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.
”… the world has changed drastically since Inauguration Day. If you can acknowledge that, you will find the point that you say you are missing …”
Hugh? I was referring to the linked chart Larry. It appears to show the Dow today at the point it w…
@equalizer - Thanks. Excellent article. Helps explain what happened.
I suspected some liquidity issues Friday (possibly part of the referenced ”margin” issues?) - just from the way everything except the very highest rated credits behaved.
Pa…
I’m seeing a DJI low of around 27,089 in March 2020. It closed Friday at 38,315.
Obviously, I’m missing the point here somewhere.
I wouldn’t be surprised to see it test that 27,089 low the way things are going. So far … just a mere 10-15% down…
Power came back on after “only” 30 hours for me compared to 7+ days for my poor neighbors.
Some thoughts -
- Wondering how many have been seriously injured tripping over power cords during one of these unexpected events? Seems likely the biggest …
Here’s what Fido’s analytics pulled up for me this morning.
Domestic Stock 16%
Foreign Stock 24%
Bonds 26%
Short Term 22%
Other 11%
After 2 days buying I’ve moved the equity position from 35% to 40%. The “other” remained stable at 11%. Most of…
Even though I had cash to invest during the pandemic, I hesitated - caught between wanting to exit or take a chance to buy while the market was low. I chose to hold what I had and invested only small amounts at the edges, kicking myself later for t…
Back home. No power or broadband internet. Have gas generator. And getting 3-bars off the nearby cell tower. Plenty of fuel. Will cope. Had to be awful for those who’ve endured a whole week of this. At least it was cold enough that there doesn’t s…
A lot of truth. I drove a nice new Malibu in Florida. Not a bad car. But was amazed how much nicer the Camry rides and drives when I got home. A world of difference. Made me wonder the last time Trump had to drive himself somewhere in a car and …
I would love to hear uncle Louie's take on this whole business.
Me too @Mark - As I recall, Lou had a generally low opinion of politicians in the first place. He’d probably really be scratching his head today …
Been trying to do more buying at F…
I was buying this morning, taking cash from 12% down to 7.5%. (Not all into equities of course.)
** Fidelity’s site was as slow as I’ve ever seen it. “Dead in the water” at times. At one point around 11 AM I received a message “We are presentl…
A photo trip - in more ways than one. (Just tap the X / Shouldn’t need to login.)
https://m.facebook.com/story.php?story_fbid=pfbid0rzXALcs8EqxrNSCdos71NF3GNjWzaP8QZLVdemNMKbT29Lm9YJfYpP1UPAazHzbVl&id=100079639007200
Just a blurb off the internet a few minutes ago: From National Weather Service
“ Extreme weather advisory
3 hours ago
Winter weather advisory
NWS Gaylord MI
* WHAT...Mixed precipitation expected. Total snow and sleet accumulations around one inch.…
Ice storms are real good at taking down power lines. It may be a while before we hear from Mark, Rono, Hank, or Catch22.
Thanks for the concern. Well placed.
“hank” departed for a week in Florida Thurs - a day before the ice arrived. Hoping th…
I think it's great that people think that launching the largest trade war since the Smoot-Hawley tariff will have no significant impact on world equity and bond markets, much less the bank accounts of John and Jane Doe.
It's just not polite to talk…
I suspect valuations had a bigger part to play in Friday’s market than anything else. I don’t know where the bottom or “reasonably valued” point might be for the S&P / NASDAQ / DJI. But suspect we ain’t there yet. Interestingly, utilities &…
@hank - That Silverado w/a 4-banger, I'm severely puzzled as to what they expect to do with that other than proclaim some kind of status badge. IMHO what a massive waste. I wasn't aware that Chevy would even equip one that way and ISTM that little 4…
@Derf - I don’t think they make any distinction between “cars” and “trucks”. All the same to them.
You and I are old fashioned and still think of cars as sedans with a drunk trunk in the back.
So the tariffs will affect SUVs and pickups.
Interes…
Few mid-sized or larger sedans are manufactured by the U.S. makers. Interestingly, Toyota builds the mid-sized Camry sedan in Kentucky - though parts probably come from around the world. But the U.S. makers (Ford,GM) have largely shifted productio…
I’ve caught a few walleyes - but nothing that large. Yes, they taste great - a lot like yellow perch. Not sure what happens when they get that large. Some fish taste better small. Unlike most trout and fresh water run salmon, walleyes frequent shall…
”Only dividends generated from shares held in a basket prior to the ex-dividend date will be allocated to the basket. Dividends from shares held outside of the basket, or in a basket on or after the ex-dividend date, will be allocated to the account…
Thanks @msf. You obviously know a lot more about it than the 2 Fido reps I spoke with yesterday and today. ;)
I’ve got a great portfolio tracker. Slices & dices with ease. So the benefits of their basket were minimal (and $4.99 monthly).
Yes, …
Just short of chaos is how I’ll rate this newfangled “basket” option at Fido.
Yesterday a dividend was received from one of the 9 CEFs. But it was “reinvested” into the fund (as I’d previously established) separately. In other words, the share tot…
Thanks @gman57. I owe you one! All of us occassionally mix political and financial content together - self included. It’s a challenge not to. Let’s try the best we can to keep those separate to the degree possible.
Why?
- Both sides of t…
@gman57
Your post belongs in Off Topic. I don’t think political action planning belongs in the investing section. Of course you are free to travel to whatever events you want and to voice those opinions.
@Old_Joe’s linked article and comment…
@Junkster- Larry B. seems to believe that he is the judge of our "credibility". Your credibility with me is perfectly fine, sir.
Thanks OJ. I was trying to say something along that line tactfully, but couldn’t find the right words. You put it well…
TSLA closed @ $287.99 today up 66.83% over the past year. Over 5 years it is up 740%.
I guess the folks that have held it a while can afford to lose a bit shorter term. I’m not aware of anyone who posts on this board owning it currently. But 5 o…
C’mon @Crash. Why complain?
Get yourself some camouflage to wear, an AK-47 to tote, a big loud oversized red pickup to drive (swap out the headlights with an illegal aftermarket kit to make them super bright), a cool MAGA cap to wear - plus…
I left TRP for the reason cited earlier by @BaluBalu. I’’d shut down a P.O. box used over the years for secure mailings and had switched my settings at TRP to “paperless.” But for months they continued to mail out account statements and other doc…
JD said, "If Trump can disappear them, he can disappear you." Yes. It’s a Putin specialty. He’s really good at it. And he doesn’t mind if he takes out a couple others in the process as in a recent plane “accident” on departure from Moscow.
Not quite ready for prime time! - A good description of Fido’s basket system based on early impressions. Today I increased the CEF basket holdings from 7 to 9. Each has a weighting of around 11% inside the basket. (As a group they represent 17.…
TRP’s retail client interface has been a wreck for many years now. Guess I’m fortunate in that Fidelity had everything I needed ready to download sometime in January.
I’m of an age where « environmental embrittlement » might cause any part of me to fly away. What an expression for « glue failure! »
Mostly held together with glue here … :)
