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Administradora de Fondos de Pensiones Provida S.A. Message Board

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  • Check Out ALSK , Do Your DD, ALSK is Profitable, 400%+ undervalued

  • Reply to

    Why the big drop today???

    by albertcscs Jul 1, 2014 6:09 PM

    Just a guess, they'll stay @ 92.21. But maybe there'll be a fat dividend for the event.

  • Reply to

    Why the big drop today???

    by albertcscs Jul 1, 2014 6:09 PM

    At what price, do you guess???

    Sentiment: Hold

  • Reply to

    Why the big drop today???

    by albertcscs Jul 1, 2014 6:09 PM

    Met bought the 60% from BBV. Then they tendered for more last year. They have announced that they will be delisting the ADRs in the next few months. That does NOT make them worthless, but they will be even more illiquid (obviously.) Maybe Met will tender for the rest before then.

  • Reply to

    Why the big drop today???

    by albertcscs Jul 1, 2014 6:09 PM

    No, I thought Metlife bought 60% of PVD. I know you can't buy the stock here in Chile, but the ADR is still listed in US. When is it going to be delisted?

    Sentiment: Hold

  • Reply to

    Why the big drop today???

    by albertcscs Jul 1, 2014 6:09 PM

    Partially? Try almost 95%. You DO know that the ADRs are being delisted, right?

  • Reply to

    Why the big drop today???

    by albertcscs Jul 1, 2014 6:09 PM

    Quiet period till earnings.

  • Reply to

    Why the big drop today???

    by albertcscs Jul 1, 2014 6:09 PM

    They aren't, but I appreciate serious input. Your posts on the new public option are well informed and interesting, but it is old news and shouldn't be affecting PVD now, since it is (partially )owned by Metlife anyway. I read today in the Chilean Financial newspaper that Bachelette met with reps from Metlife after her speech at the US COC in DC. Maybe that calmed everyone down, since PVD traded down to $81 on the open.

    Sentiment: Hold

  • Reply to

    Why the big drop today???

    by albertcscs Jul 1, 2014 6:09 PM

    Holy Sheet. Are my rantings causing the volatility? Your investment decisions
    shouldn't be influenced by the rantings of posters on Yahoo message boards!

  • Reply to

    Public Option AFP

    by artif Jul 2, 2014 9:16 AM

    Just kidding. No US government agency would blackmail/bribe/violently overthrow Chile's government merely to prevent it from establishing a laboratory to demonstrate the futility of paying huge fees to stockpickers. After all, Jack Bogle, founder of Vanguard (Index) Mutual Funds is still alive.

  • Reply to

    Public Option AFP

    by artif Jul 2, 2014 9:16 AM

    Here's my prediction: The public option AFP will get off to a rough start much like Obamacare (even though an AFP is much simpler than health insurance.) Each year only a tiny percentage
    of private AFP customers will switch to the public option AFP. But, that tiny percentage will compound
    compunD compouND compoUND compOUND comPOUND coMPOUND cOMPOUND
    (unless the NSA discredits Bachelet by releasing tapes of her liaison with her bodyguard who is
    payed by a CIA contractor) So, in summary, PVD will continue to be a good investment for many years,
    but not forever. It can only be forever if the US government reverts to form and overthrows a foreign government.

  • Search on "Institutional Investor Chile AFP" for another article.
    Two questions I have:
    1) Will it be run like a low-cost index-fund? (Gotta be, what else?)
    2) If it does have rock-bottom low fees leading to better annual performance (better by roughly 1.25% per year*) how much of the public will switch their pension funds out of the private AFPs
    into the new better-performing public option? (My wild guess is only a trickle at first.)
    I think that in the USA there is still lots more money invested in actively managed mutual funds
    and 2/20 hedge funds than in index funds, despite the manifest advantage of index funds.

    1.0125 raised to the 16th power is 1.22. So money left in a low cost index fund over 16
    years compounds to 22% more than a fund that extracts its annual 1.25% fee. The fees would otherwise
    go to pay executives' salaries and stockholders' dividends. But, one and a quarter percent is only my estimate
    of the average index-fund advantage. Some years, some of the actively managed funds will outperform
    the indexes. It involves probabilities and compound interest - two concepts which most people don't fully grasp.

  • Anyone have a clue as to why the 4% drop today?

    Sentiment: Hold

  • http://santiagotimes.cl/coalitions-exchange-fire-bachelets-state-pension-scheme/
    On Monday President Michelle Bachelet signed a bill to create a government-run pension administration fund (AFP) to compliment the six existing private AFPs. Bachelet herself admitted that the move was not a solution to the “root of the problem” in the country’s dictatorship-era market-based pension system, though claimed it was a step in the right direction.

    The current system obliges contracted employees to opt into a system in which their pension contributions are invested into the stock market, thus exposing them to market volatility.

    While the president said the new system would increase coverage for independent, rural, and low income workers and promote competition, the state-run system would run parallel to the private system and still be subject to market fluctuations. Right wing Independent Democratic Union (UDI) Sen. Hernán Larraín said Tuesday that the new system was unnecessary, while fellow Alianza coalition member and National Renewal (RN) Dep. Alejandro Santana called the plan a “band-aid” but not a real solution.

    Economist at the left-leaning thinktank Fundación Sol, Marco Kremerman, went further, doubting that the new system would have any effect whatsoever on competition within a market already comprised of half a dozen companies.

    “This will not actually change anything, it won’t even open the floor for a discussion about change,” Kremerman told The Santiago Times. “Chile doesnt have a pension system for the social good, it only has a system of private savings. The public AFP is just another player.”

    Newly appointed president of the association of AFPs, Rodrigo Pérez, warned that a government-run organization could upset the equality of the market, prompting a rebuttal from Socialist Party (PS) President Osvaldo Andrade.

    “It is strange that when the champions of competition are confronted with an alternative, like the public AFP, they attack and say it is not con

  • Not promotion, just real research.

PVD
88.51+0.29(+0.33%)Aug 22 4:00 PMEDT

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