Wired 250k from T Rowe Price Hacks acct to Regions acct

Today wired $250k from T Rowe Price Hacks Cross account to Regions Hacks Cross account.  I did this so we can then transfer the money into the Shamrock account at Regions to rectify debt service coverage ratio problem.  Robert Clark at Regions called me about this last week.

Bought VEUSX Europe fund today

Today I bought $25,000 of Vanguard's Europe fund VEUSX in my personal vanguard account.  It follows MSCI europe index.  I got the money from my Vanguard money market account VMMXX.  I read in Ken Fisher's book that you should invest by following a benchmark.  I need to have more money invested in equities and also more invested globally, so I bought this fund.

possible investments

USO - pure oil commodity fund
CNDA - canada small cap --- expense ratio 0.69% according to IQ site
EWC - canada large cap --- expense ratio 0.55% (yahoo finance)
KROO - australia small cap
EWA -  australia large cap --- expense ratio 0.55% (yahoo finance)

Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) (municipal bond fund)

Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) ($50,000 minimum)
VWSUX has an average duration of about 1.2 years.

Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) ($50,000 minimum)
VMLUX has an average duration of about 2.5 years.

Bought TRP and Encana

Today I bought $10,000 of TRP (transcanada corp) and $10,000 of ECA (Encana) in my Fidelity personal account.  Encana is a good company to buy if you want to be invested in natural gas.  TRP was reccommended by Ken Fischer in 25-Oct-2010 Forbes column.  They have natural gas pipelines.  I want to be invested somewhat in Cananda and also in commodities, and natural gas is a commodity.

macon road partners - bought short term bonds

Today I sold $517,145 worth of VFIDX (intermeiate term bond fund) and bought VFSUX (short term bonds).  I did this because interest rates appear to be so low that they have no where left to go but up.  And I think there will be inflation.  The fed is talking about doing "quantitative easing".

Bought ConocoPhillips and Altria

Today in my Fidelity account I bought 167 shares of COP at approx $60 per share.  That's about $10,031 total.  Commission was $7.95.  I might have bought more, but the price is at an all time high it looks like to me.  I bought COP because it has a PE ratio of about 9.5 and a dividend yield of about 3.7%.

I also sold $150,000 of VFICX (Vanguard Intermediate term bond fund) that was in my Fidelity account because I am worried that interest rates will go up (and there will be inflation).  I had approx $200,000 of VFICX and so I'll only have approx $50,000 after this trade.  I might buy VFSUX (Vanguard short term bond fund) with the money.

I also bought 400 shares of altria (MO) at about $24.95 per share.  That's about $10,000 total.   Fidelity.

Sold intermediate bonds bought pacific stock

Tayloe's personal account  ---  Today I sold $30,000 VFICX (intermediate bonds) and bought $20,000 VPACX (pacific index fund) and $10,000 VMMXX (money market).  I think interest rates and inflation may be going up, so I sold out of some of my intermediate bond fund and bought into Vanguard's pacific stock index fund and put the rest in money market.

Went more short term for Macon Rd at Vanguard

Today I decided that Macon rd partners has too much invested in the Vnaguard Intermediate term bond fund VFIDX and I sold $500,000 of that fund and bought the following:


$250,000 --- VMMXX Prime money market fund
$250,000 --- VFSUX short term investment grade bond fund

The average bond maturity for the intermediate fund is 6.9 years.  The average maturity for short term fund is 3.1 years.  I think interest rates may rise and so I wanted a shorter maturity.  I am apparently now restricted from selling any more of the Intermediate fund until 7-Dec-2010.