Position update - MCK, FLIR, URS & SRS

My position is still healthy and is gaining momentum especially MCK (Mckesson) and FLIR (FLIR System). MCK reaffirmed the earning and announced new shares buyback. FLIR has posting good earning last week. I continue to like the chart and look to be slightly breakout today after 2-3 days flagging.

URS also reverse course and closed out only slightly negative for the day.

My SRS hedge also turned positive. I'll keep holding this hedge just in case the market turn violently.

I'm also eyeing some bond CEFs and solid stocks. I'll see how these CEFs will react to downside after more down day. Usually, it will create an arbitrage opportunity for short term trade. Some solid stock also turn negative such as Pepsi (PEP), FirstEnergy (FE), TEVA and SWN . I'll look into these stocks if the market turn negative.

Overall, it was a good day for MEPB Financial.

Note: Please trade responsibly.

Top 10 Cheapest Online Discount Brokerage Account and More

With the current stock market, finding a good & cheap online discount brokerage is important. Fees can cut into the trading profit. The following top 10 cheapest discount brokerages are: Lightspeed Trading, Interactive Brokers, Just2trade, OptionsHouse, eOption, SogoTrade, Zecco, TradeKing, MB Trading, and Lowtrades.
I will provide a summary of various online stock brokerages with their commissions and fees. I have been using multiple trading platforms such as Fidelity, Zecco, Vanguard, Lightspeed, and Just2trade. For me, the brokerage needs to satisfy the following requirement:

1. Low commission fees or cheap fees to trade or buy stocks, etfs, and mutual funds
2. Reliable, can be access freely, stable trading platform
3. Offer ACH electronic transfer
4. Responsive and contactable customer service

To get the low commission fee, usually an investor or trader will need to sacrifice some investment tool such as good charting, tax tool, financial services, transfer capability etc. So don't be surprised about the barebone platform for this discount brokerage. You can essentially supplement the lack of features by open another account with full service brokerage such as Fidelity, Schwab, etc or you can just use internet service such as stockcharts & finviz for charting and filter.

Brokerages Logo

Top 10 cheapest online discount stock brokers to trade stock or ETF are:

1. Lightspeed Trading

Lightspeed offers stock, etf, option, forex and future for trading. The cost to buy stock online is the cheapest discount brokerage as far as I know. To trade stock, you only pay for $0.00395 per shares with $0.40 per 100 shares. The minimum is $0.40 per trade. There is no ticket fee to buy option; it only cost $0.50 per option contract. The minimum balance to open is only $1,000 for cash account and $2,000 for margin account using Lightspeed Web Trader. If you are using Lightspeed Trader which is software based platform, the minimum balance requirement is $10,000.

more can be read at: Top 10 Cheapest Online Discount Brokerage Account and More

My thought about the current market & my holding update

Although most indexes were in red, I still don't think any trader should turn bearish right away. Most bond is still up junk bond is still only down a little. Should be interesting to see what tomorrow will bring. A correction of 3-5% is expected after 12-15% run up for dow jones and S&P 500.

I have decided to post my holding for the first time. I'll try to track and update as I buy or sell my position. My current stock holding (small position) is:

• FLIR (Flir System) - Defense
• MCK  (Mckesson Corp) - Drug Service
• URS (URS Corp) - Engineering Services
• ACL ( Alcon) - Drug / Healthcare
• MRK (Merck) - Drug /healthcare

Long term:

• JNK - Junk Bond
• VMO - Muni Bond Closed End Fund (CEF)
• VGM - Muni Bond Closed End Fund (CEF)
• Cash -- Ton of them

Please trade responsibly!

updated on 10/20/2010

Another crash on SPY ETF or bad print?

This post is about an unknown phenomenon on stock market especially the S&P 5000 SPDRs ETF (SPY). You can find another crash on SPY ETF or bad print on October 18, 2010.

SPY chart

I noticed this chart when I do my end of day analysis. I hope this is a bad print and not another crash.

Top 5 Emerging Market Mutual Funds

With developed countries (USA & Europe) economy is cooling down or at least slow down, everyone will look at growing sector or market to invest. One of these markets is diversified emerging market.

Emerging market usually include most developing countries in Asia, Africa and Eastern Europe. Some of these countries are known as BRIC acronym (Brazil, Russia, India and China). Most analysts predict emerging market will drive all future growth for the next decade. Investor should look to invest in emerging market. Emerging market is part of international market; this mean investing in this emerging market can be volatile at the times. Please invest responsibly.

Best Emerging Markets Funds

I think emerging market should be part of your investment portfolio whether it is in your 401k retirement or brokerage account. The question is how to invest in emerging market; there are two easy ways to invest such as using ETF and Mutual Funds.

The following article will discuss about Top 5 mutual funds in emerging market. The following is top 5 emerging market mutual funds in term of asset. What I like is usually big asset is equal to big confident by investor or institutional money to invest in this fund. I also like most of these asset managers as they are well known to many investors

1. Vanguard Emerging Market Stock Index, VEIEX
2. American Funds New World Fund A, NEWFX
3. Lazard Emerging Markets Equity, LZOEZ
4. Oppenheimer Developing Markets, ODMAX
5. DFA Emerging Markets Value Portfolio DFEPX

Vanguard Emerging Market Stock Index

The Vanguard Emerging Market Stock Index portfolio tracks the MSCI Emerging Markets Index, which is weighted toward the largest companies in the largest emerging markets. The fund performance is as follows (VEIEX): 1 Year: 19.73% per year 3 Year: -2.19% per year 5 Year: 13.50% per year 10 Year: 13.66% per year.

American Funds New World Fund

This American Funds’ New World Fund is a diversified international fund that has managed to stay less volatile than most other emerging-market rivals.

Lazard Emerging Markets Equity

The Lazard Emerging Markets Equity Portfolio fund has performed better by picking undervalued stocks of companies based in a wide selection of emerging-market countries. The Lazard Emerging Markets Equity fund objective is to provide long-term capital appreciation by investing in companies with strong, sustainable financial productivity at attractive valuations.

Oppenheimer Developing Markets Fund

The Oppenheimer Developing Markets investment aggressively seeks capital appreciation. The fund normally invests more than 80% of assets in equity securities of issuers whose principal activities are in at least three developing markets.

DFA Emerging Markets Value Portfolio Fund

The primary objective is to seek long-term capital appreciation. The fund invests normally at least 80% of net assets in emerging markets investments that are defined as Approved Markets securities and may purchase emerging market equity securities across all market capitalizations whether it is large cap, mid cap and small cap.

More can be read at: Top 5 Best and Popular Emerging Market Mutual funds

Fidelity Brokerage Account Review

Fidelity Investments is one of financial service provider that offers to buy stock online with various trading platforms for its investors. In addition to low cost stock and options trading Fidelity also has investment management, retirement planning. Fidelity is the largest mutual fund company in the US. They also offer various accounts specialize in IRAs/Rollovers (Roth IRA, Traditional IRA and 401k), CDs, Bonds, and 529 Plans. Fidelity also offers mobile trading application.

Fidelity main page

For me, the brokerage needs to satisfy the following requirement:

1. Low commission fees to trade stocks, etf, mutual funds (if necessary)
2. Reliable, can be access freely thru web, stable trading platform
3. Offer ACH electronic transfer
4. Responsive and contactable customer service

Fidelity definitely fit into my criteria. Ever since they offer 25 ishares ETF for free, my interest using fidelity is growing even more. I have been using my fidelity account for the past 3 years for Roth IRA, investment brokerage account and interest checking account. I also use their credit card which provides 2% cashback on any daily purchase. This is one of the best credit card cashback from my experience. Also please check my other brokerages review such as just2trade, vanguard, Lightspeed, E*trade, Scottrade and Zecco.

The following is the Fidelity details:

Products: Stocks, bonds, mutual funds, annuities, insurance, commercial paper, CDs, IPOs, precious metals, managed portfolios Market Orders: $7.95 Limit Orders: $7.95

Phone FAST Orders: $12.95

Broker Assisted: $32.95

ishares ETFs Orders: $0.00 for 25 ishares ETFs Mutual Funds: $0.00 for Fidelity & NTF funds. Non-NTF: $75.00. Options: $7.95/trade+$0.75/contract Minimum to Open: $2500 Inactivity Fee: $0.00 Some Other Fees: Tender Fee: $38.00.
Maximum Margin Rate: Based on proprietary base rate. 

More detail can be read at hubpages: My Fidelity Brokerage Account Review

Scottrade Stock Brokerage Review

If you are investor or trader and buy stock online as well as buy mutual fund online, you probably know about Scottrade. Scottrade is an online brokerage site that offers various products such as stocks, options and mutual funds. They offer their low cost commissions of $7.00 per trade on three different trading platforms: Scottrade, Scottrade Elite, and Scottrade OptionsFirst. 


Also, Scottrade has over 480 branch offices throughout the United States and has had a consistent track record of being recognized as an industry leader by several different magazines and review groups. While not one of the cheapest online trading platform, Scottrade has been known by investor as well as trader due to its platform, research and community. 

Products: Stocks, options, mutual funds, CDs, munis, Canadian stocks

Market Orders: $7.00 Limit Orders: $7.00

Broker Assisted: $27, Touchtone IVR Phone system: $17

Mutual Funds: $17.00. Load funds also incur a $17.00 redemption fee. Also has NTF funds. Options: $7.00/trade+$1.25/contract

Minimum to Open: $500 Inactivity Fee: $0.00 Some Other Fees: Paper Statement: $2.00 per statement. ACAT In/ Out: $60.00.  
Maximum Margin Rate: Based on proprietary base rate

more details can be read on Hubpages: My Scottrade Brokerage Account Review