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The difference between the value funds in my accounts and PVCMX might be the commitment to the value stocks identified. I don't see how a value oriented stock fund can make much progress if it is unwilling to back its best stock picks past 17% of ho…
I've not been a fan since losing money investing in ARIVX (I think that was Cinnamond's first solo adventure with his "disciplined" style).
I won't try to defend Mr. Cinnamond's record or explain why I find his approach compelling - I've done this …
Thanks for the feedback @msf!
If you compute returns without considering all expenses, but still including the effect of the waiver, then you're increasing the yield by 0.3%.
I was thinking of a scenario along these lines.
Or, just look at the SEC …
Thanks @yogibearbull! (I think I'll get something stronger...:)
Actually, turns out to be a fairly easy read. (I wish IRS had hired the people who drafted N-1A.) You are right, it's all spelled out pretty clearly in Item 26, assuming 'deductions' i…
The 7-Day Yield represents the annualized fund yield based on the average income paid out over the previous seven days assuming interest income is not reinvested and it reflects the effect of all applicable waivers. Absent such waivers, the fund's …
I don't think that Eric Cinnamond is great, far from it. He looks good when markets collapsed and then he missed a lot of the upside. M* says that for one year PVCMX made under 8% while SPY made over 33% = 4 times more.
Please don't come back with.…
To my knowledge, through their history since 1970s, only 2 money market funds ever 'broke the buck'. So, statistically, any MM fund is as good as the other - apart from the yield (as well as management co and asset size, if one does not fully trusts…
@David_Snowball
Thanks David - makes sense.
My main interest was along the lines of making sure I did not overlook anyone worth noting who'd left for private asset management and/or just decided to take an extended break - say, at least a year or …
The $50.00 transfer/extortion fee will be covered by the value of some fractional shares.
You probably know this already, but for anyone else who is not aware: Schwab does reimburse transfer fees. So, this is just a nuisance - no loss.
No, @yugo…
The $50.00 transfer/extortion fee will be covered by the value of some fractional shares.
You probably know this already, but for anyone else who is not aware: Schwab does reimburse transfer fees. So, this is just a nuisance - no loss.
People have been asking Fidelity to add MRFOX for at least a year (r/fidelityinvestments).
Personally, I have never found a Fidelity advisor to be useful on such 'external' business matters (m.b. just bad luck). However, I was once speaking with a …
I was just reading the Bottom Line article: Microcap funds thread and decided to check out PVCMX.
First I wondered how this Palm Valley Capital Fund (PVCMX) was able to get such low volatility and then, wow, it's one of my all-time favorite manager…
@msf thank you the detailed feedback.
The situation is/was somewhat complicated so I thought to distill it a bit.
In summary: Person A had employer-sponsored retirement accounts with Person B as a beneficiary and me as a sole contingent beneficiar…
@David_Snowball
Thank you for the insights.
Any thoughts on PRCGX / PREOX ($215M / $100M mmc) vs PVFIX ($415M w.amc) / AVALX ($1,272M w.amc) / OBMCX (< $600M mc) / WAMVX ($1,170M amc)?
Perritt funds invest in the smallest of microcaps. They ha…
@Devo thanks for the tip.
Just quickly checked out AVALX. I like that it is underweighted in technology and it looks to have had a pretty good run over the last 5 years. Definitely, on par with PKSFX.
But the -39%/-50% max drawdowns at AVALX vs …
Reply to @Kenster1_GlobalValue: I meant to answer your earlier post, but got distracted - sorry.
I think you bring up an excellent point - or, at least, the most cogent one to me - in terms of expanding into new mid-large cap space. I will post th…
Reply to @MikeM: RYSEX (Royce Special Equity) - the original fund run by Dreifus, for which he got most acclaim - is indeed closed. RSEMX is the other - newer (been around for ~ 2 y) - one of the two funds Dreifus manages. Just thought I'd clarify t…
Reply to @Old_Joe:
It would be a bit of an effort, but one could always buy PRGTX, PRMTX or PRHSX directly from T. Rowe Price and then move them to Schwab.
Thanks for the suggestions, everybody! I've run a brief comparison of discussed funds. Here is what comes up:
So, at least on 3 y basis, it looks like USNQX has noticeably lower StDev and higher Sharpe Ratio, while BFOCX has marginally smaller B…
Reply to @bee: I like PRMTX as well, but it is not really a technology fund - after Apple, its next four largest holdings are Walt Disney, Comcast, ATT and Time Warner.