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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.
  • SSSFX (-6.84%) ???
    I own this in my fidelity account, here is what is posted by the ticker for today's ending value: A short-term capital gain of 0.23105 per share and long-term capital gain of 1.4353 per share, declared on 03/27/2014, is pending on this position. Processing this transaction generally takes 1 to 3 business days
  • Rotation Into Emerging Markets
    bee said
    I'll add TGINX for consideration.
    You may also want to add DoubleLine Emerging Markets Fixed Inc N
    DLENX to your list.
    Also as to cman's oil observation:
    Thursday, Mar 27
    11:55 AM Seeking Alpha
    Investors shifting cash into energy ETFs on expectations of oil gains
    Investors are pouring money into energy companies, putting 7x as much into energy sector ETFs as they did last quarter and betting that profits of energy producers rise along with crude oil and natural gas prices.
    Energy collecting new money reflects optimism for a turnaround in companies like Exxon Mobil (XOM), XLE's biggest holding, but the bet may not pay off, as analysts generally foresee lower global oil prices in 2014 and gains in gas.
    ETFs focusing on oil and gas companies have captured 20% of the $10B in net inflows into ETFs this year, after hauling in only 2.5% of fresh money last quarter and 7.7% in all of 2013.
    ETFs: ERX, OIH, VDE, ERY, FCG, XOP, DIG, DUG, GASL, XES, IYE, IEO, IEZ, GASX, PXE, PXJ, PXI, PSCE, FENY, FXN, RYE, DDG
  • American Launches An Emerging Markets Fund
    American Funds won't even let you open an acct with them unless you go thru a financial advisor. Even then, you have to pay 5.75% load.
  • The Case Against This Stock Market
    Sure, there are some stocks that appear to be expensive, but there are other sectors that remain at low multiples and just coming into their own. Financials continue to do well. Some cyclical stocks starting to break-out, like AA.
    So, I remain cautiously optimistic. Hopefully with spring thaw comes continued real earnings growth.
    Here is M*'s latest market barometer...2% above fair value:
    image
  • NOBL
    Hi rono,
    Consumer Staples seem to hold a number of autonomies. US and Golbal Consumer Staples etfs are reviewed in this article:
    top-10-u-s-and-global-consumer-staples-etfs
  • New Fund for pre-ipos
    I skimmed the prospectus far enough to get to the 5.75% load. Site has nice graphic design motif, not necessarily a good sign. I would expect the big dogs to get the profits from likely IPOs seeking "late stagefunding," whatever that is meant to include. I don't do very well with concepts I think I understand. Since I don't think I really understand this one (I'm pretty clear on 5,75%, tho), believe I'll stay on the porch.
  • Target Date Fund To Capture 63% Of All 401(k) Contributions By 2018
    I think for most workers (not necessarily the people who visit this site)target funds are just fine.Problems occur if the target funds have a high er but in that case there is unlikely to bea good choice other than perhaps an S&P 500 fund.
  • Target Date Fund To Capture 63% Of All 401(k) Contributions By 2018
    Interesting article. There is one error in the article though. The article states:
    "In 2005, target date funds held less than $100 million in total assets. After several years of double-digit growth — in some cases as high as nearly 50% annually — target date funds reached more than $500 million in assets as of 2013, according to a report by Morningstar Inc."
    The Vanguard Target Retirement 2020 fund alone has 25 billion dollars of assets.
  • Country Specific Investments: Indonesia
    Saw that, too. Country-specific? I have tracked IRL (CEF) for many years, just on account of a family connection over there. Just curious to see how it does. I've got some responses in here about it, too. Is Ireland not in the earliest stages of a secular upswing with the rest of the EU, though? Halting, in fits and spurts, but real. "The Economist" says that Portugal is on the way out of its bailout arrangement without (as with Ireland, too) a "backstop." Yet acc. to "The Econ," Portugal is worse-off..... I was rather amazed to read that 65% of those aged mid-20s to mid-60s in Port. did not finish high school. Holy rancid socks!
  • Country Specific Investments: Indonesia
    From Asia Confidential:
    "Indonesia one of the world’s best performing markets year-to-date, up 23% in US dollar terms. The big question is: will the out-performance continue? The odds would seem to be against it. Risks from a China economic bust are likely under-estimated. As are the difficulties facing the incoming president in implementing reform. And with Indonesia trading at 15x this year’s earnings, a 32% premium to Asia ex-Japan, there appears to be plenty of room for disappointment."
    A few etfs to follow Indonesia = IDX and IDXJ (sml cap)
    Article link:
    investors-fall-for-indonesia
  • Next Generation, New Challenges At Fidelity
    Trading restrictions and fees on mutual funds have steered me to commission free etf offerings. No fee to buy, no fee to sell and no restrictions on trading. As always, nothing is free so read the fine print and understand the limitations.
    The downside to "free" etfs
    The flip side to "free" etfs
    Limits to Free
    Some no fee etfs:
    etfdb.com/type/commission-free/vanguard
    https://fidelity.com/etfs/ishares
    When it comes to mutual funds that I need to trade more often than quarterly I call first and request an exception to the trading restriction. Recently, I became aware that my mutual fund company allows the privilege to exchange out of any fund and into one specific fund (usually a "cash like" fund) no restrictions. This has helped me exchange portions of a momentum position over shorter time durations without harming my future trading privileges.
  • Next Generation, New Challenges At Fidelity
    @STB65, the thing I don't like about Fidelity is that their frequent trading policy is not first in first out. So, if you have $100k long term in a fund and you have even a minimum buy at some point, the entire amount becomes locked in the 30 Day round trip policy. This is something I have tried to get them to change but with no success.
    But the letter you got applies only if you have several of those roundtrips in the same fund or across multiple Fido funds, definitely not the first one. You get a warning but not a block on further buys until you reach that multiple limit.
  • Great Funds You Can Own For $500 Or Less
    Its a fine link but one should investigate minimum balance fees.It would not be good to havea $10-$25 fee taken out of a small account As they say one ought to read the prospectus
  • Turner Emerging Markets Fund to liquidate
    I remember posting the SEC 485APOS on the fund when it was registered. The fund did not last long.
  • Turner Emerging Markets Fund to liquidate
    http://www.sec.gov/Archives/edgar/data/1006783/000110465914022553/a14-8775_4497.htm
    497 1 a14-8775_4497.htm 497
    TURNER FUNDS
    TURNER EMERGING MARKETS FUND
    Supplement dated March 25, 2014
    to the Prospectus dated January 31, 2014
    THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE PROSPECTUS. THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS.
    On March 25, 2014, the Board of Trustees (the “Board”) of the Turner Funds determined to close and liquidate the Turner Emerging Markets Fund (the “Fund”), effective on or about April 15, 2014. This decision was made after careful consideration of the Fund’s asset size, strategic importance, current expenses and historical performance. In connection with the pending liquidation, the Fund will discontinue accepting orders for the purchase of Fund shares or exchanges into the Fund from other Turner Funds after the close of business on March 26, 2014.
    On or around the close of business on April 15, 2014, the Fund will distribute pro rata all of its assets in cash to its shareholders, and all outstanding shares will be redeemed and cancelled. Prior to that time, the proceeds from the liquidation of portfolio securities will be invested in cash equivalent securities or held in cash. During this time, the Fund may hold more cash, cash equivalents or other short-term investments than normal, which may prevent the Fund from meeting its stated investment objective.
    BECAUSE THE FUND WILL BE CLOSED AND LIQUIDATED ON OR ABOUT APRIL 15, 2014, WE RECOMMEND THAT YOU CONSIDER SELLING OR EXCHANGING YOUR SHARES PRIOR TO THAT DATE. You may exchange shares of the Fund for any other Turner Fund open to new investors. You may sell or exchange shares on any business day by contacting us directly by mail, telephone (1-800-224-6312) or via our website (www.turnerinvestments.com). If you invest through a financial institution, you should contact the financial institution for more information on how to sell or exchange your shares. If you still hold shares of the Fund on or about April 15, 2014, we will automatically redeem your shares for cash and remit the proceeds to you (via check or wire) based on the instructions listed on your account.
    The sale, exchange or liquidation of your shares will generally be a taxable event. You should consult your personal tax advisor concerning your particular tax situation.
    Please contact the Turner Funds’ Investors Services team at 1-800-224-6312 for more information.
    PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
    TUR-FS-30-02