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.
"Buy low, sell high."
I don't invest in individual stocks (except for one stock) but I would heed the following advice if I did.
Bolding was added for emphasis.
"Don't gamble; take all your savings and buy some good stock
and hold it till it goes …
All true. This rollout might say something about the appetite for risk taking by the public today.
Another thought is - maybe they'll load up on SpaceX when it does an IPO later this year.
I get bad vibes about Tuttle. Don't know why. M* is pret…
Interesting.
Earlier in the week I off-loaded a small basket of individual stocks (BRK-B about 40% of the lot and 5 other). The old expression "If you can't stand the heat ..." comes to mind. There's a reason mutual funds were invented and rose …
From Markets A.M. newsletter by Spencer Jakab.
On this day in 1980, gold hit a then-record price of $850 per ounce.
Gold dealers predicted that the price would hit $1,000 per ounce by July,
and U.S. Secretary of the Treasury G. William Miller said,…
It's an interesting discussion which various board members have touched on elaborated on over the years. First, we need to agree on / define what the bucket approach espouses. Many conflate this with standard portfolio allocations (% to cash, % to…
How exactly does this interruption in service differ from the way we've come to expect M* tools to function?
The little wheel that spins will be turning in the opposite direction.
@bee - Thanks for the excellent NPR article
"We went shopping for the $3 dinner and actually found it." (From the WSJ)
Brief excerpt - "A spokesman for the Agriculture Department said it found thousands of meal combinations that would meet its cr…
@bee - Never disrespect the penny. Franklin's famous proverb probably appeared in his 1732 Poor Richard's Almanac. If allowed to compound annually at 5% interest over the 294 years since then, his penny would be worth nearly $17,000 today.
Cal…
Not into the metals. Just don't hang on to anything that's already appreciated so much. I did a lot of trading in physical silver bars in the late 70s. One day a pair of jerks who were parked in the coin dealer's lot surveying the clientele trail…
"If just a few years ago someone had tried to convince me that this was even possible I would have written them off as a ridiculous alarmist"..
An alarmist here. Feels like the world's turned upside down. One thought is that maybe buying foreign st…
One day hard to say. But over coming months U.S. occupation of Venezuela should increase the supply of oil, bring down prices further which might in turn push the reported CPI a bit lower. if the CPI falls, the Fed will probably lower rates whi…
Thanks for the updates @rono. A month or two ago I stumbled across a rough looking old "Prospector" 1-ounce silver bullion coin in a junk drawer. No recollection where it came from. But the kind of thing I might have gifted family members on some sp…
One otherwise constructive frequent poster seems to frequently suggest death to the President with the statement "Is he dead yet?" I feel this is wrong for many reasons and might actually incite someone less responsible to act out the implied threa…
Sounds like they have an aging "senior" staff! Cut 'em some slack.
As long as they have your current 2026 balance with them correct (not 2021's) you're OK.
Thank you @Chip. An old stick-in-the mud here. Always read scrolled version. Looking forward to it.
Here I'd thought you guys had made a new "New Year's resolution" to always publish on the first of the month! :) Enjoy the break.
I try to avoid the political wrangle. But I'm perplexed by the seizing of large super tankers loaded with oil as a way to fight drug use in the U.S. Notwithstanding "The Butterfly Effect" which teaches that everything is affected by everything else…
Not a TV series. But last evening I finally got around to watching "Good Night and Good Luck" - the Made for TV version of the Broadway production with George Clooney which was recommended by @Crash on this forum several months ago. Using a home mov…
A link here to a Faber interview with Rick Rieder in which they chat quite a bit about how much end-of-year performance really means. I've linked the thread containing the interview to avoid cluttering up this thread.
American Funds often comes i…
Growing up this Auld Lang Syne recording by Guy Lombardo's Orchestra (1953) was a staple of New Year's Eve celebrations. Suspect it still is today. What magnificent horns! No doubt it would blow us away if recorded using today's technology.
A good…
Clothesline? Growing up we had a couple in the backyard. ISTM ours were strung between house and garage. But many homeowners cemented the end poles into the ground. That was before either (1) electric dryers became available or (2) mom and pop cou…
@hank There should be a small amount of adjustment of the bracket that holds the manual worm gear that is positioned against the gear teeth at the bottom of the chute assembly. And lubrication allowing for free movement of all parts is very import…
Thanks @DoctorVenture & @yogibearbull for the leads ...
Model HS928 K1TA (Purchased 2013 / likely prior year model)
The Honda blower does not have a powered chute. Just a (less than easy to use) hand crank at operator lever for the directio…
Sore from stem to stern after fighting with the snow & snowblower 2 hours today. Snow depth had settled to less than a foot. But very dense & heavy. Looks like more lake effect heading our way. Should be lighter substance to drive through o…
@rono said,
"What I treasure is the knowledge I gained on this board from so many people over so many years."
+1
A few names remembered ... Maurice, MJG - and Flack, the technical analysis fella, who often confronted him.
Ted ("The Linkst…
@hank, Making buckets of ETFs enable one to explore your ideas and themes as part of the strategies. Will watch your progress.
I use the alternative bucket as a low correlation vehicle to equities. Precious metal is fine but they are for good tra…
@Sven said,
- "These days we rebalance when the opportunities present themselves."
Agree with ya there. Lock-in gains - especially the nice ones.
- "Picked up few shares of SLVR and GDX to increase the alternative bucket."
I won't touch prec…
Nice setup @Old_Joe. I should look into something similar. Heat with propane here. A 500 gallon "pig" on the property. So would be easy to power a generator with it. I have a 25 year old Honda gas only generator. Damn things don't wear out becau…
Appreciate all the comments. Glad you're warm and safe @catch22. Nasty across the state.
I forgot to mention earlier that several hours of freezing rain preceded the snow event. That, combined with high winds, is what knocked out power. Was real…
Hank,
That's quite a storm!
Be careful out there.
Thanks @Observant1 / Grateful for whatever lineman ventured out in this storm to restore power. Do have a generator - but limited amount of fuel on hand.
Got bored after selling all my stocks. Started new basket today called FD1000. (Guaranteed not to lose money). 40% BRK-B / 20% each AJG, KR, NSRGY / A smallish amount. For comparison purposes: less than a 4-5 day trip to NYC with travel, enterta…
