tag:blogger.com,1999:blog-1687943522027007206.post8428888422783510485..comments2023-06-03T17:16:23.390+03:00Comments on Investing by Accident: Running Away from a PFICDonnyhttp://www.blogger.com/profile/00393238234242790016noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-1687943522027007206.post-33459146910547745272014-11-26T11:51:18.643+02:002014-11-26T11:51:18.643+02:00Thank you for this note. I think you are right tha...Thank you for this note. I think you are right that ETNs are PFICs. I posted a correction this blog here: http://www.investingbyaccident.com/2014/11/run-away-run-away.htmlDonnyhttps://www.blogger.com/profile/00393238234242790016noreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-33191443779597766642014-10-29T11:45:43.045+02:002014-10-29T11:45:43.045+02:00Unfortunately you are wrong regarding the classifi...Unfortunately you are wrong regarding the classification of Israeli ETN's.<br /><br />As per the Joint Investments in Trust Law (Amendment 16):<br /><br />Establishment of ETNs – ETNs are to be established through agreements signed by ETN management companies, and companies serving as trustees for the arrangement. “ETNs” are to be defined in a manner similar and equivalent to that employed for mutual funds, and ETN issuers are to be defined as ETN managers (equivalent to fund managers).<br /><br />Those ETNs will cease operating under a legal structure which sees them as “debt certificates” issued as a security pursuant to a prospectus, and will migrate to a legal structure essentially similar to that of mutual funds, where investors hold ownership rights in the assets.<br /><br />Corporate governance – The amendment will apply those corporate governance principles governing the mutual fund market on the ETN market as well.<br /><br />Therefore since Israeli ETNs are defined by Israeli law in a manner similar and equivalent to that employed for mutual funds... and operate under a legal structure essentially similar to that of mutual funds... in my opinion they are clearly PFICs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-15659900757652819872014-04-08T19:49:03.593+03:002014-04-08T19:49:03.593+03:00I don't have particular thoughts on investing ...I don't have particular thoughts on investing in either company, although I noticed that Microsoft has been showing up a value investment recently; e.g. check out http://www.magicformulainvesting.com/Donnyhttps://www.blogger.com/profile/00393238234242790016noreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-31676865818224771442014-04-08T14:47:58.876+03:002014-04-08T14:47:58.876+03:00Donny - should we invest in Microsoft or Google Is...Donny - should we invest in Microsoft or Google Israel? Do you have a good book to recommend on Microsoft? I found this one on Google http://www.amazon.com/gp/aw/d/1416596585/ref=redir_mdp_mobileAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-29352291253055378512014-04-07T17:03:54.453+03:002014-04-07T17:03:54.453+03:00Should we invest more in the Google class C shares...Should we invest more in the Google class C shares? Thoughts?Roger B.noreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-1546001445658276022014-04-07T09:09:09.997+03:002014-04-07T09:09:09.997+03:00Cool! Welcome aboard!Cool! Welcome aboard!Donnyhttps://www.blogger.com/profile/00393238234242790016noreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-85287134997896143302014-04-07T03:49:48.222+03:002014-04-07T03:49:48.222+03:00I found this blog by accident. Your friends from ...I found this blog by accident. Your friends from Google down the street in Matam told me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-41889227114938498982014-04-04T14:24:59.345+03:002014-04-04T14:24:59.345+03:00Bitcoin is being shut down. Sell now!
http://go...Bitcoin is being shut down. Sell now! <br /> http://go.theregister.com/feed/www.theregister.co.uk/2014/04/04/chinas_bitcoin_exchanges_begin_pulling_down_the_shutters/<br />Alexnoreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-14002857593102063172014-04-04T10:06:14.108+03:002014-04-04T10:06:14.108+03:00You should have used the skipping tags... :)You should have used the skipping tags... :)Donnyhttps://www.blogger.com/profile/00393238234242790016noreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-89196158916521718282014-04-04T03:40:06.327+03:002014-04-04T03:40:06.327+03:00אני לא מבין כלוםאני לא מבין כלוםDannynoreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-6108297495575448102014-04-03T14:47:44.747+03:002014-04-03T14:47:44.747+03:00It is all about the risk/return ratio. The divers...It is all about the risk/return ratio. The diversified commodity ETFs have a different market beta than equities, but in general are balanced and follow the global economy, not a regional economy. But sometimes the palladium, gold, etc. are like Bitcoins...they can have huge quick swings sometimes and wild rides. Not sure how to explain that one in Hebrew yet. Alexnoreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-77211109376856415182014-04-03T11:23:18.260+03:002014-04-03T11:23:18.260+03:00I didn't talk about in this blog, but one good...I didn't talk about in this blog, but one good use case for ETNs is to invest in commodities. If you buy an ETF for this, you'll have of the tax consequences of actually owning the commodities. <br /><br />In terms of whether you should invest in commodities, that's a totally different story. If you are, however, wouldn't you want a diversified one like RJI or DJP?Donnyhttps://www.blogger.com/profile/00393238234242790016noreply@blogger.comtag:blogger.com,1999:blog-1687943522027007206.post-22953263191927027682014-04-02T23:55:57.781+03:002014-04-02T23:55:57.781+03:00What about buying a Palladium ETF since all the pr...What about buying a Palladium ETF since all the precious metals are all in China?Aviv F.noreply@blogger.com