Don Cassidy
Don Cassidy
against buy closed hold interest investing kinds lots matched nicely rates somewhat structure watch
There are lots of different kinds of investing nicely matched against the structure of a closed end fund, that are not matched through other things. But this is not something you necessarily buy and hold forever. You've got to watch interest rates ... and be somewhat involved. But do you need to be an expert? No.
confidence investing maybe quarter tells
I think it tells you a lot about the confidence you can have investing overseas. And maybe a little about the kind of quarter we had here at home.
insular
You can be too insular in your thinking. It could backfire big time.
everybody funds start
We and just about everybody else thought that large-cap funds would start to take over in the first quarter, but it didn't happen.
banks clearly drive factor financial five growth helping large leading shift six value year
We thought there'd be a shift to growth this year because value had been leading for five or six years, but we also thought there would be a shift to large caps, which clearly hasn't happened. Meanwhile, value-oriented sectors such as financial services, banks and brokers haven't been strong, another factor helping to drive growth over value.
backward business conditions guess investors last paying tend
Too many investors tend to be backward looking. You can't just say they declared the quarterly dividend for the last 10 years, I guess they're going to keep paying it. Think about what the business conditions are.
begun climate rally solid stocks year
This year the month's psychological climate also benefited from a solid rally in stocks that had begun in mid-October.
buy higher stomach whenever
Whenever you buy any kind of sector, you have to have the stomach for higher volatility.
millions rather united
We see him as one more young man, like thousands, like millions who rather come live in the United States.
fickle investors
We said it would be a stock-picker's year, and it was. Investors were particularly fickle and short-term driven.
advice ask buyer financial force good investor lean number rely
Number one, long term, they will be a no-load buyer and a more cost-conscious investor and not lean so heavily on the advice of financial professionals. And two, it will force them to do a little self-educating, which is always a good thing. At the very least, if they are going to rely on someone else, they can ask intelligent questions.
capital due funds gains money people taxes
People will feel they did not make a lot of money (this year), and yet they may well see some significant capital gains taxes due on their funds holdings.
afraid buy fun rates threat time
Like anything else, the time to buy them is when they look the scariest. When they've been going down, when rates have been rising, and you're afraid and there's the threat of recession. ... And if it's been fun for a while, you better think about getting out.
investors less sign
The smaller, the better was the watchword in the first quarter. It's a sign that investors are less risk-averse than they have been in a long time.