Macron, France, Euro$, ECB...a few related observations. HEDJ etf Macron won, 2-1. Holy landslides, Batman. When I started investing, (2002) I stayed away from Europe. Old money. Dead money. Asia was charging ahead. I owned Matthews, back then. The Financial Crash caused by the criminal banksters struck the periphery hard: Ireland, Spain, Portugal, Greece. Italy, too. And there are still systemic issues to be dealt with ... Was Ireland able to climb out of crisis sooner than the others--- via a new Austerity--- because it is smaller and more homogeneous? I just don't know. Lots of ANGRY people, when suddenly, WATER became a metered commodity. I lived in a town here in the States years ago, at the bottom of the Northern Panhandle of West Virginia below Wheeling, where even in 1992, water was not metered.
My holding in PRESX about 18 months or 2 years ago (TRP Europe) went nowhere, at break-neck speed. I guess I missed the sudden upsurge on the heels of easing by the ECB. (Draghi.) I dumped it. Currently, my PRIDX is doing much better. Its portfolio is pretty evenly split between Europe and Asia. A smattering in Latin America (4%.) Is the PRIDX fund Manager just better at stock selection than the PRESX guy, with regard to the EU portion of holdings? Of course it may be that Asian holdings doing so well today may serve to cancel-out any EU under-performance within the fund. Within the overall portfolio, PRIDX holds 15% in GB, and 28% in DEVELOPED Europe. I'm just thinking out loud--- so to speak.
What I'm wondering is: just how un-dead has the EU become? Investing strictly in Europe got me nowhere, 2 years ago..... I don't think I'd own a dedicated-Europe fund again, anyhow, but since I own PRIDX now, I'm simply wondering...
Paul Merriman: Try This Low-Cost Portfolio With Massive Diversification
Josh Brown: Into The Teeth Of The Next Bear FYI: Just a little thought experiment –
The last time the US stock market (S&P 500) registered a peak-to-trough decline of 20% was in October 20
11. We had another bear market beneath the surface from 20
14 through the mid-point of 20
16, in which the median S&P 500 stock had lost 25% while small caps and international stocks fared much worse, but it didn’t exactly ding the major averages quite badly enough to count as an “official” bear.
Regards,
Ted
http://thereformedbroker.com/2017/05/09/into-the-teeth-of-the-next-bear/
Miss The Bull Market? Investors Say The Next One Will Be Overseas
Macron, France, Euro$, ECB...a few related observations. HEDJ etf Hi
@VintageFreakThank you for this note/reminder to those who may have an interest in such matters.
To your reference:
Expert
1, Bernard-Henri Levy. "I didn't think LePen would win".
>>>I don't understand why he would say, "Everyone" thought she would win. Based upon my reading articles/France 24, I always felt assured the Macron would win. I was more surprised by the percentage of winning vote (66%).
Expert 2, Michiel Vos. "Luck."
>>>Some may suppose "luck" is an appropriate word to explain what happened, but I would have to remove him from my list of folks to consult for providing insightful and critical thinking.
For those who do not pay attention or don't consider European events to be of consequece:
The EU and France are high on the global GDP list, eh? Click onto the first line in the list for GDP which has the word "nominal" at the end of the text. Scroll down the page a tiny bit for listing info.
https://en.wikipedia.org/wiki/List_of_countries_by_GDPRegards,
Catch
Macron, France, Euro$, ECB...a few related observations. HEDJ etf I think I should also share an expert opinion. Not mine. I heard this live on Bloomberg. For some reason I thought they would be better than regular cable news I find nauseous.
Charlie Rose: So did Macron win or did Le Pen lose?
Expert1: (Thoughtfully) Both. Everyone thought Le Pen would win, but she lost. Macron was not expected to win, but he did.
Charlie Rose: (to be charitable, he perhaps decides to ask someone else because inside he is feeling the same way I am after hearing response from E1) So how did Macron do it?
Expert 2: Luck. And everyone voted for him.
At this point I switched channels. It was either that, or throw my glass at the TV.
Rondure Funds now open Here is the relevant part. I was going to paraphrase but I think I'll quote and I hope nobody minds.
....there is certainly risk in the markets and stocks in which Laura invests, particularly in the New World Fund focused on Emerging and Frontier markets. To help lessen the risk Laura is doing three things in the Rondure Funds:
1) seeking what she believes are very high quality companies where the company risk is lower
2) investing across the cap spectrum in "core" companies (i.e. less focused on high growth, higher risk companies, and instead looking for strong, more stable companies, and
3) trying to match position size with risk -- taking smaller positions in companies and/or markets where she believes there is higher risk.
Because of this focus, she really hopes to provide some downside protection in bear markets, while delivering solid long-term results. That said, I would expect her funds to likely decline in down markets, and experience volatility like equity markets typically experience.
In short there is unlikely to be a repeat of a Sequoia/ Valiant situation, but in the event of a worldwide downturn Rondure funds will not be exempt.
Rondure Funds now open Quite so, Ted. But I was asking about tendencies, not certainties. I did not loose very much in the stock portion of my portfolio after the big market downturns of the past few decades because for the most part I had avoided investing in the high flyers that fell so far. A fund manager can do the equivalent. For instance a portion (say 15% ) of assets may be kept in cash at such times as a downturn seems inevitable. I know Rondure is bottom up style in its stock picking but sometimes you don't need to be a meteorologist to see a storm coming. Also although past positive performance is no predicator of future gains, past losses may possibly tell a bit more. (Or not). Anyway, thank you for responding, I appreciate it.
Lipper: Utilities Sector 2Q17: Best And Worst
Portfolio review for a 30 year old I have reservations about turning funds over to a new retirement fund manager. I would think it would be more advantageous to put into a personal IRA and manage independent of a new 401K. Just saying!!!
Gary
Portfolio review for a 30 year old Thanks so far...
A REIT investment seems like a reasonable substitute for the MLP option. I have also wondered if funds like GASFX, GLFOX or a equal split of Vanguard etfs: (VPU/VNQ/VDE/VIS) would offer more diversification than an MLP investment.
I back tested MLPOX against an equal weight portfolio of (VPU/VNQ/VDE/VIS). MLPOX had a recent serious drawdown (4
1%) that an investor would need to expect from time to time while the combined investment of (VPU/VNQ/VDE/VIS) only a third as severe.
Portfolio review for a 30 year old I am sure you are on the right track, being so thoughtful, but an implication of your query is how would some of us do it, and some of us would do zero non-equity, LC 1, MC and SC 1 or maybe 2, EM 1 sure, then call it a day. What I would do and have done, including w my kids. I do not know what your choices are.
Portfolio review for a 30 year old I agree that there are probably too many funds.If index funds are available with reasonable expense ratios I would compare the performance of the total stock market fund to the suggested portfolio reflecting the weightings. I suspect that he total market fund will outperform . I think a reasonable portfolio fora 30 year old would be 75% us stocks 5% emerging market, 10% developed market and 10% bonds. After a market rise for 8 years it seems piggish to not have a source of funds like a bond fund to rebalance after a significant decline
Portfolio review for a 30 year old @davidrmoran &
@PopTart - it's been awhile since I've washed my MF car so humor me please. Why do you say it's too much?
According to Bee's list he has LG, LV, Int'l, 2-MidCap's, 2-bond funds and an emerging market fund. I can understand combining the midcaps and possibly the LC G&V. Maybe all of them fit together in an index (total market) of some sort. OK, so now we've combined 4 for
1. Next, maybe you are of the opinion(s) that investing outside of the US is a waste of time. You also might be thinking that a 30-yr old has no need for bond funds although I think that at least
10% of an all equity portfolio would be prudent (so I'd keep the Pimco offering). Am I on the right track here?
