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.
Morningstar has their weaknesses. The Fund Snapshot at WSJ has no problem rating them at the top.
http://online.wsj.com/public/quotes/fund_snapshot.html?symbol=Dbltx&type=usstock+usfund&lateralbox.x=0&lateralbox.y=0
Well he did co-find Pimco. As much as Pimco may want to rewrite history that part they cannot.
I know Wikipedia is not a reliable source but if this part is true it could explain his erratic behavior.
"In 2014 Gross was reported as one of a numb…
VintageFreak said:
"Imagine what would have happened if Gross had joined DoubleLine."
Clash of The Titans.
http://m.imdb.com/title/tt0082186/
Release the Kracken!
Excellent observations. Some may see all this as damage control to stem the tide of redemptions. It will be interesting to note when that outflow starts to slow.
@BobC,
"Two parties made for each other."
I am guessing you are referring to the current SEC investigation into Pimco and how they valued investments?
I agree whole heartedly regarding putting any money with Janus. Once a firm loses my trust, the…
I agree MikeM. Bill Gross is not the same person he was just a few years ago. Reports of him blowing up at Pimco plus the antics he pulled at the conference earlier this year suggest it may be past time he retired.
Obviously Pimco is the story of the day today.
I'm actually wondering if moving out of Pimco is a good idea now that the proverbial horse has left the barn. For most retail investors it will be 2-3 days and most likely more than that to get their …
Old set it and forget it Chuck. He needs to get out more often.
What does a financial app do for me? I can track my investments, read news stories that correspond to my investments, compare my investments with others in the same category to see h…
@Old_Skeet, Thanks for that link. Dr. Madell puts out a informative and comprehensive newsletter. It us an excellent read for anyone.
In particular I was intrigued with his views on utilities. He recommends VPU but I have been watching some utili…
My only stock holding is AAPL. I bought it right after the split. I have a price point in which I will sell some to get my investment back to original purchase point. This is in a tax deferred account. Any stocks I buy I do perform research.
I h…
I can understand how a focused fund would outperform a fund with dozens or hundreds of holdings. As I mentioned, I asked this question from a biased perspective due to the holdings of FAIRX. It could easily go the other way if the manager had bought…
Diversification is the top reason to invest in a mutual fund. That is one reason I stayed away from Janus Twenty back in the 90's when everything was going up and up. Twenty stocks seemed too focused for my taste. FAIRX has less than half of that. O…
Copied from TheStreet.com via StockPro. According to this article, the loan was needed to purchase stock for the holidays.
http://www.thestreet.mobi/story/12859465/1/jim-cramers-mad-dash-sears-is-unraveling-faster-than-i-thought.html
http://tickerreport.com/banking-finance/304441/insider-selling-sears-holdings-corp-major-shareholder-unloads-26400-shares-of-stock-shld/
so he is selling but has a sizable amount still in his portfolio. Maybe he is under limits as to how much he ca…
Mr. Gibson Smith must be wondering what hit him?
In some corporate circles they would tell you that you have to be a team player. Never mind that knife sticking out of your back. I've been there.
I wish him well whatever happens or wherever he g…
Who knows? Bill Gross may find nirvana getting back to what he does best. That would be a win/win.
The SEC investigation is still a cloud on the horizon though. That cannot be discounted.
Janus should change that photo of Gross to a better one.…
@msf, I did see that part about Gross staying in Newport Beach late last night. Smart move on both sides. I would prefer NB over Denver weather wise.
During the day the fund added global to its name. I checked because I was trying to get the previ…
I noticed it started to be strict on the login each time I visit. If I click on the discussions link that reloads the page without clearing me off. I just keep the tab open on this site. Running Safari.
"There may be many smiles at the Pimco offices today."
Yep. Nobody wants to work in the middle of a live soap opera. Now I wonder how many people are going to welcome Bill Gross at Janus with clenched smiles?
@scott, funny how we talked about Pimco once being a class organization. That was not that long ago. Bill Gross was Pimco and vis a versa. I think this has huge ramifications for Pimco.
The big question might be who caused the conflict? Gross or …
According to Bloomberg, Gross will manage their Global Unconstrained Bond Fund. Is this a new offering?
I'm not sure this is a positive for Janus. Too many questions at Pimco and Bill Gross cannot run away from them or the investigators.
I could …
Apple has released iOS 8.0.2. So far no reports of issues. I will update later.
I watched Bloomberg West again this morning. Again the focus was on Apple. Not much news I guess even though the markets took a hit. The other big story on BW was the …
I did get 8 installed the following day. 8.01 was the update that had issues and it was pulled before I knew it was out.
So far 8 is working fine but I do notice some slowness on my 4s. That is probably due to the older phone rather than the syste…
