New Alternative Strategy Funds from Direxion
Direxion is best known for providing tools that help investors and traders implement their strategies. Their line of 3x ETFs, providing +300% and -300% exposure to many popular indexes, have been quite successful for the company. Recently, Direxion took another big step with their new alternative...
Reverse Share Splits and Other Rydex Fund News
With all the talk about ETFs, you might think that traditional open-end mutual funds no longer existed. Nothing could be further from the truth. Yes, most of the innovation is now taking place in the ETF space, but mutual funds will be with us for a long time. In my All Star Fund Trader publication,...
Starless Funds
The year 1997 had an extensive amount of fodder for an April Fool’s edition of the award-winning All Star Fund Trader. In honor of this day to poke a little fun at just about everyone and everything, we are reproducing it for you. We hope you enjoy it. For a downloadable copy, please click here. 10...
A Bond Fund for Uncertain Times (PTTDX)
On Tuesday President Obama told ABC’s Nightline, “Wall Street, I think, is hoping for an easy way out of this thing and there is no easy way out.” Although he’s pushing a nearly trillion dollar stimulus package, the newly-elected chief executive is still suggesting tough times...
Where Risk Management is More Than a Buzzword
The stock market is like a giant pendulum. One year it swings in the direction of unrealistic hope. The market rises on the dreams of double-digit returns. Portfolio managers rejoice, Wall Street pays huge bonuses, and the bankers buy plush apartments for cash. In short, greed rules the market. The...
Federated Receives 1% Mgmt Fee for a Money Market Mutual Fund
Bloomberg reported today that money market fund balances swelled to $3.51 trillion, a new all time record. In some cases, managers were waiving fees to keep yields above zero. What caught my attention was how Federated Investors Inc, the 4th largest money market fund manager in the U.S., is able to...
Trapped in a Bear Fund
Read an article at cbsmarketwatch today whereby the author mentions getting hit with email regarding bear funds and asking if now was the time to buy. Click here for the article. This is classic investor behavior. After a significant decline for the averages in November, we find investors now believe...
