My old fund is no more Janus Worldwide is long gone as well as the crooked management team. For my loss Janus offered me a minuscule fee cut for future business as part of a class action.
WSJ articles lead to believe that there is more foreign market opportunity than stateside. I use to hold JWW about 1997 but they cheated the hell out of me but still did fair but should have been better. Europe , Asia and no Russia. Anyone have pet plays?
Many will be sitting on big gains at Dow 18000 and take profit and will sell losers to offset there gain. Last year January was unusually poor because many took profit and ducked to make sure the coast was clear before reinvesting. There must be a major correction sometime or another one would think. Also plan on rising interest rates sometime sooner or later. I admit to being lost, without a sense of direction in this environment .
mcdusty, I think Slick is correct. You can take a annual $3k Capital loss Deduction over your Capital Gains. Or to say wipe out your Capital Gain and take a $3K deduction to other income.
Finland, Very interesting stratergy you recommend , buying Put on or near the bottom. I think I would rather sell you a Put and buy a Long Call with the Income.
While I don't mind a ROC from a MLP with plenty of earnings, ROC from a fund like GGN with little earnings gives me the creeps. Make sure you are near a chair when the music stops.
Probably correct about Bear rally. I sold some MEMP equal to my yesterday add at $16.215. Traveling light with cash. If OPEC rolls over I will be too light and will buy at a higher price.
I missed the big move today but SFY has been a fun trade. But you need to look close at it. IMO in a OPEC price war the big and strong will merge and the small and weak will be devoured. SFY looks to be small and in a weakened position. Interested in your and others opinion.
Many funds dump there Preferred at end of year for window dressing. They don't want there clients to know where there returns come from. The last week of the year has some good buys.
Harold Hamm is of the opinion a price war will be short lived with the weak players folding fast. That's probably why he sold his hedges. LINES 2015 hedges might be enough and MEMP hedges through 2017 might be overkill. I hope Mr. Hamm is correct.
Nickspinner is a dumb but and deserves to be stuck. He has posted the same mindless #$%$ on ever REIT in the galaxy.
I can see GGN ceasing to exist at a moments notice. The only good use for Gold that I am aware is electrical contacts and jewelry. You can fake the jewelry but nothing is better for highly critical electrical contacts.
Kel let me toss this in, your recommendation of SFY is my best trade of the last 2 months. It goes up and down like a yo-yo :) But leary of too larger position if the poop splatters.