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.
Reply to @David_Snowball: David, why would you ever touch her dialect !?! Its wonderful. I thought she was Scottish. Regardless, a very pleasant sounding voice and a real find. And, BTW, you did a nice job on the RPHYX conference call. Thanks f…
David,
Great job as always by you and the team. This is a really great web site and resource. Thanks for the many features and materials you've added.
D.S.
P.S. Recently "discovered' the MFO podcasts -- whose voice is on the MFO overview of RP…
Reply to @scott: I think Royce Heritage Fund used to have such a lock up period (couple of years?). The fund seemed to have done quite well back in the day. Royce abandoned the format, however. And now Heritage is just another of Royce's "SMid-ca…
Reply to @Charles:
Charles, yes, I see that. I was surprised that after the tremendous bloat at FAIRX not so long ago, that Bruce would decide that he would now want the flexibility to go so far as to suspend all purchases, even reinvested divvie…
Every once in a while, Bruce does some weird stuff. First, there was fund bloat extraordinaire all while Bruce rationalized his pre-2008 media overexposure as "an efficient way to communicate with shareholders". Then, there was Bruce's stupendousl…
Reply to @MJG:
MJG,
For the record, I was more interested in hearing your thought on how you actually use active funds in your portfolio, than learning your secret list of active funds.
Thanks, regardless; and many happy returns.
D.S.
Hello MJG.
I've also noticed you're being a strong proponent of index funds. I was surprised to read that you held some actively managed funds. I would be interested in hearing how you use actively-managed funds in your portfolio. For myself,…
Roth contributions do not count against the 401k limit, do they?
In other words, a person under age 50 can contribute $17k to a 401k and $5.5k to a Roth IRA, correct?
Perhaps not along the lines of what you're looking for, but offered for your consideration nonetheless...
Of Human Bond-age
Bondfire of the Vanities
Nothing Will Yield But Something Will Have to Give
Year of the Dog
Bagelopoly
Reply to @Mark: See the September annual report
http://www.ivafunds.com/sites/default/files/downloads/IVA Funds Annual Report Sept. 30, 2012.pdf
It is by no means the major emphasis of the report; but it does indicate that many dividend stocks may…
Reply to @hank: much obliged. appreciate the link; I'll have to dissect that later when I have a clearer head. I'm disposed to trust Clyde McGregor & Co., but will do some more due diligence if I can ever find the time over the next month. Th…
Reply to @Investor: Actually, the mechanical watch industry is doing quite well. At least one new watch firm seems to be founded every year; and the industry warns of a forthcoming shortage of watchmakers. Watch magazines have also proliferated, …
Reply to @Investor: No doubt, no doubt. Life's emergencies tend not to coincide with market tops, whether for stocks or fine arts.
Truth is, however, certain high end Swiss and German watches do a pretty good job of holding value, and even increas…
Reply to @hank: hank, I got you covered on the Swiss (and German) watch thing. I travel to Switzerland on an annual/semiannual basis and can window shop with the very best of them. I could spend your money well, hank!
Reply to @Mona: Please...don't get me started. I'm a big fan of the Reverso line; if I wasn't limited to Swiss I'd go with an FPJourne. Still waiting for the "watch account" to grow a bit more yet. Enjoy the Patek. The 5296G-001has long been on …
Thanks to all; these are really great suggestions.
catch, I do not have a Fido account, but I appreciate your detailed suggestions.
David, BobC, I think I'll look into NEARX, VMLTX, and the RiverPark fund after I do a bit more due diligence.
bee…
Reply to @Charles: The media in general really digs D&C, and I think generally for good reason. In addition, Osterweis recently said he wanted his shop to become something like D&C. FMI's managers, I believe, speak well of D&C (I think…
Thing I never got about D&C as a "value shop" is that they're funds are always fully invested (or about 95% fully invested). I tend to think "value investing" would require a manager from holding cash when there aren't enough values available, …
Reply to @Mona: It can (but it need not). See Artio, for example (but see also TROW). If you consider an asset manager being taken over by a publicly traded company as a similar type of transition, see Royce Funds (but see also Affiliated Managers…
Hey, let's not forget that Royce's Micro Cap fund is over 25% international stocks. And yet Royce keeps benchmarking it against the US Microcap index.
Chuck sold his soul. He kept his cashmere sweaters and his bow ties, but he sold his soul. And…
Reply to @VintageFreak: I was being ironic. Yeah, I think, Chuck's bow ties and cashmere sweaters aside, Royce is going the Janus way.
M* still eats them up, however.
Buzz Zaino has a fund that can really take off in up markets (but also tank har…
Reply to @rono: Rono -- as far as "rare art and collectibles" go, I've been working on my wife to let me purchase an F.P. Journe. You think that would qualify? Can I cite you as a reference for this astute FP Journe strategy?
Cheers.
