Last week’s article on the latest in the SubPrime loan arena really irked me. Turns out that consumer groups called on congress to revise the current bankruptcy law to save the homes of borrowers drowning in the rising tide of foreclosures. I am certainly a sympathetic person, but that smells like another government bailout to me. Shouldn’t a potential homeowner …
‘Lazy Portfolios:’ Beating The Same Old Drum
A few days ago, MarketWatch featured another update of their so called ‘Lazy Portfolios.’ If you missed my previous blog on it (http://thewallstreetbully.blogspot.com/2007/01/beyond-ridiculous-portfolio-for-all.html), it’s a selection of various Vanguard low-cost, no load (good idea) index funds. In various configurations, it has outperformed the benchmark S&P; 500 index over 1, 3 and 5 years. The repeated chest bumping every quarter is …
Investment Management: Brokers vs. Investment Advisors
If you are planning to employ the services of a professional to help you manage your portfolio, you need to know that not all financial advice is regulated in the same manner. For example, commissioned brokers operate on a different standard than do Registered Investment Advisors. Since I am a fee-only investment advisor, I definitely have a bias as to …
ETF Income Investing: Should You Take A Short-Term Gain?
Yesterday, one of my readers posed an interesting question: “I own both IIC and EVM (Muni CEFs) in my taxable Scottade account. This week, I noticed a large price spike about mid week followed by a price drop today and yesterday. I believe it had to do with some news of dividend payout dates. Here is my question for you. …
Mutual Fund Wisdom: Quit Hanging On To Losers
Yesterday’s piece in MarketWatch titled “Quit hanging on to milquetoast funds” contained a lot of truth. In an interview, Steve Goldberg of Tweddell Goldberg Investment Management said that “investors should look at their mutual funds as if they are buyers or sellers, rather than holding on to lukewarm performers hoping for improvement.” He added that “most people hang on to …
No Load Fund/ETF Tracker updated through 4/13/2007
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpSideways to upward bias pushed all major market indexes slightly higher. Our Trend Tracking Index (TTI) for domestic funds moved higher as well and now sits +4.60% above its long-term trend line (red) as the chart below shows: The international index rallied as well and has now moved to +9.37% above …