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Good article. Very true, indeed. Frankly I rarely pay serious attention to much of the official financial news media anyway for just these reasons (and more).
Zweig's "Wall Street Devils Dictionary" from last year is an excellent read along thes…
If I read you correctly, you're saying rather than use 1 index fund, use several to base my exposure? I'm not sure how that changes anything since you'd still be using market-capped vehicles -- just more of them. :)
If you don't like that indi…
LB: Bingo!!
I think far too many people confuse 'low costs' with 'indexing' .... speaking for myself only, I'd prefer low-cost low-turnover active management over low-cost indexing in nearly every instance. (Plus, most indices are market-cap-ba…
I forgot that thread, but I must admit being fairly pleased going on 10 years with TD Ameritrade, starting back in my active futures / day trading days with ThinkorSwim.
Or permabear Marc Faber.
how talented a forecaster one has to be year after year as the market is going up, to say the sky will fall? Less and Less talented with higher and higher probability of being right. While of course most people only remembe…
We paid a load on a bunch of AF A-shares back in the early 00s when we transferred our full-service portfolio to (then) AG Edwards and let the new broker/FA manage part of the portfolio .... and before we really looked into/thought about loads. All …
Yes, it closed a few months ago --- but I think BobC is referring to a hard close where even existing shareholders can't add more $$ to their positions.
The fund is already closed to new investors.
Balvenie is my go-to scotch. I prefer the Carribean Cask myself, but they're all excellent.
Hey, guys. I was just checking my MATH, is all. I'm mathematically challenged. I'm holding, not adding. And for the New Year, THIS was a real find:
http:…
LOL. You forgot two:
1) "Average investor" also: probably buys high, sells low, and while they may read on their internet device they don't do serious due diligence before taking action in the markets.
2) "Average investor" = someone with some…
I guess in the age of near-ZIRP 3-4% is considered a 'massive' dividend. Speaking for myself, that's always been my floor when evaluating dividend stocks for the long term, plus their growth prospects/trends. (Several of these stocks I've owned fo…
Another reason why I don't own any funds with WFC in a major top-ten position. (I sold PRBLX when WFC became its largest holding.)
Also why i refuse to own bank preferred stocks that have non-cum dividends -- I don't want to be the one holding the…
FWIW saying, the site (both premium & forum, beta & classic) has been in various stages of hellish dysfunction for over a year. When they do fix something it's one step forward, several different steps back. ;/
I guess also it depends on the type of REIT, too. Malls, gov property, retail, residential, medical all probably will have different risk profiles in the new administration/Congress.
Was Bridgeway overrated? It may be the best of the bunch (quants), so perhaps the question might be rephrased as "are quant funds overrated?"
I think they are, generally speaking. IMHO the "less quant" a quant fund can be, the better it prob…
@Sven: LOL, probably, yeah.
I believe JP Morgan's (the guy, not the firm) market advice from the 1920s is still valid: "Markets will fluctuate."
"of the major asset classes, emerging markets remain the cheapest and we recommend tilting portfolio…
Hank - no offense taken! And yes, the modern Templeton isn't Sir John's, that's for sure. :/
In their defense, I've held their tax-free FKTIX in my portfolio since (I think) the late '80s, and also think their utility/income funds were pretty g…
Points taken about Templeton - I don't necessarily disagree w/the counter-arguments there, although I was referring to the firm and not just a specific fund.
I'd go with Templeton. Not just because I finally sold out of TGBAX last month after several years, but the firm just seems to be way behind the times in terms of offerings, fees, loads, and so forth. I was also less enthused by the firm's proces…
Whenever I see managed futures coming back into fashion, it tells me to tread carefully -- ie that people are getting a bit exuberant and that the next market 'top' may be coming into view. Not that I like managed futures myself - if I want to us…
Which is funny b/c the same day a few inches below that article was a questionably-written M* piece saying that specialised / sector / niche funds (ie health care) were not really a good idea for investors. (They are, if you know what you're doing…
That's not surprising. I do think many of his voters/supporters are in for a rude awakening when they find out that a) he can't do all he promised, b) some types of jobs are simply obsolete and NOT coming back, and c) what he does may well end up…
Getting the SARs and ARs from TGBAX, I haven't been on the Franklin website in ages -- but in poking around there this evening, I see the following items/updates, which were NOT distributed to shareholders via the same channels we get 'regular' fund…
Don't know, didn't ask! I won't worry much ... if I can't, I can dump it and buy GIM if I want the exposure.
Are you sure you can buy more shares? I've spoken with a few brokerages who have said that they'll let you hold these shares, they'll eve…
Reduced considerably my multiyear holding in TGBAX (pretty much a scratch trade, made a tiny profit as I recall) and I'm down to a 6K toehold. Holding mainly to keep access to that class of the product for when global/EM bonds return to favour.
Ha…
Each AF manager is responsible for a given 'sleeve' of the portfolio based on their expertise and have the discresion to act independently of the other managers. (I think ... think .... they only really compare notes when there may be the potential…
I'm not a BH or indexer but these quotes are all solid words to live by. Though surprised Merriman didn't include a "costs matter!" quote as well ... but that might be from Charlie Ellis maybe.
Clearly you missed the entirety of what I (and others) were saying over there -- posting the same link in multiple forums just is not polite, and it makes David/MFO look bad, too! As I said over there and will say here as well, I do appreciate many…
These robo advisors and algos are great until they're not. Waiting for when they all simultaneously freak out and move clients into/out of positions, churning their accounts, roiling markets, and more. Robos work nicely in trending markets -- b…
At the moment I'm stalking a bunch of equities - GE, BCE, VOD, NHI, several others, including some smaller utilities. Hopefully they'll hit my buy points (which I established in April) during any election-related volatility.
I plan to move more …
MJG - good points. I sure wasn't intending to paint all fund companies w/that sentiment! Some, like VG, TRP, and others, are indeed quite responsible in such outreach, I think.
Hi Rforno,
Thanks for your post. Not all professional organizations a…
More like why the fund marketing departments will love these rolling averages. Remember how responsible FAs and others (ie, MFO readers) were saying in 2013 beware of the 5 year returns being hyped once the '08 crash 'fell off the radar' on that c…
Or just burn through a few thousand more airline miles for a 'new' subscription. I do that every few years with Barrons.
After your $52 subscription is over, you'll get an offer to pay the corner-office rate.
TD has minimum buys of 100 and 250 on the low-end for many funds I've stumbled across over the years, so I think you'd probably be okay.
@LLJB. I've successfully gotten over falling in love with ANY fund. So I don't want my shares to be grandfather…
Ohhh! Do they come with frequent flyer points or AMEX rewards? I'm so in.
rforno, at some point, I am sure an F-8-E share-class will be offered. As to whether it will have the cost attributes you specify, it may! -- Or you may need to hold ou…
