The Mutual Fund Exchange

[timhyma]

Just finished a 60month review of my funds. I'm plan to drop CGRWX, as it didn't meet performance measures.

Still holding: BRSIX, GOLDX, LCVAX, LETRX, PHRAX, TGLDX

[anon.10]

thanks lou, mine were about 7%. I wish i still had them. lt

[timhyma]

oops, wrong board. Please delete

[timhyma]

In order to reduce the tax you pay on mutual funds held outside
of your IRA, in a taxable account, consider these alternatives:

* Tax-managed funds: A number of mutual funds have "tax-managed"
in their names. These funds attempt to take losses to offset
gains so that no net gains are passed through to investors. If
they must take gains, they try to hold stocks for a year or longer
before taking profits, in order to qualify for low-taxed long-term
gains.

* Index funds: These funds track an index such as the Standard &
Poor's 500. They generally do little trading so they may not
realize gains that have to be passed through to investors.

* Exchange-traded funds (ETFs): These are index funds that trade
like stocks. They enjoy special tax code treatment so they may be
even more tax-efficient than index mutual funds.

In many cases, index mutual funds and ETFs have low expenses.
This can boost the returns investors enjoy, over the long-term.

[timhyma]

Some mutual funds have the word "dividend" in their name,
indicating that they invest in the stocks of companies
that pay above-average dividends or increasing dividends.
While the stocks in the S&P 500 now have an average yield
under 2 percent, some dividend-oriented funds yield 3
percent, 4 percent, or more.

When these dividends are passed through to fund investors,
the top tax rate is usually 15 percent In addition, the
rate is only 5 percent for investors in the bottom two tax
brackets.

In 2006, married couples with taxable income up to $61,300
will pay only 5 percent on stock dividends, including those
passed through by mutual funds. Many retired couples will
be in that income group so dividend-paying stock funds can
be a good source of tax-advantaged cash flow.

Even better, in 2008 most dividends will be exempt from
federal income tax, for taxpayers in the bottom two brackets.
In that year, holding dividend-paying stocks and stock funds
will be a prime tax shelter.

[ThanksLouie]

they are around 7.5% by the time you figure the coupon and the price below par. i didn't go out too far - only like a year and a half or something.

[anon.10]

what is your interest rate. my broker had me sell mine when they dropped in quality several years ago. they paid good interest and wish i had not done it. i think they are safe now. lt

[ThanksLouie]

Bought more GM bonds today..... eom

[ThanksLouie]

OT: Bought some GM corporate bonds today eom

[ThanksLouie]

Bought AGREX today eom

[ThanksLouie]

Any time Lana eom

[anon.10]

And, thank you very much, kind sir.

[ThanksLouie]

International real estate are IIRAX, IIRBX, IIRCX (A,B,C shares respectively). Global Real Estate is IGLAX, IGBAX, and IGCAX (A,B,C shares respectively).

[anon.10]

symbol please.

[ThanksLouie]

ing has a global and international real estate fund. eom

[anon.10]

Does anyone know a comparable fund to macdx. thanks.

[anon.10]

I already own that one and I really like it.

[ThanksLouie]

Yet another one

[ThanksLouie]

ANOTHER TEST eom

[ThanksLouie]

TEST

[ThanksLouie]

Personal Trade: I'm completely out of ING Russia now, I think it has a lot left in it for the rest of summer and hurricane season, needed the money for house repairs....

[ThanksLouie]

Going to buy more EMSTX for my Dad's IRA tomorrow....

[ThanksLouie]

For those of you who want a large cap global approach, check out Oppenheimer's Global Opportunities Fund. It's done well.

[ThanksLouie]

It's called market action. It's normal for things to do that. eom

[anon.10]

Ing Russia went up 1.50 then back 1.50. was this a flook or what??

[ThanksLouie]

OT: Fiji Water - Anybody have this stuff before? I'm starting to see more and more people drink it. Tried some the other day for the first time thinking this is a gimmick but it was unreal, crystal clear water and HANDS DOWN the best......

[anon.10]

however, it just touched the top the the bollinger bands so it may go down.

[anon.10]

you can say that again. Ive got that fund and it is doing well.

[ThanksLouie]

ING Russia is on Fire! eom

[ThanksLouie]

lol eom

[FRED8]

Be careful of hobbies...ya know...the ones that cost too much...:)

I used to predominantly swing trade. Now, I fall somewhere in between that and a long(er) term investor...just have to watch out for the all too occasional bag-holder trading style.
:-/

[timhyma]

I don't pay a lot of attention to my TSP account (review quarterly), and other than watching up/down days on the mutual funds, not a lot to do with them either.
The trick is to play the stocks. I like to swing trade, and hope in a couple more years, it will be a full time job- instead of a hobby <g>.

[FRED8]

Wow, thanks Tim. Now, how many eyes do you have?

[timhyma]

I have BRSIX, CGRWX, GOLDX, LCVAX, PHRAX, TGLDX, and LETRX in one account for mutual funds. I also have a TSP account with the F, S, I funds.

So- 10 total on funds, plus 15 stocks, lol.

[ThanksLouie]

Goodbye for today all. I have to go to work. eom

[ThanksLouie]

Yeah. I've been so busy at work and trying to study to get my license to sell investments that I actually forgot about 'ol uncle sam - big mistake. The last thing I need is to make caeser mad.

[ThanksLouie]

yes it is. he's been my broker for about ten years now. I worked as a teller in the bank that he works in and he hired me as an assistant about a year ago.

He's a great broker, probably the best i've ever had. I've dealt with nearly ten in my life and I am convinced that ethically and financially, he's the best. That's why I'm working for him.

In this business, there's a lot of people who lie, steal, and cheat. He's not one of them.

Leaving for the office in about 15 mins.

[FRED8]

Well, I'm glad you didn't wait till the last day to fill out your taxes, lol.

[FRED8]

Getting inundated with work/phone calls at the moment...

I don't remember if I have a Marketwatch account. (In your link.) I think I had one several years ago.

A "short-term cash/interest builder". Sounds a bit tough to figure out.

Let's ask/thank Louie later. :)

[FRED8]

Is that the "Louie" you're thanking? :)

[EZ2]

stumbled across it as part of an ETF article.

writer has it positioned a type of 'short term'
cash / interest builder........I have tried to
find more to research...but, as you mentioned
pretty thin.

I think this is my link....

#msg-10515367

[ThanksLouie]

If you want to call in about 2 hours, I'll be in the office. I'm actually filling out taxes right now icky icky. Feel free to call cya later alligator lol

[ThanksLouie]

lol, got your PM.

[ThanksLouie]

actually, what would be better would be for you to contact my boss, explain to him that you already have a wachovia broker, but you want him (my boss) to become your broker.

His name is Louis Pannucci, and his phone number is 610-444-7249. If you get his voicemail, leave your number, and I (yes me) will personally return your phone call.

[FRED8]

OK. If you can, ask your boss to call Jim (I'll PM you the #), and tell him to call me since I'm waiting forever on a call back from the bum, lol.

Otherwise, he's fired.

[FRED8]

I'm not familiar with OSM, but a quick glance...

...Kinda tough to get info on it...looks so so technically...that's my official cursory glance comment: So-So


How did you find out or come up with OSM?

[ThanksLouie]

YES. Consult him first. My boss would not be able to even talk to you without the permission of the other broker. Can't steal clients. lol

[FRED8]

I just looked at your profile...Wachovia...

A guy, Jim Silver, who use to work for me (I trained him in private placements, pre-IPO's & IPO's), is a vip at Wachovia.

He travels between the New York & S. FL offices. By chance, do you know him? Maybe you can make fun of him in your office, lol.

Since he handles some stuff for me at Wachovia, would it be a conflict (or not very nice) if I spoke with another advisor at Wachovia?

[EZ2]

FRED8 ~~~ any thoughts on OSM ???

tia !!

[ThanksLouie]

Well, with mutual funds, I guess if you are preparing for retirement, You'd want a conservative mix in stock and bond funds, with a little bit of international for growth. Really, it all depends on what you are comfortable with.

If you are considering preparing for retirement, I would highly recommend contacting a financial advisor, because he or she can go into detail with you and plan your complete financial pathway.

I can recommend my boss, who is also my financial advisor. I can give you his number if you'd like to setup something to talk about mutual funds. Just for a disclaimer, I am not soliciting his business and I would not get paid or reimbursed in any way if you decided to invest with him.