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 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…
- Try DRRAX (Rated neutral by Morningstar) 10 YR Return +3.4% Mentioned in Barron’s favorably in 2020 as a “go anywhere” fund. But I am unable to pull up the article.
- Also try QAI (Hedge fund tracker etf) 10 YR Return 1.8% (Not Rated at Mo…
Do those betting markets have a line on potential VP picks for Harris? I think highly of Mr. Pete Buttigieg - sharp, smart, articulate, classy - way over the top of anything the GOP has anywhere for anything. However there is a deep pool of potentia…
Wow. No dip buying in this forum!
I guess it depends on your definition of ”dip”. Both the NASDAQ and S&P are still up more than 20% over the last 12 months. Both are ahead by 12% YTD. Not all “dips” are created equal.
"Hello, Darkness, My Old Friend"
(Bill Fleckenstein commenting on today’s market in “The Daily Rap”) :)
Personally, I lightened up on NSRGY (+3.5% today) and added mostly to LSST, but also to WEA and GAA. More like slow trolling for trout…
Fido’s site was uncharacteristicly slow when I placed several orders shortly after the open today. Maybe a lot of “dippers” scooping things up? (I lightened up on NSRGY which was up 4% out of the gate but has since backed off to 3%.)
NIKKEI fell 5.8% overnight. U.S. futures look shaky..
Will some of the FOMC (Federal Reserve Open Mouth Committee) members saddle-up and ride to the rescue today?
Interesting trivia today from Bloomberg Media (August 1, 2024)
”The words ‘Federal Reserve’ were on track to be mentioned about 380 times on second-quarter calls with analysts, according to a Bloomberg analysis of transcripts of S&P 500 and Sto…
Thanks @Anna. (I deserve a whipping.) Just glad ESPN brings me a baseball game every night so don’t need to listen to all the shouting!
@Crash - Good points. I don’t think the proponents of teaching the Bible in public schools see it as part of a…
Reed has a rather strident delivery. I only listened a bit. Felt like she was shouting at me. The right has a scary vision of our future for sure. So I agree with her underlying premise. Not being religious, it makes me sick some would have the …
Good caption.
Seniors are ripe target. So many tragic / silly cases like the Times article.
I’ve gotten very good at hanging up on unknown callers and then blocking the number. The faster the better. If not sure it’s a scam I might invite them t…
Thanks for the heads-up @Mitchelg
Not really understanding options very well I dug up some information from the fund’s prospectus and also about ELNs from another source. Possibly this may prove helpful for other ”Options Dummies” like myself.
…
All true @AndyJ
I sort of dug myself a hole trying to appraise @OldJoe’s reference to what the founding fathers envisioned. Surely they did not envision an out of control SC. But early voting was far from ideal, excluding women, slaves and non pro…
Half cash and half balanced? For a young worker? Just no
An optimal portfolio for many young workers (early 20s to mid 30s)
would be allocated predominantly, if not entirely, to equities.
After all, young workers' risk capacity is great and equiti…
I was apparently wrong in suggesting the Constitution could be amended to abolish the Supreme Court. I don’t have a source, but when I posed the question to Google’s AI here’s what came back:
”Based on the search results, it is not possible to el…
Until @Joyes replies to the MFO board's inquiry, we are all guessing.
True. There is a big difference between being 25 years old and 75 or 80 in investing posture. Sounds like @Joyes has little experience. Maybe he / she is quite young and new…
Correct me if I'm wrong, but weren't this country's founders worried about exactly this type of situation? And now we have a Trumpian "supreme" court that's aiding and abetting. Serious trouble here, folks.
You’re not wrong. The founders established…
Thanks for the correction @davidrmoran. (Regan / Reagan.)
FD did not say anything untrue. He merely “misread” my original post where I referenced a hypothetical 40-50 year time-frame. His examples did not meet that criteria.
- I did not re…
FD - You misread my sentence. I said ”after 40-50 years”. PRWCX did not even exist 50 years ago.. David Giroux was 1 year old at the time.
Diversification means having different asset types - like stocks, real estate, bonds, cash, commodities, pre…
“… tips on how to diversify my holdings in order to increase my portfolio over time.”
Diversification doesn’t guarantee better returns. Generally, diversification reduces risk and lowers longer term performance. If you can, throw 100% into a s…
sma3 said, I am not sure I will continue my Bloomberg subscription. Levine is the best thing there but I don't find a lot of their articles terribly insightful. Even as a shadow of its former self, WSJ seems to be better, but I refuse to give Murdo…
That kind of crap has very limited appeal, mostly to the raucous wing-nut crowd running around with flags stuck on their rear bumper and portraits of their “savior” engraved in the glass. I wouldn’t expect it to sell well amongst most reasonable fo…
”Roth conversions now can reduce the size of those RMDs and keep more of the money tax-sheltered for longer. This may not matter to you since you don't expect to owe taxes either way.”
Roths are the best thing since sliced cheese. I’m not aware of…
… the more that Trump is hammered and disliked, the stronger he is
@Graust,
If anyone “hammered” Trump (metaphorically speaking) it was his own former Vice President who, as far as I know, will not endorse him. Who should know him better? You…
Thanks for visiting the OT section @Graust
Of course I’m not disgruntled. I voted for the Biden / Harris ticket in 2020 believing both were qualified for the two highest positions in the executive branch. Why would serving 3.5 years in that capac…
While we’re griping, I’d like a law / rule that the flag of the United States not be allowed to be used as wallpaper in the background as candidates speak. A single normal sized Stars & Stripes standing with dignity atop a pole off to one sid…
@hank
The Director of USSS (secret service). I have long days, too.
Right on. Correction noted. Thanks.
Not a “long day”. Just hard to relate a “buy / sell” to one’s overall positioning, style of investing, risk tolerance, etc. Absent all the…
I do like the "Prosecutor vs. Perpetrator" messaging noted on several news sites. The "law & order party" switch is complete.
HA. Good one. Where’d they borrow that script from? The ”Law & Order” TV series?
BTW - ABC news reports that the…
Must add …
My thoughts about the dollar have “adjusted” a bit over the past 10 days. Over that brief period a leading Presidential candidate was nearly assassinated; a President and sole contender for renomination was quarantined with Covid and…
