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Why? You just had another QE with the market at all-time highs (which even I'm impressed with - open-ended QE with the market at all time highs; I thought QE was obviously coming, but it was going to take a market decline to bring it and it wouldn't…
Reply to @Old_Joe: I'm guessing that would be because gold (see also silver and other commodities, silver up higher than gold and part of PRPFX) are doing well today due to yet another QE. Gold currently up higher on a % basis than any of the major…
Reply to @Skeeter: "spiff investment positions form time-to-time."
Out of curiosity - don't have to say if you don't want to, what would be a recent example of this?
Reply to @STB65: Hussman theoretically will be right sometime and possibly sooner vs later, but I think the issue I continue to have is that the fund isn't going to be positioned for some sort of home run if he's right. I also think the options hedg…
Reply to @Charles: The US has dusted itself off and is going along better than anyone else (although that's still only just muddling along, with heavy discussion of another QE), but at what cost for what growth there is?
Europe is a mess and you …
I like BAM quite a bit, and own it as well, although in a smaller amount than BIP (which is a large, long-term holding.) BAM is a better value (BIP was overbought), but doesn't offer much of a dividend. BAM will likely be offering another spin-off M…
Sold two stock positions today that wanted to move on from and were illiquid, as well. Will likely move on to other things (not moving to cash for long), but unsure what as of now.
It's not a fund, but BIP (Brookfield Infrastructure)
http://finance.yahoo.com/echarts?s=BIP+Interactive#symbol=bip;range=2y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Reply to @STB65: Just a look at how it's done initially, but of greater interest, a look at how it's positioned versus a well-known benchmark index (DJ-UBS)
"Maybe purchase a US Treasuries fund and GLD? "
Maybe Permanent Portfolio (PRPFX) - at least that owns Physical, rather than the fund owning ETFs. I also like AQR Risk Parity (AQRNX)
As for GLD, I'd rather Sprott's PHYS (which is trading at about …
Reply to @VintageFreak: The K-1 is a bother from the standpoint that it's just more paperwork, but the added bother - I think - is that there have been instances where they do not show up until early April, so you have to sit and wait until they arr…
A fairly interesting discussion of hedging can be found in the Whitebox Tactical Opportunities letter: (http://www.whiteboxmutualfunds.com/content/assets/docs/newsletters/Whitebox-Tactical-Op-Newsletter_Q2_2012.pdf)
"So do we hedge at all? Certain…
I'd suggest not looking at TVIX or a number of the VIX-related products, for reasons such as the ones discussed in this article.
http://seekingalpha.com/article/676731-tvix-surges-but-investors-should-stay-away
http://seekingalpha.com/article/45397…
Reply to @fundalarm: Yeah, I mean, there are some on this board who work in financial services who likely went to college with a focus on finance. However, in terms of everyone else, how many people on this board more or less had to teach themselves…
Reply to @catch22: " Are any of these folks really going to be able to pay us back ??? Well, yes; I suspect they are hoping, with a cheaper future currency. "
And there's the key. Prepare accordingly.
Reply to @Hiyield007: Well, if that does happen, they'll go from fixed income to equities at the wrong time and then, if they weren't already upset enough with stocks, they'll be really pissed. They'll be upset at equities and if fixed income isn't …
Reply to @Hiyield007: After 3 or so years, I'm starting to ponder whether the second scenario is a reality for a large portion of the population. I don't think it means that stocks will "never again" gain favor with those who have left the market, b…
...and today will most likely be seen as another opportunity to sell more equity funds. As much as I am what you may call "big picture negative" in many ways, I do think there's a lot of specific areas to like - mobile (I think what a number of comp…
I think the managers are skilled, although I thought performance initially was a little disappointing - it's since improved. I'm positive on it. The only one of Pimco's new stock funds I'm negative on so far is the Emerging Markets fund (and, by ext…
Reply to @Charles: No, could go on for far longer than anyone would expect. I am, however, concerned about the gigantic amount of retail money that has gone into fixed income when it reverses - and that could take far longer than anyone may expect (…
GLRBX is a really conservative fund. I think it's a matter of the label of something like "conservative allocation", but there's a fair amount of variation under that label. GLRBX comes in at the low-end (in terms of being one of the least volatile,…
Certainly, commodity prices are volatile. The fund is not going to move remotely in-line with the tweaked, manipulated and generally unrealistic CPI (again, commodity prices are volatile), nor is it going to move exactly in line with the index, give…
Reply to @Old_Joe: I get that. It's a matter of being impressed by his ability to say something like "They will have cast a decisive view on how we should move the country forward, and I would hope that the Republican Party, after a fulsome debate,…
Buying opportunity, or another concerning sign about fixed income? I'm guessing there will be similar announcements from other funds in the weeks ahead.
My concern with something like MSCFX is that looking at that at this point may wind up being a little performance chase-y. I'd rather be looking for things that haven't fared quite so well in recent months rather than something that's done so well. …
As for politics, a Bloomberg article today - "Ben Feller of the Associated Press asked President Barack Obama a good question recently. If Obama wins re-election, Feller said, Republicans are still likely to have a majority in the House. “How is tha…
Thank you for the post.
AQR is a famed hedge fund company lead by legendary quant Cliff Asness, who is listed as manager of a few of the stock funds that AQR offers. One can read more about Asness and AQR in Scott Patterson's enjoyable book, "The Q…
Family were going to a broker at a large (not national, but large) firm and it became apparent that - long story short - it wasn't about them, it was about selling. They went to a terrific financial planner at a small, independent firm and they coul…
I am certainly a believer in real assets, so I have a large amount in MLPs, infrastructure (BIP, for example) , real assets and commodity funds/stocks.
Reply to @hank: I agree with you, but I think there's a fairly large audience (and probably larger since 2008) that's near-retirement that just is thinking that they - after 2001-2002 and 2008 do not want to go through that again. The downside of t…
My concern remains the seniors and savers who have to be getting a tad pissed at this point. Those in fixed income almost entirely should consider looking into even a consumer staples or at least something like the S & P Low Vol. fund (SPLV), wh…
Ebay seems more focused on things like Redlaser and Paypal these days than auctions. It seems like they've upset a lot of sellers on the auction side with various rule changes and whatnot.
I don't think that QE3 is going to be announced today, but I'm starting to wonder a little bit if the Fed goes against expectations and does something else - crossing the wires this morning, apparently Fed governor Bullard was talking on Bloomberg r…
Reply to @kevindow: I switched PCRRX (almost entirely, will eventually move the last remainder) to ARCNX. Thanks for the note on assetcorrelation.com - very cool site, I'll have to look at that over the weekend.
Thanks again.
