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Yes. 20% in a money market fund - Delaware Cash Reserves. The company is no longer existent.
Wasn’t all happy. Especially shopping for groceries in the big stores in the northern (Detroit) suburbs. There were always several employees moving up / …
A blast from the past.
Photo caption: ”President Ronald Reagan ordered Federal Reserve Chair Paul Volcker not to raise interest rates. It didn’t work.” (Barron’s, August 19)
Perfect @msf
It was getting late when I last posted and I overlooked the 60% cash figure @BaluBalu cited. As you stated, he was looking at the economic rather than classic view at Morningstar as I once did, For some reason the ”economic” view ap…
Pushing on a string may not be the best metaphor, but the Fed pushes on the short end of the curve. That end has a lot of room to go down without long end yields necessarily dropping.
Nice analysis. I thought the above bears repeating. While I’d …
”Curious why you are using March 31 portfolio info. M* shows June 30 info - 60% fixed income. Very different and dynamic as you mentioned. Seems like a tactical long-short allocation fund.”
The March 31 chart was posted only to allow comparisons w…
I had previously asked the owners of this fund to share a sentence or two about the role of this fund (and PRPFX) plays or would play in their portfolio, which would give us additional context. … I know @hank said why he is considering the fund. …
Thanks David. I’d read your initial post and was wondering if perhaps what I’d noticed last week was just a lag in M * reflecting the increased short position. FWIW - I’m attaching a copy LCORX’s allocation as reported in the semi-annual report, …
For some perspective - On Aug. 15, a 5% money market account would have returned 3.225% YTD. Somebody smarter than me would need to do the risk comparisons and determine whether holding LCR over those 7.5 months produced a sufficiently greater re…
LOL - Wish it were that simple! However, I have not held much cash for many years. I understand that the hypothetical, highly rumored, speculated and anticipated “Fed rate cut” would impact those who have been sitting in cash for the past year (…
M* shows HOBIX 70% in bonds, over half of which are classified not rated. I’m curious what the 24% “other” might represent? Derivatives come to mind. But could be convertibles.
Suspect this has been written about / posted because it might be a …
Re #1 - Agree with @Sven (LCORX). Process of elimination. The 3 remaining choices would not appear very well correlated based on holdings.
Re #2 - TMSRX is liable to go anywhere. Presently net short equities by 10%. So it is not presently corre…
I learned the hard way that those “fair value” ratings are worthless.
Bought 2 very depressed small-cap stocks more or less on intuition + personal knowledge of the companies June 26. (Posted in the B/S thread.) I later checked the ratings at M*,…
to own.
“Yes, I take all my investment direction from various message board postings at MFO. Works like a charm.”
What would be fun would be if MFO published its own “recommended portfolio(s)” around January 1 every year. Toss out several diffe…
“Bought LCORX today because it came up in MFO conversation …”
That’s as good a reason as any. I can’t see making these decisions overly complicated. :)
Tips seem almost mandatory at many venues. I drink non-alcohol at plays in NYC. At $200-$300 a seat why would you want to sit through a performance with a buzz on? Bought a plastic cup of soda with some ice for around $12 at intermission recently…
You can buy streaming rights to West Wing for $30 a season on Amazon. Offered through Prime Video but you do not to be enrolled in Prime. Not bad for 22 episodes. I’ve had good luck buying instead of renting. No time constraints as to when or h…
"Is this a buy and forget fund, as I am looking for one? If this is not a buy and forget fund, what purpose does this fund serve in a portfolio?
I would never buy an OEF (traditional mutual fund) that I didn’t consider a long-term hold (“buy and…
:)
Thanks @stayCalm
You are correct that we all have different needs and assessment criteria. Often something I own makes sense only when put in the context of overall portfolio. I quick-scanned VBIAX. With 100% now at Fidelity it would not easi…
Based on above stats, about the same risk and returns for both. So LCORX is not for me but I'm happy to learn from others on why LCORX.
@stayCalm - David and others may want to engage in comparisons with similar funds. Personally, I’ve never fel…
OMG, I gotta find that restaurant.
No. Invest in it.
Added: GHC (Former Washington Post Co.) is a conglomerate of mostly small caps. Among its very diverse holdings are some upscale restaurants in the Metro DC area. I wouldn’t be surprised if t…
Thanks for sharing @David_Snowball …
Shorting the QQQ would seem, to me anyways, a “no brainer.” Yet, shorting anything is fraught with peril for the average Mom & Pop investor. Best left to the pros. Kudos to Leuthhold. As a (not unbias…
”Bought a tiny speculative short-term S&P short position based soley on a gut feeling looking at the chart. As usual, the potential loss on such position is roughly equal to a steak dinner in Georgetown”.
Wow - @rforno. That’s a “gutsy” move. …
Thanks @catch22 / Daniels is an excellent performer - and person as well. I saw him live in NYC several years ago in ”To Kill a Mockingbird” which played to packed seating.
Hanks is a favorite, although his works are mixed - mostly great. I watc…
I’ve never seen it. Sounds pretty good. I might be able to stream it from Prime (or buy the dvds).
Yes people don’t change much. Shakespeare’s depiction in Julius Caesar of unbridled political ambition pursued through deceit, duplicity, disloyalit…
@Derf, You’ve referenced one of the true greats from both at FA and MFO. For those who don’t know, BobC was a professional financial adviser somewhere in Ohio. As I recall, he transitioned out of active involvement at MFO sometime after retirin…
@hank
Ten index funds is too much 'diworstificiation' to my mind.
--- Diworsification is the process of adding investments to a portfolio in such a way that the risk-return tradeoff is worsened.
A quote from Steve Jobs (Apple) that applies to the…
“Ya in hindsight why say screw around with cost averaging in, should have just pushed all the chips in.. “
If you’re still working and contributing as much as you can to your retirement plan (IRA, 401-K) out of every paycheck (sometimes called d…
@MikeM +1 2 3
Have followed with interest your work with Schwab’s robo over many years. Appreciate all your comments. I’m thinking there are some actively managed allocation funds that might do quite well what robos profess to do.
I sub…
During the GFC we didn't sell anything, didn't buy much either other than continue to contribute to our Roth IRA's. We were mainly in PRWCX. I did jump into PRHYX when the yield was approaching 20%!! I believe it was early 2009 when I sold PRHYX af…
Thanks @yogibearbull.
While you can’t pull up the entire discussion, those headers (many from December ‘08) reveal a lot. I’ve excerpted a few consecutive lines which make reference to the ongoing “flood.”
Trying hard to avoid a depression... -…
@Derf. Thanks for pulling up a FA excerpt from February 25, 2009. The bear market ended just 2 weeks after that post. Yet, all sounds calm.
I really like this line …
”Your mix of ETFs should match your investment time table, your age, your leve…
”I am much more content to be a longer-term investor who's not glued to the screens and news sources during the week ... “
+1
Recently listened to an interview which touched on the subject. From an experienced investor: “I don’t need to look at…
