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.
hi hank, manager research is the main driver of any active fund allocation -- regardless whether traditional or alternative. one either indexes, or goes with a solid manager whose style is understandable and stays with the manager during periods of…
gosh... i tried to put some explanation behind these, which got completely ignored. :).. the post asked whether these are an asset class, by the way. just saying..
i think her name truly became household when she predicted billions of municipal bond defaults and hundreds of bankruptcies "in the next 12 months" at the end of 2010 during her 60 mins interview. she ruined the ability of many townships and school…
I like to have fewer accounts if I can help it (per beneficiary of course). Multiple accounts make sense during roth conversions. Then if one converted account loses a lot of value during the following 12-18 months, that particular conversion could …
alternatives could be thought of along the same line as traditional asset classes -- not a separate asset class. for example, you have publicly traded equities and you can have privately traded equities (wouldn't be a liquid alternative, but an alt…
@bee: "Are etfs treated like stock holdings when it comes to tax harvesting strategies...much like selling stocks to harvest losses?
Also, at death do etfs adjust their cost basis (like individual stocks) making them a better vehicle for inheritanc…
these funds have no carry (distributions) and are very volatile. why wouldn't you want to have them in your taxable account to take advantage of any possible loss harvesting and keep IRA for the ordinary income producing stuff (bonds)? same goes fo…
I could count on you to dig this out @Old_Joe.
@Junkster: PRPFX discussions during fundalarm days are fresh in my mind. :)
There might be inflation in the future, or not. The flattening yield curve and breakevens show the opposite. Theoretically…
@Max: your obvious political and antisemitic diatribes caused me to block you in Morning* forums. i could just wish for the same option here.
@hank: not much will be changed as far as investment consequences. see below analysis:
Based on availa…
it's still a regular IPO process with 5% underwriting fee and over-allotment shares (support). It takes around 45 days to get rid of the premium most of the time. under certain market conditions and in several "star" offerings, premium might only …
permanent capital that CEFs raise is extremely helpful in less liquid situations and is being exploited in fixed income funds investing in high yield, non-agency mortgages, munis, loans, cat bonds, EMD, distressed debt, private placements, etc. the…
one discusses ETF while the other discusses a mutual fund.
But that doesn't seem to jive with this current article from Barron's:
Investors Pull $27.5B From Pimco Flagship Fund In October
http://blogs.barrons.com/incomeinvesting/2014/11/04/inves…
They think that institutions are more patient money and wouldn't bail out at the first sign of volatility. I aint sure that's the correct assumption. It does take institutions longer to make a move, but the results are often similar. Also, fewer lar…
it's not just leverage, it's equity premium. if you want to track the price of gold, invest in gold (physical, etn, futures, etc). equities introduce other risks as they correlate with other equities more than with the underlying commodity.
thanks, mrc70, for your responses. i actually questioned whether you're comfortable with your asset allocation and it appears that you are. the absence of anything dedicated to fixed income does surprise me, but looks like you know what you're doin…
@mrc70:
- what's your age?
- have you done a look through (X-ray or similar) for the asset classes?
- does this portfolio serve as your retirement portfolio or you have other goals for the moneys?
below comments are very high level.
the sin…
if Max and Crash is the same person, which i suspect it is, would you kindly pick one handle and stick to it as not to confuse others? if not, i apologize in advance.
+1, Catch
Not to the messenger; but to the writers of the article. Man, I'm glad I am not in this line of work; requiring to pump out something, anything.
Did it really require two people to put together this piece; and what did anyone learn???
W…
i stay away from not tax-efficient investments in taxable accounts.
Investors usually exit poorly performed funds. in order to raise cash for exiting investors, managers of the open end funds have to sell securities in a declining market. so they …
This is so true, Andy. the spreads snapped back with the vengeance: if one were to annualize the HY performance over the last couple of days, it would have been 106%! kind of telling how desperate market participants are for investment opportunitie…
Investors usually exit poorly performed funds. in order to raise cash for exiting investors, managers of the open end funds have to sell securities in a declining market. so they realize multi-year gains and sting the remaining investors with the …
it is, but in this case, it is very narrowly applied to penny stock.
"OTC" covers a very broad universe of everything that is not trading on an exchange which is a wider universe than one that is exchange traded...
OTC is not "Over The Counter?"
your passion for news/ investing/ mfo is admirable. while i don't always agree with your style, i wish you many more years of the same energy!
fa
2fundalarm: I peddling the bike as fast as I can, but at 78 that's not very fast. !
Regards,
Ted
yeah.. too bad that today R2000 is down with the rest of the market souring. @Ted: you'll need to send headline news every couple of minutes to stay ahead! :)
@catch22: i did a bit of nibbling myself. moved 2% of portfolio value to add to various positions. in healthcare, i have VGHCX since 1998, but am limited by the size of that roth account to add more. take care. fa
exactly.
OTC -- as in 'over the counter' -- continues right ahead with trillions involved and has nothing to do with this shady thingy that took a known acronym for its name. OTC market can't fail because it's done by contractual negotiation betwee…
yields continue to sink globally. In the US the whole curve had a bid – 2yr yields are at multi-month lows down at 0.37% (keep in mind this was 0.58% only back on 9/24). 10yr yields are now ~2.2% (down ~8bp Tues). The 2-10 spread is at risk of hi…
then you'll be trading ones every couple of years or so. not bad in terms of controlling your trading costs, but how realistic?
notI am pondering the Zweig approach(Martin not Jason) .Sell when the market (or a stock ) drops 10 or 15% (your choice…
the kid who picked up the phone @ Vanguard made a mistake. Vanguard does best to train them, but you know how it goes, plus being a bogle-funded truly mutual fund company (i.e. cheap) they can't really get good help like the loaded institutions c…
c'mon junkster! you should take it less personal! you promised to keep out and enjoy your daily positive hy muni performance -- so the rest of us, classically diversified, could just sit there green with envy!
yes, the vanguard guy who advised r…
msf is very thorough in his answer. but a short answer would be "yes". for daily accrual bond funds -- all pimco's open end funds, vanguard funds, and many others (but not all generally) -- there is a daily interest accrual that is part of the dai…
“Common and preferred stock in Fannie and Freddie slumped in response. But the breadth of the ruling, and the likelihood that other courts will come to similar conclusions, mean the shares probably have much further to fall”. WSJ
it wasn't... bond funds accrue daily dividends in their NAV, not like stock funds. the decline you saw was a market decline - movements in spreads -- see my previous explanation.
Update for PIMIX / PONDX
---PIMIX, dividend of 0.05550 per share, …