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Im thinking about selling jhqax and buying lcorx, im thinking lcorx is more flexible in its asset holdings and allocation and may be a better fund to hold in this tough investing period. I would appreciate all opinions.
But you raise the difficult question of where to invest for low risk while earning something above what short term bonds would return. Toughest I’ve ever seen it.
I have a bit in QMN. A very low volatility etf that in the past has pulled 2 or 3% annually. Off 5% this year. I looked at CVSIX which has an excellent long term record. Off 3-4% this year. Just for the hell of it I looked at the very fine FGMNX. Way down this year and the result has to bring its once stellar 10 year return down to virtually 0. One interesting exception is CCOR - however on a day to day basis it is quite volatile. Not important to most. Oops. Double checked. That one’s down 3% YTD. With my luck, were I to buy it it would promptly turn south. Funds that invest in dividend players can do some very strange things over shorter periods.
The bond collapse has affected all manner of funds. That’s all I can determine. And the charts all exhibit a similar “nose down” pattern which gained force perhaps a month or two ago …
I have also been impressed by CDC. According to M*, 70% of this ETF's portfolio is classified as "value".
It has exposure to high-dividend-yielding, large-cap U.S. stocks that have at least four consecutive quarters of net positive earnings.
It offers a disciplined and balanced investment approach that manages risk by automatically reducing exposure to stocks during periods of significant market declines, and reinvests when market prices have further declined or rebound:
Sheeet hits the fan, does it all go "Poof" or are you bigly wealthier?
For the past seven years PQTIX has done an excellent job of delivering positive returns while consistently zagging when equities zig.
As a retired and conservative investor, I have been trying to follow the motto of another investor who once posted the following: "I don't really need a lot more money - but I certainly don't want to lose a lot. I need to remind myself to err on the side of caution."
Until the proverbial dust settles, I have been sleeping well at night with only 10% of my portfolio in PQTIX and the rest in cash/MM.
For some reason Fulcrum funds are not in the MFO database, but I looked at the available absolute return funds that are and compared FARIX to the top four over the last year by MFO risk and return. FARIX has a lower St dev and a much lower Max DD ( 5%) and a higher return since inception. It is up 25% in the last three years, and 3% YTD, but only lost a smidgeon in the Covid crash. Avaliable at Schwab and Fido.
I have been mildly burned by other "black Box" funds ( Looking at you TMSRX!) before. I tried a slug of managed futures in the past, but found they were not consistent.
While this is really searching for the "golden fleece" ( hoping not to get fleeced) it seems worth a small nibble.