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.
Reply to @Junkster: Speaking of bank loans, the link below is not very encouraging to bank loan longs ala myself. I had said in a previous post this would not end well but until the message of the market (pure price action) says sell will sit tigh…
Reply to @AndyJ: OSTIX is like you said, basically a junk bond fund. But you would have been much better off the past many years in a plain vanilla junk fund ala WHIYX.
Albeit, WHIYX likes to hold some bank loan funds among their mix of lower rat…
Reply to @SlowLane: Because I am leery of anything bond related, I am hoping its 25% cash cushion will mitigate any downside while at the same time allowing me to exit if need be before any real damage to my account. These bank loans funds have h…
Talk about an ugly chart. Take a gander sometime at GROW over the past 10 years.
The link below shows Holmes purchase history, a few hundred here and there with total holdings of almost 132,000 shares. All in all, not all that large for a stock …
Reply to @msf: >> Strictly on numbers, IFUNX has held up well ("modest" loss of 1.38% in June, no other significant monthly losses since May 2012), but I don't know anything about the fund.
Something I have been meaning to post for a long time. If ever there was an indictment for safe, conservative, no risk investing, it's the table in the link below showing the average balances of those who have *both* a 401(k) and an IRA. Yes, I r…
Reply to @scott: Can't argue with you at all on that particular one. But overall, in a year of double digit gains of 20% and more there seems to be a lot of discussions on losers and underacheivers ala SFGIX, AQRNX, and ARIVX, to name just a few. …
Apart from MOO which is agricultural stocks, agricultural commodities has not been the place to be the past 30 years+. I use to trade agricultural commodities back in the days and was a futures broker for a short time in the early 70s. Comparing p…
Reply to @Charles: Charles, I actually hope it works out well for you and proves all the naysayers (myself included) dead wrong. You are a hard guy to dislike.
Reply to @Ted: What you probably meant to say is you would never have bought it in the first place. Vintage Freak made a comment about his wariness of experts (which I agree with) But at least Inker has a verifiable track record in his fund at G…
Stansbury is a real piece of work. He was fined 1.5 million dollars for security fraud in 2007. He also has been predicting economic collaspe for the U.S. via an online 2011 internet video and infomercial. You can read all about him in the link b…
I mentioned this in a previous thread but non agency debt is also the primary reason Dan Ivasyn of PONDX fame had prospered since 2009. While I can't predict or forecast any better than anyone else it sure seems the boat has already sailed for bond…
Reply to @fundalarm: There's one in every forum isn't there?? You may want to research the archives (under hiyield007)and dates beginning where I posted some of my biotech stocks. Let's see SNTS at 13 now over 24, NPSP at 9.80 now over 18 and the…
Reply to @Mona: Hi Mona, you have been spot-on with OSTIX and it held better than many during the recent decline in junk. If your choice was adding there or buying VWEAX I would add to OSTIX. I much prefer WHIYX in that sector and it is really ta…
I think it is game over for PONDX (PIMIX) and not entralled with PDI. But then I am a buy strength, sell weakness kind of guy. What surprises me is the lack of discussion about the one area in Bondland that has survived the recent carnage and tha…
Investor, I've always considered you of one of the more enlightened on this board, even more so considering your youth. I have no doubt you will be just fine financially in your senior years.
The fund industry has done a masterful job over the recent years pandering to investor fears of another 2008 meltdown by coming out with a slew of (mostly underperforming) alternative funds ala risk parity, long/short, etc. I would have thought th…
Reply to @johnN: John, you really, really need to quit listening to the pundits. They don't have anymore of a clue to where the markets are headed than anyone here on this board or elsewhere. As for being late to the party, some have missed the …
Reply to @Charles: Charles, although I believe moving averages are far too lagging of an indicator if you are into timing, it's better than having no exit plan whatsoever. I am glad to see you coming around to the concept of momentum. That said, w…
Meanwhile, in the real world (open end bond funds) junk's losses were very muted and many of the floating rates bond funds were unchanged.
Edit: Personally, I would never touch a bond ETF, but then that's just me.
Reply to @Investor: I may well be back in junk early next week. While I wouldn't recommend it for everyone, I micro-manage my positions and each and every day is a live or die day for me. I am an absolute fanatic about limiting my drawdowns to as…
Reply to @Investor: I was just getting ready to post. Anyway, when I am wrong I admit it and it looks like I was premature getting back into junk last week. I had thought a supportive stock market would put a floor under junk. It's hard sometime…
Reply to @Investor: I am glad you brought that up. Somewhere in the archives I mentioned what would get me out of PONDX and that would be a 1% decline from highs. I used 1% because it had been in a tight rising channel for almost a year and there…
Reply to @Investor: Thanks, I figured since I said Hiyield007 was going on a posting sabattical until 2014 this would be one way to get around that proclamation. Plus, as of last week back around 25% in junk bonds (WHIYX) Will ramp up more tomorr…
