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.
Reply to @catch22:
I follow you on the weird looking lines.
What I realized is that the dma chart lines on M* are impacted by the time frame of the chart you have selected. So a 600dma will not show up until you are looking at at least a 3-5 yr …
Reply to @scott:
Recent Jim Rickards interview:
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/12_Jim_Rickards.html
Also, Rickards thoughts on where Libya gold is:
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/1…
Reply to @Old_Joe:
Thanks OJ for the link...I'll pick up a box of band aids as well...do kids today appreciate that ebooks have spared them the dangers of page turning and the terror of paper cuts?
Thanks Catch... your inquiry prompted me to update my overall portfolio through TR Price's free link to M*...I didn't realize I was so conservative. Cash is in the form of Munis (USATX) (taxable acct). Bonds and Stocks are part of Roth and Self Di…
Reply to @Old_Joe:
Hi OJ,
I also agree with the author that the dynamics of fiat currency is counter intuitive to most Americans. This is dangerously true when these Americans are the ones we have put in charge of our country (congress) and those…
Reply to @MikeM:
Hi MikeM,
Here's the position:
"As a value investor, Yacktman initiated a new purchase of 2.95 million shares worth $73 million. He invested 0.8% of the portfolio in RIMM and owns 0.56% of the company."
Article:
http://seekingalp…
Thanks investor...
I haven't come across any comments by management with respect to their recent purchase of RIMM...anyone come across Yacktman thoughts on this large purchase?
Reply to @MikeM:
Thanks MikeM,
I like the simplicity of your plan. Part of the problem at our mom's ages...hopefully our ages one day... is the spend down dynamic. My feeling is that a portion this money needs to be in a "spend down investment". …
Reply to @johnN:
Hey JohnN,
Thanks for the link. I catch this radio telecast over the internet...Its a great show that I am able to listen to it a few days after it is broadcasted at this link:
http://www.tristar.us/news_radio.asp
Love and respe…
Reply to @catch22:
Wow...thanks for the comprehensive response. I completely understand the dilemma of too few funds trying to covering too many bases. I will digest your suggestions over chips and beer tonight. I appreciate the thoughtfulness tha…
Reply to @BobC:
I have also felt the "whack"...kinda like...whack-a-mole-in-a-mining-hole. Gold, the metal, is so much more the emotional trade...store of value...I just feel as though tha best vault in the world is in the ground. I have hesitated…
Thanks OJ,
Here's my suggestion...a "Buy America Bond" program for Greece :
Greece's greatest assets are its vacation real estate properties. Greece needs to put together an "own a piece of Greece" bond program. The government structures a "timesh…
Thanks Hank,
Let not forget that we, as investors, are taking all the risk. So even when the risk goes against the investor the brokers still collect their 1-2%.
Hi Catch,
Thanks to you as well for your commentary and portfolio updates.
I have a question for you that plays off of your fund boat. I am going to try and create a 5-10 year draw down portfolio for one of my mom's investment bucket. She is 88 an…
Reply to @Investor:
Thanks Investor...surprised that no one spoke of RIMM...here's his cConsula Mack Interview that happened back in June of 2010...worth a listen:
http://www.yacktman.com/wealthtrack_disclosure.html
Hi msf,
Jeff Gundlach address efficient portfolio construction with this chart in which compares the typical 60/40 conservative portfolio to a multi-asset strategy. The devil is in the details.
Here's his slide...part of a link that Catch22 provid…
Hey JohnN,
The Phrase I heard lately was: "Buy the Banks...Short Apple". Long Term this might be the right call, but could also be dead money in the medium term. As far as the bank go...I'm thinking some very smart managers must be positioning them…
Reply to @catch22:
Thanks Catch,
The second...longer presentation at the NY Yacht club is very revealing...Dexia (Belgian bank), Unicredit (Italian Bank), and Intesa Sanpaolo (Italian bank)...big holders of Greek debt.
Maybe Belgium and other European countries sold some of their holdings to bail out their banks. Belgium announced they will buy their Belgian retail bank Dexia...Belgium needed $4 billion to buy Dexia...Dexia holds $700 billion of global credit risk…
Reply to @MaxBialystock:
Hi Max,
Seems to be working on my end...try to click on the title of each. This will take you to the actual website. The play button in the middle of each video does allow me to stay here and watch. Maybe their are some b…
Something I came across today...
JPM's Dimon buys some "stock" in the NYC Police Dept...
"JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the fou…
Thanks for reminding me Scott,
I bought and sold WWNPX as well but my biggest disappoint came out of the momentum of the 1990s. Most funds got piled into after the money had been made...I fell victim to the classic "chasing a falling star" syndrome…
Another great article and embedded videos from the Washington Post..."he wanted you to be great and he was going to make you do that"...
http://www.washingtonpost.com/blogs/innovations/post/steve-jobs-apple-pixar-and-inspiring-innovation-video/2011…
Thanks Red,
I like JME's weightings...
70% equities...selective multi-national companies that have a global footprint...wide moat...selling at a discount...providing consumer staples (products/services) to the growing markets of the world.
Here a…
Reply to @scott:
Man, what a crazy end of the day...these kinds of movements make me realize we are dealing with a market that trades on rumors and perceived risk / reward. Many investors must think that the market is like an out of control kid wh…
Reply to @johnN:
As you may recall I took profits from my position in VDE and used those proceeds to buy EDV back in the spring. As VDE has dropped in value EDV has soared. I took profits a little early on EDV...went to cash in July...EDV is up an…
Reply to @scott:
Thanks for the lead on Micheal Lewis Interview...here's Kyle Bass whom Micheal Lewis refers to in his interview:
http://www.businessinsider.com/kyle-bass-greece-will-default-and-it-wont-be-orderly-2011-9
