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.
Support MFO
Donate through PayPal
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?
"For the long term investor the time to build cash was sometime ago....".
I don't think we are anywhere near 2000-2002 or 2007-2009 economic conditions or bubbles. So old_skeet, I also think the time to sell has past. If you are uncomfortable, ligh…
Hank, are you being penalized for living in Michigan? I took a quick look at flights from Buffalo to Miami and see round trip flights from $220-$227 on American, United and Jet Blue. Slightly higher, $244, out of Rochester. That would be booking for…
Frankly DavidV, your timing strategy is possible I suppose. There are successful trend followers here that are very successful on avoiding big losses. Junkster comes to mind. He does it with specific funds in a specific sector. He buys when he deter…
If there were an automatic technical criteria I think we would all buy that book and we could limit our downside to what ever we wanted it to be. If that book told us when to buy back-in we would all be rich. Well, at least the people who bought tha…
Yes Ted, Rex still has his job. The new owner gave him a 5 year contract last year and will give he and the GM Whaley time to produce. His and the teams downfall was to put in the Rex Ryan defensive scheme in with the wrong personnel. Last year the …
http://energy.gov/eere/vehicles/fact-835-august-25-average-historical-annual-gasoline-pump-price-1929-2013
Interesting chart for gas prices from 1929 to 2013 normalized in 2013 dollars. I started driving at 16 in 1970 and from the chart, .35 is exa…
MANNING & NAPIER has been a wonderful financial investment house from my neck of the world (Fairport NY, an affluent suburb of Rochester) for many years. Recently they bought a majority holding in Rainier Investment Management. I wonder if clos…
I fear another Marketfield fund scenario where asset bloat (after being acquired by NY Life) ruined a good fund.
mnzdedwards, the big, or actually huge difference between NY Life and Manning and Napier is that one is an insurance company and the oth…
Here is the definition of market timing from investopedia.com . I'm not saying there is anything wrong with it. Some, like Old_skeet with his 'spiffs' and others with their systems do well with it. But on average, it doesn't work well for me. So sor…
I would venture a guess there are many many more domestic terrorists in this country then foreign. All wanting to believe and repeat distorted facts and out right BS. They spew the same hate as posted above. Pretty scary.
Joe, easier to just say "you win". Sit back and watch the sarcastic BS this guy brings to the table.
Oh, and I do expect a sarcastic reply even to this. He just can't help himself. Go ahead Dex___ Have the last word.
Edmund, if you are relying on slanted conservative propaganda for your views, I don't know what else to call it but narrow minded and extreme. You post an article from a right wing blog publication in which the founder (now deceased) of that group t…
Not sure I've ever heard so much BS in a while, especially from you Dex who I think just loves to argue - and win. And Edmund, statements like the one I highlighted below just define you as a narrow minded extremist in your own right, at least in my…
History tells us that criminals and terrorists will always find inventive ways to secure weaponry... There is nothing new to the weapons environment, support, or debate in the USA... Laws will be inadequate to solve this problem because of huge seco…
Hi little5bee , "a journey of a thousand miles starts with a single step." Stop the sale of these weapons now and every year after there will be fewer of these mass murder tools available. Allow the sale of mass murder weapons as they are today and …
Thanks msf for the NY Times post. The editorial, "The Gun Epidemic", makes so clear to me that we Americans allow a private, money making entity to influence and fund our politicians to allow the proliferation of equipment built specifically for mas…
Chinfist, what is the goal of owning 4 Alternative funds in a portfolio. Just curious on the thinking behind this. In asking that question I do have a bias. I myself wouldn't own 4 of any type kind similar fund category where all funds had the same …
I know of no one that believes what the Warren Commission fed to the nation. I do. Is there proof otherwise?
What conspiracy do you think it was, Castro, the mafia - Frank Sinatra, Russia, LBJ, the US military, the CIA, Herbert Hoover? I've heard…
I have much the same memories as little5bee. Principle Sr. Mary Michael came into our class room towards the end of the day to tell us. I remember her as a very strict lady, but she was sad that day. I must have been in the 4th grade. Strangely, I m…
I invested a third of my IRA in the Schwab intelligent portfolio at about a 60/40 mix. I invested in June of this year. I input the portfolio into M*. As of today the Schwab portfolio YTD is down -2.85%. Not sure when the data you show is from, like…
I thought it was funny. Thank you David. It was a terrible day for the civilized world.
MJG, you're just from another planet. One where every thing is black and white. One where the only thing that maters is that everything must be precisely correc…
But they're not "designed to be traded all through the day". They are designed as a low cost investment to mimic the returns of a broad based index. I'll agree, the ability to trade a broad based index ETF is trading used by a some. But not the purp…
Yes and no in my opinion VintageFreak. I think broad range index ETFs like the S&P 500 are definitely investing tools. I would even say more so then a managed large cap fund for many people who are seem tempted to jump to the fund of the month. …
"But [ I ] am considering PNM as a bond equivalent in my taxable portion when one of my bonds cashes in mid 2016. "
slick, PNM is a stock that fell -28% in '07 and another -50% in '08. From the M* graph it looks like it took almost 7 years to come b…
little5bee said:
a hypothetical question for @msf: If someone had a $10 million nest egg invested totally in tax-free munis...no other income...would he/she qualify for and O'care subsidy?
With a 10 million nest egg you could sit back with a cocktai…
Wow. This fund has been around for about a year and out of the gate it's a stinker. Per M* management profile, the 2 managers have never managed or even co-managed a mutual fund before. Flying under the radar probably is the best place it could be b…
Interesting. When you bring SEQUX up in M* the stewardship part says "Under Review". Apparently because 2 independent trustees resigned. I'm not a premium M* member so I can't read the whole story.
Vintagefreak, if SEQUX hasn't been a buy and hold …
Per M*, on 6/31/15 VRX is 29% of SEQUX portfolio. 29% x a drop of 20% in the stock equates to about a 5.8% drop in the fund.
The % of VRX in the portfolio is likely less than the 29% reported on 6/31/15 since the stocks price dropped significantly …
