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.
Goldman Sachs is not an institutional investor. Goldman Sachs Asset Management that buys and sells on behalf of their funds IS. Prop desk, investment banking or capital markets are NOT institutional investors. Commercial banks only fit the category …
We cant have a recession with over 2.5% growth in GDP.
I believe something bigger. The start of a recession is always declared in hindsight. I think Oct. 2018 may be that start.
i've been buying those for clients. only the QDI paying - equity preferreds that are fixed for a few years and then either get called or start floating with the 3 mo LIBOR and a nice spread. the equity preferreds dont produce K1.
@Ted for a little “…
@davidrmoran: i only addressed the names the OP has mentioned. PCI is not expensive compared to other Pimcos, but is at record valuation compared to its own history and stated yield. (one can hope for the year-end special, of course.)
for those …
GOF is a fund of funds so your expense ratio is double. The two Pimcos are excellent, but too expensive to buy now. CEFs go on sale about twice a year, and on a panicked protracted many months long selloff every 2.5 - 3 years. So be patient. Oh, and…
@Sven it's Bill's sole responsibility.. he's never been about team work and many analysts... only junior ones. he also has much of personal wealth in the fund...what a mess! some times people need to exit the business/ retire gracefully. he failed…
wow.. just noticed he holds 10% equity, at least one ETF and a CEF or two.. the yield thou hardly breaks 2%. must be overhedged. this fund is a nightmare of an ill person, not a bond fund.
@will why don't you just index then? Cheap and efficient, index weighting of treasuries, corporates, agency mbs.. ticker AGG, index Barclays US Aggregate Bond. Current duration is around 6.
This way you'll always have performance matching the ind…
Excellent commentary @msf, as usual. No product in the market today has a guaranteed 8% annual return as the SS does between the FRA and 70. Unless one has very short life expectancy or no other income, the SS should be delayed.
Bonuses usually depend on the transferred balances. The discount brokers will all do that. Merrill Edge officially offers up to $600, but exceptions for large accounts could be made.
@Junkster stated earlier in this thread that Fidelity will pay a b…
Risk parity turned into a risk party in 2013 rate scare, so your typo in the name is most appropriate @ted. Also, risk parity is not tactical allocation, by any stretch of imagination.
Yes. Merrill went ahead and implemented the DOL rule in retirement accounts effective the original day in June. One still can continue trading as self-directed and pay 6.95 per equity trade and get mutual funds etc. .45 fiduciary stuff provides stra…
cat bonds are also included in a Pioneer offering HNW. the bonds plunged 16% on Friday, before Irma, as some predictions estimated damages of over $200bln and a wipe out of Fla insurers. on Monday those estimates were paired back to about $50bln, w…
def of emerging
Exactly!
Mr Arnott is quite well educated and intelligent, but his portfolio building approach reminds the stopped clock. This time he is quite right, but this was a consensus trade of all investment prrofessionals who were breethin…
EM always growth faster than the developed world... they outperform this year mostly due to the plunge in USD.
Emerging market is the best performing asset class this year. What he said is nothing new since EM is growing faster than the developed ma…
I like and use the fund. They try to maintain a typical 60/40 risk profile, but instead of piling into equities, they strategically use call options. Their move to purchase eurex and EM calls paid decently year to date. So did their decision to cut …
For any registered advisor, FINRA form U4 will have all information. Google"Broker Check".
So guys, back to my question. I'm searching on the IAPD site. So this seems to be website where advisors can provide THEIR information.
How do I find if som…
I am an FA with mostly fiduciary practice. one needs to understand that not everyone is as sophisticated as some contributors to this forum. I see PhD's and MD's who sit in concentrated positions of their company's stock or have other broker relat…
CEF wrapper is dependant on VIX. As volatility is subdued, CEFs trade on fundamentals (based on NAV performance) and some investor sentiment (discount/premia). With quiet VIX and outstanding NAV performance, pimco (and other) CEFs attracted more a…
It's looking a bit more reasonably priced now. The div reinvestment will be at the NAV or 5 % of market price.. not a bad deal..... funny how leveraged CEF prices climb by the escalator, but use an elevator on the way down.
historical NAV volatility of PCI doesn't compare well with PDI; that's all... i still have it across some portfolios... nothing against the fund, Andy.
This is not my conclusion thou. I am holding on to stuff purchased years ago either at a discount (pdi) or at par (pty). What keeps me in them is extraordinary and consistent NAV performance and reinvestment at a 5% discount. I wouldnt buy at these…
You dont need separate accounts. The allowance is double for a married couple. So the max annual is $28k per couple per beneficiary, or you can prefund 5 years of contributions or $140k in year one, again, per couple, per beneficiary. This could wor…
The newer pimco funds (PDI, PCI) are trading at the highest premium/lowest discount in their limited histories. Older funds, such as PTY, are not at record premia, but are still fairly expensive. As a matter of fact, any decent offering in the CEF w…
PDI has indeed been a stellar performer since its IPO. hard to recommend it today though, with such hefty premium. A few more days like yesterday, and it could be a buy again.
I happened to know the PMs behind GAOSX. this is a true global all, with at least 40% non-US exposure across various asset classes. They tactically stopped hedging majority of their currency exposures earlier this year and bought calls on Eurostoxx …
Thank you, gentlemen. While downside protection is important, i cant pay for large cash holdings within a fund as we manipulate cash levels on the overall portfolio level.
@Old_Joe: the nose belongs to my 11 and a half yo airedale. He is around an…
Thank you, all, for your answers. Nuveen's FSCCX fits the bill for me for less risk averse portfolios. Otherwise, some indexing via ETFs or nothing at all dedicated a la BobC.
hi david, I am holding PONDX at Merrill Edge. (ML advisory offers PONPX.)
I agree, however, that DSENX is not available. I think we should be pushing for them to add.
I know the platform pretty well. Since you are also banking with BofA, you can …
i think public listing used to be a conventional exit. not so in the last 10 years. you see UBER and other multi-billion dollar companies which have no issues raising multiple rounds of financings in private markets -- there are simply no reasons to…
