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.
Reply to @catch22: LOL, Mark! i am grinning too wide for my work cube! this image is also on my mousepad, but -- most importantly -- the original is sleeping at home and wags his tail when we come from work. This is the nose of our airdale terrier.…
are you in any way affiliated with learnbonds.com? it certainly seems that way. you have presented several mostly meaningless articles recently from this site exclusively. MFO is a great outlet to learn and share information, not so much to push a…
I believe, you need first to establish a benchmark according to your personal risk profile. Then you calculate the standard diviation ("SD") of the benchmark (let's say 60% equities with the volatility of MSCI world index or S&P -- whatever fits…
i know in your 'Junkster' past you mentioned not being comfortable with the closed-end fund universe. If that has changed however, i would recommend JMT or JLS. They have recently moved to premium pricing since more people discovered non-agency mo…
Reply to @MJG: i too rarely have time for tv and see propaganda from miles away. Being from former soviet union makes me intolerant of any kind of propaganda or any other attempt at thought control -- whether obvious or subtle. i worry about he you…
from dealbook: "Mr. Corzine, in a bid to rebuild his image and engage his passion for trading, is weighing whether to start a hedge fund, according to people with knowledge of his plans. He is currently trading with his family’s wealth.If he is succ…
some color from the desk:
"Some of the most interesting activity these last few weeks has occurred in certain sovereign bond markets. In particular, the back-up in “core country” sovereign yields. 10yr TSY yields hit sub 1.4% back on 7/25 (the d…
Reply to @Old_Joe: "if you are perfectly hedged, you might end up with no return at all." Actually, you'll end up with negative return. The hedges are not free. Whether it is via options (premia, commissions), swaps (libor +) or shorting (cost of…
A few thoughts:
-In step 1, Washington is listed twice: "(Florida, Texas, Nevada, Washington, Washington, Alaska, Wyoming, and South Dakota)".
-A claim that a national fund provides higher yield is not true.
-Are there really muni bonds index fu…
@Catch.... recent housing, employment and retail sales data was better than forecasted and pointing to muddling through rather than contraction in the US. As a result, the previous investor optimism over QE3 (communication on 8/31 in Jackson Hole f…
Reply to @CathyG: ex date is not when pay date is. it is when the share value adjusts downwards for the amount of the upcoming dividend and shares purchased that day are no longer eligible to receive the dividend. Some ETFs have just days between …
Cathy, declaration date of dividends is irrelevant. You need to compare the 'pay' date with the date you get a cash credit. These should be very-very close (usually under 3 days). If that's not the case, then there is a problem with the broker. …
Reply to @David_Snowball: the fact is, David, that it is after all an open end mutual fund which provides daily liquidity to investors. This means should there be panic, nothing replaces cash. Once people start losing their shirts in equities and t…
Reply to @WallStreetRanter: thanks for your response. i know they have strategically overweighted high yield and EMD in many of their flexible porfolios. So you're right, one needs to understand what's in there before investing.
Reply to @Skeeter: my response was out of curiosity and i apologize if it seemed that i "have issue" with the original post. i agree with everone that the IPO was a disaster on many levels, but was wondering whether it was personal for Mo and that'…
agree with all your observations, scott. but to the original post, any IPO is designed to 'exit' the early investors and to bring 'permanent' capital. in the FB case, it was only the former, not the latter. the company didn't really need the cash,…
always has been part of my diversified portfolio. the absolute rates are too low now of course, but that's the curse of any higher quality fixed income investment. so there is a need to weigh investment thesis/ value vs. the need for tax free inco…
Mo, your constant referring back to this painful IPO makes me think you bought the offering.... Otherwise, why would you care so much? IPO's are done to monetize the insider's stakes and, preferably, to bring them significant value for their shares…
Reply to @msf: some of these are traded at unsustainable preimums; at least one going through the rights offering; several return capital to shareholders thus losing over 70% of their NAV during recent years to support the unreasonable distribution …
only closed-end funds would do this due to their option-writing or leverage strategies. open-end equity mutual funds don't distribute dividends monthly, because underlying stocks have either quarterly or semi-annual dividends.
Reply to @Old_Joe: it's all over Bloomberg and other media -- Another Grumpy Older Poster (AGOP). Knight is loosing $440mm on this 'trade error' about 4 x its 2011 net income.. if they are out, less liquidity for the market...
the trading volumes have been very weak recently and almost non-existing today. so any, more or less, sizable trade will move the market a point or two. august will be even worse.
Reply to @VintageFreak: market risk is really beta exposure for equities, interest rate exposure for treasuries and credit exposure for corporates. you always have market risk, whether or not your funds are actively or passively managed, UNLESS of …
Reply to @romroc: what you're looking for does not exist. you might need to rethink your hobby and leave investing to a paid professional or to a couple of balanced funds.
