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.
Not an investor but I obsessively check the markets intraday and the impact it may have on my mutual fund positions. I am a big believer in the compound effect. The consistent compounding of my capital over time. For me the Compound Effect is th…
I have been reading about this corporate debt bubble for many years now going back to when oil was crashing in early 2016. I agree, someday in the future it will come to pass and it could be real ugly, even uglier than the naysayers are predictin…
Gundlach conveniently ignores the significance of the junk bond market which has been making all times highs. It made an all time high 11 trading days in a row beginning on 2/15. It backed off just a tad for a few days but when today.’s data is po…
@Old_Joe. Spot on regarding the timing of our births in relation to the major economic cycles. Many have prospered because we were just the right age to fully expoit the greatest bull run ever from 1982-1999. Then we got lucky again and were abl…
Just my opinion, but the secret to beating the S&P over the long term is that there is no secret. It varies from one investor or trader to another. However, I do agree on the importance of momentum. At least in the trading world that is head…
@Junkster hi! How are your junk bond investments going? I remember you did very well during the recovery.
I think at some point we will hit the wall again. It has been more than 10 years since last crash. I firmly believe it will happen again as t…
I remember @Investor as being very smart and well informed. More no-nonsense than many of us. My gosh - have to go back 5 years or longer to when you were active. We could use you here if you’d like to step in ... :)
My sentiments exactly!
Record corporate debt being a market timebomb has received a lot of attention recently from the likes of Gundlach and other bond market mavens. We heard about it a lot last year too. Actually have been hearing about the maturity wall since around 2…
The answer is actually "it's different for everybody." There is no formula.
Couldn’t agree more. Some have no REI since everything is covered by SS and pensions. My REI is 45 years and I am about to turn 72. That tells me I need to obsess more ab…
I guess I sweat the little things in life too much. But analysts etc. who use HYG or JNK as a proxy for the junk bond market drives me nuts. These are not total return indexes and hence are useless in knowing what is really transpiring in the junk…
@Hank this fund was discussed here over the summer and Dennis profiled it in the July(?) monthly commentary. I held the fund all of 2 or 3 days when I realized they held MLPs. Good fund and a good manager with an excellent track record But I stay…
Sure wish I knew about this sooner. I am well aware of the Catalyst funds and even more aware of the new fund effect. It is available at where I trade but alas, it is already up 8% YTD and since its inception at the beginning of January.
TD Ameritrade and I cant say enough good things about my experiences with them since my account was transferred as a former Scottrade customer. Their customer service, funds available, ability to continually change my fund trades before the close, a…
Attention to detail please! The Dow was never up anywhere near 499 points today, You got the close right at 24706.35 but the +499 points is from the Wednesday close.
Right. So why was the djia data feed for google combining two days? It says it'…
Attention to detail please! The Dow was never up anywhere near 499 points today, You got the close right at 24706.35 but the +499 points is from the Wednesday close.
Before jumping back into junk bond funds at the end of December I was 100% in a Fidelity money market fund. I would had no qualms whatsoever having all that in STATX were it available to me at T D Ameritrade. Kind of reminds me of IOFIX in early 2…
Cramer must be a fan of Marty Zweig as he would certainly agree that it is a new bull market. And the most hated market out there - junk bonds - is but 1.5% from all time historic highs. And all amid a government shutdown that shows no signs of e…
Hey MFOs,
Other than GNMA funds (such as FGMNX) what other funds fit in this category?
Good interview, thks for posting!
He is talking primarily about non agency rmbs of which they still hold large positions in. A number of funds in that categor…
I have never believed in conventional wisdom. Maybe I should reword my statement. As someone who worked minimum wage and part time jobs, diversification was not an option.
Edit. Somewhere in my pile of clippings I have an article from the WSJ…
Zweig ( working with Ned Davis ) was an early pioneer of quantitative analysis. Yet, most analysis since the 1980's has been weak as the main thrust and profit center of finance has been the acquisition of assets under management with associated fe…
Charts? You really don’t know my background. I have written extensively about my distaste for charts. I spun my wheels seemingly forever until I decided to throw away the charts and that turned my trading completely around. To originally build m…
FD , Hope to see you begin posting here. But beware some of your adversaries such as the Gatorbyters and Stillers of the world would never have their posts deleted here. And posting after the fact is a big no no here. And also be prepared to valid…
I never found Gundlach too adept at junk bonds as witnessed by his call for a crash right near the bottom in early 2016. I can find 1001 things I don’t like about junk corporate funds and especially bank loans funds. I was particularly negative on…
December 26 was one of those rare Zweig 9 to 1 upt volume days something I have discussed in the past. I am not much into technical analysis beyond pure price action but Zweig’s momentum indicator always gets my attention. The bottom in 2009 had a…
December 26 was one of those rare Zweig 9 to 1 up volume days something I have discussed in the past. I am not much into technical analysis beyond pure price action but Zweig’s momentum indicator always gets my attention. The bottom in 2009 had a …
Junkster: Call him yourself. 1-818-941-4618
Even better let’s ask @msf if he has ever heard of a daily accrual fund where the NAV drops each month (or in this case bi weekly ) by the amount of the dividends payout. Because I sure haven’t.
I spoke with the manager today. He said that the fund does have daily accrual.
All you have to do is look at a chart of this fund or look at its daily price history to see it is not a daily accrual fund. The price declines by the amount of the div…
Is this a daily accrual bond fund?
For example, if you buy this fund today, will you receive the month-end distribution for the remaining 4 days of December? And, if you sell the fund part-way through the January, will you receive a partial distri…
I wanted to purchase this fund awhile back but it wasn’t available anywhere much less at TD Ameritrade where I trade. Still not available at TD but now I see it is available at Vanguard with a transaction fee. From what I hear these newer funds go…
DODIX is an intermediate term bond fund, A category I have never and won’t ever trade. This is a discussion for after Christmas, As an aside, because of a comment I made here, I ended up sending an investor my 1040s going back to 1992 - as well …
>> I would be on suicide watch if I was down 4.6% YTD (or for that matter 1% or 2%).
So what are you in to keep you alive with 1% or 2% drops,
and more important why are you on any investment forum in the first place?
The $12 is for you…
Dark humor.
My math shows the S&P off 17.5% since its high in late summer. Not cheap - but “cheaper” than during the most recent euphoria. To me that implies valuations are heading in the “right” direction. I’m most curious when the report wa…
I look at the headline for this thread and then look at its results. -6.43 YTD and a paltry 3.40% annualized the past 5 years. No thanks! But so as not to sound contentious, I fully understand we all play this game from different comfort levels a…
Junkster said:
"Very early January may set the tone on where to be in Bondland for 2019. Maybe the formerly crowded trades such as PTIAX and PIMIX will return to the fore?"
Junkster,
So you are hopeful that the Fed announces they will stop raising …
Darn, Junkster, you play around only with the institutional versions? Big-time player.
I had sold 90% of my IOFIX a few weeks back, and today I sold that last 10%. Not sure what comes next, so sitting in cash (FZDXX).
Eyeballing RCRFX (RCRIX)…
