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 think what I was trying to say in my initial post is there are a lot of people where I live that are in dead end jobs, never attended college, and have little to no financial assets. Yet they are much smarter and intelligent than the people I know…
30% in SNTIX, 30% in VWALX, 30% in VLGSX. A tiny stake in VHT.
Junkster: What junk corporate fund looks good to you? You used to like WHIYX, but it hasn't done well since the management change a year or so ago. I sold VWEHX a month ago as oil w…
Stealth bull market in junk corporates? I hope! 10% there but adding, albeit still mostly all in junk munis with less than 3% in RIMIX. Everything as always on a tight leash. In Max Gunther's The Luck Factor one of his five key precepts is " The…
YOU keep out of this! Look at all the work that you've caused! Just sit there and be quiet!!!
:-) :-) :-)
Ha! Ha! Sure has taken some twists and turns. Lucky people are often risk takers (fortune favors the bold) So I never begrudge any of th…
I think most would agree that luck, divine intervention , or a bit of both helped them through their lives.
My lucky break occurred when I was banned by Vanguard and T Rowe Price in the early to mid 90s and landed at INVESCO and Strong.
Since The Luck Factor by Max Gunther is one of if not my favorite book of all time it's no insult to me if anyone attributes most of my success to luck - being at the right place at the right time and having the sense to exploit it aka "Audentes For…
A quick personal story. I always thought hiking and hikers were more of a yuppie thing. And indeed, lots of hikers in my local hiking group are professors at a local college with their PHDs. But the hardest core hiker in our group is a 56 year ol…
I am wondering if today is going to be a mini version of 10/15/14. Regardless, slowly building a position in corporate junk funds and even more slowly in diversified emerging markets funds while slowly exiting some of the junk munis. While *slowl…
Hi Guys,
Education level and net worth are not just positively correlated; they are highly correlated.
That's much more than just me making an assertion. Every single study on this subject that I have ever seen documents that claim. Sure these s…
catch, if there were some sort of periodic table for equity sector funds going back to the 90s you better believe you would find a lot of trend persistency. Where would some of us be were it not for tech and telecom in the late 90s. Or for that ma…
Hi Ted,
Many thanks for the other Periodic Table of Returns references. They all inform.
It doesn't much matter if these Tables are take offs, takeoffs, take aways, or whatever. What does matter is that all these graphic summaries demonstrate a …
First, some important premisses:
(1) We learn that which we deem important.
(2) Parenting, upbringing, and the culture in which we exist greatly influence our sense of what is important.
(3) Longer term, cultural effects are more influential…
Hi Junkster,
Thanks for posting your take on your asset class of choice for 2015.
My "Big Three" themes that I am concentrating on and increasing my current positions in are in Europe, Emerging Markets and Commodities along with their producers. …
Hi @Junkster
Knowing you dig through your prospective investment choices; and you are likely aware that some of RIMIX performance for the past year is due to a 26% holding in India. I suspect that the fund still holds this much and perhaps more. I …
Thanks Scott. RIMIX looks good, available at Scottrade and best of all has no short term redemption fees. I can't buy anything with a short term redemption fee. I will compare its volatility with HIEMX and go with the lower of the two. My junk m…
I am bearish on equities BUT except in one instance (the Y2K scare) my "opinion" of being bullish or bearish has never made me a plug nickel. I was dumb as dirt being bearish on bonds *all* last year but had my second best year ever primarily being…
The 15 year *total return* for the S&P (SPY ETF) is 4.03% so Charles' return looks pretty spot on. Some of the better junk corporate open end bond funds returned over 7% in that same time frame.
Hope you are right. That is where we differ. I don't believe in making decisions based on news stories. When everyone is on the same side of a trade or investment thesis you better run the other way. Of course there are still a horde of analysts…
Sounds to me like you guys are in violation of a whole passel of federal regs re on-line gambling and wagering. Unfortunately my conscience requires that I report all of this to the proper authorities. However, my conscience can be easily disabled i…
Dex, mailed my $250 my check to heezsafe the other day. If I have to pay you off will send it to you and you can do whatever with it. But we have a ways to go there. I'm 100% in junk munis too now and will try and stay with the trend and have some…
RMDs (I haven't started) but they are for "SPENDING" money hopefully not for normal living expenses, think of all those years of Saving/investing for WHAT?, more Saving and investing.....I don't think So....SPEND IT....
Couldn't agree more! For me l…
I realize I am a minority of one on this board when it comes to commodities. But I have never felt that an investor should ever have one plug nickel invested in commodities. You look at a 100 year chart of equities vs commodities and it simply mak…
@johnN
Can't do better than "ot" for a subject line. Work a little harder, please.
Catch
+1 never click on his links because unlike Ted, he never gives us a summary or heads up about the subject matter.
Merry Christmas and a happy and prosperous 2015. My female hiking companion has banned me from this board (with one exception*) I have my eyes on junk corporates for 2015 but the oil scenario may have to play out there. After today lowered my % i…
clacy, neither here nor there but I have never been a fan of commodities - trading or investing. I was a commodity broker back in the 70s and amazed at how so many now aren't all that much higher than back then. They can't hold a candle to stocks …
At least SJB tracks better than RYILX and AFBIX. I think this is something like the third time in the past 25 years Rydex (RYILX) has tried an inverse junk bond fund and all with terrible results. As for AFBIX the worst of the worst as an inverse …
http://blogs.barrons.com/incomeinvesting/2014/12/12/alaska-north-dakota-wyoming-munis-at-risk-from-falling-oil/?mod=BOL_hp_blog_ii
Something for the muni fans like Dex and I to think about. Puerto Rico is a junk muni while the others are investmen…
http://www.marketwatch.com/story/us-producer-prices-show-broad-based-declines-in-november-2014-12-12
Analysts said the weak inflation trend was likely to continue until next year.
Probably the same analysts and economists (ex Gundlach) who were al…
US 10 year at 2.11% the 52 week low is 1.91%
When will it hit 1%?
Germany, Spain, Italy, UK all lower then the US!
A close below 2% and I pay Heezsafe $250 or if he has disappeared, I simply contribute to David and the board. This will be less th…
This story has been around for a couple months now. But with all the press it is suddenly getting you would think it's new news. Junk corps open end funds topped in the late June/early July period and the Merrill Lynch High Yield Master II Index to…
Maurice, One of Dusty's (RIP) biggest hits was "Wishin and Hopin" That what investors do when they find themselves in a massively underperforming and/or losing fund. Then they use all sorts of rationalizations why they should hang tight.
