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.
Reply to @Old_Joe: "
In the meantime, there's opportunity in the potential to take profits when stupid stuff like today happens... take the money and run."
Yeah, I think I haven't felt more strongly about that in a while. In fact, I would definit…
I think real assets/natural resources are a good place to be over the mid-to-long term, but I would level into them lightly rather than jumping in. I think it's probably the sector that I - personally - feel most comfortable with over the mid-to-lon…
Reply to @Old_Joe: We get a statement from the ECB today that whatever needed will be done to see that the Euro sticks together.
1. Do you believe they have the ability to be successful? If so, do you believe they will do anything really, beyond es…
Reply to @kevindow: I agree with Kevin. I originally bought at the end of 2010 and have - aside from a period last Summer - held it and I've added at some moments that felt rather uncomfortable, but it has continued. It's a really unique/interesting…
Canadian Natural Resources (CNQ) is also a Wintergreen play, and *that* is a value that cannot seem to get out of its own way (crap management?), trading not much above book.
Reply to @Sven: Oh yeah, the underlying problems are still there. The market just actually still believes the BS from politicians in Europe and elsewhere. I'm also guessing there were a fair amount of people short.
You know, this sort of reminds me of a thought the other day regarding Wal-Mart and the Mexico Bribery Scandal, which was a HUUUUGGEEE story....for like two weeks. Now WMT is up huge and does anyone even remember the last time anyone talked about th…
Mario Draghi said that the ECB would do whatever is needed to preserve the Euro. Euro up/dollar down/commodities up/stocks up.
This is an excellent chart by David Einhorn to reference whenever something is announced out of Europe:
http://www.zerohe…
Reply to @BWG: I don't really plan on buying any more personally as I think it's getting to the point where if I bought much more it would start to become a little too influential/reliant on performance. I'm looking at other infrastructure-related …
Reply to @hank: Yep. And I think the thing becomes that this period of "quest for yield" could go on longer than anyone could imagine, making the end result even worse.
I think it's really tough, especially for those in retirement age. I kind of a…
Reply to @hank: Absolutely, and I think stuff like this is also going to be an increasing issue.
http://www.zerohedge.com/news/why-corporate-balance-sheets-just-dont-matter-new-zirp-normal
"By now everyone knows that Chesapeake is a slow motion tra…
Reply to @Investor: I think the UBI limit is a thousand, although I could be mistaken.
See also: http://www.ehow.com/how_5873375_report-k_1-ira-account.html
Reply to @Old_Joe: Well, we have an environment where people are desperate for yield, to the point where they don't really care as much as they should about fundamentals. It will, I think, likely lead to problems down the road.
Not me. Groupon down, social media all down after market.
Unintentional humor: Analyst ratings for Zynga:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/07-2/20120725_znga_anr.png
I will say that I don't think K-1's are much of an issue, especially with one or two that you can prepare or bring to your advisor. If you are getting 10 or 20 (and some people who are invested in a ton of MLPs for the income certainly do), then tha…
Reply to @Old_Joe: Nestle is Swiss, so Swiss Franc, but Swiss Franc is pegged to Euro. Nestle will also have to deal with rising input costs. I'd guess Nestle has offices in the US and elsewhere, and has a significant force of people handling curren…
Reply to @claimui: I think it really depends. You continue to see outflows from US equity funds e-ver-y single week (http://www.ici.org/research/stats/flows/flows_07_18_12).
However, bonds continue to see inflows. I wouldn't, for example, own somet…
I entirely see potential danger in buying European stocks, especially for those who do not have a long-term time horizon (although I think one needs a long-term time horizon for a lot of investments these days.) Still, I'd rather own Euro-zone stoc…
My guess is that it represents a push, and possibly a strained one, to try to find ways to push "value" to a consumer (or a particular segment) that isn't doing well. Chipotle's earnings also weren't great and that dropped nearly 25% the other day. …
The fund did very badly after the IPO (http://www.marketwatch.com/story/how-wall-street-scammed-mom-and-pop-again-2011-10-10?reflink=seekingalpha), but has since recovered.
Personally, I am invested in individual infrastructure plays and like Brook…
Reply to @romroc: Re: Fairholme, sometimes it's best not to ignore the crowd - that fund lost significantly last year, and I continue to think holding 50% in three holdings is a considerable risk. Berkowitz should have dumped Sears after it went up …
Reply to @bee: I started a mild position in an infrastructure stock on Friday, but I would definitely wait before adding further to anything. I think some infrastructure sectors are particularly interesting, but I would also look for ones that offe…
Oddly enough, on the same day......
(Sinopec = China Petroleum & Chemical Co)
Sinopec buys Talisman North Sea stake for $1.5 bln
55 min ago - Steve Gelsi
Sinopec buying Talisman assets for $1.5 bln
8:12 a.m. Today - Steve Gelsi
I was actually going to post this as well. It's a pretty large purchase and shows China's continued push towards buying real assets around the world, especially in Canada and Africa, it seems. I would be surprised if it wasn't approved, as other rec…
Reply to @Rbrt: I think the issue becomes a matter of the Jim Rogers quote that if you want to invest in commodities, you invest in commodities. Natural resource companies may do well or may not based on management or a thousand other factors. Howev…
I own HK Land via Jardine Matheson and have other holdings via Hutchison Whampoa, which has - I believe - been a 3rd Ave holding for a while (edited to add, just read the article and it mentions Whampoa and its parent company Cheung Kong w/pic). I a…
Pimco CommoditiesPLUS invests in a different index than the Pimco Commodity RR fund does, and the actively managed collateral is differently managed. Both funds, however, are effectively "commodity index funds" (it is an attempt to follow an index a…
Reply to @bee: Well, I think it also falls under "real assets" - hard assets that are strategic, productive and produce a consistent cash flow. I've discussed on the board before that I think infrastructure will get increasing attention as an asset …
Reply to @MikeM2: 30's. Had a very large allocation to EM debt, but sold it when EM debt funds started to take in huge inflows and new EM debt funds started popping up. I certainly left early, but I think there's certainly an element where people a…
I own quite a bit of Brookfield Infrastructure (BIP), which I think is a particularly compelling and unique *literal* infrastructure play - it holds timber, toll roads, rail, ports and other real assets around the world. It is an MLP, but there's re…
I don't really recommend the derivatives-based funds, as it's sort of like an "enhanced index" fund. The Fundamental Index funds are kind of interesting, but my investing with Arnott would be limited more to All Asset/All Authority. I don't think th…
I have probably 30-35% (although I'd lean more towards 30ish) in EM, which is far less than I used to have. The other difference is that a fairly large % of that is now individual EM stocks instead of funds. I have started a position in the new AQR …
I went very slightly short yesterday - very light hedging, very small amount. Will probably not add much (if any) more to it, but thought this was a place to start lightly shorting - so much anticipation of another QE/more easing, but it won't happ…
The Cambiar funds have respected management, but they are - I think - considerably volatile and concentrated. They can hedge, but that doesn't really seem to do anything for the funds not being quite volatile. They're really hot or really cold in so…
Reply to @ron: With single MLPs you're going to have to deal with a K-1 (the only single one I continue to have is Brookfield Infrastructure - BIP).
The closed-end MLP fund that i like is Salient MLP Energy and Infra (SMF), but that's been trading …
Reply to @BWG: No problem at all - it was actually easier just to put up the core part of the prospectus, and others who may be interested in a commodity fund can take a look.
