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Roth contributions do not count against the 401k limit, do they?
In other words, a person under age 50 can contribute $17k to a 401k and $5.5k to a Roth IRA, correct?
Perhaps not along the lines of what you're looking for, but offered for your consideration nonetheless...
Of Human Bond-age
Bondfire of the Vanities
Nothing Will Yield But Something Will Have to Give
Year of the Dog
Bagelopoly
Reply to @Mark: See the September annual report
http://www.ivafunds.com/sites/default/files/downloads/IVA Funds Annual Report Sept. 30, 2012.pdf
It is by no means the major emphasis of the report; but it does indicate that many dividend stocks may…
Reply to @hank: much obliged. appreciate the link; I'll have to dissect that later when I have a clearer head. I'm disposed to trust Clyde McGregor & Co., but will do some more due diligence if I can ever find the time over the next month. Th…
Reply to @Investor: Actually, the mechanical watch industry is doing quite well. At least one new watch firm seems to be founded every year; and the industry warns of a forthcoming shortage of watchmakers. Watch magazines have also proliferated, …
Reply to @Investor: No doubt, no doubt. Life's emergencies tend not to coincide with market tops, whether for stocks or fine arts.
Truth is, however, certain high end Swiss and German watches do a pretty good job of holding value, and even increas…
Reply to @hank: hank, I got you covered on the Swiss (and German) watch thing. I travel to Switzerland on an annual/semiannual basis and can window shop with the very best of them. I could spend your money well, hank!
Reply to @Mona: Please...don't get me started. I'm a big fan of the Reverso line; if I wasn't limited to Swiss I'd go with an FPJourne. Still waiting for the "watch account" to grow a bit more yet. Enjoy the Patek. The 5296G-001has long been on …
Thanks to all; these are really great suggestions.
catch, I do not have a Fido account, but I appreciate your detailed suggestions.
David, BobC, I think I'll look into NEARX, VMLTX, and the RiverPark fund after I do a bit more due diligence.
bee…
Reply to @Charles: The media in general really digs D&C, and I think generally for good reason. In addition, Osterweis recently said he wanted his shop to become something like D&C. FMI's managers, I believe, speak well of D&C (I think…
Thing I never got about D&C as a "value shop" is that they're funds are always fully invested (or about 95% fully invested). I tend to think "value investing" would require a manager from holding cash when there aren't enough values available, …
Reply to @Mona: It can (but it need not). See Artio, for example (but see also TROW). If you consider an asset manager being taken over by a publicly traded company as a similar type of transition, see Royce Funds (but see also Affiliated Managers…
Hey, let's not forget that Royce's Micro Cap fund is over 25% international stocks. And yet Royce keeps benchmarking it against the US Microcap index.
Chuck sold his soul. He kept his cashmere sweaters and his bow ties, but he sold his soul. And…
Reply to @VintageFreak: I was being ironic. Yeah, I think, Chuck's bow ties and cashmere sweaters aside, Royce is going the Janus way.
M* still eats them up, however.
Buzz Zaino has a fund that can really take off in up markets (but also tank har…
Reply to @rono: Rono -- as far as "rare art and collectibles" go, I've been working on my wife to let me purchase an F.P. Journe. You think that would qualify? Can I cite you as a reference for this astute FP Journe strategy?
Cheers.
Reply to @MikeM: Saw that. Don't have any thoughts on RE (REITs) as inflation hedges. Aren't many REITs small caps? Wife holds PRNEX at 5% of Roth as inflation hedge. Haven't really given PRAFX much thought. At one time, thought it was going to…
Reply to @hank: Hank, thanks. I thought it was generally the case that mild inflation is good for stocks, but that serious inflation is not (but is otherwise okay for NR funds).
Cheers.
D.S.
Reply to @BobC: Bob, for the record, what do "fund crashes" look like? If you're the last to exit a fund do you end up getting shares redeemed for less than NAV?
Shame what's happening at Artio.
BobC -- thanks very much for this update. I'm in BJBHX, wife is in BJBGX. We really like the latter. Had no idea there was such a problem at ART -- I did know that their global fund never seemed to find its footing. I'd love to find a replacemen…
Reply to @Heathbob: I can corroborate what you say about Royce. Wife and I were both long-time holders of Royce funds, and generally quite pleased. Now it seems that every Royce manager is being put on duplicate/"copy cat" funds; and Royce is cons…
Reply to @scott: Good insights as always, scott. I have to admit, my experience with CGMFX has soured me on other momentum-type funds. I'm strongly thinking of moving toward indices for momentum, and active management for deep-value.
My father ac…
Reply to @catch22: Doesn't seem like we've had sufficient, sustained upticks for Heebner's style to pay off.
As Scott notes, I don't know why CGM hasn't been shorting.
I track my "lifetime gains" on all my holdings. Still down quite a bit on CGM…
Tell me about it. I've held CGMFX for several years at about 5-10% of portfolio, and done well with it. Until 2009. Ugh.
Problem with Heebner is, if there's no trend in the market, his investing prowess fizzles.
"Heebner is Buying". That makes me chuckle. Heenber is always buying. His portfolio turnover rate last year was north of 400% . The problem is, Heebner's investment style appears to be worthless unless there is clear momentum to the market.
Reply to @Investor: You might want to check out the book "13 Bankers". Simon Jonhson (think he's an MIT prof of econ) appears to be in agreement with you. System still very very broken. Expect another banking crisis, soon.
http://13bankers.com/
Ouch. I hold a handful of JPM shares. Should have bailed when it was at $45 not too long ago (still below what I bought it at circa 2005). Hey, but I'm still raking in that 2.95% dividend, though. For now.
Scott, your comments make a lot of sense. Thanks for posting the investment commentary.
I do believe there is increasing demand for dividend paying stocks, which could make them "growth" candidates. The number of firms coming out with dividend/in…
