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.
One problem they have is they have grown too large- other can try to front run their trades.I think they have to become more opportunistic and not just rebalance once a month.
I think the breakeven rate is around 7% assuming average life expectancy. So if you think you can beat 7%, you should take Social Security at 62. If you invest more cautiously (e.g. in bank CD's, other low risk investments) then waiting may make mor…
Nikkei futures closed at 14,970 on Friday in the US, so it looks like the Nikkei is actually recovering slightly today. My guess is most international funds may be up today in the US, assuming the fund did fair value pricing on Friday.
I have two IRA's at Janus (one Roth, one traditional), and I feel they have very good service. I've been doing a Roth conversion the last few years.
I felt the article was a bit unfair, because some of their funds have done pretty well (e.g. Janus…
I agree that the continuous limit order book is flawed. But why not have longer time intervals like five minutes (instead of one second)? I expect Wall Street market makers to fight for the existing system where they benefit from an unfair playing f…
Don't forget the marijuana stocks, although some of these may be scams-
http://www.sacbee.com/2014/01/10/6063230/investors-get-warnings-about-marijuana.html
The biotech fund FBIOX was up over 12% last week- mainly due to ICPT
Closed-end funds from cefconnect. Annual distribution rate is in bold.
BCF BlackRock Real Asset Equity US Equity-Energy/Resources $8.69 -$0.02 $9.88 -12.04% 8.05%
BGR BlackRock Energy & Resources US Equity-Energy/Resources $24.42 -$0.46 $26.7…
There is a large body of research that shows that momentum works for periods from three to twelve months across many markets. But the three to five year time frame is way too long. I've attached a link to a list of research papers from AQR. The hard…
wilmatt72:
Over the next few days, I would avoid the Muni CEFs mentioned in the Doug Kass article or in this week's Barron's since they have already had a "pop" in price. Go to cefconnect and use their screener to find muni CEFs with no leverage, o…
It is easy to identify Ted's news article posts by just looking for his name as the author. I don't see why we need a separate chain. Perhaps if there were a way to sort the message posts by author it might be helpful. I would find this useful for o…
The article is pretty silly. Once the dollar amounts get in the billions, it would not have been possible to buy some of the stocks without radically affecting the price paid.
In theory, you could get much higher returns by purchasing call options …
Highland also has an ETF- SNLN, but HFRZX has much better performance:
http://finance.yahoo.com/echarts?s=SNLN+Interactive#symbol=snln;range=1y;compare=hfrzx;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Just read an article on bitcoins from 2011- "The Rise and Fall of Bitcoins". One of the early investors bought two pizzas at Papa Johns for 10,000 bitcoins. The current value is over $10 million or $5 milliion for each pizza!
http://www.wired.com/ma…
I have had a similar experience with Nokia. Bought some at around 15 a few years ago, wrote some covered calls to bring the cost basis down to around 11, It traded down to $2 but recently has quadupled. But I'm still down considerably.
bnath001-
For some of your safe taxable money, you should look at I-bonds. Your money is 100% safe and you also get inflation protection and tax deferral. There are not many investments that can guarantee that. If you have already accumulated a lot …
The financial media has been confusing people by making it sound like the decision when to start tapering is a binary decision and that once the Fed starts they will have to continue tapering until QE goes to zero. With Yellen as the new Fed chairma…
I'm surprised the market has not been more volatile. It reminds me of Alfred E. Neuman of Mad magazine- "What me Worry?". If the Dow were to drop a few thousand points, it might wake up Congress.
Gerrymandering is partially responsible for reducing the number of moderates in the House of Representatives. There are many "safe" districts which give us barbell representation- too many representatives on the far left and far right and not enoug…
Wow, Mom and pop clients have not just "tapered" their buying, but have gone from steady buying to outright selling 118 billion since May. This net swing has a much greater effect than the 10 or 15 billion tapering the Fed was contemplating.
Hussman is a genius.
No, not an investing genius, but a marketing genius.
In spite of terrible long term investing results, he still has several billion in assets under management. It goes to show how much inertia there is in most investors. Remi…
The Old Testament describes a seven year cycle of feast and famine. Check out the S&P 500 annual returns (second number with dividends included) every seven years since 1973
1973 -17.37% -14.66%
1980 +25.77% +32.50% (but 1981 was -9.73%…
For someone worried about outliving their money, the ALDA annuities using only a small portion of your portfolio might be the best bet. Read some of Moshe Milevsky's research on these. http://www.ifid.ca/research.htm
Here is a quick summary of the…
I recently went to a less expensive cable ensemble to save about $30 a month. CNBC is no longer on my cable menu, but I still can see Bloomberg TV. My wife is thrilled, because she used to find Jim Cramer's constant screaming very annoying.
Charles- I think PGDIX and PGDPX are identical, except for 10 basis points extra expense for PGDPX. But their start dates are not the same which accounts for the big difference in Life performance. The difference since 10/10 should be very small.
