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.
1. The M* person provided a reasonable explanation, I thought. Someone may or may not think it's a satisfactory explanation, but I thought the reasoning was at least clear and it seems like they're aware of it/working on it.
2. I'm not sure why peo…
As for the linked article at the top of the thread, you have a situation where the market is down 3-4% and we're getting articles like this. It's an example of a broken mentality where the market has gone up like it has and now people act like the …
I don't trust any of them.
I'll agree with you on that. I own Scotiabank (BNS) and largely from the standpoint of valuation (it's gotten obliterated since last Fall along with the Canadian currency) history, yield and other factors (Canada's most…
From Ted's link:
Citigroup Has Cleanest Stress-Test Pass of Top Wall Street Banks !!!
I guess they cleaned up their act!
I don't have any interest in the US banks, but I guess if I did C would probably be the top of the list from the standpoint of…
BAC has to resubmit cap plan. Just great.
Chris Whalen on CNBC: "My gosh, they have been struggling for years, we still haven't seen a change in management. It's really quite incredible to me that the board of Bank of America tolerates this kind of …
His comment regarding the old line auto makers sounds very convincing. In a urban metro environment. That would reduce maintenance and insurance bills for the household.
@Scott Skeptical of old line auto manufacturers.The urban Millennials embrace…
@scott
I think Apple will be having a good laugh over people buying yet another product that people think they must have just to be cool.
You know, when the latest iphone came out and people reported issues with the phones getting bent in their p…
Well, Batman certainly liked his special watch. Maybe we need a BatWatch?
My thought process:
Basically, I use the heck out of my phone. I read on it constantly, look for stock news, get alerts, play the occasional game, watch Youtube, beam things …
No.
Explain to me why a smartwatch is anything besides paying $350 to not have to pull my phone out of my pocket (and I'm not directing that towards JohnChisum, I'm simply saying it in general.)
Given the fact that the watch basically apparently …
Most of my stuff was down or down considerably, but some interesting stories, including Blackstone, which wasn't down much and then worked its way up to positive and ended down slightly. I've also noticed that what was initially wrecked (REITs, util…
"Making predictions is what Wall Street gurus do. If they are wrong, they have golden parachutes. "
If they're wrong no one even questions them. Jeremy Siegel's sunny outlook for 2008 at the end of 2007; Cramer's "Winners of the New World" in 2000 …
Same here Scott but I am not a big fan of the connected car. Maybe it's just me but I don't see how having/using/relying on that screen is any less distracting to drivers then talking or texting on a smart phone is. Maybe even more so since it's nea…
Meh. The smart watch (whether Apple or otherwise) is something I just don't get. The connected car and the fight over that between Apple and others is - I think - a far more interesting and important fight than the smartwatch.
REITs and utilities still flat/off mildly but otherwise nice rebound. In terms of REITs, Simon Property making an offer for Macerich and going hostile, no less. (http://abcnews.go.com/Business/wireStory/simon-property-group-launches-16b-hostile-bid-…
"The Most Important Thing" (Howard Marks)
If you're looking for something more entertaining and less about education, "The Big Short" by Michael Lewis and "The Quants" by Scott Patterson. "Dark Pools" by Patterson is also worth a read.
Noise.
From the article: ". Master limited partnerships, for instance (those that aren’t exposed directly energy prices) offer bond-like returns but aren’t bonds; so, too, are real estate investment trusts"
Uh, REITs and MLPs being "bond-like"? S…
Some discussion of potential higher rates having an effect, but as I noted in another thread, was a good article on seekingalpha discussing how some interest rate sensitive fixed income wasn't really all that moved. The article noted that REITs (and…
David Iben who is the Portfolio Manager for Kopernik KGGIX/KGGAX is off to a rough start. Former manager of Nuveen Tradewinds Value Opportunities and had excellent returns.
YTD Down -15.37
I'm seeing this as YTD up 2.92% KGGAX
The YTD quoted ab…
Like some others, I thought the initial reaction to the jobs numbers would be positive. But, I understand the fear of higher rates.
Few fared worse than gold funds Friday - some off more than 5%. And to my surprise, high yield bonds seem to have …
Constellation Brands (STZ) continues to do very well. Crimson Wine (which is a former Leucadia subsidiary) offers shareholder discounts. Andrew Peller (ADWPF) is a Canadian option. Wine/liquor stocks I think remain compelling long-term options and t…
Stone Harbor has a CEF (EDF) that yields 13.5% but has sucked worse (sucked + leverage.)
EDF vs HREDX
https://finance.yahoo.com/echarts?s=HREDX+Interactive#{"range":"5y","scale":"linear","comparisons":{"EDF":{"color":"#cc0000","weight":1}}}
I suspect the stock markets aren't responding because they suspect (IMO, correctly) that this number has been heavily "seasonally-adjusted" i.e. it was created by modeling, not by raw/real number tabulation. As for the bond market, well, algo trades…
Added to: BBL, EPD, FENY, BGH, and VGR. Started new positions in PG and FEU.
I own EPD and have debated adding to that or IPPLF. The MLP that I own that's been a positive surprise is ETE.
"We are captive to the 24/7 constant news cycle that prompts us to trade far too frequently, often with wealth compromising impacts."
Look at today. Mere hint that interest rates MAY rise and market gets obliterated to the tune of -300. It is very …
A guest on CNBC just called Yellen "chairman". Good chuckle on a lousy day. Added to Brookfield Property Partners (BPY), still trading under book and throwing off a 4.5% yield.
Six years is a while. But this bull market has been hardly frothy.
I'd like to see a 5-10% pullback before buying. But I wouldn't count on it.
You're getting quite the pullback in yieldy sectors - REIT index down 3%, but some closer to 5%.
I…
Do you think that the banking and loan industry will benefit? Maybe financial services will replace healthcare as the go to sector for 2015.
You know, I think for a number of reasons mortgages and loans will probably still not have the kind of dem…
I don't know about you Ted but I don't see it happening.
One, I don't see it. Two, it's not as if we're going to go back to the "old normal" in terms of rates any time in the next decade.
I have been saying that there's going to be a pullback in RE…
I am certainly not one to discuss simplification, but I have a lot of individual holdings. In terms of funds, I'd just think you'd get too much overlap if you have 50+ funds. Still, as I've said in the past, whatever works for the individual and bey…
http://www.zerohedge.com/news/2015-03-05/take-out-7-year-car-loan-buy-stocks-cnbc-experts-advise
"We saved the best for last. Watch below as Bill Griffeth and Kelly Evans host WSJ’s Jonathan Clements and Premier Financial Advisors’ Mark Martiak for…
I'm going to try to just "close the books" early this year and just let things go as they may, have dividends roll in.
That would be nice.
Well, it becomes everything I own in terms of individual names with few exceptions pays a dividend, everythi…
If there are any other biotech companies in the spotlight for acquisition, I would think a short term bounce for their stocks is possible.
I think AbbVie will quickly erase any drop as the deal gets recognized as a good one. Looks like J&J fel…
Chromecast is a little device about the size of a USB drive that you put in the HDMI input in the back of your TV. Using your wifi, you can then use your phone to "cast" things like Youtube videos, Hulu, Netflix or other programming (it works for PB…
(1) Appliance make-over, making money by saving money:
Samsung 46" HD Smart TV (fire sale @ local Best Buy)
Med-size Stand-alone Freezer (high energy star rating)
(2) Building cash, and taking final gains, before the correction to come
Anything made…
Added to Brown Forman (BF.B) (BF is most well-known for Jack Daniels) and that was my last "planned" investment for the year. I may add to higher yielding names (CLNY - which is merging with its parent this year - for example, there are others) if o…
