Page 106 of 729 FirstFirst ... 101 102 103 104 105 106 107 108 109 110 111 ... LastLast
Results 2,626 to 2,650 of 18218
  1. #2626
    Join Date
    Oct 2006
    Location
    MA
    Posts
    7,017
    Out of utilities telecom reits. Short it through puts. Economy is improving, fed looking for any reason to raise (June...though would be a small raise) , get out of intermediate yield plays. I think longer term long end of curve is still ok as there's limited opportunity still.

    Will be interesting to see how prospect of higher short term rates is already priced into equity market. I don't think it'll be that bad overall - already just 1% today? That's it?
    Decisions Decisions

  2. #2627
    Join Date
    Mar 2006
    Posts
    19,814
    The dollar is going parabolic. Another big move today.

    I now have to get to work before 05:30 to avoid traffic in the 238/880/92 corridor. Hasn't been this busy since 1999.

    Does it get better? Maybe. All said and done the SP500 is unchanged since November. I'm watching EWC (unhedged Canada ETF). It yields 2.5% and is flat over the last five years.

    Lots of yield stocks breaking down as well as Junk. ATT could get to 6% yield. Brock is right. Utilities getting crushed.

  3. #2628
    Join Date
    Aug 2012
    Location
    below the Broads Fork Twins
    Posts
    5,772
    Quote Originally Posted by Bromontana View Post
    Phase 1 to $47 complete. Looking like a bumpy road to a $44 retest is on tap.


  4. #2629
    Join Date
    Sep 2006
    Location
    Fraggle Rock, CO
    Posts
    7,767
    Buck six to buy a euro today. Parity around the corner?
    Brandine: Now Cletus, if I catch you with pig lipstick on your collar one more time you ain't gonna be allowed to sleep in the barn no more!
    Cletus: Duly noted.

  5. #2630
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Some smart Forex people say below parity. Benny's going to Europe in the fall.

  6. #2631
    Join Date
    Nov 2007
    Posts
    336
    Quote Originally Posted by Benny Profane View Post
    Some smart Forex people say below parity. Benny's going to Europe in the fall.
    Yep...time to start booking that euro trip!

  7. #2632
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Quote Originally Posted by peck257 View Post
    Yep...time to start booking that euro trip!
    Just stay away from packages that price in dollars. I'm watching some bike tour companies that aren't dropping their prices at all, although the Euro has dropped 30% in a year or so. Nice hidden profit.

  8. #2633
    Join Date
    Nov 2007
    Posts
    336
    I have noticed a lot of Canadians doing that as well


  9. #2634
    Join Date
    Dec 2003
    Location
    Nhampshire
    Posts
    7,762
    Fuck, might be time to go back to Montreal for a trip.

  10. #2635
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Last edited by Benny Profane; 03-13-2015 at 07:03 AM.

  11. #2636
    Join Date
    Aug 2012
    Location
    below the Broads Fork Twins
    Posts
    5,772
    Monitoring the overall oil basket it seems like we're still a good 10% off the bottoms of December, been accumulating a little here and there around the low $40s WTI support. Definite possibility the sector goes another leg lower if WTI descends into the $30s for more than a few days. If that happens I'll let stops handle themselves and re-position lower. Raising stops in $PVA, stopped out of $OAS due to volatility. Keeping tight stops on everything except $AAPL and looking to keep re-positioning on the long side of oil.

    If we shoot over $50 in the next month I'll be cutting all long oil exposure and likely just wait for another trough to accumulate. Chipping away at the brow beating in Feb

  12. #2637
    Join Date
    Aug 2012
    Location
    below the Broads Fork Twins
    Posts
    5,772
    4Matic/Brock - what have you been seeing lately? I started buying index (SPY) and AAPL banking on an eventual rally this year and trying to get good positions near support @ $205 level.

    Last night/today's DWTI trade, so much range for intraday.. PVA from the 6s to 7s range lately has been very good. Trading much better this past month, over the Feb loss and managing risk a lot better.


  13. #2638
    Join Date
    Mar 2006
    Posts
    19,814
    International markets are very strong and they are holding up the SPY. "Liquidity" in the bond and currency markets (and oil for that matter) is a big risk. Bill Gross and Howard Marks both talked about mispricing and liquidity or lack of it in their recent summaries. I particularly like Marks' comments about the expectations of a liquid market.

    Treasury rates can go much lower.

    The big rally in SPY on Monday was on very good volume so I expect it to test that high and go higher but I'm not buying it

    The "flash crash" on Tuesday night was the first overnight volatility in a long time. Not sure what it means.

  14. #2639
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    49,306
    Tell me about this: https://www.wealthfront.com/

  15. #2640
    Join Date
    Aug 2012
    Location
    below the Broads Fork Twins
    Posts
    5,772
    "There is a massive gap right now between asset prices and fundamentals." -M El-Erian on being in cash primarily. http://www.ocregister.com/articles/p...an-people.html

    Q. Why write a book on central banks?

    A. This is a historic period in which central banks are the only game in town when it comes to policy. But central banks do not have the tools to deliver what the global economy needs. We need more potent reinvigorated growth models.

    The West fell in love with the wrong growth models 10 years ago. It fell in love with finance as an enabler of prosperity. The whole society fell in love with leverage and credit as a way of prospering. We were entitled to accumulate debt! People bought homes they could not afford. Governments borrowed money that they could not pay back.

    Regulators believed that finance was so sophisticated that you could lessen regulations on it. This romance with the wrong growth model fell apart in 2007 and 2008.

    Q. Now what?

    A. We are struggling to find a new growth model because the political system hasn’t stepped up to its responsibilities. Obvious things like investing in infrastructure at extremely low interest rates are not being done. The reform of corporate taxation. The reform of labor markets – retraining workers, developing apprenticeships through public-private partnerships.

    Either governments and politicians and companies will step up to their economic governance responsibilities and we will turn to something sustainable or, if we don’t, then you will have low growth and financial instability
    and this was amusing:

    Q. According to Bloomberg, Pimco had a 2013 bonus pool for its 60 managing directors of almost $1.5 billion. Does that make sense?

    A. I’m not going to talk about that.

  16. #2641
    Join Date
    Mar 2006
    Posts
    19,814
    Quote Originally Posted by iceman View Post
    Tell me about this: https://www.wealthfront.com/
    Their tax loss harvesting posted strategy only goes back to year 2000 which puts the strategy at a considerable advantage as it starts with a three year high alpha period and as they state it works best during periods of down markets when you can take advantage of large losses.

    Since 2000, this tax-loss harvesting strategy produced an average annual Tax Alpha of 1.35% and was most valuable in major down markets.


    Strategy is only efficient for after tax accounts.

  17. #2642
    Join Date
    Mar 2006
    Posts
    19,814
    Quote Originally Posted by Bromontana View Post
    and this was amusing:
    It's not outrageous by Wall Street or Fashion Island standards. PTTRX had over a $1 trillion AUM and at .75% expense is $7.5b in simple fees.

  18. #2643
    Join Date
    Jan 2007
    Location
    Upstate
    Posts
    9,675
    Quote Originally Posted by 4matic View Post
    It's not outrageous by Wall Street or Fashion Island standards. PTTRX had over a $1 trillion AUM and at .75% expense is $7.5b in simple fees.
    https://investments.pimco.com/Products/pages/346.aspx

    $1 trillion?

  19. #2644
    Join Date
    Mar 2006
    Posts
    19,814
    Quote Originally Posted by huckbucket View Post
    I should have checked. I knew PTTRX was just one class but I misremembered the whole thing..

    Although, two classes of Total Return are in the top bracket:

    http://en.wikipedia.org/wiki/List_of...der_management

  20. #2645
    Join Date
    Jan 2007
    Location
    Upstate
    Posts
    9,675
    The number just stood out to me because I didn't think any one fund broke $1 trillion yet. Maybe I'm wrong.

    All funds total are something like $16 trillion, so that would be one fuggin huge fund at $1 trillion.

  21. #2646
    Join Date
    Aug 2012
    Location
    below the Broads Fork Twins
    Posts
    5,772
    Quote Originally Posted by 4matic View Post
    It's not outrageous by Wall Street or Fashion Island standards. PTTRX had over a $1 trillion AUM and at .75% expense is $7.5b in simple fees.
    Sure, considering how much they manage (near $2 trillion at its peak, I believe) it's a drop in the bucket. El-Erian was talking a lot about wealth inequality earlier in the interview, so when the bonus question came up it was funneh.

  22. #2647
    Join Date
    Oct 2003
    Location
    Portland, OR, U.S.A.
    Posts
    2,537
    Quote Originally Posted by iceman View Post
    Tell me about this: https://www.wealthfront.com/
    Future Advisor, Personal Capital, Wealthfront, and Betterment are all very similar and mostly buy low fee index ETFs for you and add value by re-balancing regularly and making tax optimizations. Grade their fees and functionality carefully. These are growing in popularity amongst folks with some money to grow but not enough scratch to meet the thresholds for hands on personal wealth management. Schwab and Vanguard are rolling our their versions. Wealthfront in particular has focused on the start up and tech world in Silicon Valley - getting people with huger allotments of a single stock and helping them diversify and reduce risk tax efficiently. They all seem pretty smart. The differentiator for Personal Capital is the human advisory service they offer paired with a holistic vew of all your accounts, assets, and liabilities. Future Advisor's trick is that they plug into your existing TD or Fidelity accounts and harmonize them to meet your risk tolerance, tax efficiencies, and other factors.
    I evaluated a Wealthfront versus Betterment a year and a half ago and parked a few bucks with Betterment. They have drastically underperformed the S&P500, but others may be happier. I have tinkered with Personal Capital and like their account tracking service, but I do not pay for their advisory service. Future Capital would be fun to play with if I had TD or Fidelity accounts, but I'm not moving my money there for an experiment.
    another Handsome Boy graduate

  23. #2648
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    49,306
    Thanks. It seems to me that for a .25% management fee getting Wealthfront (it's the only one I've looked at so far) to hold your Vanguard (or other index fund) money and get the tax losses is pretty much a no-brainer at least until Vanguard et al. come out with competing products, no? In other words if you are going to be in indexes anyways...

  24. #2649
    Join Date
    Mar 2006
    Posts
    19,814
    Quote Originally Posted by Platinum Pete View Post
    They have drastically underperformed the S&P500,
    What is the benchmark of the portfolio? Did they tell you SP500? From what I read Wealthfront benchmarks target date funds appropriate to your risk tolerance.

  25. #2650
    Join Date
    Oct 2003
    Location
    Portland, OR, U.S.A.
    Posts
    2,537
    Quote Originally Posted by 4matic View Post
    What is the benchmark of the portfolio? Did they tell you SP500? From what I read Wealthfront benchmarks target date funds appropriate to your risk tolerance.
    I'm running on Betterment. They did not tell me SP500 is the benchmark, but I use that as a comparison since it was just as easy for me to put my money into the SPY ETF through my Vanguard account. My settings on Betterment (if I recall correctly) were a 5 year timeline with a very high risk tolerance.
    another Handsome Boy graduate

Similar Threads

  1. Who voted for Bush/Cheney in '00 or '04?
    By Bud Green in forum General Ski / Snowboard Discussion
    Replies: 281
    Last Post: 04-14-2006, 11:44 PM
  2. Risotto Recipes - What you got?
    By skiaholik in forum The Padded Room
    Replies: 41
    Last Post: 03-29-2006, 05:03 PM
  3. Did American Ski Company get delisted from the stock market?
    By Free Range Lobster in forum General Ski / Snowboard Discussion
    Replies: 3
    Last Post: 09-06-2005, 06:13 AM
  4. Bear Activists Killed and Eaten by Bears in Katmai
    By Lane Meyer in forum TGR Forum Archives
    Replies: 30
    Last Post: 10-09-2003, 08:43 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •