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 think the mandate of the "unconstrained bond" funds - global or otherwise - is changing so that Gross runs it. As long as Gibson does not feel sidelined, things should work out. Not sure if how many funds one manages defines one's compensation at …
I'm on the side of Bill Gross. We are not talking of bull market manager here. You do something 30+ years consistently, pride and self respect can start getting confused with ego.
I wish him all the best, but he should have started Gross Total Ret…
The only manager at Janus worth his salt is Gibson Smith. He has been Janus' bond "king". This development bears watching. I cannot imagine Gibson Smith is happy.
I grew up in Canada. My father was a fireman, he didn't know a stock from a bond. He invested all excess in Canada Savings bonds for the children's education. It worked out well for me. I was able to go university and study music with no student deb…
Just saw video linked above in the article. It is alluding to the fact people actually carry it in their front pocket. Hmm...
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Seems like we have a choice of whether part of the phone bend and stick into our peewee or our bum. The fairer sex I'm s…
Frankly, people shouldn't be putting phones in their back pockets. I'm hardly defending apple, but if you put your phone, any phone, in your back pocket, then you should have two reasons. A flat bum. And regardless, don't sit down with phone in your…
I should have eaten well and dressed better, brought a lexus. Instead I invested in the stock market. Money markets were yielding 4%, auto loans were 3%. I bought and held stocks and THAT money, I lost it all.
That's the thing about technical ANALysis. It "works" because everyone thing it "works". The power of crowds :-)
It is good reading tea leaves has not reached critical mass. While I hear, alignment of the planets and stars do provide signals on whe…
I would rather just go to fund website and get the SAI. Why rely on M*? While I admit I have found a fund with no website, or one which had one but did not have SAI on the site. In that case M* or brokerage site can be of help. However, this should …
TD Ameritrade. Sucky brokerage, and now I learn the one bright idea they inherited, they trashed.
One day, when most active funds go away and only the few deserving ones remain, and the pickings are slim, may be someone will start George Black bro…
@VintageFreak, You do know that when you pick up the phone to answer a telemarketer that call is time stamped so they know when you are home. They share that info of course so you will get even more telemarketing calls.
I see what you are saying. …
Not sure why they closed Global Reach to new investors so soon. I guess they have confidence existng shareholders will invest more. GPGOX while closed is 3+ the size of GPROX. I don't recall when the closed GPGOX to existing investors, but given its…
In my neck of the woods the scam going on is someone calling saying I own money to the federal government, the caller impersonates a real cop at local police station. Everything but the phone number left to call back is someone else. Even the caller…
@Tampabay - I wouldn't call it a mistake, a misfortune maybe. I certainly wasn't living beyond my means although my ex was certainly trying to make up for my failings in that department. However you are correct in stating that I had no money for inv…
I bought FAIRX when it was in the dumps in 2011. I guess I am just going to stick to my guns and just ignore the tape. Let Berkowitz do whatever he wants. At least Fartiromo has left CNBC and he is not fawning all over her. Incidently I think that w…
To early to ponder. I've been keeping my powder dry and have a hit list. Market has to correct lot more.
Some of these funds I have owned in the past but sold in keeping with my When vs Why mantra. I will wait patiently and if I'm wrong will not la…
I didnt have any money in the twenties. One advice for anyone at any age is manage your debt. Never live beyond your means. Dont do something because your friends are doing it. If you dont fit in with a crowd, find another or be a loner. I personall…
No, not at all what I meant. I guess this thread got intertwined with 2 different stories. I was commenting on the phenomenon of people lining up for weeks to buy a phone (i.e. the businessinsider link). The waste of human capital that could be doin…
As a tax payer, not so hilarious. Nobody gainfully employed has that amount of time to waste.
No Sid. 007 wouldn't approve, even with all those free gadgets he gets every movie.
I'm sure you don't mean it that way. There are a lot of people of who …
I also have a account with American Century Brokerage which is actually Pershing. No issues with them either.
JC, I actually didn't know that. How are the NTF options at Pershing? And do they offer any load waived funds ala Schwab and Fidelity?
There is also one more thing we don't talk about here. Some of us live to see SS go bankrupt. Those that started taking payments at 66 might get something as opposed to those who wait till 72 and get nothing. I am not counting on getting anything fr…
err...so he is filing for a fund toward the end of 2014 ?!?!?! Maybe he has flexibility to SHORT the long term bond too. I mean no law against it. That's gotta be it.
I firmly believe most investors are not dumb. They are just convinced by Finonsensical Asswisers (Copyright pending) they are, so they can milk them and in some cases swindle them outright.
True Story. The bell rang about an hour back. My better ha…
We clicked that link? We did! We did !!!
Good one JC. Bill Gross is not on that list anymore :D
"All-time" has a lifespan. I'm waiting for an article that says ...
Tom Jones has researched the top investors of all time and the results of their stu…
@VintageFreak - I don't think the comment by Mr. Lynch is bogus at all although I have no data, numbers, statistics or Monte Carlo simulations to back up my statement.
You, me and Peter lynch. Which is why none of use should say anything.
I don't u…
@MikeM: I glad you said it, instead of me. I blame it on the medications for holding 3-Alarm Funds.
Regards,
Ted
If there was a pill for you, it would be a blockbuster drug.
Sorry the $ amount of fees is relative to the asset base. So I think that's less relevant. At least they got 7.1 return. People here have already lamented about hussman generating $10M in fees (well $3.3M actually since 66% goes to charity) and gen…
I am not so sure about this one. Seems to me they are seeing how much returns they are generating for OTHER investment shops and want a piece of pie for themselves. If they truly want to do this, open your own fund an terminate agreement with subadv…
Calling all Quack Doctors. Hush!!!
Now then, 3-alarm funds if I understand correctly are compared against returns for its category. I surmise someday because of this even RPHYX will become one. Who's going to sell when that happens?
One needs to l…
Diversification is a planed effort to get back to mediocre performance, I prefer better.
Hear, hear. It is excuse to charge more ER for closet indexing active management.
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch
True in the 90s. Not true in the 2000s. Not sure when Lynch made that comment. F…
This post got me thinking. "Market Action". Those words stuck in my head because of Hussman. HE has been ignoring "Market Action". I haven't read him mention that for some time now.
I have some serious researching to do.
In my experience E*Trade has been the worse brokerage. Next worse is Ameritrade. Followed by Merrill Lynch. I'm not going to even talk about E*Trade and Ameritrade. Too painful.
I've been happy with TD Ameritrade. One thing I particularly like a…
