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.
He is also famous for moving to Singapore (with his third wife) saying America is through.
If he hadn't run Quantum with Soros (from 1970 to 1980
1) he would still be poor 2) he wouldn't be able to afford three wives or move to Singapore 4) he w…
Unfortunately, the WSJ is a shadow of it's former pre-Murdock self, and now hardly worth the money. Barron's far preferable.
I rarely get much from "free" investment advice, anyway. Anyone who has a portfolio greater than $50,000 should be willin…
If you mean a fund that allocates among different sectors or asset classes using etfs rather than stocks or bonds there are a few ETFs like that. I am thinking of Cambria ( an ETF they run is GAA) and CMGwealth.com.
The latter has a very informat…
Mind game...
Everyone moves into all index funds, presumably spread out over the whole market. Funds that hold all of the components of an index would skyrocket with their valuations dependent only on how much money was allocated to that index. Bu…
It all depends on your gastric acidity and if you need the money. Excluding the Great depression, if you believe James Clooney of AAII regardless of the downturn if you can hang on for four years and not sell you will be OK.
While I cannot really c…
I have used Schwab for three decades and have been pretty well satisfied. I also use Fido and Vanguard.
I think their customer service is better than Vanguard, at least there are fewer restrictions on accounts at Schwab so less maneuvering. Fido i…
I have had fraudulent charges on a card that I only use rarely, occur the next day after I used the card at a wine store. There was no other source for the fraud than an employee at the store.
When I called the card company they couldn't care less…
@BobC
I agree. Not only is this a black box, but it is a lack box that is not even in a traditional alternative category or trying to beat a traditional type index. The Upside seems pretty positive but it also generally looses more than the SP500 …
I bought BPTRX for my daughter years ago as I liked his other funds ( way before the asset bloat there) and thought she had a 50 + year horizon. The crazy leverage he uses helped drive the fund to one of my best investments but I wouldn't recommen…
I thought we only discussed investment ideas here... Try this
WSKY
http://www.etf.com/sections/daily-etf-watch/etf-watch-whiskey-fund-launches
If Quarter Cask is to peaty try Dalmore... If you have had great investment success thus far go for the…
Although I must say some of the worst ones are really really imaginative in their vituperation of Obama and the democrats. I wonder if most of those folks have a life offline
I dont think the "abuse" that I have seen here even approaches the rancor and vitriol on other forums. Even posting with your real name does not stop people at the WSJ from awful comments. I have stopped reading any of the messages there
I think t…
Ditto me No politics, unless it has a direct impact on investing. People can discuss their ideas about the impact of politics on the markets etc but let us not discuss our personal political opinions
While I genuinely believe partisan politics have no role in investment discussions ( I once dropped a newsletter subscription after the editor went on a political rant) I think the potential instability in the markets by Trump's shenanigans warrants…
I marvel at how the market seems to ignore the potential chaos at the White House. Maybe that means that Trump really will not do anything.
But looking at all of the areas he could blow up with a few tweets, and how America's enemies must be gleef…
Including ETFs
TUR 12% VGHAX 9% ( and I was ready to sell it) SFGIX 7% VUG 7% VPCCX 7%
Bottom of Barrel
OTCRX - 3% SPCAX -0.5% VWITX 0.07 % FPINX 0.16 %
@00BY
GADVX is listed as "market neutral " by M* but it is really merger/arbitrage. I would not consider this cash like. The Max DD is 7% and correlation with SP500 between .6 and .79 for merger funds like this. To me "riskless" or "cash" assets …
While VUBFX and VUSFX (Vanguard's version of Ultra Short bonds) are only two years old, they have been a little less volitial than TRBUX. yield is about the same but expenses a bit lower..Pretty close to cash for safety
yes you remember correctly.
He is perhaps not as bad as Henry van der Eb of the Mathers fund who I don't think has owned a single share of stock sine 1974!
I lost a significant amount of money with Hussman when the marker turned down in 2008 ( y…
I can't remember how much both Barron's and WSJ cost, but unless your portfolio is only a few thousand dollars, the money is money well spent and beats paying an adviser 1%
Although of the two Barron's is a far better deal for most of us( $52 a y…
@davidrmoran Don't forget Elliot worked at Lloyd's before Faber and Faber so he certainly knew something of the time value of money... He also hung around a bit with Keynes in Bloomsbury although I am sure the real members of that "set" found him u…
I am 30% cash too.. and thinking I will go higher. Seth must be looking over my shoulder
Wish my wife and kids would pay me what he gets to run their accounts
How can you calculate the discount rate if
"Time present and time past
Are both perhaps present in time future
And time future contained in time past.
If all time is eternally present
All time is unredeemable."
I don't think I want poets managing…
Harvard is having problems attracting good in house talent to mange the money because the faculty and students go ballistic when they hear that someone who can deliver market beating returns will not work for less than 2 or 3 million a year. Add to …
I have been in and out of AF over the years, but usually when I was using a broker who pushed them. I never found them to be very helpful or much better than an index fund.
It is hard to imagine how any fund manger running Billions can do any bet…
Most people don't pay any attention to what they invest in through their 401k or even a broker. I tried for years to get my Austinite ex hippy sister to pay attention to the multiple large cap funds in her 401k... couldn't be bothered. My son believ…
I break my bond allocation down my my best estimate of the funds duration: LT 1.5, 1.5 to 3, 3 to 5 and over 5
It must be working because the YTD returns are 0.08, 0.22, 0.76, and 2.14.
This is just the bounce back after being oversold... Hard t…
I am so sorry to hear your have been sick, but hope you feel well enough to join us here again regularly, soon. Without you, the board has lost a lot of zip and vim and vigor !
Keep your spirits up!
In addition to having no alternatives in Annuities and some 401k, some of us have worked with brokers in the past who only have access to A or C shares. I have done the math many times, and old_skeet is correct... A shares make sense if you hold th…
I know this is mostly mutual funds, but I also read a couple of stock newsletters too, esp dividend oriented ones and pick up a small position when something sounds cheap or reasonable. I missed GM last month so bit on CVS rather than add to VIG or…
@Ted
I have tried to pay much more attention recently to dividend safety and dividend growth, using ETFs like SDY and VIG, and am willing to sacrifice yield to avoid surprises.
There are several excellent websites to look at. Barron's profiled a …
I have been looking at their funds. The Tactical all Asset and the Bond fund are rather transparent as Blumenthal publishes his allocations on line weekly. He has little or no info on the long short strategy, which would probably be the hardest to i…
Non, je ne regrette rien
Just remember the ultra right wing French legionaries sang Piaf as they marched out of their barracks, after trying to take over the government in Algiers
I agree. even when I have invested in stocks later found guilty of egregious security frauds ( ie Worldcom) my position is so small compared to the lead plaintiffs I rarely get more than a couple of bucks. The fine print is always enticing, as your…
It is hard to determine the possible changes in NAV of a bond fund, but laddering does give you some hope that the results of interest rate increases will be predictable... as long as the fund is not threatened with large redemptions.
If you buyin…
