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.
Punch Bowl More than Half Full ?
Net flows into ETFs totaled $52.6B in July, according to FactSet, with just about every asset class seeing fresh money, particularly U.S. equities, which drew in $30.1B.
U.S. fixed-income saw a robust $11.6B of infl…
In those days TreasuryDirect was as unavailable as on-line brokers and on-line anything! Money market funds were just becoming available as a cash management tool .I don't recall if you could even go to a locally owned bank and buy a 30 Yr gov bond…
For recent historical reference.Government " G " Fund as part of the Thrift Savings Plan offered to Government employees and U S Military personnel
The G Fund buys a nonmarketable U.S. Treasury security that is guaranteed by the U.S. Government. Th…
From my post from February 2015 ..
Any opinion or observation concerning DHGAX ? A little research led me to feel it may be a reasonable defensive play due to it's 2008-09 performance.The fund is available no-load in my Schwab I R A. Advice/opinion…
@Old_Joe said @JohnChisum Hello there! I've missed your perspective on reality. Hope that you post more often.
@JohnChisum Same sentiment here.I'm always trying to keep the curmudgeon(s) a bit more tolerable for you and the rest of the M F O poster…
From 3 weeks ago,but still worth contemplating.
Negative Swiss Yields Get Even Crazier
Posted on July 6, 2016 by David Ott Acropolis Investment Management
I mean, if I bought a 50 year bond, I’d be in my 90s before I got my money back.
Forget inf…
Plenty More Lined Up. With Better Ideas ?
Steve Cohen and the Infinite Monkey Theorem
By Michael P Regan a Bloomberg Gadfly columnist covering equities and financial services. Jul 27, 2016 2:05 PM CDT
.. this theory came to mind while reading a Wa…
SO FAR SO GOOD @ 1 year.16 % Cash and a "true" mix of multi-assets.
Eventide Multi-Asset Income Fund ETNMX
http://eventidefunds.com/wp-content/uploads/MAI-portfolio-composition-2016Q2.png
ETNMX Fact Sheet
http://eventidefunds.com/wp-content/upload…
@Crash said:
@MikeW: " I'm currently pondering investing in Mathews Asia Strategic Income..." MAINX . I still track this one. I think that in spite of itself, it has shown itself to be a good choice. It's limited to Asia, though Morningstar puts it …
@AndyJ said ...yesterday sold a fairly large position in one muni cef (up a mind-boggling 14% ytd) and put the $ in PONDX and PTIAX, neither of which involve as much rate risk
Good call Andy.My only holding in the space down 2.25 % today
https://w…
Here's a good take on Mr Gundlach/s presentation.Three hours before he made it !!
WAVE SAFETY GOODBYE
Bonds Gone Wild Abandon Savers
Jul 12, 2016 12:02 PM CDT by Lisa Abramowicz, a Bloomberg Gadfly columnist covering the debt markets.
http://www.…
@Ted ! Isn't this about the time of year for you to take your annual golfing sabbatical ? More time for you to spend on the "links" and a lot less meaningless "links"for the rest of
us MFO'ers."Hot air " in the Midwest and a high compression golf b…
More Thoughts from Mr Gundlach in Tue.July 12th Webcast
image
Asset Allocation Webcast
Please join us for a live webcast titled "Asset Allocation" hosted by:
Jeffrey Gundlach
Mr. Gundlach will be discussing the economy, the markets and his outlo…
Hear More Next Week !
More Thoughts from Mr Gundlach in Tue.July 12th Webcast
Asset Allocation Webcast
Please join us for a live webcast titled "Asset Allocation" hosted by:
Jeffrey Gundlach
Mr. Gundlach will be discussing the economy, the m…
@msf said
I agree with @jerry in all respects - that SS can be handled with a well-considered mix of reasonable approaches, and that Medicare is the elephant in the room.
And I also agree with a well-considered mix... WE HAD ONE !!!
Lawmakers may …
@catch22 said
Flexible and adaptable perhaps do not always fit into a managers mold of what he/she views as "what should be"; versus the real outcomes.
I suspect most here are really value investors. We want to buy cheap and sell at a higher pric…
...aggressive measures to increase program revenue...Young or Old, them's that got it will pay more.Increased revenue is always the wish (dream?) of the Liberal Left.
How Will the Next President Change Social Security?
The 2016 election will be cri…
25% Cash,17% Utilities,20% Long G'Bonds propel Bruce Fund, BRUFX, just short of all time high and a 5.76% Y T D gain.Today's close $ 525.13 +1.71 +0.33%
All time high 526.55 on 06 /09/16
http://www.thebrucefund.com/files/documents/Bruce33116Fo…
PLANS IN THE PIPELINE
In a hastily arranged call with investors and Wall Street analysts early on Wednesday, where Tesla executives defended the deal, Musk said institutional shareholders had some idea of the plan.
He had not disclosed the deal, h…
A Little History
...a moment in time at the end of the summer of 2011 during which the investor class had temporarily lost its collective mind.
Investors, you see, had pushed the assets under management in State Street’s GLD Etf to a higher level …
Earn a $100 bonus with new Fidelity Visa
For new Fidelity Visa applicants.Not the existing AmEx conversions to the Elan Visa.
Earn a $100 bonus after you make at least $1,000 in purchases within the first 90 days.3
3. Fidelity Rewards Bonus Cash …
@Old_Joe I think maybe that bottom guy has sent me and others to "the wood shed" several times ?
Mr Gundlach has made the point several times about the Fed moving the goal posts.
Lisa Abramowicz is a Bloomberg Gadfly columnist covering the debt …
Mr Gundlach started with this slide.Her artwork makes him dizzy. As does I guess the world's central bankers
Bridget Riley was born in London in 1931. She became best known in the mid-1960s for her dazzling black and white abstract art pieces, …
Nat Gas Notables
Western Colorado has 40x more natural gas than previously thought, potentially making it the second-largest formation in the U.S., according to a new estimate from the U.S. Geological Survey.
Current prices of ~$2/MMBtu are conside…
I'm sure Jeffrey Gundlach will address this,along with other ideas tomorrow.
Please join us for a live webcast titled "Timing and Strategy" hosted by Jeffrey Gundlach :
Mr. Gundlach will be discussing the economy, the markets and his outlook fo…
@RantsAlerts. Elites and politicians edition.
Latest memo from Howard Marks: Economic Reality
Addendum, June 13: There’s been a lot of response since the memo that follows was originally published on May 26. In the discussions that have ensued, …
Bought this in early Dec.Reinvesting monthly divs.Cut div by 5% in Feb.No history of Roc distributions.Watch for weakness if oil prices drop.Non marginable @Schwab
Babson Capital Global Short Duration High Yield Fund
(Ticker:BGH)
Strategy
Fund wi…
Bill Gross: $10 trillion negative yield 'supernova' will 'explode'
http://www.cnbc.com/2016/06/10/bill-gross-10-trillion-negative-yield-supernova-will-explode.html
Investors avoiding risk on weak global GDP outlook: Gundlach
By Jennifer Ablan
June…
Sure Makes Sense in These States
The U.S. States With The Highest Tax Burdens In 2016
by Tyler Durden - Jun 6, 2016 10:40 PM
Published on Zero Hedge
Across the United States, some residents have to pay far more state and local tax than others. The…
Lawsuit Proof ?
Lawsuit against D O L fiduciary rule could delay implementation indefinitely
Outside voices and views for advisers
The lawsuit may push the rule to the next presidential administration, which could ultimately kill the rule
Jun 2, …
Trying to make @msf 's point. Muni's can provide tax exempt and possible attractive after-tax returns.Regular I R A 's and 401k type plan withdrawals will be taxed @ your tax rate without any exemption provisions.
From
About PTIMX
Investment Object…
@Hank Today
Worst
TGLDX Change -2.45 (-6.19%) Y T D +58.30 Mid 30's M*Standard Deviation
Precious Metals on a tear for most of year
Best
ETNHX Change +0.51 (+2.87%) Y T D -22.44 M*3YR S D 30.73
Health/Bio just the opposite
Largest
BRUFX …
By James Picerno | May 16, 2016 at 06:16 am EDT http://www.capitalspectator.com
Year-over-year returns are still battling with red-ink syndrome. The handful of winners for trailing 12-month column are led by US REITs, which are ahead by a solid 10% …
Over the years on M F O,these ideas and others have been mentioned in the ag/farm thesis,many by @scott
NASDAQ:CRESY
NASDAQ:LMNR
OTCMKTS:BWEL
NASDAQ:ALCO
Income issue ideas.
CHSCO
NASDAQ:CHSCP
Also fertilizer companies and seed genetics althou…
Donald Trump Pizza Perfect for "Little Tiny Fingers"
Vinnie's Pizza in Portland, Oregon, unveils a Trump-inspired pie called The Wall
The Trump-style testimonial continues at the bottom of the flyer and ends with a pitch that’s surely unique in the …
Or try This !
Mindfulness Meditation in Montreal C F A Institute Conference
Posted on May 9, 2016 by Cliff Reynolds, Portfolio Manager Acropolis Investment Management LLC
Jeremy Hunter, a professor at the Peter F. Drucker Graduate School of Manage…
Global bond yields touch new all-time low
May 9 2016, 11:37 ET | By: Stephen Alpher, SA News Editor
Global bond yields have fallen to 1.28%, according to a Bloomberg index. The high over the past decade was the 4.84% hit in July 2007 as the finan…
@hank
I guess I bit on the bet !
GHCAX calls it "the strategy"
A U D
Bought AUD$ / Sold US$
Foreign Exchange Contracts
18.68% of assets as of 3/31
http://www.lelandfunds.com/wp-content/uploads/2016/05/LF-Currency-Fund-March-Holdings-2016.pdf
Speaking of " Buck$$$",Just opened a very small position in GHCAX as an alternative investment with little correlation to other asset classes.
http://www.lelandfunds.com/index.php/currency-strategy-fund/
http://www.lelandfunds.com/wp-content/upload…
