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.
Sold INCM after 3 days & bought back the same 3 stocks I sold Thursday in similar amounts. A real “doughnut” here. A “wash” - or possibly a few bucks ahead. No explain. No complain. :)
@Derf said, ”Lesson learned don't purchase one from the backroom when out of the box”.
Yep.Some truth there. I buy a lot of “out of box” or “refurbished” products. About 3 out of 4 work like new and last a long time. Mixed results with the othe…
“CEFs are tradable securities just like ETFs and stocks. They have the current market values but no liquidation dates. They are subject to M&A by activists. Just look at GIM that will turn soon into SABA “
Appreciate all this. But ETFs trade a…
CEFs But where do the perpetual type derive their value? (I’ve read the prospectuses on several and have owned both types.) If the assets will never be marketed (ie held into perpetuity) how can you or I know what our shares are really worth? It i…
”Hmmm ... none of it is particularly good.”
Ditto. Instant ain’t that good.
The in-room coffee makers at hotels and limited amount of coffee don’t cut it. The stuff the hotel serves at their breakfast bar often tastes rancid or watered down. If…
”MJG was right- I should have run a few more Monte Carlo(s)”.
- - That’s what he meant? All these years I’ve been drinking these things thinking it would make me rich. :)
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I can believe Mark’s number however. I’m finding an 8 ounce bottle of water, vinegar, salt, seasonings and food color (A-1 steak sauce) running about $5.00 in some stores here. Works out to well over $200 per-gallon. Maybe the seller of this…
”Patel argues that the recessionary default risk of junk bonds today is low. “The high-yield market has never been in better shape in its history,” she says. That’s because junk-rated companies used the previous period of low interest rates to borro…
Anybody else have comments / suggestions for @Derf?
I’ll add one here. It’s a lot simpler if you have an Apple account. If not, than you need to set one up in order to use a device like AppleTV. Here’s all the different versions of the devic…
@Derf -
While it’s somewhat subjective, I believe the picture quality is superior as well - close call there. But it definitely corrected the freezing up and slow motion effects. Nothing worse than that when watching a BB game. Picture quality ca…
Ahhh … Similar event here. After having a new 200 mps fiber optic installed, I started pulling only 9-10 mps on multiple tests. Called the provider. They sent out a tech guy to replace the defective cable which the 1st guy had damaged (the connecto…
@Crash - Who you gonna believe? Your own eyes … or a report by the NHSTA? :)
The 2011 study by the National Highway Safety Transportation Authority was follow up to an earlier 2009 study which reached similar conclusions.
From page 19 of study:…
Sold my 3 stocks yesterday. Too damned much volatility for this OF. Dumped the money into Franklin’s new conservative / moderate risk multi-asset ETF - INCM. .38% ER. Untested. But the 3 person team running it has had pretty good success operatin…
Yeah. It’s a state by state issue. I like my local insurance agent with 5-day a week walk in or call service. Took great care of me after a big truck rear ended my rented car in Florida 10 years ago. (“No-fault” state). I never add the optional r…
I increased auto deductible to reduce premium at the last big increase.
I went from $1,000 to $2500 collision deductible to save when bought my last new car in 2018. The agent seemed to think that’s high.
@Devo said “Cumulative inflation”. That’s…
The guy brags in the clip about starting a “plumbing” business. I’m sure there are some highly reputable plumbers. But I’ve had a fair number of issues with shoddy installations, guys boozing while at work, price gouging and failure to back their w…
@hank : I have to ask , did you get your toilet at amazon ?
@Derf - You remember the toilet saga from about 2 years ago? Yes, after 2 arrived smashed up in boxes (one from Amazon and one from Lowe’s I drove to an area dealer and picked up an unbr…
@Baseball_Fan - Yep. Saw a bunch go over my home after dark 2-3 years ago. Just stunning. Never seen anything like it. That’s usually a day or two after launch when they’re relatively low and bunched together. Over time they disperse and, I believ…
@Derf. Earliest now would be 8 AM Saturday. CNN and others should carry it. Or find a site on the web. (Postponed from Friday.)
”Update for 3 pm ET: SpaceX CEO Elon Musk says the second Starship launch is postponed to no earlier than Saturday, Nov…
Free return policy in force?
Damn - @Anna. You had to ask. :)
I returned a set of scotch whisky glasses that arrived broken a month ago. They did send me another set in return for my returning the shattered glasses. But a month later they still…
Most of my daily financial news & opinion (but certainly not all) comes through Bloomberg. I’m a subscriber, and so read their assortment of daily stories and usually watch / listen to broadcasts throughout the day. I mention that only by …
10-15 years ago that would have been heartening to hear. These days I try to stay as far away as I can from Amazon. But I digress. Somebody can start an OT thread if so inclined on the subject.
Thanks for the story. No problem. Most of us own …
Yes - Bloomberg can be hard to access. I subscribe. But with enough effort I think others might get in to the article. Actually, Bloomberg is the better of the two.
Apparently that high pressure water shower is intended to dampen the shock waves an…
Heads up!
Another test scheduled for Friday. / SpaceX Gets FAA Approval for Do-Over Starship Launch
CNN https://www.cnn.com/2023/11/15/world/spacex-starship-launch-license-faa-scn/index.html
Bloomberg https://www.bloomberg.com/news/articles/20…
Thanks for that @BaluBalu. Sorry it didn’t work. The FT (to which I subscribe) indicated it would be acceptable (and workable) to share this story.
Below, I have summarized most (but not all) of the article’s key points. And, I’ve quoted near the…
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If I was a cop and this thing was out on the street, I’d be tailgating him everywhere. Just waiting for a chance to pull him over. Red cars especially. AVOID!
Just spectated today. Lotsa fun. I'm still buying. I like my stable of ponies, currently. Finally out of the red with BHB!!! I knew it would come. A couple hours from now, I'll check up on the funds. Even the junk bonds ought to have done well.
...…
Sold pretty much across the board, as everything is up today. Cash / cash equivalents now above 10% for 1st time in over a year. (10% = nominal weighting)
Thanks @davidrmoran. Using the same browser both stories popped up w/o any issues. Don’t know what happened earlier. Perfectly readable.
Appears to be a well laid out and articulate argument (re - the national budget deficit) put forth by Brown U…
Thanks OJ -
In my case I was unable to close it initially. But I use various web browsers & ad blockers, etc. But - . Yeah - after trying later with Firefox I can read it now. Maybe others will comment on the author’s argument. If it h…
”Current account values are unavailable.”
Not affected directly. But most interesting. I assume the problem involves simply pulling up the correct prices or NAVs for whatever you invest in? Similar to what sometimes happens with portfolio tracke…
I’ve read the wonderful letter. Funny exchange of barbs / put-downs between Hemingway and Fitzgerald through their fiction. Thank you for providing it. I hadn’t heard that before.
My musings on the expression had more to do with my child and t…
Yeah. A sign-in page for Facebook popped up and blocked most everything else. Some websites want you to reveal your identity by signing in through Google, Facebook, etc. There was also a link allowing you to gain access by entering your email.
I…
@davidrmoran - I’m being blocked from reading whatever you linked today. Even the article title / caption is covered with a Facebook sign in page. So no idea what it is about. Don’t do Facebook. Don’t wish to subscribe. Is there another link to…
I saw this thread and wondered what idiot had posted it ….. Than … :(
To add on … it strikes me as curious that over the past 12 months there have been discussions both affirming the safety of U.S. government issuance as well as threads which se…
Yes, indeed: fund managers might surprise you! My portfolio X-Ray shows:
9% in small value and
5% in small blend.
Yup. Just checked a 40/60 TRP fund of funds I own. Its benchmark allocation for the 3 small cap stock funds it holds (including PRNH…
