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How far will funds/equity market travel; before; well, before profits are taken? LIP
As I noted in another thread, I think this is going to be the moment where you start to see money trickle back into equity funds. If not, and people just regard this as another opportunity to sell equity funds and buy fixed income, then I give up - those people aren't coming back to equities for a loooong time. Either way, there is going to be enough cash around (and more likely on the way) to send equities higher (with some pullbacks, certainly), whether or not fundamentals/valuations make sense. A lot of the money flowing around is going to head into commodities, as well.
As I look back over my equity holdings I notice that high volatility hurt many of my equity funds from performing as well the overall market. Maybe its "catch" up time from these sectors. This has already happened with PM (USAGX, PCRDX) which had fallen back 30% most recently. Did I have the discipline to pile in back then? ...only a little.
I would suggest "only a little" as a good approach. Take profits along the way but, "only a little". Buy into this momentum (artificially induced) but, "only a little". "Only a little" is a relative term but, I would do this up to your sleeping quotient.
My "hold and add to" investments include real estate (REIT funds...REACX, CSRSX, VNQ), Commodities (I default to Scott in this area), Energy (Natural Gas seems the most undervalued but, I have been more diversified in VGENX, PRNEX, & GASFX), and maybe Emerging Markets (VWO, WAEMX, MSMLX, MAPIX, PRMSX, PRASX).
Also, I am waiting to unload a few "stuck in the mud" funds...CAMAX, Japan funds (PRJPX, MJFOX) and a "broken and I can't get up" stock... RIMM.
QE3 seems like a nice time to take stock and prepare for the colder seasons ahead.
Reply to @bee: I like the "only a little" approach in this market. Sold my small trading position in MOO early this morning when it gapped way above its Bollinger Band; it's pulling back now and I'll buy it back in due time. I have large positions in mReit CYS and nat gas ETF FCG, both of which are screaming higher today, but these are longer term holdings, and they're not overbought enough to consider my taking profits. Not touching any of my mutual funds. With today's sale, I'm probably near 30% cash, which reflects my cautious stance in this market.
Probably too many... I just counted and I come up with 40 funds give or take.
My choice of funds has a bit to do with where I have my accounts...T Rowe, Vanguard, an USAA. I chose to diversify across brokerage house as well as funds.
I hold: PRHSX and VHT...Health Care VWO, PRMSX, MSMLX, WAEMX, PRASX,PRIDX and MAPIX...Emerging/Asian/International PRMTX, MATFX, VOX...Global Tech USAGX, VGPMX, PCRDX, VIS...Material, Precious Metals, Commodities REACX, CSRSX, and VNQ...Real Estate VDE, GASFX, PRNEX...Energy, Utilities PRNHX, PRDMX, PRIDX, HRVIX...Small/Mid Cap MFCFX, FAIRX, OAKIX, CAMAX...LC with a Focus? MJFOX, PRJPX...Japan USIBX, RPSIX, PONDX, TGBAX, PRPFX, USTEX, PRWCX...Conservative/ Moderate Allocation / Bonds
When I run M* portfolio X-Ray I am about 1/3 bond, 1/3 Foreign Stock, 1/3 US Stock. 50% is in my top 10 holdings.
I suppose I could own...BND, VT and VTI and be done with it but, what fun...d is that?
I feel more comfortable diversifying funds as well as fund houses.
Reply to @bee: thanks, bee. I myself have a bunch of line items (though less than you). Do you feel that Japan indeed merits an allocation separate from other foreign? (you seem to bundle together EM/Asia/Int'l, but Japan stands out.)
Comments
As I look back over my equity holdings I notice that high volatility hurt many of my equity funds from performing as well the overall market. Maybe its "catch" up time from these sectors. This has already happened with PM (USAGX, PCRDX) which had fallen back 30% most recently. Did I have the discipline to pile in back then? ...only a little.
I would suggest "only a little" as a good approach. Take profits along the way but, "only a little". Buy into this momentum (artificially induced) but, "only a little". "Only a little" is a relative term but, I would do this up to your sleeping quotient.
My "hold and add to" investments include real estate (REIT funds...REACX, CSRSX, VNQ), Commodities (I default to Scott in this area), Energy (Natural Gas seems the most undervalued but, I have been more diversified in VGENX, PRNEX, & GASFX), and maybe Emerging Markets (VWO, WAEMX, MSMLX, MAPIX, PRMSX, PRASX).
Also, I am waiting to unload a few "stuck in the mud" funds...CAMAX, Japan funds (PRJPX, MJFOX) and a "broken and I can't get up" stock... RIMM.
QE3 seems like a nice time to take stock and prepare for the colder seasons ahead.
Hi Fund,
Probably too many... I just counted and I come up with 40 funds give or take.
My choice of funds has a bit to do with where I have my accounts...T Rowe, Vanguard, an USAA. I chose to diversify across brokerage house as well as funds.
I hold:
PRHSX and VHT...Health Care
VWO, PRMSX, MSMLX, WAEMX, PRASX,PRIDX and MAPIX...Emerging/Asian/International
PRMTX, MATFX, VOX...Global Tech
USAGX, VGPMX, PCRDX, VIS...Material, Precious Metals, Commodities
REACX, CSRSX, and VNQ...Real Estate
VDE, GASFX, PRNEX...Energy, Utilities
PRNHX, PRDMX, PRIDX, HRVIX...Small/Mid Cap
MFCFX, FAIRX, OAKIX, CAMAX...LC with a Focus?
MJFOX, PRJPX...Japan
USIBX, RPSIX, PONDX, TGBAX, PRPFX, USTEX, PRWCX...Conservative/ Moderate Allocation / Bonds
When I run M* portfolio X-Ray I am about 1/3 bond, 1/3 Foreign Stock, 1/3 US Stock.
50% is in my top 10 holdings.
I suppose I could own...BND, VT and VTI and be done with it but, what fun...d is that?
I feel more comfortable diversifying funds as well as fund houses.