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Don't look now but a utilities fund I follow (UTG) is up 6.5% over the last 3 weeks. Hopefully Giroux is on to something.
Yep. FSUTX is the first place I looked in trying to detect the likely culprit here. But it is up nearly 12% YTD. GLFOX is…
Frankenmuth is a small Michigan based insurer. Also does business in Ohio. Been with them forever.
Long story short …. Rented car totaled while waiting for a red light to change in Florida 15 years ago. “No-fault” state. When the steeply padded…
Thanks for the update @Old_Joe.
I happened to watch the NASA press conference late last evening. Five reps from across the spectrum, including Launch Alliance and Boeing. That relief valve you mention was detected “buzzing” (apparently by other s…
@Old_Joe. Thanks for the note. I got a little carried away responding to @Crash. You had it right all along. Also, I did correct an earlier reference to the Shuttle having 5 main engines. After checking, it had only 3.
@BaluBalu - I like your idea…
Correct me if wrong. But unlike SpaceX which uses its own in-house rockets, Boeing will launch its Starliner on an Atlas 5 booster whose first stage is Russian made! The linked Wikipedia article pertains only to the Atlas 5 booster.
Wikipedia
But the Shuttles used multiple, smaller rockets, eh?
Umm … I wouldn’t put it that way. Very different vehicles. Probably the 5-engine first stage of the Saturn V had more thrust than the 3 onboard shuttle engines working alone. But the Saturn di…
Thanks all. Didn’t intend to entrap Mike. Small local agency. Good service. They shop out the best companies for me. Just want to maintain privacy. Shouldn’t be a problem adding on.
I’ve read online activity (ie critical remarks about a business)…
@MikeM - Why would they? I was (incorrectly) equating umbrella coverage to homeowners or auto collision coverage. In those cases an insurer won’t insure what you can’t substantiate you own.
I sense from the responses that medical insurance is per…
Quick question - Do umbrella policy underwriters require you to account for your net-worth and, more specifically, your financial holdings, when applying for coverage? A lot of it is probably public record and easily verifiable (like home, auto…
Win some … Lose some.
CCOR is now back on M*’s U.S. platform. However, I sold the fund last week after using it as a small hedge position briefly. Still - nice to see they finally got it right.
I do understand @BaluBalu’s point that the fund is lagging peers this year. And, like him, I try to stay broadly diversified across asset classes. Still, that +3.63% YTD would translate into something close to a 10-11% annual return if it contin…
Thanks for the excerpt @bee. There’s some mention of banks in the latest edition of the Wall Street Week thread @Crash maintains. The second guest (after Larry Summers) who manages among other things private credit speaks of banks today as a bro…
ISTM @Ted used to play the derby?
All I’m doing is losing about $2 nightly wagering on whatever MLB game ESPN decides to show. Much harder betting on baseball than NBA games. I’ve managed to turn a $41 balance at DraftKings into $24 in a week!
When I converted my employer 403-B with TRP after retiring in the late 90s they tagged it as a “rollover IRA”. Yet, when I moved that “rollover IRA” to other fund houses, they did not designate it as such - just as an “IRA”. So, ISTM that in my ins…
@hank - I concur, there really wasn't much useful content in the article. The comments almost always provide a better understanding/education.
Thanks for the heads-up @Mark. As a recent convert from the old Kindle format, I’m not yet fully accustom…
Glanced at Mark’s linked article. Didn’t take away much. But that’s Barron’s for you. Good at highlighting a number of different investment approaches and those who practice them to the point you get the sense you should buy one thing one week, se…
That's another trick … Have you looked at ETFs of CEFs?
Yes, there anre some ETFs of CEF’s .
CCEF appears to be quite risk averse. If I had to recommend one, that would be it - just based on my experience in two other Calimos funds. But it is …
A Basic Guide To Financial Derivatives
Interesting line: ”Most derivatives are margin-powered, meaning you may be able to enter into them putting up relatively little of your own money. This is helpful when you’re trying to spread money out acr…
I have some sense of what @Mark owns from having read his posts a long time. I’d say he’s doing very well. Well ahead of the gang game. :)
Who was it said, “Modesty is a virtue …” ?
The way the markets have been behaving lately, I’d hate to predict how the day ends. But everything looks hot at the moment - including bonds as rates fall. Gold isn’t doing much. Hanging around $2300. Consolidating I think.
So the drop in inte…
Apparently “managers” refers to the fund company and not an individual person. Caught this when I looked to see who is managing DODGX (team managed I believe). If you can forgive D&C for a horrible ‘08 they are great.
I don’t know if these ar…
@Anna Thank you. I think I misread your earlier post. Old Joe is right about maybe needing glasses. But I got a good laugh out of your response! :)
Talk about cruel and unusual punishment how would you like to share a cell with that whiny sumbitc…
Whipsaw market today for sure.
Put a couple OEF buy / sell orders in around 3:00. Cancelled them about 3:30 when it looked like market was headed for the moon (Dow up 400+). Kinda sorry I pulled them. A lot of things did not move much today. 40…
+1
TRP’s might read, “We’ll transfer your funds, but our check may bounce.” :)
I’ve run into account closure fees at different fund houses before. $100 is exorbitant. But recent inflation distorts our perceptions. Looked at new cars lately?
Good timing. Sold CEFS & bought FOF yesterday in my core account. Head swimming from all the recent reading. Not easy creatures to fathom or to value. And, I’m not particularly optimistic about the new acquisition. But it does serve purp…
Sold all my hedges.The near 2% weighting went into cash. Might put some to work late in day depending on course of markets. LCORX (already own) is one candidate - off quite a bit from its high. Hedges sold included SJB, CCOR, NSRGY. The last o…
I’m thinking Powell will do his best to cheer the markets on tomorrow. (But don’t lay any money on that.)
Lots of carnage in the precious metals today. Not a lot of places to hide.
Just a heads-up … GDX (gold miners index) is down near 4% on the day. Gold is off $50 to just above $2300 after peaking over $2400 2 weeks ago. Is it a good buy? I don’t know. If I had some spare cash lying around, I’d take a small position (b…
Yogi said ”Forget M* customer service …” :)
Thanks Yogi. I sent-off the email inquiry re CCOR ([email protected]) yesterday more or less as a courtesy to them, thinking they’d want to fix whatever glitch is keeping it from pulling up. They ha…
Beginning to think subscribing for a year was a mistake. M* has been bombarding my email with solicitations for costly “upgrades” beyond the Investor service I paid for. Not only that, but Seeking Alpha, which I have never used has begun sending …
Nice of you OJ. All true. But this esteemed forum demands accuracy. I just “blew it”, probably thinking I knew more than I really do. But it’s a great thread you’ve got going here.
As nasty as all these “near-misses” today are, it’s a hell of a…
