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.
For me it is more about allowing the manager to capitalize on perceived opportunity. In my book it is allowing some flexability to go where opportunity bounds. I have a good number of funds that have this type of flexability ... and, I invested in…
Hi Charles,
Thanks for stopping by.
As I write, better than ten percent of January has come and gone.
Usually there are about 21 trading days in a month ... some months more, some less. With this, these purchases are by no means large amounts in…
Hello, each week in January I look and review the markets for clues as to where I might best position for the 1Q2014. In doing this, one of my best sources of gathering information is linked below. In appears, as I write, thus far interest rates a…
Reply to @bnath001:
If I was going to purchase it ... It would be in a ira type account. Still with over sixty percent of unrealized gains is a lot for any fund to hold by my thinking.
Old_Skeet
Reply to @Ted:
Thank you for the read. My point was that new share holders would be saddled with tax liability for capital gains the fund has accrued through the years should they make disbursement of same. I would have no problem in paying the …
Hi Ted and others,
I know this a fund (SAGCX) that you like to tout ... however, one of the things that held me back from buying it was that it holds a large amount of unrealized capital gains which are currently better than sixty percent as I writ…
Hi slick and others,
For the year my portfolio had a total return of about 14.50% with a year end target asset allocation of about 20% cash, 25% income, 45% equity and 10% alternatives. In comparison the Lipper Balanced Index had a return of 16.4%…
Reply to @cman:
Not Ted here ... But, where I come form it means you are out of your league.
It is really not a kind thing to say to someone. You have to understand Ted, he will challenge you at times.
I'd let it pass and move on ... and, don't…
Reply to @catch22:
Thanks for the update. Back in December 2002 we had what we call the Great Ice Strom that brought the city to a halt. It took three months to clean up and we were without power for about ten days. Thankfully, we had a small g…
Reply to @catch22:
Hi Catch,
I have been thinking of you, rono and hank during the recent Great Northern Winter Storm. I have heard from hank and rono and they seem to be doing fine. I hope all is well with you?
Old_Skeet
Hi cman,
Thanks for the recap. Most of the funds I put money into recently ... I was able to add money around the middle of December just before the upward Santa bounce hit and the fed's announcement to taper. I have thus far only purchased a sum …
Hi Ted,
Here is what my research turned up on the "Nifty Fifty." I have linked it below ...
http://en.wikipedia.org/wiki/Nifty_Fifty
I am not so sure it would be right to coin the term "Nifty Fifty" to my holdings although it is kinda catchy.
T…
Hello again,
Below is a recap of what Old_Skeet has been up to so far this December and has been copied from the post of "What are you buying/selling/pondering?"and reposted here as many of my investment themes found here came from the review of th…
Hello,
Old_Skeet has been accumulating cash during the past year and has been a net seller of equities, during their advancement, up to early summer. I am still with my target asset allocation of about 20% cash, 25% income, 45% equity and 10% alte…
Hi Hank and rono,
Glad to learn you two are doing ok. I have been in winter ice storms in the Carolinas and without utility grid power myself. I put standby generation in about ten years ago since I live in a historical 100+ year old neighborhood…
I have both but only use the debit card at atm’s for cash withdrawals and/or to move money from one account to another within the same bank. For me, the credit card offers more fraud protection benefits along with using the credit card to front mon…
Hi hank, I saw on the news that your area has had a big winter storm ... I have been thinking of you, rono and catch22. I wish my northern friends on the board the very best. It'd be nice if those in the effected areas would check in. Rono runs s…
It's time again to bring this back towards the front.
Merry Christmas Everyone ... Your Christmas card is linked below.
http://ak.imgag.com/imgag/product/preview/flash/bws8Shell_fps24.swf?ihost=http://ak.imgag.com/imgag&brandldrPath=/product/f…
Hi andrei,
Although its lead manager left it appears to be a teamed managed rules based and set strategy fund. And, it's strategies remain in tact much like an index fund would even if it's manager left. I have linked more details from Morningst…
Hello,
I will attempt to answer this by selecting a fund to study NLSAX, Neuberger Berman L/S Fund. I have linked its Morningstar Quote Sheet. Under Asset Allocation … Notice that there are % Net, % Long, % Short columns with percentage amounts l…
The Charles Shawb link below covers the reasons for holding cash along with how much of it should be held as the amount will vary based upon an investor's different needs.
Key points are as follows:
There's always a role for cash in your portfolio…
Thanks Ted for posting.
Indeed a good read. One area that I am looking at is low P/E funds also know as deep value funds. I put FDSAX in this group as it invest one third of its equities in the Dogs of the Dow Theory and the other two thirds in a…
I find Ted's post of value. I sincerely hope he will continue to post articles he feels might be of interest to MFO readers. And, for those that do not wish to read them ... I don't believe they are required reading ... just skip over them.
Old_S…
Hello,
I thought I’d provide an update on slick’s Dec 6th post on short interest. It seems the volume on the S&P 500 Index picked up last week after the fed’s announcement and the days to cover are now at 3.2 as of market close on Friday up 0.…
Reply to @catch22:
Morning Catch, I guess it is fair to say they are hunting with a scatter gun ... hoping what they do will find it's target. Casting a wide net so to speak. Here take some of old grandmother's tonic.
Old_Skeet
Whether it is Dec, Jan, Feb, Mar or some other time ... Old_Skeet has already retooled his portfolio's asset allocation. I have reduced my allocation in fixed income over the past couple of years form a high of 35% within my allocation to about 25%…
Here is a take on how earnings reporting gets managed ... Naw, Corporate America would not do that? Or, would they? Now the question ... How will revenues come in? That might be something to look at, along with earnings, as a way to value a compa…
Hi cman,
That is an interesting point that you make regarding stocks prices have now become derivatives rather than a direct measure of a company valuation. With this ... It raises a question ... How should stocks now be valued? Any idea?
Old_Sk…
Hi Alex,
Congratulations on making 84 years … and, I truly hope you make many more. I have linked the Morningstar report on ALERX. It pays out a distribution of about six percent with no K1 to file. There would be no taxes to pay while held wit…
Hi STB65,
In my thinking now that stocks have become stretched in their valuation by using the old standard metrics the advisors are now saying that stocks should be valued under new light. Again, they are trying to repackage the same goods under …
Reply to @Charles:
Iam not sure if this is the information you seek. It explains how much of a company's shares can be shorted based upon the shares in float. If not, it might provide information for others to better understand the topic.
http:/…
The days to cover are on the rise. As of my last check the days to cover for the etf SPY has gone form 2.6 to 3.2 since this thread was started by slick on Dec 6th.
I have provided a link for those that might be interested in following its short i…
Reply to @hank:
From one BSA Scout to another ... Salute!
The Scout salute shows respect. Use it to salute the flag of the United States of America. You may also salute a Scout leader or another Scout. Give the Scout salute by forming the Scout…
Hi Cman,
Yes indeed I have noticed some sector rotations occurring. Being overweight the defensive sectors which seem to be the trailing sectors currently with the exception being healthcare I am currently trailing my bogey; but, from a risk adjus…
Anybody doing any of the stuff mentioned in this viedo?
I am loading cash ... and, running a conserative asset allocation. Over the past five years it is fair to say my portfolio has gone form a moderate asset allocation model to a conserative mod…
Hi Maurice,
I remember reading and think fundaholic was dealing with cancer ... and, that is dated information, that dates back to the FundAlarm board. I often wondered myself too.
Old_Skeet
Hi Guys,
Now you know why I like to deal with brokerage firms that staff neighborhood offices.
Three that come to mind are Raymond James, Scottrade and Edward Jones. When necessary ... you can get in front of them face-to-face.
Good Luck and I h…
