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.
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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
@Ted Actually, I will say that because A. I'm not some person who is constantly out to shill for himself and B. You don't actually post my articles most of the time. You post links to Cetusnews, which is a site expressly designed to work around payw…
@Maurice But surely you recognize that there is no purely Capitalist or Marxist regime, that a thriving black market for capitalist goods exists even in the most ostensibly left-wing countries and now because of the worst currency devaluation imagin…
@Maurice You disappoint me. Where's your sense of exploitative capitalist adventure? Didn't legendary investors Baron Rothschild and subsequently Sir John Templeton say "Buy when there's blood in the streets?" In Venezuela's case, that's literally …
Some of the prices described in the linked Venezuela article in dollars are absurdly cheap,like being in a time warp: 5 cents for a coke, 42 cents for a pizza and cocktails, $2.40 for a hotel room, $40 for a six-day guided tour all-inclusive.
I do think you guys are displaying a rather shocking ignorance of currency differences for members of a financial web site. The more another country's currency is crushed, the more a visiting American becomes like a king: https://stingynomads.com/tr…
@vintagefreak It's in the Implementation not just about the Design.
Exactly. I have a lawyer friend who recently pointed out that the Russian constitution is remarkably similar to our own with ostensibly the same liberties. Being a lawyer, he noted…
The problems in many Latin American nations have little to do with socialism or capitalism and everything to do with corruption and a failure of government institutions to respect the rule of law. If you think Venezuela is bad under a socialist regi…
Largely I think it’s another one of the fund industry’s ambiguous marketing terms, but when I hear it I usually think of value stocks and often small cap stocks that are depressed but have some unusual catalyst for improvement— the potential for a m…
@MSF
Yes, but so what? This does not refute my statement that tax considerations are a stronger motivating factor for the elites than others. The hoi polloi could be leaving for a variety of reasons having nothing to do with taxes, while the fewer e…
@MSF
IMHO it is important to be clear what one is talking about. If one is talking about how strongly higher income taxes affect people's motivation in moving, then (a) one should be stratifying based on income, not wealth, and (b) the research show…
@MSF In the paragraph after the one you cite is this graph:
However, persistent millionaires also have the lowest overall migration rates. One-time millionaires have an overall migration rate of 3.2 percent, compared to only 1.9 percent…
@Ted From your article: More Californians are moving from the Golden State, particularly lower-income residents, although even middle-class residents are saying goodbye.
Note the article isn’t referring to millionaires or wealthy fleeing, the subjec…
@catch22 I think some of these banks should rename themselves as the Other People's Money Bank. As long as it's other people's money, these ne'er-do-well bankers feel they can do what they want with it.
Someone with time on their hands should see how the funds/managers on Bee's list of annual winners subsequently performed after winning. But then I just found this:
investors.morningstar.com/news/cmsAcontent.html?t=SEQUX&resourceId=582142&s…
@JoJo26 You mean like these? news.morningstar.com/articlenet/article.aspx?id=321713
I guess one out of three--Herro--ain't bad. In baseball that's a darn good average.
@MSF Vanguard may categorize Treasuries as level 2, but I don't know a single money manager who would say they need to fair value Treasuries and can't get a market quote almost instantaneously on the run of the mill ones. By contrast, for a long tim…
The thing is someone who is wealthy doesn't have to move from a high tax state to a low tax one because, well, they're wealthy. They can pretty much afford to live wherever they want. And those who would be willing to move solely for that reason pro…
@Wxman123
Read pages 28-30 of the semiannual report:
prospectus-express.newriver.com/summary.asp?doctype=semi&clientid=ambeacpdfll&fundid=024525313
Floating rate loans are similar in their pricing to the subprime debt for the IOFAX fund dis…
@VintgeFreak I am saying look at page 24 and understand that this is the same kind of subprime mortgage debt that caused the crash and Region Morgan's meltdown:
alphacentricfunds.com/funds/IncomeOpp/presentation.pdf
However, much has changed in the …
@Ted
No, when the going gets tough, the tough have their hands out like everybody else, but blame people with darker skins than theirs for wasting their tax dollars:
https://theatlantic.com/politics/archive/2017/02/gop-base-poverty-snap-social-se…
Imagine a stock with only one share and you own it and get to determine how it’s valued. While an exaggeration, that is sort of how I imagine some of these unusual debt funds. Much of the risk is idiosyncratic. Everything appears fine so long as A t…
@BenWP The concrete gesture would be to buy a socially-responsible fund that excludes gun companies from its portfolio or if it owns them, publicly engages with those gun companies via shareholder resolutions to get them to change their ways.
@Maurice I think it is a relevant topic but you are Intentionally "provoking readers into an emotional response" by demanding public commitments to boycott from board members and comparing the lead activist in this campaign to a fascist dictator. Th…
@Maurice
https://en.wikipedia.org/wiki/Internet_troll
In Internet slang, a troll (/troʊl, trɒl/) is a person who sows discord on the Internet by starting quarrels or upsetting people, by posting inflammatory,[1] extraneous, or off-topic messages in…
@MSF
https://medium.com/the-esg-advisor/mutual-funds-that-own-gun-stocks-need-to-divest-or-engage-2196647257d7
An excerpt from Hale's article:
Here’s how BlackRock tried to wash its hands of the issue in a statement to CNBC last week, “As a signi…
@Ted Last I heard Laura Ingraham, Bill O'Reilly, Hannity et al didn't turn away lucrative book deals for the greater good, yet somehow they're not punks or like Mussolini:
https://google.com/search?source=hp&ei=PqnYWtXGJcKB5wKN-rv4AQ&q=laura…
