My question was focusing on fees. As I remember it from the 80s and 90s, most mutual funds then available came with a pretty stiff fee of one type or another which could be 1-2%. That's a pretty big hit. Maybe OK for some folks, but it's what drove me away from mutual funds. I think agip is suggesting that's not necessarily the case anymore...?
You never want to be paying anywhere close to 1 or 2%. Look at the Vanguard mutual funds and ETFs. They are all in the 0.3 to 0.7% range. They are the best mutual funds and ETFs out there. Fidelity is 2nd. And never pay a front-load or back-load fee.
You are usually paying the high fees (1 to 2%) for an actively managed fund and index funds beat actively managed funds 80% of the time.
Wow. The thing is, I notice that lately I think back on those years more than I did before. Like you, some really wild times, and I've tried to keep that under my hat, with a son that i don't want to adversely influence (in the wrong way).
Yeah, I can say, sure am glad that for all the things we did back then, somehow made it through in one piece and I'm hopefully wiser for it.
Interesting to put it all into perspective....
Congratulations on retirement. Our children are old enough to hear the war stories. I just grew up to a large extent. Getting some confidence. Wanting to be somebody.
Me, too, Igy.
And I appreciate hearing this and sharing this with you.
Going out on a bit of a limb here, and I don't want to step into political areas, but I have to say that for me, for all the stupid things I did, fumbling around, treading in questionable areas, I was able to not get caught on the wrong side of things, was able to find opportunities and methods when I was ready to get serious, and had some things just stacked in my favor to make things work as well as they did. I try to not overlook how fortunate I was and continue to be in that respect, though I'm afraid that not everyone has those same advantages. It's easy to forget that or not see it in the first place.
As for sharing war stories with the offspring, he's stopped listening to most anything I have to say, so no fear of adversely influencing him. About 5 years ago, he became the adult in the room. LOL.
Apple announces earnings after market closed today and it's down somewhat, about 2.5% after hours, reportedly due to "underwhelming" iPhone sales. If this doesn't turn around, that will surely weight on markets tomorrow, one might expect.
Any projections about future prospects are watched closely in their conference call, so things could get better or worse.
Congratulations on retirement. Our children are old enough to hear the war stories. I just grew up to a large extent. Getting some confidence. Wanting to be somebody.
Me, too, Igy.
And I appreciate hearing this and sharing this with you.
Going out on a bit of a limb here, and I don't want to step into political areas, but I have to say that for me, for all the stupid things I did, fumbling around, treading in questionable areas, I was able to not get caught on the wrong side of things, was able to find opportunities and methods when I was ready to get serious, and had some things just stacked in my favor to make things work as well as they did. I try to not overlook how fortunate I was and continue to be in that respect, though I'm afraid that not everyone has those same advantages. It's easy to forget that or not see it in the first place.
As for sharing war stories with the offspring, he's stopped listening to most anything I have to say, so no fear of adversely influencing him. About 5 years ago, he became the adult in the room. LOL.
One of the saddest moments as a coach was the poor decision that cost someone their life. I had an injured male distance runner. It was before the Sun Belt Conference Outdoor Track Championships. Final exams were the next week. He went home, got drunk with friends, killed in rolled car. His parents didn’t speak English, came to school the following week to collect his belongings. I cried with his family. Still makes me sad. We hosted a meet in his honor for the remaining years I coached.
This post was edited 3 minutes after it was posted.
Apple announces earnings after market closed today and it's down somewhat, about 2.5% after hours, reportedly due to "underwhelming" iPhone sales. If this doesn't turn around, that will surely weight on markets tomorrow, one might expect.
Any projections about future prospects are watched closely in their conference call, so things could get better or worse.
my sense is that this apple quarter won't be taken too seriously...there's apparently a new iPhone coming out for Xmas, so eyes will be on that, not the end of the old cycle.
Apple is down a couple percent but the SP500 is flat in the after market. As are the Qs.
Apple announces earnings after market closed today and it's down somewhat, about 2.5% after hours, reportedly due to "underwhelming" iPhone sales. If this doesn't turn around, that will surely weight on markets tomorrow, one might expect.
Any projections about future prospects are watched closely in their conference call, so things could get better or worse.
my sense is that this apple quarter won't be taken too seriously...there's apparently a new iPhone coming out for Xmas, so eyes will be on that, not the end of the old cycle.
Apple is down a couple percent but the SP500 is flat in the after market. As are the Qs.
A new iphone is coming out?!!? ZZZZZZZZZZZZZZZZ they are all the same. I bought the first iphone around 2006 or so and it was the only one that would withstand my sweat. I used to go through an iphone every 4 weeks because it could not take all of my sweat. I would wrap it in baggies and then wrap a small towel around it and still it would die after a few weeks if not sooner.
my sense is that this apple quarter won't be taken too seriously...there's apparently a new iPhone coming out for Xmas, so eyes will be on that, not the end of the old cycle.
Apple is down a couple percent but the SP500 is flat in the after market. As are the Qs.
A new iphone is coming out?!!? ZZZZZZZZZZZZZZZZ they are all the same. I bought the first iphone around 2006 or so and it was the only one that would withstand my sweat. I used to go through an iphone every 4 weeks because it could not take all of my sweat. I would wrap it in baggies and then wrap a small towel around it and still it would die after a few weeks if not sooner.
Yeah, they're saying iPhone 15 coming, with details to be released next month, and sales this quarter were likely subdued because consumers have been waiting for the release of the new one. I don't get on the bandwagons for the latest high-end iPhones either, but apparently many do.
They say any mention of their AI roll-out in the Conference Call will be closely watched.
I'm okay with Apple taking a breather. It's been steadily grinding higher while other techs were more erratic. It's nice to see Amazon and Google doing so well since the start of the year, regaining momentum.
Current and historical p/e ratio for Apple (AAPL) from 2010 to 2023. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. The PE rati...
A year ago the UK Central Bank said the nation would have a long recession under crippling higher interest rates and very high inflation.
A year later we know what happened....no recession but 0% growth.
Inflation has fallen but still very high. Over that year it fell to 7.3% from 9%.
So....not completely wrong but not completely right either. Central Banks can't forecast any better than anyone else. Which raises the question why we have human beings do the job.
Carl Quintanilla @carlquintanilla (Bloomberg) -- The Bank of England unleashed its biggest interest-rate hike in 27 years as it warned the UK is heading for more than a year of recession under the weight of soaring inflation.
7:04 AM · Aug 4, 2022
(Bloomberg) -- The Bank of England unleashed its biggest interest-rate hike in 27 years as it warned the UK is heading for more than a year of recession under the weight of soaring inflation.
May 2023. This guy implies that perhaps the US was in a recession in the 2Q23. Nah - we had solid +2.4% real growth, and it would accelerate from there. Not a good analysis. But many old 'rules' haven't worked in the post-pandemic period.
And as of 8/23 the FOMC no longer expects a US recession.
Jeffrey P. Snider @JeffSnider_AIP Is the United States in recession right now? Govt data indicates that, yes, it is happening validated by 75yrs of data/300 quarterly estimates. The FOMC expects a "mild recession" later this year. What if it already happened before SVB/Credit Suisse?
0:15 PM · May 29, 2023 · 11K Views
Is the United States in recession right now? Govt data indicates that, yes, it is happening validated by 75yrs of data/300 quarterly estimates.
The FOMC expects a "mild recession" later this year. What if it already happened before SVB/Credit Suisse?https://t.co/jMBvkbDkXR
— Jeffrey P. Snider (@JeffSnider_AIP) May 30, 2023
EMD EM bond CEF announces increase to income distribution for months of October thru December up .0145 to .0845 monthly. At $8.80 a share that brings the distribution just under 10%. A good sign investment fundamentals strengthening.
Earnings Scorecard: For Q2 2023 (with 84% of S&P 500 companies reporting actual results), 79% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise.
Be that as it may, i would expect that as a rebound takes hold, we see an interest in buying up the beaten down winners from the last few years, like Apple for example. As the cycle evolves, things may change.
the interesting thing is that many of the 'tech' companies aren't really tech companies anymore....google is an advertisement platform. As is Facebook. Apple is...consumer products and content delivery? Amazon is retail. Point is, if you want that ol' tech massive growth, the old names may not be able to deliver it. You might think you have a tech portfolio but it isn't anymore.
To get fast growth you might need to go to smaller companies that aren't household names. For that reason I use RYT, which is an equally weighted tech fund. Over the last 52 weeks, RYT has done much better than a more traditional market cap weighted fund like VGT.
But over longer periods of time VGT has done materially better, as megacap tech has done so well over the last 10 years.
Also, with RYT you don't face the prospect of major blowups like Alibaba and Tesla are going through...your money is more diversified.
This was posted about 9 months ago, and involves the discussion in which Igy declared that Apple was headed to 100. But that aside, it's interesting to see how Agip's intuitions regarding the equal weighted tech etf (RYTIX) outperforming the market weighted tech etf (VGT). It didn't happen, at least not yet, as you can see by this graph comparing those two and adding in Apple for interests sake. The market weighted tech etf outperformed both by about 20%. In the graph linked below, Apple is green line, RYTIX is blue, and VGT is purple.
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