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GMAC Bonds.
Old 04-03-2006, 02:53 PM   #1
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GMAC Bonds.

A very good day.
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Re: GMAC Bonds.
Old 04-03-2006, 03:05 PM   #2
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Re: GMAC Bonds.

What issues?

I've just looked at a couple on TRACE and they are trading up a point or 2, but nothing drastic

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Re: GMAC Bonds.
Old 04-03-2006, 03:06 PM   #3
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Re: GMAC Bonds.

Don't feed the troll...
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Re: GMAC Bonds.
Old 04-03-2006, 03:16 PM   #4
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Re: GMAC Bonds.

Quote:
Originally Posted by brewer12345
Don't feed the troll...
Why do I feel like I have missed something

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Re: GMAC Bonds.
Old 04-03-2006, 03:33 PM   #5
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Re: GMAC Bonds.

GMAC 5.4% 24/09/09 UP 3.2% TODAY

9% since acquired in December

Brewer, stick with moonshine, I intend to break out some Dom tonight, I have a substantial amount of these Bonds.

I expect at least 2% more Capital Appreciation with an improvement in Ratings.

Not Stock Market performance, but for Fixed Income, sure beats 3% per annum.
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Re: GMAC Bonds.
Old 04-03-2006, 04:27 PM   #6
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Re: GMAC Bonds.

Quote:
Originally Posted by Maximillion

I expect at least 2% more Capital Appreciation with an improvement in Ratings.

Not Stock Market performance, but for Fixed Income, sure beats 3% per annum.

Hmmmm only 3.2% on the best possible news, with risks that make emerging markets look like a money market.

No thanks, you can keep em

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Re: GMAC Bonds.
Old 04-03-2006, 04:39 PM   #7
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Re: GMAC Bonds.

You must have bought the big bag of purina troll chow...
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Re: GMAC Bonds.
Old 04-03-2006, 06:09 PM   #8
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Re: GMAC Bonds.

I wouldn't exactly call GMAC bonds investing. I'd call it more like hoping and wishing. Maybe you'll get your money back... and then maybe you won't.

That's not the kind of thing I'd touch
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Re: GMAC Bonds.
Old 04-03-2006, 06:43 PM   #9
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Re: GMAC Bonds.

Saluki, they will be redeemed at maturity for full face value, which gives you about 16% Capital Appreciation, plus the annual interest rates.(I will hold to maturity, unless a higher yielding opportunity presents itself).

A very, large wealthy corporation with huge Financial Talent, spends billions buying this debt, but CFB, the House Mummy who stays home because wifey earns more than he can, is smarter than they are??

I have several portfolios, several guaranteed income streams that are fully indexed, this is part of my Managed Portfolio, which has a % devoted to Fiixed Income, and a smaller % devoted to Trusts and to High Yields.

I could lose 50% of the value of the High Yields, my Income Stream would not be largely affected.

I have always found a High Yield Opportunity, I have always made money, only takes one or two a year.

My objective is 8% per annum, I have always managed double digit returns, I am not spending this account but plan on eventual 4% withdrawal.

CFB, try staying with the subject at hand, but I must admit I am always intrigued by those Parents who worship their children then cannot understand why their children do not worship them??
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Re: GMAC Bonds.
Old 04-03-2006, 06:43 PM   #10
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Re: GMAC Bonds.

Is maximillion the reincarnation of John Galt? Have we really sunk that low?
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Re: GMAC Bonds.
Old 04-03-2006, 06:54 PM   #11
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Re: GMAC Bonds.

Any old PacNW types remember WHOOPS bonds Some done good and some got hosed.

In the wacky world of bonds - it ain't over till it's over.

VG high yield corp with tad of mad money is as far as I'm willing to go. Distressed bond analysis is beyond me.

Now a little Southern Copper(the old So. Peru Co.) and betting on the copper cycle with gambling money - nah! I'm getting too old.

heh heh heh heh
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Re: GMAC Bonds.
Old 04-03-2006, 06:58 PM   #12
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Re: GMAC Bonds.

Quote:
Originally Posted by soupcxan
Is maximillion the reincarnation of John Galt? Have we really sunk that low?
No, he's the reincarnation of "Howard", and probably several other very low grade trolls.

JG actually used decent grammar and made sense on occasion.

Besides, this jagoff is nowhere near as clever, or as verbose.

Slightly more repetitive within a narrower range though.

The good news is that after the GMAC bankruptcy and subsequent bond default, she wont have the money to afford the internet connection anymore.
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Re: GMAC Bonds.
Old 04-03-2006, 07:00 PM   #13
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Re: GMAC Bonds.

Quote:
Originally Posted by soupcxan
Is maximillion the reincarnation of John Galt? Have we really sunk that low?
I don't think so. Max has a plan (good or bad), and he can discuss it. JG was a whole different fish. I wonder if olí J ran into marriage trouble, and that pulled the plug on his retirement. Alternatively, he may have started SS, so he now has enough money to leave the house, so not so much need for pen-pals.

Incidentally, I donít think we can a priori categorize someoneís plans as smart or not. Two many twists in the road for that.

Personally, I agree with the cons on this GMAC idea. I donít like investments that count heavily on some troubled situation holding together. I preferred playing defense in football too. Chaos is my friend.

Ha
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Re: GMAC Bonds.
Old 04-03-2006, 07:00 PM   #14
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Re: GMAC Bonds.

Quote:
Originally Posted by unclemick2
Any old PacNW types remember WHOOPS bonds ...
Yeh!! My parents bought some of those. *I remember Dad saying that they were safe because they were 'Pay or take it'. * Problem was, no one would 'take it' when they wouldn't pay.
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Re: GMAC Bonds.
Old 04-03-2006, 07:25 PM   #15
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Re: GMAC Bonds.

Quote:
Originally Posted by unclemick2
Any old PacNW types remember WHOOPS bonds Some done good and some got hosed.

In the* wacky world of bonds - it ain't over till it's over.

VG high yield corp with tad of mad money is as far as I'm willing to go. Distressed bond analysis is beyond me.

Now a little Southern Copper(the old So. Peru Co.) and betting on the copper cycle with gambling money - nah! I'm getting too old.

heh heh heh heh
I had a part time gig working as an investigator for one of the law firms involved in that bk. It was fun.

Re Southern Copper- I don't know anything about this company, but IMO all resource plays in Peru are questionable given the very strong showing leading up to national presidential elections of the ex-military Lt. Colonel nationalist populist Ollanta Humala. This guy is a genuine wild card, and he is leading in the polls.

Ha
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Re: GMAC Bonds.
Old 04-03-2006, 07:36 PM   #16
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Re: GMAC Bonds.

Quote:
Originally Posted by HaHa
JG was a whole different fish. I wonder if olí J ran into marriage trouble, and that pulled the plug on his retirement. Alternatively, he may have started SS, so he now has enough money to leave the house, so not so much need for pen-pals.
Ha, I think you hit it dead on when you surmised SS income has JG hitting the roads in search of new industries to captain, trying to re-live his glory days as a biker. Here's a recent photo of JG & his DW to confirm:



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Re: GMAC Bonds.
Old 04-03-2006, 07:55 PM   #17
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Re: GMAC Bonds.

Holy carp - are those rims pimped out or what? I knew JG was cool...
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Re: GMAC Bonds.
Old 04-03-2006, 08:08 PM   #18
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Re: GMAC Bonds.

Pimp my scooter... :P

99% in ETFs, and plan to stay there.
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Re: GMAC Bonds.
Old 04-03-2006, 08:10 PM   #19
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Re: GMAC Bonds.

PCU - a true thrill of victory and agony of defeat stock - for entertainment purposes only. A lot of the time in the 70's/80's I came in the back door via Anasarco(now gone) - 13% divs at times.

Now that ole Ted left - we don't talk bonds as much anymore.

Concave, convex, duration, zeros, strips - etc, etc, etc.

Maybe we need a mad money section.

heh heh heh heh heh
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Re: GMAC Bonds.
Old 04-03-2006, 08:52 PM   #20
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Re: GMAC Bonds.

Personally, I don't see a need to try and hit home runs. Junk bonds are certainly not my game. Sometimes you win, sometimes you lose. Many bondholders have been left with cents on the dollar.
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