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.
At the Valeant peak, Valeant was 32% of SEQUX portfolio.
As of 11/30/2016, Freddie and Fannie were 35% of FAIRX portfolio.
These managers took huge bets.
Thanks for all the good cash substitute suggestions. I used ATOIX and VMMXX in the past, but I am wondering if my cash was wasting away in Margaritaville.
It is kind of twisted logic:
Here's Anthony Scaramucci, the Skybridge Capital founder and Trump fund-raiser and adviser, on the Department of Labor's fiduciary rule:
“It's about like the Dred Scott decision,” Mr. Scaramucci said.
He made t…
plan to shift small clients into robo-advisory service
Are robo-advisors required to act as fiduciaries? Or are they allowed to put clients in high cost funds and churn accounts?
Everybody is piling on Wells Fargo. I just opened an account there recently and it was a pleasant experience. At my local Wells Fargo, the tellers are very polite and cordial. I won't let a few bad eggs spoil my perception of Wells Fargo. I may …
The new layout is fantastic - looks more professional than the New York Times!
I did notice that the "Search MFO" does not seem to work from the new layout of the monthly issue.
I remember when the Peak Oil Theory was being propagated and everybody said "This time it is different" and "We will never see oil below $100 again". There is still a glut of oil and oil reserves are high. I jumped off the oil train, but I am wait…
The same point in a different article:
Right. You’ve heard it before: this is the “most hated” bullish rally ever, based on the number of times this expression has been brought to bear in recent weeks. But, by now, the fact that so many investors ar…
"I'm proud to report in the face of that volatility and turbulence the total fund was able to return a modest, positive return for the year," said Eliopoulos
Only CalPERS would be proud of an 0.61% gain in the past year. Their return was the same …
Tax increases are baked in the cake for Californians. The politicians have been using 7.5% as the return rate for CalPERS funds and the unfunded liabilities are mounting. There is only one place to get funding to pay extravagant government retirem…
Jeffrey Gundlach was surprised by all the questions asking when the 10yr will get to 1%. He also noted the rush to buy LQD and the massive inflow. He said that although the 10yr took out the the 2012 low yield, it did not hold. Buying Treasuries …
Thanks for posting this Ted. I was about to purchase an aggressive fund yesterday when I listened to Art Cashin and realized that Art was right - all the polls were dead even and the market participants thought they they knew something. I did not …
The Go-Anywhere bond funds have gone nowhere.
I see DLINX has other DoubleLine funds (DBFRX and DBLGX) in its portfolio. Do the DLINX shareholders pay management fees to both fund managers? Seems like an expensive way to invest.
"Negative rates do not prop up stock markets," Gundlach said on the webcast.
... gold and gold miners are still an attractive place to put money to work.
Negative rates don't prop up stock markets, but negative rates do prop up gold markets. I don…
Vanguard pitched Financial Engines for my Vanguard 401K. I wondered why a low cost fund family would want me to pay 0.4% extra in fees. It seems that Financial Engines was one of the first robo advisors.
Good advice from the Fairmark site:
Generally you shouldn’t convert to a Roth IRA if you need to hold out some of the IRA money to pay taxes on the conversion and you’ll pay the 10% early distribution penalty on the amount you hold out.
http:/…
If you get a call from someone who's not from the IRS but claims you owe back taxes, it may not be a scam after all.
... Last month, Congress included an obscure clause in a highway funding law that requires the IRS to turn to private debt collect…
... Scott Adams, the creator of “Dilbert,” got insight into the type of personality that loves not only the challenge of game strategy, but also the thrill of overwhelming the competition. It is the sport of meticulously plotted domination.
And tha…
The IRS has suspended an online tool used to retrieve Identity Protection PINs -- a six-digit number needed by victims of tax refund fraud to file their taxes electronically -- after reports that the system suffered the same security weakness that a…
My brother received one of these. Like @heezsafe stated, someone had filed a return under my brother's SS number and attempted to have a refund sent to an off-shore bank account. It looks like the IRS is getting better at stopping these thieves by…
Donald Trump Says Puerto Rico Bondholders Should 'Take a Hit', but I think Trump should take the haircut.
http://www.bloomberg.com/news/articles/2016-05-05/donald-trump-says-puerto-rico-bondholders-should-take-a-hit
