Seaferer20

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14 Comments

    • Will McCain's Vice Presidential Selection Help the Markets? [view article]
      What BS. As someone said, just someone boosting his ego and seing his name in print. Aug 28 09:57 AM
    • Bill Miller on This Tough Market [view article]
      Over the past 20 years America has gorped its way to an in extremis position. Hank Paulson and Ben Bernanke are frantically trying to bail out the swamped boat. The government is in debt up to its eyeballs, corporations are being bailed out by foreign sovereign funds, and consumers have hocked their houses (which are now plunging to their actual market values).

      The financial services industry thus far has acknowledged $300 billion in losses but the bottom has yet to be found. How does $1 trillion grab you? This mess will not begin (underlined) to fix itself until the real value of the American economy has been determined. In the process FNM and FRE should be placed into receivership, their management scoundrels fired and both GSEs dissected into manageable entities.

      As for buy and hold, those of us in our sixties will find it challenging to await 2030 or whenever. IMHO cash, TIPS and very short duration foreign bond funds (PIMCO has one) are the safest places to be for at least the next several years.
      Aug 02 09:00 AM
    • El-Erian's Recommended Allocation vs. Harvard, Yale [view article]
      Rudi posted his comment as I was writing mine. It's interesting to note that there doesn't appear to be any domestic stocks in Rudi's although he closes with the caveat that "there are even more asset classes, that should be added to the portfolio". But then what and how much would be subtracted from the above?

      Jun 10 08:26 AM
    • El-Erian's Recommended Allocation vs. Harvard, Yale [view article]
      I agree with Desi - correlating ETFs with Mr. El Erian's asset allocation model translates his institutional thesis into individual investor tools. Jun 10 08:21 AM
    • Wednesday Outlook: Commodities, Emerging Markets [view article]
      Reviewing David's weekly notations on the moving average graphs certainly helps me keep all four wheels on the road, i.e., a sanity check! Very simply - thanks. May 28 09:14 AM
    • 3 Reasons for a Rebound in Nuclear Energy ETFs [view article]
      I too think that making a modest play on nuclear energy at this time may very well pay big rewards downstream. Nuclear energy appears to be a better play than lots of the more infantile alternative energy start-ups. IMHO this is a long-term play; don't expect to see your bucks erupt overnight! May 28 09:03 AM
    • Oil & Gas Equipment & Services ETF [view article]
      With 20 years experience as a registered investment advisor, I am a propenent of the MAD investment philosophy, multi-asset diversification. Roger Gibson's book Asset Allocation will tell you all about it.
      Having said that I strongly agree with the Fitzman that energy and its related sub-sectors should be overweighted in one's portfolio for at least the next five years. The broken US political process just kicks the can down the road and lacks any semblance of a sane energy policy.
      Meanwhile, XES is a great, low-cost way to invest in numerous oil-service stocks. Buy and hold!!       May 19 09:23 AM
    • The PowerShares Version of Global Asset Allocation [view article]
      It's interesting to note that each of these asset allocation ETFs has a greater percentage in foreign funds than in domestic. What's the message here - other than perhaps a higher expense ratio? It will also be interesting to compare the PowerShares portfolios' performances to similar global asset allocation mutual funds. May 10 08:47 AM
    • Brazil: Let the Feeding Frenzy Begin [view article]
      As a registered investment advisor for the past 20+ years, I agree with taking a short-term profit, let the frenzy begin and then buy back on a dip. Nobody ever lost money taking profits! Don't be greedy.

      I particularly like EWZ because it fits very nicely with my MAD investment philosophy, Multi-Asset Distribution.       May 03 05:50 PM
    • A Closer Look at REIT-Treasury Yield Spreads (1971- Present) [view article]
      I like health care REITs at this point in time, despite the fact that they’re trading at a 22% premium vis-à-vis the 12% average equity REIT discount. With an average 5.3% yield that sure beats the 3.7% 10-year Treasury. As the boomers age demand will climb for seniors’ residences, assisted-living facilities and nursing homes. Of course there are risks. Uncle Sam may cut back on Medicare and Medicaid nursing home funding, especially if the Democrats are elected. States medical expenditures may also be slashed as states see more red ink going forward. Although the current economic downturn may already be priced into health care REIT NAVs, lessening the opportunity for cap gains, but as a relatively safe place to make an excellent yield they sure are appealing. Apr 24 09:58 AM
    • ICF: The Surprising Rise of REITs in a Real Estate Downturn [view article]
      An excellent piece as REITs apparently are posiing for a comeback and the guys at C&S are top notch, seasoned veterans. Another piece I own is C&S Quality Income Realty (RQI). Here's it's numbers:

      Performance
      During Past: Cohen & Steers DJ U.S. Total
      Quality Rlty (RQI) Market Index

      3 Months 13.51% 3.68%
      6 Months -18.23% -11.22%
      Year-to-Date 14.60% -6.78%
      12 Months -30.87% -7.10%
      2 Years -16.88% 6.28%
      5 Years 14.44% 60.63%

      Apr 18 12:05 PM
    • Swiss ETF (EWL): Are Swiss Stocks "Decoupling" from U.S. Stocks? [view article]
      An interesting view is the Swiss franc (FXF) vs the Euro (FXE). I suggest you take a look at Yahoo charting and compare them. Apr 06 04:47 PM
    • When the Economy Hands You Lemons, Consider Dividend ETFs [view article]
      It's hard to convince clients of the wisdom of dividends when their NAVs continue to plummet and the overall portfolio value is decreasing despite the dividend payment. That's why a valuable rule of thumb is that one should have 3 years of anticipated portfolio cash needs, i.e., income, in cash/short-term bonds. It relieves the pain a bit knowing that one needn't sell at a loss to put the next loaf of bread on the table. Apr 06 10:23 AM
    • Muni Bond ETF Yields Holding Steady [view article]
      I'm a big fan of PIMCO; Bill Gross is one savvy dude and perhaps THE world bond-guru. He's got several closed-end muni funds that bear investigating IMHO. Mar 25 08:11 AM
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