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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
  • CAPD and CAPE Trading Symbols
    I sold DSEEX likely in 2018, after holding it for 5 yrs. After that I experimented with CAPE during which time I noticed that the published sector allocation of CAPE was somewhat (25%) different from that of DSEEX. DoubleLine had an explanation for the difference, as in the index followed was slightly different. Pl check if the sector allocations / index currently followed by the two is the same.
  • PGAEX - Interesting New Alt Fund
    $2,500/$1000 at Schwab with a TF.
  • PGAEX - Interesting New Alt Fund
    PGAEX has a 5.5% load. But PGAGX, the Z class is NL with an ER of 1.15%. MFOP shows it to have a negative correlation with the SP 500. Available at VG w/a TF. $500 General and IRA. Yes, interesting. It has a low R (36%) with my VELIX, a large cap Long-Short Alt Equity fund. Worth watching. Thx Lewis.
  • AAII Sentiment Survey, 6/8/22
    The NEXT 50-bps is baked in. What has been in the media are speculations of how many MORE 50-bps hikes to come, whether there may be a September PAUSE, whether a shift from +2% average TARGET to around +4% average target (even temporary) may affect the Fed/FOMC (it was just 1-2 yrs ago recently that the Fed introduced "average" for the target).
  • AAII Sentiment Survey, 6/8/22
    For the week ending on 6/8/22, Sentiment reverted to very negative: Bearish remained the top sentiment (46.9%; very high) & bullish became the bottom sentiment (21.0%; very low); neutral became the middle sentiment (32.1%; above average); Bull-Bear Spread was -25.9% (low). Investor concerns included high inflation & supply-chain disruptions; the Fed (how many hikes; whether its +2% average inflation target would be moved; the FOMC meeting next week); market volatility (VIX, VXN, MOVE); Russia-Ukraine war (15+ weeks; no longer in headlines). For the Survey week (Thursday-Wednesday), stocks were up, bonds down, oil up sharply, gold up, dollar flat. #AAII #Sentiment #Markets
    https://ybbpersonalfinance.proboards.com/thread/141/aaii-sentiment-survey-weekly?page=6&scrollTo=661
  • CAPD and CAPE Trading Symbols
    Maybe, though recognize that correlation is not causation.
    DoubleLine has not especially impressed with its enhanced version of CAPE (DSEEX). It has generated negative "enhancement" relative to CAPD over the past five years (11.13% vs. 12.50%), three years (11.35% vs. 13.50%), and one year (-8.01% vs. -5.86%).
    No matter, they've both underperformed the S&P 500 over the past five years (13.09% return), three years (14.62%), one year (-1.23%). All figures from M*, through June 8th. At least through the last quarter (March 31st), CAPD has outperformed the S&P 500 over the past five, three, and one year periods, though DSEEX remains the worst of the three.
    http://performance.morningstar.com/fund/performance-return.action?t=DSEEX
    (Add CAPD for performance comparisons)
    FWIW, M* reclassified DSEEX as large cap blend in 2019. Until then it had considered the fund to be a large cap value fund. In contrast, CAPD (formerly CAPE) maintains its classification as large cap value.
    https://www.morningstar.com/etfs/arcx/capd/performance
    DoubleLine could be taking a reputational risk as a bond house by starting a CAPE ETF that might outperform the bond-enhanced DSEEX, just as CAPD has outperformed DSEEX. Or perhaps not, since its CAPE ETF is not going to track the CAPE index (unlike the equity portion of DSEEX).
    The ETF's stated "objective is to seek total return which exceeds the total return of the S&P 500 index." (One might ask why then is it using the Schiller CAPE index as a reference, since that's underperformed the S&P 500 for years; but that's a separate question.)
    The ETF merely "considers the underlying constituents of the Shiller Barclays CAPE® US TR USD index ... Because the Fund is actively managed, the Adviser has the discretion to invest in securities not included in the index and may over or underweight a particular sector as it deems appropriate in seeking the Fund's investment objective."
    In short, "the Fund does not seek to track or replicate the Index."
    CAPE ETF Summary Prospectus
  • Nice write-up by Charles in the Observer on last month’s Morningstar Investment Conference
    "...sheer size." Yes, the golden goose. Those already in, like myself, don't want to let go. I took T-IRA withdrawal early in 2022 entirely from PRWCX. There was more than enough profit from 2021 to spare..... 28% bonds now? That's hefty, given uncle Dave's record.
    I dumped a single-stock pile of manure that was never going to be anything substantial in terms of its size in my portfolio: ENIC. The money, plus additions, has been transplanted into three other DIVIDEND PAYING single stocks, and I'm counting on them to produce, even better than bond dividends. (I'm still 27% in bonds, overall.) I've mentioned them before: RGR BHB. ET.
  • Buy Sell Why: ad infinitum.
    Do CD purchases count ? 1% matures 7/22 . Better than .05 % in the bank ! I'll be doing a ladder , with 3 month CD up next. The big question , has Mr. Market priced in the (6)? Fed raises ?
    ...Good question...... I just find those levels of CD rates are a waste of time. I kinda wish there were some other outfit that operates like Israel Bonds: selling sovereigns in dollars at a pretty good interest rate, even zero-coupon stuff. I'd be tempted. Ya, US bonds offer a good rate right now. But they're VARIABLE. I don't want to buy a pig in a poke. And i don't wanna be constantly in and out and making changes every few months.
  • Buy Sell Why: ad infinitum.
    Do CD purchases count ? 1% matures 7/22 . Better than .05 % in the bank ! I'll be doing a ladder , with 3 month CD up next. The big question , has Mr. Market priced in the (6)? Fed raises ?
  • Mechanics of Buying & Selling 5-Yr TIPS
    @yogibearbull,
    Somewhat OT.
    At this point, is 2 yr Treasury or 1 yr Treasury a better bet? When I bought 2 yr notes in April/May, my idea was roll down potential. Now, 1 yr yields only 40 basis points lower than 2 yr. You can PM me as well. Thanks.
  • M* Interactive Charts - Date Workaround
    This may be PC &/or browser dependent. On my PC it works only for 1 magnification setting for 3 browsers mentioned. And after setting the dates, I could reduce the magnification & the dates stuck. Also, @msf noted that this trick didn't work for him at any magnification.
    Another curious thing was that for me it worked at the 1st magnification that made the ad panel on the right disappear. Actually I was trying to do that, posted the screenshot, @shipwreckedandalone noted the date windows in my screenshot & I went back & investigated further. So, it may have to do something with web page-frames.
  • M* Interactive Charts - Date Workaround
    It appeared only at 133% magnification for me for VFIAX (Firefox). That was the highest magnification possible while still getting the full image to appear on the screen.
  • M* Interactive Charting AWOL?
    @yogibearbull seems to be right about the slider giving daily granularity only for more recent dates. And about my using 2022, not 2021. As I recall, the old chart tool had a similar issue that if you went back far enough in time you couldn't coax daily changes out of it. Not sure about that, though.
    I've tried chrome and edge, both logged in and anonymous and at no magnification do the date boxes appear for me. I've also experimented a little with disabling my ad blocker. There must be some other setting/configuration issue at play here. Not worth it to me to figure it out.
    FWIW, the old charts seem to be working again, and they always have the input dates. Though you can't compare with anything but benchmarks.
    On the plus side, they're shareable/linkable, so you can follow this link and I don't have to take a screenshot and upload it.
    VWINX old chart from March 15, 2021
  • M* Interactive Charts - Date Workaround
    www.mutualfundobserver.com/discuss/discussion/comment/150239/#Comment_150239
    Date windows appear only at 170-175% browser magnification (Chrome 175%,Edge 175%, Firefox 170% ), but once set, they stick. Date windows disappear for lower AND higher magnifications. So, this is the workaround.
    Image URL i.ibb.co/rc1k4q0/Screenshot-2022-06-08-10-36-51.png
    image
    LINK
  • M* Interactive Charting AWOL?
    Another test with another ticker, VFIAX. In my browsers , date windows appear only at 170-175% browser magnification (Chrome 175%,Edge 175%, Firefox 170% ), but once set, they stick. Date windows disappear for lower AND higher magnifications. So, this is the workaround and I will post it separately.
    image
  • M* Interactive Charting AWOL?
    @shipwreckedandalone, EUREKA!
    I didn't notice it before. It seems that the date windows appear on HIGH browser magnifications (175%+) and are editable!
  • M* Interactive Charting AWOL?
    When I start by clicking on different Max, 10Y, 5YR and then enter 3/15/21 slider date.....I get different left hand chart start dates. I also notice your screen print shows a shaded start and end date that msf and myself does not have.