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.
Short Side of Long has a PM post worth a read:
expect-bounce-precious-metals/
Bounce has been in play today...checking to see if the cat is alive and clawing.
After reading a few of Lamberts shareholder letters and his desire to focus on more of an online membership run business, not solely a retail box model, I am reminded of a more successful membership run company, Costco.
Sears could learn a lot fro…
Taking this a bit further out on the limb of phyiscal possession of metals and minerals. It seems we undervalue the importance of mining companies and the resources they own.
It seems to me that mining companies (that own establish reserves of meta…
From linked article:
"The rub with Sears remains that the retail operations are difficult for the average investor to separate from the valuation of the assets that go far beyond the real estate holdings. Investor after investor proclaims the compa…
A Japan fund not mentioned in this article is HJPSX which though it has a very high ER has performed very well. Here is HJPSX compared against the article's chart references
DFJSX and SPY:
Bee, THOPX is ~ 90% investment grade (mostly BBB) and OSTIX is more than 90% non-investment grade; I don't think you can call those similar holdings. Making a choice between them involves a portfolio allocation decision.
Your correct with respect to…
How about Thompson Bond?
Take a look at OSTIX...similar holdings...shorter duration...better results:
They both seem to be Short Term High Yield funds, yet M* doesn't categorizes them that way. THOPX is a 5* fund in the ST Bond category and OSTIX is…
Just me, but if I were printing money (FED, ECB, BOJ, ...Ted?) I might toss some of my QE upon the Metals and the Miners while everyone else is filling up on cheap gas.
Very interesting chart! Yes I would have thunk lot of miners would be international. Or could it be they sucked up the place and the index gradually dropped them? That would explain things too no?
I follow your logic, but when I look at M*'s Region …
@VintageFreak,
A correlation that seems to have changed recently is the performance of EM funds verses PM funds. Prior to 2011, there seems to be a fairly high correlation between Emerging Market and PM equity funds. Not sure what changed since 201…
@msf "It's effectively a Roth conversion (an HSA is much like a Roth), but without paying taxes on the conversion."
That was my thought as well, but now you have me thinking.
Presently I recieve only a pension income (which is not considered earne…
equities introduce other risks as they correlate with other equities more than with the underlying commodity.
Great point..."equity premium" feels more like "equity discount" on the downside.
VGPMX testing its 2008 low at today's close.
Article presents a half truth with this quote:
"The mining stocks benefit from leverage to the metal. As a result, a 2% allocation to precious-metals equities equates to a roughly 5% allocation to bull…
What really is distressing is that MFO will not recognize WWWFX as a mutual fund symbol.
Just unlucky I guess...KINAX and KINCX are brethen funds. Still WWWFX is the only no load and has the lowest ER of all three. Maybe a technical question ito Chi…
>>
Not quite a sophisticated reading of the history or the events or the reasons.
This is sort of a start, and droll as well:
Taxing Growth:
"Taxes drive a wedge between the market value of an activity and the amount received by the produce…
Are investors (in the U.S.) the ONLY people who make money (capital gains) then bitch about it...?
I've never heard a ditch digger say "well I'd dig another ditch but you know I'm going to have to pay taxes" just wondering?
TB,
As I recall, Massac…
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…
