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.
There are several features I like from each board software.
wwwboard is a text file driven board software and files needs to be trimmed occasionally to keep performance in reasonable levels. I think a database driven software is a better option. I…
Congratulations.
To make it relevant for fund discussions, the blockbuster drug Lipitor from PHE is coming out of patent protection soon. I would start gradually moving it to more diversified fund like YAFFX or YACKX.
Reply to @andrei: Earliest history of this fund was under a different management. It is sort of a derivative of Harry Bronwne's Permament Portfolio. It has components that do well in each market condition. Right now, 2 or 3 of its 4 cylinders are on…
I came here to post about it. The news got out fast apparently. Here is info from a more mainstream sources. ;)
http://news.morningstar.com/articlenet/article.aspx?id=447477
http://www.bloomberg.com/news/2011-11-17/legg-mason-s-miller-to-exit-main…
Keynes tried different investing approaches but he settled in Value Investing. He was a very successful investor and made a lot of money on the funds he managed for the college and insurance company. There are a lot of similarities between Keynes an…
Among college students there may be a trend towards a Mac Book since its 'sexy' and they do not have to deal with corporate issues. In fact, Mac in school environment has always been popular. They typically do not have to deal with business world co…
Here you go (from M* free Portfolio Allocator tool):
Cash: 18.32
U.S. Stocks: 34.07
Foreign Stocks: 30.87
Bonds: 10.31
Other: 6.43
Not Classified: 0.00
I have 20-25 years to retire.
Reply to @MaxBialystock:
Here's what I'm holding right now:
1) Cash: 0%
2) MAPIX: 34.24% (Trad. IRA)
3) PREMX: 41.83% (rollover IRA from old 403b)
4) MACSX: 3.12% (regular, taxable investment account)
5) PFE (Pfizer) ---already a piece of the inhe…
Reply to @MaxBialystock:
Max,
I agree with Scott that 43% on one fund, sector is risky. I think while the portfolio is different, MAPTX will probably not going to give you enough diversification either as you will still be heavily leveraged to the…
My understanding is that he did not post in a forum. Instead he posted at a blog at the bottom of the articles. Without knowing the contents of his post it is hard to side with Max or M*. But M* has a right to remove any content that they see inappr…
Mark,
Both of your old gear are really old. They are not appropriate for modern apps and loads. I think you should get a new one.
I think you will be very satisfied with a current Lenovo i3 or i5 based laptop for your business needs. My alternativ…
This is concerning both parties and ironically in this respect congress seems unified to do nothing about it. :(
Obviously it is not illegal and thus there are no crimes. But, common sense says this should be illegal. It is simply wrong!
Yeah you are right that the list includes ETNs and ETNs are different than ETFs. Perhaps the author should have said ETP (Exchange Traded Product). Anyway, most of the gimmicky ETPs will be gone. They have miniscule trading volumes.
Reply to @Old_Joe: I don't think Mark has problems running his Mac. So driver update etc. is not going to help.
It is the general app. compatibility issues with users of Windows. Although Office 2011 for Mac made this a little less of a problem (p…
It is basically a revised version of the article from the same author on M*
http://www.mutualfundobserver.com/discuss/index.php?p=/discussion/1483/yacktman-defies-demise-of-stock-picking-era
I believe there is a large overlap between the two DBLFX. Late Peter Bernstein used to say: If you are happy about all of your holdings, you are not diversified enough. I do not believe holding the two bond funds you have said will provide a diversi…
John, you should not copy and paste whole articles. It is a copyright violation. Besides the article you pasted is available via the original source at:
http://investwithanedge.com/newsletter-archives/110911-italy-too-big-to-fail-and-too-big-to-save
Reply to @catch22:
As I said your portfolios direct equity exposure is less than 20%. However, you have 54% in HY. HY is your indirect equity risk exposure. This asset class has much higher correlation with underlying equities.
If you were to repl…
Reply to @MaxBialystock: Actually, we can argue profits are better performing than the underlying stocks than 90s. During dotcom era there were tons of high flying stocks with no earnings and profits. Actually profits in this cycle is improving with…
Reply to @catch22: OK, once again bad phrasing. on a rush to post and go. I was pointing that while your portfolio seems lacking in terms of equity exposure at first look, the correlation of high yield and other hybrid bonds with equity markets sugg…
Reply to @Anonymous johnN: Are you taking about Bogle's personal portfolio? If so, bear in mind that he is 82-83 years old and he has repeteadly suggested age in bonds. I think 20% equity is probably appropriate by that criteria for him. I personall…
I recognize Warren Buffett is definitely not infallible. However, his company is essentially a closed-end fund. He is not subject to redemptions due to unsatisfactory periods so he does have advantage in terms of staying power on somewhat illiquid a…
David, it was an institutional fund with 5Mil minimum. Obviously, institutional investors did not like the fund as the fund has only $23Mil. Basically this is a failed fund which is re-purposed for retail markets for another life.
In a PC you also need an Anti-Virus program. I like McAfee anti-virus and it is also used in our corporate environment on PCs. Intel recently acquired McAfee company. There are some free anti-virus as well but I prefer to spend a few bucks on this s…
Reply to @Old_Joe: Hey I am actually very fair. I love the Mac Book Pro and Mac Book Air hardware. They are well designed with attention to finer details such as magnetic power connection, lovely touchpad etc.
However, OS is now a different story.…
As David has noted you can run Windows on OSX. There is bootcamp which allows you to boot Windows or OSX. There are Virtual Machines. Apple sells Parallels. VmWare has VMWare Fusion. Both are not took expensive but you will also have to buy the OS t…
David, I think you should have compared MNDFX to VDIGX and VDAIX. In particular, MNDFX seems close to VDIGX in performance despite holding more international.
Reply to @catch22: Catch, as I did not know exactly what you were doing, I qualified my answer by a conditional "if". It sounded as an accusation, sorry about it.
Anyway, I used this as an opportunity to help participants calculate their portfolio …
Reply to @catch22:
If you have any cash-flows in/out of your funds your calculation should include the effects of these flows. Otherwise, your return calculation is meaningless.
I keep a spreadsheet and enter month end portfolio totals. I also ent…
Reply to @rmt: Actually depending on the short term holding period and the early redemption period of the fund, you can be subject to none, one or both fees.
For example, you are selling $10,000 worth of shares and lets say fund early redemption p…
Reply to @Old_Joe: OJ, when you have time, read the book:
The Power of Gold: The History of an Obsession
http://www.amazon.com/Power-Gold-History-Obsession/dp/0471003786/
(First visit MFO's Amazon.com link to order)
Late Peter Bernstein in this b…
Reply to @msf: Thanks for pointing to recent changes. I had missed the reduction in short term trading trading period at Fidelity to 60 days (from 180).
@Old Joe said:"What exactly is "wealth"... how is it defined?"
Very good question. I've actually slept over it instead of jumping to answer it.
Here is the Wikipedia definition:
http://en.wikipedia.org/wiki/Wealth
And you have restricted the su…
I am not currently using LibreOffice but it is a good option unless you are demanding 100% compatibility with Microsoft Office.
It is a fork from another Open Source project; OpenOffice. OpenOffice itself originated from StarOffice which Sun Micro…
Try Fidelity. They do not charge fees for just having Roth account, a big Supermarket of NTF-funds (Fidelity and otherwise) and very usable set of NTF ETFs. For other ETFs, you only pay $7.95 per transaction.
Plus Fidelity has a very usable web si…
