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 agree with the recommendations in this article based on technicals. Hold/take profits on floating rate or bank loan, hold or reduce high yield, buy short-term high yield and emerging market bonds. High yield munis not mentioned here are still goin…
@tip, why not give some details of the fund and the announcement so you can get meaningful response?
If the fund is imposing a redemption fee on existing shares retroactively you may have some means to complain.
If the fund is imposing a redemptio…
Typically by the time articles like this come out, the asset class has topped at least in the short term.
GDX had a nice run since mid Jan bouncing off of 20 SMA all the way up (@bee this is the smoothed technical version of your higher and higher …
It is exploiting buzzword investing. :-)
Just like conference organizers that make money by organizing topic conferences for the latest industry buzz words, the ease of creating mutual fund creation has led to the same phenomena in creating funds. …
Typically, the narrower the slice, the more the fund moves from core to satellite to momentum buckets for the reason to invest. Follows from the increased volatility in being more focused.
Assuming people look at their portfolio as core and other b…
I think most of these are designed towards investing in companies that stand to gain by increased infrastructure spending which is not a given in the political theater that is Washington. Railroads will have significant economic activity but not nec…
This is the Walk Street equivalent of NAR's it is always a good time to buy. Confuses correlation with causality for its conclusion.
Both Disciplined Dave and Hapless Harry were lucky enough to invest in a historic period where the demographics and…
Real nice bounce back in Europe today. EWI I bought last week in the play portfolio, when EWG got stopped out with nothing to show for it, had a 2.81% pop.
A well diversified global portfolio did very well today, a departure from the situation for …
Guinness - even the locals don't think their own pubs serve good Guinness on any particular day because it has everything to do with the cleanliness of the pipes and whether the bar tender had a fight with his wife that morning and so not pouring it…
would you explain your investment thesis?
Thinking about to start a position in RSX or ERUS, any thought on this?
Explain the investment thesis? Do you work for Bill Gross or an investment bank or something? :-)
Not David but in my view,
A simple…
No, thanks. I will stick to my 2x inverse short for China until pumping like this is able to reverse the trend.
Taiwan and South Korea are doing much better than China from the positive effects of tech industry on their (smaller) economies.
Is this for real or has April 1 come early?
If real, this is colossal stupidity to reuse fund names that will create more confusion for people currently holding any of these funds. Especially in third party brokerages, in reporting, cost basis comp…
These are very good resources to know for tax related questions. Thanks.
Regarding HSA, the tax advantage is great especially if you can build up a decent balance in your healthy years, keep that unused in a no-fee account with decent investment ch…
Be careful about investing in broad EM funds. The recovery is very uneven between the countries and different funds will do very differently based in their allocation. For example, EM funds with larger Latin America exposure are doing worse than fun…
@willmatt72 based on his history here seems to have an uncanny ability with his ambiguous and partial specifications to act as a Rorschach test for people here to push their favorite fund/strategy/tool. :-)
I agree that this planner is a used car salesman equivalent and not to be trusted.
Read the general comments on dealing with a financial planner in my recent reply in a parallel thread which is similar advice I would provide here.
mutualfundobserv…
First, anyone who thinks their financial planner is a professional and a good one should watch this TV commercial
CFPs, like real estate agents and masseuses vary a lot from charlatans to experienced experts.
The first red flag is recommendatio…
Seems more like a spin/misunderstanding of how the price sorting works on Amazon than intentional price hiking for prime members. Some lawyer looking for a big payout of several million giving out $25 vouchers for everybody in a class action settlem…
Less risk than a $100k portfolio and more risk than a $10M portfolio. :-)
But seriously, any meaningful answer to this will depend on your income situation until you retire (how much and how likely it will continue) and whether you can save from it…
Biotech is no longer a rising tide lifting all biotech stocks. May just mean some consolidation and mean reversion amongst them as the support level I mentioned last week (IBB around 255) has held for several days. This is a good sign.
I would stil…
Some balancing in the core portfolio. Trimmed technology and health that have had a nice run up and bought Treasuries including TIPS.
Pondering utilities and emerging marker bonds in play portfolio. Got stopped out of some of both long (EWG, EWH, E…
Basically, you walk into a store and you download an app. There is one of every size clothing item on display (way less floor space needed). You scan the tag, indicate your size, walk into an assigned dressing room and the item pops out of a chute.…
What proportion do you think is not representative of performance-chasing ?
Problem is that the methodology used has zero information about the reasons for and distribution of the flows between different reasons for the flows in or out. It is a net …
Garbage in garbage out. M* didn't calculate any actual investor returns, it effectively calculated the returns of a hypothetical investor who had the same monthly buy and sell behavior as the ner fund inflows and outflows for each month and said tha…
I have almost zero knowledge of how Herbalife works and whether it is legit.
But given the amount of lobbying it has done relative to Ackman in amount of dollars spent and its moneyed backers, this move by FTC, I suspect, is precipitated by Herbal…
I believe actively managed ETFs actually HAVE to publish daily holdings unlike index ETFs for price discovery reasons. Also the baskets published to APs for index funds don't need to be entire holdings but a small subset.
Vanguard will either wait …
I am scratching my head at how some people overthink these things when just the daily movements in NAV can potentially wipe out several times these marginal tax benefits to make the decision to wait for distribution a crap shoot. :-)
Do you mean a fund like what Jacob Internet fund (JAMFX) used to be during the dot com bubble? :-)
This fund learnt a lot from that fiasco and has become a much better fund but they won't invest in the kind of companies you likely have in mind afte…
In my personal experience, I see two groups of "losers". One group that attributes their success entirely to skill. Another that attributes the success of others entirely to luck. Neither achieve much in the long run only talk a lot.
I don't know a…
@mrdarcey, an excellent post.
I find striking similarities between the advocacy of passive investing and celibacy (humans are too weak to resist the temptation otherwise as we "know from history", denial of the downside of the suggested path such …
Good sheets to have.
I would also add the following site to bookmark for researching ETFs. Use it all the time especially since you can see how any category is doing on any given day.
etfdb.com/etfdb-categories/
Klarman and Bogle are talking in different contexts.
Klarman doesn't use a fully diversified index portfolio for his investment decisions and needs to be aware of the market conditions.
Bogle is talking in the context of a fully diversified indexe…
Just to reinforce my point above that there is no free lunch and that all fund selection must be done in the context of a portfolio allocation plan, I recommend reading the following article before considering the above VALID recommendations for mak…
Yes, suggest you look at short term high yield funds (highlighted at this site for their mis-classified M* ratings) or high yield munis which are doing well with improving economy (HYD) as part of a diversified fixed income portfolio or go with a mu…
