What are you buying today?

[Zorrofan]

Lance,

As a holder of KMI I am curious why you sold? My feeling is Rich Kinder will use the current turmoil to add assets at attractive prices but I am always looking for the flaw in my reasoning. If you don't mind sharing why you sold?

thanks
Zorro

[Lance]

Hi Zorrofan - I sold KMI to raise cash for purchasing during the downturn that I've been expecting but never seems to arrive.  I still like KMI and will likely buy it back in the event it move below my sell price. 

Thanks,
Lance 

[Zorrofan]

Hi Zorrofan - I sold KMI to raise cash for purchasing during the downturn that I've been expecting but never seems to arrive.  I still like KMI and will likely buy it back in the event it move below my sell price. 

Thanks,
Lance

Lance,

thanks for your reply - if it is any consolation I've been raising cash too but I am starting to wonder if the FED will ever let the market correct....

cheers
Zorro

[frommi]

Sold out of SEC.TO and bought QVAL.

[AtlCDore]

Sold out of SEC.TO and bought QVAL.

frommi,

Just curious why sold out of SEC.TO? 

Regarding QVAL, do you have a % of your assets in quantitative value funds?  Have you looked at other funds?

Thanks,

AtlCDore

[giofranchi]

I am buying FFH today, and I'll be buying BH in two weeks (if its price stays this low or is lower).

Cheers,

Gio

[kirkomi]

Sold out of SEC.TO and bought QVAL.

You are jumping around quite a bit frommi. PKX -> SEC.TO -> QVAL.

[50centdollars]

Buying IRG:TSE

[frommi]

Sold out of SEC.TO and bought QVAL.

frommi,

Just curious why sold out of SEC.TO? 

Regarding QVAL, do you have a % of your assets in quantitative value funds?  Have you looked at other funds?

Thanks,

AtlCDore

Because after the discussion and looking at historically P/B ratios for SEC.TO i see a P/B of ~0.6 as fair value of SEC.TO and because it is now close to that number and the stock is so illiquid i wanted to get out on the way up. QVAL is only a small part of my portfolio at the moment, but i can imagine buying more of it because i can compound tax efficient and with a small TER there with a tested value strategy that is proven to beat the market. But in the first place i bought it because i had no other good idea at the moment. But that can change daily.

[frommi]

You are jumping around quite a bit frommi. PKX -> SEC.TO -> QVAL.

Yes sorry i have a skittish mind.