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 immediately started buying things at Amazon in an effort to help keep the light on here at MFO using the JP Morgan Chase credit card...Glad you're MFOing again!
Sorry folks, but the government has this in the bag. Simply no way out. They tried, they lost. Best just get on with it. Cant win 'em all.
I would rather, berkowitz focus on his next 10 bagger. In fact, if he incessantly focuses on this loss is whe…
CB mentioned tax managed funds. USBLX holds both tax free munis and the S&P Index both allocated at about 50% each. What I don't like about the fund is the 1% fee it charges. If I were to create a tax managed portfolio myself I would own these t…
Seems to me the government could have "bought" all outstanding shares at a reasonable market price which would have partially compensated shareholders. This would have made the government the sole owner of preferred shares and allowed them to procee…
Here's a related article with respect to a rising dollar and commercial traders who are 40% net short.
" If the commercial traders are correct about the dollar reversing course and heading lower in value, then this will have profound implications a…
If history rhymes this just might be a good year to dca into additional shares of FAIRX.
Similar to 2011 when the fund was in the 100th percentile of LV funds, 2014 is looking much the same. The fund was in the 96th percentile as of Sept 30th so I…
Don't confuse the currency with the companies. The article points this out in a short one liner:
"Where should investors now take shelter as Japan’s monetary expansion threatens to send the world crashing down around us? Ironically, the answer Edwa…
Interesting Read:
"How are Fannie and Freddie doing today?
Much better, but both companies still have a very long way to go. Thanks in part to rising home prices, Fannie Mae in August posted its largest quarterly profit since the crisis began, mar…
Someone once said,
"Don't fight the Fed."
I guess that's especially true in Fed-eral court.
Who will profit...the Fed, private investors or both?
"Fannie Mae in August posted its largest quarterly profit since the crisis began, marking its secon…
Yes, they have. The lack of common decency (never mind responsibility, ethics or morality) in the oil industry makes me want to puke.
OJ...Would you try and do that around the back side of the filling station...the key is on the counter.
Looks lik…
@MFO Members: I recommend ignoring both Pimco and Janus, and try a little Fuss, or Gaffney.
Regards,
Ted
One might want to wait for Gaffney's ETMF (Eaton Vance Bond ETMF®) to come out and see what it looks like - it's in registration now.
To put …
In 2007 Bill Gross saw things most of us missed in 2007ish. His failing, if he has one, was under estimating the length the Fed was willing to go to unwind the situation.
BONG HiTS 4 BILL GROSS! (excerpts from 2007 Pimco Insight publication):
calc…
@Junkster,
Not sure if you caught this interview with John Miller from Nuveen:
advisorperspectives.com/videos/Investius-Muni_Issues_featuring_John_Miller.php?WT.rss_f=CommentaRSS&WT.rss_ev=a&WT.rss_a=Muni_Issues_featuring_John_Miller
I made and lost fortunes as a young kid. I gathered it a penny at a time, under a mattress, on the doorstep of a paper route, or at the end of a cleared path of snow. Fortunes were made and lost weekly. I treated money like a sport fisherman...catch…
Thanks JC and OJ,
@Old_Joe with regard to"Japan’s economy- Fingers crossed"
Funny story:
Years ago my father gave my mom a similar memo...she went on to have 8 kids.
My great aunt, the nun, wanted her to follow the memo; "Legs Crossed".
On th…
Sear's shares (SHLD) are down over 9% as of 3:37 pm today.
If my math is correct, that means about 100M shares of SHLD are down $3.17 which equates to a loss of $317M of shareholder value in one day.
So much for the $400M loan Eddy, the market j…
In a tippy-toppy market leverage can also bite you in the itty-bitty bottom.
Also, it's my understanding that Closed End Funds directly can be harder to liquidate (sell) than a mutual funds implementing the same strategy. I don't own River North O…
Pay attention the the potential positive ripple effect to other Chinese internet stocks in general. KWEB is an etf that might be one way to participate in the supporting companies.
M* list of KWEB's top 25 holdings:
portfolios.morningstar.com/fund/…
I grew up in New Britski, CT...where many Polish immigrants worked as machinists at "Stashoo Works" (Stanley Works, New Britain, CT).
Great people the Polish.
Thanks to the polish mathematician who deciphered Germany's Enigma machine during WWII…
Bond laddering is certainly an excellent approach for investors who hold for the long term and buy individual issues. Buying or holding bond mutual funds in these uncertain times with a lower duration is another.
TPINX duration is 1.6 years. They …
I think the thing is this: if you have any sort of long-term view with these holdings, this doesn't matter, as the move in interest rates last year proved to be a buying opportunity for interest rate-sensitive names.
I have read and understand bond…
Interest rate sensitive stocks down today. MLPs down as well. Concerns over rising interest rates.
Can't wait for when a concern become a full fledge worry...I need a drink, anyone seen the punch bowl?
http://seekingalpha.com/news/1977095-end-of-the-iron-age-as-iron-ore-prices-slide-to-five-year-lows
Thanks for the article...some comment quotes:
"strong companies that control metal deposits are a good place to be. Strong means with manageable …
I also try to chart a fund's NAV. With daily price changes an investor can monitored the trending of the price (calculated with dividends) and determine whether their investment is either making "new higher lows" (trending upward) or making "new low…
Could an investor think of the commodities sector as an inflation hedge?
Companies like Rio Tinto (RIO) or BHP Billeton (BHP) pay an solid 4ish% dividend.
One advantage is no short term trading fees on etfs. In fact, Vanguard etfs at Vanguard Brokerage have no transaction fee when buying or selling.
I will say that performance can vary when comparing Vanguard's etf to their comparative managed fund …
All of these Roth conversions have also helped pre-fund the tax coffers of cities, states, as well as the federal government.
Roth IRAs have many other benefits other than just estate planning. For a young investor with a limited income, there are…
