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.
I'm wondering what Salus Capital sees in Radio Shack? According to the article the two had a spat last month over the previous $250 million loan yet Salus opens up their wallet for $500 million more?
Unbelievable.
I admit I did not read the entire article. That paragraph turned me off to the rest of the writing.
I worry about the definition of rich. Think about this theoretical scenario. MikeM's son graduates from college and lands a good job with a decent…
From the WaPo article; "The windfall — about $1.2 trillion over a decade — would come directly from the pockets of Wall Street “high rollers” through a new fee on financial transactions, and from the top 1 percent of earners, who would lose billio…
I caught this article off of Bloomie and it ties right in with what we are seeing. Also, if you remember Gundlach's fear of the possible outcomes of oil at this level, this article confirms his fears.
http://mobile.bloomberg.com/news/2015-01-09/wh…
I have 4% in ARYVX. It just keeps churning upwards. Up 3.38% YTD. It is global though.
Another thread had the Rothschild allocation mentioned. Securities, real estate, and fine art. I would certainly consider increasing your real estate holdings.
There has been some talk of a increase of the federal gas tax. I haven't heard the latest though.
Interesting that Michigan chose the sales tax instead of the gas tax. Maybe they will raise both in the end? Is their gasoline tax devoted strictly t…
They have been talking about rates rising for how long now? The latest word is March for a rate hike but again it's all speculation and guesswork.
I am in the camp that if and when they do raise rates, it will be done very slowly and in tiny incre…
I know CA. has a high cost of living but can anyone here say if $94,100 for a couple is okay? I could figure that in No. CA that might be pretty good but what about Bay area or LA and So. Cal?
New jobs are generally lower paying unlike before. That must have something to do with the equation. The labor force is shrinking as well. How many workers have just dropped out?
The way the numbers have been figured out has changed as well. All t…
"Spending habits".
That is really the crux of the matter. The more one spends on junk and wanna-have items, that is less money to invest. Just think of the average Joe and Judy who buy all kinds of stuff and fill up their garage only to sell it lat…
That's good. One thing I learned from the article was the Soros infusion. I didn't know about that and I have very a negative perception of Soros.
I knew a friend who invested greatly in Janus funds. When the shenanigans started to come to light I…
@catch22, Exactly. There are many fine bond funds out there. I would not have invested in Gross's Total Bond because of the size to begin with, but the story of the millions leaving Pimco to follow Bill to Janus is confounding. They would have bee…
Catch made one point above. Investors might be surprised they already have exposure to TIPs in some of their bond funds. That is overlooked often I think.
One thing for sure, the people that invest in the new fund must surely know what they are investing in, or do they?
From a earlier thread here on MFO, it looks like derivatives of the intention the fund wants, not the actual products. http://www.m…
Cathay Pacific was having an excellent year until the oil prices sank and caught them in the same fuel hedge situation. The airlines take huge risks on these fuel hedges.
I think your bet on energy could be right. I do have a real estate fund, ARYVX that has done well. Right now it's about 4% of the portfolio. As for utilities, I don't follow them much but I have also noticed the same performance as you have. I thin…
I think that if you have a well diversified portfolio, then you already have these assets. Perhaps diversifier is the wrong term as it would be more of a bet that this sector will outperform the others.
Also, and only my opinion, one can make play…
The Bloomberg story is something to read. The stores are now controlled by the military. Can martial law be far behind? Meanwhile Argentina's president tells everyone the stores are fully stocked and not to worry. It could get very ugly down there.…
So the emperor is wearing no clothes?
I think a lot of people saw the inflows and figured it was investors following Bill from Pimco. Now the real story is coming out.
A good civil discussion. By "big money" in this case you mean other people's money and that includes those who disagree with the cause for whatever reason. If I knew that a fund company was funding things I didn't believe in then I would transfer my…
Individually no, but a volatile market chart that looks like ventricular fibrillation does tell me that something is up. I have noticed that in the past though I don't know if that will work now or in the future.
@Accipiter, I understand your viewpoint. My thinking all along has been that one should separate their investment strategy from their social activism. Activities or causes you believe in should be funded from personal money rather than forcing a fu…
Walking the crowded streets of Manhattan with a bunch of cash - stuffed in our socks or otherwise - does not sound appealing, especially late at night on the way back to the hotel from the wonderful plays we enjoy.
It worked for me for a number of…
@Tampabay, One thing to consider, GM does not make cars, the UAW does. GovMo is just the enabler so to speak.
I actually do not want Vanguard or any fund company to be active shareholders. They are in the business of investing.
Travelers checks are not welcome at more and more places overseas. I have heard horror stories of visitors trying to cash them at banks. ATM is actually the better option.
@fundalarm, Exactly. Your description of patterns is what they are looking for. On trips to the states I will give them dates arriving and departing. So far I haven't had any problems. (Knock on wood)
In my situation living overseas, I have to watch my cards very close. In a couple of cases the bank has reissued new cards and deleted the old ones due to security breaches. I have three cards but sometimes these breaches affect two cards as what ha…
I thought it was for international travel that they needed to be notified about? Maybe the bank has had an increase in fraudulent activity and tightened up?
I don't think so either. Those days are long gone. This price collapse is not a normal market reaction. There is some exterior fooling around here. How it will end is subject to opinions like Gundlach and Cramer. We are just in for the ride, good or…
@hank, I don't have CNBC. I'm only the messenger on this. Do you think Ted believes every link he posts?
It's a relevant story at the present. For those who have crystal balls, good luck.
The Philippines has between 2.2 to 3 million Overseas Foreign Workers. (OFW's). They work all over the globe in a variety of jobs and they are paid in USD. Most of their wages are sent back home to support the family. As the dollar strengthens, the …
Looks like this opened a month ago and already has over $1 billion AUM. Global Long Short Fundamental.
https://investments.pimco.com/Products/pages/689.aspx?ShareClassCode=INSTL
