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've said many times in the past that I would not touch an ETF or a closed end fund with a ten foot pole (regardless of its category) because of their volatility compared to the open end funds. What we have seen here recently is a good example. HY…
>>>>Did you have ice water injected into your veins as a newborn, or did you have that done later?
p.s. I live in Carson City, less than 15min drive from the eastern crest overlooking Lake Tahoe, 30min from Desolation Wilderness, and 60m…
>>Are your stops mental or do you have a good relationship with your broker? See, when I go out hiking it's for days on end with a backpack and no specific time agenda.
Yes, my entire liquid net worth is normally 100% in one fund. But I use a tight trailing stop of around 1% to 1.25%. Remember I am into tight rising channels and at this point in my financial life bond funds. Look back at 2012 and PONDX or last ye…
Thanks Dex, MJB, and bee. Interest-wise, I've had a very one dimensional life. Trading, running, and hiking. As boring as it may sound to some, for me retirement would be focusing as much as possible on the latter two interests. That's what I …
Thanks OJ, *really* good advice. My goal has always been a nest egg large enough to sustain me even if it never generated another penny of appreciation. In other words, if necessary, just live off the principal of my nest egg. We need more thread…
Dex, being single, totally debt free (no mortgage or rent) and frugal makes a huge difference. I am struggling with when enough is enough. I don't want to spend my years forever fretting about the markets and posting in newsgroups. I don't want t…
Dex, I completely agree, a million dollars isn't what it used to be. But forgetting about pensions and SS, there were still a lot less than I had imagined that had $1,000,000 in investable assets. It used to be that $1,000,000 was the marker for r…
And at a cursory glance, looks like it will be the 64th record high this year for corporate junk bonds as measured by the Merrill Lynch High Yield Master II Index. For a long term view of this market click on the link below and then click on "Max"
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David, how do you handle over zealous, groundhog day, ever repeating, broken clock posters?? It's hard not to engage them in sometimes contentious discussions.
Edit: OK, edited former post. I guess the best way and most harmonious for the boar…
Great post Old Joe albeit not sure I should be included above as I seriously misbehaved a few months back.
fundalarm, still sticking with junk munis as they have yet to have a meaningful correction YTD. Using a 2% trailing stop from highs as my ex…
Flack. I agree with the gist of what you are saying. Just that my idea of market beating returns and especially drawdowns are worlds apart from Charles' moving average studies. Admittedly though, they are better than the buy and hold crowd. (But …
>>>Actually, Charles researched my LT market strategy and provided this -
http://www.mutualfundobserver.com/2013/06/timing-method-performance-over-ten-decades/
Come on, backtested, simulated, hypothetical results are utterly worthless. An…
cman, say it ain't so. Hopefully, after a brief sojourn, you will be back. I've been on a brief hiking vacation so don't know if there was something that precipitated your decision. I've always found you and Investor (long gone) to be among the mo…
I've had my best (dollar-wise) January to May ever, but it's sure not because I had a clue. At the beginning of January I felt stocks were doomed because many sentiment indicators were at all time records of exuberance - more than in 2000 or 2007.…
More than anyone on this board, you rail against the self proclaimed experts (and rightly so) and their ability to predict/forecast the future. Yet here you are raving about the professionals (?) at this seminar as if they have a clue. They have n…
STB65 Ted will probably post this and maybe it should be in its own separate thread but here's Gundlach latest musings.
http://finance.yahoo.com/news/gundlach-could-verge-one-biggest-190053082.html
As an aside, he's not the manager but his Doubl…
Now, if we could only get Investor back!
I'll second that on Investor. He was a good guy. As for me, hopefully kinder and gentler. Then again, there's MJB to deal with so can't make any promises. Hope he is recovering nicely from his eye surgery…
Please don't enlighten the bond haters. They are needed to keep propelling yields lower, prices higher. What we don't need is a major shift in consensus that bond yields can only continue to go lower from here and for the bears to go into hibernati…
heezsafe says >>But perhaps I read too much into Junkster's comment about the "pure joy" he feels about this year's Treasury performance; that's why I wrote what I did.
http://www.bloomberg.com/news/print/2014-05-12/gundlach-s-no-normal-means-treasury-yields-defy-market-selloff.html
OK, so I didn't stay away as long as I said. I lied, so shoot me. Am I the only one who has been in complete awe, amazement, and pu…
Thanks guys. I am a bit surprised as I thought I would have had more "don't let the door hit you on the way out" responses. No sense in anymore histrionics on my part so won't make any finaI drama laden post like I have seen some make in the past…
Old Skeet said "By the way, what got you so all upset about the post? From my perspective, he seems to have done ok through the years even though he has had a few rough patches."
I should apologize to you and bee. I don't belong on this board and…
Documented? In days gone by I documented all my claims with real money brokerage statements. Can't any of the other Dream Merchants do likewise instead of all these disclaimers it's hypothetical etc.
Sorry bee, you don't have a clue! I could care less what someone did in some make believe hypothetical account that long ago. The past years are what is telling and especially since 10/16/09. I can't believe how enamored some here are with *make …
Sorry old_Skeet, in a bad mood today related to our first real snow storm of the year. The "can't be serious" wasn't related to his Europe position but why you would even post this garbage on the board. For the past six years he has been lost in t…
You can't be serious??? Unless I am missing something here, this blankity blank hypothetical make believe timer has significantly underperformed the S&P over the past 1, 2, 3, 4, 5, and 6 years!!!!!. Edit: That's what I call a trend.
I have always been a the less diversification the better kind of guy and my entire liquid net worth (taxable and non-taxable) is in NHMRX. ( A strategy I can no longer employ in equity funds, only bond funds) Who says you aren't suppose to put muni…
I have watched pretty much all my friends' parents pass away over the past many years (except thankfully for my aged Mom) and with just about every health problem under the sun. I realize I may be naive here but the only medical expense killers I …
A better way to insure against living too long if you are healthy is to use longevity insurance policies. These are deferred annuities that start to pay out when the buyer is 80 or older. Because of this they are cheaper and pay out much higher rate…
Remember that the 8% for a 71 year old is just the annual payout. It is NOT a rate of return since your heirs lose all of your initial investment at death. If you die in less than 10 years, the annualized rate of return is actually negative. I would…
Mona, I would simply add to OSTIX, a staid, conservative but great steady eddie of a bond fund. AYBDX is barely outperforming OSTIX YTD and I can think of must better in that area. Plus, if junk takes a tumble they will be both sell off in tandem…
