WealthTrack: Q&A With Ed Perks, Manager, Franklin Income Fund I have owned this fund for a good long while … since childhood ... and, I am now sixty six years in age as I write. In 1954, I invested some money in it that my late great grandfather gave me. He told me that he felt this would be a good long term investment vehicle ... and, thus far, it has been. The fund now accounts for about 6.5% of my overall portfolio which consist of fifty two funds and is the portfolio’s single largest holding other than cash. It use to pay a distribution yield of better than eight percent, at one time, and its yield has now dropped back of five percent as more and more investors discover and invest in it. Thus far, I have been a happy camper with it; but, I have not been growing my position in it for a long time now. I feel five percent of most any single investment is plenty to own within my portfolio.
Through the years I adopted the sleeve system within my portfolio and with this I divided the portfolio into twelve sleeves. There are two cash sleeves (one investment cash consisting of time deposits and one demand cash) ... two income sleeves (one fixed income the other hybrid income) ... four growth and income sleeves (global equity, global hybrid, domestic equity and domestic hybrid) ... and, four growth sleeves (global/foreign & emerging, domestic large/mid, domestic small/mid and a specialty sleeve that can hold just about anything).
Franklin Income Fund (FKINX) is one of six funds held within my hybrid income sleeve. The others are, listed by their ticker symbols, CAPAX, ISFAX, PGBAX, AZNAX and PASAX. This sleeve is currently the largest sleeve within my portfolio at a little better than twenty one percent.
Fund Manager Focus: David Rolfe, Manager, River Park/Wedgewood Retail Fund Just doing some early morning checking on my funds and noticed that the ER for RWGFX at Schwab is 1.05, down from 1.14 I think earlier. RWGFX just got better.
Risk For A $1M Portfolio
Ok, so you are saying that I could use a larger portion of my paycheck to fund my 401K and use my inheritance money to pay my bills normally funded by my paycheck. Interesting. I never thought of this concept. Can you think of any downside to using this method?
Yes, that's what I'm proposing but you'd have to figure in your tax situation to see if it makes sense.
The downside is that you'd owe taxes on the money you pulled out of your inheritance however that should be offset, if not more so, by the savings incurred by your increased 401k.
Say you need to put an extra $10k in your 401k to max it out but don't have it. Take $10k out of the inheritance over the year as needed so you can put the $10k in the 401k. On that you'll either pay your nominal tax rate but a on stepped-up cost basis (if the inheritance was in equities or mutual funds) but you'll also reduce your taxable income by the same amount. If you have long-term capital gains on the withdrawals then you may only pay 1
5% taxes on those while possibly getting a 2
5% "tax reduction" on the money contributed to the 401k. All depending on your tax brackets.
Granted you may have to pay more than the long-term rate (1
5% if its still that) when you withdrawal the money from the 401k since it'll then be taxed at your nominal rate and not as long-term gains as you would be able to do if it was out of the inheritance but in the meantime the money is growing tax-deferred.
Again, just something to think about.
Fund Manager Focus: David Rolfe, Manager, River Park/Wedgewood Retail Fund
Seeking Alpha Needs To Take Stock Of Its Policies cman said; It is just a blogging platform for anybody to write anything even if the attention is negative as in readers blasting the authors for stupid analysis.
Charles Barkley says(Watch the full 1:18)
http://www.cbssports.com/video/player/collegebasketball/202593347533/0/buzz-williams-reportedly-signs-deal-with-virginia-techSeriously,This is what I use Seeking Alpha for.The site does not exactly break any headline news but it is an excellent source of financial/investment news/trends throughout most M-F time frames. I use it to track portfolios and I subscribe to Energy/Dividend/Global/and Macro newsletter e-mails.The
http://seekingalpha.com/author/michael-filloon/articles and
http://seekingalpha.com/author/bdc-buzz/articles are always worth a peek.I seldom look at the site's Investment Ideas tab.I find the site a starting point for possible future investments or watch list candidates.
Aggregator - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Aggregator Cached
Aggregator refers to a web site or computer software that aggregates a specific type of information from multiple online sources: Data aggregator, an organization ...
DLN or VIG I recently learned about SCHD whick is also a good looking choice. I'd be replacing FPACX in my taxable account if I ever decide to go this route. VIG only lost 6% more than FPACX in '08 which is pretty darn impressive considering FPACX only invest %50-60% in stks. At least I think so and I'd be the one taking the risk.
Latin America Funds
Latin America Funds No. I wouldn't want to go near Brazil/Mexico. If I was, I'd only be interested in Femsa (FMX), Cielo (CIOXY), Ambev (ABEV) and maybe Wal-Mart De Mexico.
Bill Comes Due For Brazil's Middle Class (WSJ)
http://online.wsj.com/news/articles/SB10001424052702304795804579097412611960306"Part of the problem, some economists say, is that Brazil focused too heavily on policies designed to increase consumption instead of completing ports and roads to help economic production in the long term. Brazilians bought a lot of flat screens during the boom, but the country's ports are still so clogged some ships turn away instead of waiting."
Latin America Funds Brazil/Latin Am E T F's lead this week.Precious metals dive.
EWZ
Weekly ETF Gainers / Losers
| 4:15 PM Seeking Alpha
Gainers: EWZ +6.55%. BRF +5.13%. ILF +5.11%. FCG +4.03%. FXI +2..79%.
Losers: GDXJ -10.60%. GDX -7.93%. PSLV -7.03%. VXX -6.66%. SIVR -5.34%.
A Biotech Bubble ? At Minimum It's Lots Of Froth Lots of meaningless labels. It is musical chairs and the music has stopped for now.
Lots of technical selling as it broke through its resistance as believed by technical traders and programmed in. Front running this behavior would have placed stops at 250-252 for IBB as I had suggested several weeks ago in case it broke the 255 level.
If the markets were to bounce back very bullishly, it may create a reversal for biotech as a rising tide here but the next likely reversal is around another 5% down between 230-235 but if the markets are weak or sideways, may go down to its 200 SMA about 12% down from here where it might be a good buying opportunity for the next cycle. Again, this is not based on any crystal ball powers of TA but rather the herd behavior of technical traders.
Traders will be playing financials until then.
DLN or VIG sym,
Its not always only about total return. No doubt DLN is a solid ETF in this space. VIG has lower volatility and went down -26.50 to DTN's -35.9 in 2008. I hold VIG and to add to return in a similar category (but not identical), I have OYEIX.
Seeking Alpha Needs To Take Stock Of Its Policies
DLN or VIG Calculate the total return for DLN and VIG using Yahoo's Adjust Close Price history data,
For the trailing 5 year (3/20/09-3/20/14), the total return are
DLN: 264.25% ~ 1.2164^5
VIG: 244.88% ~ 1.1976^5
If extend the trailing period to the max. of the available Yahoo history data common to both DLN and VIG, 6/16/06-3/20/14, VIG actually has a higher total return as compare to DLN.
DLN: 159.31%
VIG: 178.31%
Utility Funds Probably the smoothest ride I have experienced with any of funds over the long term 5 - 10 years are two utility fund GASFX and TOLSX. I beleive GLFOX is somewhat new "utility/industrials -centric sml cap world fund" worth considering. Utilities seem to be in a sweet spot lately.
What are your favorites?
Open Thread: What Have You Been Buying/Selling/Pondering just thought i'd follow this up, just 'cause i said i would. so ... one day later here's what happened with the three MJ stocks in question, not that it makes any diff in the long run.
erbb: -2.91%
spli: -1.61%
mine: 45.45%
DLN or VIG Where are you getting higher pretax returns for DLN? I'm very skeptical this is coming from analysis and is not just some assumption.
M*
5yr annualized (longest period available for these funds):
DLN 21.64% VIG 19.76%
Lipper ratings:
Total return: DLN
5 VIG 4
Consistent return: DLN 3 VIG 4
Tax efficiency: DLN 1 VIG
5
Some ethical questions about stocks and bonds
Yes, I see a great moral issue here. NASA is taking money from taxpayers by force and using it to produce utter idiocy. Perhaps the Guardian missed the part of the report that called for all NASA employees, most especially the authors of the report, to take immediate 9
5% cuts in their salaries in order to remove themselves from the 'industrial elite' and drop them down to the median level of the world's workers. Or maybe not.
Jubak Global Equity Fund to liquidate http://www.sec.gov/Archives/edgar/data/1318342/000139834414001750/fp0009984_497.htm497 1 fp0009984_497.htm
Jubak Global Equity Fund
A series of Investment Managers Series Trust (the “Trust”)
Supplement dated March 20, 2014 to
Prospectus dated October 1, 2013
The Board of Trustees of the Trust has approved a Plan of Liquidation which authorizes the termination, liquidation and dissolution of the Jubak Global Equity Fund. In order to effect such liquidation, the Fund is closed to all new investment. Shareholders may redeem their shares until the date of liquidation.
The Fund will be liquidated on or about May 29, 2014 (the “Liquidation Date”). On or promptly after the Liquidation Date, the Fund will make a liquidating distribution to each remaining shareholder equal to the shareholder’s proportionate interest in the net assets of the Fund, in complete redemption and cancellation of the Fund’s shares held by the shareholder, and the Fund will be dissolved.
Please contact the Fund at 1-888-88
5-822
5 if you have any questions or need assistance.
Please retain this Supplement with the Prospectus.
