This fund receives 5 stars yet its been an unmoving pet rock in the years I've owned it. So why is the U.S. whining under Obama's prosperous years when the rest of the world is so bad off that simply "not losing" as much money as the next guy earns you a blue ribbon? If on Feb. 1, 2009, Donald Trump had simply taken all of his assets (he's a small-time, petty, marginal millionaire, at best) and put them in an ordinary index fund, he could have TRIPLED his gains after 6 years. The rich get richer, the poor get poorer--business as usual. Apparently Trump is such a humanitarian, so keen on helping the poor (like John Edwards was), that he thinks calling the U.S. a "looozer" and its president "terrrrable" enuff times will bring an awakening toward properity for the disproportionately disenfranchised. (Face it. He just wants attention, even if that means trashing the Pope and his own mom. A pathological narcissist among many, but the most notable (let's hope) of our lifetimes.
After losing my shirt last summer on just 2 long-held positions--1. the cashing out of my most successful stock (Home Depot) because of the Aug. 24 flash-crash; 2. an overnight inversion play (among other costly injuries inflicted upon shareholders by the CEO of Mylan Labs)--I was overdo for a winner. But I didn't expected it from a conservative, small-dividend energy stock which I didn't even purchase--at least not intentionally. (I thought I was buying the spun-off partner of OKE, with the symbols OKS. My spell-checker changed it to OGS, which I didn't recognize until now--when the stock price is close to doubling.
What's the expected white knight that's driving this unlikely non-contender to the winner's circle? I'm afraid the "truth" will emerge at any instant, and that I'll miss the mad dash for the exits. What's the explosive catalyst that's built into this particular stock?
Somehow I got chuted into this 2-star fund, which is one of the biggest in the world, no doubt leading to the spin-off of this new "baby." But I'm curious about the original fund to get a better sense of the direction of the present fund.
Apple was drowning in money, so Tim Cook throws 4 Billion at trendy headphones maker Beats and its hip-hopper mascot, Dr. Dré. Meanwhile, Google makes a deal with the venerable (7 decades old), influential industry leader (JBL, Harman-Kardon, etc. etc.). If Apple had as much concern for how their audio files are being heard at the receiving end as at the transmission stage, they might have a chance at sustaining interest in a future product, even laying claim to the automotive space or the home TV network. But in prioritizing Dr. Dré over Harman, Apple has thrown the dice if not surrendered the high road. No, I'm not being suckered by Apple's latest attempt to sell an iPhone by including a Beats headphone or BT speaker (there's presently a glut).Time to bet on Google.
But aren't we lucky to benefit from all of the extra income produced by a pro-active CEO who managed to do a tax inversion financed on the backs of the shareholders. And she did it just ahead of legislation to stop this penny-pinching unpatriotic pratice.
Suddenly I'm seeing ads pop up in the middle of my cable programs that are so exaggerated and disruptive (with the familiar gonzo camera shaking like 3 simultaneous reality shows and kids running about in panic mode) that I can't help wonder if I'm seeing a SNL parody of "48 Hours." The crisis is soon identified as a potentially fatal allergy (to peanut butter), after which we see the word "Mylan." I guess if you're the parent of a college student who attends parties, you can rest assured now that Mylan has your precious one's back.
That doesn't begin to register the pain of the shareholder who, before chasing the stock up to its high pre-Teva, had been subjected to a tax inversion, paying for all of his capital gains on the "American" company before its reclassification as "foreign.".