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hank

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hank
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  • @BenWP - Not dumb for paying for it. I think the price a bit steep unless one uses all their other features. I don’t. But nothing wrong for paying for good service. My guess is that with Apple and some others helping users block tracking cookies, t…
  • The broader market on Thursday, the day after 75 bps rate hike is all red. And now it is in bearish territory with DJIA dripped below 30,000. Yes - I noticed the slide to below 30,000. What a contrast to less than a year ago when some were buying …
  • I pay about $50 yearly for an app from Apple’s store. Positives and negatives. Usually one of the prices on a fund is inaccurate or missing. M* has been fine over several years. I’m looking now at Yahoo‘s free tracker. Provided recovery email. …
  • Personal Capital is a good (free) choice, which I use for periodic snapshots of my portfolios. These guys require a phone number. Wondering if they’ll sell it to advertisers or use it to pester you?
  • I may be “whistling in the graveyard.” But, when I see PRWCX (no matter who the manager) off 15+% YTD, it gives me hope the broader equity indexes are near half-way down to their maximum losses. Check ‘07-09. I think the fund’s around 50% of the w…
  • I still like the p/ms. Plunked a bit more in OPGSX today. Turkey fell over 7% yesterday alone. Maybe the Fed can help. :)
  • Not too bad considering its Fidelity and Vanguard peers are down a good bit more: TRAIX (I class of PRWCX) (14.95%) FBALX (19.09%) FPURX (17.36%) VWENX (17.55%) and outperforming S&P 500 substantially DODBX is down 10.56% YTD (lags farth…
    in 2022 YTD Damage Comment by hank June 14
  • Thanks both. I did consider some type of 50/50 bucket (using bonds) but things are complicated enough - so why add more complexity?
  • 'Extreme Panic': 3 Reasons Why Bitcoin Is Plunging - Story This is one thing I’ve never messed with. Not that being in the stock market has been much fun lately. Sad for those harmed and worrisome for the economy and other markets I’d suspec…
  • There seems a leak or many guesses in the media about 75-bps hike. Also, this Friday is HUGE options expiry day - triple/quadruple witching. Double your pleasure … Double your fun …
    in 2022 YTD Damage Comment by hank June 13
  • Maybe he actually makes more sense when he's inebriated? Could be. He’s certainly no Ben Franklin - “Eat not to dullness; drink not to elevation”. “Franklin began his list of virtues with temperance because it was the virtue that would develop th…
  • I agree with this article. The first one was the best sign of a 'top' in crypto, in my view. Yep - Lots of good stuff there. :)
    in 2022 YTD Damage Comment by hank June 13
  • @rforno - Sounds logical. I’m thinking a half point rate hike. But language designed to ease the market stresses. Potentially a rebound Wednesday - if only short lived. It feels more like “investing” now. Things got too damn easy for a few years. :…
    in 2022 YTD Damage Comment by hank June 13
  • Thanks. Looks like good bedtime reading. (The short version is fine.none need to link the 15 page White-paper.)
  • Spot-on @Tarwheel Also … Some interesting commentary by those “left wing extremists” over at CNBC.
  • The VIX gets tossed around a lot by media pundits. One noted recently that there won’t be a correction “while the VIX is stuck in the mid 20s”. I suspect that it is widely misunderstood. ISTM it is tied to the prices being paid to purchase protectiv…
  • Yes. Sorry. Did not mean to implicate the entire market. The NASDAQ is what got hammered. It was the hottest sector. And the internet related stocks inside the NASDAQ is where people had been speculating wildly in the late 90s. Guess I was thinki…
  • A good day to try and separate the babies from the bathwater. Both being tossed indiscriminately.
  • Tell me how far ARKK or TRBCX can fall - and I’d have a better idea where to enter. :)
  • Ha! Joe, Janet and Jerome all agree it’s “way too high”. So, perhaps it is. Some of this, however, is political posturing. And Powell may be in sympathy with bankers who don’t like inflation because loans get repaid in cheaper dollars. Who knows? …
  • Thanks @rforno Let’s see … What to buy tomorrow? :)
  • Fools wade in … ISTM that sometimes rights guaranteed by the Constitution conflict with each other. “We the people“ and our legislators and courts need to sort that all out - establish priorities. Before the 2nd Amendment, in both actual placement…
    in 2022 YTD Damage Comment by hank June 12
  • Has any country ever targeted a set level of inflation and adhered rigidly to it? I’d be interested in examples. Sounds like a dubious proposition. Many external factors enter into the level of inflation - not the least of which are the prices of im…
  • @yogibearbull - Thanks. People here won’t believe me. But I believe we’ll be reading similar stories about the price of crude oil in 1 or 2 year’s time.
  • Great cartoon. Anybody who shopped for home furnishings and/or wood products during the past couple years had to be struck by the scarcity of supply and exorbitant prices. Seems like everyone decided to add a new deck to their home or replace worn L…
  • Can’t complain. Doing better than deserve. Buffett threw me a plum when he bid for Allegheny. I sold the same day for a 25% overnight gain. It only represented about 5% of portfolio - but certainly helped. I finally aborted a small hold in GLDB. T…
    in 2022 YTD Damage Comment by hank June 12
  • The stock market’s leaking! You’re right @Derf. Nothing new. Cathie’s down about 57% now ….. Some YTD Numbers: Dow -13.61% S&P -18.16% Russell 2000 -19.82% NASDAQ -27.52% PRSIX (40/60) -12.06% PRWCX -12.53% TRBCX - 32.77% What’s up? …
  • Yes - Gloomberg covered it.
  • Thanks for the additional remarks @LewisBraham. Was just waiting for a chance to share your recent piece. Agree there are substantial differences. For a long while James Stack has been recommending around 10% in a low cost inverse bear fund and …
  • “How to Build Your Own Hedge Fund For Less” - By Lewis Braham / Barrons, June 2, 2022 The LINK worked for me on the first go. Give it a try.
  • Here’s the picture @Derf referenced from the article by Charles Boccadoro. Giroux maintains a 3-5 year investment horizon. Takes a leap of faith for some of us to think that far out. So Giroux has an advantage over many of us. It’s not his money. …
  • More insanity - Party turns on New York Congressman after he supports gun safety legislation. Blowin’ in the Wind
  • What is negative with EPD? Something to do with the fund? - EPD the stock is a limited partnership with energy holdings and it is positive for the year. - Since your question refers to “fund”, most likely you mean EPDIX, the mutual fund, which in…
    in EPD Comment by hank June 6
  • I continue to own stocks. :) My earlier pessimistic summation was an attempt to identify Dimon’s perceived “hurricane”. (What was he thinking about?) Were Sir John Templeton still alive I believe he’d eloquently make the contrary case by pai…
  • Jamie always sounds to me like he’s got half a toot on. Not that I’d hold it against him. Wondering if comment was made before or after lunch? In the town I grew up in the local bankers were the worst of the lot. Rarely blew a sober breath after lu…
  • ”Generally I’d stay away from funds so labeled or named. Strategies vary and they can be a lot riskier than the name implies.” @Mark - It’s not for me to tell people what they should or should not invest in. I was simply sharing my own personal vie…
  • OK - It has averaged nearly 14% a year for 3 years. I think you should buy it @larryB.
  • @ Old -Joe. SCHD has a track record that goes back to 2011 if I am not mistaken. Not the oldest ETF out there but no longer brand new. Maybe it replaced Schwab’s older income generation behemoth? “Schwab YieldPlus - The theory behind ultrashor…
  • Generally I’d stay away from funds so labeled or named. Strategies vary and they can be a lot riskier than the name implies. One possible exception (perhaps not a “pure play” on that category) is VWINX. It is consistently praised by board members.