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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.

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Wealthtrack - Weekly Investment Show - with Consuelo Mack



  • December 2nd Episode:

  • December 11th Episode:

  • Dec 18th Episode - Part 2 with Ed Hyman

  • December 22nd Episode:

  • At the end she mentions have a wonderful Thanksgiving holiday . I'm guessing they tape ahead ?!
    Stay safe, Derf
    P.S. Thanks bee
  • Jan 8th Episode:

  • Jan 15th Episode:

  • Jan 22 Episode:

  • beebee
    edited February 6
    Feb 5th, 2021 episode:

    RYSEX is ranked #58th by US NEWS (Vanguard Funds are ranked #1,2,&3):

  • Thank you for posting. Have not follow Royce funds since they were sold to Legg Mason. I hope the rotation will hold in the coming years.
  • beebee
    edited February 13
    2/12/21 Episode
    Diversification works well...when you don't need it.

    - Stay invested for the long term.
    - Diversify for the upside, not the downside.
    - How do treasuries and bonds help investors stay invested on the downside?
    - Risk Manage Equity Portfolio (Is PRWCX be such a strategy?)

  • edited February 14
    @bee, thank you for posting. This WealthTrack is particularly informative.

    You asked a few questions.
    1. Treasury. Low bond yields prevent treasuries to rally on the upside. He suggested holding some longer term treasury since they have lesser correlation to stocks comparing to other bond asset classes.

    2. PRWCX is not a risk managed equity fund since all stock and bond positions are long. It is, however, a highly flexible asset allocation fund. Risk managed equity typically have several components within the portfolio to short the market as part of the downside protection. Some examples are listed in Calamos funds below.

    Although Pimco bond funds are not considered hedge funds, they use swaps and other instruments routinely to reduce the drawdowns.

    T. Rowe Price does have an alternative fund, Multi-strategy total return fund, TMSRX

    @David Snowball also profiled this fund last year in great details.

    In addition, @Charles Bolin contributed a very nice article in MFO's commentary last year. Table 2 contains lots of alternative funds/ETFs to consider. Charles obtained these information from the MFO Premium Lipper's database.

  • I've lately seen the assertion from David Moran that almost half of holdings in PRWCX are short? I've read remarks from several of us on MFO about it, and they are contradictory regarding David's assertion. What is really the case with PRWCX?
  • edited February 15
    If in doubt, it would be the best to go direct to the source - T. Rowe Price. I confirmed its profile at T. Rowe Price, M*, and Fidelity, and there is NO short positions that are listed as negative % under the composition tab in three different sources. In addition the annual reports did not mention short positions in the portfolio. Tend to believe there is an error in Davidmoran's source from M*. I used a legacy M* link from msf that differs from the updated one David used.
  • beebee
    edited February 20
    Feb 20th Episode:

    Beyond Diversification: What Every Investor Needs to Know About Asset Allocation:
    On October 28th, Sébastien Page and Chris Dillon discussed principles from Sébastien’s recent book, “Beyond Diversification.” Sébastien combines his 20 years of investing experience; analysis from more than 200 academic articles; insights shared from a cast of expert colleagues at T. Rowe Price; and, perhaps most importantly, practical lessons passed down by his father, a renowned finance professor.

    Against the Wind (CNBC Interview):

    Sebastien Page's Bio and Articles:
    Sébastien Page, CFA, Head of Global Multi-Asset
  • edited February 21
    @bee, thank you for posting of the 2nd Sebastien Page interview. Very informative on the 2021 investment situation and beyond. Bank loan funds or floating rate funds are an attractive asset class in bonds.
  • beebee
    edited February 27
    Feb 26th Episode:

    Free Issues (Grant's Interest Rate Observer):
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