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Reply to @Hiyield007:
$75 penalty is for NTF funds in the supermarket (i.e. 3rd party) sold within 60 days. It used to be 180 days. Fidelity has reduced this period to 60 days. Schwab on the other hand increased it from 60 to 90 days (I think).
W…
If you have access to JPM brokerage (Chase), they do not charge short term fees other than those charged by the fund company. My 401k plan offers this brokerage access as part of self-directed account.
Speaking of Fidelity, they have eliminated 180…
Reply to @igno2: Sometimes change of owner triggers that you can take your old 401k plan and roll it to a rollover ira if the old plan is being terminated as a result of acquisition. If you have that option, you don't have to move your assets to the…
Reply to @scott: Yes, I was referring to the last leg delivery.
Post Office do not have problem with long distance shipping. In fact, post office outsource some of this long distance shipping routes to UPS/Fedex etc.
Reply to @igno2: At the beginning of employment it might be OK to keep your cash allocation in 401k and invest more heavily elsewhere. At some point, since assets in 401k plan are locked to the plan unless you leave your job or you are allow in-serv…
Reply to @igno2:
They lend "securities" i.e. stocks from this fund, not cash and fund gets paid for doing this.
The short sellers need to borrow stock from someone to be able to short sell it. The short seller will cover the dividends etc. during…
Reply to @Sven: Two other change I note is that they decided to switch to low duration TIPS index fund from actively managed intermediate term one and they are dumping money market fund and allocate that portion to other bonds.
I see that with this fund in place, now Vanguard is allocating 20% of bond allocation to this new International Bond Index fund in Target Date Funds.
Here is the M* article on this:
http://news.morningstar.com/articlenet/article.aspx?id=583860
From what I heard they will only halt mail delivery. They will still continue profitable package delivery on saturdays.
So, unless UPS, Fedex get into the business of low cost mail delivery, the kind that USPS is trying to restrict on Saturdays th…
@Hank, I've already responded but I found the following blog post relevant to you and some others on the board.
http://oldprof.typepad.com/a_dash_of_insight/2013/02/dumb-money.html
Reply to @Charles: I am glad you enjoyed them. I had enjoyed these two episodes back in 2012 and I personally liked to watch them again. Still very fresh today.
@Hank, I personally would not go down too much lower in equity allocation at your age as you still need to plan for 20-30 years in retirement. If you have a very large nest egg perhaps you can do with much lower rates of return but otherwise, you wi…
Reply to @sligo:
It is possible that you are able to access all other sites you normally visit without problem but that tells very little given the size of the Internet.
It is possible that vast portions of the Internet is accessible and you hav…
Reply to @Charles: The following WealthTrack episodes are more recent interviews with McCulley:
Part 1: http://www.wealthtrack.com/previous_04-06-2012.php
Part 2: http://www.wealthtrack.com/previous_04-13-2012.php
I HIGHLY recommend these two epi…
If he has bi-polar returns, I am afraid money will still take flight even with $1 mil. investment minimums. He can tie the money to lockup periods so much.
As Scott, given example the book "Confessions of Street Addict" several times, Jim Cramer, …
Reply to @Skeeter: it may be empirically reflecting the current valuation and corroborating with the M* one at this time. How about past periods? How did the formulation came up with PE ratio of 8 when growth is 0. Where does such an exact number co…
There is a claim that traditional 60/40 is on the way out and tactical allocation is the new thing.
The problem with this statement is that tactical asset allocation which is a kind of market timing has always been around with us. In fact, most ac…
Reply to @scott: I believe certain names are used as trophy managers. Royce funds is one shop that does this. Other funds keep the name of founder etc. so that fund does not look like changed managers if the actual fund manager leaves. I call these …
Looks like a heuristic scheme between stock growth rate and PE ratio with magic number 1/2 and 8 introduced. An example that happens to fall closely to this simplification is used as an example since I highly doubt he can explain the derivation or r…
Reply to @scott: I think AAPL is cheap. These things get pumped up and then live through a period of falling from grace. I remember that Google had fallen from grace similarly.
I do hope some of my fund managers pick up some AAPL at these levels. …
Reply to @Hiyield007: Next time, you can edit and recycle the post for something else if nobody has yet posted. Otherwise, edit topic and add (duplicate) or (ignore) etc.
Here are a couple references that support @MJG's posting:
S&P SPIVA Persistence Report (December 2012)
S&P SPIVA US Mid-Year 2012: Index vs Active Funds
Read the reports. Make your own judgement.
I should note that a lot of active funds…
The 4th qtr was not good for other economies either. UK is going in and out of recession (triple dip recession) Germany, the strongest economy in Europe had its GDP down by 0.7%
http://news.yahoo.com/germanys-economy-shrank-q4-091722735--finance.ht…
If you want gold buy gold, not stocks. The mining stocks are subject to risks other than the gold. The management risk, financing risk, political and region risks, mining exploration and production risks etc. Credit quality of these companies are lo…
If you look at the components most of that was reduction in government spending, specifically reduced defense spending.
Also, economic activity slowed down because of Sandy. Not unlike Katrina and Rita and congress just got its act for the devastat…
"-One potential benefit of managed funds over index funds is if the manager is skilled enough, he/she can shift to some defensive investments, including cash, if and when we enter a bear market. An index fund must remain fully invested. "
A lot of …
Reply to @Skeeter:
Hi,
At the individual stock level it is the beating of the whisper number EPS that matters. If the company does not make it, the stock will probably decline. Companies typically try to guide the future estimates lower and the w…
Also take a look at this: The Wages of Austerity, Yet Again: “Britain's economy flirts with "triple dip" recession”
Another article: UK Continues to Prove That Austerity Doesn't Work
Reply to @hank:
"Perhaps our house should just grab the best 10 balanced/flexible funds, and let the money ride ..."
Yep - not a bad long range approach for a conservative fellow. Problem is: even so-called balanced funds are designed for long-term…
