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Order placed to liquidate my moderate-sized position in VMVFX that I've had since 2014 for 15% LTCGs. I've noticed it's starting to own more large global corps (Alibaba, JnJ, etc) that are not in the small/mid-cap range that once attracted me to it. Plus not sure I still want to be in small/mid-caps these days, either.
ER = 0.08%
Added more slv, brk.b. started new position in PAA
Have more divs coming in 8.15th, not really sure what to do with them, maybe buy more index equities or add more to BIAWX/spread among others
Going into the rest of the year I expect to re-open and significantly fund a PRBLX holding as a core position in the OEF part of my portfolio.
Market is advancing while waiting for more QE (more like dope).
For the past month a good number of my value type funds have been the better performers within my portfolio with some having dividend yields in the three to four percent range. Now being retired and an income focused investor two domestic value type funds that I own which are good dividend payers are SVAAX and IDIVX with yields of 4.2% and 3.7% respectively. In addition, they have returned better than ten percent over the past 90 days and are now starting to find some traction with returns in the five to six percent range over the past thiry days.
Another good dividend paying global fund that I favor, with a dividend yield of about 3.3%, which has had a three month return of better than twenty percent and a little better than six percent return over the past 30 days is EADIX. This fund is listed by M* as LCB but has a good number of growth stocks in it.
Eventually the far better control of Covid in Europe has to be reflected in their economies and as the US Dollar weakens, Emerging bonds and Gold will also benefit
But nobody is going to win until there is an effective vaccine and everybody takes it. The market thinks that will happen this fall, expecting there will be a rally that will knock your sox off.
But this is unlikely and when it is delayed and if there is a Blue wave, I think we will see a March like bottom.
Enjoy your weekend, Derf
A little bit of the glittery stuff goes a long way - unless you’re in to swallowing lit torches.
I like that PRBLX is concentrated and not an index-hugger. Nor does it hold many of the 'usual' big names found in most funds - at least in any large amount. Looking at 2008, it only lost 22% compared to 36%+ on the S&P, and in my view has performed nicely since (including during periods of volatility) which tells me their managers are good about controlling for risk via stock/sector allocations. PRBLX marches to their own drummer, imho. The only thing I wish was for the ER to be a bit lower, but it's not a show-stopper for me.
(It tends to pay out monster LTCGs each year, btw.)
There is no capital gain issue if you use it in tax deferred account. Tax efficiency is not one of the goal in active managed funds.
Picked up first chunk of IVOL at $27.50. Yes, it's FI, but it's an interesting little nugget, imho.
Stay Safe, Derf