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.
Musk is an enigma. Difficult to fathom. Exceptionally brilliant. Driven. Visionary. Unfortunately, there’s little correlation between these qualities and other admirable human attributes such as ethics, morality, selflessness or adherence to democr…
Certainly sounds like a Hollywood concocted “screen name ”. :)
But Michael is looming large as a state’s witness in the Florida trial regarding Trump’s handling of classified documents. Quite a bit on NBC news last evening which prompted me to do …
Thanks for doing the math @msf. None better.
I also appreciate that no one has slammed me for being sacrilegious re this great fund. Like I said, it’s fun to slice and dice the numbers in a variety of ways. I suspect most who were heavy into equ…
PRWCX has an absolutely incredible long term record under Giroux. Looking nearer term, the M* numbers say the fund lost 11.94% in 2022 and is up about 12.55% so far in 2023. Since it takes a larger % increase to make up a loss, this would mean th…
@hank- how on earth did you come across this from the Sierra Daily News?
Dunno … I was researching the old sitcom “Mary Hartman” … and Molly Michael popped up instead …
Might make for some equally entertaining interesting viewing.
It’s a thoughtful well written article by Krugman.
I don’t think anyone can predict where inflation is heading. The wise folks at the Fed sure didn’t get it right a few years back with “transient.” But as inflation goes, today’s is much less than…
Just read in Reuters that oil is heading up to $100/barrel. The combined cut back from major oil producers including OPEC and Russia are affecting the supply side. Higher energy cost will boost inflation again.
Both NYMEX & Brent crude are up…
It frustrates me when a thread can quickly deteriorate into "silly ass" discussion. The thread topic is simply "How would you invest $100,000 now?". Just answer the question, give your reasons for that choice, and move on. The answer to the OPs q…
What I meant to ask @Baseball_Fan (and forgot to) is:
”What’s different about this particular $100,000 compared to all your other invested money?”
Anyway, @Gary1952 was very emphatic and precise (all capital letters) earlier and specified tha…
Perhaps a safer mode of travel?
https://www.cnn.com/2023/09/11/asia/kim-jong-un-north-korea-russia-meeting-intl-hnk/index.html
Err … ”It takes one to know one.”
@Derf - The link below should pull up an avocado green refrigerator from the 70s. The other popular appliance color in the 70s was harvest gold (which might have preceded it). White was out. There wasn’t much available in stainless steel - and it…
Well … In looking back over 2 years of Grantham threads on MFO it does appear he is largely held in disrepute by this esteemed body. I’d somehow missed that. Feeling the consensus view is generally correct in investing, I will foreswear to never ag…
Thanks OJ. Colombo was an absolute classic riot. RIP Peter Faulk.
How old am I? My first home in the early 70s came furnished with an Avocado refrigerator & range. . And, I quickly added a bright yellow corded wall phone to that kitchen wall.…
+1
Thanks. All good.
Yes - it was clear you were referring only to your cash position in the August comments. A bit unfair of me to single out one line.
I won’t “lock-in” on any so-called prophet. But like to listen to a wide variety. ISTM G…
See my original comment : “Linked solely for those who might be interested in Grantham’s latest views.”
If the shoe doesn’t fit, don’t wear it.
Don’t tell me there’s some restriction here against posting out-of-favor / unpopular / or recentl…
Does it matter if $100k is a substantial sum or not? The question was simply "how would YOU invest it NOW". A very simple English language question.
That’s a bit harsh towards some of my colleagues here. But, as you like it. Re: “NOW” - Be aware…
ISTM the entire internet is going to s###.
At least 90% of the queries i submit (financial or otherwise ) come back as seductive advertisements having no value unless you provide personal information or pay money. Some of us have been around lon…
Great discussion. Like FD, I focus on the total portfolio.. Sure, it can be modified as various circumstances change. But I’ve never thought the amount invested mattered much if you have a model portfolio in place.
So whether I had $50,000, $…
@dtconroe - Thanks for the rebuttal. I never give specific recommendations or even share my own specific investments (unless they come up in the context of a particular fund’s discussion). I hope that does not exclude me from making broader observa…
@LarryB. Van Patrick is the first Detroit sports announcer I can remember. That must have been back in the late 50s or early 60s? Lions football I think. And a good announcer.
The other I have no idea. But Lafayette would seem to be in Indiana. …
I can find precious little news on this one. PSTL. I’d earlier linked an earnings call - but that was a month ago on August 8. Sorry. I was a month off!
Overall, the allocation funds I like to track only lost around 0.25% today. The damage in bon…
@Hank. Do you mean Ernie Harwell of the esteemed duo george kell and Ernie harwell?
That’s the worst you can fling at me? :)
Ernie was a Detroit and baseball institution. There’s probably a book somewhere listing all his witty & colorful me…
My only harp here with all the cash dwellers is: Provided that’s your established style I think it’s a really great way to go and locking in the highest available rates is a solid decision. Where I’d have a concern is with former equity investors …
Don't read hussy commentary today if you hold lots of stocks etc.... you'll be investing in whiskey to steel your nerves....
Last time I looked Hussy’s “flagship” fund was averaging -3 or -4% annually for the last 15 years. Must be some sort of a ge…
Hasn’t been much posted on Putin’s plans to confiscate the still Russia domiciled assets / infrastructure of Western (read: “unfriendly”) nations’ companies still operating there. The FT had a piece on that yesterday, as his final list of seizure…
Yup. Looks like utilities were down.
I really think the professional short sellers are jerking the intermediate (10-year) and longer bonds around. Nasty lot. They tend to gang up. Move in and out on different days. And can really exaggerate …
I put several balls in motion today and ended up screwing myself. Sold half of a sizable stock position after it dropped 2% this morning to buy one I’d been watching that was down 3% on the day and close to its one-year low. The one I sold held ste…
We are selling our sailboat we have owned and enjoyed since 1999. Worst investment ever. And selling it might not be very easy at all.
They say the 2 happiest days in a fella’s life are - (1) The day he buys a boat and (2) the day he sells it. …
Happened to see this beauty on the water yesterday. Thought it might belong to someone here. :)
I really haven’t a clue where you should put your money. Maybe invest in a boat?
Re: It isn't "converting", but just "adding" mutual fund classes to existing ETFs.
Thanks @yogibearbull. Distinction noted. (Suggest folks just read the excerpt and not pay attention to my clueless attempt to summarize it.)
Do you have additio…
Nice @Old_Joe / Makes perfect sense.
(For informational purposes) I’m currently enjoying a 1-year subscription to the NYT online at a $49.99 introductory price. One nice feature is that all the NYT stories linked on the board load easily. Works…
What I often wonder is whether “spoofing” by the likes of JP Morgan, Goldman, Wells, etc. may also occur in the form of the “free” investment advice so generously served up in print or on Bubblevision? … You know - “Buy this”, “Sell that”, “All…
