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.
No. You can’t just respect a judge or court when you like the verdict and then condemn or disparage them when you disagree with the verdict. That’s the game the other side plays.
Thanks @Old_Joe for keeping us posted on the process as it plays…
”Inflows are from indexing being popular.”
Yes. It’s popular because it has worked for many decades. ”Nothing succeeds like success.”.
Is that’s what’s driving the market? Where does relative valuation come into play?
@FD. Thanks. But my ”guessing” is about whether passive inflows related largely to retirement plans is keeping the major U.S. indexes / stock prices artificially elevated? More a question of “why” than “what.” If it is in fact the case it might als…
Is the S&P 500 possibly weighted more in the direction of growth (vs value)? I’m beginning to give some credence to those who argue U.S. large cap valuations are being artificially distorted (to the high side) / kept aloft by passive inflows…
” … probably be satisfied if Congress simply delegated their tariff power to the President.”
Perhaps initially. But there’s a larger issue of whether Congress can constitutionally delegate away to another branch of government an authority they are…
Apologies to @Mark. I’d earlier credited the wrong poster for the Krugman / Ritholtz interview. Edited prior post to give Mark due credit for posting this lively discussion. I guess it is also a plug for Ritholtz’s new book.
Not normally a big Rit…
More ”whiplash” in store for investors. From Bloomberg tonight:
”US stock futures jumped and the dollar strengthened after President Donald Trump's global tariffs were deemed illegal and blocked by the US trade court … Contracts for the S&…
Can someone tell me how to play this good news tomorrow? Stocks? Bonds? Gold?
"More details are needed," Rodrigo Catril, a strategist at National Australia Bank Ltd. in Sydney said in reference to the ruling. "Particularly whether there is an i…
Excellent lively discussion. Filled with chuckles -
“Bonds have no value relative to equities ….You want to be an equity investor because there really is no ceiling to it.”
Edit: @Mark / Thanks for posting both the print & video links!
@Derf - Your topic heading (”Talk About Privacy”) might be a little more focused? Or, are you trying to emulate Vanguard’s more generic approach? :)
I’d say that procedure is pretty normal @Derf. Most, but not all, of my financial institutio…
Funny you should mention GABXX @msf. I was looking at another of their funds, GABCX, last evening and when I ran it on Fidelity’s site I learned they don’t offer it, nor do they offer GABXX. Not a huge fan of Gabelli, but have owned / do own 1 …
LOL @Mona
Similar rhythm & rhyme scheme to Frost’s “Stopping by the Woods … “
"Stopping by Woods on a Snowy Evening" by Robert Frost is written in iambic tetrameter, which means each line consists of eight syllables divided into four pairs, …
Raised portfolio cash from 10% to 15% with withdrawals from more aggressive holdings across the board. That somewhat understates actual short-term fixed income exposure because some of my ”investments” hold or attempt to replicate fixed income as w…
"Everybody has a plan until they get punched in the face." - Mike Tyson. I've always loved that quote.
+1 / ‘07-‘09 was a great “sobriety check” for most of us.
”Perhaps that's why you (@hank) sold?”
I never held a huge slug. It was always in the Traditional IRA. After it closed, the thought of converting a single share into a Roth occurred to me, but I never followed through. I owned DODBX directly in t…
Thanks for the thoughts @fundly. It’s all IRA money. So taxes are little concern. Reaching for yield in the Traditional IRA is an easy choice because I rarely do any trading in it. That’s where I currently have NEAR. But “cash” in the larger (a…
@msf offered this perspective in another thread:
“PRWCX is having one of its poorest performances relative to peers, all the way "down" to the 22nd percentile. Typically growth leaning, it has moved solidly into blend (37% of portfolio is LCBl) sug…
From this weekend’s WSJ
Investors continue to pile into ETFs at record pace
(If you’re not into sports betting at DraftKings, these products are the next best thing.)
FD said, ”I never believed in B&H for decades, the markets keep changing, and sometimes it's for years.”
Somewhat agree. Every 3-5 years I’ve found it prudent to alter the overall mix - even though it is intended as long-term B&H. An exam…
IAF (Australian Equity Market Index CEF) is up 8+% past month. I bought a bit (2% of portfolio) at an opportune time back in mid-March. What I like is it’s about as far away from Washington DC as you can get. :)
Keeping it for the long haul. (n…
FXE (Euro) +10.27% YTD (vs Dollar)
FXF (Swiss Franc) +10.47% YTD (vs Dollar)
Depends on how much, if any, your fund hedges back to the Dollar. But to varying degrees the outperformance this year in European funds is reflective of a weakening Dol…
”The main concern with doing simple (straight line) extrapolations is that they assume nothing will change.”
Yes. Could have worded my comment better. And nothing ”run of the mill” about the pretty good funds I listed.
”projecting out what that …
Hasn’t been as bad a year as the headlines and talking heads on Bloomberg, etc. might lead one to believe. I posted elsewhere that both DODWX and DODFX are up double digit year to date. So is GLFOX which invests in infrastructure, mostly in Europe…
too subtle i guess.
Yeah. That’s one word for it.
It might make me feel better to fling mud at the other side and enumerate all their shortcomings. But it doesn’t do a damn bit of good for my financial bottom line. Investing is about growing weal…
“i don't disagree with gop of 2011 regarding most recent credit downgrade, in particular "...has destroyed the credit rating of the United States through his failed economic policies...".
Yes - One man in just 4 months in office has completely de…
Thanks @Old_Joe - I have no objection to others discussing the related politics. Since I’d earlier posted in another thread that I wasn’t blaming Trump, just wanted to be clear why I said that.
“not blaming trump?”
I posted earlier in regard to how the downgrade may affect mutual funds I might own or be thinking of buying. I don’t do politics - at least on public forums. I hope there’s still room on the board for people like myself who…
Thanks @msf.
Yesterday, having raises my cash level recently, I moved about 50% of it into NEAR. I realize that’s not the same as cash, but willing to go out a little farther on the curve for my purposes. It’s in the Traditional IRA. Most of my tr…
This inflation issue has been tossed around (flogged to death) repeatedly here and at FA and everywhere else over the years.
Some believe the govt. numbers adequately reflect inflation. Many dispute them. There are many variables that enter in.…
”Many institutions have (or had) a rule that they could only invest in securities rated AAA by at least two of the big three NRSROs.”
- What AAA options still exist for these money managers? Some other foreign countries? Some large corporations? …
Nothing significant on last direct deposit May 14. Of curiosity, the bank robo was still depicting the transfer as “pending” on the due date rather than deposited as in the past. However, 100% was available to me. I wondered at the time if I’d per…
The airline industry is hardly recognizable today compared to the 70s. Eastern, Republic (later U.S. Air), Northwest were all big in Detroit. Never flew TWA or PanAm but both were also very big in the day.
Rental cars were a scam however. Up…
Both of you are correct @Yogi &@catch22. Too many “balls in motion” to get an accurate read. But I was surprised (not comforted) that the amount remaining in my IRAs today, after appreciation of course, (in theory) should “buy” more goods…
“ … the only investment site I’ve seen where political posts—by a huge margin from one side of the aisle—have hijacked the conversation and driven incivility to the forefront.”
@FD1000 - I just counted the threads directly under this one and …
