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Hello,
For the week ending May 11th Old_Skeet's market barometer closed the week with a reading of 155 which put the barometer's needle on the borderline between fairvalue and under value for the S&P 500 Index based upon the barometer's metrics…
Can you say technology.
It's simple, the $100.00 bill you used was chipped with GPS tracking and since you got the bill from the bank it was followed until you spent it. Now, its travels will continued to be followed along with how many times it c…
I have had lunch with a number of advisors through my many years of investing.. Some I did business with and some I did not. Those that could not correctly answer my questions or said they would have "research it" and they'd get back to me. Well,…
Hi @Ted,
Getting one out of three right ... ain't to bad.
Now, if you'd followed Old_Skeet's betting strategy (by betting each of your picks to win, place or show) you'd be in the money!
I never hit the trifecta very often myself and quit betti…
@Maurice & @bee,
Well ... perhaps so ... perhaps not. I'm thinking some trust accounts don't get step ups?
https://www.costbasis.com/stocks/trustdistributions.html
Hello,
Old_Skeet's market barometer closed the week with a reading of 158 indicating that the S&P 500 Index is undervalued based upon the barometer's metrics. Last week the barometer closed the week with a reading of 154 indicating borderline …
Specialty for me means funds held form a long term perspective that do not fit within the other sleeves within my portfolio.
Currently, my specialty sleeve holds four funds with themes on infrastructure (PGUAX), business development and private equ…
Hello,
This week was much the same as the week before with Old_Skeet's market barometer closing the week with a reading of 154 (boarderline between fair value and undervalued). The 2/10 treasury yield spread narrowed a bit from 0.51 to 0.47 indica…
Folks, ABALX is one of Old_Skeet's holdings. I like the fact that it can throttle its equity allocation based upon how it's managers are viewing the markets. I hold this fund in the growth & income area of my portfolio in my domestic hybrid sl…
Hello,
Last week Old_Skeet's market barometer finished the week with a reading of 155 indicating the the S&P 500 Index was undervalued. Not much has changed as this week as it finished at 154. However, there was a big move in the US 10 YR T…
Hi @Catch22,
Thank you for the link ... short read on interest rates.
It appears that the tighenting of the yield cure presently is having an effect on most bank stock valuations as spreads narrow. If things go as anticipated (by the Fed) the lon…
@CathyG, Not offended at all as most of us often see things in different colors. I'm probally one of the older investors on the board. I started investing back in the 60"s while in my teens. And, through the years I have built a sizeable portfoli…
Hi @Catch22,
I have no wrap fee based accounts.
All of my brokerage accounts are of the old school type. However, the firm that I am currently invested with does offer an advisor fee managed account platform. After hearing their presentation I…
Hi @Derf,
Sorry to learn of the loss of your wife. I offer my condolences. Perhaps, there will at least be of a half step up for you under joint titlement. And, perhaps even a full step under certain circumstances. I'm thinking seeking a tax sp…
Hi again @Derf,
Not an accountant or tax specialist. Below is a short blurb on my experience.
My broker handled all the transfers along with doing the cost basis step ups for inherited shares. I did receive cost basis step ups on my mutual funds…
Hi @Derf,
Thanks for the question.
The transfers came several ways. Those by gift retained the donor's cost basis. Those that came by inheritance received cost basis step ups. Since they were retitled, to me, years back they have appreciated in…
Hi @CathyG,
Yes, many of my A share funds currently owned came to me by way of transfers. And, because even though a commission was paid (sales load) they carry some benefits over fee based account investing. Today, most fee based accounts (new s…
Hello,
Last week Old_Skeet's market barometer finished the week with a reading of 161 indicating that the S&P 500 Index was oversold based upon the barometer's metrics. This week the barometer closed the week with a reading of 155 indicating t…
@CathyG, In responding to your question on global equity funds held many of my global equity fund exposure have been held since the 70's in family portfolios. Some of them were passed on from gift and inheritance transfers. They might not be the …
Hello, @CathyG. Question, please.
What is your value to growth stock ratio?
Currently, mine is 40% value 60% growth for my stock only mutual funds. In addition, my value stock funds have performed much better than my two cash sleeves which h…
Headline news pushing stocks around.
Let's see if the coming earnings reporting season can counter. I'm thinking the sectors to watch are technology, financials and energy.
Hi @MikeM,
Even though VGWAX has four managers listed, in short words, manager and strategy risk. Plus, it is a relative new fund with little history. Again, I am of the camp to spread risk and limit the amount I will invest in a fund based upon …
@Maurice, I have a great deal of respect for Ted. However, this is your money and although I'm not of the camp of owning just a few funds I have a cap on how much money I will put into any one fund. Not saying this applies to you. When I saw lump…
Hi @MikeM,
Although Old_Skeet's market barometer helps me to determine when there is value in the 500 Index it can not forecast the high in peaks or low in troughs. I'm thinking until we get through the tariff mess stocks are going to be range bou…
Hello,
I've been traveling in Central America the past couple of weeks spending a lot of time in Panama. There is a lot of new construction taking place in Panama with a good bit of the old infrastcture (ferry crossings) being replace with modern …
Medallion gurantee question: Answer
The below link might be of interest as it explains the medallion gurantee vs. notary stamp along with the different amounts a medallion gurantee might cover plus what financial institutions might require to affi…
Hello,
My global hybrid sleeve holds my global allocation funds and accounts for about 10% of my overall portfolio. The sleeve produces a good dividend yield at about 4.25%. The funds held are CAIBX, PMAIX & TIBAX. PMAIX is classified by M* …
Hello,
This report is coming from the Gamboa Rain Forest Resort, Panama.
Old_Skeets market barometer closed the week with a reading of 156 which indicates that the S&P 500 Index is undervalued based upon the barometer's metrics.
I'm looking t…
Hi @bee,
You might wish to take another look at the M* performance numbers. I'm still finding ytd +8.23% and +4.93% above category.
Old_Skeet is on the move ... traveling. So, my vistis over the next couple of weeks will be short with few postin…
Hi @johnN,
New money for me is targeted towards convertibles and expanding my CD ladder.
My convertible securities fund (FISCX) is up ytd better than 8%. It seems to be meeting the interest rate headwinds pretty good and is my ytd fund leader wit…
Hello,
This week Old_Skeet's market barometer closed the week with a reading of 151 putting the S&P 500 Index in the middle of fair value on the barometer's scale. Short interest has picked up a bit on the Index and is found to be listed at 1.…
For those that follow junkster, as I do, to see what his perspectives is on bonds linked below is his last post, that I can find, on the Morningstar board.
http://socialize.morningstar.com/NewSocialize/ViewPost.aspx?apptype=0&PostID=3914111
Hi @bee,
Thanks for your inquiry.
My rabbit funds would be those found in the growth area of my portfolio. An example of these would be those funds found in my large/mid sleeve, my global growth sleeve, my speciality sleeve and my small/mid cap s…
Hi @bee,
Thank you for your inquiry. Sorry for the delay in responding as I have been watching a good number of basketball tournament games today.
For the equity styles I pull this information form Morningstar's Fund Category Performance site. I…
I'm not surprised with the inbound money flow as last week XLK became a member of Old_Skeet's lead pack and this week became the lead hound within my 500 Compass.
Hello,
For the week ending March 9th Old_Skeet's market barometer closed the week with a reading of 146 indicating that the S&P 500 Index is in the lower range of fair value. In review the three major feeds within the barometer there is an ear…
Folks, we are about to find out just how good Trump is at his skill to negociate.
https://www.nytimes.com/2018/03/08/world/asia/us-trump-tpp-signed.html?rref=collection/sectioncollection/business&action=click&contentCollection=busin…
