Greetings juan. It seems to me this is a Sunni versus Shia thing.. So far just posturing. Saudi Arabia has a new king, and it would seem the Saud family is making sure they keep power in their kingdom. I agree this is scary stuff with Iran broadening their influence.. In addendum, from a monetary point of view, Barrons had an article a few weeks ago strongly suggesting the possibility of oil reaching a bottom of 20 bucks/barrel at Brent prices. Iggy.
Hello juan. I shall make an infrequent post. IMO, if it comes to digging holes and hiding our wealth, at our ages we might as well forget about it. On the other hand, a wood stove for the winter, 180 days of unspoilable food, and a shelter which is protective from a dirty bomb might be a good thing in the next 2 or 3 decades. You have always been a good dude AFTER our first scrape. Best wishes. As for rivvir, if he reads this, I suggest he look up what 100K would turn into in CGMRX after 10 yr. It ain't pretty. As for FX we all know, it is capitulation time.
The former BIG 3 NETWORKS and MSNBC, CNN, ad nauseum. It would seem (to me) Roger Ailes has a #$%$ for Megyn Kelly. Down it goes with the rest on this course...............
OK, I will respond. Looked it up. POAGX is down 11%, Ken is down 15% ytd, and the S and P (my barometer, is down 7). Personally, I am ready to weather the storm , and very possibly HUGE buying opp. that ( I hope) and COULD BE COMING UP. Such things only come along about every 17 yr. My only mistake thus far was putting one seventh of dry powder in POGRX thus far. The rest is ready to roll with the correction. We shall see wont we? Iggy.
It is DECISION TIME if you have dry powder for the market. Buy, Wait, or Sell?...........IMO we are getting closer to a buy, about 10 to 15% down would be great. As always, we shall see.............
Here it is, the past 3.5 years From 07/01/2012 to 01/01/2016. 100 K in CGMFX became $150134. The no frills, common S and P 500 turned 100K into $161673. So for you selected 3.5 yr. time period, the 500 bested FX by $11534. I will be mericiful and spare you the Primecap (POGRX) fund's results,,,,,,,,,,,unless you insist.
So............according to Morningstar 100K with FX would grow to $155879 since Jan. 1, 2006. With the S and P 500 100K grows to $202242. A DIFFERENCE of over $46000. At one time FX had net assets of over 10 Billion in 2008. Now its a little over one billion in net assets. Perhaps past glory will return in the next 5 or 10 years, ya think?
CGMFX MINUS 4.11% for 2015. S and P 500 POSITIVE 1.38%. For the past 10 yr. FX as averaged 4.54% per annum while the S and P 500 has averaged 7.31% per annum. Talk about a long slump from past glory..... In addendum, FX has a 5 yr. average per annum of 2.41%. The S and P 12.57% per yr. for same time period. There are a no. of blue chip stocks that pay more than 2.5 % with their dividends per year. Source: Morningstar.
But then, there are 3 weeks left for "KEN". Hee, hee.