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.
@hank: the only difference I know of regarding stocks or funds in a brokerage account is that ADRs are ineligible for automatic dividend reinvestment. This is true at Schwab, FWIIW.
@davidmoran: a SeekingAlpha author today claimed that CDC was currently 75% in cash and said this was part of the fund’s mandate, given the weakness in the market. Are you holding any?
@davidmoran: Snowball profiled HAPY a couple if months ago when it came to market. There are links to its methodology; in a nutshell, companies whose employees are satisfied see outperformance in their stock. My reaction to reading the list of stock…
@Mark and @rforno: I try to think positively by repeating, « stocks are on sale. » It doesn’t always calm the jitters, but it helps. There is still ample dry powder, and I’m deploying it.
@davidmoran: my faith in COWZ remains intact, but it has been tested in recent weeks. I did reduce MOAT as its methodology put it in a tough spot. Of course it underwent holdings changes at the end of Q2, so maybe a trajectory that made me queasy wi…
@Derf: it used to be possible to average one’s income over 4-5 years, thereby reducing the pain from a big spike. The IRS did away with that provision, but I don’t know when.
@catch22: one other consequence of a one-time jump in taxable income is your Medicare premium rate, which is income-based. The premium is automatically jacked up, regardless of the reason, and stays there even if that year is an exception. In time, …
I took a look at the SC funds mentioned in Barron’s. Didn’t find one that would make me change my mind about BRSVX. The screening used M*’s « quality « metric. BRSVX does not measure up, or so it seems. AVALX has been mentioned on the board previou…
I have not looked into this, but the idea popped into my head that maybe the airline industry got treated too well during COVID and the DT administration. There has been reporting of late on huge waste and/or fraud in what was paid to businesses.
Jerry Jones appeared on CNBC today where he got applauded for making more than $1B on a bet on Comstock (CRK), so maybe we would be late to the party at this point.
Q: General Flynn, do you believe in the peaceful transfer of power in the United States of America?
A: The Fifth
What's astonishing to me is these scumbags with whom DT surrounded himself. Birds of a feather... This one was National Security Direct…
As outlined in today’s NY Times, Alito had been plotting the overthrow of Roe since his service the Reagan administration. We are dealing with fanatics (Thomas particularly) who have no qualms about lying to get on the Court (Thomas and Kavanaugh fo…
If you want to take a winger on the worst-of-the-worst, @derf, SCG is bringing up the rear. BCSIX, is a previous winner that holds almost all tech and healthcare. It’s closed at present. You could look at DVSMX and NEAGX. These three differ in the s…
Not sure where this comment belongs. If I click on a fund symbol in a discussion, an array of names of providers such as Yahoo, Smart Money, Barron’s etc. appears. The M* link, just today, takes me to the « not supported » language previously cited.…
Jay Winik’s The Great Upheaval, a study of crucial events in the 18th century, covers the origins of the Establishment Clause, as it has come to be known. I am a Connecticut native brought up in the Congregational Church, or at least it was the chur…
M* has an article today about DODFX. I am still invested in SVXAX and it has been one of the few bright spots on my very gloomy portfolio picture. A word to the wise: the Smead boys are not afraid of big bets, especially on energy which makes up 28%…
Thanks, @Ben, for those illuminating instructions. They were so good my conversions worked on the first try. Can't say it was something I would have discovered on my own. I did not look at M* linked instructions.
@fred495: you’re right about PQT_X taking a hit yesterday; so did KMLM. However, with today’s merde show in the markets, KMLM has recovered smartly. I suspect the PIMCO funds will be positive this evening. Thanks for the info on the Wadhwany fund. P…
In my experience investor services allow cancelation within 30 days at no charge, as well as pro-rated refunds during the subscription period. At M*, however, you pays your money and M* keeps it. This is surely a bad feature for individual investors…
@msf: my memory might be faulty, but I recall that the problem was that the investor kept his own records, not his brokerage. I also understood that pass-through dividends issued by the MLP, which, are not taxed, require an adjustment of the basis a…
BION, I have a friend who made enough money in Bitcoin a few years ago to buy his daughter a house. I’m sure he’s out of that market now. Glad @rforno got out.
@Crash: we have personal experience as heirs of a portfolio containing several Limited Master Partnerships, positions bought and held by a DIY investor before the advent of electronic brokerage record keeping. The estate (read the lawyers) had to es…
I own some and (more) KMLM in the same space. The latter does not have a long record as an ETF, but its managed futures strategy dates to 1993. It seems to have avoided the string of mediocre years of performance that PQT_X racked up, as Lewis highl…
Thanks, @LewisBraham. I did get hooked on Serial when it came out. Nowadays I find broadcasts characterized by narrative or explanation accompanied by irritating music to be, well…,irritating. This American Life sins in that way, as do other shows o…
Not to detract from the intelligent discussion, but the problem of skyrocketing prices reminds me of the Nixon administration’s total failure at price controls. Be careful what you pray for. I certainly don’t pray nostalgically for a return to the 1…
Schwab's page for PGAEX lists its gross expense ratio as 175.28% while the net ER is 1.4%. I can't recall ever seeing an ER of any stripe as high as that.
