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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
Thanks to @davidrmoran, just added ability to screen for ETNs, as a separate asset class, in MulitSearch. A lot are commodities-based trading only vehicles, many leveraged. But some are pretty sweet, like CAPE.
Very sweet. PortfolioCharts should had your Zig/Zag SPY/TLT portfolio to list. I meantime, I will had Ivy, Golden Butterfly, Permanent, and others to Pre-Set Allocation options in MultiSearch.
Ha! A colleague once told me the same thing when Lehman was trading close to $1. He invested $25K of fun money ... and, could not believe when it was gone. But I hope that's not case with GE!
A Three Alarm Fund.
Over its 21.6 year life through April, it returned 7.9% per year, about 2.1% per year less than its peers.
It incurred a 71.4 drawdown in 2009.
It's a bottom quintile fund by every risk adjusted return measure.
It currently h…
Thanks bee. In investing, I find intelligent and well intending people can have completely opposite opinions. I guess because at some level it's about predicting the future, which is very hard to do.
I live in Central Coast CA. Many vendors at Framers' Market yesterday morning sold out early. Etto, a nearby Italian Deli, line out the door ... wine, fresh pasta. Dropping several hundred. Our local bike shop has no bikes ... all sold! UPS Store pa…
Every time I start feeling a little more hopeful, I get dosed with a healthy degree of pessimism. Even from David. He built me up in his latest commentary about the benefits of optimism, like Colin Powell would do, only to close with predictions fro…
@msf. "A problem with putting too much faith in volatility figures over a generally quiescent period is that one is blinded to latent risks." Hear, hear. And yes, DODIX recovered. Think the Fed helped all IG bonds recover pretty quickly. But right b…
@TheShadow. Thank you, really helpful. Good insight into pricing mechanism. Yay, hope this is not widespread. Think bond pricing is going to get a lot of scrutiny coming out of this mess. c
@carew388. You're in good company.
@NormPeterson. I found the sub-adviser for IOFIX, the folks at Garrison Point, to be of high character. I was never crazy about the AlphaCentric adviser, but the GP folks said they were left alone. I suspect that'…
By March of 2009, Miller's flagship had drawn down about 80 percent. He only drew down half that 11 years later. How does he get the new capital to take advantage?
Oh, but this, gotta love: He cited economist John Maynard Keynes who once said it wa…
I had a neighbor once tell me that stocks had to go up because everybody's retirement depends on it. I've started to wonder if that is a goal of all these emergency actions taken by the Fed and Congress. They're not backstopping stocks yet, but indi…
@MikeW. Literally, just looking around by Fund Family. Also, David's posts re: RiverPark. Just wanted to mention a couple examples. I'm sure there's a lot more. It did strike me that PIMCO's Total Return, once top dog, outperformed DoubleLine's Tota…
It was a bad month. The pandemic's economic impact is reminiscent of the financial crisis, only transpiring much faster. The world was unprepared. Hearing about "CV-19" at first seemed remote and contained, like the term "sub-prime mortgages." Then…
