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.
"The Dodd-Frank financial-regulatory law of 2010 required the SEC to study the issue but didn’t mandate a particular conclusion."
2015: study-in-progress.......... is not a study in progress.
From the Sept 2014 MAPIX fact sheet (and as currently stated on the MAPIX home page, and presumably in the fund's prospectus):
Investment Objective
Total return with an emphasis on providing current income. (my emphasis)
@Maurice @Old_Joe
After ass…
I'll reserve comment on this one until the ex-date. Because Asian corporate accounting methodology generally leads to lower dvd distributions in the beginning of the year (our yr)(I can't recall who pointed this out to us--- was it Andrew Foster?), …
Assets: $140B (no thanks; in MF World, the morbidly obese tend to develop "health problems")
Interest Rate Sensitivity: Moderate, says M* (with 40% in Treasuries alone, and with ave. effective duration @ 5.5yrs? we'll see)
Thinking, Fast & Slow Daniel Kahneman
White Cargo: The Forgotten History of Britain's White Slaves in America Don Jordan and Michael Walsh
From 1641 to 1652, over 500,000 Irish were killed by the English and another 300,000 were sold as slav…
@msf But you did enjoy and were grateful for the extra customer service and advice you received while you were paying the extra 12b-1 fee at Citibank, didn't you? :)
@Crash
1. do you have any clue what the difference between PRSNX and their new Glo…
Actually, I don't know what the best solution to malware would be, but it is something I continue to put off and probably shouldn't...because of a story I heard early last year.
My brother is a prof in the Florida university system who, in addition…
@Gary Toward the end of next week, after reviewing the webcast for compliance issues and accuracy, DL will release the webcast for wider viewing. Clicking on the replay link will take you to a perfunctory form; after submitting the info, you'll eith…
Hahahahahahaha [double face-palm, shakes head side-to-side]. The more things don't change the more they stay the same. Turner is simply one big laugh-o-rama!
I'm with David. Things have gotten to the point @ M* where I would much sooner go with MFO criteria for rating funds on what matters-- usefulness, purposeful, benchmarking, and like that... until there's a change, I'm not going to spend another mome…
Addendum to prior comment: Into the Valley of the Shadow of Death Rides the Novice Investor
http://www.etftrends.com/2015/03/getting-it-wrong-with-mlp-etfs/
“Why so wild in MLP-land?” according to Miller Howard, a money manager that specializes in …
@scott
"bond-like returns" yes, an ...ummm... unfortunate word choice. Even if you insert "income" for "returns," then it still requires clarification that that may be what they offer but no assurance that is what yer gonna get. Lately, however, it …
@davidrmoran Agree. The dip seemed right, and I put $1K into ARTFX simply because I wanted to commit to Bryan Krug a.s.a.p. But I've not added to any HY for over 2 years, and I'll probably turn off the AIP into ARTFX soon. The recovery has been too …
The difference in performance probably due to big difference in asset size. With only 15M in assets, it is very hard to ever get out of the wading pool into the swimming area. It's for the best; it just wasn't working for anyone involved.
I suspect the stock markets aren't responding because they suspect (IMO, correctly) that this number has been heavily "seasonally-adjusted" i.e. it was created by modeling, not by raw/real number tabulation. As for the bond market, well, algo trades…
@Junkster Why are you worrying about bank loans? Don't you have more pressing concerns, like putting on boots and shoveling something white and heavy? Mush! :)
(1) Appliance make-over, making money by saving money:
Samsung 46" HD Smart TV (fire sale @ local Best Buy)
Med-size Stand-alone Freezer (high energy star rating)
(2) Building cash, and taking final gains, before the correction to come
Anything made…
I'm with @Edmond--- alternative asset? DailyAlts has some definitional boundary issues.
@Ted You are not mistaken; David mentioned both in his commentary. However, "if I'm not mistaken," you are mistaken in the use of your in place of the contracti…
@Ted Oh, come on, spread your wings, call it your "Euro Alt fund," do it for the sake of diversification. :) You too can become a Rothschild! How cool is that?
@Old_Joe Are you sure? I could swear I read somewhere or other that someone once said it was supposed to be. :) I guess they're "enhancing shareholder value" yada-yada-blah-blah-blah; I just didn't realize it applied so much to their shares uber al…
@Maurice. Ha, that Jack Ma is one shrewd dude. I didn't know, until several weeks ago, that Alibaba as well as several big operations like it are not listed with any Chinese stock exchange. This really pisses the Chinese gov't off, because they have…
It's an enormous mis-allocation of capital. Disgusting! As you research various stocks (say, the stocks in your stock MFs), do yourself the shocking favor of clicking on the insider trading tab/link. There you will see just where these buybacks are …
@JJM58
Prof. David got a tip about this change and posted a heads-up about it recently, here:
http://www.mutualfundobserver.com/discuss/discussion/19092/building-the-new-artisan-emerging-markets-team/p1
You might want to check it and the comments ou…
That Q4 retail spending was awfully weak. Why didn't those darn consumers go out and buy thangs with that gas savings money? After all, it was Xmas, for "Christ's sake." Well, we did:
Bon apetite (though, apparently, on a small budget; food vs. HC…
@BenWP
Salute, Voltaire: "Show me a great fortune, and I'll show you a great crime."
And, so it is with the healthcare industry--- their profits are coming out of our pockets, both directly (see above) and indirectly (so many tax credit cookies you…
looking back to my Xray reports ending around December the Growth Area within the portfolio held close to 13% in energy. Today about half that. So where did repositioning flow to?
@Old_Skeet Ummm, I think you're reading waaay too much into your x-r…
@DavidV
irs.gov
There is a pamphlet available for download that will tell you what you need to know, for your particular circumstances, including the forms required for reporting and how to fill them out. Based on what you wrote, I think you need …
He was on a contract that required him to work just 100 days a year as Pimco's "chief economist." By the time Gross left, his contractual obligations probably had already been satisfied, and there was no point in coming in "to help" those who had di…
The largest amount of Greek debt--- by far! --- matures in .... 4 months. But I'm sure this is simply a coincidence, and no one was aware of this as part of the new accord. The None Deal Deal.
I am SOOO DONE with this European Kabuki.
A strategy .... that will support his "unique investment beliefs." (?)
http://www.bizjournals.com/milwaukee/blog/2015/02/thornburgs-lewis-kaufman-joins-artisan-partners.html
@TheShadow
Seems like business has been picking up for you, lately? :)
This faster pace continues for much longer and you'll need to start thinking about B vitamin supplements.
