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davfor
Thanks. She is well now and back to her daily volunteering.....
Year-end portfolio tinkering.
Me thinks perhaps the market forces the Fed unleashed in March 2020 will continue to play out in 2021 as vaccines get distributed. With that in mind, a couple of "exotic" funds were added to the fund portfolio.
Bond …
My MEGMX purchase was made in early May. I looked at ARTYX at that time but was wanted a fund that would be EM per my way of viewing things and had a hard time thinking of stocks like VISA, Netflix, and Nike as being EM stocks (M* lists ARTYX as cu…
Some thoughts about right sizing solar farms....
Solar is so cheap, we need to build far, far more than we need.
Solar panels have become so cheap that the true cost of electricity is shifting from solar arrays themselves to the steel and land need…
A description of what is considered to be Rejected Energy (for the 2018 version of the chart):
All energy use results in some losses, shown on the charts as rejected energy. This energy most often takes the form of waste heat, such as the warm exhau…
Chinese scientists claim to have built a quantum computer that is able to perform certain computations nearly 100 trillion times faster than the world’s most advanced supercomputer, representing the first milestone in the country’s efforts to devel…
Just ran across this short M* Energy Industry report dated 11/10/20. It discusses some factors that impact energy sector investment prospects.
STOCK STRATEGIST INDUSTRY REPORT
The upstream segment of energy got hammered this year. Looks like there may well be some daylight ahead for survivors, especially with vaccines on the way. So, attached my seatbelt and bought a little FANG in late October (YOC = 5.61%).
Here is a link that provides a quick visual overview of relative and absolute performance of the 11 Sector SPDRs over various time periods....
https://sectorspdr.com/sectorspdr/tools/sector-tracker
Here is one prognosticator's thinking about the durability of the recent value bump.
Notably, the rotation to "value" is likely premature as these companies specifically require a more robust economy to generate revenue and earnings growth. The cur…
It will be interesting to see which sectors outperform and underperform today! I had been planning to do a little portfolio housekeeping today but those plans have been put on hold.
Interesting group of funds thus far presented here. A quick and dirty review suggests SVARX has for me provided the most appealing combination of total return and downside protection from this group during its lifetime (7 years).....September saw m…
Thanks for the heads up on this one. I missed it in the Commentary. They focus on high growth small cap innovators and have a high portfolio turnover rate.
9/30 Quarterly Commentary:
https://sevencanyonsadvisors.com/newsandinsights/wagtx-commenta…
Thanks to all for the discussion about HVDC transmission.
The first major HVDC transmission line in the US has been sending renewable hydropower from Bonneville Dam to the Los Angeles area via an 846-mile long overhead line for about 50 years.
…
Great comments.
Retirement continues to be good after 15 years. Actively putting attention into maintaining good health makes sense to me as does accepting the aging process as it inevitably occurs. Being close to relatives makes sense in our sit…
Schwartzer makes a good case for mid-stream and the quality pick of EPD makes sense to me. My aversion to EPD relates to the Schedule K-1 they issue (See: https://www.forbes.com/sites/baldwin/2017/02/08/state-filing-requirements-for-mlp-investors…
Here is an article that suggests a blue wave election in November will probably move solar investments up further following the election. Some specific investment ideas are included.
https://oilprice.com/Energy/Energy-General/17-Trillion-Green-Ene…
A 10 year global projection for deployment of additional renewable capacity for electricity:
Solar output is expected to lead a surge in renewable power supply in the next decade, the International Energy Agency said, with renewables seen accounting…
@WABAC PNW is expanding it solar footprint. But, yes, Arizona regulators appear to be committed to centralized projects. Per M*'s writeup on PNW:
Current rates are based on a 10% ROE, above the average return in recent base rate decisions in the …
@Mark I was considering BEP, TERP, & HASI last fall. The depth and breadth of BEP interested me the most. (I also have an investment in BIPC (formerly BIP) and am comfortable with Brookfield.) But, BEP had rallied ~15% in the prior quarter an…
"Smarter people" suggest that......
Value stocks outperformed growth for half a year after every presidential election since 1980, according to research by Larry McDonald and his team at the Bear Traps Report.
New administrations often pass a lot…
Me too regarding hopes for the future. Regarding the recent trend in renewables, I initiated a position in TERP on 12/30/19 and made additional investments during Q1 of 2020. It was merged into BEPC during the summer. The return to date on that in…
New to portfolio during past week or so: DLY, STK, SZC
Oops. Here are some brief whys. These three purchases finalized development of a high yield portfolio funded by carving 25% out from OEF/ETF portfolio.
DLY - New diversified Doubleline incom…
oh, dear. a collection of charts. my eyes glaze over...
Yes....using the Page Reference guide and skipping to the charts of interest may be the best way to go with this one....!
Interesting. Except for that jump to the 1981 peak there has been a fairly persistent long term down trend since 1798. But, we are close to a floor now unless the Fed changes its mind about negative rates. Maybe we do just bump along zero for a w…
Just a little related background info regarding his thinking about MMT...
Bridgewater Associates founder Ray Dalio says the coming of Modern Monetary Theory is “inevitable” to address wealth disparity in the U.S.
https://cnbc.com/2019/05/02/ray-dali…
@FD1000 Your comment puzzles me. The section of Jessie Livermore's commentary that discusses equity market valuations is fairly bullish. It provides support to the TINA perspective and to a gradual rise in the P/E ratio in the current investing e…
According to the most recent Federal Reserve data, the top 1 percent of U.S. households by wealth own 39 percent of equities and mutual fund shares, and the top 10 percent own 83 percent . Also, the top 1 percent of U.S. households by income own 41…
The link between current household asset allocation and stock market performance the last section of the article highlights is interesting (this has been a long term emphasis of the author --
http://www.philosophicaleconomics.com/2013/12/the-single-…
@WABAC Thanks for the link. It is encouraging to see the variety of design concepts being pursued. Yes, successfully developing a container ship will be key.
Here is what is stated to be an excerpt from John Bolton's book (I don't have the book). That book is apparently silent regarding Jeffrey Goldberg's reporting about what Trump said. Fox News' has asked The Atlanta to comment about Bolton's account…
Worthwhile interview with author of article. Trump thinks military service does not make sense because it is not motivated by big money.
https://youtube.com/watch?v=yu7Gu8wPdsA&ab_channel=MSNBC
The hair stylist who did Pelosi's hair suggests it was a setup...we'll see where this little side show leads us.....
In a statement issued by his lawyer, hair stylist Jonathan DeNardo appeared to agree with Pelosi's accusation that her appointment a…
Turning back to the headline for this post. This poll lends support to that potential outcome:
Republican and independent voters are twice as likely to not reveal their true preference for president in a telephone poll, a study found.
CloudResearc…
H & R Block included an input line item in its personal tax software program this year that permits it to utilize the total "wash sale loss disallowed" amount from the 1099 form to make the needed wash sale adjustment. I suspect turbotax may al…
A little internet poking turned this up this comment from turbotax.....
Thanks to a law passed in 2008, taxpayers receive help keeping track of their tax basis. The law requires brokers to track the basis of specified securities (including stocks an…
And, here is another piece of interesting aviation news from today:
....the Celera 500L has finally been revealed to the world, with the launch of a new website and a bunch of very cool new photos.
What we're looking at is a six-person private craf…
Thanks for the post. That document was in my inbox but I hadn't looked at it yet. Yes, it sounds like it will be necessary to reduce cost basis upon sale. The answers to your two questions will probably present themselves as you complete your tax…
