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.
Although my channel #'s are different you nailed it Ted. My kids would argue that Sons of Anarchy are worth whatever they pay to watch it but I don't know a thing about it. Hard to get decent, reliable, speedy anything out here in igloo land but I g…
Honestly regarding this type of funds, market neutral and long-short included, do those that invest in them own a position large enough to offset what is going on with the rest of their portfolio? Specifically, what was/is the overall impact on a do…
The reasons were the same reasons many invest in a mutual fund to begin with - exposure to a credible manager(s), diversification of holdings, not enough capital to invest on your own and so on and so forth topped by a hope for better results than o…
I, for one, agree with that premise but I'm biased since I've been doing it for a number of years now. Do I beat the S & P 500 every year? Oh heck no but that's not my bogey. (However I have beaten it over the last 5 and 10 year periods) As long…
@Tampabay - I wouldn't call it a mistake, a misfortune maybe. I certainly wasn't living beyond my means although my ex was certainly trying to make up for my failings in that department. However you are correct in stating that I had no money for inv…
Bought Softbank and a couple of muni bond CEF's but otherwise I'm content with just collecting, and in some cases reinvesting the dividends on stuff I already own. I am thinking about taking a position in GSK merely for the sake of diversification w…
My story mirrors everyone else's here pretty much. I had no money in my 20's, heck, I had none in my 30's either. However, once I caught up and caught on it's been learn, learn, learn and put away what you can. I've been gently banging it into my ch…
With apologies to Scott if he's already linked or discussed these articles. Do note that they are nearly a year old at this juncture.
WSJ take
http://online.wsj.com/news/articles/SB10001424052702303643304579109023202738550
Barrons take
http://onli…
Well I can vouch for the fact that active management is certainly not dead in the minds of Morgan Stanley CFP's. I recently met with one with respect toward management of an inheritance and the portfolio design he constructed consisted of nothing bu…
Having raised a millennial I can truthfully say "they are their phones, their phones are them and their lives." They are lost, hopelessly vegetated and in the throes of despair without them.
If you want to have some fun and view a boatload of angst…
I'm letting Softbank do the fighting for me at this time and probably forever. Like you my portfolio is fairly well set currently and I don't have the tools or savvy to mess with IPO's out of my field or comfort range.
Separate me from my money. Oh wait, that's on me and my investment decision making process.
I have had accounts with Fidelity for over 35 years with nary a problem. Fast, efficient, courteous customer service all the time and nearly all hours of th…
Hey Ted, give me the line on whether it halves or doubles. Frankly I see a Facebook here in terms of pricing and the real story might be what Yahoo is able to do in selling their shares.
@VintageFreak - I don't think the comment by Mr. Lynch is bogus at all although I have no data, numbers, statistics or Monte Carlo simulations to back up my statement. What I do know is that no one can accurately predict which way the market will mo…
rjb, I've owned the fund since inception. I guess that would imply that I have confidence in the manager. While he's had a few blowups, including some that appear to be with his people skills, I can't complain on the returns in the FAIRX fund.
@ Scott - you state that Fairholme owns 23% of Sears.
Seems to be a lot of discrepancies (at least at M*) over how much Fairholme owns of Sears and 'when' they actually bought it. M* shows Fairholme (and I assume they mean the fund) owns 13.35% and…
Count me in Maurice, cash is King unless I'm forced to do otherwise. Too much hacking and data theft these days at even the major retailers for my tastes. Also, in my neck of the woods, the latest activity has been to steal the credit card readers o…
I always get a laugh when I use any tool on the Scottrade website no matter from whom or where it originates. Check out the listing you get when you look to see the industry peers for nearly any individual equity listing or comparable funds when res…
Honest to Pete! If folks are making financial adjustments/decisions on what a moose bellows/brays/bleats, or whatever moose do, then they really need to rethink their goals and objectives. Sorry, but what a waste of time.
Whether this is true or not nobody knows. What we do know is that for anyone who jumped on the Richard Kinder or Kinder Morgan train early, betting against him has been to their detriment.
I dunno if they get paid or not but it sure makes the price of Professor Snowballs monthly commentary, whether one thinks it's too lengthy or not, look like quite the steal don't you think?
Maurice - there are no KM preferred shares at this time. I personally don't expect any any time soon either.
Scott, interesting that old Cramer wants to take credit for standing up for Mr. Kinder yet not enough to take a stake. There's conviction f…
