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.
@hank : "How’d I miss that one? " It wasn't posted on DraftKings !
That sounds about right Derf. :)
However, am currently out of state and so haven’t watched an NBA game or wagered in about a week. The device’s location information wouldn’t be abl…
That’s an excellent article @Mark. And concludes with links to a couple financial literacy quizzes we adults can take. Not covered in the article … ISTM that conventional “education” as we know it may soon be up-ended by AI. Do we need to know h…
I dunno who needs that stuff. Bulletproof... Drug Cartel kingpins?
Bonnie & Clyde might still be alive if they’d had something like that. :)
More seriously, it may have some military applications. But don’t ask me what.
As previously mentioned, Randall Forsyth addresses bonds this week in Barrons.. I get the impression he thinks most of the easy money has been made - but he’s not negative on bonds. What he really likes are CEFs. One reason many CEFs are selling …
Thank you for bringing that old post up, @hank. I certainly remember being attacked in that thread for having and opinion that bond funds may be ready to come back and have a good year and future, and that maybe CDs weren't the only investment optio…
”I was revolted by has manner and behavior and agree with a friend of mine who just bought a BMW electric, saying that she and her husband would never buy a car from « that man.”
One wonders if perhaps it’s all an act by Musk to appeal to a certai…
I recall fondly this excellent thread (from May 17) containing many diverse opinions. What stood out to me was the voracity with which the proponents of cash (rather than bonds) voiced their opinions. Not to imply they were wrong. Just that it’s b…
I can’t argue with the OP’s general conclusion that on average Americans are better off financially than they were prior to the beginning of the pandemic in March 2020. You can measure that in a lot of ways: home values, employment numbers, wages, …
I held just a couple ETFs very briefly. They were unsatisfying.
… I have designs upon PRHYX. (Junk.)
I used to own PRHYX. One of my biggest mistakes was selling it after Price closed it. But, generally, I don’t have the temperament to deal with ju…
I confess I haven’t looked at the list. Don’t deal well with complexity. :)
Common sense advice from Henry David Thoreau:
“An honest man has hardly need to count more than his ten fingers, or in extreme cases he may add his ten toes, and lump the…
Along those lines, black here. That’s why the taste of the coffee is so important. If I had my druthers I’d add a creamer (but no sugar). Unfortunately, every type of creamer I’ve ever tried has added a lot of unwanted calories. So cream + a shot…
Thanks Yogi. Excellent chart / post. A few years ago I thought nothing of having 10 K sitting at the credit union earning near 0. Cash rates were so low it didn’t much matter and I felt good supporting the local CU. But like most everybody now I’…
Thanks Mike for your thoughts re LCR. That’s about what I’ve gathered as well from couple hours looking at it. Yes, returns since LCR opened are similar.
I had overlooked your comment re robo. (Got it now.)
Adding to my earlier comments … 3 s…
Not brand new (January 2020) - But would appreciate any takes on LCR from Leuthold. The Professor mentions a cousin LCORX in his November commentary. Both funds have “gold” ratings at M*. The ETF is a little less expensive at .85% (waiver in ef…
”Many experts are concerned that companies such as OpenAI are moving too fast towards developing artificial general intelligence (AGI), the term for a system that can perform a wide variety of tasks at human or above human levels of intelligence – a…
”On the way to my doctor, I found I was leaking brake fluid.”
I hope the doctor plugged that leak. :)
Anybody’s guess as to why all the insurance ads. Gosh - Several I’ve thought over the years were damned funny. Well written. Well acted. Talent o…
FWIW - I noted that the Bloomberg article I linked was from 2013 in making my point that PRNHX has seen better days. Ellenbogen’s earlier tenure was part of the reason.
”PRNHX is a MCG fund (and not a very good one!) and it is NOT Closed.”
Thanks for helping make my point. As I noted earlier, PRNHX has not been a very good fund recently. But a decade or so ago it was.
Bloomberg (subscription only) article from …
@Crash / Nice to hear you’re making progress with PRNEX (T. Rowe Price New Era Fund). That one, of course, is in the natural resources area.
I accidentally entered its symbol earlier when intending to reference PRNHX (T. Rowe Price New Horizons Fu…
Since this thread is still percolating, I’d like to toss out that that instant coffee (“whatever’s at home”) I take along on travel is solely intended for the purpose of travel - or as a backup if my main brewing machine should fail. As a consequen…
By any measure known to me, the Rondure funds disappoint.
Yes. First time I’ve looked at it, but ROSOX doesn’t seem to have held water as overseas funds go. Wondering how much, if any, the fund is hedged against currency fluctuations. That can p…
“ … I see nothing bad in holding 10 to 15 % in SC, SV, or a blend of the two.”
That’s a reasonable assessment @Derf. For a disciplined investor adhering to a well thought out model portfolio and rebalancing from time to time, a 10-15% allocat…
Thanks for posting. Good summation.
I’d guess the dumbing-down of the citizenry over recent decades is somehow related to this. But trying to figure out the various connections would be like trying to understand the intricate pathways of a spider …
Just took a look at a legendary small cap offering from TRP (PRNHX). Recall when it was a stand-out performer (under a manager who later left and struck out on his own) and shut its door to new investors more than a decade ago, leaving many clam…
@Mark said, ”Small investors playing the FOMO game will be left w/o a chair when/if the music stops”
ISTM Mark feels big money has been selling equities and moving to cash while smaller retail investors are still throwing money into stocks due to…
”The ICI release came in at $5.76 trillion in m-mkt funds on 11/21/23.”
Thanks @ yogibearbull for updating the money flow. Nov. 8 was the most recent I was able to dig up.
I agree with @Old_Joe. I’m waiting for “something to break.” Banks might…
My first thought here was of Matt Foley - of SNL fame. But, after checking, it turns out Ol’ Matt only possessed a ”van” down by the river - not even a genuine mobile home.
Yogi - You think there’s been more positive chatter here over the years about VFINX rather than PRWCX? Could be. Not my impression. Both mutual funds. Yes, VFINX is older.
Regardless of whether one likes Ramsey or not, I don’t know how you can ar…
It occurs to me that the most widely admired, favored, tracked and discussed fund on this forum (over the years) is a mutual fund. One conceived back in the ”dark ages” (1986).
Dave Ramsey voices some opinions on investors and ETFs.
Excerpt - …
ETFs AUMs are more stable than mutual fund AUMs. This can be observed from mutual funds besieged with outflows converting into ETFs .
I can’t argue with that. Thanks.
Great thread!
The only possible benefit to watching these types of market chat-boxes is that over a full day you can hear just about any preconception(s) you already have on the markets reinforced. Whether you’re bearish, bullish, or just don’t kn…
Thanks both. Yogi, you may have gotten me on a slip in terminology. By “administration” I meant management (not record keeping). The fund manager is typically backed by teams of researchers, analysts, investment accountants and legal staff when d…
Anybody care to opine on whether an ETF or conventional mutual fund run by the same company / team is a better long term bet? Of course fees are usually lower for an ETF. That’s a big deal. But a conventional mutual fund has a more stable invest…
Stillers said, ”Then, after upwards of 5 grueling hours of upper echelon chit-chat, and an uncountable number of lost balls, strokes and cigarettes, one of them stiffs me for the standard $1 tip, instead tossing me four bits. I head to the highway …
