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@hank,
Do you consider PRPFX a permanent portfolio hedge?
For example, it's LT Bonds holdings should appreciate if ST rates are cuts.
It is ranked #1 in its category YTD, 1 YR, 3 YR, & 5 YR. Impressive.
Good question @bee
Yes and no!
It’…
Created a “hedge” position consisting of 10 etfs / CEFs which may not appreciate much in good times but may outperform if or when the new ”permanent plateau” gives way. Funded from sale of the 14% TRTY position. $4.99 monthly allows an unlimited …
Thanks. Learned more than I wanted to.
I’ve made a few pennies in the past shorting some / all of the 3 major indexes over short periods (couple or few weeks). Luck. Could have gone either way. And the gains weren’t large. You’d have lost your …
Inflation at the Home Depot paint department today. They no longer hand out a free stirring stick or two when purchasing a gallon of paint. Good thing I live in the woods with a ready supply of them.
Oh damn! I’ve been using those for fire wood in …
Thanks @yogibearbull. I was half-watching BB this afternoon. They were having fun showing Trump saying the search was down to 2 or 3 candidates for “it” (the Fed Chair). Freudian slip. Next, they showed Bessent saying he would be interviewing 10-…
LOL. Re - Chicago O’Hare. “Runway Heaven” - One typically taxies 45 minutes or longer after leaving the gate. Sometimes for a 20-25 minute flight. Nuts!
Sounds like a fun game @catch22 / Getting airborne is half the battle … :) Those “int…
Thank you @Observant1.
Wow. An awesome list. American Funds always seems to do well. I never owned them but believe @Old_Joe does - or did so in the past.
Can’t say I own any of these. I’ve had decent success however buying funds M* awards a g…
I did have the only video game I ever enjoyed that ran on my Commodore Vic 20 around 1980. (“Sea Wolf”?) Probably loaded it off of a cassette tape. Might pre-date the internet. But I loved that game. Very simple. Ships would sail across the scre…
Giroux feels strongly that vast majority (not all) of Trump tariffs will be declared unconstitutional by courts. How will markets react to that if/when it happens?
Well … normally, the “smart money” would have priced that in by now. But I’m not sure…
Just looking at a few other funds in PRWCX’s league - perhaps not as good:
From M* 15 year average annual return:
PRWCX 11.96%
GLFOX 10.98%
DODBX 10.24%
10 years
PRWCX 10.86%
GLFOX 9.30%
DODBX 8.76%
5 years
PRWCX 10.94%
DODBX 10.71%
CPLSX 10.…
.
Best to you, Accipiter, wherever you are now. Thank you so much.
+1
I miss old dial-up’s soothing clicks & chimes. But not much else about it!
Good old days! LOL
Thanks @yogibearbull
Not one here to pay a lot of attention to Morningstar classifications in choosing investments.
Suspect in the past some retail investors may have viewed Alts (incorrectly) as “hedge funds for small investors” since hedge fun…
How about ”Tactical Allocation”? I’m thinking they may have taken up some of the slack.
“Alts” (Alternatives) is a curious name to begin with … A pretty wide door…
I won’t dispute that as a group they’ve disappointed over the time frame noted…
Interesting comments & additional materials. Thanks all!
Inflation: We all know what it is. We can see it in the prices of things we buy. But how do you measure / quantify it accurately? Is that even possible?
Life in the 1800s was a lot d…
I’ve followed aviation accidents for over 50 years as I’m sure you have OJ. Perhaps we’ll never know for sure what led to this. But that aircraft was very stable with nose up configuration right to the end. No total systems failure. It takes a lot …
But he’s promised to “get rid of homelessness” in the city and also to get rid of the slums. A worthy goal. Who wouldn’t wan’t that? If he can help these poor souls obtain better housing / living standards, I might become a MAGA believer.
W…
Maybe this pay-to-play scheme (export tax) is the real reason Tim Cook cozied-up at the White House a few days ago. Are there any prohibitions on what Apple can sell to China? If so, might there be ongoing negations now of the type NVDA seems to ha…
”I would define AWD, as opposed to 4WD, as having front wheel drive bias and/or no low gear on the transfer case. Perfectly fine for the vast majority of circumstances, but distinctly different in design.”
Exactly. And thankfully Toyota is now putt…
https://www.gminsidenews.com/threads/how-pickup-trucks-got-so-big-size-weight-and-safety.306761/
One online chat response to how Americans transitioned from sedans and small cars to mammoth sized trucks:
”They regulated away our big cars like 90's…
A very thorough comprehensive discussion of some cash-like alternatives by @msf …And thanks!
I had thought JAAA was “good enough” for my less stringent needs and held a lot going into the late March / early April market drop. But when the initial…
Will this cut of 15% cause the value of the stock to drop by 15% or more?!
Normally it should have some adverse effect, but stocks only go up these days. If this extortion scheme works, what other U.S. companies may need to pay-up? In normal mar…
Cool. The El Camino came out when I was in high school. A classmate somehow bought one new. Very sharp! I don’t know what was under the hood, but the thing moved. I’m in favor of whatever can be done to wean buyers away from the big rolling houses…
The new bond sleeve of OAKBX may be attractive to some.
Chicago-based Harris is basically a boutique equity shop. It didn't have much analytical capability in bonds. But the old OAKBX with about 60% stocks and 40% in Treasuries/Agencies and investm…
@fred495
Congrats & thanks for sharing. Have you tried dissecting the fund’s holdings / positioning to determine where the outsized gains have come from? Things like opportunistic short positions, high yield bonds, exposure to gold … big tech…
”I miss the shareholder letters from the portfolio managers …”
So how did the SEC manage to remove those - or some of them anyway?
After buying OAKBX couple months ago (which had been a stalwart of mine under Studzinski), I tried to pull up the …
Absolutely fascinating (and common-sensical). Thanks @rforno.
I recently bought TRTY which diversifies broadly across global equity and fixed income markets. Claims to have 35% in a momentum based strategy. Ummm … call me Dufus!
Fund lost only…
Thanks @yogibearbull. Most of the articles I’ve seen on TIPS are positive. This one is an outlier (which I was searching for). Yes, it’s somewhat dated - referencing the 2020-2022 period. I think it says more about the herd mentality of reta…
Somewhat related. From an interview with Jack Ablin, chief investment strategist of Cresset in this week’s Barron’s:
“Ablin considers the S&P 500 index about 27% overvalued today, based on the divergence between corporate earnings and dividend …
Fred said ”However, my bottom line is a fund's risk/reward profile, not its fees”
I think there.’s a good case to be made for that line of thinking. More true I think in “frothy” markets like today or for someone in their “golden years”, more co…
Hank,
Miss the Contrarian Chronicles from 20 years back on MSN Money.
“It became a must-read for investors burned by the dot-com bubble and wary of Wall Street's pervasive optimism. The column stood as a stark, often witty, counterpoint to the pr…
Bill Fleckenstein is a virtual encyclopedia on the precious metals and miners. I’d be much wealthier had I followed 100% of his advice going back about 5 years. From yesterday’s ”Daily Rap” (8/09/2025):
”… these tariffs won't impact demand or the…
“For a 'gambler at heart', who likes NEAR and is concerned about inflation, why not VTAPX? It seems to correlate pretty strongly with NEAR over the recent cycle w a bit more volatility and a good bit higher return. Plus, you get bonus inflation prot…
A great example of lying with numbers.
12b-1 distribution 0.25%. Other 0.19% = 0.44%
Acquired fund fees 2.86% (Magical accounting used to ignore these fees.)
TOTAL 3.30%
Ditto!
The FOFs I’ve used in the past (T Rowe Price / Cambrea) did no…
