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Have there been any buys or sells over the correction (4 or 5 days) ?
If I do sell, it would be a way of generating cash to pay down my credit card debt - I made a number of entirely sensible investments in my "new" house ($2000 for a massive upgrade to the insulation, $1000 for working toilets, $500 to rewire the main electrical service panel, $500 to move all the lighting to LEDs, that sort of thing) that raised the balance higher than I'm comfortable with. Those sales are far likelier to come from a conservative fund than one of my more volatile beasties.
For what that's worth,
(Wanted to do the same with HAINX, but haven't done it yet and am hesitating because don't want so sell closer to the bottom of a correction)
Else, I added to Energy/MLP-funds MLPX, PXI (a little early for PXI, so I have a small loss)
and also to EM: WESNX, GPEOX (about to close)
On my correction-buylist, (if it corrects more) are funds such as DSENX, POAGX, FBIOX, RPV, FSCHX, FSDPX, more MLP/Energy, more EM/Asia, also PDI, BWG, EVBAX, FNMIX (if FI dips)
MSMLX is Asia-only, not worldwide, but it holds midcaps, rather than small-caps as the name indicates. I'm speaking of the weighted average, of course, according to M*.
So, what I'm pointing out is apples and oranges. Yet, which one is better?
ytd 11.3 1 month: flat. (No M* stats beyond that.)
MSMLX ytd 12.46 1 month 0.05 5 years 14.55
If you've found a great up-and-comer in GPEOX, congratulations. I've bought some very young funds in the last couple of years, too: MAFSX, MSCFX, SFGIX.... Yes, there's no mistaking the connection: SFGIX is run by A. Foster, with Matthews in his past.
Thought about adding to Walgreens after today's obliteration, but just don't care for it even down that much.
Thanks for the mention of MSMLX, it was an interesting read. I'm a big fan of Grandeur Peak, so maybe biased, but I like funds who give managers relatively broad opportunities to earn the best returns. I also prefer more focused portfolios and MSMLX is better in that area. I'm adding it to the list of funds I monitor and consider when I feel the need to make changes or reallocate.
I sold VWEHX, DLENX, and LSBRX as each fell 1% from it's recent high.
I bought more SNTIX, VWAHX, and PZA--municipal bond funds and ETF. These have been steady gainers this year, with next to no volatility.
All on my watch list daily albeit not a fan of VWAHX. Although not a fan of ETFs, have to admit PZA is about as steady as they come and can't think of any ETFs in that category that have maintained their tight rising channel. Maybe MHF but it has been a dog most years outside of 2014. As you saw, when the ETFs fall, they fall hard. Far harder than the open end funds. I'm still 100% in high yield munis in my IRA but after selling and then rebooting it's now around 60% EIHYX and 40% NHMRX. EIHYX caught my attention because of how steady it held during the very mini July selloff. Another one was NHYMX but it's a bit too conservative for my tastes. Let's hope the munis keep rolling.
Though I hate all those funds generally, I'll rise to defend it here. You loved it once. What swayed your affections? And honestly, from what I've seen, the guys running it are smarter than 90% of their peers.
I've thought of selling some cash, but do not consider the past few weeks a "correction." (More like a burp). The attention grabbing 700 points off on the Dow recently is the equivalent of only about 300 points just a few years ago when markets were more reasonably valued - YAWN
“A $21 billion fund is no harder to manage than a $4 billion fund, it still comes down to getting it right,” he said. “If I had a more active trading approach, it would be hard to manage this much money, but we operate from a very broad, macro-economic perspective. It might take us two weeks to get into a position instead of two days, but we always try to act deliberately over a long time period.”
I may add a bit more over the coming weeks.