Based on recent emails, I know that many readers are scouring the investment globe for high yielding mutual funds/ETFs hoping to find a way to generate income or an above average rate of return. One of the highest yielding funds I have found is ADVDX, which sports a mouth watering annual yield of 18.11%, according to Yahoo.com. Let’s take a …
The Russian Connection
Many investors were extremely excited when the Russian ETF (RSX) debuted in May 2007. While it’s been a bumpy ride, the bias at first was definitely to the upside as the 1-year chart shows: From the top, which was made on May 19, 2008, it’s been all downhill, and YTD this ETF is down some 23%. Russia’s recent “excursion” into …
Another Black Diamond
Yesterday’s market activity, as represented by the chart above (thanks to MarketWatch), reminded me of my skiing days when I was trying to avoid black diamond slopes whenever possible. While I have since given up skiing, I still try to stay away from these kinds of slopes in the financial markets. There was nothing positive about the drop other than …
Are 130/30 Mutual Funds A Losing Proposition?
MarketWatch had an interesting write-up in “Stupid investment of the week,” which featured the latest and greatest new thing called 130/30 funds. Sure, with ETFs steeling a lot of the mutual fund business, it was time for a new invention no matter whether it made sense or not. In case you never heard of 130/30 funds, here’s the definition: The …
Sunday Musings: A Slowing World
MarketWatch featured an article titled “Is the whole world slowing?” Here are some highlights: Europe’s economy contracted in the second quarter, burdened by higher prices and weak export markets, the statistical agencies reported Thursday. With Europe now joining the United States, Japan and Canada in the dumps, none of the Group of Seven economies is growing anywhere close to their …
Withstanding Market Turmoil
Based on recent emails, I can tell you that while a lot of readers are following my recommended Buy/Sell discipline, some of them are not. It would be interesting to know, how many of the current 18,000 readership is in tune with my approach and how many simply view it as another form of entertainment. With the recent market turmoil, …