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I figured... :( I don't want to cut and run just NOW. Worst possible timing. I can afford to wait a while.
I said same thing in Sep 08, which was NOT worst possible time.
Yep, those drugs are very effective, prices are almost fair and Medicare covers almost all the costs. So instead of paying 100% of drug costs, they could just invest difference, say $100 into IBB every day and could be sitting pretty.
Reply to @davidrmoran:
Concentrated funds seem to do the best, which is why I like these funds, but AOR is not bad for 0.30% ER, similar to Vanguard Star which I use for kids 529 plan. I think all of the above make good core funds and then go heav…
Reply to @David_Snowball:
From the WSJ article
If you don't have current subscription, search for
"And the Next Star Fund Manager is" on Bing/Google and click the WSJ link to get full article and full table.
No Confirmation Bias at all :)
ASTON/River Road Independent Value Fund ARIVX 97%
Greenspring GRSPX 96%
Akre Focus Fund AKREX 93%
Queens Road Small Cap Value Fund QRSVX 93%
Oakmark Equity & Income Fund OAKBX 91%
Appleseed APPLX 87%
Berwyn Income…
Looks like Icahn pumped another $500M into Apple today. I thought Netflix tanked because the programming costs were so high, but Icahn got a triple out of Netflix in a year so he does have an incredible record.
Reply to @Charles:
Apple stores highest gross/SF in USA!!
1. Apple
> Sales per sq. ft.: $6,050
2. Tiffany & Co.
> Sales per sq. ft.: $3,017
http://www.usatoday.com/story/money/business/2012/11/18/most-successful-retail-stores/1710571/
BDMCX is market neutral fund with no long term record, MFLDX is long/short equity that was down -13% in 2008.
"Long/short equity has a variable beta, ie, can be neutral to the market, but also
net long or net short". Since market on long term is u…
Reply to @Charles:
Hedge fundie Lampert has decimated Sears. Investors should refuse to touch the stock and hopefully someone else will take over. RSH has been spiraling down for 15 years. New concept store seems like a good idea, but they need…
Just got in MFLDX this week at Schwab. Expected trade to be cancelled because it states only open to existing SH, but I was able to get in on employer self-directed account. Maybe Schwab aggregates so MFLDX only sees one big account. For BDMIX, m…
Reply to @Old_Skeet:
I've been here longer than most and was semi-active in the fundalarm days and find this board is quickly disintegrating because of chaos in the discussion board. Most of us have jobs, kids, activities, etc and can't spend unli…
It was warmer in the South Pole than Chicago this morning!
Don't miss those frozen days of my youth in Chicago. In SoCal the wind chill got below 70, so had to put on a long sleeve shirt, unbuttoned.
Did you mean to put these link instead?
http:/…
On second thought there is just no free lunch: Better stick to good stock pickers
"Low Beta Bubble’ is ‘On The Verge of Deflating’: BofA"
http://blogs.barrons.com/focusonfunds/2014/01/06/low-beta-bubble-is-on-the-verge-of-deflating-bofa/?mod=yahoo…
Reply to @scott:
Is the Bid/Ask on ALFA $35/40??? Sure way to loose many.
Would GURU investment would be better with 20% in cash and 80% in GURU?
SPLV is probably more appropriate for this crowd, guess the high percentage utilities in the fund ma…
Reply to @cman:
I have the suspicion that A-A reasoning is being used as well. It would take Dr. Hussman to refute.
However, it logically makes sense. Once more investors allocate to stock the P/E ratio goes up and stock become overvalued.
Sextant International SSIFX is low risk/return.
This is small cap but has done well- Grandeur Peak Global Opportunities Inv GPGOX.
You could try 60/40 in these funds?
Reply to @Charles:
Unfortunately, my Govt colleagues read that dictionary. Too bad we don't have super smart people like you training them! (That's meant as a big compliment)
Reply to @Charles:
Charles,
In the dictionary under Medicare, first word is fraud.
WSJ actually did some good investigate work in the last few years on Medicare:
Senators Push to Open Database on Medicare
But then what do we expect with good Heal…
This is almost a buy and forget fund. Amazing that size is less than $800M, while much worse funds(risk/reward) at Fidelity, etc are 10-50 times bigger.
I was in India a few years ago and while cities appear to be growing, the lack of infrastructure is apparent everywhere. Electrical power is not lacking and the socialists are in total control which limits new investments. Oil prices are hurting ec…
Thanks David, looks great. Hope most of my 35 orders from Amazon this year came got credited to MFO.
It would be neat if we could add some more columns such as current manager tenure, Expense Ratios, Loads, etc using Steele DB. Uhm, yeah, It woul…
Reply to @Joe:
Wait, so these guy are pumping Drucker and Porter and mocking patron saint of capitalism - the beloved Chicago school Milton philosophy that presaged the 2008 Armageddon? Those sad socialists.
Reply to @VintageFreak:
Well the double Dr. probably had to use the funds to buy his Gulfstream 5 so he can personally pilot it to see his five close friends on 5 continents in his free time.
Dr Hussman is also brilliant scholar but not necessaril…
I couldn't post this link in my reply above:
Top Spine Surgeons Reap Royalties, Medicare Bounty WSJ December 20, 2010
http://online.wsj.com/article/SB10001424052748703858404576214642193925996.html
Reply to @JimJ:
Dr. JimJ,
The health care problem that is a bigger issue than the device tax is Medicare funding. With aging demographics, the Medicare runaway train can not continue unabated. The WSJ has been highlighting Medicate fraud for th…
Where is quick way to get the 10M SMA?
I found quick summary for June 2013 at link below which includes iShares Barclays 7-10 Year Treasury (IEF) and the PowerShares DB Commodity Index Tracking (DBC), and Vanguard FTSE All-World ex-US (VEU) which…
"Why the stock market rally may continue
Unless the economy rolls over or quantitative easing ends, stocks could keep rising."
This commentary below makes sense to me. So this is reason 6.
https://www.fidelity.com/viewpoints/market-and-economic-i…
TA is probably good for individual stock but not great for index.
Yamada basically called for sell signal at mar 2009 bottom
http://advisoranalyst.com/glablog/2009/03/08/yamada-sees-44-of-nyse-stocks-under-10-as-shocking/
Pinnacle Value is up 16% for year with 30% cash, while ARIVX is up 7% with 50% cash. Both great for risk averse. Should I add ARIVX to a couple of Roth accounts which are sitting in cash just in time for fiscal cliff?
Reply to @kevindow:
MFLDX, Interesting Bloomerberg interview on Emerging Markets. Manager states that super luxury firms opening up in Brazil, etc are bad omens for equity markets. Probably dispartity in income preceding slowdown.
http://www.blo…
