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.
@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…
What is the chance he complies with these warnings? Slim to none?
Good question. Any type of detention (jail or other) would be very expensive with all the Secret Service protection ex-Presidents receive. Hell, might have to effect a whole new faci…
Never in my life have I invested in CDs or treasuries. This year is so far looking pretty good and as usual, I'm all in bond OEFs.
Yup - I’m not into owning the actual bond - though might not be a bad idea. But if I had some uncommitted cash, I’d p…
Nice @Junkster.
If I had any loose cash I’d buy some longer dated bonds. 4.34% on a 10-year ain’t chump-change. Rates drop and snatch some cap gain. It’s amazing people put so much stock in what Larry Summers says!
I also get the sense watchin…
Judge sets Trump’s bond at $200,000. Bars him form intimidating or threatening co-defendants or witnesses or contacting them either directly or indirectly.
Excerpt: The warning includes a level of detail beyond the bond orders the judge signed fo…
@hank- consensus- a general agreement. Not an "average".
Got it. Thanks @Old_Joe. I’d guess the consensus from my 10-15 web searches also falls around that 5% number.
Call it ”conventional wisdom”.
So far it seems like the consensus is something around 5% for the high limit on an individual stock.
Umm … There’s one poster who reports having 65% in one stock. Another has 1 stock @ 14%. That would skew the “average” above 5% methinks.
Most i…
Thoughts on the subject from T. Rowe Price:
There is no set definition for what makes a concentrated position. When an investment in a single stock represents more than 5% of a portfolio, T. Rowe Price advisors consider it to be worth addressing. …
Yesterday I stopped by Fidelity to drop off a $30 check. I told the rep to put the money into my premium MMF, not the core fund. Fidelity usually executes this correctly. But when I got home, I looked at the receipt and saw that it went into "C…
:)
@Ben, Sounds like you’re happy now. No reason to change. My leap was triggered by intense unhappiness with TRP’s service and customer support (not their funds). Having about half my assets with them, that was the first move. Over the next co…
”An 8 mile walk to speak with someone does not seem convenient. “
Could ride a bike - weather permitting. Less than an hour round trip by bicycle, and the exercise might help extend your period of active participation in the game of investing her…
Not necessarily limited to @Ben’s question, but I had a horrific time with TRP trying to get them to stop withholding state taxes on my Traditional IRA withdrawals. There was an op-out selection for declining Federal withholding, but nothing for sta…
Good question @Ben. However, what’s more desirable for one person might be less desirable for another.
I held funds at as many as 5 different houses at one time. Perfectly workable. Over very long time horizons there was a reluctance to depend…
@Yogibearbull. Thank you. The OT intentionally refers to stocks (not funds which by definition are diversified)*.
I’ll assume you wouldn’t ever exceed 5% for any 1 stock.
* Edit / Add: The Investment Company Act of 1940 does set standards for i…
Great link, @Andy- that should be just what @hank is looking for.
+1
Thanks @AndyJ / Will be interesting watching this as things devolve.
For benefit of others … By clicking on “more” on the right of the first set, you can pull up the rest of the …
What bothers me most is seeing people with low wage jobs spend gobs of money on overpriced trucks, cars and even coffee. One of our desk clerks drove a custom painted Ford F-150. Even back then with low interest rates, I cannot imagine how she affo…
