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.
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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
the place is quite civil, and there is always easy avoidance, as LB and others have been pointing out for years now
so if you don't like it, or really think it should be otherwise, you know what to do, k?
I hope the pay for this interview and these answers was maybe $50 or so. $40 perhaps.
I love the way investors, and journalists, think of all this like sports teams, or individual players, on a streak, in a slump, wait'll next year, how do they co…
my problem w fullview is simply that it is up to date one instance out of ten, plus or minus
I now can tell this simply by seeing whether it conforms within a few bucks w merril's 'my financial picture', which is always up to date and accurate
ful…
@Paul, coming late and unread to this, but I can see the top 5 for FLPSX easily at M* Top Holdings, of course, and then could plot them the last six months or whatever period and see how they did compared with anything else. Including the fund overa…
@Alex: Thought you might enjoy reading the story behind Brown Advisory.
Regards,
Ted
https://www.forbes.com/sites/antoinegara/2019/05/28/the-oracle-of-apopka-meet-eddie-brown-one-of-wall-streets-greatest-untold-stories/?ss=etfs-mutualfunds#19278daf6…
Yeah, always with the 'excellent record'. I myself never saw and still don't see a really compelling reason to own it over 30-, 20-, and 10y spans in preference to say TWEIX and FCNTX. Not even a smoother ride, particularly. And there must be more t…
@Art,
Fwiw. Your mileage will probably vary.
I have been with Fido for nearly 50y and have not had or found a reason to switch. (Owning both their funds and others'.) V good c/s at our levels, which by this time are nonsmall, I suppose. (As I hav…
I notice Morningstar has DSENX listed as a large blend now
Yes, see @msf's first post of June 25 for a thorough review of holdings and valuations; including his opinion that "a fund that maintains a steady 50% exposure to technology and healthcare (…
The reason to write about it now, responding to the OP, is that for almost 6y it has consistently behaved differently from (similar to but better than) SP500 vehicles, ditto for CAPE, and also differently from actively managed (stockpicker) LV funds…
We actually have serious, large-scale redistribution under way, and have for some time:
https://www.nytimes.com/2019/07/01/opinion/2020-democrats-taxes.html
Have held BIVRX for a week and it's up 2.2% already, wild.
So ... so far so good.
Thanks to another Snowball writeup. (I sent another modest check to MFO.)
right, it's the sense of winning and not losing --- perceived-loss aversion --- that is paramount for so many
>> Rather, they would take the money and invest it.
or, for many, do all the other things than invest
DSEEX up 2.9% above SP500 the first half of this year, in a crazy-strong period thus far (over 18.5%);
1.6% above CAPE alone;
and even a percent or so above TRBCX and FCNTX.
A hair under FLVCX, of all things, which is otherwise not good at all…
>> http://cri.georgetown.edu/wp-content/uploads/2019/06/policy-report-19-02.pdf
A key thought about the nonpopularity of annuities:
The individual sees the annuity as a bet, and if they receive the full cost of the annuity payouts before the…
Sanders is toast at some point, but sure, raise my taxes, and my kids' too, and none of us is near the top percent, but fortunate regardless compared with many
Roger all.
I am bailed out of DLEUX altogether, after it broke even. DSEEX has been impressively consistent indeed. I wonder if I will stay 2/3 or more in it as I continue to age out :).
Some interesting things I found tonight:
- boilerplate from DoubleLine which somehow I missed before:
'The Fund may use leverage which may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the …
>> Barclays calculated the index values at least as far back as 2012
You mean 2002, correct?
That is odd he would make such a bald volatility claim, as I study this graph, yes.
https://s.yimg.com/ny/api/res/1.2/VZJ_aAz5A0gSKHXbVIpZZg--~A/YX…
\\\ ... pointing to the fact that using CAPE as an investment strategy has shown lower volatility and a higher rate of return over time
>> I don't know what he was looking at.
Well, he's speaking after CAPE has been in operation only 54 wee…
@BenWP,
What brokerage do you use for CAPE?
Bid-ask of 16 cents on $134 (if I am reading the Fidelity listing right) does not sound so wide, and it tracks its NAV pretty closely. Am I missing something?
When you graph PSTKX ($1M minimum; PSPAX is the investor class) vs IVV over periods shorter than the last 8-9y, the added value from the bond sauce sure looks tiny, sometime nonexistent, and also sometimes worsening rather than buffering dips and vo…
@CareFree,
From a year and a half ago:
https://www.marketwatch.com/story/doubleline-fund-doubles-the-returns-of-rivals-by-uncovering-a-curious-strategy-2017-11-30
The fund is not specifically defensive in nature, [Jeffrey] Sherman explained, becaus…
Whaddaya mean what's it doing there? How do you think the web works? It assumes you might want to know more ....
Looking at the last 4y of performance (and parsing sub-periods) it's hard to see exactly why you would take SCHD over OUSA, NOBL, VIG,…
