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.
”HM mentions most of us should be investing in low risk / low volatility debt that will return 7-10% going forward and provide a "fix outcome". Sounds good.
Anyone have a list of such investments?
@bee - You need to mail that request to Santa.
Interesting day, as gold (represented by GLD) is higher, but the miners at mid-day (represented by GDX) were down around 4%.
While PRPFX always gets a lot of attention when precious metals are on the rise, its actual allocation to gold and silv…
It’s chilling that a respected military leader like Kelly observed such behavior and deemed it sufficiently troubling to reveal it to the NYT. May move a few votes. I’m waiting for GWB to come out. I believe his support for Harris could swing the e…
@Derf - Good question. I was aware collectibles like rare coins and precious metals are subject to a higher (28%) tax. I hadn’t considered what happens when those assets appreciate within a fund. So I did a quick read.
Relevant excerpt #1: The f…
@FD - You have conveniently responded to my post about projected Inflation with a straw-man market sentiment case aired by right-leaning CNBC based on “day-after” Wall Street traders’ reaction to Trump’s 2016 election. Since when does a single d…
The Dodgers were arguably the best team in baseball all year. Strong across all positions. However, it appears their starting pitching has been devastated by injury the past few weeks. Interestingly, last night they started a reliever who hadn’t pi…
Relevant story from a current issue of that radical, left-leaning, “commie” tabloid - WSJ
Economists Say Inflation Would Be Higher Under Trump
(Excerpt for those unable to pull up the full story + accompanying data)
“Most economists think inf…
I’d change this to ”Trump Watch”.
The guy’s getting loonier by the minute. Referencing publicly in a disparaging way Arnold Palmer’s apparently unimpressive “apparatus” as described by some who showered with him after PGA meets? Holly Geez. May…
Unfortunately, politics and ideology have become so pervasive in the comments that i can no longer visit what once was a great place to exchange ideas.
That’s the most unkindest cut of all Sir!
I believe it truly remarkable how little politics h…
I could use that Dodge Power Wagon in the winter. Sometimes our rural roads out here go unplowed for a day or two following big storms. Someone I knew bought a new one - probably in the late 60. Stayed in that family for decades until literally f…
Thanks so much for all the photos @Old_Joe. An ”embarrassment of riches”. Wondering if that Case tractor had been painted. The old one I recall was more light orange / yellowish in tone. But badly faded. Probably pre-WWII vintage. Can’t recall the…
@Old_Joe - Nice going. However, I thought you’d say you mowed a good part part of that jungle down to make for safer landings. :)
I was surprised the first time I rode a prop-driven plane when we landed at O’Hare. Sure enough - they really can…
Gold and the pms can be a “rags to riches” story, but at times have also been good at converting “riches to rags”. Prone to multi-year periods of outperformance followed by sharp multi-year sell-offs. As I probably said earlier in the thread, it …
Good story @Old_Joe. Reminds me of watching a big old John Deere diesel get started when I was a kid visiting relatives in Michigan farm country. Gas first. Then when the gas engine was running good it would slowly turn the much bigger diesel eng…
Always been one of my favorite songs. (Not stepping on my toes.) His wife Yoko Ono was later listed as a co-writer of the song. He commented that he’d been inspired to write it by one of her poems.
@catch 22. Getting nuts, isn’t it? The TV com…
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@ducrow - You are correct that HBLIX is a bit more conservative than LOGIX. It holds considerably more fixed income / bonds and a lesser amount of equities. Both look like decent funds. “Year-over-year” LOGIX is up 21.74% (M*) while HBLIX is …
Yeah @Derf. Stuff happens. Our unofficial slogan amongst ourselves at the garage where I worked in the 60s was:
“We’ll either fix ‘em or f*** ‘em.”
All in good humor. Great bunch of guys. We usually fixed ‘em. :)
I listened to most of the Bloomberg interview. It lasted over an hour. I felt Micklethwait did a poor job fact-checking / holding Trump accountable on a variety of issues. I posted some of my reactions in off topic. Just my own observation. Others …
In the 30’s Cadillac had a V-16 engine for its top models; I’d have needed a loan to pay for a tune-up.
Kripes!. That was back in the old days when engines had something called a “distributor.” Imagine that. Do they use timing lights anymore? Alwa…
Oh come on, you guys. Anyone really needing to do serious work drives one of those idiotic Caddy pickups. Looks are everything!
I’d hate for you to see what my old pickup looks like with a ton of driveway gravel in the back. I last washed it 3 or 4…
@ hank. I'm wearing big-boy pants today.
Yep. Thanks @WABC / There was someone here a month or so back who intended to do some stock or index shorting. Admire that kind of bravery.
BaseballFan said - ”The cleaners, no one wears a pressed shirt anymore.... “
There are some better quality shirts that look nice without pressing. And most jeans don’t require pressing.
I’ve cut back on trips to ”the cleaners” from a dozen times…
@hank “Of all my days on the road, I don't recall a Caddy towing anything!”
Ya got a point there @Derf. I don’t either. Nor the big high riding military looking rigs. All for looks ISTM.
Thanks @msf for all the enlightenment. An eye-opener … Don’t really know what to think about the firm’s motives here. Questionable. That said, Cambria has a history of launching some really unorthodox products.
FWIW - Morningstar gives Cambria a …
Weight of EV's. Caught an interesting segment on the TV awhile back . Seems the weight can & will cause more damage when involved in an accident.I hope never to meet one if in an accident! Going through guardrail seems to be a problem.
Be caref…
what age groups purchase what?
https://www.nytimes.com/2024/10/10/business/social-security-benefits-increase-2025.html
From linked article:
”But the index tracks a range of goods and services that are purchased primarily by younger working people…
Hi Ben. Thanks for the comments. Faber spoke in terms of “small investors” in the interview I watched, so the mention of $500,000 surprised me. Fortunately, the video is already available on Bloomberg. Scroll ahead to 16:00 if anyone wants to vie…
Lith-Ion have a nasty habit of catching fire occasionally. ): And they andd extra weight to a vehicle - which ain’t all bad, as may add to better ride.
I wouldn’t have an all-battery powered car due to the range issue. Hybrids using lithium-ion …
