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.
The difference with Vanguard is that the V. brokerage charges the NTF redemption fee on a last-in, first-out basis rather than the standard first-in, first-out basis.
See the second sentence of this footnote -
"9 The holding period begins on the…
Is it any cheaper anywhere else to sell a mutual fund within 90 days of purchase?
If you're talking brokerage fees, as Junkster is, Fidelity's NTF fee period is 60 days, not 90. Sell before 60 days, they charge $50. TF funds cost $50 one way (purch…
Didn't think to ask about capacity - rats.
Noticed on the fact sheet that two corporates show up in the top 10 holdings: Apple and Verizon. Seems like a decent sign if those are indicative of where they'd go with corps.
At least the junk munis continue to just roll along with PYMDX the leader of the pack.
I keep looking over my shoulder on the junk munis, but right, nothing negative's happening yet - but we're getting close to that time of year for munis. I'd hate…
The whole Keynesian Economic fallacy is going to be exposed as a sham.
You should read up on Keynes, then, because you don't understand what Keynesian econ is. Hint: monetary policy alone is not a Keynesian approach.
I googled several different combinations to try to find any word at all on the topic, and found nothing.
However, I did run across one interesting site, called glassdoor, where employees post reviews of corporations they work for. AQR has 43 revie…
I just placed a small buy order for QMNNX into my existing position at Fidelity, and the order went through normally. There's also nothing on the QMNNX fund pages about a closure, nor is there anything on the AQR web site that I can find. Guess I'll…
Yeah, seems in the fund world, contrary to the usual definition, international = foreign (i.e., ex-U.S.).
Re: Bob C's mention of WAIOX, Wasatch seems to be holding up well post-Grandeur Peak defections. WAIOX's chart looks better than the ~ GP equi…
MWHYX, per the last report, as of the end of Q3-15, had a little more than 16% in commodity energy. Maybe they sold a lot of that since, because the fund has done pretty well YTD; either that, or they made some really good picks in energy overall.
Not sure what to make of this - i.e., under what circumstance this quote would make sense --
"A 2% to 3% discrepancy between its price and the NAV is not significant enough to worry about, states Iachini. The key is not to trade massive outliers." …
Seems to me to tend to the slightly less risky, based on my uninformed historical lookbacks and comparisons. (How's that for handwaving?) Its past performance looks not bad when it comes to slumps (bond portion w Gundlach sauce), and its general out…
Herro's guru status has always puzzled me. OAKEX has seemed like a so-so offering from an otherwise great shop, whose performance always seems to be overlooked when Herro is trotted out to do an interview somewhere.
+1. I think (and the charts show…
Another vote for StockCharts here. But actually, M* charts are nothing to sneeze at if fairly basic data is what you're after. Have to be careful with etf's and cef's using M*, but for oef's, it's decent and intuitive how it works.
AndyJ do you ever venture into the preferred? I normally stick with the open end junk munis or junk corporates whichever is trending. But am buying some NPSRX today. CPRRX is the master of that domain but I prefer the funds where the dividends ac…
P.S. I'll try to remember to call 'em tomorrow and see what they say. I've talked to an analyst or manager there twice but can't recall if the IG-junk breakout was a topic.
Did so, nobody was available from the MF team, so I was asked to e-mail a de…
Good point; you're right that it's an assumption. I'd forgotten that it was one that I made early on, but it's made so much sense over the ~ two years I've owned it that I've obviously started treating it as fact.
The mortgages are non-agency, whi…
PTIAX is my largest bond fund holding. The strategy is barbelling IG munis against below-IG non-agency mortgages: good yield, not tax-exempt, with a slight tendency toward rate sensitivity most of the time. A few months ago they lowered the muni per…
Hi Junkster, I had good reason today to regret the buy in the short junk cef, but luckily I hadn't added to it. If it doesn't gain tomorrow, it's gone. The notorious Pimco taxable cef's got blasted; the ones I checked are down by well over 2%, one d…
ECRI looked beneath the surface of the headline jobs numbers and sees them more or less like Art C. does: they're apparently distorted by multiple job holders landing more part-time work.
Not equities, for me anyway, at least yet. This drop is looking like a possible test of the August low to this kid, and that's 70+ points lower on the S&P 500 from here. EEM broke below its longer term trend yesterday, too.
Ended up selling two muni cef's today. They've gone parabolic in the last couple of weeks, up to a 10% total return for 4 months, can't keep that up. Nibbling now at a short duration junk corp/mortgage cef that's picked up some momentum lately.
willmatt, there are dozens of muni cef's, many of them with portfolios that are very much alike. I've got about fifteen on a watchlist to keep track, off and on, of what's in reasonable premium/discount territory. wxman's MMU is on it, along with se…
To willmatt's original question, which seems like a good discussion topic, here's ~ 2.03 inflation-adjusted cents' worth from this house.
For now, sticking with moderately significant changes made in mid-2015, which consisted of (1) reducing equity…
Nice metaphor extension from a fellow named Mark Yusko of Morgan Creek Capital Management: "Trying to catch falling knives always results in lost fingers… Better to let the knife hit the floor, bounce around a little, and when it stops moving, go pi…
@ BobC, don't forget about OSMAX (I have the Inst. version), it's been my winner this year.
Foreign mid-cap growth funds had a great 2015 (OSMAX, AOPAX, PRIDX, etc.) ... so great, that those with the highest P/E's might be ripe for a stallout. (Same…
Scott brought up RIMIX many moons back, and I've followed it but not invested. Right, it's been pretty much an Asia fund, which puts it a leg up versus funds with stakes in Latin America (esp'ly Brazil). I'd compare it more to Matthews and other Asi…
Hi Junkster, right, you have to wonder when and how these current trends are going to break. If I knew of a good HY oef with low/no oil & gas, I'd be watching to put some $ into it, but I don't know of any, so I'm watching and once in a while di…
Fixed income cef's with low/no junk corporates, and munis of the lower IG/non-IG persuasion have beaten the S&P 500 pretty handily. Many muni, preferred, and mortgage-heavy cef's are up roughly in the range of 6-12% (some even better), and HY mu…
TSP, thanks, HASI looks interesting. The financing side of renewables is definitely cranking up. "Yieldcos" have been in the news lately too, sort of the MLPs of the alt energy world.
thanks....but as a group, these seem not worthy of a wager. Sounded like a good idea at the time though.
I think it'll be better for MF investing when more broad-based funds start taking normal positions in a few renewables companies as part of a mo…
