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Talking stocks, trading, and investing in general - Page 213

post #3181 of 5136
Quote:
Originally Posted by Connemara View Post

You know, I think I'm going to start out with the TRP Retirement 2055 fund. After some thinking I don't feel confident enough to set up and balance asset allocation on my own.

 

I would look at fees on those target date funds.  My company has higher fees on those but the majority of 401k holders are in those funds.  I am sure you could mimic what is in those funds on your own to save some $ and update it yearly.  It would just take a little research every year.  Unless this TRP Retirement 2055 fund is something outside of work and a personal account.  Then it would take more research and figuring out which options to pursue.

post #3182 of 5136
Also, actively managed funds are so yesterday.
post #3183 of 5136

CLF got hit big time in earnings...and people tend to not like dividend cuts.  I remember someone saying they were holding a position in the mid 30s

post #3184 of 5136
GE seems to be getting back on track with what their business is. I own it, but it is a strange bird, originally an electric company, now a manufacturer and in the middle area somewhat of a random approach to buying businesses. Still I think Immelt has a plan and is doing a good job of finally moving past the Jack Welch era.
post #3185 of 5136
Quote:
Originally Posted by jbarwick View Post

I would look at fees on those target date funds.  My company has higher fees on those but the majority of 401k holders are in those funds.  I am sure you could mimic what is in those funds on your own to save some $ and update it yearly.  It would just take a little research every year.  Unless this TRP Retirement 2055 fund is something outside of work and a personal account.  Then it would take more research and figuring out which options to pursue.

Eh...the expense ratio on Conne's fund is low enough that it doesn't matter (0.78%).

Some things just make more sense to automate. If Conne wasn't already interested enough in this stuff to be doing it on his own, it is probably not worth his time to do his own. Target date funds are a great thing.

The only thing I would do with a target date fund is consider one that ends after you plan to retire if you want a little more risk. I tend to think that the default options seem a little more conservative than I would like but if you jump to a 5-year older fund, it looks a little better.
post #3186 of 5136

Jack Welch, in his infinite wisdom, turned GE into a financial company. Jefferey Immelt is trying to undo this transformation. That is, turn GE back into a manufacturing company.

post #3187 of 5136
Kind of, it's a little hard to put your finger on GE's model pre-crisis. They had a hand in everything, especially finance.
post #3188 of 5136
The finance wing of GE was immensely profitabe
post #3189 of 5136

Before the GFC, GE capital was the crown jewel of the conglomerate's empire. Not only was it immensely profitable, but also allowed management to always hit the analysts' EPS number. However '07 changed all that. Management recognized GE Capital threatened the existence of the parent company. The unit that was once so profitable, became highly unprofitable at an alarmingly quick rate. The unit now provides a net drag on the parent company, given their balance sheet is underwater, particularly the real estate assets in Eastern Europe.

post #3190 of 5136
GE Capital is still 50% of GE's net income so I wouldn't say drag is the appropriate word. Maybe on the stock price being valued as a financial company.
post #3191 of 5136
So if you miss earnings....raise your guidance.
post #3192 of 5136
Quote:
Originally Posted by jbarwick View Post

CLF got hit big time in earnings...and people tend to not like dividend cuts.  I remember someone saying they were holding a position in the mid 30s

that would be me, still holding it.
post #3193 of 5136
MACD still positive on the weekly. I'm going to venture April 33 calls if it holds. Break this week and doooowwwnnn.
post #3194 of 5136
Sold out of MCD yesterday. Worst 52 week performer in my portfolio. I usually buy my losers to lower the average, but I've run out of patience with MCD's.
post #3195 of 5136

I thought the rationale for owning low beta was because they outperform the market over the long run. 

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