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Tag Archive | Investments

Just Because The Dow Was Down 6% In 2018 Does Not Mean All Investors Lost Money. No Sire.

by Anura Guruge


Click to ENLARGE. From the Jan. 1, 2019 marketwatch.com.


No, my stock investments did NOT lose money in 2018. They actually appreciated, as they should. I have not lost money on the stock market in quite a few years. {Smile}.

No, it wasn’t luck. Much of it was patience, prudence and sanguinity. When I was younger I used to panic and start selling when the market went down. Well, after nearly 30-years I finally learnt. And towards the end I was inspired by two elderly gentleman, both close to 80, who had done very well as investors. I learnt from them. They were long term investors. Buying and holding ‘solid’ stock for years without constantly trading and chasing the latest fad/trend.

Their wisdom finally dawned on after I turned 55. I started thinking long-term and strategically.

That I stayed FULLY invested during the financial carnage of 2008 — 2012 helped. Proved to me that I can weather the worst downturns and still survive. Of course, those of us who suffered during those 4-years came out of it stronger and then started reaping rapid gains soon after. That was a nice boost.

I do a lot of options BUT I don’t churn stock. I buy and hold for years and I have bought well. {Smile}

Yes, sometimes I do think I should share with others my investing insights. But, I am not licensed etc. So, alas, I have to keep much of my strategy to myself.

But, please, going forward THINK — ‘be patient’, ‘be sanguine’, ‘try not to panic’, ‘think long’, ‘buy-and-hold’.

Happy New Year. Good investing. 2019 will be a better year I hope — for YOUR sake.


Related posts:
Categories ‘Investments& ‘Brains‘.


by Anura Guruge


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Fidelity Investments Does Not GOOF Often, But When They Do It Is Quite Funny.

.Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related posts:
>>
Fidelity ‘Active Trader Pro’ & ‘Silverlight’.
>> New Accounts & Trade is flawed.
>> 
Old Positions screen stops working.
>> New account look …

++++ Search on ‘Fidelity’ for other related posts >>>>


That I am a avid fan of Fidelity is well known and documented (and I have been a Fidelity customer for over 25 years).

As far as I am concerned Fidelity and Amazon are the TWO BEST companies in the whole wide World. Everyday on this computer I have, all day, one tab with Fidelity on full-time and another with Amazon. Fidelity takes great care of me.

Yes, I have issues with their online system and as THEY have started to appreciate I know what I am talking about when it comes to that system since I use it more than most.

So this NOTIFICATION this morning cracked me up!

Of course, as an ex-programmer, I know why and HOW it happened BUT I also know that if I had written the code (or had been involved in the code review) this would never have happened. Yes, I notified Fidelity and they will be suitably embarrassed.


000goof

Click to ENLARGE and CHUCKLE here.


Fidelity’s “Active Trader Pro” Requires MSFT ‘SilverLight’ & Latest Chrome Does NOT Support It!

.Anura Guruge December 2014 thumbnail
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by Anura Guruge


chromesilverRelated posts:
>> New Accounts & Trade is flawed.
>> 
Old Positions screen stops working.
>> New account look …

++++ Search on ‘Fidelity’ for other related posts >>>>


fidelityactivetradersadad

Click to ENLARGE and look.

Fidelity, always very nice towards me, has been telling me for 6 months or more that I should try their new “Active Trader Pro” trading platform — especially since I am entitled to free access to it (probably because of my advanced age).

Today I thought I might give it a try to see if I can use it INSTEAD of the new system which does not sit well with me.

As soon as I tried to launch it I was told I needed Microsoft’s ‘Silverlight’ enhanced screen display software. I thought I already had it. Then the problem became apparent. Google Chrome has stopped supporting Silverlight — over the last 6 months or so!

That is a problem. I will not switch from Chrome. It appears that this is a well known issue. I am kind of surprised that Fidelity has not addressed it.

Just a heads up.


Fidelity’s New ‘Accounts & Trade’ System User Interface Had To Have Been Designed By An Inebriated Blind Person.

Fidelity_Investments_689466_i3.Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related posts:
>> 
Old Positions screen stops working.
>> New account look …

++++ Search on ‘Fidelity’ for other related posts >>>>


Don’t get me wrong, I am Fidelity’s GREATEST and most loyal fan (even if they have stopped giving me any IPO allocations (and maybe as such they are doing me a favor)). Just check this blog. Their accounts reps. are wonderful. I really have never had any serious problems with Fidelity in over 30 years of dealings OTHER than my intense displeasure, over the last few months, with their new ‘Accounts & Trade’ system — specifically its User Interface.

No question, the new system is a vast improvement in that it provides a LOAD more information and does so conveniently. That is a good part.

The atrocious part is how that information is presented. Yes, I have had multiple very productive and pleasant calls with Fidelity about my issues with the GUI (graphical user interface) and I even had a call back, a few weeks ago, to tell me that ALL of my issues have been noted and that each and every one of them WILL be fixed — however, not any time soon!

I am NOT a casual user of the Fidelity system. I have a Fidelity tab open on this PC at least 12 hours a day! No, I don’t trade constantly though I probably trade more often that most. I did three or four trades today. I probably average over one a day. That doesn’t make me an active trader but I am also far from what would be classed a passive one. I check the screens quite often during the day. SMILE. So I know my Fidelity system and Fidelity knows that I know my Fidelity system.

ONCE I discovered and told Fidelity, on June 17, 2015, that the old system had stopped reporting some new transactions I did NOT have any choice but to start using the new system. There was no way I was going to stick with a system that didn’t show me all my recent transactions.

Once I started using it I quickly narrowed down the three (3) key things that were driving me insane.

1/ The fields are way, way, way TOO WIDE and there is no way that you can condense them (and I use a 23″ WIDE screen for my Fidelity tab). With a Fidelity rep in tow I worked out how wide the fields are. Some of the dollar value fields could hold in excess of $99 Trillion values. That is crazy. Basically all the horizontal fields are WAY TOO WIDE and you can’t make them narrower t give you a better, closer, more intimate view.

2/ You can’t rearrange the order of the columns. You should be able to create a customized view that best suits each user. Plus the new columns are not in the same order as the old ones.

3/ The very comforting light yellow highlight background to denote changes that have taken place today is gone. I was used to using that yellow background to navigate the columns.

Fidelity has agreed that all three of these issues are legitimate and that they will fix them — BUT not any time soon.

So giving you a heads up.


Fidelity Investments: HEADS UP — Old Positions Screen, As Of NOW, Might Not Be Up-To-Date!

As you must know Fidelity for the last 7 months (maybe longer) have been trying to get us to move to the “New Accounts & Trade” system. Many probably have. I, very much a creature of habit, have resisted. Yes, I have tried it and have given lots of feedback.

Last week, given that I have fairly frequent, always extremely pleasant, chats with Fidelity representatives over the phone, I heard that we would soon have no option. We would have to move to the new system.

Just ‘now’ I discovered a FATAL flaw in the old system and had it CONFIRMED by Fidelity. The old system STOPPED showing, on ‘Positions’, my latest transaction! Yes, given my uncontrollable addiction for option trading, I did some today. [When I called Fidelity the automated system always tells you how many orders you have executed that day. Told me that I had 10. TEN! I am embarrassed. I wrote 10 options this morning. That is bad. As addictions go it is not a bad addiction. I made money. So it is an addiction that costs nothing and in the long term is mainly benign in that, after decades, I finally am at the point where I will NOT write any ‘underwater’ options. But, me and my option trading addiction is a story for another post. But, I am smiling. SMILE.]

Anywho, I wrote an option. It was executed. It appeared in history. But NOT in the old positions. It does appear in the new.

That is scary. So basically as of around 1:15pm today you can NO LONGER trust what is on the old positions.

I had a lovely chat with another delightful Fidelity representative. He confirmed that what I was seeing and saying was true. He did not know.

So a heads up. Not the end of the world. Just use the NEW system.

My latest requests re. New system were three (3): a Fidelity based zoom options, option to be able to make the columns narrower and to be able to rearrange the order of the columns.

Hope this helps.


Artio Global High Income Mutual Fund (BJBHX): I Bailed With Regret.

Anura Guruge, laughing, picture November 16, 2011.

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..by Anura Guruge


Last investment related post:
>> The 2012 Special Dividends: Selling Short … — Dec. 3, 2012.


I got back in in March 2013 and have stuck with
it through thick and thin.

See posts one & two.


Artio


Artio Global High Income Fund (BJBHX) is what has kept me afloat, with my head just above water, for the last 3.5 years. I adored it, sang its praises and recommended it, all the time. It WAS a great fund. Of non-institutional mutual funds (not counting the semi-cannibalistic closed end funds (CEFs) that distribute some of their capital as distributions) it had the highest monthly dividend I could find (relative to NAV), with a 0.02 variation between months. There were also period of genuine growth.

60% of my meager, severely depleted savings were in BJBHX and until last Friday (December 28, 2012), I never gave it much though. BJBHX had been ‘a keeper’. Come December I start scouring the Artio Website for their year end distributions. Yes, I found this year’s, and as ever it was a range. The minimum was 0.03 per share. Last week I called them twice trying to see if they can get me a better idea. They wouldn’t.

They paid the December 2012 dividend on the night of December 27. It was 0.03! For 12 hours I consoled myself thinking that this was just a special year end distribution and that they would do their normal monthly distribution on December 28, the 28th their usual target date for distributions. I was wrong. 0.03 was it for December.

The November distribution had been 0.07. ‘Marketwatch‘ had 0.07 as their ‘Income Dividend’. They had never been below 0.05 in all of 2012. They had never done just a 0.03 in years.

I felt raped. If they had given us a head’s up, I would not have felt so bad. I called them twice last Friday. Their telephone support isn’t in the same class as Fidelity.

I called them again yesterday and asked whether I could speak directly to a Fund representative. To their credit they said they would try and that they will try and get somebody to call me.

But, prior to the 4pm market close, I placed an order to sell all my shares in BJBHX.

The phone rang at 4:20. It was somebody from BJBHX. He was very nice. He understood my issue. It appears that due to foreign currency fluctuations BJBHX had a trading loss for the year. So rather than distributing capital gains, they had loses. The 0.03 was a reflection of that. He claimed that dividend would go back to ‘normal’ in 2013. To late. I had already sold and BJBHX has a very strict re-investment policy to protect holders against churn. So if you sell, you typically can’t get back for 30 days. It is in the prospectus. But, emotionally I am done with BJBHX, though I know that you can’t let emotions influence your investing.

I could be wrong, but as far as I can see, I cannot find another non-instutional, non 5% up-front load, ‘open’ (as opposed to ‘closed’) mutual offering monthly distributions of 0.07 per share on a $10 NAV — and I check each month on Yahoo finance, because the ‘summary’ rate quoted on sites like ‘Marketwatch‘ can be way out-of-date.

The nearest I can find is Janus High Yield, JAHYX. JAHYX is my backup. They maintain a fairly steady NAV. FHYTX and TGINX are close.

I don’t trust CEFs. Too many games for non-insiders, so to speak. So I stay away. Yes, I get tempted, but I refrain. I have good will power. Looking at some MoPay stocks. Interesting. But, bottom line, BJBHX and I have parted company.

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