Any Comments on Raymond James? As a regular reader who rarely posts, I have to speak up and say that I respect and admire CathyG; I have learned and profited from reading her thoughtful questions and the responses they elicit from several of the really helpful posters who have taken time to think, analyze, and provide good answers and suggestions for the issues that she has raised. MFO is (IMHO) a forum where a lot of good information and good suggestions are proposed and discussed by people with typical, average investment issues and a sub-group (no names here!) who are mostly not professionals, but are unusually experienced and well informed and willing to offer opinions and suggestions that are meant as fodder for further examination and thus exceptionally useful for the reasonably bright individual to pursue. Cathy is surely an example of such a questioner, and she is willing to stand up and ask questions in open forum. Many of her questions have been peripheral to my own situation, but some are not, and I have been most grateful to see them brought to the fore and have been most appreciative of the thoughtful answers that she received, and have used them to research some of my own issues. Her courtesy, modesty, and willingness to learn and have been exemplary, and I frankly have little to say to those who have made offensive remarks..
As a part -- however modest -- of MFO, and one who has recommended it to many friends, I have appreciated the absence of snark & 1-up-manship and the willingness of the community to accept newcomers who are courteous with corresponding courtesy. Having lurked around for quite a while, I know a little bit about Ted. I have always admired the time & (wee-hours) effort he has invested in combing the net for a wide range of references. I also suspect that I am at least the same age, if not older -- but -- I am also a female, who at 17 stepped into a totally male environment as a freshman engineer, back in the early 50's. That environment persisted for the next few decades as women slowly entered the engineering field. Don't know Ted's background, but I hope that vestiges of 50's & before is not the backstory that propels his comments about Cathy. Back then it took courage for a girl to stand up & ask a question that just "might" sound dumb, but you had to learn to do it, because the guys did it too, & they didn't just shrink back into the closet -- they kept on asking. I doubt that Ted really faced that environment as I did.
So -- good for Cathy -- and Ted -- I appreciate both of your special contributions -- however different -- Cathy's well-thought out questions and willingness to ask, as well as the many well-thought-out responses that her posts evoked -- and Ted's daily news-survey and loyalty, but -- hey -- sometimes you need to just ignore what threads you don't want to read or comment on -- and that's both a privilege AND a responsibility.
OK this is too long already, but I hope that it expresses my appreciations for the specialness of two important contributors -- and how important it is to have them both.... CathyG and Ted...
AMG Yacktman Fund and AMG Yacktman Focused Fund to reopen to new investors http://www.sec.gov/Archives/edgar/data/1089951/000119312515219331/d940841d497.htm497 1 d940841d497.htm AMG FUNDS
Filed pursuant to 497(e)
File Nos. 333-84639 and 811-09
521
AMG FUNDS
AMG YACKTMAN FUND
AMG YACKTMAN FOCUSED FUND
Supplement dated June 10, 201
5 to the Statement of Additional Information dated May 1, 201
5 The following information supplements and supersedes any information to the contrary relating to AMG Yacktman Fund and AMG Yacktman Focused Fund (the “Funds”), each a series of AMG Funds, contained in the Funds’ Statement of Additional Information, dated May 1, 201
5.
Effective June 22, 201
5, the Funds will reopen to new investors.
Effective June 22, 201
5, the Statement of Additional Information is hereby amended as follows:
With respect to the section “General Information”, the third paragraph is hereby deleted in its entirety.
PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE
ST302
Bill Gross’ Big New Yield Idea: Mexico Bonds FYI: Bond guru Bill Gross was on CNBC just now talking up Mexican inflation-indexed bonds.
The case: Mexican inflation-indexed bonds yield about 3%, compared to the 0.
5% yield on U.S. Treasury Inflation-Protected Securities (TIPS), and that is an unjustifiably wide spread, he said. Moreover, the Mexican peso, which has weakened by about 2
5% from highs, against the dollar, could rebound, Gross added. That exchange-rate risk may benefit U.S. investors
Regards,
Ted
http://blogs.barrons.com/emergingmarketsdaily/2015/06/10/bill-gross-big-new-yield-idea-mexico-bonds/tab/print/
Velocity of M2 Money Stock Also note that the chart does not represent the total amount of the M2 money supply, but rather how fast that supply circulates from one holder to another. It is therefore an indirect indicator of general economic activity.
from Wickipedia:
It is the number of times one dollar is spent to buy goods and services per unit of time. Alternatively and less frequently, it can refer to the transactions velocity of money, which is the frequency with which the average unit of currency is used in any kind of transaction in which it changes possession—not only the purchase of newly produced goods, but also the purchase of financial assets and other items.
