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.
I like David Winters in interviews, I agree with what he has to say about long-term (as he notes in the interview, "the most distressed investment today is long-term investing), but again, the title card notes "hedge-fund flexibility" - it hasn't re…
1. It isn't "affordable" - it's still d**n expensive.
2. Younger people will probably pay the fine en masse this year. However, the fine goes up every year. Eventually down the road people may just do it as the fine gets larger and larger.
I'm n…
Not challenging you, just trying to see the rationale for what is a popular move.
For me, it's a little bit of trimming around the edges and that money went to a couple of existing long-term defensive positions (individual names and not utilities)…
I wonder where the outflows are going to. Is there a website that shows this kind of information?
I think the issue becomes a matter of whether or not you want to try and follow the ADD flows of the market, or make longer-term bets on specific sect…
Adding to healthcare, personally. I'll buy a bit more if it goes lower. I have no qualms about owning healthcare/biotech long-term. I think it goes with a desire to focus more on "needs" than "wants", as well as a few other various factors.
People …
You can see money moving out of momentum recently and a fair amount of it seems to be going defensive. In recent days, you've seen market up, then sell off as the day goes on.
Meanwhile, in IPO-land, Candy Crush (KING) continues to get obliterated…
From the article:
"Remember when commodities prices had nowhere to go but up? Prices of iron, copper, even potash were hitting new highs and so were the shares of companies that produced them, like BHP Billiton ( (NYSE:BHP) and Potash Corp. of Sa…
"What happened to watching the NASDAQ? Do I stop watching that?"
LOL. CNBC is more than happy to tell you what to watch (ominous drumroll) THIS.VERY.SECOND. Now this second, and this one, and this one and that one. It's an ADHD market.
Scott has been skeptical about GameStop for some time.
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I was just gonna say, lol. Damn, I knew I should have shorted it when it went nuts last year. I mean, it just screams eventual irrelevance. The second Wal-Mart started offering buying used g…
Yeah, interesting.
All the companies you listed have a basic killer offering, which they deliver in signature fashion, very consistently...coke in red can/bottle, hamburger quick and cheap, donuts and coffee, decent if somewhat homogenized pizza...…
Didn't Winters try to call Buffett in on this, as well? Buffett is probably sitting there, reading the letter with his usual Cherry Coke going, "Nah, I'm fine with my 9% of the company." Coke needs to evolve, as probably does McDonald's. Somehow Dun…
Sharespost is a popular exchange for private equity shares. You can actually get share in sharepost via the GSV Capital cef.
The fact that they are coming out with a retail mutual fund feels very toppy. Plus, what cman said.
I do agree that this period will not end well, but I don't agree with Dent's reasoning. Additionally, Carl Icahn just noted on CNBC that:
*ICAHN SEES MAJOR SELL DOWN OF MARKET COMING
*ICAHN CALLS MARKET ARTIFICIAL BECAUSE OF FED POLICY
Honestly, I…
ooops
Most of the missing money still lost, although this makes up for some of it. This is an old wallet from a previous format that has been forgotten about since 2011.
That said, still ridiculous and really takes away further from already we…
I enjoy watching many of the funds members discuss here and so am reminded of a comment last year in which a member alluded to short positions held by MFLDX in gold futures. I haven't been able to verify that --- but. if correct, it would help e…
I bought DDD in the mid-50's when it dropped 25% after announcing guidance about a month and a half or so ago. I sold in the mid-$70's. It has round-tripped to around where I bought it.
HP has also announced that it is getting into 3D printing.
T…
Similar concerns and uncertainty about PAUDX led me to sell it and invest the proceeds in index funds.
PAUDX and index funds are really apples/oranges, but right decision short-term, at least. I do think that PAUDX was disappointing last year, but …
Not selling this fund due to AUM. It's highly flexible, can go long-short a number of different asset classes globally. I think the fund's underperformance recently isn't considerable and is - I think - being a little too short-term. I remain confi…
I really don't have any interest in participating; I feel like if there was something that I was really interested in I could wait until after the initial pop. You have an extremely hot IPO market where every other thing seems to somehow be involved…
No. I wouldn't want to go near Brazil/Mexico. If I was, I'd only be interested in Femsa (FMX), Cielo (CIOXY), Ambev (ABEV) and maybe Wal-Mart De Mexico.
Bill Comes Due For Brazil's Middle Class (WSJ)
http://online.wsj.com/news/articles/SB100014240…
Occasionally, but it seems to vary from fund family to fund family and I've pretty much stopped because I hate having to write customer service every time I want to do something like that to see if I'll get hit with a short-term holding fee.
and scott/cman, what are your opinions about John Hussman, who seems to me to be very honest and probably without conflict of interest (in the sense that he is free to form and express whatever market opinions he wants, as his mutual funds have the …
I *do* think that there are some talented writers (Chris DeMuth, Brad Thomas) on SA, as well as some that aren't so great and some that are not very good. I haven't stopped reading SA, but I have noticed - like the Barron's article says - there seem…
"There are some notable exceptions of course, but some of them probably have conflicts of interests in the bearish direction, like Peter Schiff, etc..."
I think there are people who are considered "bearish" but are "realists" - Faber is labeled as …
Putnam/Great West are owned by Power Corporation, which is a pretty interesting Canadian conglomerate. (PWCDF.PK in the US.)
http://en.wikipedia.org/wiki/Power_Corporation_of_Canada
http://blogs.barrons.com/techtraderdaily/2014/03/19/high-frequency-ad-bidding-wearables-smart-drive-trains-a-chat-with-kevin-landis/
The longer discussion with Landis on a number of topics. I completely agree that FB should be sold, as should - I t…
They also lowered GDP forecast at the same time.
I tried to listen to her press conference but it sounded like Fed version of the teacher from "Peanuts". "blah blah blah want inflation blah blah weather at fault for everything blah blah blah Winter…
Has she ever uttered anything other than a Pollyanna outlook at any time?
LMAO. Thank you, my thoughts exactly. "I have a positive outlook and, by the way, invest with us at Schwab!"
For me, "infrastructure" is hard, productive assets (rail, power, pipeline, airports, etc etc) that are often (at least to some degree) necessary and offer relatively stable/consistent cash flow. It's not "sexy" or a fad (I don't have to ask whether…
I think most of these are designed towards investing in companies that stand to gain by increased infrastructure spending which is not a given in the political theater that is Washington. Railroads will have significant economic activity but not nec…
Oddly, not all of these infrastructure funds include railroads, which I think will continue to be one of the best subsectors. In general, as well, they're something I don't even ponder selling.
