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.
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?
Here in CT where the wisdom of electrical generation falls heavily on natural gas, yet, NU (Northeast Utilities) is in a tight spot.
Wall Street has blessed the stockholders of NU with significant profits while rate payers deal with management dec…
Not sure what it cost these days is to operate a mutual fund, but I suspect collecting the ER on this fund whose AUM was $1M and then for the fund to have a bad year is a sure recipe for the mutual fund trash heap.
One of the few mutual funds that…
Article include the following comment from Mr Snowball regarding Michael Hasenstab's investment style:
“He’s not thinking like the rest of these people, and that’s the prerequisite of success,” says David Snowball, a communications professor at Aug…
One Man’s Opinon: US Markets Historically Have Performed Better With A Democratic President And A Republican Congress
"US equities will only get stronger from here and the strongest six months is yet to come, said Sam Stovall, Chief Equity Strateg…
@MFO Members: Warren Buffett's latest purchase. The insurer's only new money purchase during the period was 450,000 shares of Express Scripts (ESRX) for an estimated cost of around $32 million
Thanks Ted...he also added to, reduced and sold some …
I also have my wife to consider. That leans me more to taking SS at FRA.
Your wife (depending on her age compared to yours) can collect early on your SS (spousal benefit) if you "file and suspend" SS for yourself. She is entitles to half of what you…
Sounds like JC's portfolio is not very diversified. Using FINVIZ as a stock screening tool I played around with the stock performance setting in the "technical" tab.
Of 6951 stocks listed (I'm assuming JC and I are looking at similar markets):
120…
I maintain FAIRX as one of my largest holdings.
This fund is not for the faint of heart.
It swings for the fences and quite often circles the bases. There are, what feel like, long stretches of strikeout seasons as well. To buy this fund during th…
Sorry I suggest something much more valuable than deductions, that 99% of the tax payers are aware of...
To @TB: I wanted to list the credits available to taxpayers.
Familiarize yourself with these line items and if you qualify you will adjust yo…
My most over looked tax "credit", much better than a deduction was investment tax credits for over 62 yos , not in front me but check it out Form 8880, worth $1000's to seniors....
Credits are far more valuable than deductions, but the point of the…
FISV (Fiserv Inc) seems to have a fairly tight (for a tech stock) rising 3 and 5 year chart. FIS (Fidelity National Information Systems) and JKHY (Jack Henry Associates) chart nicely as well.
Another term that might be important to apply to this discussion (depending on whether the owner wants to maintain holdings that, if purchased after the rollover, might incur high minimums, loads or might even be closed to new investors) is the term…
One thing that is lost in the rollover would be the loan provisions 401k and 403b plans have.
"Loans from 401(k) plans. Some 401(k) plans permit participants to borrow from the plan. The plan document must specify if loans are permitted. A loan fr…
@rono & @mark:
I have been Long/Short CT&FL for the last few years...I short FL in the summer and CT in the winter. Dividends are:
- I never lose my tan,
-open toed shoes and
-fresh produce.
It's an apples and oranges kind of portfolio.…
From a different angle...
Here's a country "exposure tool" that identifies countries specific stock companies that are listed as equity holdings within an etf.
etf-country-exposure-tool/
@jerry & @catch22,
Texas and North Dakota comes to mind with their energy boom. I'll take a stab at this...create a state specific etf that is a combination of state munis and equities.
An etf that provides tax efficient income from state mun…
When a fund has a high "initial minmum" is an investor required to maintain that minmum forever? I have often wonder if an investor could meet the initial minimum and than after the "minimum holding period" lower their balance to a more appropriate…
This also is a fascinating presentation of our universe using factors of 10...starting on a 1 Meter blanket in a park in Chicago.
Pretty cool place we all call home using the power of ten.
https://youtube.com/watch?v=0fKBhvDjuy0
