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.
”It's hard to believe I'm retired 7 years already … “
Watched an MLB game last night between Seattle & Miami. Ruined the evening when the announcer mentioned that Seattle’s starting pitcher was born the same year I retired. To make things …
I do miss Ted. He had his detractors for sure and lots of faults. But he’ll always have a place in my heart. I find that on occasion when I mention something he said in one of my posts, I still subconsciously use @Ted as if he were still able to re…
I don't care for Scotch. I'll stick to long necks.
Afraid I’m of no help in that respect. Either the flavor of beer has deteriorated in recent years or I’m losing my taste for it. But I’ll make an exception for Founder’s Porter. Excellent flavo…
@Derf - The standard size of a bottle of scotch is 750 ML. That would provide 15 (generous) servings of 50 ML each, which happens to be the size of those “shooters” handed out or sold on planes.
@Mark is correct. Fastballs frequently come in at 95-101 mph today. However, the problem of intentionally hitting a batter seems a lot less than years ago. The umps won’t put up with much. NY would never admit to throwing at a hitter. I’m just b…
Sitting tight. Normal 10% cash allocation is at 15% pending a sizable withdrawal / distribution later this summer. Than back to 10%. Labor is in short supply so I don’t know when the infrastructure work will begin.
I watch the precious metals. …
Good one @Mark.
That Tesla pickup is just about the stupidest vehicle that I've ever seen. It's replaced the GM Hummer in my evaluation of "stupidest".
Whoever designed that thing was smokin some good stuff. :)
Ditto what @Mark said. One of the first & finest big league players I can remember watching as a kid. An athletic, fit, talented center fielder with an infectious smile.
In other baseball news …
Baltimore 17 / Yankees 5 in the third set of a…
My question , feel free to answer. Does this work in regular IRA or only a ROTH IRA ?
I'm guessing Roth as tax has already been paid.
Tanks for your time, Derf
@Derf - As far as I know, trading inside either a R…
Sorry. I can’t relate to however you invest. Sounds “venturesome.” - :)
Some here think 5% in a money market fund is pretty enticing. So, if your holdings are ahead by 2.5% YTD you’re doing at least that well. I’ll agree it looks like a bifurcat…
Thanks Everyone. It’s my impression I came out ahead. As @msf noted, there is no tax consideration being in a Roth IRA. Maybe a better way to look at it is I own more shares of the same CEF now for no additional cost (as I reinvested roughly the ea…
1, 000 shares X $11.98 = $11,980 Received from sale 15 days ago.
1,000 shares X $11.69 = $11,690 Paid for same number of shares.
So per 1000 hypothetical shares traded the “gain” should be $290. No?
But that doesn’t take into account the lost …
This is gonna really throw into chaos a lot of old timers who joined Vanguard in the 70s thru 90s era when its low-cost approach was thought to be the greatest innovation since sliced bread. I know one such person (an otherwise intelligent hands-of…
(I see the abusive instructor was played by the Farmers' Insurance ad fellow.)
That’s the most compelling reason to watch (assuming there’s any reason at all). The mellow fella in the Farmers Ads is completely opposite the obsessive deranged a-…
Finally - Today I was able to switch my CM account at Fido to the new option, SPAXX, that @msf highlighted in his earlier comments When it wouldn’t work earlier this week I moved a bunch from CM over to my TOD account (into SPAXX)) to take advantag…
SW Montana is lagging a bit. It snowed two nights ago (didn't stick) but is supposed to hit 90 this weekend. Whiplash.
I’d gladly trade some 90 degree temps for a couple days of snow. :)
I don’t know if you’ve viewed the film “Whiplash.” Cool in a…
No crystal ball here. But in the past it’s typically been smaller investors (late to the party) who’ve gotten burned the worst when a rollicking bull market finally runs out of steam and turns down. A narrow bull market like today’s can be even m…
Thanks Catch. I was really getting tired of watching all the major indexes climbing higher and higher every day. Neck pains. A welcome break from the great money machine in the sky.
@Crash. I use Brave most of the time. I ran a test just now and mine pulls-up & plays UTube videos fine. I checked settings and the search engine option is set to “Brave Search.” Dunno. I think I’ve had some issues like the one you report in th…
Oh, I don’t wish that on anyone. AFAIK he hasn’t actually shot anybody on 5th Avenue - just bragged about being able to do so. Remember that the end of a single cockroach's existence doesn’t solve the underlying problem.
"TMWOT." @hank.
Tickled Me Wet On Top?
Tues-Mon-Wed-ORK-Trot?
Terrible Minced Water Off Turkeys?
All of the above sound super silly to my way of thinking. :)
Thank you @BaluBalu for the interesting tip on how these are traded. Makes sense. I’ve owned a few CEFs in the past but confess to never having paid attention to how they behave around the X-Dividend date. In this case the buy is intended as a long…
I goofed. Thanks fellas. Will move.
Great tip @Mark. Fido has some good content. To be honest, one CEF is about all I can handle. Not at all dissuaded from owning it. Just a really weird dive. Makes one wonder what drives the markets.
Probably could be termed … MGGA
The sad thing is that more and more people went along as the movement snowballed. If you happened to be on the “wrong” side your life and those of your family were endangered by “things that go bump in the night.”
…
I was surprised to learn recently that regardless of “tread-wear” tires need to be replaced at a time interval set by the manufacturer - usually about 6 years - a year or so longer with some premium brands. The reason is that the sidewalls deteriora…
I used to be fanatical about oil changes. Up until around 2005 I did my own - crawling around under the pickup or driving my small cars up on ramps to work underneath. A couple things changed. Vehicles got lower and lower to the ground making it ve…
From Bloomberg this evening:
”How the US Mopped Up a Third of Global Capital Flows Since Covid “
(Excerpt) “In the face of calls around the world to diversify out of the dollar in recent years, the US has nabbed almost one-third of all the investm…
As US-based companies earn revenues in other countries so do foreign-based companies earn revenues in the US. I’d be curious to see how public company revenues break down based on where the company is legally domiciled. Does anyone know of any data …
@msf said, ”If China is doing so well, should one be investing more in China, despite the political risks involved?”
That would be a contrarian bet for sure. All my sources (various financial writers / commentators / pundits) are really down on Chi…
Diversification means always having to say you're sorry about some investment in your portfolio!
Thanks @Observant1. I’m quite fond of Love Story with Ali MacGraw and Ryan O’Neil having first seen it around ‘71, a few years after graduating from …
I was surprised by Zakaria’s claim that Britain’s per-capita GDP is lower than that of any of our 50 states.
Like others here, I own a slice of GLFOX which invests in infrastructure and, for whatever reason, stays mainly in Europe. It has retu…
”I'm not sure what benefit anyone could derive from that …”
Oh, every bit helps. :)
Thanks for commenting. When I switched from investing at just a few fund houses to a full service brokerage 4 or 5 years ago it was as if a dark curtain had bee…
Great contributions all. Thanks for the insights.
I didn’t state my allocation earlier. I’m currently at 40% equity, 30% bond, 20% short-term fixed income and 10% “other.” The equity stake usually fluctuates between 40% and 50%. Anywhere in that …
