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rjb112
Well thanks for all your great instruction and telling me about it.
I looked up some analyst reports on AIG.
Almost all analysts had basically a neutral rating.
Morningstar has a fair value estimate of $60.
The only strongly positive rating I saw was the Schwab Equity rating, which was the highest rating category th…
So I guess October is going to be fun! I was surprised how many sarcastic and negative comments there were about Hulbert. I guess after so many years he's gathered his fair share of haters.
@LLJB: where did you see those comments about Hulbert?
Someone please check my arithmetic.
$3.6B ETF, $81.9M net withdrawals.
$81.9/$3,600 = 0.0255 = 2.55%
Where is this 13% coming from?
@msf: Here's what I get: 2.275%
So yes, agree with you. Have no idea where this 13% is coming from.
Just watched the Wealthtrack interview. I was impressed with Berkowitz's answers on why he believes he is and was right to invest in AIG, Bank of America, Fannie Mae and Freddie Mac. I also thought that Consuelo Mack asked poignant questions. I did…
@Ted, I posted it Thursday, when I found out about it. Mainly because of Bruce Berkowitz and FAIRX, not because of Wealthtrack. I watched the video last night, even though I don't have a subscription. I think they typically show up on the webs…
Did you watch his interview on Wealthtrack yesterday or today?
http://www.mutualfundobserver.com/discuss/discussion/15851/fairholme-fund-s-bruce-berkowitz-on-this-weekend-s-wealthtrack#latest
It was very interesting. Makes his case for AIG, BAC, …
I was impressed with BB and his case for AIG.
Why is the forward P/E for AIG higher than the trailing P/E? I don't recall seeing forward P/E's lower than trailing P/E's.
Why is the market only valuing AIG at 0.7x book value?
M* has a fair value e…
So, is BB in or out?
If he is not extending credit, is he still holding the stock?
He didn't mention Sears in his interview today.
He did give a nice interview, and presented the case for AIG, BAC, Fannie and Freddie.
I thought he did a good job.…
Bruce Berkowitz's interview is now on the Wealthtrack website, http://wealthtrack.com/
He doesn't talk about Sears or St. Joe, but talks a lot about AIG, Bank of America, Fannie and Freddie. Interesting interview. And in the Extra interview, about…
Can't stand the "Alphabet Soup" of mutual fund share classes, and the marketing/sales of funds with loads.
If they want to have a retail share class and an institutional share class, that's more than enough.
He seems to like closed end bond funds a lot, especially when trading at a discount to NAV. Probably Janus doesn't have that, nor the variety of bond fund choices Bill Gross is used to. Right now JUCTX has less than 13 million in assets! I always…
Here, the Bogleheads are generally a pretty scholarly group:
http://www.bogleheads.org/forum/viewtopic.php?p=1118152
Bruce: The $1K limit is supposedly across all retirement accounts and refers to UBTI (again generally the operating earnings of th…
http://socialize.morningstar.com/NewSocialize/ViewPost.aspx?apptype=0&PostID=3235563
3. Is the UBTI per IRA custodial account or per individual?
The answers I've gotten to this is its per individual, which makes sense, although its accounted f…
http://www.naptp.org/PTP101/BasicFacts.html
"Can I hold MLPs in my IRA?
Yes, but MLPs may not represent the best investment for a retirement plan. First, an MLP offers significant tax benefits that are better utilized in a taxable account. Secon…
I'm not a tax guy, and not at all familiar with MLP's....but I thought I would Google your question.
Not sure if this is what you are looking for, but check it out:
http://www.investinganswers.com/personal-finance/tax-center/mlp-tax-issues-every-i…
Unfortunately, I lost the site name, if it even still exists.
Do any MFO members recommend free sites that they've used to answer tax issues?
Try this:
http://fairmark.com/forum/
The guy who runs the website is a true tax expert.
There is a foru…
Bill Gross is having a very bad year.
I am starting to feel sorry for him.
How many bad things can happen to a guy in one year?
John is right, not long ago PIMCO had a stellar reputation.
Bill Gross was The Bond King
PIMCO can't see the neutral policy rate at 4% either.
They have their "new neutral" at 2%.
Of course, the FOMC members do think the neutral policy rate will be at 3.75%, according to their "dot plot"
We shall see.
@LLJB: The way the Jack White brokerage did it was interesting. You put your name on a list at Jack White, telling them what funds you wanted to purchase and how much.
They took care of the rest. This worked great to buy load funds without paying…
Speaking of which, someone needs to start a website offering service for person A to sell his mutual fund shares to person B. Might help the markets if fund does not have to sell shares on open market to meet redemptions, and again buy. Wouldn't th…
I like the outfit (not an investor with them now), but I don't like the idea of a hard close. I'm a big fan of the soft close, but I'd like to be able to contribute more going forward.
I haven't seen too many hard closes, come to think of it.
I…
h,lmgtfy:
https://www.invesco.com/portal/site/us/financial-professional/etfs/product-detail?productId=SPHB
I had put the symbol you posted into Morningstar and they didn't recognize it.
No wonder, you posted the wrong symbol.
"Using M* I listed …
"Global Microcap, the micro-cap subset of Global Reach"
Hmmm.....Global Reach only has a market cap average of 718 million.
Sounds like a micro-cap subset will probably have a market cap of 200-300 million
I'm not sure why number matters? I was more wondering if "wide moat" approximates quality?
jlev, I think you may be right, and "wide moat" probably is a decent approximation of quality.
The reason why the number of stocks matters:
Let's say you a…
I'm not quite sure if it's the right comparison, but I use MOAT as a proxy for this concept
http://www.vaneck.com/funds/moat.aspx
"a rules-based, equal-weighted index intended to offer exposure to the 20 most attractively priced companies with sus…
I like QUAL. Good concept. Great low fee. Volume still on light side, despite $500M AUM. So, use stops to help prevent getting stung by spread.
@Charles, how do you distinguish a bid-ask spread from a premium-discount to NAV?
Which of those 2 are yo…
Another popular one is "I'm from Microsoft and I'm calling because your computer has a problem". They call from a call center in India, claiming to be a Microsoft technician, and they have identified a major problem on your computer that needs to b…
For Fidelity, once you hold a position in a fund, even if you transferred it in, you can schedule "Automatic Investments" in the account settings. "Automatic Investments are $5 per trade. You need to schedule it at least day ahead and schedule at …
