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.
@Maurice- Thanks for the update. I didn't realize that Schwab had different types of offices, as the one a short block away (a three minute walk, perhaps a few seconds longer at rush hour) is a full service office. No appointment necessary for regul…
VF- good question! If that's true then would that be fake news about fake news? Before is over this is going to be even worse than just plain facts vs "real facts" vs "alternative facts".
@Tiger: You can also set up a portfolio at M* and it will report daily data for funds and market-delayed data for stocks. I know what you mean about formatting changes. If you are downloading to a spreadsheet which has been built for a particular in…
From that Oppenheimer puffpiece:
"The total returns on securities issued in Puerto Rico were highly attractive in 2016, according to Bloomberg Barclays Municipal indices that measure performance.1 Overall, Puerto Rico securities had a 2016 total re…
The Barrons and NYT articles really weren't too helpful on this with respect to DavidV's question. Can only speculate that the "damage" component had already been "built in", so today's reaction was possibly relief as the situation clarifies and res…
@Bee- yes, it's a wonderful feeling when you realize that no external power can take away your house (aside from unlikely instances of eminent domain). Congratulations!
"Biggest fear now is that I'll get in some kind of altercation with a flight attendant and end up leading-off the evening news."
@Hank- Please try to keep your shirt pulled down properly as they drag you off the plane. :) Have a great time down S…
@Ted- This administration makes a specialty of confusing facts, if they actually know what the word "fact" means. Which is very doubtful, considering their liberal use of "alternative" (ie: "dubious", to be charitable) facts.
I don't tend to post much with respect to our actual investment funds, because of the perception at MFO that American Funds is a almost a pariah because of their front loads. We may be somewhat of an exception on that, as we haven't been subject to …
Lewis- With respect to your observations, that's pretty much why we've stayed with American Funds (for a major part of our fund exposure) for the best part of forty years now. Their funds are managed by committee, which tends to have an averaging ef…
If there is more "out" money, versus "in" money, then Ted will just have to put in more to offset that situation. He's the only one here able to do that.
@catch22- It's only fair to equalize these matters. Now Canada will be equally pissed as Mexico. It's a good thing the other two sides of the US are oceans.
Besides, anyone building or buying a new house should certainly be able to afford an extra …
@davidrmoran- No, appears to be a percentage gained or lost over a certain period of time. That period is determined by changing the number of days in the moveable box, and the box itself may be moved anywhere on the date line. The arrows at the end…
In autumn of 2007 we found ourselves in northern Europe as the markets crashed worldwide, and not a thing could we do. This year we will also be away in France for a month, and I'm not taking any chances with this screwball that we have inflicted up…
I agree, but still it's interesting. The exit will now happen, one way or another. What's to gain by an election at this point I don't understand, especially since the Brexit vote was so close. She must have some sort of inside info suggesting that …
"Such activity actually prevents violent revolution and communism by keeping displaced unemployed or underemployed labor from becoming desperate."
@LewisBraham- I'm afraid that an analysis such as this (short though it may be) is just a bit too com…
"The process of digitization does not create information, it codes information. You have to first have information to code it."
@bee- Well, yes, to a point. However, these days the analog-to-digital process is so automatic and interwoven that much …
