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.
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MikeM
I know you are not a fan of his, Mona (understatement :) )
Another Bills fan!!! Junkster just sent me a note saying the same. GO BILLS! They will be right down the road from me when training camp starts next week at St. John Fisher College. But tickets sold out in hours, so I won't be going. Are you from the area, Western NY?
@davidrmoran, I'm sorry to hear you lost your college friend. That certainly brings this pandemic into perspective on a personal level. We've lost some money. Your friends family lost much more.
I bought into DSENX shortly after you brought it to …
FWIW, I sold my shares of DSENX today and split the proceeds between AKREX and YAFFX. The Akre I already own and is my largest domestic holding, The Yacktman fund is new to me. Both funds handle market stress much better than DSENX and both funds at…
@little5bee, are you taking about transfers from 2 different accounts both with-in Schwab? Or, to an account in Schwab from an account at a different brokerage?
Let us know what Schwab says. When I transferred my T. Rowe Price 401k to a Schwab IRA, I could not transfer in-kind. They told me the transfer would enter Schwab to a cash/sweep account and I would have to buy from that. Because of this, I kept mon…
Market is up in hoping the $2 trillion QE package will pass this week.
I wonder if this will be a classic case of buy the rumor, sell the news, at least initially.
Good question without an exact answer @Bobpa. What might be good to look for is managers with great track records who had a lot of cash coming into this bear market. AKREX would be my 1st choice to put money back to work. I already own it and it has…
I sold my remaining shares of IOFAX today. It was very helpful to listen to everyone's comments, so thanks from me to you.
My rational was, 1 of 3 things could happen going forward:
1- the Treasury announcing it would step in and buy some of thes…
A couple good quotes:
Summing it all up was Sen. John Neely Kennedy (R-La.), who took his turn on the Senate floor, shaking his head before declaring: “This country was founded by geniuses but it’s being run by a bunch of idiots.”
“You know what th…
IOFAX fund manager ownership / @zenbrew
Tom Miner
Over $1,000,000
Garrett Smith
$100,001–$500,000
Brian Loo
$100,001–$500,000
These numbers are likely very minimal to the overall portfolios
for these fund managers. I got stuck with a much greate…
Come on Simon. You make comments like, "Stock prices are going much higher - higher than you can ever imagine." and " the bull market will last another 15 years", those aren't arrogant statements? By the way, ironically you made these comments close…
I've been pondering a play on the stock MRNA, Moderna Inc, but the stock keeps going up. Yes, I said up! They are the farthest ahead for a vaccine, which is really the only turn around this pandemic and economic crisis has. Has anyone else been pond…
I continue to learn no matter how long I invest and now is no different.
If I were to look back in hind-sight, I made a mistake early in January and February putting cash to work in bond funds as my CDs were maturing. I saw MM and CD rates going d…
It is now the 16th. How long will it take before the prayers kick in to fix this mess? Not much of a prayer person myself so not sure what to expect on timing.
Maybe. I actually don't mind the mix of post topics, but I wouldn't mind a category called "Articles". I actually use the Discussion+ filter exclusively not to get all those articles from John now. There is just to much crap and advertisements poste…
On the EM side of things, I bought a little BABA Alibaba stock yesterday. I've done well with it in the past and was waiting for it to reach my limit order to get back in, though I know it can still go lower. China's version of Amazon.
Mike, in my opinion, there is very little potential downside to selling 1 equity fund and buying or adding to another at the same time. Selling and not buying a new fund would be a different story. At that point you sold at a loss with no potential …
I don't know anything about EJ, but going into town once or twice a year to talk about investments and money matters with Schwab or Fidelity wouldn't be that bad.
Great point bee. A little story, I referred a friend to meet with the Schwab adviser I use. My friend wanted to roll over his 401k and decided to go with Schwab. As they talked the adviser told him, You know, I can't just come out with this, but if…
Hi @Art. One thing I considered strongly when I moved 401k money to an IRA account was whether or not the brokerage had a local brick and mortar presence. I will always feel more confident with a face to face sit down than over the phone or computer…
Interesting chart. It says the average 18-24 year old has $94,000 in wealth. Given that $4,393 is the median, there must be a few very rich mommy and daddy's giving their kids a pretty good starting bank account to skew the difference between median…
I wonder if that means the mortgages don't have PMI, Private Mortgage Insurance. PMI may suggest owners have less equity invested in the home and can more easily walk away from the mortgage. Just a guess.
Thanks for bringing this back @hank.
I had a few limit orders pull their own trigger last week. One was adding to my gold play, IAU the day it decided to have a substantial drop. Up 6.5% since, so yea for me. Had 2 small stock purchases kick in al…
I for one would love to see Buttigieg be the Democratic VP candidate. If nothing else it would offset the old-fart look the Dems will surely have. He was too inexperienced to shine in this election.
Agree with jojo. If last weeks drop kept you awake at night it may be a good opportunity to reduce risk now. If nothing else, this up-coming election could make this a very volatile spring and summer. And oh yeah, nothing has changed about the possi…
