine. T…
“They” wouldn’t need to actually travel here in person. Their technology would likely be thousands or millions of years beyond our primitive spacecraft or drones of today and able to survey our planet and send back telemetry. The real trick in try…
There are some rate-hedged bond etfs that might meet some people’s needs if they’re worried about significantly higher interest rates down the road. IGHG (investment grade bonds) AZGD (higher quality bonds)
I’ve been comparing IGHG out to 10 yea…
+1
Purchased it on my Audible account a few months back. Haven’t listened to all of it, but agree with your take. I’m constantly amazed that a lot of very low income people don’t get it. They’ll blame middle class union wage earners or career p…
https://pdfhost.io/v/E..d~yHtX_MStar_MPRS_102024
Response received: The document is missing
If you own a home in an area that is at risk for 100 year floods, it is not safe simply because you haven't had a flood in the past couple of decades that y…
Thanks to all for another outstanding edition. Enjoyed Charles’ deep dive into income producing funds. Quoting from that section: “… we are in the midst of a fiscal mess, which is likely to get messier and messier. It would be prudent, before any pa…
WSJ has a front page story today about lumber prices falling through the floor - so to speak. Lumber mills are shutting down or cutting back hours of operation. The Journal notes that normally that’s an indicator of a sharply slowing economy. Al…
WSJ provides a broader societal perspective - https://www.wsj.com/us-news/hyundai-raid-rattles-a-hot-spot-of-growth-in-georgia-d1fcd585?st=BMFs3C&reflink=article_email_share
Are these the ones that are “eating the dogs… eating the cats” ?
@hank, Can you explain how you can turn off tax withholding "totally"?
@Derf - Ummm - I just stumbled through it after succeeding (over an hour or longer) to set up the online account. Once in the door it wasn’t hard. There’s an option somewher…
Agree with Larry. MLB & NBA for me. Not a football or hockey fan. In both of the latter the players are largely shielded from view by the body armor worn. Not sure if that’s the reason I don’t enjoy them.
@Derf - The Dodgers have been my fa…
Thanks @msf. Just stopped my “voluntary” tax withholding on SS benefits yesterday. But - gosh - the break appears to expire in ‘28 - So guess will have to remember to turn withholding back on in couple years. Setting up an online account with SS …
All a distraction coming from 1 frightened old man. The Epstein files have him rattled. Exposure of some very dark dealings loom.
The worst president is U.S. history keeps outdoing himself, but this is what was voted into office.
It does seem to…
@hank, there are already many +/- 1x & 2x ETFs (some 3x ETNs) on various indexes. Invariably, one of these (+ or - version) will head toward zero and may dissolve or do reverse-split. The fund firms collect the ERs either way. +1
Schwab has an…
”I'm no trader, but a quick look at the GRZZX 5-year chart shows a steady decline from about $11.00 in 9/2020 to about $5.00 now. Maybe just to make the worth of the fund look a little better?”
That’s pretty much what posters on this thread say (cos…
Loss of migrant workers having big impact on economy. In many cases they do the work no one else wants. I was shocked when I checked out the prices of hotel rooms recently. Cuts to the issue because hospitality is very labor intensive.
You might want to take a look at a new etf IBTM. Came across it today. According to James Stack, “The fund provides access to a portfolio of U.S. Treasury bonds that mature between January and December of 2032 (and) combines the defined maturity …
Yeah - Another great week. Looks like war with Venezuela brewing. Why? Oh Why? Maybe a test of the new Department of War?
And talk about sucking up.
Story: Big Tech elite lavish praise on Trump at White House dinner
If you go to Fidelity’s generic page and search first for an OEF, it will then allow you to run comparisons with both OEFs and ETFs. (See “compare” in the upper left page corner). You don’t need to be logged in. Nice, since I prefer to login only …
Sold GDL today. I’m concerned that in the stampede to own gold, some investors have been inadvertently buying / bidding-up this previously tame CEF. GDL is an M&A arbitrage fund designed to outperform cash by a percent or two over longer per…
Good discussion.
7 equally weighted positions here (14.25% portfolio weight each). Other than a long-short fund (CPLSX) and a real assets fund (RAPAX), there isn’t much risk on the table. Third riskiest part is the equally weighted CEF basket…
Thanks @Mona. Part of Vanity Fair & the mug shot was accessible. The other source blocked by a paywall. Will do some research on my own. Looks like a mean dude.
Barron’s likes the stock. The break-up value is apparently double what it’s tra…
Thanks guys. Never heard of that book (Thinking, Fast and Slow). Will definitely resd it.
Recently bought some MSGS at under $200. Owns the NY Knicks (Basketball) and Rangers (Hockey) teams. All the online betting has been good for sports fr…
Nice to hear from @rono.
Re - “Hide it in the oatmeal.” LOL. No bullion today. But in the 70s I bought 2 or 3 K-Rands. Smoked a pipe back then and used to hide them in a large can of bourbon flavored pipe tobacco. Sweetest smelling K-Rands yo…
@hank Yes with a 6 or 12 pak, what could go wrong!?
Well … say a keyboard error? You meant to wager $50. But in your inebriated state you entered $50,000? Learned about it the next morning.
@Mona - Always love your one-liners. I remember when you told FD one time that he “should be managing money”. And another time you intentionally misspelled a member’s name so as to reflect one of low intelligence! Nicely done.
Sunday’s NFL game of the week on the TV. A 6-pack at your side. And logged in to your IRA at Robinhood placing bets on which team will score next. What could possibly go wrong here?
”The commodity space is complex and the asset class can be volatile.”
Everything from coca beans to nat gas. Generally played using derivatives. Tremendous variation among funds.
Flashback - In March 2020, the price of a barrel of oil temporarily …
This week’s Barron’s addresses the subject. https://www.barrons.com/articles/commodity-funds-active-management-bd7efdaa?st=r6dN7A&reflink=desktopwebshare_permalink
I do not own a commodities or gold fund. I own a real assets fund with co…
”U.S. Stocks Are Now Pricier Than They Were in the Dot-Com Era”
Above story is from today’s WSJ - ”The S&P 500 currently trades at 22.5 times its projected earnings over the next 12 months, compared with the average of 16.8 times since 2000.” S…
One fund is I suppose a worthy endeavor. I considered it - and gave up the idea sometime around 2020-21. The fund I had in mind was TRRIX a 40 (equity) 60 (fixed income) fund. In hindsight it was a fortunate decision not to go ahead because that f…
Thanks @Mark
“Here’s What You Should Do” - By Burton G. Malkiel
A bit presumptuous isn’t he? :)
Agree with the scary part. Sound advice in general. I wonder if the NYT editors created the pompous sounding header?
Author: ”Mr. Malkiel is an A…
”PRPFX has outperformed PRWCX the last 5y, everyone's hard-on here for over that period of time ! --- good on them …”
The information on PRPFX I provided in the thread was solely in response to a question from another participant, @bee. I sold P…
Thanks @msf for the thorough look at what various members submitted.
Re: ”I can understand someone feeling that an individual company is worth $X and waiting for that price, but how does one extend that sense of fair price to ETFs or funds in gener…
