jse17

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  • Precious Metals ETFs: Should You Follow Conventional or Contrarian Wisdom?
    Another informative and appreciated article.

    DBP’s management fee deserves evaluation. Perhaps others will be disappointed that the DBP management team feels their “skill” in monitoring an ETF is appropriately priced at 0.75% (not a typo). If so, one can easily create a DBP profile by purchasing the IShares Gold and Silver index funds e.g., IAU and SLV at a fee of 0.4% and 0.5% respectively.

    If we do not protect ourselves, rest assured, Wall Street will not!
    Dec 19 09:30 am |Rating: +2 0 |Link to Comment |View article
  • Timing the Addition of a CEF to Your Portfolio
    Nicely discounted CEFs are one of the few venues where the “little guy” has a fighting chance. The low volume of most CEFs precludes hyperactive Hedge Fund manipulation and significant discounts more than offset active management fees.

    BTW, a few CEFs actually have lower management fees than some of the newer, more avant- garde ETFs e.g., ADX and PEO. One of the classic, investor friendly CEF plays is buying ADX at a current 17% discount and vicariously purchasing PEO, the fund’s largest holding, at an additional 17% discount. The combined management fee for both funds is approximately 1.1%. (To quote the Rappers, “Can’t beat that!”)

    I enjoy Gary’s work and look forward to his posts. Best of luck to all.
    Dec 15 09:21 am |Rating: +3 0 |Link to Comment |View article
  • Own Gold? Time to Fold
    Exactly what are the US gold holdings and when was this quantity confirmed in audit? I know, I cannot document the amount either!

    In any event, the brilliant Jean-Marie Evillard speaks to Pim Fox and favors gold:

    www.blinkx.com/video/e...
    Dec 13 18:46 pm |Rating: +1 0 |Link to Comment |View article
  • Wind Power: A Research Primer
    "The reason people are turning to windmill power is because the Democrats killed Bush's energy plan eight years ago to increase drilling, nuclear power, energy grid infrastructure and gas refinerys."

    Yes, and Sarah Palin is an intellectually astute thinker that the democratic voters failed to appreciate.

    Try to avoid confusing your political perspective with reality!

    Dec 11 09:24 am |Rating: 0 0 |Link to Comment |View article
  • 10 Contrarian Reasons for a Bottom


    On Dec 09 09:25 AM pockyclips 2020 wrote:

    > Try to catch that falling knife by the handle. Other than oil, I'm
    > holding out for end of year mutual fund and capital loses before
    > jumping back in.

    Alas, the falling knife cliché has “lived long and prospered” for several generations! In attempting to update this time honored postulate, an opposing thought deserves analysis in context of extreme volatility in the modern era.

    It appears far less difficult to catch a falling knife than chase a launched rocket!

    Fun article Mr. Cam and your work is appreciated.
    Dec 09 10:21 am |Rating: 0 0 |Link to Comment |View article
  • China ETFs: Time to Buy?
    The SSE index has quietly gained 21% since early November. Obviously, no one knows if this is the beginning of a sustained up-move. The subsequent question of does it matter if this move continues becomes rather moot in a long term perspective. Whether it is the current perspective or a future rally that creates investor’s prosperity, such a play will occur. A recent Jim Roger’s lecture on China’s future prospects supports this thought.

    I realize that we are in an ETF discussion. In context, I am a huge ETF fan especially when a closed end fund is unavailable or selling at a premium. Alternatively, an on-point, well managed CEF selling at a double digit discount is at a minimum of interest. Several China CEF plays are available selling at substantive discounts e.g., CHN. I am attaching a solid CEF research site for those that may have an interest.

    www.closed-endfunds.co...

    As per Marty Zweig, “Do not fight the FED” and I will add, the Chinese monetary authorities. The “boys” are now favoring monetary expansion and growth and my intent is to hop on the train. Best of luck to all and, “This too shall pass” as have all previous bad times!
    Dec 05 17:34 pm |Rating: 0 0 |Link to Comment |View article
  • Last Thursday Was the Bottom - It's Time to Get Back in
    As previously expressed, Julius Westheimer, a bright (Phi Beta Kappa at Dartmouth) and kindly gentleman when asked by Louis Rukeyser when is the best time to buy stocks responded, “Buy when you have the money Lou!” Taking this tenet to the next level, buy when you have the money and believe a stock or index has a greater likelihood of doubling vs. the probability of sustaining a 50% loss.

    Obviously the involved analysis is ultimately subjective without any sustainable, accurate guiding principles e.g., those that actual work over time. Lazlo Birini recently wrote an excellent Forbes piece on this very topic. Additionally, one is not required to be anything other than reasonably close in bottom fishing to create extreme envy at his or her club within e.g., one year!

    My opinion as well as every poster’s thoughts in this thread mean little to nothing in confirming or rejecting the author’s bottom statement. To each his own but never forget that Columbus took a chance! Best of luck to all!
    Nov 30 22:07 pm |Rating: 0 -1 |Link to Comment |View article
  • Multi-Family REITs: Which Way Is Up?
    Excellent review of the multi-family REIT sector and Judy’s work is appreciated.

    Perhaps REIT investor may wish to peruse the closed-end REIT universe where deeply discounted, well managed funds are on life support. SRQ for example traded at 16 in 09/2008 and as low as $0.86 on 11/21/2008. Additionally the fund trades at a 47% discount (not a typo).

    By no means is SRQ’s presentation unique in the class. Again, I appreciate Judy’s attention to an often overlooked REIT sector and best of luck to all!
    Nov 24 09:18 am |Rating: 0 0 |Link to Comment |View article
  • General Electric: Genuine Risk of Collapse?
    OK, GE may well collapse and all investors including virtually every US pension plans holding this woebegone stock will degenerate into nothing. Hundreds of thousands of widowed senior citizens without pension assets and next to nothing in social security payments will be seen loading up at the cat food section of Wal-Mart on announced sale days.

    On the other hand, the generic equivalent of Barton Biggs dressed in a bear suit on the cover of Business Week may well be in place. The Goodyear Blimp does not fly overhead flashing great times ahead and buy stocks now at market or stock’s bottom number. Frequently, however, articles proclaiming death to all become exceedingly popular after catastrophic market plunges! (Res Ipsa Loquitur)

    With this said the stock is selling at $14.03 and no doubt reflects every negative potential and then some in context of record levels of negativity (see the VIX index). If I am doomed to a life of anguish, poverty, fear, unhappiness, pain, and suffering for continuing to buy GE, so be it. I believe after 7-days (seven - not a typo) it is time to place this article in the archives and move on. Yes, the statute of limitations is sincerely up!
    Nov 23 19:13 pm |Rating: 0 0 |Link to Comment |View article
  • Cramer's Stop Trading! It's a Horrible Market (11/18/08)
    Correct, sort of, but Jim has a Harvard Law degree and Rush flunked out of S.E. Missouri State College after his first year of “matriculation”!


    On Nov 20 12:00 AM Kunst wrote:

    > Jim Cramer is to investing what Rush Limbaugh is to social policy.
    Nov 20 09:22 am |Rating: 0 0 |Link to Comment |View article
  • General Electric: Genuine Risk of Collapse?
    I am quoting a section of Dr. Leeb’s, Personal Finance Letter Update of 11/17/2008:

    “The first thing you should keep in mind is the adage that states one should buy at the point of maximum pessimism. Pessimism has certainly reached a ludicrous height today -- to the point where even positive events are being given a negative spin.

    For example, when corporate executives start buying shares in their own company, that generally bodes well for the stock prices. Who knows better if a company's earnings will improve than the CEO and others near the top? However, when General Electric's CEO, Jeffrey Immelt purchased his company's shares recently, the Bloomberg headline read, "Immelt's GE Purchases Signal Sell." The fact that insiders have stepped up their purchases of stock in the past four months is now being interpreted as a symptom of overconfidence and a reason for investors to ditch shares! As though panic-stricken outsiders suddenly know more about a company's long-term prospects than the ones running it!
    Besides, what is the point of reporting insider buying if it is not a buy signal? What would insider selling portend? I mean, if insider selling is a sell signal and insider buying is a sell signal, that means no signal at all. So the media may as well stop reporting insider trading altogether.

    We think pessimism this extreme should be taken as a sign that stocks have very little room left to fall.”

    I subscribe to two Leeb letters, have recently purchased GE, and intend on purchasing additional shares if/as share prices decline. Best of luck to all!
    Nov 19 11:13 am |Rating: 0 0 |Link to Comment |View article
  • General Electric: Genuine Risk of Collapse?
    I bought a GE Panoramic X-ray machine in 1979 and have never had the unit repaired or serviced. Yes, I retired last year and the machine continues to take wonderful x-rays!
    Nov 18 18:49 pm |Rating: +1 0 |Link to Comment |View article
  • Four Commonsense Clues to a Genuine Market Bottom
    As the sage and gentlemanly investor Julius Westheimer stated to Louis Rukeyser when ask when was the proper time to buy stocks said, “Buy when you have the money Lou!” Attempting to update Julius’ advice, “Buy when you have the money and the likelihood of the market doubling exceeds the probability of a 50% decline.”

    Yes, it is possible for the market to decline 50% from today’s level but interestingly, I cannot find a Vegas or elsewhere book willing to take the bet! “You betcha!”
    Nov 18 18:42 pm |Rating: +1 0 |Link to Comment |View article
  • General Electric: Genuine Risk of Collapse?
    Yes, GE has problems as does all other listed corporations and sovereign countries as well. Ergo, GE’s stock is selling for $16. Come on folks, Columbus took a chance!
    Nov 18 10:13 am |Rating: +3 0 |Link to Comment |View article
  • Why I'm Worried About China
    Nothing is less difficult than being pessimistic at or near any market’s bottom! Serially buy one of the closed end significantly discounted China play funds e.g., CHN and take a nap!

    Bottom line, worry less post secular market crashes and increase your ultimate profits! Your progeny will thank you.
    Nov 17 09:10 am |Rating: +2 0 |Link to Comment |View article

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