Bloomberg had an article titled “Soft-Dollar, Trading Costs Devour Fund Returns,” which describes the effect of various expenses and trading costs on overall mutual fund returns.The story goes on to look at a fund manager’s turnover rate, which is the amount of trading expressed as an annual percentage of fund assets. For example, a turnover rate of 100% tells you …
Sunday Musings: Things That Bother Me
Everybody has one or more pet peeves they feel strongly about. I am no exception. Here’s one that no doubt you are encountering as well on a daily basis, which is the downright obnoxious, funny and sometimes dangerous use of cell phones. To me, cell pones are one of those inventions that can make your personal and business life easier …
Trouble in Hedge Fund Paradise: The Subprime Pig Goes Global
The Subprime pig strapped on his wings this week and feasted at different troughs in a variety of countries. While the countryside varied, much to the pig’s delight, the food was identical: Same old leftover slop from irresponsible subprime lending procedures primarily designed to feed somebody’s corporate bottom line no matter what the long-term outcome might be. Affected countries, besides …
No Load Fund/ETF Tracker updated through 8/9/2007
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpTremendous market swings to the upside and downside left the bulls coming out ahead by a small margin. For more details, please see the above link. Our Trend Tracking Index (TTI) for domestic funds/ETFs rose and still remains +2.00% above its long-term trend line (red) as the chart below shows: The …
Special No Load Fund/ETF Tracker Update For 8/9/2007
Today’s steep sell off (based on the continued spread of the subprime virus) did not affect any of our sell stops. Since I had liquidated some of our more volatile holdings in some country and sector funds last week, we are left with positions that have been fairly stable. Most of them have come off their highs by 4%-5%, which …
No Load Fund/ETF Technical Analysis: Closing One Gap
Last week, reader Craig pointed towards my previous observation that gapped upside openings will always be closed, which translates into a market pullback. The odds of this happening are extremely high, although I have not read any study confirming that this is a 100% occurrence. Let’s take a look again at an enlarged portion of the Domestic Trend Tracking Index …