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:
Here's my thoughts:
1. If you have a long time horizon for an investment or investments, like I do now with a number of individual holdings, then it doesn't matter and I'm - personally - tired of timing and predicting, at least …
No surprise that he continues to disagree with his father.
Additionally:
http://www.bloomberg.com/news/2012-02-09/buffett-says-bonds-are-among-most-dangerous-assets-on-low-rates-inflation.html
“High interest rates, of course, can compensate purcha…
Reply to @Maurice: Nestle is on the pinks in the US; many large foreign companies are. My guess is that they do not want to deal with everything (cost, etc) revolving around being listed.
I wouldn't invest in it because it's probably one of the most volatile (this just being based upon past performance) plays on real estate. The turnover is not really a concern, I believe, because it's so derviative-based (I believe the fund invests …
lol. I'd be surprised it's being considered, given how negative Gross is recently, but it would appear he doesn't want the oversight.
Interesting comment: "If Mohamed took over, it would be the IMF and a lot of think-tank mentality," says John Bryn…
Reply to @Old_Joe: Hopefully it will not escalate much further, as given the dynamics of the situation, it could get much worse.
As I noted in another thread, Blackrock's Larry Fink saying that people should be "100% in equities" makes me want to s…
Hmmm.... I'm seeing: BOMBARDIER INC CL B (BDRBF.PK) -Other OTC
4.81 0.02(0.31%) at Yahoo finance. Maybe you were seeing a bad print at the point you looked at it?
In terms of stocks though, we should have a thread as to what stocks people own/are …
Reply to @Investor: Living Social loses $558M on $245M in revenue.
http://www.washingtonpost.com/business/economy/livingsocial-lost-558-million-in-2011/2012/02/01/gIQAjId3hQ_story.html
Blackrock's Bob Doll is sort of like the Wall Street/stock equivalent of a realtor that always tells you it's a good time to buy a house. That said, I continue to think that it's a good idea to have at least some exposure to multiple asset classes …
I think a good deal of it will be carried out by other, non-traditional means, such as our actions that are believed to have caused sudden hyperinflation in Iran the other week. Destabilize the country from within (apparently right before elections)…
Reply to @Maurice: Couldn't have put it better myself.
"After the whole deal is done, whenever that will be, someone is going to look back at the entire cost of this bailout. They will come to the conclusion that, bankruptcy would have cost less a…
Reply to @Kenster1_GlobalValue: I hate shopping for clothes, but do so at a mix of places like Target, Marshalls, JC Penny even Costco (which does have fairly good deals on clothes.) It's not a matter of my opinion on Sears merchandise/stores, altho…
Reply to @Kenster1_GlobalValue: Good for those who took part in the move, which - when you have 60% of the float short, is not entirely unexpected. They would also be advised to consider taking profits.
However, as one who questioned why anyone in…
I think that the warning is primarily geared towards exotic products, but I think there should be also some discussion regarding investors piling into yield-producing assets looking primarily at yield and not paying enough attention to valuation. I …
Reply to @Mark: That press release that was put out by JOE on Friday afternoon a week or two ago was definitely negative, but when you have this % of shares short:
Short % of Float (as of Jan 13, 2012)3: 60.00%
...and a few large institutional sha…
Reply to @kevindow: Happy to help. I'm also certainly very much a believer in alternative investments, as well, and they remain a fairly large portion of my holdings.
I wouldn't get into it for the FB position being a primary reason, but otherwise looks like a better fund than the M* 2 star rating would indicate, and Toqueville is a good fund family.
Pimco All Asset/All Authority can short, and use leverage. Both funds are excellent fund-of-funds run by Rob Arnott, whose fundamental indexing is also behind some of the other Pimco offerings. Neither fund is anything one should expect a home run f…
Reply to @VintageFreak: Not sure regarding theStreet's mutual fund coverage - quality/otherwise - but I think it's interesting to see this:
http://www.forbes.com/sites/ericsavitz/2011/12/21/thestreet-com-targeted-by-activist-investment-fund/?partn…
Reply to @hank: It's this sort of herd movement to varying degrees from one thing to another - into emerging markets, out of emerging markets and into dividend paying US blue chips/utilities/etc, that gets too overdone, money heads back into emergin…
Reply to @hank: It's very much a generalization, but I think you had such a scramble for yield that other things were sold and/or ignored. One example - and this isn't a perfect example at all, but it is an example - is Fairholme holding Brookfield …
Institutional buyers (hedge funds, etc.) I think mutual funds are seeing outflows, but ETFs appear to be seeing some of that money - I don't know how nervous investors will be less nervous in ETFs than actively managed mutual funds, but oh well. Las…
Reply to @claimui: Personally, with the still fairly limited size of the EM bond market, I'd like to have managers that are flexible and diversified. I'm sure it will be a fine fund from Matthews and I like Asia lots, but I just don't see the case f…
I tried to get cost basis for a few positions transferred from one broker to another. Long story short, it took about a month to do so. Thank you for the note regarding the cost basis issues you ran into - all of this stuff just becomes more difficu…
Reply to @bee: I'm not sure how this index determines golds relative value; the gold chart has followed pretty closely to the chart of the global monetary base.
http://macromon.files.wordpress.com/2011/01/gold-and-monetary-base.jpg
I would not be interested in any of the Rogers funds. I like Jim Rogers, but I would be interested in something managed by Jim Rogers, not a "brand", like the various Rogers commodity funds put out by various companies seem to be. The Rogers Commodi…
Reply to @Old_Joe: "I dunno that I place much value on the obviously self-interested commentary of these gold pedlars"
You mean the "self-interested" people who have been recommending it since a grand - or well before that in many notable cases - a…
Reply to @Old_Joe: China/India are more than happy to buy oil from Iran and apparently India has offered to pay for oil with gold.
"For every action there is a reaction. In other words the US likes to think we severely damaged Iran by forcing the…
Reply to @Maurice: Auction shows are big now. We could have the countries bid on various states and parts/pieces and make it a reality show. "Risk" crossed with "Storage Wars"/"Auction Hunters", etc.
Reply to @Gandalf: While not EM-specific, Janus Overseas up nearly 20% YTD (that is, after being down 30% in 2011.)
A number of other EM or partial EM funds doing very well that did not last year, such as Ivy Asset New Opportunities.
