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?
...who am I to second guess Cinnamond...
Hi NumbersGal. Well since you asked, you are the person paying above average fees for some really bad sector-picking choices by this manager. I think you have a right to second guess this guy. I also think Ci…
Not buying anything right now, but yesterday I did place 3 limit orders for stocks I would like to buy, one stock each in 3 sectors I'm hoping do well in 2015, financial, energy and tech. The limit buy orders are for a 5% drop from their close as of…
Most financial experts are predicting lower total returns moving forward. If that is the case, and I believe it is, the 4% rule can not hold up. It's based on earnings return of 4% plus inflation. That is suppose to keep the retiree solvent for 30+ …
IMHO, market neutral funds may or may not work in bear markets. Emphases on may not. And they surely do not in any other market. Hence, no need for any fund called market neutral. They all sport different magic and any of the processes used in these…
WHO ever said home Ownership was an investment?
Umm, that is what I always heard in my younger days. "Buy, don't rent, it's an investment." So I guess the answer to your question is everyone said it. You act surprised??? Maybe or maybe not this is n…
I hope he turns things around for them. Big Blue has had taken second fiddle to that other school, Michigan State, not to mention many of those other Big Ten foes.
Yes, I've heard the Cutler rumors. Sadly, he might be an upgrade for the Bills. We are a quarterback away from being a pretty good team. Merry Christmas Ted.
So Delph, first off great post. But just to belabor my point earlier, if you are going to buy the oil or energy sector now, you better be buying to hold until it comes back to a profit - no stops. It just doesn't make much sense to buy a falling sto…
Buying that falling knife is a strategy if you are willing to wait, possibly for a long time for a turn around in that sector. You have to be disciplined to stick with the strategy. A different strategy is to wait for the upturn trend to be establis…
Thanks guys. This is money in 401k.
It is confusing still. The 401k (T Rowe Price) shows a transaction buy cost of $25.60. Yahoo shows yesterdays closing fund value as $25.60. Morningstar's un-reliable data still shows previous day price of $28.53…
Hank, funny you should say that about PRWCX. I decided to sell my stake in FAAFX on Thursday to shift that money into PRWCX today, which I did. Does that mean I got a 10% bargain on that purchase of PRWCX? I'm always confused on distributions affect…
You could even add a believable twist to tightening the screws on Russia an Iran... the U.S. is behind it, working with the Suadis. What better way to magnify the sanctions we implemente iregarding the Ukraine "invasion" and Iran nukes?
Charles, what the... you posted you are "back into APA", then 13 hours later your out of APA. Why the change of heart?
P.s. bought a little APA today. Bought some AMAG last week.
Thanks john. You verified for me that Matthews is a top notch outfit. But even with that, it is always good to use the motto, trust but verify. You did just that.
Hi Hank. $2.90 not high by NY standards. Lowest I've seen around here is ~$3.05.
I was temped to get back into PRNEX about a month ago. Obviously glad I didn't. I'll just let the oil wars with the Saudis and Russian sanctions and North American oil…
John, pulling your money from Matthews based on the voices heard on this thead would be crazy. You have likely only heard part of the story by a single individual. Matthews has been a terrific Steward of money in Asia. Could they have handled these …
Your questions may have been justifiable, but your rude tone to an individual trying to work with you to explain their side makes me side with Matthews. Sounds like you are biting off your nose to spite your face. But I believe this isn't the first …
I worked for the big yellow box for 39 years up until last fall. Still working at the Kodak industrial park, but with a different company. But yeah, the days of 80 thousand people here in Rochester working for Kodak are long gone.
Hi ted. Yeah I hear they pay minimum wage to anyone who comes and wants to push a shovel. The storm they got was very localized off lake Erie. 60 miles down the thruway here in Rochester, we got nothing.
You are right. It will melt. They call for 5…
Just another thought David. No need to be sarcastic.
Would you call Romick successful? How about Yacktman. Both have montras to preserve capital, aka don't lose. Sounds to me like Junkster has had pretty good luck with his system too. Or is all th…
Davidrmoran, there is another way to look at "don't lose". It can also be seen as know when to fold them or don't try and catch a falling knife.
If you invest or trade in things that are already trending up and adhere to set stops, that is one sys…
Guess I don't agree with David's statement completely. Not thinking like the rest of the people is only a prerequisite for being different, not successful. Plenty of fund managers go against the grain and lose. Can you say Hussman?
Very true for me. In fact when I rolled my 401k to an IRA, the brokerage I chose had to have brick and morter in my area. I want to sit face to face with a human when I have questions or problems or need advice. Probably a baby boomer thing.
Hi Bitzer. Yeah, same ol' quarterback and offensive play calling problems. Questionable penalty calls by the refs didn't help either, but Miami was the better team last night. I have no problem using state tax money for a new stadium. Hell, they'll …
What gets me about the discussion is todays loser is always yesterday's winner. Who is going to buy a fund that isn't performing, isn't a winner?
We tend to buy on the up cycle (winners) and sell on the down (losers). I'm slowly coming to the concl…
Hard to follow your post. What is a fund vendor? Is it a brokerage like Schwab or Fidelity? A specific fund house? Your "question" paragraph is kind of hard to follow. At least for me.
Maybe the confusion is just on my part. But if I get your gis…
I'm far from computer knowledgable, but it is my understanding that remote servers taking over ones computer happens all the time. Often you wouldn't even know it. Antivirus security is suppose to watch for that but hackers, also known as scums of t…
I've slowly come to the conclusion that Ted and a few others are right. These funds add nothing to a diversified portfolio. They in general, do not out-perform a decent balanced fund. If you have to be right twice, in an up market and in a down mark…
TB, you made up your own definition. I guess that is okay for you, but don't try to sell it as fact. You didn't have a position or working schedule as a business owner? Owner was your position. You woke up every day and did what needed to be done to…
TB, umm, what does that mean? Retirement is over rated...investing to stop working is great!
from Wikipedia:
Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours.
Very interesting thread. The diversity of responses is terrific. The thing that strikes me the most is the diverse circumstances and different ideas people feel were important to achieving their retirement wealth.
For my wife and I, the biggest be…
Ahh, Guinness. A taste Americans either like or hate.
My wife and I went to Ireland back in the 90's. We found that the Guinness we get here in the states is totally different than on the emerald island. Here, it doesn't come close to the smooth r…
Yes, being a beer connoisseur myself :) ,Bud Light, Coors Light (actually even Coors regular) Labatts Blue Light, they're all the same. Might as well have a glass of water with your wings. And here in the land of chicken wings, we know what to wash …
Hi rono. Hard to give suggestions to a guy I used to take advice from. Heck, I think I remember guys like you and Ed talking about PRWCX 7 or 8 years ago.
Good luck on your roll over and have a happy retirement. I'm sure you and the Barron von Rot…
