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.
@Sven - Naw - No apology necessary. I can’t speak for others on how they use technology. Just wanted to make clear I’m not anti-technology - except for not wanting to carry a “live” telephone in my pocket everywhere I go.
It’s been just fantastic w…
I perceive a rather high intellect on the board and a community that is generally well informed on the subject of investing. For an older (+50) experienced investor I’m wondering what, if anything, a dedicated advisor might add. If it’s “nuts &…
I do find it refreshing to know that Martha’s “cleaned up” her act since serving time in 2004. Felt bad for her at the time. Others seem to get away with worse and go free. As I remember, the prosecutors thought jailing a celebrity like this would…
From @Sven - ”I must be an outlier on this board. I fully embrace new technology that makes our lives easier.”
I think you’re misreading this just a little. The board is internet based. I don’t know of any other way to participate except through s…
From this week’s Barron’s:
”the top three stocks in the S&P 500—Microsoft, Nvidia, and Apple—have accounted for 20% of the index for six days in the past two weeks. May 28 was the first time on record that the S&P 500’s top three stocks we…
A bit of hyperbole on my part. I don’t like cell phones. My ringer is switched off. And my iphone 12 mini has such short battery life it’s a real problem when navigating while on foot. Suppose that’s not an issue if you’re driving and can keep it …
”I recall when Steve Jobs returned to Apple as interim CEO in late 1997.
Apple's stock price was very low at the time and Jobs brought a lot of energy to the struggling company.”
Recently spent a pleasant day wandering Central Park - but it might w…
I’m a subscriber and dug up the online article.
Lewis apparently interviewed Michael Lowenberg who heads MCDTX. Lewis’s is a worthy endeavor. He’s looking at funds that zig when most of the markets zag - in short … diversifiers.
While I summari…
Thanks @MikeW - I missed Lewis’s article but will locate and read it. M* did note in brief that CEFs is one of MCTOX’s several investment options. And it is true that CEFS can oftentimes carry high fees which get passed on to the investor one way …
@Carefree It would be interesting to hear how you happened on this one and what you like about it. Suspect there’s a story there or maybe a personal situation that lends itself to this fund.
MCTOX
1.92% ER
About 40/40 equity / fixed income
10-…
Twice I’ve asked absolute strangers met while traveling for investment tips. More of a conversation piece than serious talk. The first was while relaxing at a beach in the Florida Keys sometime in the early 2,000s. The fella recommended gold. Had…
Thanks @Mark
My sense has been that there’s still some “reasonable” value out there if you get away from the big hitters like the ones you cited. A “sense” isn’t the same as a “fact” and I could be wrong. Nor would I want to direct anyone to speci…
Thanks to @yogibearbull and @msf. That 15% “cash position” I referenced earlier was somewhat in error and I’d gone back and edited it out - but too late. Had overlooked the fact that I count a significant slug of PRIHX as “cash” for allocation pu…
d I remember when my Fido retirement accounts used SPAXX. Than that changed a year ago to “money market.” I didn’t realize there was a difference. Duh. Please advise what step I need to take in order to change my settings so that SPAXX serves as t…
@MikeM - I’m somewhat surprised he’s not more worried about “front-running.”
Not like Buffett - who hides his positions from the public as long as he possibly can.
Regarding Fidelity cash management - it will shortly be adding SPAXX (current SEC yield is 4.97%) as a core account option to its CMA account. Currently you're limited to a bank sweep paying 2.69% APR (2.72% APY).
Duh. I didn’t realize that. I j…
Thanks for the insights re Fido. . The first & only brokerage account for me.
A bit hard to spot, but with your account positions displayed, there is a link at the top called “more”. Clicking that pulls up their portfolio analyzer. Decent, IST…
The thread wasn’t intended to promote, disparage, evaluate or debate Bidenomics vs. Trumpism. It was intended only to share the Harris Poll public perception results and elicit civil discourse. All four of the following are relevant to the invest…
Increased cash from around 12% to 12.65% today. Sold a few shares of NSRGY and FOF. (Anticipating some significant cash withdrawals before year’s end.)
Nice @Junkster
Guess I’m the only one that listened to the Gundlach interview. He likes BB provided they are well researched. Steer clear of CCC he says.
A bit more. He sees recession followed by heavy stimulus from the Fed (and probably politicia…
Reported by Bloomberg Media today …
”The latest GameStop Corp. frenzy has coaxed a big critic of the meme-stock craze - and a notable loser back in 2021 - off the sidelines with a new short position. Andrew Left, the founder of Citron Research, pla…
I like mm funds for what little cash I hold. For a bit longer duration I use LSST - but it hasn’t done well lately with the volatile rate picture. Actually, take a look at TBUX for a mm alternative.
I have no idea where rates are headed. I’m f…
Stockers? An insect that suns itself and hums loudly atop a rotten log on the hottest days. When skies darken and a cool breeze picks up they disappear.
”Let's ask the obvious easy question: if you held just the SP500 for your stock portion (based on Bogle+Buffet) have you done well YTD + in the last 3-5-10-15 years?”
The S&P 500 lost approximately 56.8% of its value between October 2007 and Mar…
Thanks Larry.
I wasn’t thinking “flip to value”. That would be ground-shaking. Just perhaps a gentle nudge towards a more normal market. With the S&P up over 11% YTD (and tech doing even better) the following better-than-average funds haven’…
Fortunately, the area handy-man (fixer-upper) I’ve been pushing to take a very large tree down finally intends to do so next week. Requires going up with cleats and “topping” first. More than I can handle. Trying to get anything done in these part…
One thing Mr. Gundlach mentioned in my investment related video post was that a reason insurance rates have spiked is that there’s more “lawlessness” in the country leading to more accidents and other casualty claims. And it’s hard to argue with tha…
Thanks for the correction re NYC tax @msf. I corrected my earlier mention. 8.875% sounds a lot better.
I suppose one might “recoup” that amount of value by taking enough (free) rides on the Staten Island Ferry.
Traveling recently I purchased 2 double burgers and a medium fries at MacDonalds for under $12.00. Included double pickles, which I think cost extra. Also included NYC’s 9.75 8.875% tax. Seemed quite reasonable considering everything.
32% domestic equities / 14% foreign equities (almost all developed Europe)
- Equities 46%
- Fixed Income 44%
- Other (real estate / infrastructure / metals) 10%
That’s from Fido’s analytics and looks correct to me.
FWIW - In recent days I too…
