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.
Thanks @Observant1 for the “probing” article on Americans’ current love affair with stocks. In reading I became curious about the author. From the linked article: “The typical salary for a journalist in the United States is $49,887 per year”. Had n…
(Excerpted from Fidelity’s Glossary of Terms
“Other-The "Other" category includes non-asset class holdings (i.e., other than stocks, bonds, and short-term investments), including, without limitation, derivative securities, options, preferreds, con…
I believe I’m done on this thread. Friday I consolidated down from 10 positions (10% each) to 8 positions (12.5% each). One of the 8 positions is cash - but largely kept in short term bond funds. The 2 positions dumped were the long-short fund NLS…
Some would say $1 is quite generous.
Might be worth a gambit at $15.98. I see a reasonable chance the election ends up in the courts. Stock would soar briefly in that event. Then sell it fast before the final verdict is rendered.
Gotta know when …
Among Bloomberg headlines, I couldn't make sense out of,
"Pimco Sees BOJ Hike as Soon as January, Likes Long-Term (Japanese) Bonds"
Normally, buying bonds ahead of rate hikes isn't a great idea. Does Pimco think that expected bond hits have already…
+1 Hope you’re correct. Just sharing an article that caught my attention this evening on my Bloomberg feed. It’s hard to link directly to Bloomberg. Was easier to track the (same) article down at Yahoo and link thru them.
Other headlines Su…
:( Thanks for reminding me of that. It was a very nice day until now...
Ditto. Time for an “old-geezer” drink! / Where the hell did I put that bottle of prune juice … ?
:)
Thanks for the suggestion @MikeM. I’ll check that some day later in the week when logged in and report back. I for one would certainly appreciate it if that’s the case.
+1 Anna & Catch.
Rarely do we share our age or what our investments are intended for. If you are 25 - close your eyes. All will be well. If you are 50, maybe squint a little. But if you are over 75 and counting on those investments to susta…
Thanks @MikeM
20% sounds about right if they’re including options held by the funds you note. I don’t own any funds that play overtly in the options markets. But, no doubt, some of them utilize them to a small degree. My 9% is (hopefully) reflecti…
Here’s the total wreckage over 17 consecutive months (‘07-‘09). The ‘07-‘09 bear market was one of the shortest in history.
Wikipedia ‘07-‘09 Total Bear Market Losses
NASDAQ - 55.63%
S&P 500 - 56.78%
DOW - 53.78%
The chart abov…
I’m in rare agreement with @Baseball_Fan on this one.
Yes, over the long haul markets go up. Equities beat cash and bonds over very long periods. It’s been demonstrated that dead investors outperform living ones. But there are always lurking the…
Thank you for the update. Always wonder how Fidelity execute ETFs versus OEFs (end of the day’ NAV)?
I think I know what @Sven is asking … Yes, ETF’s sell at whatever the current intraday ”offering” price is. That’s generally a little below the c…
Thanks all for the excellent data folks. Most interesting. It even made Vanguard’s Small
Cap “Value” Index fund. Amazing. I guess index funds work in strange ways.
Thanks @Observant1 / Hope it helps.
In terms of gold, I prefer at my age to play indirectly through diversified funds. Both PRPFX and GAA have some precious metals / miner exposure. One thought in consolidating down to a smaller number of holding…
Sorry @Baseball_Fan Can’t pull up the linked source.
I do not use any particular planning tools. I invest primarily in a wide variety of actively managed moderate risk funds. All (except PRPFX) allow the manager a lot of discretion in what to…
Thanks @Mark. Yes, great movie clip. Dean Martin never sounded better.
My initial feed led to 10 or more country musicians back to Gene Autry. Who knew that he flew military aircraft during WWII? I’m not sure those same clips will surface for …
Sounds like these folks need another big tax cut. :(
Seriously, I’ve been contemplating a special “yacht tax” to try and even the score. The widening wealth gap in the country is obscene.
Proposal: For every foot in length over 40’ their incom…
The above mentioned Cabinet suggestions are all individuals willing to put personal gain behind them for the good of the nation. JFK would need to add several more chapters to his Profiles in Courage today. The book left an indelible impression…
There must be some psychology behind these often nasty obscene controversies he creates. I don’t think it’s by accident. A certain element of the population is attracted to this. I think he has two main constituencies: (1) The smaller in number (b…
”I wonder where the hell they find these financial "journalists". I guess the same place they find the so-called "analysts" who simply follow each other around staying close to consensus "thinking". Maybe they recruit in middle schools!
(Comment …
I don’t think it could have gotten more lopsided than this year. But, then again, I’m always surprised at the irrationality of crowds and the power of herds to move things.
Yes.
It's been rumored that the issue might involve distributing futures trades/positions unequally among privately managed accounts. I haven't been able to verify that so I shot first thinking that I could always buy my holding back if I wanted to.
I th…
From Morningstar today (Excerpt):
”At this point, we know little about the shakeup at Western Asset Management. Leech’s departure comes just a few months after another key leader, John Bellows, abruptly left the firm. Like Leech, Bellows was though…
@Mona- it's usually a good indicator of the value of someone's opinions when they don't know the difference between "effect" and "affect", and can't write a paragraph in reasonably coherent standard English.
I once said something like that too, but…
C’mon FD. I was just trying to summarize Howard Marks’ rather well known approach to investing as he has elaborated on in scores of Oaktree “memos” over the years and also in several books. No intent here to advocate any particular approach or…
Marks is big on buying at a discount and holding long term. That’s his game. “Patience pays”, he would say. That philosophy seems at odds with what most seem to do today which is buy what’s done well recently. His specialty is distressed debt, but…
