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.
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Sven
Lynn,
Thank you so much. I am planning on a 3-year ladder since I am a year away from retirement. Lots of spreadsheet work to calculate the income replacement needed. This ladder will create a steady income stream. So thank you for all your help.
I moved back to high quality bond funds this year. Some of which you covered in the SA article. For now, I will stay with agency bonds to the bond ladder. I will pick active managers for corporate bonds.
Sven
Biotech have had good run for several years until this week's forward guidance from several big caps. I think I have enough exposure to this sector unless there is further pullback, then it becomes more attractive.
@DavidM said,
Education lets you adapt better and more readily develop new skills.
How true! My doctoral advisor once said "the more you know that you realized how little you really knew". This humbling statement came from someone whose thesis di…
For the sake of PC, I won't post an You-tube clip of "When Sally Met Harry". But I think is having one of those moment - I am having what they are having.
Can't image him attending Warren Buffet's shareholder meeting in Omaha. Other than using hedge funds, his stock picks is nothing special, i.e. no strategy.
@Scott, agree with you on Gilead. It is due to report earning on July 28th. On the longer term, Gilead is truly undervalued with respect to the biotech sector.
Agree. I have American Express card from private firms I work for. The is no spending limit on AmEx card whereas Visa and Master do. They are useful in long oversea business trips. Still prefer Visa/Master for personal use since they are more wi…
At different timeframe when the inflation rates were double digits, I am sure many had made money on PM. Today situation is quite different and PM don't fit anymore, at least in my portfolio.
Former First Eagle manager, Jean-Marie Eveillard, of First Eagle funds, always like to hold some gold in addition to cash in the global funds - conservative and cautious investor.
Who in SD country board made these poor decisions?
The City of San Diego simplified its pension plans. It barred the use of leverage; it now favors a low-risk, asset-allocation approach. As we discussed last year, it is reaping the rewards. The cit…
@Dex, I was referring to msf's prepaid cell plan. Our family plan (5 lines) cost us more in one month than what he pays for the whole year. While we are in the accumulation phase, now is the time to learn others who are doing well with their $$.
Gordon Gekko in the film, Wall Street said "for the lack of better words, greed is good". That sums up what is coming to Oppenheimer who jack up the yields to attract yield hungry and naive investors. And now both Oppenheimer and the investors are…
I vividly remember Brooksley Born who got ran over by Alan Greenspan, Larry Summers, and Robert Ruben during Clinton administration on regulating multitrillion-dollar derivatives market. No wonder there was ill feeling when Larry Summers was seekin…
Interest and relevant read on Ireland's recovery since 2008. Challenge is that Greece's economy is very different from that of Ireland, and it is difficult to grow your economy out of recession in their situation.
internationalpolicydigest.org/2…
Novice investors don't have the patience and long-term view. My only regret is that I didn't own enough of AAPL when Steve Jobs returned to Apple. It has since grow to near the single largest holding in our portfolio.
Peter Smith, chairman of the Templeton trust, acknowledged that the fund’s performance was “very disappointing,”
Möbius has been lagging the emerging market index for some time while the fund carries high expense ratio (A shares has a 5.75% load wit…
The reason is US dollar is strong relative to the rest of currencies. DODLX probably has considerable exposure outside of USD. About 30% of Loomis Sayles Bond is in Canadian dollar and Mexican Peso, it also underperformed this year with -2.6 YTD r…
@John, you hit the nail on the head. If the same U.S. home loans application process is being applied to this plan, they are in deep trouble with few valuable assets as collateral and lots of debts (and getting worse). Recent defaulting on debt pa…
Ted posted earlier that Oppenheimer muni funds have significant exposure to Puerto Rico bonds, > 20%, while the more conservative Vanguard funds have less than much lower exposure. Vanguard High Yield Tax Free fund has the highest exposure at 1.…
It is forgone conclusion that Greece proposal is a done deal. The five months of brinkmanship game they played actually resulted in the lost of their credibility. As Mark noted earlier that this proposal could amount to nothing more than a Trojanh…
Microsoft is changing their business model to subscription-based that may produce more sustainable profits from quarter-to-quarter. This is what Adobe has moved to as well. I use both Mac, Windows and Linux. Windows 7 will be my last OS.
Apple's iPhone sale has sizable exposure to emerging market, particularly China. Recent decline indicates that Asia market condition could impact the upcoming iPhone 7 release. At p/E 15 would you own Apple or Microsoft? I take Apple anytime.
It is premature to say whether buying opportunities have presented themselves until the dust has settle first. Interestingly, Matthews Asia funds have been very quite lately on their perspectives.
I totally agree with DavidMMP that we, the MFO members, need to keep the discussion clean.
Few articles on China's stock market decline.
http://www.bloomberg.com/news/articles/2015-07-08/this-is-why-so-many-chinese-companies-are-suspended
http://…
DoubleLine has Luz Padilla @ DLENX
Have been invested with Luz Padilla for several years. Managing the asset class of EM debt is no small feast. She has achieved solid returns without incurring additional risk comparing to her peers.
I guess the Professor is wrong on the outcome.
My feeling is at this time — and especially a week from now in the referendum — the Greek people will say, “We will accept these conditions. We’re not happy, but we see the alternative is much worse.”
It boils down to personal preference. I invest with both Fidelity and Vanguard with Fidelity being the easier one to navigate. You can reverse the changes if you do not like it by contacting their agents.
On a side note, I migrated from Schwab …
