Investing
Understanding M*’s Star Rating
If you are a mutual fund investor, chances are you have seen Morningstar’s star rating every where, on fund family’s website, on Yahoo! Finance (where you can find a comprehensive list of funds and fund families), even on funds’ ads. Common sense tells us a fund with five stars should outperform a two-star fund, the [...]
Weekend Reading: Aspects of Investor Psychology (Part I)
Since we were forced to stay at home because of the storm, I decided to pull out a paper I printed out sometime ago and but didn’t have time to read. The paper, Aspects of Investor Psychology, by D. Kahneman and M. Riepe, is not new (published in 1998 in Journal Portfolio Management), but it [...]
Latest Chinese IPO On Deck — EDU
New Oriental Education (EDU) will be the latest Chinese stock to be listed on the big board. According to IPOHome.com, EDU will offer 7.5 million American Depositary Shares (ADS) at a range of $11-$13 and the stock will start to trade on Wednesday, September 6.
EDU’s main business is test preparation. As tens of thousands [...]
Stop. You Exceeded The Limits!
No, this is not for speeding, but for online transfers at my HSBC account.
I got a letter from HSBC tonight dated last Thursday, August 24th. The letter says my savings account at HSBC has a limit of six “preauthorized, automatic, computer or telephone transfer” in any month, calendar or statement cycle month and I [...]
Vanguard To Offer New Dividend Fund
Good news for dividend investors. Morningstar.com reported today that Vangurad will launch Vanguard High Dividend Yield Index Fund in the fourth quarter of this year. The fund, which tracks FTSE High Dividend Yield Index, will also be available in ETF shares. The mutual fund will have an expense ratio of 0.40%.
2006 4-Week T-Bill Rates
Last week’s 4-Week T-Bill auction set the latest rate at 5.166%, a slight dip from previous two auctions, but still higher than the rate at EmigrantDirect which pays 5.15% for savings account. So far, we have enjoyed an upward swing of the 4-Week T-Bill rates, up from 4.00% at the beginning of the year to [...]
Should Water Find A Place In Your Portfolio?
I came cross an article about global water shortage on BBC News today. The main message of the article is that water shortage, which is usually seen as a developing country problem, now posses a threat to both rich and poor countries alike. This reminds me an article I read early this year on MarketWatch [...]
More T-Bill Purchases
Now I buy $3000 of 4-week Treasury bills every week.
I have been purchasing $2000 of 4-week T-bills weekly since since April after reading a discussion on Morningstar.com about the rate of 4-week T-bill and the rate of online savings account. At that time the two were every close, but since T-bill is exempted from state [...]
MSFT Shares Stay With Me, For Now
I received in the mail a notice from Microsoft today regarding their announced share buy back plan. The offered cash price is between $22.50 to $24.75 per share and the offer will expire on August 17, 2006.
Currently I have 200 Microsoft shares, purchased in November 2004, days before their special $3 dividend distribution. Since [...]
Loaded More Nortel Shares
I bought another 320 shares of Nortel Network, at $1.99, with some dividend money accumulated in my Scottrade account. This brings the totoal number of shares I owned to 2720. Since early 2002, I have been on and off with NT several times and when I first bought NT in 2002, the shares were traded [...]
