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.
I owned BAMBIX through most of 2022 (10% weighting). There’s a great thread on it somewhere in the 2021 or 2022 archives. Sold it to move into a more aggressive 40/60 conservative allocation fund after markets fell so much in ‘22. But I keep it in…
@Old_Joe - If you missed it, in the May Commentary David mentioned we need to recruit some younger readers and wanted suggestions. Maybe you’re due for a name change? Something more appealing to those under 80?
:)
Well, I dunno, Martha. Give us a leg shot.
Yeah - I’m sure there are better lookers. I just admire her take on aging. Just because you’re old doesn’t mean you have to act old.
I did not understand the initial question as asking individuals to justify why they own any particular asset themselves or what they advise others to do. I regret having responded, as I don’t have time to wrangle with others over whether they shou…
Well @Derf - “departure” may not be the best word here.
A tribute to @TheShadow who must have incredible sources. I’ve searched the web + Bloomberg and have found nothing yet on this tragic loss of a prominent fund manager - but plenty of glowin…
Catching falling knives can be very painful! It is hard to predict how long that pain will last.
Yes. Know what you’re buying based on the best information available. Go in slowly. Hopefully build up a position gradually at better and better price…
There’s a whole other issue of whether the fund is dollar hedged, partially so, or not at all. You can find international funds in each camp depending on whether or not you want to hedge against potential dollar weakness. If you believe the dollar…
So if you buy a used car with the heater & heated seat turned on, you have to buy a subscription to turn them off?
:)
From an investment perspective, just as you and I might enjoy having a steady income stream so do auto makers. So they’re will…
Let’s turn the calendar back one month …
From CNN April 14, 2023
”Main Street’s retail investors have barreled into embattled bank stocks. It looks like nothing tempts people to bet on an industry more than bargain prices, even if they’re caused b…
Yes I maintain a little in a global bond fund and also hold a high yield mini fund. They’ve long been part of a well diversified low risk portfolio. Bonds & bond funds got whacked in 2022. Worst year for bonds I can remember in more than 25 y…
Yeah - It’s a lot different today than when Netflix started out. Back in the DVD days they carried almost everything. Now each provider has their own domain and they don’t much overlap. I dropped Netflix long ago for that reason. Like I said earlier…
Ditto what Catch said. The streaming services can be clunky to navigate. Each one is different. Need to identify their search option. Sometimes it’s a symbol (like a magnifying glass for example) you click first. Then a blank field pops up where yo…
“In the meantime, I'm considering selling all our TRAIX except for placeholder amounts and purchasing bars of gold.”
Oh yes! Please buy gold! Everything I have connected to precious metals got pounded this week. Nice promo for gold from Randal …
It’s very interesting that nothing was said about Summers’ absence. Possibly he’s traveling outside the country or on a vacation. But very puzzling indeed. More likely he’ll join Carlson & Lemon as recent TV cast-offs. I can’t imagine having…
FWIW saying I reloaded the liquor cabinet and went long on popcorn futures the other day. So I'm ready for whatever may come from these lunatics across the river from me.
That’s a lot to digest.
+~9.6% and +~8.11% as of a minute ago ...
Thanks much. Even I can grasp that. Simply stated. Guess I’m getting a bit unnerved by all the extraneous noise. Added a tad to cash today.
Let’s just fund the IRS! Joe Doe, working for an hourly wage, ain’t the problem. His pay is public record and taxes are withheld automatically by his employer. Let’s be sure those with harder to track income sources (who are in a better position…
Speaking of “failing dumpsterfire”
I was going to suggest she’ll make a handy target for scorn & ridicule when a certain political figure fails to get his way. But thought better of it. :) Yet, one wonders how many different ways he’ll intent…
Thanks @Yogi. Looks like you pre-set the start date for 9/22/22. If I’m reading the chart correctly, as of today all 3 major indexes are up about 10% from that low. Umm … feels like more. Extremely left brained. Charts & maps drive me up a…
JPMorgan Chase & Co. (JPM)’s Jamie Dimon took a jab at Donald Trump for encouraging Republican lawmakers to dig in over raising the debt limit even if it means default — an outcome his bank is prepping for by convening a weekly war room. “It’s o…
Bloomberg’s in “worry mode” today. It varies day to day along with the weather.
Hitting little white balls would be infinitely more productive and interesting than watching red / green squiggles on a stock chart. But so would be fishing, mowing …
Tend to agree with Shipwreck. I’ve long kept a minuscule position in SPDN as part of a hedge position (SPDN = around 2% of portfolio). Doesn’t amount to a hill of beans, but tempers downside on some days and allows for taking more risk in other area…
I’m not sure “guilty” is the correct term here. As the linked article explains, this is a civil case - and the jury has found him “liable.” Trump won’t have to register as a sex offender in NY State. Yet, I suspect a background check would exclu…
I have it in my Schwab account and there are times when I want to move distributions from other funds into VWINX, but the $75.00 fee discourages that if the amount is not significant. That is the reason to look for another fund that is no-load.
+1 …
I probably wouldn’t replace it. All investments go through periods of overperformance and underperformance. The two alternatives you mention certainly have stellar records. INPFX gained over 38% during the 3 years from 2019 thru 2021. The likelihood…
Worth reading: https://nerdwallet.com/article/finance/debt-ceiling
I wonder if McCarthy recognizes how stupid this sounds or does he think that using the words “Communist” and “Chinese” will ensure support among the benighted uber-nationalist base:…
Agree with all. What struck me in looking at the chart is that Berkshire is in the 6th spot behind Apple and a few others. It has been even nearer the top over the past decade. Since about half of Berkshire’s equity position is invested in Apple, I…
Rummaging through old posts uncovered this from last November … Never out of date.
“Have you noticed how easy it is to tell yourself that you would be comfortable with a 10% drop in the value of your portfolio until you are seeing it losing $50,0…
Due diligence here suggests that I should post the entirety of my earlier comment from which @Old_Joe has excerpted and to which he has taken exception.
“PACW + 85% today to $5.85
Believe a lot of money has both been made and lost on this one. M…
