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.
10-15 year time frame? But thinking of making what amounts to a tactical decision? If you have a long range plan in place you shouldn’t have to make this type of decision. Rather, you’d be considering rebalancing and possibly adding to beaten-up …
It’s not like Buffett needs the money. But stranger things have happened. I predict he will be exonerated of any wrongdoing. (My predictions are correct 49% of the time.)
Dr. Michael Spence (Nobel Laureate) of Stanford Graduate School of Business is most interesting on the subject of AI. Raises the question … ”Will humans will be replaced by AI?”
The interesting thing about the line, “The rich are different than you and me” is that you can read just about any inference you want into that vague pronouncement, depending on your own interactions with wealthy individuals or perhaps only vague…
That spiral galaxy at the top looks a lot like the much closer Andromeda. I have a large framed photo of Andromeda in my home. One of my favorites. Stunningly beautiful..
@BenWP … Ralph Cramden only wanted to send Alice to the moon. Sounds like …
CVRT - Calamos Convertible Bond ETF just launched. Was mentioned in Barron’s this week.
INCM - A purportedly “conservative” multi-asset ETF from Franklin launched a few months ago. Managed by same team that manages the Franklin Income Fund (…
Absolutely wonderful. Have already purchased the Audible edition, based on the excerpt, to listen to during the night.
“The rich are different from you and me ...”
”Here is a list of banks in the United States that were affected by the 2007-2008 financial crisis. The list includes banks (including commercial banks, investment banks, and savings and loan associations) that have been taken over or merged with an…
Surely JPMorgan Chase, USA has neither been bankrupt nor acquired, at least in our version of possibly parallel universes.
Absolutely correct sir. Sorry for the mix-up. I’ve deleted the false narrative and linked a chart instead. J.p. morgan was an…
Wish I had a dollar for every prediction out there. Mostly just folks gassing. But I suspect in a few rare cases intended to influence markets for their own benefit. ISTM money is made in markets when they move in ways the masses are not expecti…
David. Thanks as always. Haven’t gotten too far in … But intrigued by your mention of LCORX. $10,000 minimum. 1.28% ER. Apparently very overweight fixed income presently. A few short positions. And what appears to be a stellar long term risk adju…
“It was a GLOBAL rally.”
Of course. I had a lot of other things rise last week (as did anyone who’s not sitting 100% in cash). Was just pointing out the sharp reversal in one segment (small caps). There’s been one or more recent threads in th…
Nice chart @Catch22
What’s not to like? 5 day return is a very short period to be sure. One stock I have that’s been comatose for over a year (gone nowhere) spiked 7+% in the last 2 trading days. It’s a conglomerate made up of a dozen or so smal…
This discussion reminds me of why I like to stay away from ”rock star” managers.
Bill Gross Slams Jeff Gundlach: “To Be A Bond King or Queen You Need a Kingdom”
https://www.businessinsider.in/stock-market/news/billionaire-investor-bill-gross…
Thanks @msf for explaining the discerning attributes of cash over bonds.
ISTM those “still available” higher yielding CDs are probably a “lag effect”. Likely to disappear in a matter of days. I agree that the concept of what constitutes “cash” i…
Of course if it’s a test, we’re grading on a curve, yes? ;-)
Well … Does anybody know where the answer key to this thing is?
If any of us had that answer, I don't think we'd still be visiting MFO......
ISTM Ted had that Answer Key last.
Selling a bit of an infrastructure fund heavy in utilities - rebuilding depleted cash. Utilities have been sucking air lately. Nice rebound in recent days on lower rates. VPU (as a gage) is up 2.17% 2.36% late in the day.
Thanks for the correction @Old__Joe - I hadn’t considered that I might have altered @Level5’s original intent with my modifications. So, I’ve added a note to that effect.
Edit: About ”Artistic License” https://en.wikipedia.org/wiki/Artistic_licen…
Yes, thanks as always @Yogi.
I haven’t read the statement. I did sorta listen to most of the news conference. What caught my ear in response to a reporter’s question was an instance where after repeating the normal language per the 2% inflation g…
@Level5 said,
“When the market is rising I think …”
(I’ve restructured the OP into multiple choices and added choice E.)
(A) Boy, was I smart to add to equities last week…
(B) Boy, was I smart to sit tight…
(C) Maybe I do know what I’m doing…
”That's not the mechanics of a brokerage CD - you cannot just withdraw your money. If you want out of a brokerage CD before maturity, you must list it for sale on the "Secondary Issues" market.”
Thanks @Stillers / One of your better posts.
As a ca…
Thanks Yogi. Options seem to be the color of the day. Maybe this new one will do better than TMSRX has - (not meant to imply strategies are the same.)
Thanks @TheShadow for posting this.
.58% ER?
That seems low. Sorry, haven had time to read it all. But wondering if it will short stocks and whether the interest paid on short positions is included in that ER.
For comparison: JHQAX ER .83% (which also seems low to me)
@MikeM - I’m not in Warren Buffett’s league. Nor do I expect, or even hope, the 3 equities I hold (3.33% each) will perform better than Buffett’s Berkshire. So, for those who want to duplicate Buffett’s return, they should put 100% into BRK. …
For those who do like to own individual stocks as a main investment tool to your overall portfolio, have you compared your stock selections to a broad based index fund like the S&)500 for large US stocks or a small stock ETF or a global ETF if u…
If BB Fan means he’s 85% T-Bills that’s pretty conservative. Here: 47% equity / 30% bond / 15% short term and the rest “other”. I’ve always worked hard to keep volatility in check. The equity exposure is mostly through L/S funds & others that …
Did either of you get the sense that Rieder, for all his smarts, was making the best case for his fund with the goal of attracting assets?
Great question @BenWP
Hard to say. What manager doesn’t want more assets? Nearly included in my earlier …
Ben franklin said: ”Experience keeps a dear school. But a fool will learn in no other.”
Sometime in August I revamped my static portfolio, including in it a 10% allocation to a single stock. It’s one of the largest food distributors in the world. …
+1 Yes - Nice interview. Some insights into bond investing. This week’s Barron’s refers to BINC (incorrectly) as a “high yield” fund. Not really. Rieder addresses various allocations. My readings on M* previously suggested around 35% HY. But it…
Thanks @WABAC for putting it clearly. A poster who claims to have moved mostly (if not fully) into cash at “5%” starts a thread ostensibly about stocks but loaded with political suggestions from the get go. Things get out of control. Who would’ve …
If the U.S. is in such dire straits, what is the fascination with U.S. government issued / government backed paper? What gives you confidence that this government’s Treasury Department would make good on those T-Bills 3, 4 or 5 years out? What ma…
Thanks @Crash.
The quality of this at The Ambassador in NYC has varied greatly over the years. But it’s always a hoot! The cast keeps changing / evolving. Better in earlier days. Under $100 still gets you a front row lower level mezzanine seat…
Took too long to kill off this expensive index fund, whereas their competitors are changing only several base points.
You haven’t heard of P.T. Barnum?
Hope this hasn’t already been covered, but don’t some of TRP’s allocation funds (like TRRIX) invest in this? Perhaps they have an institutional share class that won’t be affected?
OK / I should have read full thread. Looks like TRP is “disappear…
