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 finally found PGIM estimated distributions where they were supposed to be. My problem was my iPad could not find them whereas my desktop did. FWIIW, PWJZX won't have a large distribution on 12/17. @Mark: Schwab processed my BIAWX distribution yest…
@JonGaltill: right, BST is a BlackRock closed end science and tech fund, but it does have a global portfolio. Of its 3 managers, 1 also serves on BME, the Health Sciences CEF that has done well previously, although it has done little to merit its M*…
Thanks @Marinauser. BIAWX has a very reasonable distribution this year.
Has anyone been able to get PGIM info? Their web site is truly hard to navigate.
@rforno: BST is not a fund I have ever considered. I did note that it has or will pay a big distribution this month and that since July it has traded at a deeper and deeper discount. The regular monthly distribution of some 22 cents per share sugges…
Here and Now broadcast a worthwhile report on Biogen and Aduhelm, the Alzheimer’s drug.
https://www.wbur.org/news/2021/12/10/biogen-aduhelm-reckoning-alzheimers-drug
It’s not surprising that the whole biotech sector is under pressure when one its…
Biotech stocks, not necessarily the technology itself, vastly outperformed the market and the healthcare indices from the GFC through 2015. Since then, it has been hard to make money consistently in the sector. I've tried, but not successfully. Cath…
@rono’s post of the video is timeless and welcome. A great tradition in our household ended a few years back when David Letterman did his last Christmas show featuring Darlene Love’s 28th appearance singing this Phil Spector classic:
@carew388: I referred to the link in @yogibearbull’s post in which DoubleLine provides a prospectus for a CEF using the Schiller Cape strategy.
Kudos to @wxman123 for hanging tough with the strategy. I chickened out.
@yogibearbull: thanks for that link to the DoubleLine filing. The derivative and options strategies described in the filing sound very complicated, but maybe the same sort of thing has been going on in DSEEX and CAPE all along. ("I would be shocked …
@davidmoran: DSEEX being a mutual fund, I suppose the sponsor could shut it down, but the shareholders would get back what their holdings are worth. IDNK what happens to the holders of an ETN if the issuer decides to fold it. In the case of CAPE, Ba…
The huge distribution this year would have taken me by surprise. In addition to the December payout, shareholders of DSEEX also pay taxes on the monthly distributions. When I owned this strategy I had a portion in the ETN (CAPE) which paid out nothi…
Standpoint fund management explains the poor November performance in this quite detailed accounting of its long and short positions.
https://www.standpointfunds.com/fund/documents/under-the-hood-november-2021
As some here opined recently, the fund …
Biotech stocks resemble a landscape filled with craters. The two ETFs that cover the sector, IBB and FBT, are hurting badly, YTD, 1yr or 3yr. FBIOX is down about 15% YTD while broader-based HC funds have not kept up with the stock market as a whole.…
Thanks, @Mark. I now recall seeing this document. My memory is good, it’s just short (to paraphrase a character in an Ionesco play). I am surprised that Brown hasn’t posted numbers.
@hank: Jim Chanos just appeared on CNBC and explained why he’s been short DKNG for most of 2021. I found his explanations of why some companies are overvalued to be very comprehensible. He was on today because it’s the 20th anniversary of the Enron …
@hank: that stock and others have become falling knives of late. Names and symbols withheld in the interest of privacy and not damaging my ego any further. I need a trip to DollarTree to pick up some bandaids before they go up to $1.25.
This Rekenthaler M* article on EMs may be worth a read. He finds that shareholders like us (I.e., outsiders, not insiders) have not seen our EM investments pay anywhere near what the growth rates of the various countries would suggest, especially si…
Thanks for putting up those figures, @JonGaltill. I got caught with ARTYX.
Strangely, WAEMX, (Wasatch EM SC Fund) holds, according to M*, only 8.72% in SC and MC, whilst it has 53.43% in giant and LC. It's no small-cap fund, but it has done just f…
I felt a sense of civic pride when we got our first two shots. The county health department organized the announcements and appointments online, commandeered a university convocation center to give the shots, and pulled it off splendidly. The appoin…
Fox NFL broadcasts feature gambling odds on games later in the day. There’s a plus-minus number, an over/under figure, and a percentage figure expressing the likelihood of one team winning. Mumbo-jumbo to me as I confine my wagering to the games pla…
We probably haven’t noticed these food price increases because we eat only plant-based foods. I did hear an anecdote on the news about a rib roast costing $100 this year. Shortages in the stores are definitely affecting our shopping, however.
@hank: good point about use of a global fund. Although we don’t know what our daughters are doing with the college money we give to our grandchildren, my advice for the MI tuition savings plan is to use the TIAA global equities option.
@Observant1: the PV charts are really helpful. I had noted MIEIX and SCIEX as good performers when I looked rapidly for LB international funds. What strikes me is how relatively poorly the investor in international equities has been rewarded over th…
@hank: there is still insurance coverage, as I understand it. We have, as you may, OptumRx, the plan offered for retired school personnel in MI. Just Thursday, despite telling the doctor how we wanted the script written, Meijer had the 90-day supply…
WCMIX has $29B in AUM and is quite concentrated, maybe a red light. My preference is PWJZX. For Global, I'd put new money into BGAIX, not MGGPX. Heugh's fund also may have become too large, prompting the soft close. The Baron fund has scorched just …
@Old_Joe: given the run-up in the stock this year, I’m thinking some of those big holders will probably take some profits, thereby depressing the stock temporarily. OTOH, managers who missed out on the performance might window dress at the end of th…
I’m not surprised, @TheShadow. I little style drift is OK, but TSLA in a SC fund? Yesterday TSLA declined 12% dragging some Baron funds down. At one point in recent months, TSLA represented 47% of Baron Partners. I believe Twillo came crashing back …
