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.
Don't put all your eggs in one basket !
Derf
Been doing just that since 1985. I never was much for conventional wisdom.
Edit: The above is incorrect. Been doing that since 1966. Just it took me …
Floating rate funds move almost lock-step with high yield corporates albeit without the volatility (2008 was an exception) They seem now like a no brainer, can't miss, sure thing trade with among other things the Fed expected to raise rates next mo…
Here's a link to a topic I discussed earlier this morning about the sudden love affair with floating rate funds being a panacea for rising rates
http://blogs.barrons.com/incomeinvesting/2016/11/16/why-floating-rate-loans-may-not-rise-in-price-when-…
It's a bit distressing to see all the sudden enthusiasm here, there, and everywhere with floating rate/bank loan funds. The last thing I want to see is that category becoming "groupthink" and the "logical" place to go. In the real world we have see…
Hum?
Don't mean to rub it in. But us who has some PRPFX in our holdings are wondering what all the excitement is about?
Just another dull day ... up a modest 0.44%
:)
Yes, PRPFX has certainly come to life this year with impressive double digit ga…
It's pretty wild, so I had to doublecheck this on the Powershares site after seeing it on M*: PCY (US$) and LEMB (local currency) both fell in price today ~ 2x the drop in the IIV, resulting in very wide discounts, for etf's.
Here's PCY, discount …
y0ungmoney.blogspot.com/2014/11/kill-your-investing-gurus-jim-rogers.html
In the long run, Jim Rogers has been about as wrong as any guru out there on just about every asset class under the sun. Reminds me of the ex-resident stock picker on this fo…
I believe this is @Junkster's discretionary fund for hiking shoes and peanut butter sandwiches.
Stay fully invested, have stops in place and live frugally...works for me.
You pretty much nailed it! Love when those monthly dividends are posted to…
Ha-Ha! There is a reason it's $66 (and not 0) and that's a result of an issue I once had with an exchange between the same fund family and the need to have $66 in my cash balance.
All in here, 50/50; equity/bonds ($257 in cash account). As the markets remain perverted by central bank policy(s), earnings adjusted by accounting methods and cranial/rectal inversion in the area of political warfare and those who will retain their…
Meanwhile back in the real world several categories of bond funds have double digit gains in 2016. Flight occurs way after the fact and prices have already been in a pronounced downtrend. That is what occurred with the Third Avenue High Yield fund…
If the performance of the past three months (a period of rising rates and falling Treasuries and munis) is any preview, the places to be are high yield corporates and bank loan/floating rate funds. I hope rates continue to rise and surprise on the …
I can't predict or forecast anymore than the man in the moon. While "hope" won't get you anywhere in the markets, I have been "hoping" (for more reasons than one) that rates rise and that a generational low in rates is already in place. Seems ever…
If you check out the taxable bond categories vs the municipal bond categories the munis are really lagging in 2016 (even when you factor in the tax advantage for the munis) Crowded trade?
http://news.morningstar.com/fund-category-returns/
well, fidelity said no, it's against federal regs to give bonuses after the move is complete.
here's the note i got from f:
Thank you for following up with us regarding our promotional offers. I am happy to further assist you with this informat…
Maybe we should add the adage "When you have won the game, stop playing" Meaning CDs and money market funds only. Are there not older investors who have accumulated enough of a nest egg that there is no longer a need to take risk.
hmmm. well, i just transfered well over 250k but far less than 1 mil to fidelity by closing out my wellstrade account and i did not to think of asking for a bonus. crap. think i should ask for one retroactively?
in the alternate, i have a big pi…
@Junkster - can you tell me how Fidelity is providing $3,750 to your account? I'm currently in the process of transferring a rollover IRA to them and transferring a taxable account to them as well.
I know there offer commission free trades (but no …
I have been at Scottrade since around 2003/4. I thought they were top notch and especially my local branch manager. But was on the line today with various reps from Fidelity. I will be transferring my IRA Monday and then later my taxable. It's no…
Bonds, the most crowded trade since...... seems to be unraveling. I would think today's action scares the Fed into not going the week after next but who knows. I would love a rising rate scenario making CDs and money market more competitive. Remain…
SCMFX What is there to like about a fund that has significantly underperformed its category YTD, 1 Yr, 3 YR, and 5 Yr ?? SEEDX isn't much better. One common refrain (excuse) when investors hold underperforming funds is it's for diversification …
Not exactly an answer to your question but "lower returns going forward" seems to be the latest buzz phrase. Actually has been around many years and popularized by the likes of Jeremy Grantham long ago and others (especially value managers) Last …
This is especially true in a very slow, careful increase in rates as we are likely to have. I hope you are right as bank loan funds may be the place to be. And would love to see a corresponding rise in CD yields. Albeit I have been hearing this r…
ETNMX has a really interesting mix of assets. Thanks for the tip, TSP, gonna look into that one. It's slightly outdone NWQAX.LW, which is pretty good.
No short term redemption fee and NTF at Scottrade. Looks good! But then 2016 is turning out to b…
The thirst for yield continues unabated. Today is something like the 11th day this month junk bonds have hit all time highs. About 2 weeks ago for the first time in 18 months junk bonds began ignoring oil. Curious if that will continue if oil bre…
"This time it's different".
Typically when this trope appears it refers to a situation in some particular sector of finance which is suspected of being in the "bubble" mode. For example, internet/tech, housing, etc. The "this time" characterization…
But I remain puzzled by the emphasis that you and others place on the fact that stock dividends fell below long term treasuries in 1957. Total annual returns are the pertinent measure of any investment’s anticipated value.
My only point was in refe…
MJG I think you missed my point. This has nothing to do with the *performance* of stocks vs. bonds. Just the unthinkable and this time it really was different as 1958 was a watershed event in that for the first time ever bonds yielded more than s…
MJG You may want to go back to 1958 and what happened to stock yields vs bond yields. It was a big thing at the time. Something that had never occurred in history and remained that way for many decades. Albeit not suggesting that it is different …
AJ, First chart is reality and what is happening to those who actually trade/invest/own a junk bond fund. Second is not reality because it is only price and dividends are not included. (Click on five year time period if my link only shows one yea…
@MikeW: " I'm currently pondering investing in Mathews Asia Strategic Income..." MAINX . I still track this one. I think that in spite of itself, it has shown itself to be a good choice. It's limited to Asia, though Morningstar puts it in their W…
You can't use traditional technical analysis with junk bond ETFs ala JNK or HYG. In reality, junk bonds hit all time highs on 6/8/16 and then again on 6/23 right before BREXIT. Previous all time high was 5/31/15. They are on a roll now hitting al…
Of note: Many hedge funds are using EFT's as part of a portfolio. Obviously, some of the hedge funds money flows are large. One may suspect some of the reported flows from Ted's link article are hedge fund related.
I've also seen hedge fund buys …
What counts is a long term real money track record using the various forecasting models referenced. I spent decades monitoring the real money results of the so-called experts from Futures Truth, MoniReserach, Hulbert Financial Digest, and Dalbar, …
Fortunately outperformance in the markets has nothing to do with forecasting or predicting. Were that the case I would be eating dog food and living in my 96 year old mother's basement. Money management, money management and more money management.
heezsafe First article outdated and reflects the Brexit exit from junk bonds. Have you checked the most recent heavy inflows? And the author is completely off base about how much HYG remains off its 2014 highs. Like so many he is only looking at…
What a week for junk! One thing I don't like about the week is that I am not fully invested in corp junk. I still have 30% in muni junk and 10% in PFORX. @Junkster - I like your WAHYX and I also own ABHIX and PYHIX.
I got off the muni wagon too s…
On the other hand, this week has seen the most positive divergence in many a moon between junk corporates and oil. Either because the rush to yield continues or the oil defaults to come have finally been factored into junk bond prices.
