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Jonathan Liss

 
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  • 3 'Tweaks' That Will Fortify Your ETF Portfolio [View article]
    Agreed. In terms of lowering the duration of your high yield (and even investment grade) bond funds, I have been using the bulletshares suite of products for my parents' portfolio with great affect. This has the added benefit of offering complete control over the exact duration (as they are issued in yearly increments) and also allows you to largely avoid the interest rate risk headache by holding to maturity, as you would with individual bond issues. I'm holding BSJF and BSJG specifically and can push out the duration a year at a time.
    May 14 03:55 AM | Likes Like |Link to Comment
  • Unraveling The VXX Roll Yield Riddle [View article]
    I have added in the multitude of VIX ETPs to the secondary tickers field as this article is certainly relevant to anyone that has positioned themselves anywhere along the VIX curve, long or short. Many of the '2nd gen.' VIX ETPs make an effort to mitigate the roll issue to an extent with varying degrees of success.
    May 10 04:35 AM | 2 Likes Like |Link to Comment
  • iShares Barclays TIPS Bond ETF (TIP) announces monthly distribution of $0.3111. 30-day SEC yield of 7.84% (as of 4/30/2013). For shareholders of record May 03. Payable May 07. Ex-div date May 01. [View news story]
    It's good to have at least some exposure to TIPS just in case inflation does suddenly spike to protect your spending power.

    BTW, anyone know what deal with this yield is? As they didn't pay last month it's clearly a 1-month inflated yield. The 12 month is considerably lower.
    May 2 07:08 AM | Likes Like |Link to Comment
  • What's Wrong With This Picture? [View article]
    Yep, last time sentiment was this low, the market was just about to start a multi-year bull run. When sentiment is this low, it's usually a good contrarian indicator.
    Apr 25 05:04 PM | Likes Like |Link to Comment
  • Western Digital: The New Paradigm Unfolds [View article]
    We have made said fix Sunil - thanks!
    Apr 25 01:43 PM | Likes Like |Link to Comment
  • Sarepta Therapeutics: Irrational Exuberance [View article]
    Seriously? Based on that logic, there's no place for any analysis about any company that makes any product that may help someone.
    Apr 25 09:58 AM | Likes Like |Link to Comment
  • Oilfield Water Management: The Oil And Gas Industry's Holy Grail [View article]
    Note: This article originally stated that Colorado specifies a "40-millimeter" thickness for pit liners. The reference was corrected to read “40-mil.” A mil is one thousandth of an inch, versus a millimeter, which is one thousandth of a meter.
    Apr 7 02:09 PM | Likes Like |Link to Comment
  • Nuveen New York AMT-Free Muni Fund: A Good Holding For Highly Taxed Investors [View article]
    Thanks for a great look at a lesser-known fund as always George. How would you say this fund stacks up vs. NVN in your view?
    Mar 26 05:29 PM | Likes Like |Link to Comment
  • DB announces a halt in new creations on 26 ETNs it is the indexer or issuer on (effective 3/29), meaning the potential for the notes to trade at significant premiums to NAV as redemptions will still be available. DB expects to resume creations by mid-April. The affected notes follow: BDD, BDG, BOM, BOS, BUNL, BUNT, DEFL, DGP, DGZ, DOD, DTO, DZZ, INFL, ITLT, ITLY, JGBD, JGBL, JGBS, JGBT, LBND, OLO, SBND, SZO, UDNT, UUPT, WMW[View news story]
    It means no new shares will be issued between March 29 and mid-April essentially turning these funds into Closed-End Funds. The way ETFs and ETNs trade so close to NAV is by allowing authorized participants to come in and create or redeem baskets of 50,000 shares at Net Asset Value, allowing them to arbitrage any differences to NAV that may exist. Without the ability to create new shares investors may bid these Notes above their NAV during this period with no ability for authorized participants to come in and bring the shares back down to NAV.
    Mar 19 02:06 PM | Likes Like |Link to Comment
  • Guggenheim announces it will shutter 9 ETFs "in order to focus resources on products that have demonstrated greater marketplace demand." Final day of trading to be March 15 with liquidation expected to be "on or around" March 22. The affected funds (with direct competitors in parentheses) are: ABCS (SDIV, VYM), EWEF, EWMD, EWSM, FAA, RSU (SSO), RSW (SDS), WFVK and WXSP. (PR[View news story]
    Pity indeed. There is another smallcap equal weight fund - http://bit.ly/15lWHTB - Guggenheim Russell 2000 equal weight (EWRS) - but the outperformance doesn't seem to be there.
    Mar 19 09:39 AM | Likes Like |Link to Comment
  • iShares S&P U.S. Preferred Stock Index ETF (PFF) announces monthly distribution of $0.100. 30-day SEC yield of 5.54%. For shareholders of record Mar. 05. Payable Mar. 07. Ex-div date Mar. 01. [View news story]
    That is correct. It was taken directly from the issuer site at the time the market current was published and as such would be accurate for the prior day's close (2/28/13) only.
    Mar 19 09:28 AM | Likes Like |Link to Comment
  • iShares S&P U.S. Preferred Stock Index ETF (PFF) announces monthly distribution of $0.100. 30-day SEC yield of 5.54%. For shareholders of record Mar. 05. Payable Mar. 07. Ex-div date Mar. 01. [View news story]
    This is what SPDR writes on their fund pages: "An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price."
    Mar 19 08:21 AM | Likes Like |Link to Comment
  • Guggenheim announces it will shutter 9 ETFs "in order to focus resources on products that have demonstrated greater marketplace demand." Final day of trading to be March 15 with liquidation expected to be "on or around" March 22. The affected funds (with direct competitors in parentheses) are: ABCS (SDIV, VYM), EWEF, EWMD, EWSM, FAA, RSU (SSO), RSW (SDS), WFVK and WXSP. (PR[View news story]
    No affect on SDIV except that it's maybe gained some slight additional AUM/liquidity
    Mar 19 08:10 AM | Likes Like |Link to Comment
  • Baidu Is A Buy, Dude [View article]
    I think the original is pretty darn sweet. And fun! Like yours too though
    Mar 15 03:54 AM | Likes Like |Link to Comment
  • iShares S&P U.S. Preferred Stock Index ETF (PFF) announces monthly distribution of $0.100. 30-day SEC yield of 5.54%. For shareholders of record Mar. 05. Payable Mar. 07. Ex-div date Mar. 01. [View news story]
    BTW, the 30-day SEC yield is as of March 1, so based on the past distribution. As several of you have pointed out, the 30-day yield on the March distribution will likely be significantly lower.
    Mar 4 03:24 PM | Likes Like |Link to Comment
COMMENTS STATS
466 Comments
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