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.
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…
anyone casually familiar with the role of equity within asset allocation would know that malkiel is in the top tier of practical academics, including bill bernstein and mike mauboussin.
malkiel deserves some benefit-of-doubt, basically providing th…
.@hank said- "I ... suspect the issue has even deeper undercurrents".
Yes, I think so also. My comments were just a real quick overview/summary.
What’s wrong with a solid B ? :)
Grade raised to A after further contemplation. I hadn’t quite t…
In some respects the article presents a paradox. In his opening comments Malkiel notes the euphoric state of investors: ”Now, jubilant investors are pushing our market to historic highs …”
From that initial (and accurate) note of euphoria, Ma…
Thanks @Crash. I just purchased film to stream at Amazon for $4.99. Available to watch / rewatch at any time in the future. One may also rent it currently from Amazon for only 99-cents. Don’t know the extent to which Bezos is involved in the ope…
Thanks @Mark
“Here’s What You Should Do” - By Burton G. Malkiel
A bit presumptuous isn’t he?
don't be ignorant )
You’re starting to sound like the other side. Demean the speaker instead of making your own case for your viewpoint. If you thi…
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…
Thanks @bee / The Lynch video looks appetizing, though haven’t yet viewed it. He was a master investor for sure and easy to listen to. Brings back some great memories.
A class act along with Bogle, Templeton, (Michael) Price in the 80s-90s.
At this point, it is impossible for Trump voters to deny the truth …
Yup. I think I just heard John McCain roll over in his grave - again. The Republican party has disappeared in all but name.
I don’t fully understand this venture by our government. Media has been reporting it being under consideration for several days. So not a surprise. It does recall Japan at the depths of their decades long recession. The government began buying stoc…
Thanks @Old_Joe / Will run some tests on an unregistered device before sharing more. 5 monthly allowed. So only 1 remaining this month.
Re the discussion - I’ve held a Real Assets fund (big holding) for several years. Mine is only 5% in gold bul…
Thanks for the link @Mark
”A case study from PMI’s Integrated Report 2021.”
Reads like a letter to shareholders. PMI touts its efforts to become more health oriented, noting its recent acquisition of some businesses related to pharmaceuticals.
…
”Have I been leaving money on the table?”
Without wading into the weeds here, most likely you haven’t been fleeced (left money on the table). Your broker will execute your trade at the best price available. Unless it’s a highly volatile ETF or CEF…
I like to use a real-time stock app in order to set better pricing on stock ETFs.
Yes. I use an app called “Active Portfolio” ($29.99 per year at Apple). Seems very up-to-the-minute (stocks, etfs, cefs). Excellent product if tracking prices is yo…
Thanks @Observant1 / Sounds right. The source I was citing (at near 90%) was a bit dated and referencing the early August probabilities - the 4th of August as I recall. That was much higher than early July (under 50%).
What are the chances Powell w…
According to one of my sources the probability of a rate cut in September is near 90% as implied by Fed Fund Futures. The same source calls the prospect of a rate cut at the September FOMC meet “a virtual certainty.”
Should we be jumping with joy?…
