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 @BWG: "The Fund pursues its investment objective by allocating assets among various commodity sectors (including agricultural, energy, livestock and precious and base metals). The Fund also invests in fixed income securities and money marke…
Reply to @kevindow:
Seconded on BIP - that is a large and long-term holding for me and has done extremely well (and pays a very nice dividend.) Also highly agree with your fund choices.
Looking at adding to energy, nat resources, EM, commodities. I'm rather interested in AQR Defensive EM Equity, which is supposed to be coming out this month. Or, maybe going with the DEM etf again.
Trimmed some things, but not outright selling anything and really have a long-term time horizon on what I have. I don't currently have any intent to short, partly because I just think the end result is more money printing. I have a fairly significa…
1. Probably not, unless maybe some sort of separate, grandfathered share class is created and that seems doubtful.
2. Double check if Mainstay funds are TF funds at your broker. I see them as load funds, but not load + TF.
I'm very surprised that…
Reply to @catch22: "I personally do not believe the equity rally has real legs based upon all else in place at this time."
The can can be kicked for longer than anyone thinks. I agree with you in theory, but I think for those with moderate time hor…
Reply to @MikeM: I know - I'm just having fun as well. I suppose it's also a moderate amount of concern about aspects of the ruling and having to process what that means for sectors (some of which have already begun to voice their dismay), investmen…
Reply to @BobC: Thanks for the terrific post - interesting story on your experience at Ivy.
I think it will be resolved (it will take years) but it is a matter of how it is resolved.
" But, if it wasn't this euro issue, it would be something else…
Reply to @Sven: "Is it time to rebalance while the market is up?"
I think it is, at least lightly for those who are seeking to do so. I'm certainly not buying anything into this. Again, a delightful chart illustrating the process in Europe and else…
Reply to @Maurice: The Pimco fund appears to be a global version of the US fundamental advantage strategy fund (?) That fund is long the RAFI1000 and short the S&P 500.
This:
http://www.zerohedge.com/news/full-eu-summit-statement-all-its-conditional-wishy-washy-glory
This is a very, very technical chart that leads the reader through the European situation. It's a superb, in-depth look at the real, underlying detai…
Reply to @Shostakovich: AQR's technically driven Momentum fund has actually done fairly well this year. Not something I'm interested in, but was impressed with the record this year. AQR is also apparently coming out with new funds next month, includ…
Reply to @catch22: Heebner is really about making fairly concentrated macro bets - banks, commodities, etc. He also moves fairly rapidly. If he gets that timing wrong (in too early, out too early, whatever), the fund falters. The timing (or, as Shos…
Interesting the article mentions Heebner's shorting in 2001 - the fund (as far as I know) continues to have the ability to short and I'm not sure why that's gone almost completely unused in the last 3-5 years, it seems like. It's also a matter of ti…
"What they are doing is offering better or more varied food, more current sports bar technology and different themes."
...and boobs. When the guy said "lumberjills" I nearly spit what I was eating over my keyboard. That's hilarious.
Reply to @AndyJ: Agree to disagree (perpetual said it well further down, too, and I'm not going to even get started on some of the specific comments in the comments section.)
As for tougher questions, that's absolutely hilarious. Financial media is…
Reply to @perpetual_Bull: "Edit: I believe that many Romick bashers over on *M are politically motivated. They see his distrust in our economy as some sort of attack on the current administration. I believe that mixing Investing with politics never …
Reply to @Old_Joe: I've really gotten more into holding individual equities lately, but there are a few managers who are primarily US that I'd trust. Yacktman; Romick and Ralph Shive of Wasatch (formerly of 1st Source) and maybe a couple of others …
Reply to @johnN: I don't know about that, but someone did make the semi-interesting point that in 2008, oil came down in the Summer, then stocks came down in the Fall. Either way, oil falling around $35-40 is not a good indicator and while gas has c…
That's surprising, because you've always been quick to praise ZH before.
And seriously, if you don't like the story, you may also want to call Reuters and tell them to take the "EXCLUSIVE" off their story because it's "not a big deal."
Whatever yo…
Now:
http://www.zerohedge.com/news/europe-launches-ban-all-policy-criticism-scrapping-use-rating-agencies
Plus: "And in the most bizarre of twists, they would prefer if they were allowed to rate themselves:
LAWMAKERS CALL FOR EU TO ISSUE SOVEREIGN…
lol, of course. People cheer the bailouts a couple of years ago, then are now against more bailouts. Well, what did anyone think would happen when we started bailing everyone out? Now whenever any country or institution is in trouble, they just play…
Much clearer background on the fund in this article:
http://www.investmentnews.com/article/20120614/FREE/120619944
An interesting tidbit:
"Pimco can also point to Mr. Johnson's ability to protect on the downside, which is a key focus for Pimco's eq…
Reply to @Old_Joe: I'm sure there are a few banks that are in decent shape and/or have reasonable exposure elsewhere, but I just think there are far better values than the banks that aren't going to face years of headwinds. Additionally, as a genera…
I think there are tremendous opportunities in Europe, but I think there are tremendous opportunities for those who have a tremendous time horizon. Europe's problems will take years to truly sort out.
I wouldn't be relaxed about the problems Europe…
1. What is the fund's sell discipline? (In other words, what is the process of triggering a decision to sell something - factors, etc.)
2. Lead us through an average day at the fund (I actually think this is kind of an interesting question that ha…
