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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
I view MOAT as an excellent concentrated fund with a sound strategy supporting it. Not sure if a further breakdown would be better, or simply add more risk.
Doing a bit of clean up...swapped a pure utility fund for HTD, a John Hancock CEF with 60% stocks (mostly utilities) and 40% FI (bonds and preferreds), currently a 10.17% discount and 8.49% distribution. I'm anticipating that as the market broadens …
FWIW, not that it's a valid comparison, but since such a comparison was mentioned, our CD ladder with its just below 4% APY, outperformed GQGPX with its 3.4% average annual return over the past 3-yr period.
;-)
It’s good you limited the GQGPX vs CD …
Jon Sindreu mentions JEPI...$32B AUM and very quickly.
I do recall a recent conversation with Kevin Simpson of DIVO fame, indicating that high volatility enhances the distribution potential of running a covered call ETF...FWIW.
@Old_Joe ...yep. I do think though that the emerging market classification of a dozen years ago is very different than those of today...still with significant political risk, but they do have largely functioning economies. Past EM funds are more si…
@stillers ...the EM space is a lot like a dice table in Vegas. Most of the time you're going to lose money. But...there's NOTHING like a hot dice table. Same for EM.
@WABAC. …several excellent points
-I do think there will be more to AI than chips or servers.
….of course, and we’re only starting to see the very beginnings. The most valuable companied will be those who leverage AI for streamlining operational ef…
@rforno ..."I'm happy to let my funds hold MAG-7s in controlled quantities. I don't need more of them!"
indeed, and they pop up in unexpected places. They are a top holding in Rajiv Jain's international and EM funds for reasons I've yet to hear an …
@Mark ...those are 2 interesting newer funds. I like active ETFs with less than 100 stocks, because it potentially offers better returns. CGDV certainly has an eclectic portfolio.
https://www.etf.com/CGDV
@stillers ...having a significant amount in a high-flyer can create a bit of anxiety. This certainly applies to holders of individual equities, but I'm wondering why folks with significant positions in SPY (or similar) aren't equally wary. They sho…
@Baseball_Fan ...you might want to take a listen to Josh Brown on today's CNBCs Halftime Report via podcast or other means. He did the best job I've recently heard describing the difference between NVDA and the dot.com bunch. And there IS a signific…
..the firm's AUM has grown tremendously over the past few years.
The AUM for GQC funds is actually fairly modest. What skews the average is the GS fund (GSIHX) sub-advised by GQC. Interestingly, there is not a pure GQC fund which mirrors the intent …
"EM firms have funneled the dough into the hands of corrupt officials, founding families, and antidemocratic governments."
Sounding more and more American as time goes on...count me in. I've been invested in Rajiv Jain's GSIHX since September 2018 …
Anyone considering EMs needs to study the Callan Chart (below), and unless they are the amongst the world's best market timers, think again, and Just Say No!
Click on the 2023 PDF Chart at
https://www.callan.com/periodic-table/
In another thread…
I own VHCOX and POAGX...holding tight as well. Thanks for the link.
Yes, those are two of my longest term holdings as well. Primecap was actually the first fund I ever owned dating back to the mid-80's, as my first job was with a company headquarter…
The 3 (9.96%), 5 (15.79%), and 10 year (14.5%) performance records of SPGP somewhat speak for themselves. The portfolio certainly seems odd, and certainly out of synch with the "Magnificent 7, but I guess that's the point.
https://www.kitces.com/wp-content/uploads/2014/11/Kitces-Report-March-2012-20-Years-Of-Safe-Withdrawal-Rate-Research.pdf
I remember that too, @PRESSmUP. Is this the link-report you are referring to?
Thanks @MikeM ...yes, I believe that article was…
@yogibearbull ...indeed. That approach won't work forever. Several studies have concluded that taking only RMDs would leave a boatload of money when we're less likely to enjoy it...which is why I began taking IRA distributions when I was 59.5.
@be…
Certainly can be done, and I'm a fan of doing precisely that. There's a wide variety of items (stocks, CEFs, OEFs, LPs, BDCs, REITs) that throw off distributions, both debt and equity. I have 35% of my portfolio with items targeted purely for growth…
@PRESSmUP,
Thanks, I do have GQGPX on my list.
GQG Partners' rapid growth and high key-man risk (Rajiv Jain) are concerns.
What are your thoughts regarding these issues?
$15B for an EM fund is a bit heavy, but the holdings are not small companies, …
Your portfolio of international holdings is far greater than mine. I scaled back a few years ago, when the US repeatedly outperformed. Now, with only a 10% allocation I realize I'm a bit under-capitalized in that area. I've found it harder to slice …