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.
If Mr Gross was of his stature in years past, this article would be generating a lot of buzz on this board. But now he's just another prophet of pessimism, the likes of many we have seen since 1982 (not sure where it gets 1981) Still, an interesti…
bee, I *rarely* buy anything recommended by another as I like to do my own research/monitoring. But I must admit, much of the reason I had a good 2012 (better than the stock indexes and junk bonds) was entirely your doing. You were a vocal propone…
I had read that article and while not necessarily disagreeing (Marty Fridson the junk bond guru feels likewise) markets don't usually top amid gloom but ebulience. It's encouraging that junk is outperforming not just everything in bondland in 2015,…
Just another perk of being in the demographically "elderly" class (over 65) and financially secure category. Not so much so though for our kids and grandkids.
Deleted post and graph. Speaking of one-fund lazy retirement portfolios, I tried to compare the two conservative five star funds listed here with my beloved junk bond funds over the past 10/15 years. I used one of my favorite five star junk bond f…
Puddnhead, Ted's link says it all. This is a totally different market than the corporate or muni junk arena where I tread. As an aside, the corporate junk market has been strong in 2015 outperforming many equity indexes ala the Dow, S&P, NYSE C…
Maybe Ted will now tell us how he really thinks! ;)
Oh, yeah, I am selling JAHYX and buying HFRZX.
The resilience of the open end junk corporates has surprised me this week. I sold some (put 15% in bank loan) but may have to go right back in if n…
Didn't read the article, but I would think keeping your mind active as you age is just as important as exercise in old age. I can't think of any better mental exercise than following the markets. When I was young I use to sit in the brokerage board…
"Time for the bank loan/floating rate funds? "
I have had DLFRX on the watch list for some time now. Maybe it's time?
Not bad at all and you may want to check out EIFAX or HFHIX too. I may go into SPFRX if I can figure out how they are performing…
i think we have at least 5 more years of this low interest rate environment. It could be more. The debt, aging population, unemployment, wage stagnation will help to keep it down.
I hope you prove prescient. I would be thrilled with just a year …
It is a shame that you didn't enjoy your younger years. I try not to tell myself, "just wait until retirement", but I do try to make the most of the present.
OK, maybe I exaggerated a tad. But my 20s did suck. I was a lost and aimless person t…
I haven't seen Lou in many years, but I do remember his show back then. He was pretty darn entertaining, I must say.
I hope not because you would be like that character in the Bruce Willis movie whose most famous line was " I see dead people"
@Junkster, regarding your thoughts on old age, perhaps you are correct in general but remember that stuff happens once you get past the age of 50 or so. I was doing well then all of a sudden I was fatigued. Type 2 diabetes. Diseases have a way of …
Dex, love that someone here has finally talked about their annual expenses in retirement. I live in a real low cost of living region of the country and all my *single* friends that are retired live *very* comfortably off $32,000 to 42,000 yearly. …
Speaking of dentists..... and I am sure after saying this I will need immediate dental attention next week...... My last visit to a dentist was June 1969. I have always had good teeth most likely because I chose my parents well. My 94 year old M…
Speaking of emerging market debt, here's a recent article that doesn't exactly make you want to run out and buy them. But as one of the reader comments stated, maybe just the opposite. Meaning, when prices are rising amid these type of doom and gl…
I'm still 100% in HY Muni bonds paying me about 5.1% - only state tax. Munis haven't seen capital appreciation this year. My guess it is the possible Fed increase later in the year holding them back.
My current plan is to stop the re-investment…
On the inaugural show of the new Wall Street Week, Mr. Gundlach mentioned that a crisis in junk bonds was coming. I guess he knows the day and the hour when it will begin.
http://m.wyff4.com/money/junk-bonds-the-next-financial-crisis/32465346
Gund…
Agree Derf, the next overdue bear market will dwindle that already miniscule percentage. Nice post clacy! If SS is your only source of income, my rule of thumb (subject to debate of course) is a debt free single person needs $2,000,000 and a debt…
@JohnChisum
Make that 2 folks here, who have not eaten there.
Perhaps a more radical circumstance; is that although I am a coffee drinker, I have not had anything from a Starbucks.
+3 Then again, I have the absolute worst diet of anyone on this …
Talk about an aging mind! When I said the two most frequent panelists were Michael Holland and Carter Randall was I confused. I meant Frank Cappiello not Michael Holland. At least Mr. Cappielo wasn't as bland as Mr Randall - the eternal bull. Th…
@ Junkster (& others):
It was Eddie Brown. Still around. "Brown Capital Management"
Pretty impressive guy from nowhere/nothing...
As Old_Joe said "good work". I remember him well now that you have jogged my aging memory.
I would wager no one on this forum was as addicted to Wall Street Week as much as me. From its inception I NEVER missed an episode. What I learned most was no one has a clue to market direction. In fact, the market more often than not moved in th…
OK, LOU Holland. I must have mis-heard.
Crash, this thread is so long haven't read it all. But Michael Holland was also a panelist and in fact probably the most frequent of them all along with maybe Carter Randall.
Does anyone recall the black advisor that was often a guest of Lou?? I seem to recall "Brown" but not sure. I remember that I was impressed by this guy at one point when I was thinking about an "advisor", but was not exactly in that "wealth rang…
Sorry to be the contrarian. But outsized returns?? Not over the past 10 years. I rarely to never listen to money managers because it is easy to sound educated and articulate on a subject. Results impress and sway me more.
Still long Dolphin Capital as a cheap (less than 38c a share) play on Greece.
http://www.dolphinci.com/
For the uninitiated, 38c per share? All I can see is where it has declined from around 175 in 2007 to 25 today on the London Exchange. I assu…
When Lou would sit at the big table and the weekly guests would join him, sometimes there was a *very good-looking* female in the mix. I don't remember her name but I wouldn't mind seeing her again. :D
Sorry for being so shallow. :(
Gail Dudack. …
When Lou would sit at the big table and the weekly guests would join him, sometimes there was a *very good-looking* female in the mix. I don't remember her name but I wouldn't mind seeing her again. :D
Sorry for being so shallow. :(
Gail Dudack. …
Hi Junkster,
Old_Skeet here. I am serious about this comment and strongly sugguest that you consider starting a monthly newsletter as to how you are positioning within the markets. Heck, you could even provide a copy of your book for new subscrib…
http://www.morningstar.com/funds/XNAS/GBMFX/quote.html
In the spirit of full disclosure I decided to do some more checking. GBMFX is their flagship fund. Not terrible by any means but other than their 10 year track record no great shakes.
They h…
And if you go back to their forecasts beginning in 2009 you will see how this stuff is worthless - utterly worthless in fact. These guys have no more clue than you, me, and the man in the moon.
Edit: Here's their 7 year forecast beginning Novembe…
When I saw the header for this thread I thought it was going to be about how left handers make for better investors because they march to a different beat and don't run with the herd and do their own thinking. Boy was I wrong!
>>>Matthew Tuttle, chief executive of Tuttle Tactical Management, says the biggest junk-bond ETFs—such as HYG, up about 1.8% this year, and SPDR Barclays High Yield Bond, up about 1.9%—.......
Here's a link to the February Barron's thing on Gundlach:
http://online.barrons.com/articles/SB50001424052970204442204576144662301971254?tesla=y
Am I missing something here? You linked a four year old article.
Oh, goodness, you're right. Sorry …
"I don't often know where my ideas come from. Maybe it's the fact that I'm obsessively regimented in my analysis, borderline autistic. But whether it's bond selection or asset allocation, we can do it better than just about anybody around.."
Those …
Here's a link to the February Barron's thing on Gundlach:
http://online.barrons.com/articles/SB50001424052970204442204576144662301971254?tesla=y
Am I missing something here? You linked a four year old article.
>>>Personally, I share a lot of what I do on this board and when I do, I give reasoning. I do own GILD and other healthcare stocks and a few differerent funds. As for GILD in particular, you have a company that had $24.9B in revenue in 2014…
