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Winners/Losers over time

MaxBialystockMaxBialystock
edited February 2013 in Fund Discussions
Mixed bag today. But this is not just about today. Over time, I'm quite pleased with MAPOX and MSCFX, and I'm finding that despite the recent downgrade by Morningstar, TRAMX today reached a new 52-week high. And I'm sure glad that when I began investing 10 years ago, I decided to buy shares in MACSX. Since then, MAPIX, too. PREMX is bucking headwinds these days, but I'm not dumping it---yet. It may be that I got into DLFNX at just the wrong time, rather recently, but it "covers a base" I did not have "covered" before: supposedly super-safe domestic USA gov't debt. It's just 2.6% of my holdings. ..... I'm still bar-belling with PREMX and MAPIX at the ends. In between the two: SFGIX, MAPOX, MSCFX, TRAMX, MACSX, DLFNX and MAINX.

Comments

  • BobCBobC
    Hi Max. You might want to consider dividing your EM-specific bond dollars into local currency and dollar-based bonds. If current trends continue, local bonds will do better, even though there will be moments of "flight to safety". And flows into EM bonds have been more than 3-to-1 to dollar bonds, indicating to me that there are probably better values in the local bonds. PREMX is an ok dollar-based fund. But I would want to own some local currency bonds, too. We use GIMDX, but there are others to watch, such as PRELX, TGWIX, or PELBX. My opinion, FWIW, is that you better have an outstanding group of experienced traders in this sector. Goldman's depth was a major factor for us.
  • CharlesCharles
    edited February 2013
    Good holdings, congrats. Any thoughts on municipal bonds?
  • MaxBialystockMaxBialystock
    Reply to @BobC: Hello. You might or might not be aware: I'm dealing directly, on a retail basis, with each fund house. TRP not long ago launched an EM bond fund in local currency. PRELX. It could be that M* is comparing it on the chart to the wrong sort of benchmarks, I dunno. Doesn't attract me, really... And I seriously am averse to jumping LATE onto any bandwagon. I hold no municipals. Doesn't seem to make sense for my situation. Unless the Congress screws it up, I'll be in the 10 or 15% bracket, and therefore won't pay tax on divs. and capital gains, anyhow.
  • MikeMMikeM
    Reply to @BobC: Thanks Bob for the suggestion. I've been listening to your advice and how you are allocating fixed income. I was looking at PRELX for a while now and decided today to move a little into that fund. GIMDX is not available to me.

    Thanks again for your posts.
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