Robert1943

Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund

An additional consideration for value investors is that in the last year the net asset value has increased 5.17% while the share value has fallen 10.27%. For the last three months, NAV is off 1.45% while the share value is off 17.18%. It will take a lot of gain in the share price to bring the share price closer to the underlying value.

What I Like About Dividend Achievers

There is a significant hazard in drawing conclusions from comparisons that span a 10-year period that includes (1) the bubble (1998 and 1999) and (2) the burst (2000, 2001, and 2002). As expected, the S&P way outperformed the dividend achievers during the bubble, and conversely the dividend achievers way outperformed the S&P during the burst. No surprises here, and indeed people with more conservative investing styles of any type showed the same pattern.

But if you look at more "normal" times (the five year period between 2003 and 2007) you find the S&P outperforming 80% of the time. If you want to discard 2007 as another anomaly, during which the dividend achievers collapsed because of the financial services problems, you are still left with the S&P easily leading 75% of the time in the other four years. And this does not take tax considerations into account, with the dividend achievers having to give up more of their gains each year.