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.
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?…
Depends on the meaning of “fix.” - From The Britannica Dictionary:
”to control or affect (something, such as a game or election) in a dishonest way
They were accused of fixing games in college.
The election was fixed.
fix a parking ticket [=arrang…
That's approved... Maintain present attitude and advise any further change in flight plan.
:)
Suppose I might request a more positive attitude. Going down ….
Thanks @yogibearbull.
A subscriber. Pulled up the article which bears out what I expected.
”Workers across nearly all age groups are investing record portions of their 401(k) accounts in equities. After years of relentless market gains, they are e…
”Who would guess small and cheap drones are so devastating against tanks and ships.
Japan figured it out in WWII - Except their “drones” were piloted by humans.
Albeit - Today’s suicide craft are smaller and lighter and are piloted remotely or …
How much would a Trump guarantee be worth?
Wonder if you can buy those on ebay?
Sounds like these European leaders are trying to intervene and prevent Trump from rather rudely dismissing Zelensky the way he did last time the Ukraine leader visited…
”It takes money to make money … ” - Old cliche. So true. So the cost of drawing down may be greater than it seems.
All kinds of factors to weigh -
Is the money coming out of a Taxable account, Traditional IRA, Roth IRA?
Are you sitting on a 3% mo…
I rely mostly on a few OEFs for the large core positions. But my etf / cef holdings have grown in number with the incorporation of 2 Fidelity baskets. I assume @msf would also consider CEFs as well as individual equities pertinent to the discussio…
DEFCON 4 for me
Marks is a pretty deep thinker. Few of us possess the equanimity and patience needed to be a deep value (distressed debt) investor like he is. His approach to markets & investing feels miles apart from equally successful Ric…
@hank,
Do you consider PRPFX a permanent portfolio hedge?
For example, it's LT Bonds holdings should appreciate if ST rates are cuts.
It is ranked #1 in its category YTD, 1 YR, 3 YR, & 5 YR. Impressive.
Good question @bee
Yes and no!
It’…
Created a “hedge” position consisting of 10 etfs / CEFs which may not appreciate much in good times but may outperform if or when the new ”permanently higher plateau” gives way. Funded from sale of the 14% TRTY position. For $4.99 monthly Fidelity…
Thanks. Learned more than I wanted to.
I’ve made a few pennies in the past shorting some / all of the 3 major indexes over short periods (couple or few weeks). Luck. Could have gone either way. And the gains weren’t large. You’d have lost your …
Inflation at the Home Depot paint department today. They no longer hand out a free stirring stick or two when purchasing a gallon of paint. Good thing I live in the woods with a ready supply of them.
Oh damn! I’ve been using those for fire wood in …
Thanks @yogibearbull. I was half-watching BB this afternoon. They were having fun showing Trump saying the search was down to 2 or 3 candidates for “it” (the Fed Chair). Freudian slip. Next, they showed Bessent saying he would be interviewing 10-…
LOL. Re - Chicago O’Hare. “Runway Heaven” - One typically taxies 45 minutes or longer after leaving the gate. Sometimes for a 20-25 minute flight. Nuts!
Sounds like a fun game @catch22 / Getting airborne is half the battle … :) Those “int…
Thank you @Observant1.
Wow. An awesome list. American Funds always seems to do well. I never owned them but believe @Old_Joe does - or did so in the past.
Can’t say I own any of these. I’ve had decent success however buying funds M* awards a g…
I did have the only video game I ever enjoyed that ran on my Commodore Vic 20 around 1980. (“Sea Wolf”?) Probably loaded it off of a cassette tape. Might pre-date the internet. But I loved that game. Very simple. Ships would sail across the scre…
Giroux feels strongly that vast majority (not all) of Trump tariffs will be declared unconstitutional by courts. How will markets react to that if/when it happens?
Well … normally, the “smart money” would have priced that in by now. But I’m not sure…
Just looking at a few other funds in PRWCX’s league - perhaps not as good:
From M* 15 year average annual return:
PRWCX 11.96%
GLFOX 10.98%
DODBX 10.24%
10 years
PRWCX 10.86%
GLFOX 9.30%
DODBX 8.76%
5 years
PRWCX 10.94%
DODBX 10.71%
CPLSX 10.…
.
Best to you, Accipiter, wherever you are now. Thank you so much.
+1
I miss old dial-up’s soothing clicks & chimes. But not much else about it!
Good old days! LOL
Thanks @yogibearbull
Not one here to pay a lot of attention to Morningstar classifications in choosing investments.
Suspect in the past some retail investors may have viewed Alts (incorrectly) as “hedge funds for small investors” since hedge fun…
How about ”Tactical Allocation”? I’m thinking they may have taken up some of the slack.
“Alts” (Alternatives) is a curious name to begin with … A pretty wide door…
I won’t dispute that as a group they’ve disappointed over the time frame noted…
Interesting comments & additional materials. Thanks all!
Inflation: We all know what it is. We can see it in the prices of things we buy. But how do you measure / quantify it accurately? Is that even possible?
Life in the 1800s was a lot d…
I’ve followed aviation accidents for over 50 years as I’m sure you have OJ. Perhaps we’ll never know for sure what led to this. But that aircraft was very stable with nose up configuration right to the end. No total systems failure. It takes a lot …
But he’s promised to “get rid of homelessness” in the city and also to get rid of the slums. A worthy goal. Who wouldn’t wan’t that? If he can help these poor souls obtain better housing / living standards, I might become a MAGA believer.
W…
Maybe this pay-to-play scheme (export tax) is the real reason Tim Cook cozied-up at the White House a few days ago. Are there any prohibitions on what Apple can sell to China? If so, might there be ongoing negations now of the type NVDA seems to ha…
”I would define AWD, as opposed to 4WD, as having front wheel drive bias and/or no low gear on the transfer case. Perfectly fine for the vast majority of circumstances, but distinctly different in design.”
Exactly. And thankfully Toyota is now putt…
https://www.gminsidenews.com/threads/how-pickup-trucks-got-so-big-size-weight-and-safety.306761/
One online chat response to how Americans transitioned from sedans and small cars to mammoth sized trucks:
”They regulated away our big cars like 90's…
A very thorough comprehensive discussion of some cash-like alternatives by @msf …And thanks!
I had thought JAAA was “good enough” for my less stringent needs and held a lot going into the late March / early April market drop. But when the initial…
Will this cut of 15% cause the value of the stock to drop by 15% or more?!
Normally it should have some adverse effect, but stocks only go up these days. If this extortion scheme works, what other U.S. companies may need to pay-up? In normal mar…
Cool. The El Camino came out when I was in high school. A classmate somehow bought one new. Very sharp! I don’t know what was under the hood, but the thing moved. I’m in favor of whatever can be done to wean buyers away from the big rolling houses…
