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I took some of my RPHYX money off the table and am all about T-Bills for the moment. Will go back into RPHYX when treasuries come down. I am also taking the opportunity to diversify a bit into short-ish duration bonds.
FWIW, RPHYX disappointed …
I rebalance quarterly -- generally to control risk.
I have had luck rebalancing into market downturns (COVID, 2008), but the net effect seems to be modest. Here I was using the safer assets (cash, short term high yield) as dry powder and balanci…
Never really got the attraction of social media -- unless you consider YouTube social media. I had started to become fond of some channels on Twitter. I all this stuff does more harm than good, however.
Meta, Twitter, Stripe et al. make sense. I don't get Amazon doing deep cuts - they seem to be quite diversified. Can anyone with industry knowledge provide bit more context?
OAKEX seems to have perennially underperformed. OAKGX, OAKWX, and OAKBX seem to have had long stretches of being solid to strong performers. Certainly value has taken it on the chin, but shops such as D&C seem to have muddled through (although…
I made a good chunk off of CGMFX during Ken's last banner year. Then he went all in on shorting treasuries, and I got out. I think overall I did okay throughout my holding period (beat S&P500).
Had an unsimilar experience with FAIRX. My ro…
to @LewisBraham's suggestion: I own RYSEX and have been pleased with it. I believe Dreifus is eyeing retirement, and there's no guarantee the new manager will have Charlie's talent for deep forensic analysis. Royce being Royce, they also put Char…
I like Oakmark, but have to admit OAKBX has indeed been a bit of a disappointment, but I continue to hold in taxable. OAKEX has been lackluster for longer. OAKLX can be a wild ride, but I hold as a volatility lever.
In my Roth, my max position size is 17.5% (I set position targets in increments of 2.5%). Anecdotally, I found early in my investing career that position size of 10% for a strong performing stock is enough to add a notable amount to portfolio. In …
No deployment of dry powder yet. First deployment will be to AA funds mid/end of summer, then into riskier stuff, depending on war in Ukarine. In general I use a 20% downturn as a buy switch in transitional periods such as these. I am a good 10-1…
I like Osterweis a lot and use them in both my Roth and taxable holdings. I respect that they retain the latitude to go their own way and seem to act as true, prudent, fiduciaries. They seem to be a class act who think a lot about culture and proc…
Oh, great -- Bruce is back on top. That means we can expect to see the following:
1. Bruce showing up tirelessly on literally every money show to pimp the fund, I mean, "communicate effectively with shareholders"
2. Bruce making strange additions…
Vanguard still in business:
"Vanguard is all about the little guy, and punching Wall Street in the nose". Until you have to deal with their customer service, which is abysmal. I have one small holding with Vanguard, which I dread moving, but whi…
Royce has had a handful of good funds, but more than a handful of moves demonstrating their inability to act as true fiduciaries. I've documented some of them here from time to time. The first I noticed was several years ago when in their annual r…
@Mark -- the metaverse is more than a name change or re-brand as i understand it. Zuck has been working for sometime on related projects (oculus). I don't think it's smoke and mirrors.
That said, i struggle to see the allure of a all-encompassi…
I'll be interested to see how much contagion there is end of day following the FB news.
Bit of a bummer that one of my "conservative" allocation funds (PROVX) is ~4.7% FB.
One more comment (which perhaps gives away my age) -- not getting the metav…
I would wager: market over-valued; political & geopolitical concerns; lingering supply chain woes w/ Omnicron, rotation out of growth, Bitcoin nervousness. Quant trading alogorithms.
Maybe, just maybe, folks are also worried about having CO…
@Sven: I wondered since the launch of DODLX if they would eventually move in the direction of a VGWLX or RPGAX; further, if a global balanced fund would be developed as a separate offer vis-a-vis DODBX.
The recent use of hedging in DODBX also le…
@hank -- points taken. Thanks. Not understanding your point on $100 vs. $1000; but i've always invested directly with them and they always had the $1000 minimum and $100 subsequent (I bought into DODFX as one or my first funds when I was a grad st…
I hold a constant above-average weighting in small caps in my Roth as SOP. My rationale is that in that account I have more time to ride out any volatility than in my 401k. T
In my 401k I an also overwight smid's since there is also scuttlebut i…
Ed has alluded to D&C in the past (and, I think once took a shot at, FPA). Osterweis is also in SF. If you believe the twitterverse/YouTube chatter, SF is all-around not a place to live right now.
Speaking of Ed, I did notice in one of my rec…
@yogibearbull -- i did a quick skim and i'm not seeing much more than a subtle nod to alternatives, nor to international stocks. all else being equal i'd welcome those updates, but not seeing much in the announcement to suggest that there will be mu…