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.
Precious metals have been taken to the cleaners. Strong dollar at least partially to blame. Miners (GDX) were off 3.4% today. Silver’s been leading the way - down 4+% today alone. Spot gold settled at $1829 - near the low end of a multi-year tr…
-“We have no prior operating history and there is no assurance that we will achieve our investment objective.
“This is a “blind pool” offering and thus you will not have the opportunity to evaluate our investments before we make them.
“You shou…
“Mass Affluent “. Is that someone who lives paycheck to paycheck and leases a C class? And is making payments on a Rolex?
I tried to find the minimum investment for you @LarryB - but a web search turned up nothing. I’m guessing it’s probably $100…
Here is the article from https://www.reuters.com/markets/us/traders-wary-volatility-jp-morgan-funds-big-options-trade-looms-2023-09-28/
+1 Thanks @FD1000 :)
”So, expect these articles to be recycled … ”
Makes me question whether to renew current subscription to Bloomberg when it expires. The current Bloomberg story bears an uncanny resemblance to a year-old Reuters story. Now, I wonder if it was…
+1 Yogi / I guess I’m even more confused than @Old_Joe claims to be. I saw it first in Bloomberg. Appears the same story makes the circuit every few years. I’d swear I’ve seen a Reuters piece dated 2023 - but can’t find it this morning.
@hank, the fund AUM is much lower now than at the end of 2021. We have seen multiple quarterly resets since the end of 2021. Not sure why Bloomberg thought this is news now, unless it has been raising this red flag all this time and I had not seen…
Seems like we’ve covered this before. The 25% w/h tax is pretty typical in Europe on foreign investors. However, some of them have a special treaty agreement with the U.S. and Canada limiting the tax to only 15%. Apparently, Norway is not a signat…
“Tongue in cheek” from me earlier. Like the kids saying “Are we there yet?”
I’m optimistic for the simple reason that nothing was spared today. A bit unusual to see commodities, miners, utilities, energy, growth stocks, consumers staples, bonds …
+1
More than expected. Much appreciated @msf. Guilty as charged to reacting to short term movements. My question was provoked after spending considerable time digesting a quarterly summary late last night of a long / short CEF I own. It appears…
If I had a robo I’d be yanking its strings today, asking what the 10 year going over 4.5% means and whether there’s a particularly good investment to try and profit from this. I guess the worst it might do is to suggest, “Take safe shelter immedia…
Simple question. Have robos gotten their clients out of the cap weighted S&P 500 - or at least reduced exposure this year? Hard to find market observers who think that’s currently reasonably valued.
If I had a robo I’d expect quarterly update…
Thanks @msf. Spot on. Although I didn’t look at the prospectus, the Franklin promotional work-up contains a multi color bar chart showing the allocations. And, yes, they combine the convertible bond & equity linked notes on a single line, but d…
Nice poignant quip from the afore mentioned Forsyth column:
“With a nod to our Deadhead central bank chief, what a long, strange trip it’s been—and a bad trip for those who own the 1.25% Treasury bonds due on May 15, 2050, which closed on Thursda…
Thanks @Observant1 / Great comments. Yes, if the firm has an intelligently / insightfully designed forecasting model to incorporate into the robo it should remove some of the concerns I raised. No reason to expect they wouldn’t devote their best…
Thanks Yogi,
Yep. I do have a digital version. There’s a link inside that called “read e magazine.” That seems to reformat it to look more like a page of print. No difference in content. Forsyth’s article is: “Treasury Rates Are Headed Higher. S…
@Yogibearbull - Thanks. Nice job!
Did you feel, as I did, that Forsyth’s “Up & Down Wall Street” column on interest rates was not as good as most of his writings? Seemed brief and simplistic to me. Often he weaves together many different inve…
”Something there is that doesn’t love a wall robo … “
Having never played around with any of these sophisticated tools, I’m curious how the rankings or relative performance numbers are arrived at? Granted, either a robo or real life advisor shou…
Wish I understood what drives the sometimes “weird” pre-market prices. One CEF I own is reportedly off more than 3% this morning. But a couple attempts to buy it in the premarket on Fido came up empty. No takers at offers I submitted well above …
The long awaited Season 3 of ”The Morning Show” on Apple TV is pretty good.
Show features a long established cast of unprincipled back-stabbing characters working at USB TV News. Viewers have grown to know them intimately during Seasons 1 & 2.…
”As @hank observed, Vanguard builds a glidepath”
Likely @msf intended to credit someone else with this astute observation …
Personally, never cared for prefabricated glide-paths, although lightening up on risk with age would seem appropriate. IS…
Those recommended age specific equity allocations are fascinating. Sound about right for disciplined really long-term oriented investors. A lot of us (self included) may have a hard time “shutting our eyes” and letting those long-term investments…
LOL
Will PRWCX have to change its name? “Capital Appreciation” sounds a bit broad. You could load up on old comic books with a name like that. :)
HSGFX = “Capital Depreciation” ?
Thanks for the thoughts @Crash. I like to think I don’t do macro - but I guess we all do to some extent. It’s hard not to let your perceptions about the economy, Fed policy, interest rates, various markets etc. creep in to your positioning.
I se…
Nice summary Yogi. Thanks. Was tied up most of afternoon so didn't follow it live. Sure turned markets on their head following a bright looking morning. This too shalt pass.
Anyhow, I like the part about beating up his bullies. But with today's bullshit Political Correctness* and Trigger Warnings* and Prohibitions* on even mentioning anything negative, he'd be the one called into the Principal's Office today!
*Just th…
