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 @msf: You are assuming the tax rates will remain the same between now and retirement. I personally believe tax rates by my retirement is likely to increase. Also, while I am enjoying certain deductions right now, they will not be available …
Reply to @msf: If you have $13.3K and $10K in roth it does not make a difference for 25% tax bracket but when they are of equal amount in Roth is more valuable.
For $13.3K, I might have to take more risk. However, for a lower Roth value that is ta…
I personally think the tax benefits of Roth account is too valuable for me at retirement to go too aggressive on it and lose money (opportunity cost). So, I prefer my Roth accounts to be a little more conservative. However, I can just to be a bit mo…
Reply to @Sven: Yes, data from China is very unreliable but most charts point to slowdown. Here is the full chartbook on China by Ed Yardeni
http://www.yardeni.com/pub/CHINACB_BB.pdf
Reply to @Sven: Looking at the tax revenues the internal consumption increase was not able to offset the decline in exports.
http://blog.yardeni.com/2012/07/china.html
Reply to @Sven: That was the idea. I am hoping that the manager duo will produce returns similar to early ARTIX performance.
I do have the majority of my foreign exposure in ARTKX and FMIJX. FMIJX is newer and I do like FMIJX a lot. I consider the…
ARTHX a tiny fund which is the growth leaning global fund at Artisan. There is an expense waiver holding the expenses at 1.50% otherwise the expenses are naturally high given the small size of the fund. Managers have done great with this small asset…
Reply to @kevindow: There is a limit of Unrelated Business Income. If your K-1 indicates UBI you might be subject to taxes even if the monies are in IRA. I've had a few leveraged ETF's issuing K-1 in IRA but UBI was 0 so no taxes was due. If you hav…
Reply to @claimui: You are right. I've added Affiliated Managers Group (AMG) to the title so people could make better connection. Thanks for checking out and the feedback.
Reply to @Maurice:
Mo, $30, 1500 mins talk or text plan is still available if you convert to pre-paid on T-Mobile. I've set up auto-recharge with credit card so it is painless to use and since I don't have a contract I can drop them if they do not…
Reply to @catch22: If you get a smart phone from phone companies, typically they come with a contract of 2 years and you have to subscribe to data service as well to covert the subsidy they are providing for the cost of the phone. Sometimes phone co…
Reply to @Maurice: Count me in the club. I am still on an 7 year old Motorola Razr phone (T-Mobile). My Razr is now on 3nd battery with 2 cheap battery purchases from Amazon.
My wife and I had these phone in a family plan, when her ear speaker die…
Reply to @MaxBialystock: What is the problem? This is normal for bonds which unlike equity has a definite end date (maturity). Bonds mature and gets replaced with new ones. The turnover will probably be higher as duration of the fund is shortened.
Two Hong Kong Billionaire Developer Brothers Formally Charged With Bribing Former City Official
Besides the bribery charges, I see this interesting snippet:
"Land is the primary commodity in Hong Kong. The government owns all of it. To build on it…
Reply to @catch22:
I do occasionally look at FEDDX but I already have WAEMX which has similar investments and performance. For someone looking for an alternative to WAEMX (which is closed now) FEDDX may be a pretty good alternative.
Reply to @Sven:
After a bit more due diligence, I decided to take a chance on GPIOX and GPGOX. Since I have to shoot out a fund from my portfolio, I've sold out my small but relatively long time investment in OAKEX and bought GPIOX since both cov…
Emerging markets make up 9.5% of MSCI or FTSE All Country Index. So, if you are targeting EM exposure 10% exposure will put you around the index weight.
Reply to @Sven: Now, the spin-off funds are limited in research resources vs the more established former funds. The question is how much the research that the fund manager received while working for the bigger more established firm mattered in retur…
I held this fund for a while. It is a conservative fund and generally stays conservative so you will probably see a lot of dry powder all the time like ICMAX, ARIVX.
Reply to @catch22: I misused the term though late Peter Bernstein's Book "Capital Ideas Evolving" discusses portable alpha and PIMCO Stocks Plus fund were also discussed during that discussion. Stocks Plus funds in PIMCO also invest in derivatives a…
Reply to @fundalarm: You are right I've misused the term. Portable alpha requires 0 market risk basically beta is hedged away and return is only generated from alpha. Anyway, I meant this fund is attempting to generate alpha over other pure stock fu…
Reply to @MaxBialystock: If you are in a low tax bracket now, it is a great opportunity to invest in Roth as during retirement people may actually be in a higher tax bracket because during retirement exemptions etc. do not exist and you cannot shelt…
This fund and other similar funds from PIMCO is attempting to deliver alpha by investing in derivatives to get exposure and investing collateral used for derivatives for additional income. The holding disclosure should not fool you to believe that i…
I believe Fidelity bought these shares prior to the IPO (i.e. when it was changing hands in private exchange) and they were purchased at much lower prices than IPO. I do not have have a link right now but I remember reading it somewhere. I am not su…
Reply to @Sven: While the ticker stayed the same CUSIP has probably changed and Fidelity has not installed the page under new CUSIP. Even if the page was there, the minimum purchase is often overstated than really allowed.
If you try to put an orde…
Reply to @msf: My understanding was that they were raising the LIBOR during the period of less demand by banks for inter-bank to profit more from loans made.
You can check the status of sectors from Lipper reports (thanks Ted!)
http://www.mutualfundobserver.com/discuss/index.php?p=/discussion/3463/lipper-performance-report-as-of-6512-yardsticks-indexes-as-of-6612/p1
I think Natural Resources, Commoditi…
Reply to @Sven: I do not have latest docs but from the earlier SEC filings there are 3 share classes:
Investor
Service
Institutional
There are no loads but different levels of 12b-1 and "other" expenses that makes the total expense ratio different…
Equity:
YACKX + YAFFX
AKREX
ARIVX
FLPSX
ARTKX
FMIJX
Allocation/Mixed Asset:
GLRBX
PRPFX
FRIFX
Note: I have some smaller fund positions that I've actually held much longer than some of these but currently these are my largest allocations which I ho…
I do not know the circumstances of your position but my wife was claiming that my account was hacked because she was getting spam with my email displayed as "From" addresses.
The issue is spammers got hold of my email address (from other people who…
Summary:
* Oppenheimer, Goldman Sachs Exit Target-Date Industry
* Calamos Hires Value Team
* Franklin Names New Comanagers
* John Hancock Shuffles Managers
* Legg Mason Proposes Mergers
* Managers is dropping fees for some funds
* Etc.
Reply to @Hiyield007: Hey welcome back and I hope you stay around. You make good discussion and I am sure there would be others wishing you stick around and bounce ideas every now and then. I am sure David can arrange you to get your old FA handle a…
Reply to @MarkM: This fund compare to Ultra Short Term Bond funds and floating rate bond/credit funds.
Most of those funds in 2008 was investing in sub-prime mortgage bonds to generate higher yields than money market funds, this fund is investing i…
Reply to @Sven: These so-called "financial advisors" are not held to the fiduciary standard and firms have been battling against the imposition of fiduciary standard for so long.
They are really brokers despite their various titles and the only re…
I use M* Portfolio manager tool.
You can create either transaction or watch portfolios. Transaction portfolios require more maintenance but tracts your performance more accurately over time (dividends, splits etc.).
I track my performance using …
