April 26, 2009
Amazing stories emerging and panic setting in as the world wonders what to make of this. From a small bit of reading, it seems that there is no known cure and that it is now being blamed for over 80 deaths in Mexico. Cases in Canada and Australia are now being discovered reported.
October 27, 2008
How much confidence do you have in your mutual funds? If you are like most, you are looking at your statements – at least the ones that you dare to open – differently than ever before. That is probably because you thought that you had a good level of diversification and had some built-in protection since a professional and experienced manager was watching over your portfolio.
That has all changed now and most investors are totally disgusted and thoroughly dissatisfied with the returns their hard working managers have provided. The problem is now more evident than ever for many of these fund companies and may deserve to be shorted. Here is why… Read more
October 24, 2008
Here are charts from the largest and most respected mutual fund companies that are publically traded. It seems to us that even as many of these are breaking new lows that there are more problems and a potential for an additional downward move.
Just think about what you have done with your funds lately…. Do you think that they are going to post decent profits over the next coming quarters?
(FYI: We are short a few of these in TDI Managed Growth Portfolio)
October 23, 2008
Guest: Mish Shedlock and Andrew discuss a full range of concerns from the illegal $540 billion dollars that is being spent on money market mutual funds through Mish’s projection that the S&P should be somewhere near 600….or possibly even as low as 450.
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. As Mish tells us, Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
There are many concepts that are troubling that make us worry about the next leg for this market. For example, where is the Fed getting the money to prop up money market funds? Why is CALPERS using money from participants? Is Iceland and Argentina isolated? Is Bernanke able to handle this situation or is he way out of his league?
Stocks Discussed in this episode: Apple (AAPL), Goldman Sachs (GS), Capital One Financial (COF) MasterCard (MA) Potash (POT) Mosaic (MOS) T. Rowe Price (TROW) Franklin Resources (BEN), Proshares Ultra Oil & Gas (DIG) Proshares Ultra Materials (UYM) Morgan Stanley (MS)
CLICK HERE for a Virtual Tour of The Disciplined Investor Managed Growth Strategy
Join me in the nation’s capital for the 4th annual Money Show Washington DC, November 6-8, 2008, at the Wardman Park Marriott. Hear from 50+ world-class experts in more than 170 FREE workshops where they will give you every opportunity to refresh your perspective and prepare yourself for the new political landscape that lies ahead. Meet face-to-face with 125+ investment companies and evaluate the products and services designed to help you improve your market performance. Call 800/970-4355 and mention priority code 011302 or visit The Money Show Washington DC Website to register FREE today!
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October 2, 2008
According to Bloomberg and other sources around the web:
Buffett’s Berkshire Hathaway Inc. agreed to buy $3 billion in preferred shares that pay an annual 10 percent dividend and are callable after three years at a 10 percent premium. GE also said it will sell $12 billion in common stock, gathering more cash to fund operations.
Somehow, this is a new program/sales pitch to build confidence in the stock by showing that the world’s savviest investor bought into the company. This is clearly designed to entice investors as the company is looking to raise money through some kind of stock offering. Preferred stock offerings are the latest craze as they do not cause dilution and are seemingly expendable. Is that fair?
Maybe we should look at the sweetheart deal the Mr. Buffet received as a simple endorsement fee. (Goldman Sachs (GS) deal was similar in all regards). Is that fair? Read more