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 @MikeM: I hear that at 90% tx bracket there was only one person at the time. It was for Rockefeller. Even that did not mean he was paying 90% of his income.
Update: I misremembered. The Rockefeller top rate was 79% at Roosevelt administrat…
Reply to @STB65: I was at Starbucks when I posted article from WSJ. You can read WSJ free while in store. I know direct links do not work but sometimes if you follow a search through Google you have higher chance of reading. I've posted excepts that…
Reply to @bumine: I did not do much research on WTIFX. One thing I noticed about WTIFX is that it is holding an oversized Australia position and that is probably not helping much this year. It may be a good fund. I think I am biased towards GPIOX.
Reply to @Carefree: OBIOX is a different type of fund. It is not a fund playing in Frontier Markets but rather diversified International Small/Mid cap area. I've posted more at the other thread you started:
http://www.mutualfundobserver.com/discus…
I bought this fund when it was new around 2007 and then I sold the last portion on March 9, 2009. Great timing huh? However, when I sold it, I did not move it to cash, invested in OAKEX and a few others that had longer term history. So, I made back …
Reply to @Anna:
I do not know if Canada has the same prescription drug codes. But I believe Apotex, a canadian company, is licensed to supply generics in the USA by FDA.
Reply to @Old_Joe:
I found that you can identify the pill manufacturer or distributor using those codes. Here is a search site I found:
http://www.drugs.com/pill_identification.html
I found that my Pravastatin is manufactured by Glenmark Generic…
To put it perspective. The Japanese market was up 40% so this is a correction. Yes, it is a big correction but YTD return even after this correction is amazing.
Reply to @hank: REIT valuations are very high. P/Es over 40. The stretch for yield has bid up REIT stocks. I personallly have FRIFX which holds stocks, bonds, preferred/convertible so movements are more modest. Even FRIFX has its stocks with P/E of …
Here is a good chart that shows the corporate structure of Apple. 3 entities in Ireland basically have no country of tax residence.
http://www.ritholtz.com/blog/2013/05/apples-international-tax-structure/
Reply to @bee: Fed did not say anything new that it had now been saying for some time. The most recent refinement was that Fed can increase or decrease QE based on conditions. Prior to that they explicitly stated their unemployment and inflation tar…
Reply to @Skeeter: Actually the issue is that the subsidiary, Apple Operations International, is not a legal entity under US law and unless subsidiary remits the monies back to Apple Inc., the US corp there is no taxable income to pay taxes.
Such s…
Since you like to brag about your high flyers, I pointed to 5-6% loss in a single day and you were in no position to brag.
I was just pointing to the downside of these high flyers, and difficult it could be to stay the course during corrections. To…
Reply to @Shostakovich: The house he lives in was purchases in 1958. So, it is actually 55 years. I was a decade and half off when I said 40 years. Apparently he hashad another house in California which is sold in 2005.
http://finance.yahoo.com/new…
Reply to @bee: I guess I prefer this type of robber barrons. The guy lives in Omaha in the same modest house he bough 40 years ago. Donates to charites, good causes. He even comes forward telling that his effective tax rate is lower than his secreta…
Reply to @TSP_Transfer: The closures are expected as fringe or 'me too' products do not attract assets.
The problem arises for investors if an ETF stops issuing shares but does not liquidate. You are left with something in hand that you cannot exi…
Reply to @BannedfromBogleheads:
If your tax return does not match what broker is reporting to IRS, you are opening yourself up to an audit. The opinion of a number of CPAs do not matter. The decision and interpretation of IRS matters and you can tr…
Reply to @BannedfromBogleheads: Your scheme is risky now that brokers report cost basis to IRS. IRS can see it a sale and a purchase and you have a headache later on if it comes to audit. Ultimately, they are the arbiter of the law. You might get in…
Reply to @claimui: If that is an indication or measure of success, I want none of it. This guy is a fraud. Spend some time reading the second link I gave. Almost everything he says and writes is a lie.
Reply to @AKAFlack:
There are good programs. There are mediocre ones. Kiyosaki was a popular author at the time and apparently volunteered to help with fund drive. Probably his motivation was to increase his audience and increase sales to his book…
Reply to @rono: If it went down to 950, how many of the gold holder would be buyers vs. sellers. At $1300 a lot of gold miners stop being profitable. So, some will shut down and supply will be more constraint from production but the momentum of drop…
Reply to @fundalarm: They have GIC and/or other illiquid assets. The assets that were considered safe were safe until they were not. Now they are more cautious but in good times such caution is thrown out. In the latest round, when DOL decided what …
Reply to @msf:
Hi, the following links mentions lawsuits for some GIC contracts (Unisys Employee Fund mentioned):
http://en.wikipedia.org/wiki/Guaranteed_investment_contract
A few links regarding regarding lawsuits on SVF and SVFs in trouble.
h…
Reply to @msf: I was using the Fidelity inherited IRA page. You are right about the age is that of beneficiary. Here is a good summary. As always there are various considerations and twists.
http://www.moneymanagment.info/inheritedira.htm
Here i…
Have fun with Vegas. It has been more than a decade for me.
I am curious how you reconcile your attendance these money shows with more passive investing approach you have been steering towards as your postings indicate. Do you really gain much from…
There are different rules for a spouse vs non-spouse inherited IRAs. Spouse can simply transfer assets to her own IRA but non-spouse has to take RMD potentially much earlier. I believe it is based on the age of the the owner that has passed away. If…
Stable value funds typically hold insurance contracts. They were once called guaranteed insurance contracts until some lawsuits caused them to be renamed to stable value dropping the implied guarantee. They are somewhat illiquid investments and in t…
Reply to @Charles: is it a lagging, coincident or lagging indicator. The implication is that it is a leading indicator but I am not sure. It feels more like co-incident indicator to me.
Reply to @AKAFlack:
Margin is what pros use – and amateurs who know what they’re doing -
to optimize their buying power.
Or, pros and amateurs who think they know better...
First, I highly recommend you keep your margin and cash account separate (…
Reply to @golub1: Did you click the link that Charles has given to you? It takes you to the M* web where this chart resides. It is available to all users.
Reply to @hank: He was a Political Science Prof. at Univ. of Wisconsin. Apparently, when he was a professor he did quantative modelling of state and local tax issues. I read his blog. He mentions what he is doing for his client but, I do not see him…
