For most of the past week, I have discussed sells stops and responded to various reader questions. Here’s David’s comment: I enjoy reading your blog and have three ETF questions for you. I got totally out of the market before it hit bottom. As the market began to recover I began reinvesting a set amount each month in three ultra …
No Load Fund/ETF Tracker updated through 9/24/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpSloppy and choppy was this week’s theme as the major indexes lost around 2%. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +7.74% keeping the current buy signal intact. The effective date was June 3, 2009. The international index has …
Against The Wind
Yesterday turned into one of those classic “buy the rumor, sell the fact” situations as the Fed’s unchanged stance on interest rates failed to inspire the buyers. Actually, the bears took over, and the major indexes headed straight south, although the losses were moderate given the size of the rally since the March 09 lows. The initial reaction after the …
The Importance Of Fund Expense Ratios
Reader John had this comment regarding my review of PRPFX last Saturday of: That said I have not always been this enthusiastic about it (PRPFX). The fund’s expense ratios were unacceptably high for a long time and have only recently dropped into a range I am prepared to support. (I refuse to buy mutual funds with expenses greater than 1%. …
Protecting Profits
Reader MD was interested in mutual funds that automatically protect any profits made. He had this to say: I am interested in No Load mutual funds, which use hedging strategies like shorting or buying options to protect the gains realized.Don’t I wish that these types of funds exist. While all mutual funds turn over their holdings several times a year, …
Sell Stops And Mutual Funds
Last week’s discussion about sell stops, whip-saws and distributions generated a lot of reader feedback. As I said, most of these issues have been covered before, but they are important and worth repeating so that new readers get the benefit as well. Reader MD had this to say: A ‘Sell stop’ is an excellent vehicle to hedge your portfolio of …