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 @johnN:
I think, it is fantasy to think that we will be alright by withdrawing stimulus from economy when economic growth is fragile. If further stimulus is not possible and premature tightening takes place, get ready to face a lot of pai…
Exhange between different share classes of the same fund is generally not considered taxable but when you exchange between different funds, it sure is (considered a sale and a new purchase) and your case is the latter.
Find out your cost basis on …
The fund company is sold to Ameriprise. The fund is converted to Load fund and the existing share holders are grandfathered in Z shares (UMBIX). I personally do not like anything associated with Ameriprise
The long time manager is retiring at the e…
Here is what I posted about low volatility ETFs in May:
http://www.mutualfundobserver.com/discuss.php#/discussion/472/analysis-of-new-high-beta-and-low-volatility-etfs-from-powershares
Good question. A lot of ultra-low duration Yield+ funds were taken to the cleaners. Floating Rate funds (such as Fidelity one) that used to provide very stable returns until the crisis lost a lot. After all they are "Junk" funds and Junk does not do…
It it happens, it will happen for a short duration where markets will react strongly. Having seen the market reaction and pressure from businesses and donors, our congressmen will quickly realize it is a mistake to play politics in this respect and …
GathyG,
One suggestion. If you are using the back button of your browser, stop doing that. Instead when you open a thread, to go back to main listing use "Back to Discussions" link at the bottom or click the appropriate category link at the top rig…
I think it is actually fuzzy math from sites like this to account all future obligations as due today and calculate dept ratios like that. The situation is bad but not as bad as these doomsayers like us to believe.
This is a problem of cash flow. I…
Nice article. I've also posted the WealtTrack interview with Romick, the current manager of FPA Crescent.
While reading the article I remembered the posting on this board that someone was reducing/getting out of the fund.
A couple more articles from CIBC in the past week:
Jun 29:
After the Soft Patch: Global Forecast Update
US Debt Ceiling Talks Appear Headed for the Wire
I use M* Portfolio Manager. You can track several portfolios of either transactional or watch type. Watch portfolios are easy and simple and similar to most other sites. Transactional portfolios are require more maintenance.
If you use transaction…
Bogle does not own mutual fund family. He is not even CEO or employee. He is long retired from Vanguard. His wealth pales in comparison to others. He could chose to be rich just like others. You might not like what he suggests but he has been advoca…
I decided against RNCOX. The idea that a specialist fund taking advantage of premium-discount differentials in closed-end funds is intriguing. However, the fund is just too expensive for my taste. I'd rather own YACKX. I know it is not the same thin…
MJG,
I think your picture is not reflective of our situation. I agree to the part that during difficult times politicians seek an enemy to deflect and diffuse the pressure upon them and try to unite the nation. If you are looking for a scapegoat ri…
msf,
I have to admit that given the bond holdings are uniform if you can hold the fund to maturity you may likely to get returns close to holding the bond yourself. So, I was not correct there. But if you are going to do that holding the bond itsel…
You don't know for sure. The returns are uneven. But over some time period diversification you get returns similar to those. It only averages to that over time. You cannot assume such returns in short periods. Even 3-5 years is risky. But if you hav…
The AC funds cited do not protect the principal. See my message to bnath on how you can lose money in a defined maturity bond fund. These funds are not bond substitute. The issue is that they have to mark to market every day so NAV will go down as i…
If you had not sold your OAKBX and held on over the past 5 years you would have earned 6.78% annualized. You did not lose money on CDs or Bank accounts but you probably did not do this well either. If you cannot stand volatility and lose sleep, you …
I think for 15 years time horizon a blend of conservative balanced funds is a better choice:
GLRBX: 15 year return is 7.89% annualized. The fund has only 2 negative years in the last 10 years. 2001 with -0.81% and 2008 with -5.52%.
VWINX: 15 year …
There is not reply button (or link) if you are replying to the first post of the thread. Simply scroll to the bottom of the page and enter your text in the text box and hit "Post Comment" button. I thought you had figured this already with your "TES…
Catch: If you use the reply box at the end of the page, you are posting a direct reply to the original poster. You do not need to piggy-back onto another reply. (In other words, do not search for reply link. Go directly to the bottom of the page)
I've read recently that recent issues of Floating Rate/Bank Loan notes/bonds etc. have worse covenants (i.e. more favorable to the issuer) than the earlier ones. In other words, the investor protections also eased a bit.
Catch,
It has been a tough cold huh? Make sure to have it checked if you have not already. Such long running colds are not good.
DAK: I am not sure of 5000IU of Vitamin D. Unlike water soluble vitamins like Vitamin B group which excess intake are …
I don't think it is worth to pay too much for a grill, especially if this is a wheeled type movable type. I think a grill in the range of $100-200 will give many years of service. They are not that different from one another. If it goes bad after a …
Max. Since you held the stock in a joint account, you were a co-owner of the stock. Now, you got it all. You will not enjoy the tax basis step-up if you inherited the stock as part of will. When you sell, you will pay taxes on the original cost basi…
An alternate way to read WSJ Online free is to visit a Starbucks. When you logon, there is a welcome screen and you can click news and WSJ online is available free there (as well as a bunch of other content from various providers).
Of course, Starb…
I like NVidia cards (to be more specific an graphics card with Nvidia chip). There are many manufacturers building cards using NVidia chips. The card you will get depends on the available slots (AGP, PCI Express, etc). An entry level card manufactur…
How does it show on transaction history? If your transaction history is showing a sale and purchase it is possible that it was not a correct tax-free correction. Hopefully they got it right. If not be prepared to pay taxes on realized gains.
I have several Windows XP SP3 computers at home using IE8 and they are slow but they do not crash. All I can say at this moment, the root cause of the problems you are experiencing is not IE or Windows XP. I bet it is something wrong with your graph…
