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.
I'm still 100% in HY Muni bonds paying me about 5.1% - only state tax. Munis haven't seen capital appreciation this year. My guess it is the possible Fed increase later in the year holding them back.
My current plan is to stop the re-investment…
On the inaugural show of the new Wall Street Week, Mr. Gundlach mentioned that a crisis in junk bonds was coming. I guess he knows the day and the hour when it will begin.
http://m.wyff4.com/money/junk-bonds-the-next-financial-crisis/32465346
Gund…
Agree Derf, the next overdue bear market will dwindle that already miniscule percentage. Nice post clacy! If SS is your only source of income, my rule of thumb (subject to debate of course) is a debt free single person needs $2,000,000 and a debt…
@JohnChisum
Make that 2 folks here, who have not eaten there.
Perhaps a more radical circumstance; is that although I am a coffee drinker, I have not had anything from a Starbucks.
+3 Then again, I have the absolute worst diet of anyone on this …
Talk about an aging mind! When I said the two most frequent panelists were Michael Holland and Carter Randall was I confused. I meant Frank Cappiello not Michael Holland. At least Mr. Cappielo wasn't as bland as Mr Randall - the eternal bull. Th…
@ Junkster (& others):
It was Eddie Brown. Still around. "Brown Capital Management"
Pretty impressive guy from nowhere/nothing...
As Old_Joe said "good work". I remember him well now that you have jogged my aging memory.
I would wager no one on this forum was as addicted to Wall Street Week as much as me. From its inception I NEVER missed an episode. What I learned most was no one has a clue to market direction. In fact, the market more often than not moved in th…
OK, LOU Holland. I must have mis-heard.
Crash, this thread is so long haven't read it all. But Michael Holland was also a panelist and in fact probably the most frequent of them all along with maybe Carter Randall.
Does anyone recall the black advisor that was often a guest of Lou?? I seem to recall "Brown" but not sure. I remember that I was impressed by this guy at one point when I was thinking about an "advisor", but was not exactly in that "wealth rang…
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…
