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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
I am really conflicted....VGHCX hit a dollar threshold where it's due for a 30% haircut per my established portfolio guidelines. The problem is, it's been on fire and I may look back on this as a foolish and profit limiting re-balancing exercise. I …
I hope I'm wrong, but I am beginning to sense a bit of "I'm smarter than just about everyone else...just wait and see".
That's crossing the line from investing into gambling. I think the Fannie preferreds are a good wager, so I will ride that out. …
Looks like the Senate Banking Committee is flexing its muscles on the FNMA conservatorship, looking for an end to stealing the profits and a start for unlocking shareholder value. This could be big. BB is now hiding his cards by holding only preferr…
With any positive movement next week, RPMGX in the tax-deferred account will hit the dollar value threshold for a haircut. I will add to my positions in O and WPC within the income sleeve. But both look pretty richly valued here, so I'm a bit confli…
"Tort Reform" is a red herring...a canard offered up as an alternative to healthcare reform such as the ACA. Tort reform in Texas about 10 years ago had almost no impact on healthcare costs or physician supply.
Cheaper options via medical tourism will decline as a result of the ACA.
As for unavailable treatments....well, if the Cleveland Clinic doesn't do it, I'm not interested.
Thanks Scott....as you can imagine, I am bound pretty tightly by non-disclosure and insider trading limitations, not only for my company but for my clients whose compounds are going through clinical trials in advance of hopeful FDA approval.
In res…
Are you comfortable investing in healthcare in view of the headwinds for Obamacare which may lead to temporary disruptions?
I work in the health sciences industry....for a company working with the biotechs, big pharma and the medical device companie…
No, I don't believe so.
As Ted posted earlier, it appears that BB dropped common stock, but not the preferred shares, which do not require disclosure. I will be interested in BB's motivation for this move.
I noted about a year or so ago, that even…
During the dot.com bubble I got caught up in the the trade with JDSU, which many on CNBC were touting, including the late Joe Battipaglia who said JDSU stood for "Just don't sell us".
I should have.
I made alot of money, and then lost it. It was …
Initiating starter positions in PG and VZ for the income sleeve.
On a whim, I am pondering buying FNMA. That would be kind of like a hard-way bet at the dice table.
Seems like the long anticipated consolidation may be upon us. While the Dow is down less than 3 percent from its record highs, the NYSE Composite is down 5 percent. Other measures are even worse: The Russell 2000 small-cap index is down nearly 11 pe…
Freak...I am not a lawyer and did not stay at a Holiday Inn express last night. But here is my high level interpretation.
The US government issued an add-on to the original bail-out agreement for F&F, essentially modifying that to claim profits…
I have a big stake in this, but putting more money on the table?
With such a concentrated portfolio, it makes it simpler to evaluate. What holding do you believe would take off from here? SHLD? A reversal of the F&F decision today?
I'm think…
Ouch..that really hurts. About 10% of the holdings took a 50% haircut. All the other holdings were also down. That's what a concentrated portfolio can you for/to you.
Won't sell right away, but may certainly reduce on a (dead cat) bounce.
Fantastic.
Nice and even summary by Conseulo. Full disclosure,
Classic, deep value investor.
Time will tell...should know in next few years whether he was right.
Trust he's applying same process to SHLD.
c
FAIRX is one of 3 funds I hold in both…
You could cut and paste this thread onto the one titled "What Should You Have Done Differently About Money In Your 20s?"
As have several others, I have adopted this approach for a subset of my holdings several years ago. I only wish I would have bo…
Yes, it's unfortunate. I used to watch the "FOX Business Block" on Saturday mornings, but anymore it seems like any conversation about business or the market is purely accidental .
LL,
This is a tough space to fill...one that I struggle with as well. I'm linking 2 threads on this same issue. SCMFX plus VASVX are the options I've narrowed it down to.
Good luck, and let us know what you decide,
Press
http://www.mutualfundobs…
You suppose Heritage would ever produce a chart using the "effective" tax rates? The chart would look dramatically different as many very profitable companies pay zero in taxes.
Thanks for the link Ted...I enjoyed the "life of Riley Index" articles, and have bookmarked Scott Burns. It's good to place a bit of perspective on the retirement goal (which is very close).
Press
Ted...I'm a big believer in divi's as an income strategy, but cannot figure out why folks defer to a fund as opposed to a tidy collection of individual holdings.
When I bought VGHCX over 10 years ago, I thought I was buying something which was a bit boring, not too flashy in regards to returns, and a bit defensive in nature in comparison to the broader equity markets.
Even though I was completely wrong on t…
Mr. Dimon is believed to have the type cancer caused by HPV, or human papillomavirus, the same family of viruses that causes cervical cancer. Michael Douglas was recently diagnosed with this same type of cancer, and the prognosis is actually very go…
One thing I really like is when a fund kicks my market value tripwire, indicating a haircut is due...this happened with FAIRX and FPACX. I am simply reallocating the proceeds to an income sleeve and buying 2 new equity positions in KO and CLX
I need a macro key for 'everything cman said'.
Press, you have way too many funds and are doing expensive indexing, or coming close.
Appreciate the feedback, but not sure I agree. Of my 10 equity funds, half are bets on the manager, FAIRX, YAFFX,…
I've found the ebb and flow of divi payers to be very interesting...they really served as leaders in 2011, and also this year..especially the REITs. We shall see what happens when rates rise, but for me, the divi is where the focus lies.
Well, it seems I needed to provide a bit more detail here...and am glad to oblige although my planning may not be to the depth of many on this board.
My request was specifically for my 401K/IRA account. I mentally allocate money to different sleev…
I'm sure there are others. This analysis is too much for the media. I think many who are proponents of the the ACA do so because it make them feel good because it positions themselves as loving and caring people. Those that offer a differing op…
re Costco - They were favorably mentioned in a recent CBS 60-Minutes segment on prescription pricing. So folks would do well to check them out. Regards
Here is an an article that I have found accurate time and time again. For those that do not kno…
Considering selling PRBLX and just buying individual dividend stocks a la Josh Peters. DE, MAT, F, COH, CSX, CVX, AMNF, BBL, APAM, TROW, INTC, CA, CSCO, ESV, TUP, HCP on research list.
There is still time to talk me out of this foolishness, so fir…
