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.
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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
BIIB + another 4.5% pre-market. Look for more gains likely in biotech funds today.
http://www.cnbc.com/id/102521170
This has impact far beyond the price of the stock. We may look back on today as a watershed moment:
"This is the first time an in…
>>>>it really makes no difference how much money you've accumulated to fund retirement, the key is how much annual income this accumulated money can generate.
I also use "sleeves", and attribute this to a series of comments by Skeet some time ago. The only portion of my portfolio to leverage this mental accounting technique is indeed for income.
The reason for this is fairly straightforward....it really…
Bruce's legacy will largely be decided on the outcome of the debate swirling around Fannie and Freddie. I still have money in FAIRX, as I believe the government needs to release both from conservatorship. If that happens, BB is in the catbird seat.
This is a rather sad turn of events...similar to when my favorite neighborhood hardware store in Cleveland Heights closed due to the proximity to a local big orange store.
I am reminded of a quote by a famous Republican, 'deficits don't matter'. That statement was ridiculous and offensive. Obama once made a campaign promise to cut the deficit in half. He knew it was a lie at the time, but it sure did sound good.
…
Had a burger and shake at the shack in Madison Sq Park in NYC. Very good, but not too much to promote after that.
But very much unlike the gut bombs Ted is touting. If I wanted something not so healthy with Ohio roots, I would definitely stick with…
Whakamole....here is a thread from a year ago which may help to address your question. I had bookmarked this at the time, as I had a similar question as yours. It's interesting to take a look at the recommendations, and the performance of the funds.…
I think the next few weeks may serve to reinforce the need for diversification in a portfolio. Seems like Mr. Market is looking for a good reason to execute the long overdue meaningful correction.
In an IRA, RPMGX hit the dollar value for a haircut, so O and WPC were the landing places for these funds...yes, a bit richly valued but they fit nicely in the long term income sleeve.
In the taxable account, on the next trading day I will be elimi…
That's an interesting discussion...if you agree with the conclusions, that puts SFGIX in the spotlight given their Brazilian exposure, plus a higher % of assets allocated to India than any of the Matthews funds managed by Kevin Lowe.
I've been a fan of DGI (dividend growth investing) for about 5 years now. Frankly, I wish I had found this strategy 10 years earlier. My dad did this for decades, but who listens to their dad. This sleeve of my portfolio has been the most consistent…
Ted...I don't recall there being such a variance in YTD performance of "top" funds in any main stream equity category.
The divergence of YTD performance is fascinating.
Picked up OXY today. Then, rotated out of APA to double-down on OXY.
But the whole sector continues to head south.
Charles....I've been looking at RDS.A or CVX to add to the income sleeve, but this sure looks like the knives are still falling.
I am really conflicted....VGHCX hit a dollar threshold where it's due for a 30% haircut per my established portfolio guidelines. The problem is, it's been on fire and I may look back on this as a foolish and profit limiting re-balancing exercise. I …
I hope I'm wrong, but I am beginning to sense a bit of "I'm smarter than just about everyone else...just wait and see".
That's crossing the line from investing into gambling. I think the Fannie preferreds are a good wager, so I will ride that out. …
Looks like the Senate Banking Committee is flexing its muscles on the FNMA conservatorship, looking for an end to stealing the profits and a start for unlocking shareholder value. This could be big. BB is now hiding his cards by holding only preferr…
With any positive movement next week, RPMGX in the tax-deferred account will hit the dollar value threshold for a haircut. I will add to my positions in O and WPC within the income sleeve. But both look pretty richly valued here, so I'm a bit confli…
"Tort Reform" is a red herring...a canard offered up as an alternative to healthcare reform such as the ACA. Tort reform in Texas about 10 years ago had almost no impact on healthcare costs or physician supply.
Cheaper options via medical tourism will decline as a result of the ACA.
As for unavailable treatments....well, if the Cleveland Clinic doesn't do it, I'm not interested.
Thanks Scott....as you can imagine, I am bound pretty tightly by non-disclosure and insider trading limitations, not only for my company but for my clients whose compounds are going through clinical trials in advance of hopeful FDA approval.
In res…
Are you comfortable investing in healthcare in view of the headwinds for Obamacare which may lead to temporary disruptions?
I work in the health sciences industry....for a company working with the biotechs, big pharma and the medical device companie…
No, I don't believe so.
As Ted posted earlier, it appears that BB dropped common stock, but not the preferred shares, which do not require disclosure. I will be interested in BB's motivation for this move.
I noted about a year or so ago, that even…
During the dot.com bubble I got caught up in the the trade with JDSU, which many on CNBC were touting, including the late Joe Battipaglia who said JDSU stood for "Just don't sell us".
I should have.
I made alot of money, and then lost it. It was …
Initiating starter positions in PG and VZ for the income sleeve.
On a whim, I am pondering buying FNMA. That would be kind of like a hard-way bet at the dice table.
Seems like the long anticipated consolidation may be upon us. While the Dow is down less than 3 percent from its record highs, the NYSE Composite is down 5 percent. Other measures are even worse: The Russell 2000 small-cap index is down nearly 11 pe…
Freak...I am not a lawyer and did not stay at a Holiday Inn express last night. But here is my high level interpretation.
The US government issued an add-on to the original bail-out agreement for F&F, essentially modifying that to claim profits…
I have a big stake in this, but putting more money on the table?
With such a concentrated portfolio, it makes it simpler to evaluate. What holding do you believe would take off from here? SHLD? A reversal of the F&F decision today?
I'm think…
