This morning, I placed a call to the Fidelity Fixed Income desk and requested them to liquidate half of my municipal reset bonds. The rep was very friendly and helpful. I read out the CUSIP numbers to him, he repeated them back to me and the sale orders were submitted.
Three hours later when I logon [...]
Recently, it has emerged that bond insurers might also be adversely affected by the subprime meltdown. In a recent article called “Time to think the unthinkable about bond insurers” on Bloomberg, it was noted that
… the stocks of the two biggest bond insurers, MBIA Inc. and Ambac Financial Group Inc., plummeted as investors worried that [...]
October had been another good month for my portfolio. The gain for the month was 3.44%, bringing the year-to-date return to 15.78%.
As can be observed from the graph below, my portfolio benefited from the two non-trivial allocations to emerging markets (10% allocation) and precious metals and mining equity, PME (5% allocation). Emerging markets gained 13% [...]
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