@Crash, regarding:
M* Instant X-Ray:
Cash 4%
US 20
Foreign 56
-Europe Developed 14.63
-Europe Emerg. 0.46
-Asia Dev. 11.63
-Asia Emerg. 23.99
-Japan 7.76
-UK 7.56
-Canada 6.74
-Ausralasia 3.83
-Africa/Middle East 2.79
-Latin America 0.61
BONDS: 17
"Other:" 3
I haven't used that tool personally........I'm not getting a clear picture:
% US bonds vs. % foreign bonds?
Looks like you have fixed income: 17% "bonds", 4% cash= 21% fixed income
Can't tell what "other" is, I don't like when Morningstar uses that term.
56% foreign stocks, 20% US stocks?
Just wondering what made you want to be 56% foreign stocks and only 20% US stocks.
Looks like 74% of your stock allocation [56/76] is foreign stocks.
A "total world market weighting" would be closer to 50/50, which is close to the allocation in the Vanguard Total World Stock Index fund
Nothing wrong with being heavily in foreign stocks.
One day the performance of foreign stocks will trounce the performance of US stocks, and at that time you would be glad you were not 50/50.
Most US investors have a "home bias" and are weighted/skewed towards US stocks.

Hello, everyone. I promised an update. Here's my total run-down, after the change, tonight:
1. MAPIX 23.57% of portfolio Matthews Asia Div.
2. PRWCX 18.74 TRP Cap. Apprec.
3. PRESX 14.87 TRP Developed Europe
4. MAPOX 9.01 Mairs & Power Balanced
5. MEASX 6.2 Matthews Emerging Asia
6. MAFSX 6.19 Matthews Focused
7. PREMX 3.94 TRP Emerg. Mkt Bonds
8. MAINX 3.54 Matthews mostly Asia bonds
9. SFGIX 2.82 Seafarer EM
10. TRAMX 2.81 TRP Africa-Middle East
11. MACSX 2.63 Matthews Growth & Income
12. DLFNX 2.46 DoubleLine bonds
13. MSCFX 2.45 Mairs & Power Small-cap.
14. NAESX 0.76 (wife's 403b) Vanguard Small-cap Index Fund
*****************************
M* Instant X-Ray:
Cash 4%
US 20
Foreign 56
-Europe Developed 14.63
-Europe Emerg. 0.46
-Asia Dev. 11.63
-Asia Emerg. 23.99
-Japan 7.76
-UK 7.56
-Canada 6.74
-Ausralasia 3.83
-Africa/Middle East 2.79
-Latin America 0.61
BONDS: 17
"Other:" 3
++++++++++++++
Thanks for all the support, everyone. As I suppose it is for the rest of you, this thing is always a work in progress. I mentioned that I'll be growing MAPOX, and also my bond funds, particularly DLFNX. An intense, focused, lengthy conversation with a financial pro last year was enlightening. Wholesale changes were made. I want it to be truly worldwide. It is that. But it's still, as I say, a work in progress. Like myself.

...... down funds and whether folks were adding to their's..............whether or not it's wise to add to our laggards on the way down. Doing so runs contrary to the adage about not trying to catch a falling knife. I don't think its a clear cut choice. There are a tremendous number of other variables one must consider.

The question as to whether to add to down investments is a very difficult one.
All the precepts of value investing say to buy the unloved, buy the out of favor, be greedy when and where others are fearful......buy at a discount.
Other precepts say 'Let your winners run'.
Peter Lynch said don't 'water the weeds and don't cut your roses', or something like that.
Remember at the end of 2013 and very beginning of 2014 when almost No One wanted emerging markets. They just kept going down and down. They had a terrible 2013 performance compared to the US market, -5% vs. +32.4%. Would have been a perfect time to buy emerging markets I believe in February 2014, not sure when they bottomed....but ever since them they just can't be stopped. I've seen several down stock market days [US and developed int'l] where emerging markets were up in the past several months.
I own Sequoia, SEQUX. Underperforming the market by 9.5% year to date. Good time to buy more? I think so, but I'm already fully invested in my equity allocation.
What about small cap growth? A big underperformer this year. Good time to buy?
What about megacap stocks, as represented by XLG. On a relative basis, megacaps have underperformed for many years. A 2% underperformance relative to the S&P 500 over the past 5 years. An excellent time to buy? They are the most stable companies, at relative bargain valuations vs. the market.

Ha ha! Ted knows how to get a response from you, even during vacation!
I pulled out early from the NHMAX wagon, but still made good money. Still have about 25% of my position.

Great fund, those buckeyes, out in the middle of nowhere. Lots of alpha, badump.
http://online.barrons.com/news/articles/SB50001424052702304539504576532400452721090
http://www.bloomberg.com/news/2014-05-11/hated-stocks-unlock-market-as-analysts-no-guide-to-s-p-500-gains.html
I have been in this one forever, almost, but never enough. Partly cuz I could not get into BERIX and MAPOX, also superb. But over time I ain't complainin'.

I suppose the thought becomes:
1. You have about 30% in one fund at Matthews.
2. If you go to a different Matthews fund, you're still Asia-focused. Diversifying your holdings in Asia-related, but not diversifying more broadly. Pretty much what Maurice said.
3. Still not getting the invest directly with fund companies thing (if they sold shares at 5% less than NAV if you invested directly like how some companies give you a 5% discount if you DRIP - yeah, absolutely, but I'm not seeing the benefits as is.)

Hi Derf,
I have not done much this past week (buy or sell) and still have about 75% of my sell proceeds from recently sold securities (JCRAX, KSDVX, MFLDX, ITAAX) awaiting to be deployed. Currently, I am about 20% Cash, 25% Income, 45% Equity, & 10% Other as of my most recent Morningstar Xray. The total current number of investment positions is fifty.
Perhaps a good buying opportunity will present itself in September or October. And, even if it doesn't ... I am happy with where I am currently position. However, I do have my buy list ready should technicals align.
Old_Skeet

I hold this fund in taxable account so would not sell all at one time. I need to manage the tax consequences.
It has done very well for me but its been laggard if one compares 1, 3 or 5 years returns with similar type of funds.
and it has very high ER

I sold about 50% of SWFFX & cut MFLDX loose. I'll wait for market pull back, if there is one, before reinvesting.
Happy Labor Day weekend everyone !, Derf

Yeah ...
Somehow I find it depressing that you can sit atop the world's most extensive collection of mutual fund data and probably the world's largest fund analyst corps and all you manage to ferret out are two huge funds standing in plain view.
American Funds New World (NEWFX): $25 billion and a decent record as an EM fund over all trailing periods, especially given its muted volatility. One minor downside is that it doesn't particular invest in EM stocks conventionally conceived. By M*'s tracking, a third of its money is in EM stocks and two-thirds elsewhere. Where elsewhere? Toyota, Nestle, Novo Nordisk, Cummins Diesel, Samsung, Prudential ... The argument, of course, is that these firms sell a lot to the emerging markets but, Ms. Benz agrees, it might not be the best way to get EM exposure which leaves us with ...
T. Rowe Price Emerging Market Stock (PRMSX): $7.8 billion and an utterly undistinguished record under its current manager. Since his arrival in September 2008 the fund has modestly trailed its peer group and the corresponding Vanguard index fund but does not seem to have compensated for that with noticeably lower volatility.
Their only regional fund is Matthews China (MCHFX), at a sprightly $1.2 billion. On whole, I suppose if I want to pursue regional exposure in Asia I'd argue from a more broadly focused Matthews fund.
Oh well, back to working on this afternoon's class.
David

http://www.sec.gov/Archives/edgar/data/1572617/000089418913006686/wstchstr-capfnds_497c.htm
Received literature last night concerning the Merger Fund. In that literature, was several mentions of the above fund being available.
Personally, I have the Quaker Event Arbitrage Fund (formerly the Penn Avenue Event Driven Fund and its longstanding manager, Thomas Kirchner). Since I was an investor in the former, I was grandfathered from paying the load after the merger of the two funds. (http://www.sec.gov/Archives/edgar/data/870355/000145078910000169/quaker497forn14.htm)
Another MF company getting in the event driven fund business.

FYI:
Regards,
Ted
U.S.: http://blogs.wsj.com/moneybeat/2014/08/27/morning-moneybeat-why-sp-2000-is-a-milestone-worth-celebrating/tab/print/
Europe: http://blogs.wsj.com/moneybeat/2014/08/27/morning-moneybeat-europe-small-losses-likely-in-europe/tab/print/
Asia: http://blogs.wsj.com/moneybeat/2014/08/26/morning-moneybeat-asia-a-historic-two-point-move-for-the-sp-500/tab/print/

MAPOX is a decent fund. I don't know its history during bear markets but it's been around for a while. I had forgotten that MAPTX was closed.
Matthews is a great company. I have MAINX as well as MAPIX. MAINX is around 5% of my portfolio. But, they are Asia centric. That's their business and they are good at it. Having exposure to Europe is good too.
You may have more moves to make but take it slow and use opportunities to make changes. My favorite visual for my $cost avg method was the water hose and bucket. The water was my money going into investments. The hose directed that money. The buckets were my investments. As some investments fell out of favor and I still believed in them I would point that hose and fill that bucket more than the others. It's a value type $cost avg method. On the other hand if a fund had a big year I would sweep profits in one or more of the others. My big year was the year TWCUX had a 80% +/- return. I swept the profits. The next couple of years were not that good. Typical after a big return.
I think you will be happy with MEASX.

Thanks. man. I'm approx. 50/50 domestic/international. That includes EM and Frontier. MAPIX is the biggest chunk. Next biggest chunk is PRWCX at 18.77% of portf followed by PRESX at 14.85% and MAPOX at 9.02% of total. The others are much smaller. I like my selections, but the proportions here just happened, always playing catch-up, if you know what I mean.
MAPTX sounds good, too. But I'm already sitting on 13 different funds. Some of them, ostensibly the "hot" ones--- serve as feeders for more tame, core funds in the portfolio: PRWCX and MAPOX.
I will indeed move some money, but keep a big chunk in MAPIX. Thanks again. I've already decided that I want to keep this all in Matthews.

@Crash,
29.78% is a lot in my opinion. My shares of MAPIX= 9.02% of my portfolio. It is a good fund though and it is closed to new investors so I would not sell it all. If you decide to sell, just pare it back a bit. The bigger question is where to go with that money? MEASX I'm sure is a good fund but it has a high ER. Also, and this again is my opinion, it does not include Hong Kong, Singapore as well as Japan. Japan may not be the fastest growing economy but the other two are pretty important in this region. I am getting the impression you want to be in emerging markets or in Asia with your comments. EM funds in this region have been slow as of late. It depends on what your impression of the future is and how countries like India and other countries will grow with the economy. It will be a rough ride and if you don't like volatility then you have more to think on. I would keep my asset allocations on these funds a bit lower. Depending on your asset size, 5-10% might be a good start.
A simple way would be to keep 10% in MAPIX and maybe another 5% in MAPTX. You still have TRAMX from your comment above and that is a good one for a small amount too. As for the rest if any, there are many funds that might fit for you but wit the markets at this stage, you might be chasing performance.
I am just one person and one opinion. I hope others will give some recommendations or suggestions. What works for me may not be for you. But I do believe your almost 30% in MAPIX is too much.
Hope this helps.

Sorry bee, with due respect to your Mom, "Conservative" and "Strategic and losing 25%? Something is just wrong here. GLRBX is it.

FYI: (Click On Article Title Top Of Googel Search)
Barry James knows about managing risk.
In 2008, when the Standard & Poor's 500 lost 37%, the James Balanced Golden Rainbow Fund (ticker: GLRBX ) lost just 5.5%.
Yet James isn't just good in a crisis. His fund, which garners a five-star rating from Morningstar, has consistently outperformed its peers and is in the top percentile of its category for the past decade. In the past 15 years, the fund returned an annualized 6.5%, compared with 5% for the S&P 500.
Regards,
Ted
https://www.google.com/search?newwindow=1&site=&source=hp&q=5+stock+picks+barron's&oq=5+stock+picks+barron's&gs_l=hp.3...1971.12349.0.12990.22.21.0.1.1.0.94.1699.21.21.0....0...1c.1.52.hp..6.16.1249.ZoGbSjFJH9A
M* Snapshot Of GLRBX: http://quotes.morningstar.com/fund/f?t=GLRBX&region=usa&culture=en-US
Lipper Snapshot Of GLRBX; http://www.marketwatch.com/investing/fund/glrbx
GLRBX Is Ranked # 22 In The (CAA) Fund Category By U.S. News & World Report:
http://money.usnews.com/funds/mutual-funds/conservative-allocation/james-balanced:-golden-rainbow-fund/glrbx

Ha! That's a "Catch 22" if you ask me. Funds mentioned favorably here at MFO grow very large very rapidly it seems. Than, in so year or two they're too big to manage. What a bummer. Of course, the manager can choke off inflows anytime as Skeet says.
Why does all this remind me of Dodge and Cox in 2009? Go back and read the archives (FA/MFO) if you can find them. Too big, too bloated, and unmanageable were cited frequently as reasons to flee. Seems they've managed to confound their skeptics and make some $$ for those who held on. Having low ERs in the vicinity of .50% hasn't hurt them either.
You may be correct that this fund can function successfully only with a smaller asset base. But, I wouldn't bet on it. There are economics of scale as well. I do think stability of assets is more important than size. So, if they haven't been able to convince their clients to hang in there for longer than a year or two without jerking out their $$ than that's a failing on their part which will come back to bite them.
Don't like any of these goanywhere funds. But hate to see folks flee a fund so quickly. Less than two years ago MFLDX was darling of the board. You could almost hear their cash register going "ka-ching" every time somebody invested in the fund. I think another issue is that these funds by nature will sometimes appear "out of sync" as they are trying to run against the grain and do something different than the general mob. My prediction is that on August 31, 2017 the commentary here will be decidedly favorable towards MFLDX. No special knowledge - just think the odds favor that.

Doubtless old news to those here already interested in or holding DSENX, but a clear summary if you have not studied it:
https://materials.proxyvote.com/Approved/MC5539/20140811/PROS_218034.PDF

FYI: T he average U.S. taxable bond fund continues to boast a higher return than the S&P 500 in the past 15 years, though the general stock market has been catching up since it hit bottom after the 2007-08 financial crisis.
Regards,
Ted
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