Tag Archives: booming

Can YOU Say ‘No’ To An ETF Called “FKU”, Couldn’t Resist XOOM And This Seemed Providential.

Anura Guruge, June 8, 2013.

Anura Guruge

Related Posts:
No longer own Apple — Sep. 11, 2013.
>> AAPL, the conspiracy theory …
Jan. 25, 2013.

>> No longer trust Apple …
>>Jan. 24, 2013.

As I had said earlier I had to go shopping for stock now that I had sold the last of my Apple holdings. I don’t go shopping for stock that often. I tend to be a long term investor — to my cost, as my son (now a investing whiz) would point out. I also tend to prefer funds since I know that they have better insights into stock that I would ever have.

But, it is always fun to spend a few hours looking around.

Over the last week, given that I do wake up to CNBC ‘Squawk Box‘ in the morning, I have kept on hearing that UK is on the mend (if not ‘the rise’) and that this is a good time to get back into the U.K. I like that. I started investing, thanks to Margaret Thatcher, way back in the early 1980s when she ‘privatized’ the previously government owned ‘British Telecom’ (BT). You had to apply, by mail, for those shares which were oversubscribed to a crazy degree. Suffice to say that the lucky ones, like I, who got some shares made out like bandits. After that I bought every one of the ‘British’ institutions that were privatized and did quite well on each: British Petroleum (BP), British Airways (BA), and British Airport Authority (BAA). So, I wanted in on Britain. Was looking around for mutual funds and ETFs. Found this ETF with the symbol ‘FKU‘. Cracked me up. Was going to buy it just for the symbol! But then old age kicked in. I realized that it would be irresponsible to buy an ETF just because its symbol amused me. So I ended up buying two different ETFs and a mutual fund — for U.K. exposure.

Click for details from MarketWatch.com.

Click for details from MarketWatch.com.

Fidelity informed me that XOOM was doing a secondary offering. I didn’t even know that XOOM was public in the U.S.

I, and actually the whole family, LOVE the XOOM Bollywood commercials. The Willow Cricket Channel used to be jam packed with XOOM ads — and they were fun. I usually FF over commercials — but with XOOM we would REW and watch them over and over again.

Here is one of our favorites — and they also have a longer version of it.

Click to access YouTube video. Check YouTube for others.

Click to access YouTube video. Check YouTube for others.

Well, XOOM is doing well and with those commercials they will continue to flourish. Plus they are in a boom market with the ever growing base of affluent asians. So I didn’t even bother to wait for an ‘IPO‘ allocation from Fidelity.

And now what I think was a bit of serendipity. GoGo Air made a big announcement this morning (Sept. 11). I could understand the potential. I love the name. They are going to offer 60Mbps of Wi-Fi! Wow. That is 4 times more than I can get with TDS. I think I might have to move to a plane!

Click to learn more.

Click to learn more.

Lakes Region (NH) Economy Booming Per Local Builders.

Anura Guruge, laughing, picture November 16, 2011.

by Anura Guruge

The economy around here, i.e., Lakes Region, NH,
must be booming per what I heard from
three local builders yesterday.

No wonder it is Romney country. The folks around here, us being the exceptions, must be making so much money that their taxes must be through the roof. And there was poor me (with the emphasis on ‘poor’) thinking that folks around here, especially those in the building industry, were not doing that well. Silly me. What doesn’t add up, per what Bill Clinton would say is ‘arithmetic‘, is how come all these people thrash President Obama and what he has done to the economy WHEN they are doing so well — better than they have ever done from what I can see, and I have had a place up here since 1991.

I am still agitating to get Old Railway Semaphore signals in Alton Bay painted — per this post in early August 2012. I happened to meet the young lady in charge of this at Alton Central School (ACS) yesterday and she said that she intends to get some estimates for the painting job from local builders/painters. Since I know a few, I decided to push things along a bit by approaching them and telling them to submit bids. I personally met with two yesterday afternoon and spoke with the third by phone. Boy, was I in for a surprise.

They laughed at me. They basically said that they MIGHT be able to get around to providing an estimate this time NEXT YEAR! That is how busy they are. One of them, who specializes in constructing crème de la crème waterfront houses said he was fully booked for the next few years! And they say that we have had a downturn in construction. The other two, both well known local contractors, said they were booked well into June of 2013!

I am delighted for them. They were all very chuffed themselves. Couldn’t stop going on about how good life was. That is great. So how come people claim that things are bad under poor President Obama?

Very confusing. I am still trying to find people to submit estimates. So, if you are interested contact me or Alton Parks and Rec.