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?
I noticed the nice bank loan trend over the last couple months and decided to make my own "Junkster-trend-play" earlier this week. Bought some BKLN, power shares senior loan etf.
Interesting Ted, but I wonder if TRP sold out of VRX already. PRGFX was down only -0.7% yesterday, not much different then the S&P500. SEQUX was down -7.7% with the VRX drop.
And actually, SEQUX's drop of -7.7% with VRX's drop of 52% says that…
The Western Roman Empire failed because of a barbarian invasion, because of constant wars, because of geographic overexpansion, because of military overspending, because of major government corruption, and because of slave labor. The USA does not su…
Hi Carefree. If you didn't own SEQUX, would you buy it to fill that space? I always thought I would like to buy that fund if it ever opened up again, but I now feel like it is not the same fund it was 5-10 years ago. Trust in management and stewards…
I'll just say don't commit funds to equities or other risk assets if your investment horizon is shorter than 10 years.
Hi Hank. Not clear on what you mean by this. Are you saying those who are close to or in retirement shouldn't be in equity funds? …
I have been a fan of Matthews in general for many years and have owned both MAPIX when it first opened as an alternative to MACSX when that fund was closed to new investors. When MACSX reopened, I moved my MAPIX money to it. But when moving my 401k …
I went right to the results of this paper. Everything else puts me to sleep.
Results from the this investigative paper:
…a strategy of hiring managers with mediocre track records outperforms one of hiring past winners, and a strategy of hiring pas…
Troll: "One who posts a deliberately provocative message to a newsgroup or message board with the intention of causing maximum disruption and argument."
Thank you DanHardy. You absolutely described Dex with that definition. If his originated posts …
It is beautiful, so clean, and the Lake looks like Aruba in the sun.
Sounds like a "Great" Lake David :) I actually live a mile away from one of those myself. I wouldn't mistake Greater Rochester area as Aruba though.
Thanks for the info Ted, but I prefer my 1 stop shopping at Charles Schwab. Well, 2 stops I guess. I still have a 401k with TRP. Even though BRUFX looks great, the fund is not worth buying out side my 2 existing accounts to me. Starts to become to m…
Is BRUFX available anywhere other then direct through Bruce funds? I know it's not available through Schwab. Good fund but limited availability for most.
Thanks Lewis. You appear to be suggesting if Americans smoke more they can live longer... brilliant. Pretty sure everyone here who has had a smoking relative or friend with lung cancer will appreciate your efforts.
I agree with you MJG. The Monte Carlo analysis is the first step in determining how much money do you need to retire at your living expense expectation and how confident do I want to be in that assessment. Everything else mentioned above are ways to…
I can never get by my first question, 1) do these liquid-alt funds have better return over time than a moderate or even a conservative balanced fund? The answer is pretty much no.
The problem I see with correlation to the market for these funds is …
Hi Hank. I don't think you are saying anything different than shipwrecked is, really. You picked some of the best funds in the business to compare. You will find fund managers that have outperformed this index fund over chosen time frames. But you w…
Mr. Shipwrecked, you are not alone. I've been thinking the same thing for the last year or so. So much time looking for the best fund and holding multiple funds doing the same things just doesn't make sence to me anymore. Vanguard balanced fund is a…
So what if you are ready to retire with say a million dollars in savings, and you have determined with your expenses that the million dollars will last you the rest of your life (and your spouses) and then some. Isn't there a "sleep well factor" her…
davfor, I agree the article is worth discussion. Many of the things Trump (and others) say are said just to instigate emotion from voters who feel disenfranchised by their government. They don't have to be feasible or even true. Trump is by far the …
I didn't own or follow FAIRX from the start, but didn't the fund hold a huge chunk of Berkshire Hathaway in it's early years? Could variability have increased and returns decreased since Bruce's decision to go it alone - without Buffets consistant r…
Ted, thank you for picking the Panthers :)
Any team that keeps the Patriots out of the Super Bowl is my new favorite!!!
Plus, what a great way for Payton Manning to end a Hall of Fame carrier. John Elway style!
Denver 24, Carolina 17.
Yes, I remember drinking the cool-aid after this fund was so highly praised on this board 3 or 4 years ago. Luckily I didn't stay in long. I still remember Ted saying no one needs this fund or funds like it - they're losers. Good old Ted is right mo…
Hi slick. I don't kid myself that the trailing stop is the end-all. I'm hoping that it saves me from big losses more times then not. If it wip-saws me, so be it. Setting a "liberal" as you say stop at 15-20% kind of doesn't make sense to me. If you …
Buying individual, stocks to be honest, is just a recent "hobby" for me. I set aside a small bucket to play with. The first thing I learned (after mistakes) was to establish with yourself your mind set for the purchase. My mind-set had to be 1 of 2 …
Crash, what is the lie you are referring to? You are investing in a stock. There are no guarantees on price or dividends that I know of.
Lets face it, the oil sector is in dire straights. If there are no positive earnings, it's tough for a company…
It looks like per M* data, procrastination is hurting you. FAIRX is down about -11% for the month (FAAFX slightly worst), compared to the S&P 500 down about -5%.
In hind sight, it appears that Berkowitz does not fit the definition of a great a…
Vkt, great post. The health care sector has been on such an up trend that it is easy to forget how volatile individual stocks can be in this sector. Valeant is a perfect example. It trended up so long, so high, people were still piling in not knowi…
...a pitiful example of what you have going on with pharma today: politicians are pointing fingers at pharma but want political points or to make a name for themselves. CNBC anchors kept repeatedly asking her, "So what did they do that was illegal?"…
Um, who cares about Donald being in the debate or what Fox has to say? Kind of the pot calling the kettle black to me. Not sure how anyone can defend the biggest bully on the block. Who hasn't he threatened?
Of course, we never really new what "bl…
What does a nation of unemployed workers do when plan b ... z is taken by a robot or artificial intelligence?
Robots don't design themselves or their interface with other mechanized movements. Robots break down quite often - daily, and you need skil…
That is the post I remember Hank. And you were prescient in your reply:
A further 50% drop to the $25-$30 dollar area would signal something very wrong with the global economy. I won't, however, rule it out.
But my response must make me a guru...
…
This is a real opportunity...
Seems like it, but the same quote has been said about oil stocks for well over a year now. Can't remember the poster, doesn't matter, who declared about a year or so ago that it's time to jump into energy. I don't know …
Bowie and now this. Keith Richards must have made a deal with the devil.
Please allow me to introduce myself... Could Keith be the "Lucifer" in Symphony for the Devil. My favorite Stones song by the way.
Frey was a great song writer. Desperado may…
