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.
Tradeking supposedly charges $9.95 to buy a no-load fund, and another $9.95 to sell one, regardless of the holding period. I contacted them a few years ago and was told that they charge no short-term redemption fees other than what an individual fu…
Great work Andy and what a nice fund! Wish it didn't have that pesky short term redemption fee. As I mentioned to someone here, that would be something I would love to own if I could ever get into a retirement mode. I should be out hiking today a…
Personally, I don't think individual investors that don't have time/skills to put in a lot of effort into due diligence should be buying individual stocks. Almost, every time I have known something about a company, an investor's perception of that s…
High Yield Corps - need to see how stocks behave - still a risky trade to me
They have actually bottomed before stocks YTD. At 36% going into today and will be 41% after the close. My friend here who trades like me is much higher. In the past I …
@Junkster Thanks much. Do you try to avoid funds investing in oil related junk bonds?
DavidV yes, so far the better performing junk funds are the ones with the lowest exposure to oil. So although I try to avoid the oil laden ones, if junk has a f…
@Junkster What are buying in the junk corpotates and what fund you monitor for the trend ( if not JNK or HYG)?
DavidV monitor JNK and HYG intraday and how they are trading in relation to their previous day's NAV. That can tell you about the cash j…
After today will be up to around 6% in the junk corps with 84% in the junk munis and the rest in cash. Would like to sell some of the munis to get heavier in the corps if the market cooperates by working higher. Then again, the worst may be yet to…
After today will be up to around 6% in the junk corps with 84% in the junk munis and the rest in cash. Would like to sell some of the munis to get heavier in the corps if the market cooperates by working higher. Then again, the worst may be yet to…
The open end junk bond funds were up today in spite of the plunge in oil and the decline in equities. Nice positive divergence so let's see if it holds. Sentiment can't get much worse.
Meanwhile, the JNK and HYG ETFs were down .85% and .99% respe…
The open end junk bond funds were up today in spite of the plunge in oil and the decline in equities. Nice positive divergence so let's see if it holds. Sentiment can't get much worse.
Hi @Junkster and @Ted and @jstr
The link was not posted as a pure and expert driven presentation; but as a readable document that can provide other "food for thought" for those so inclined. As is normal, one's investment mileage will vary.
I did …
There are NO experts. Below is a link to his commentary of August 2010. Just scroll to the very end and he says the March 2009 lows would be broken within two years. I for one hope this time around he gets it right and we have much further to fal…
Earlier this year, I dumped a good bit of HC fund PRHSX and a bit of PRWCX, so they are now 5% and 20% of my portfolio. I am continuing to DCA into PRWCX even so and have stopped doing same with health care. I am 3/4s convinced that drug prices wi…
bee Could not answer this without a long missive. But yes, I find junk leads. I stay away from FAGIX because it is not a pure junk bond fund and thus too volatile. Junk bonds bottomed 12/16/08, months ahead of equities. I would be curious what y…
I bought a 10% position in TGHYX. Monthly dividends, but I don't think I'll be holding it very long.
A *whopping* 2.5% in MWHYX. Nowhere close to a 9 to 1 day. Posters here don't know (and I don't think he will mind) Slowlane is another one of t…
Every significant market low over the past 12 years has been accompanied by a Zweig buy signal (9 to 1 up volume over declining volume on the NYSE) The 2009 low had three within a week - a first. In the 70s and 80s this was THE indicator and the…
Third highest number of new lows going back to the 1960s. All we need now is a Zweig 9 to 1 day and we are at 7.5 intraday as I type this. Junk bond ETFs are trading way above yesterday's NAV too.
Edit: Never saw a panic VIX reading though.
@junkster Where do you see comments from Jim Rogers didn't know if he was even alive .
Still around albeit I have found him over the years to be more of a contrary indicator. Always thought of him as a doom and gloomer and a gold bug.
http://ww…
Hank, get with the program. You are suppose to tell us many days after the fact and when the market is many percent higher what you bought at the lows. (now how does a Luddite like me insert a smiley face?)
edit: I would like to buy TLGT again. …
Hank, get with the program. You are suppose to tell us many days after the fact and when the market is many percent higher what you bought at the lows. (now how does a Luddite like me insert a smiley face?)
edit: I would like to buy TLGT again. …
FYI: Bond shop betting on an oil-price recovery.
Regards,
Ted
http://www.investmentnews.com/article/20160119/FREE/160119938?template=printart
I've been reading lots of these type articles lately. Not exactly a prescription for a bottom. Seems th…
Bowie and now this. Keith Richards must have made a deal with the devil.
Please allow me to introduce myself... Could Keith be the "Lucifer" in Symphony for the Devil. My favorite Stones song by the way.
Frey was a great song writer. Desperado may…
I'd correct the headline.
Oil has already blown-up. From $108 in 2014 to under $28 overnight. In less than 2 years it's given-up nearly 75% of its value.
That's far worse than the implosion of gold starting in the '80s. It took 19 years (1980-99…
RSIVX WBMAX ARIVX PRPFX AQRNX MFLDX WAFMX SFGIX I just hope GPMCX is not the next.
Not arguing with your overall point, but I don't think WAFMX and SFGIX deserve to be on that list. Sure, they've lost a good amount of money on an absolute basi…
@Junkster: referencing the sizable cash positions?
Don't mind me. Sometimes I can be an ornery cuss. Just a reference to all the funds most here tend to congregate in. Not exactly wealth accumulation machines the past several years. But most i…
Old_Skeet couldn't agree more about different strokes for different folks. In that vain I thought that buying/selling thread was inane. We don't even want to go there here. I will message you after my hike today about that. I am real old school.…
Been thinking lately that the world has gotten so good, so efficient at making stuff, mining stuff, farming stuff that there is just too much stuff, resulting in an oversupply of everything.
Could not agree more. Some have said forever to stay awa…
AndyJ do you ever venture into the preferred? I normally stick with the open end junk munis or junk corporates whichever is trending. But am buying some NPSRX today. CPRRX is the master of that domain but I prefer the funds where the dividends ac…
Had this discussion before but with 50% B credits or lower and near 50% in Munis PTIAX should be included in a high yield muni discussion.The fund keeps chugging along.
https://www.google.com/finance?q=MUTF:PTIAX&ei=MNKWVrneEpeSefmYudgO
ht…
Ended up selling two muni cef's today. They've gone parabolic in the last couple of weeks, up to a 10% total return for 4 months, can't keep that up. Nibbling now at a short duration junk corp/mortgage cef that's picked up some momentum lately.
May…
It was actually over 40 in the past 12 months and off over 40% from its highs. We heard the same thing (yield and insider buying) about the MLPs here and then they tanked up to 70% and more.
Dex said "I'm not one of them and never have. If I were I would do something to change that situation.
How about you?"
No. Not currently one of them. But I can recall some tough times in the earlier years - even after graduating from college and l…
Thanks for the input Anna. I assumed linter was aware of the Discussion+ category so I did not mention it earlier. Alas! We all come here for different things and have different points of view on how the board should operate!
hank, I don't know …
Junk corporates are holding up surprisingly well in 2016 amid the oil and equity declines. How much is its usual January strength and how much it's something else we shall soon see.
The muni trade seems to be getting a little hot now. I'm still heavy there, just hope it doesn't reverse too, um, energetically.
Agreed! Yesterday on Barron's Daily all I saw was to beware of 2016 in most markets but not so in munis. An article ab…
Being a trader can't offer investment advice. But I commend you for making it to 86! You may just be the eldest on this site. May you have many more good years ahead of you.
2.84% return for 2015??? Something is amiss. Maybe dividends are not included. Not even familiar with that particular index. Dex's HYD returned 5.06% Many of the open end high yield muni funds returned over 5% also in 2015.
Edit: Still think th…
Back in the days I recall a pattern where the first trading day of the year was a fakeout move. Let's hope tomorrow is a turnaround day. My stock for 2016 is TLGT. Looking for a buyout somewhere down the road. I am woeful however investing/tradi…
