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.
I am guessing the public schools do not want to teach kids the value of money and how to make it. That might turn them into (gasp). capitalists.
You know, I guess I've always thought about it from the standpoint of the financial industry wanting to…
The Friday close saw Apple up again after a slow start. Options?
Apple Pay now accepted by Government (National Parks, etc.)
http://www.cnbc.com/id/102425356
I don't think Costco will accept Apple Pay aside from if somehow they only allow it when …
I don't think it's necessarily a thing (nor do I see why it necessarily has to be, I mean, pick great REITs and there shouldn't be a need to have a giant turnover. I'm seeing around 20-40% when I looked at a few random ones.)
"Cramer is an entertainer, who gives out stock advice. The thing is that the traders don't know when he sells or if he sells a security."
The only thing that he can manage is the Action Alerts Plus (cheesy name, I know) portfolio. His subscribers g…
Thanks. Personally, I effectively have a "filter" and that filter has been trying to improve over the years. I love to research, I'll read anything, but it becomes filtering the information and maybe I take one little thing away from an article. May…
I own Apple and am certainly pleased with recent performance. I wouldn't add any more, but am not selling and just leaving what I have as a long-term holding. The fact that the iPhone is effectively 65-70% of revenue is concerning to me, but seems l…
Buffett (again) "I NEVER invest in a company unless I understand what it Does"(to make money)...pretty clear advice...
People want to make money but they don't want to put in the effort. It's not easy. I have my investments spread across a lot of in…
in his defense, He always states " this is my opinion, it is up to you to do your own Homework"
but we all know those investors looking for "Free information" to make them money actually do.....thus their downfall
This. Cramer's far from perfect, b…
"Costco cards accounted for 8% of American Express’ billed business and 10% of its cards, according to a note by John Hecht, an analyst at investment banking firm Jefferies."
I believe Costco also makes up 20% of Amex's worldwide loans.
It's a bi…
I don't know who could replace Stewart. Louis CK would be amazing but I don't think he'd do it. Jim Gaffigan would be great, but would probably lean towards the goofy too much whereas Stewart managed to find a balance.
Why Ted, Why?
Why not? Or why get so upset? LOL, it's someone who's been on the floor for 150 years, I think he may know a couple of things he picked up during the eons he's spent at the NYSE. The only issue is that CNBC doesn't actually let him tal…
"Well, that depends completely on what currency the debt is denominated in. "
Quite true.
A lot of Russians took mortgages in other currencies.
http://www.businessinsider.com/some-russians-are-freaking-out-as-their-mortgages-soar-2015-1
And how does devaluation help the global debt picture? I should think it would make it more problematic.
Devaluation helps make it easier to pay back debt with cheaper and cheaper currency.
Nothing would really surprise me at this point in terms …
BOA is just exercising their "fiduciary responsibility" to rip off the American citizen, as usual. I'm surprised that anyone finds this in the least way remarkable at this point.
You know, people do. People have this view that the problems with the …
I've owned a Salient cef before. When writing to the fund, the fund's manager wrote me back and offered to answer any questions via phone. So, seems like a fine company; was willing to talk with a very small investor despite a focus - as David said …
I'll disagree. While I can question whether or not buybacks are always effective (some companies do them really badly), they fall under fiduciary duty (as Charles noted.)
What the issue is is the idea that the government has been entirely focused o…
Another bounce back day.
HCP beat but still struggled today...part of the new cruelty. I like company more every quarter.
c
Interest rates. REITs have been flat to down last few days. I still think you get another opportunity with REITs in the firs…
I didn't get any (already own HHC and CP and it is SORT of Fairholme-y in that it's a consistently concentrated portfolio so you could follow along to some/all degree with relative ease), but for anyone interested I do now see a pink sheet listing a…
One in which ridiculously easy monetary policy is applied because no one wants to fix what got us to the reason why easy monetary policy had to be applied in the first place.
It's really quite simple.
World leaders around a table: "We threw money at the Greece problem and....it didn't go away!"
(all): "Who could have known this would happen?"
One: "Does anyone have any other ideas?"
(all): (silence)
(someone in the …
It's gone downhill, ratings have gone downhill and most people get their news online (and Fox noted the significant decline in people watching live TV in their earnings the other day.)
But, there's always his rapping:
Maybe prostitution will survive change. Is there an etf?.
There is a fairly large strip club stock (RICK) Actually trading with an 9 p/e and under book value....
It'll be a while and I've said it before, but Gamestop eventually goes this route, as well. The video game industry will go all digital. With more than half (52%) the float of GME short, I guess I'm not the only one with that view.
At some point the states and the feds will not accept a snail mail return. Might be a decade away, but the day will come.
At some point physical cash will go away, at some point there won't be a snail mail return. It's all heading in the electr…
I ecco Charles' "good grief" re Turbo. Just nuts.
I'm still battling my "suspicious" purchase of a pair of shoes in NY a month ago. Learned today that the debit card from a local bank that I used (successfully) for the shoe purchase was later "froz…
Some of the REITs got way too overbought. O trading down 5%. Still probably more to go, but as I've noted, I think you're going to get another "taper tantrum"-ish discussion on rates and that will likely prove to be another opportunity re: REITs.
Speaking of Sears, CNBC ran a story today. Different financial guru, similar story. Reading the comments, nobody believes the story.
http://www.cnbc.com/id/102390278?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=1023…
Data was stored without encryption, according to news stories this morning and I hope at some point that that will be criminal neglect - given the nature of the data, it would not surprise me (nor would I blame them) if someone sued the company/if t…
Pfizer. What a dog. I inherited a pile of Monsanto, which became Pharmacia, which became Pfizer. All I saw---though there were dividends--- was a share price which liked to fall, very often, a lot of the time. So guess what I did? I cashed it out an…
"“We will look wrong until markets believe we are right,” said Mr. Berkowitz, who scheduled Tuesday's event to respond to investor e-mails. “Given the human condition, we are much less comfortable answering when the crowd will agree with us.”
Ugh, …
".even, Eddie Lampert, who he knows is no longer regarded very highly by public."
Well, at least he realizes that.
"And, to Scott's point, on when BB may have turned. I believe it was 2011 and he went all financials."
I understand that some peopl…
I'll leave it to others to suggest global RE mutual funds, but I'll say that any investment in RE should be DCA, as I think RE names have run up significantly with people globally desperate for yield. I really like RE, but find most of the names I l…
MJG,
How did you go about gifting in terms of literally giving the shares? Did you have the guardians open an account for the shares to go into, did you put an account in their name, etc? Thanks.
I've thought about this before, but I think the problem that I have is that the complexity of actually gifting shares. There are some companies where you can buy share certificates, but that seems like a bad way to go about it and the fees are ridic…
Out of Abbott (ABT), Added to Gilead (GILD). Added Kennedy-Wilson Holdings (KW). Added to Amgen (AMGN). Sold a little Brookfield Property (BPY). Added to GAINX. Putting a cap on the amount of positions for a while in order to focus on current portfo…
