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.
”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…
I wasn't a member of Fund Alarm during the GFC era but am interested in the general tenor
of remarks during that period. I'll use the Wayback Machine to investigate further.
+1
17 straight months (mostly straight down without much of a reprieve) is…
“Riding it out” works. I take it from @gman57 that he mostly sat tight without making any sales or acquisitions during the ‘07-‘09 market meltdown. However, in that case what you’re riding at the onset may be of import. Was it all in global gro…
”Not sure the OP would swap "trade" for "sell", but; I if so, this article seemed worth linking”
Yeah - Great link @bee. That’s a stunning chart not only for the poignantly revealing numbers but also for its references to the seemingly infinite li…
Thank you @rforno. I greatly value your insights (and read all of them).
I think the buy / sell thread may create the wrong impression. Like you, my long term core holdings rarely change. Most of the portfolio consists of OEFs transferred in or…
Thanks @gman57 for clarifying.
@BaseballFan is spot-on in terms of the mood of most investors during those uncommon but spine-chilling episodes. Yes, the ‘87 flash-crash (about 25% down in a single afternoon) is emblazoned in my mind. Some of …
That's the mistake people make bailing after a big drawdown …
@gman57 - Could you please clarify which post or suggestion your “that” refers to? It’s likely a reference to the quotation I posted above (“The reason bear markets go down three or fou…
”The reason bear markets go down three to four times as fast as the preceding bull market, is because fear is a much more powerful emotion than greed, which grows more slowly until it maximizes at the final top of the bull run. As the Chinese saying…
ISTM the thought among investors that a candidate might win in November who advocates Presidential authority to set / influence the Fed overnight discount lending rate spiked the price of gold a month or so ago. The price / momentum have pull…
While I frequently watch the current iteration of WSW, it pales in comparison to Mr. Rukeyser's version.
Pity indeed...
If Lou were alive today he might sue Bloomberg for misrepresentation. I hope the “newbies” this thread is dedicated to realize th…
@hank, @catch22 and other MI residents might be amused to know that FBBAX has approximately 1% of its AUM in KEWL, the Keewenau Land Association. This former forestry products company has considerable subsurface mineral rights. The Upper Peninsula o…
@MikeM- good move!
Yep. I’m really enjoying / learning from all these recent posts. Thanks for sharing. I’m lying low. Think I’ve got the card-house stacked perfectly. (Just don’t breathe.)
“Tough Month for Tech”
Seems like there was a rather active poster here a couple months back who was really pounding the drums for tech. Derided some regulars who weren’t drinking the “AI” laced Kool-Aid. Can’t remember his name.
To be fair, a l…
Resisted having all investments in single brokerage until my age reached the late 70s. Today - ”In Fido We Trust”. But have other options if in need of fast cash like a local CU & bank where pension & social security are first deposited. …
Thanks @BenWP
I wonder how the anverage retail investor today would react if his “go-anywhere” fund lost 15% in a year when the Dow, NASDAQ and S&P all gained? Obviously the manager had decided to go somewhere non-mainstream. May have been wro…
:)
I see. That’s really ”advance planning” as we’re just beginning to slide into recession. But - good to have a list of things to buy at the other end - if you’re still interested in investing by then.
PS - I don’t know of any high yield / jun…
Assume we were to get a recession bottom. What is your preferred closed end bond fund?
The question seems unclear. Bonds (very high quality) are great to own at the beginning of a recession. At the bottom of a recession you’d probably want to …
Somebody should start a new thread!
”Is Mr. Market Happy or Upset today?”
It might run ad-infinitum the way @Crash’s “Buy / Sell” thread does.
:)
An excellent discussion from the members. But the whole idea suggests how short term focused we h…
Adding to @msf’s above …
I tossed out little known GAA as worth a look. Not a recommendation. Cambrea has some whacky funds (TOKE). You could have lost your shirt in more than one. Small shop. Largely run by podcast celebrity Meb Faber. Those a…
Interesting that PRPFX came up. Illustrates how “muddy” the GA concept is. As a long time owner, I’d say it’s predominately a “go nowhere” fund because it adheres to a static allocation. Then again, you might call it a “go everywhere” fund because…
Never mind. Deleted: “difficult to analyze rationally”
(I should have said instead: “easy to rationalize”)
PS - I’ve deleted the short referenced “aside” in my commentary which added no substantive value but elicited the wrath of one reader! …
+1
The debit crisis can has been kicked around hard by both left and right at least since I was old enough to read U.S. News & World Report which is the year Goldwater ran for President. A real issue of course - but difficult to analyze rat…
Is Dell really going to let over 10,000 associates go? Super micro margins going down down down....this is not good news for the markets, nor the Ai bubble... Could get interesting over the next few weeks....
I won’t wade into AI / Tech / Consum…
Looks like @Mark may lose his Governor. I’m not at all familiar with waltz, Walt, wall, Walz. (My spell-checker isn’t either.) Hope he knows how to kick a**.
Gold’s interesting. GDX was down 5 or 6% in early morning.. Must be lot of fun if you got 30, 40% or more in the stuff. Miners down lot more than the metal today. Yeah. Good old Japan. I remember something like that many moons ago.
IMHO, Joe should have announced he was bowing out soon after the midterms so there could have been a full primary process. …..
Perhaps. But had he, Trump might have picked a more acceptable running mate. In a sense, the Dems set him up by waiting …
I]n the second half of 2021 ... The prices of cars and parts were jumping and drivers were back on the roads and crashing left and right after a hiatus behind the wheel. "You went from this period of incredible profitability to incredible losses in…
Here’s a 2017 MFO thread on the subject.
I may just create have to create my own “go anywhere” fund myself through ETFs and funds. It maybe easier to run my own “hedge fund” like fund myself. Finding one currently that meets my needs is harder than …
I can’t remember when Buffett wasn’t building cash. This “not finding much to buy” has gone on a long while. Albeit - He has picked up some new additions in recent years. But Hey - with short term credit yielding north of 5% who can blame him? O…
Mike McKee is always good. One of BB’s best analysts. Did anyone mention that sharply falling long term rates (as last week) lead to a more inverted curve?
Mostly a wasted show largely occupied with several mostly political interviews (thinly v…
I’ve dug up one more from Barron’s EKBAX
“This Go Anywhere Fund Beats 99% of its Peers” (I am a subscriber. Likely the link won’t help you much.)
Barron’s
Excerpt: “The lead manager of Allspring Diversified Capital Builder (ticker: EKBAX) inves…
