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Ron Rowland

 
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  • BulletShares 2013 ETFs To Liquidate Next Week [View article]
    I like the iShares target-date Munis. However, iShares blew it with their target-date corporate bond ETFs. See this article for more:http://seekingalpha.co...
    I don't sell if they appreciate 5% in a year, because they will still mature with additional return (unless they are trading above NAV for some reason).

    Remember, BulletShares start liquidating in January and by mid-year (6/30/14) the 2014 products should be about 50% in cash. Therefore, I think it is best to rollover the 2014 product sometime in the first half of the year instead of waiting for end-of-year maturity.
    Dec 30 08:42 AM | Likes Like |Link to Comment
  • BulletShares 2013 ETFs To Liquidate Next Week [View article]
    I am a huge fan of BulletShares. Like you said, what's not to like about them. As you can see from my disclosure, I built a ladder from the junk bond series.
    Dec 26 09:19 AM | Likes Like |Link to Comment
  • ETF Deathwatch For December 2013: Count At 319 [View article]
    I wouldn't call 2 trades (one for 373 shares and one for 648 shares) as being actively traded. If you call up a 1-minute chart for the past week, you will quickly see how inactive it is. The last trade was at a reasonably fair price, within 5 cents of its IV. Whether or not the underlying holdings are "overbought" or not is a matter of opinion.
    Dec 12 11:03 AM | Likes Like |Link to Comment
  • Closure Of FactorShares Removes An ETF Industry Blight [View article]
    I don't see how this is the root of the problem for FactorShares. How does this create a 33% expense ratio?
    Nov 22 02:51 PM | Likes Like |Link to Comment
  • Closure Of FactorShares Removes An ETF Industry Blight [View article]
    Why do you believe these are Trust Issued Receipts? The term does not appear anywhere in the prospectus. To my knowledge, the first Trust Issued Receipts were the old HOLDRS (the first was listed 9/23/1999 - not in 2006), but they are no longer in existence (all closed 12/23/2011).
    Nov 21 04:26 PM | Likes Like |Link to Comment
  • Identifying The Best Utility Funds [View article]
    The total return of GABUX since 1/12/11 is 3.8% annually, or 11.2% cumulative. If you are telling your clients their return is anywhere close to 30%, then the SEC should put you out of business.
    Nov 18 11:57 AM | Likes Like |Link to Comment
  • Yorkville ETF Expense Ratios At 6.34% And 6.86% [View article]
    I disagree. There are other methods to gain exposure to MLPs without this taxation. This is an error on the part of management for choosing the C-corp structure.
    Nov 7 09:51 AM | 1 Like Like |Link to Comment
  • Yorkville ETF Expense Ratios At 6.34% And 6.86% [View article]
    I don't know where you are getting your figures, but the short answer of "why do we care" is that the return would be 14.28% instead of 8.76% if not for the 5.52% tax burden.

    The taxes are taking away 38.7% of your total return (before you pay your own taxes). The IRS appreciates your support.
    Nov 5 09:56 AM | 2 Likes Like |Link to Comment
  • ETF Death Watch For September 2013: Count Creeps Up To 332 [View article]
    Some sponsors believe the solution would be for me to stop telling everyone about these funds.
    Oct 29 10:22 AM | Likes Like |Link to Comment
  • Fidelity Finally Joins The ETF Party [View article]
    It will be $7.95 for a round trip of less than 30 days, which should make them the lowest cost sector vehicles for FBS traders. SPDRs (and all others) cost twice that.
    Oct 25 11:49 AM | 1 Like Like |Link to Comment
  • Many Investors Burned On IPO Of IPO ETF [View article]
    More buyers get burned today (10/21/13) as opening trades go through at a $2 premium of $22.60. Use your head and use limit orders.
    Oct 21 10:09 AM | Likes Like |Link to Comment
  • Many Investors Burned On IPO Of IPO ETF [View article]
    No, they are all post-IPO ETFs.
    Oct 20 03:07 PM | Likes Like |Link to Comment
  • Many Investors Burned On IPO Of IPO ETF [View article]
    As per the article, FPX adds new stocks at its quarterly reconstitution.
    Oct 18 12:34 PM | Likes Like |Link to Comment
  • Checking In On The MLPI / AMLP Taxman Trade [View article]
    There is no such thing as distribution yield inside of an IRA. IRAs only care about Total Return - they cannot distinguish between yield and capital appreciation.
    Oct 18 10:08 AM | 4 Likes Like |Link to Comment
  • Many Investors Burned On IPO Of IPO ETF [View article]
    I believe every quote site can provide you a quote on the IV for any ETF. The format is:
    IndexIndentificationCh...

    Therefore, the IV for the IPO ETF can be found using:
    $IPO.IV on eSignal (and others using $ as index indicator)
    ^IPO.IV on Yahoo, etc
    Oct 18 09:21 AM | 2 Likes Like |Link to Comment
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