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.
4.75% on a supposed bond fund? That hinges on being criminal. I didn't know that.
Sadly you are probably right about unsuspecting people getting put into this fund not knowing the details. They just see the rate of return. The brokers get a nice c…
I think he is from Britain. You might be thinking of Jean Claude Van Damme?
These b movies are a lot more fun than the highly rated ones in the theaters.
Interestingly, I just went back through this thread and the early discussion regarding the stock portion. Gaffney has increased equities in the portfolio at a time when the markets started to turn south. Of course she couldn't have known this would …
I looked up ACCNX which I own.
AAA. 45.88%
AA. 8.81%
A. 9.65%
BBB. 19.88%
BB. 8.38%
B. 4.10%
CCC. 1.28%
CC. 0.32%
C and below. 1.69%
Per the prospectus; at least 65% in investment grade. Up to 35% in high yield …
Thanks also Mike_E for that info. My guess is that they were buying stocks to boost returns but the recent selling has hurt them. That is a big question @rjb112, how do you fit this into your asset allocation? It is almost a income/growth fund.
Looking at ASDVX which I own, it says they may also invest in certain equity securities such as preferred stock, convertibles, or equivalents. Now does that mean almost 20% of the portfolio? I suspect not. Then again Kathleen Gaffney is well respec…
I think a lot of these funds have that option to go into equities. I guess that high of a percentage took me by surprise. I don't know if they have limits. M* didn't list the stocks individually so it is hard to see what direction she is going in.
…
Yep and good for him. Anyone who works fifty years in a profession loves his job.
To clarify my position, I would rely on Art Cashin much more than any of the cheerleaders and squawkers CNBC has.
One post does not relevance make. Neither does hundreds of posts of Chuck Jaffe. He is not relevant either with his vanilla buy buy buy mantra. Mark Hulbert has no relevance either with his drivel masked by hawking his newsletter.
Looks like I linked an old article. Oops. In the article the next stop was 1900-1905. Basically we are there now.
Art is a technical guru and a good one. For the day traders his info might be good. For most of us here it probably doesn't matter an…
I could possibly see someone in these funds during a bear market but for other times they would be taking a hit on performance. The other factor are the expense ratios which are much higher usually.
Thinking about this subject this weekend and I have a question or two. It seems to me that the benefit of these long-short funds only shows itself if one invests a large amount or all of their portfolio. Having 10 or 20% does not benefit the portfo…
I was wondering when you would chime in @scott. If I remember correctly, Apple made the event announcement first and the cryptic message came later. I have been curious to see what the TV idea is but disappointed like many for a while now. I still d…
I have been looking at sweeping profits. I did some this past summer. ARYVX has been very good so I plan to take advantage of that plus it could be a fund that holds up in a bear market to a certain extent if I'm not mistaken so I'll keep some money…
I saw the video on television and two things popped to mind. No more privacy for that guy as his face is all over the media now. Lastly, I would wonder in a real case if it would be better to disembark the other passengers first then take the prima…
I was just over at the Pimco site earlier this evening. There are so many funds there that could be pruned out of their stable of funds. Too much money I guess
Btw. I'm having troubles on this site just like before the last crash. Anyone else havin…
this particular site, investors.com starts their articles with a direct personal message and when Ted copies and pastes for his summary it sounds like it came from him.
I just use my own words.
These attacks were also on E-Trade and a number of financial companies and a paycheck company. My mind is blank again but it was the big one that does pay checks.
Apparently these Russians decided to go all in instead of one company only.
I wouldn't sell anything Pimco right now. They are better off IMO.
My question regarding long-short funds was dealing with the fact that there are many variations of the funds. I hold ACDJX which is 130/30 but uses the short side to leverage retur…
@scott, you say better than I ever could. I am worried of the mentality that investors are dependent on the Fed to act when the markets drop. This is not just the US either. Stocks are supposed to just go up, are they not? {sarc}
The rest of Asia is open and it's solid red across the board. This week is ending on a down note.
Australia in particular is hard hit because China just restarted tariffs on imported coal.
