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 caught Steve Forbes discussion on his latest book, "Money", on Cspan. Gold is mentioned throughout the talk and I assume his book:
Money:
"Co-authors Steve Forbes and Elizabeth Ames talked about their book, Money: How the Destruction of the Dolla…
MINDX has performed well over this year, but as @JohnChisum mentioned India funds have had a history of providing a roller coaster of a ride. This past year, MINDX has exhibited very little volatility as well as consistent upward momentum. As @Junks…
My wife is from Bournemouth, UK and grew up at the beach. She wants to move back to the beach when we get a little older. Is Dunedin a nice place to live.
If you choose to live in FL, USA you owe to yourself (and your wife) to follow the coast and…
St. Pete is OK...Clearwater & Dunedin are better...best Beaches in the WORLD
Try the German Apple Pancakes at the Best Western (on the water) in Dunedin.
Yacht Harbor Inn Dining at Bon Appetit Restaurant
My uncle/aunt helped support the clinic…
@rono, where to now, St. Peter?
One of the best community organization around in "St. Peter"burgh, FL:
stpetersburgfreeclinic.org/
Reminds me of want's really important.
Thanks rono for your help/advise over the years.
Merry Christmas and a happy and prosperous 2015. My female hiking companion has banned me from this board (with one exception*)
Jealousy (splitting your attention between MFO & GF) is the highest form of flattery. You do owe it to yourself t…
@MJG
I actually read your entire comment...Merry Christmas and Happy New Year insight: Keep it simple...and short.
Hopefully, I will continue to enjoy your succinctness this New Year.
Disclosure: We are all guilty of "word-less-ness".
My take:
Lower commodity (input costs) should create the economic environment to "finally" prompt the Fed to raise interest rates which "eventually" will provide the necessary inflation to raise commodities (input costs). Buying commodities at thes…
I am really conflicted....VGHCX hit a dollar threshold where it's due for a 30% haircut per my established portfolio guidelines. The problem is, it's been on fire and I may look back on this as a foolish and profit limiting re-balancing exercise. I …
Here's DXY (US Dollar Index)
The US Dollar has been used extensively in transactions of "Carry Trade".
Here's an article on what may be changing due to the strength of the USD:
raoul-pal-dollar-chart
Article's final line:
"$5trn carry trade — w…
Article never did explain what is responsible for the market bull other than small investors are "bullish" on etfs.
To get out of debt... shake up these four letters, DEBT...geT out of BED...make a big Dog BET...Bet like TED
One more comment...
If your daughter has a HSA (Health Savings Account) she can make a one time contribution to her HSA by moving money from her 401K to her HSA account (considered a one time rollover). This, in a sense, allows tax deferred dollars…
An additional "bonus" will come in form of a tax credit. If your daughter maxes out her personal 401K contribution at $18K (you mentioned that this might equal 1/4 of her entire income) her reportable income might open some additional income based d…
If your daughter could max out her 401K contribution for 2015 she would receive both a tax benefit depending on her tax bracket as well as a 25-50% company "bonus".
Here what I think it might look like:
Another Article on the topic:
"US producers have locked in higher prices through derivatives contracts. Noble Energy and Devon Energy have both hedged over three-quarters of their output for 2015.
Pioneer Natural Resources said it has options thro…
"The bigger question might be at what point does an investor have too much in healthcare? "
When Health care investments start earning less than the Stock market as Whole, that would be a good time, if we live long enough to start seeing declines in…
Turnover ratio is one of those statistics that should be colored coded in my opinion. According to the website Investopedia:
"Mutual fund turnover is calculated as the value of all transactions (buying, selling) divided by two, then divided by a fu…
3) start another business...have thought about this seriously. Was lucky once, but so much government regulation now. As you probably know, I don't like that! ;) Also have learned to manage downside risk by reading MFO forum posts...lots of tha…
@Accipter,
Discussion+ seems like a nice addition. Thanks also for the spell checker feature as well as the ability to use all the tools when editing a comment.
"This means that you could invest $10,000 in a mutual fund and the next day receive (and be taxed on) a $4,000 distribution – even though your total investment in the mutual fund is still only worth $10,000."
Yes, but you have more shares now.
And…
Not sure what percentage of the equity market in held in taxable accounts, but this year might have higher than average tax related maneuvering come December.
Probably more of an attention grabbing headline event rather than a market bear...
"Inv…
From the article:
"In our view, an interesting alternative would be to own high-yield bonds but then hedge the interest rate risk of the portfolio. In this approach, investors are able to isolate their exposure to credit risk while reducing their e…
@Old_Skeet,
Thanks for sharing your investing process down to its granular level. I get a lot out of your "tweaks" and your self reflection as I am sure you do as well.
Looking at your fund choices, you hold almost exclusively actively managed fu…
That said, I don't know who's right, and with so many people calling for LT bonds to fall, it certainly would be a contrarian trade to bet on their continued appreciation.
Thanks for the article.
Here's my take...help me if I'm missing something…
Another way of looking at this is, what's a better investment a mutual fund or the mutual fund company's stock?
Of the two best stock performers:
Here's PRWCX vs. TROW:
Here's MCCPX vs BLK:
Might be good for mutual fund companies stocks...TROW, JPM, BLK. Here's a chart which includes a few other mutual fund companies that offer shares of their company (Legg Mason, Federated, Franklin Templeton and Alliance Bernstein). BLK is a standout…
Q's:
1. Doesn't more QE (from ECB, Japan, and China...etc) act to push interest rates even lower globally?
2. Until QE ends, shouldn't LT bond funds continue to appreciate in price?
Here I charted FAIRX's performance over the last 12 years along with the equities his presently owns and when he approximately first owned (using green arrows) these equities according to M* data:
Consuelo: "Lastly, what should everybody own in a well diversified portfolio?"
Bruce: "AIG!"
My conclusion: Sell FAIRX and buy AIG...I hope he didn't just shoot his fund in the foot.
Seem like a convenient way to diversify as well as ladder a bond portfolio without having to own individual bonds. Pooling these bonds into a larger etf portfolio would seem to lower the impact of default risk.
I like the idea...thanks for posting…
Looking at PVFIX today. A Small Value fund which presently is holding 49% cash. What might be interesting to consider is a recent purchase by this "cash/SV" fund. It recently put some of its cash to work with the purchase of RM, Regional Management …
I wonder if ex-pats who prefer out of country healthcare, but file taxes with the IRS will have to pay the new "No Health Coverage" Tax penalty? This tax looks to be about 2% of income for 2015.
I like his quote regarding investing discipline:
"You need discipline... to sell because you’ve been correct or to sell because your analysis has been incorrect."
How many of us sell because our analysis has been incorrect?
