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.
A couple reasons come immediately to mind:
a)Use of leverage -- leverage will amplify the results of one's investment bets. If an investor bets wrong (which may be explained away as 'being early' or 'staying too long') the leverage amplifies NAV d…
The author of that piece is engaging in journalistic malpractice.
Let's talk about that 95-year (1920-2015) period cited..
a) No individual investor's investing timeframe is 95 years. Not when an investor is beginning his/her their accumulation p…
I seem to recall that in the 1980 election (and for a year or 2 after the Gipper won it), the political opposition continued to demonize Reagan, and viewed (perhaps even coined) the term 'Reaganomics' as a slur. In fact, much of the media, of which…
Always, ALWAYS book taxable losses. - You can immediately replace the position you are selling with something similar, but not identical. --
The only thing I would add: its not necessarily a best practice to wait til year-end to do this...
PRESSmUP: "Hate speech has consequences." ??
Yes. Here is a link to the consequences of hate speech, including a running body-count:
295 dead bodies in the most recent week.
http://www.thereligionofpeace.com/
DM, you too (like the Lyncher), seem to be more concerned by those who are concerned about securing the country, than by the people perpetrating these perfidies. Apologizing for the Fifth Columnists in this country.
By the by: a)You don't need t…
Dex, your bouncing your head against a brick wall, trying to argue sense with some of the folks here.
Hussein Obama seems to believe the occasional murder of our citizens by Islamic immigrants as an unfortunate, but eminently acceptable cost of c…
Mike said: "And Edmund, statements like the one I highlighted below just define you as a narrow minded extremist in your own right, at least in my opinion"
Reply: “Narrow-minded extremist”. Stay classy Mike.
Mike is unable to refute the an…
DM: "Of course there will be knives, duh. No one is handwaving about ending aggression. The point is to do something meaningful about weapons with no purpose whatsoever other than the speedy murder of numerous persons..."
Reply: This thread was…
LB:The founders had a word for a bunch of farmers marching with guns without government sanction: a mob. One of the reasons we have a Constitution is the founders were worried about the danger posed by individuals acting like a militia without legal…
The SanBernadino shooting are an act of terrorism, not a simple “gun violence” or “workplace violence” issue. – Keep in mind President Hussein Obama prefers to “define away” acts of terrorism – the Ft.Hood shooting – which was an act of Islamic ter…
Pardon my ignorance, and I am inquiring sincerely here (not rhetorically):
What is the value that PAID users receive from M*.....? What are the top 3 things that paid (vs. free) users find most useful...?
Would the measures/bill proposed have stopped these shooters? -- That is, are the proposals (drafted in RECORD TIME after this terrorist action) tailored to prevent repeats of THIS act of terrorism or tailored with other political objectives?
…
M* just posted a timely article re Alt-funds, including trailing 5-year asset-weighted returns of Alt-funds vs. other OEF asset-classes, and separately showing those alt-funds by strategy.
http://news.morningstar.com/articlenet/article.aspx?id=7…
Good interview.
I always pay more credence to an interviewee like this, rather than the ( more common type of) interviewee who superficially predicts "9-10% upside over the next year" (which is the long-term average return, albeit with frequent and…
Not all funds are on all broker supermarkets.
If you want to nudge the process, call up your broker, and specifically request they add your desired funds their fund platform.
Actually, for anyone looking for a global bond fund, I'd suggest they look at a not-so-obvious choice which is right in front of us... Pimco's BOND ETF.
Ostensibly, its an intermediate/core bond ETF. However it seems to be able to deploy allocat…
I caught this article in my hardcopy WSJ.
Kinda thought it was an out-of-place article. Zweig's column is supposed to be about finances, not other-than-financial stuff. I think Zweig just doesn't 'get it' re the circumstances of young people tod…
Anytime an investor dumps his/her alt-funds is the RIGHT time for the investor.
One performance attribute which I expect from an alt fund is consistent, absolute returns. If they cannot consistently deliver positive results, why not just buy someth…
matt, actually, those 2 funds are both superior funds IMO.
MWTRX is general intermediate bond fund which holds corp, govt, and mortgage debt.
DBLTX is strictly mortgages. As for figuring it out -- the manager "barbells" the portfolio - holding a…
A Brasilian investor who loves Brasil, but is candid enough to admit its not a buy (even after these steep declines).
He certainly sounds like someone who should be given a lot of credence.
matt:
a. I would not select an investment for purchase due to its tax-efficiency, regardless of its investment merit. If you find munis (for example only) a good value here, then, I suppose they can be considered a possibility. But even in that ex…
One glaring defect of our Constitution is that the Bill of Rights limits the power of government -- but not of private parties --- powerful private parties, including corporations -- vis-a-vis individuals.
Its understandable the drafters of the Con…
There is no need to hurry to buy. Doubleline isn't the type of firm which quickly closes its funds. Wait. Make certain JG performs well vs. the competition, and read a couple of their annual/semis FIRST to make sure their positioning makes sens…
Punching the numbers into a spreadsheet, I get a 5.3% annual price increase (assuming 3500 is reached by EOY in 2025.
That's not a stretch. -- In fact, its fairly conservative and may reflect secular headwinds of aging demographics and normalizati…
Global warming causes 'rise' of 10-20 inches in Wisconsin:
http://www.cbsnews.com/news/snow-piles-up-beyond-expected-amounts-in-wisconsin-illinois/
Global 'climate-change' sets a record in Chicago:
http://chicago.suntimes.com/news-chicago/7/71/1…
FAAFX has a cash reserve of 24% of NAV per GoogleFinance. But also 23% in a single stock.. Sears (SHLD). Very strange that a go-anywhere fund (can own stocks and bonds) would throw 23% in a single equity --- seems to 'echo' Sequoia fund's 30% pos…
Update: On 11/16/2015, Verso released its Q3 results.
Included in the results were management comments (essentially) that Verso is "going concern" risk and that they don't have adequate liquidity and that "restructuring" is a real possibility.
…
Krauss' concerns are absolutely legitimate -- especially about ETFs failing to approximate NAV during moments of market stress.
OTOH, Krauss' concerns are self-serving too. -- lower-fees which ETFs provide are working counter to the profitabilit…
Burns' anecdote about bullet holes is "folksy" alright.
I might piggyback my own folksy oversight: WW 2 Army airmen were often required to fly into enemy fire, in order to accomplish their mission. -- The result (from Burns' anecdote) some pla…
A sovereign "making" its people do anything is the antithesis of liberty. Whose money is it, mine or Uncle's? -- I worked for it, not Uncle.
Besides if "my" government is going to force me "save", will it offer a competitive real return? --…
Many things are at/near 5 year lows, including emerging-market equities (EEM), emerging-market debt in local-currencies (EMLC), most commodities (DBC), MLPs (MLPI). Looking at a 5-year chart, without doing anything else, and drawing inference…
Residents of Mumbai can afford to be more optimistic ---many of them hold 'American jobs' (i.e. jobs servicing the American economy) which formerly were, and properly should be held by Americans. I speak/correspond to/with them with ever-increas…
Yeah, once I get my 1st $ 1 BILLION I will consider a 90/10 allocation...!
I have in my possession an old (~1960s era) edition of "The Intelligent Investor", written by Buffett's one-time mentor, Ben Graham. In it, he discusses the topic of asset…
The article title alludes that 10 MM jobs will be DESTROYED. In effect, my proposal would punish job destruction. Job destruction (by throwing humans out of work and substituting robots) should not be subsidized, it should be penalized by tax poli…
pcallum: a moment of reflection will reveal that it's not possible to tax a machine, as they have no income nor autonomous existence (yet). What will the state do if a machine doesn't pay? Put it in jail? Attach it's bank account?
Reply; Perhaps …
Consider -- you use a human taxi driver -- a portion of his income is taxed. You use an automated driver, no such tax. That needs to change. Humans should not have a higher tax rate than machines.
The Feds (and the states) need to IMPUTE …
"Catch up?" "Catch up" to whom? Thanks to a) trade liberalization, b)open borders, and c) HB1 visas, employees are competing less against other OECD countries, and more against the grinding employment standards of poorer countries.
Employer…
I-bonds yield is based on inflation, not interest rates. If interest rates go up BECAUSE of inflation, I-bonds will pay more. But if rates move up in anticipation of-- and choke off -- inflation, I-bond yields may not increase much.
Essentially,…
