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Sorry to be the contrarian. But outsized returns?? Not over the past 10 years. I rarely to never listen to money managers because it is easy to sound educated and articulate on a subject. Results impress and sway me more.
Still long Dolphin Capital as a cheap (less than 38c a share) play on Greece.
http://www.dolphinci.com/
For the uninitiated, 38c per share? All I can see is where it has declined from around 175 in 2007 to 25 today on the London Exchange. I assu…
When Lou would sit at the big table and the weekly guests would join him, sometimes there was a *very good-looking* female in the mix. I don't remember her name but I wouldn't mind seeing her again. :D
Sorry for being so shallow. :(
Gail Dudack. …
When Lou would sit at the big table and the weekly guests would join him, sometimes there was a *very good-looking* female in the mix. I don't remember her name but I wouldn't mind seeing her again. :D
Sorry for being so shallow. :(
Gail Dudack. …
Hi Junkster,
Old_Skeet here. I am serious about this comment and strongly sugguest that you consider starting a monthly newsletter as to how you are positioning within the markets. Heck, you could even provide a copy of your book for new subscrib…
http://www.morningstar.com/funds/XNAS/GBMFX/quote.html
In the spirit of full disclosure I decided to do some more checking. GBMFX is their flagship fund. Not terrible by any means but other than their 10 year track record no great shakes.
They h…
And if you go back to their forecasts beginning in 2009 you will see how this stuff is worthless - utterly worthless in fact. These guys have no more clue than you, me, and the man in the moon.
Edit: Here's their 7 year forecast beginning Novembe…
When I saw the header for this thread I thought it was going to be about how left handers make for better investors because they march to a different beat and don't run with the herd and do their own thinking. Boy was I wrong!
>>>Matthew Tuttle, chief executive of Tuttle Tactical Management, says the biggest junk-bond ETFs—such as HYG, up about 1.8% this year, and SPDR Barclays High Yield Bond, up about 1.9%—.......
Here's a link to the February Barron's thing on Gundlach:
http://online.barrons.com/articles/SB50001424052970204442204576144662301971254?tesla=y
Am I missing something here? You linked a four year old article.
Oh, goodness, you're right. Sorry …
"I don't often know where my ideas come from. Maybe it's the fact that I'm obsessively regimented in my analysis, borderline autistic. But whether it's bond selection or asset allocation, we can do it better than just about anybody around.."
Those …
Here's a link to the February Barron's thing on Gundlach:
http://online.barrons.com/articles/SB50001424052970204442204576144662301971254?tesla=y
Am I missing something here? You linked a four year old article.
>>>Personally, I share a lot of what I do on this board and when I do, I give reasoning. I do own GILD and other healthcare stocks and a few differerent funds. As for GILD in particular, you have a company that had $24.9B in revenue in 2014…
Remember her well. All the more reasons why some of us old timers need to start spending and enjoying what we have accumulated over the years. Life is short!
I have never bought into this thinking about using commodities as a diversifier etc. Terrible long term record. It never ceases to amaze me how little some commodities have risen in price since I was a commodity broker in the early 70s. That was…
Being bond centric at this stage in my life - PHYTX. I am working on a strategy that is either 100% cash - 100% junk corporates - 100% junk munis - 100% bank loan/floating rate.
I just looked at RPHYX's chart on M*. It's performing exactly as advertised: a very gentle but nearly straight line up, delivering a bit more than 3% better than MMFs, which are delivering just about zero. The only time it ever had a negative quarte…
http://www.cheatsheet.com/personal-finance/retirement-reality-5-charts-you-need-to-see.html/?a=viewall
I've always been intrigued how much annually we spend in retirement. Obviously where we live and if married or single among other factors has an…
@Junkster
Is any of your portfolio or at least enough to generate some cash flow when you would have to have RMD (required minimum distribution)? Would this amount combined with SS be enough? 'Course, I am sure you could always draw as needed from t…
Anyone have an annuity? I realize they are a bad deal and their onefold purpose is peace of mind. But when I turn 70 in 2 years if I put 17.5% of my portfolio in an immediate annuity it (plus my Social Security) would cover all my annual expenses …
Anyone have an annuity? I realize they are a bad deal and their onefold purpose is peace of mind. But when I turn 70 in 2 years if I put 17.5% of my portfolio in an immediate annuity it (plus my Social Security) would cover all my annual expenses …
Not a medical expert. Just a concerned 70 year old with some of the typically associated ailements who has looked intently at this "Right BP" question.
A major goal of lowering BP is to reduce wear and tear on the inner linings of blood vessels an…
This article should be dedicated to MJG. In the article " The average investor in stock mutual funds made 3.8% a year over the past 30 years..." I am skeptical on the methodology used to determine that tidbit.
And why some aging investor with a…
Balancing wealth accumulation to infinity vs spending in old age to reap/enjoy the fruits of our labor is a topic I would like to see addressed here more.
Hi @Junkster- What a great idea for a topic.Not to be a smartalec (for a change) but why don'…
I follow about 50 open end bond funds of all stripes and colors and the only green today were PONDX and ANGLX - the latter having a banner year and with almost half in Non agency MBS.
Thanks and good luck in retirement. Again, wasn't trying to be combative. It seems lately I've seen too many people in my Mayberry type town pass away and with way too much money in the seven figures. Another lady I know well is 82 and her 1.8 mi…
>>>>it really makes no difference how much money you've accumulated to fund retirement, the key is how much annual income this accumulated money can generate.
Today seems to be a shift away from US-centric investments.
Japan holding up very well YTD as well as today. Any J-apan-unkster interest @Junkster?
I never was much into international/foreign albeit this sure has been the year for them. Being in…
@Junkster
Yes, as to the utilities, too. The broad index is -2% at 11am EST. 30 year Treasury about -3%.
Ya think we are only seeing some head fakes from the big money?
Regards,
Catch
Maybe in equities but it looks ominous for bonds. Went to 33…
The Utilities sure did ring the bell. The low in yields already looked like it had been in for Treasury yields and today the last brick in the wall.
@Junkster Why are you worrying about bank loans? Don't you have more pressing concerns, like puttin…
The late 90s it was much more than 20% per annum if your thing was tech funds. But as you said, not many expectations now for anything like that. .
sure there are: health care and biotech. everyone says the same thing: they'll only go up, t…
Thanks Junkster for Dr. Yardeni doc.
Hard to tell at by just looking at the charts the basis for his bull/bear metrics. But it certainly indicates bullish.
Quick search on internet shows he does like to be in the news. I noticed that last year he …
too many bulls
Maybe that is the buying action, but everyday I glance at the financial pages and find 9 bears and maybe 1 bull. Everybody thinks we are headed for a big retraction, seems like.
too much complacency
Now that I do see. I think Ted …
Now 21% in cash. Junk bonds' 33 consecutive day winning streak came to an end this week. May sell more tomorrow depending on market action. Some sentiment readings were at/near historic highs recently meaning too many bulls and too much complacen…
>>>FYI: For many years, I’ve been asking people what money means to them. Typical responses have been words like “freedom,” “security,” “survival” and “happiness,” the kind of words that pack a real emotional punch. My take is that money is…
Scott, a person's methodology sometimes is a by product of their financial circumstances. When I was your age I had but $2200, a negative net worth and a part time job. So being long term and reinvesting dividends and the like was not an option w…
Junkster
Interesting to read your past moves.....however
what are you planning to do in the future is the
most important issue today.
No offense to you, sir, but I tire of posters who
provide us their "wisdom" of PAST maneuvers....
most of it I wo…
