Jorgensens on Money - Free Discussion Site
- AL_W
- Kirk
- Kirk
- mdorsey
- Kirk
- snaimon
- Kirk
- mdorsey
- AL_W
- Kirk
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» AL_W - Re: Jorgensen On Ginnie
In response to message posted by Slick:Slick....
I heard his tirade too.
Since Jim said they ( Ginnies ) get called when the rates go down, I assume he is talking about buying Ginny Notes themselves. These are subject to various fees, that I have heard can be fairly high, and one needs to know about and question their broker a lot about the fees if one is going to buy these notes through a broker. You can buy them direct, but if you need to sell one, you are are the mercy of the after-market brokers.
I don't believe his comments apply to Ginnie Mutual Funds. However, in a mutual fund, your NAV is at risk when rates are rising, but you get a windfall when rates are dropping. Over a several year period, the NAV changes average out and return is basically about what average yield is. Of course, there is a management fee with the mutual fund, but IT SHOULD BE LOW, as the management of these notes is fairly small.
As a side note, I would not buy any bond fund at this time, as interest rate are likely to rise of the next year or two, chewing in the NAV. I do own a Ginnie Fund, which returned about 11% for the 12 months before last Oct. Since then, its NAV has dropped about 3.5%. I do not plan on selling this fund, but I do expect the return this year to be only a percent or two, and could even go negative. That is the risk you take for multi-year Ginnie returns being a couple % more than Money Market.
-- posted by AL_W
» Kirk - New Frequency for SF Area on February 10
In response to message posted by Kirk:New San Francisco Radio Station: "The Jorgensens on Money" is now on KYCY 1550 AM in San Francisco! Beginning February 10, the show airs every Sunday morning at 8:00 a.m. pacific standard time
or Yahoo! broadcast here: http://www.broadcast.com/shows/thejorgen...
Jorgensen's "Its Your Money" Fan Club Page: http://www.suite101.com/myhome.cfm/Jorge...
-- posted by Kirk
» mdorsey - Re: Re: Jorgensen On Ginnie
In response to message posted by AL_W:If you are so pessimistic why not ell right now? You have a gain of over 1% and MM is paying over 2% for the rest of this year, maybe more.
I will hold my bond fund for a while longer. I believe rates will hold steady or creep down for a few months. I am still looking for the 10 treasury to yield 4% in the near future. Inflation is well under control and the FED won't tighten as long as the economy is limping along.
-- posted by mdorsey
» Kirk - Zone Alarm
On today's show, Richard Jorgensen recommended running the free application called ZoneAlarm.
I STRONGLY recommend against running this program.
It installs "spyware" software on your PC that monitors what you are doing and what web sites you are visiting.
(go find Ad-aware ( http://www.lsfileserv.com/ )for free and run it if you have Zonealarm and it will tell you if you have spyware running.)
IF you uninstall the program, then your PC will not access the internet as it takes out some files that are needed. I've talked to SBC about this as a friend had it on her PC and they said the only way they can get a PC working again is to reformat your hard drive (everything goes blank) and then reload your operating system and all your software.
AlinSJ wrote in our tricks and tips thread about this and says you can reload the DLLs that are destroyed by uninstalling ZoneAlarm if you know what files these are.
Anyway, that spyware software makes your PC slower... and it can really slow down older PCs.
-- posted by Kirk
» Kirk - Re: Re: Zone Alarm
In response to message posted by snaimon:I can't find it either... perhaps someone can do a search... I don't recall where it was posted.... but Al often comes to chat so you can go there and ask him in person this afternoon and perhaps he can repost the info here?
-- posted by Kirk
» mdorsey - Re: Re: Re: Jorgensen On Ginnie
In response to message posted by mdorsey:Still holding most of my bond funds. Rates have not come down as I expected. My prediction of a 4% 10 year yield is a nowhere in site. The FED has been reluctant to raise rates and I believe this will continue. After the first quarter of growth in GDP caused by inventory rebuilding I expect a slowing of growth maybe even the dreaded double dip recession. This one caused by consumers.
-- posted by mdorsey
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