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In fact, once they closed WAEMX, they opened WAFMX, so WAESX is the third such fund now. But one should admit that the previous two are quite impressive. WAFMX may become very volatile when the frontier markets go under, but I invested in it when it…
I have seen this comparison somewhere, so without trying to be original I just put here this quote: "General Patton's critics considered him arrogant and reckless, but his soldiers admired him as great leader."
I must add that I do not have clear v…
Dear Catch, concerning the distributions and the comments by msg: Most of the charts except those on M* show the price drop at the day of the distribution, so they show correctly the NAV, but they fail to show that the NAV changes in part the fund d…
Reply to @NumbersGal: A possible explanation of the initial outperformance of IVWIX is that initially it was not fully invested, so it was steady when everything else was falling. If this is the true explanation, it does not tell too much about the…
Reply to @MaxBialystock:
Since you emphasized DOMESTIC in your message, you should know that this fund invests 10% in emerging markets, see http://www.doublelinefunds.com/funds/core_fixed_income/overview.html:
Cash 2.19%
Government 17.73%
Mor…
While I agree that DBLTX grows slowly now, I would not be too emotional about the arrogance of the manager. Since inception, $100 invested in DBLTX have grown up by $39. During the same time $100 invested in TGLMX have grown up only by $28, which i…
OSFDX was critically discussed in this group several times. FTQGX changed the managers 3 times during the last 10 years. MXXVX was simply horrible in 2008 - 2009. UMBMX has a new manager since 2011. Maybe VPCCX?
This just illustrates the difficult…
Only future can tell... During the first 1.5 years since inception (from October 2007 to March 2009, very bad timing), WAEMX was down %62, which is scary, but then it was up a lot. As a result, despite its recent fast growth, now it is only %35 up f…
I agree about the recent performance. But whatever you say, one cannot deny the fact that McGregor was the only manager of this fund for its first 5 years or so, and the performance of the fund since its inception 17 years ago is one of the best in …
Please note that at Fidelity the website does not know anything about this fund, but... it accepts the trades. It might happen that the situation is similar at other places as well: They did not have time to fully update the websites...
Unfortunately these funds are available only at TD Ameritrade, as of now, according to M*. Perhaps it is going to change, but then the magic may be gone...
Is there any reason to expect AQRIX to do better in the future than ABRIX, which so far behaves better (essentially a straight line up since 2009)? Or maybe AQRX is going to be more tax-efficient than ABRIX? Or the interest in AQRX appears because o…
USNQX is doing almost exactly the same as QQQ, but returns of QQQ are a bit better, and it is much better than USNQX after taxes. So why would you buy the second best?
You may also check two other tech funds: DRGTX and HFGIX (the last one available at Scottrade for $100). The load version HFGAX has longer history, which is almost exactly the same as DRGTX. DRGTX was the most recommended tech fund at M* for many ye…
Reply to @MikeM:
Dear Mike,
The period of significant outperformance began 5 years ago, on 2008. This outperformance was so significant that it affected the 5, 10 and 15 years data in a fantastic way.
For the first 3 years of its existence, the…
Reply to @MikeM:
I am a bit concerned about YAFFX. One can easily find a fund that is very lucky during the last 5 or 10 years, but let us look a bit further in the past.
For example, three years after inception, YAFFX lost 20%, whereas during th…
If I understand correctly, this fund is 150% invested, i.e. strongly leveraged. See the portfolio in M*. In other words, while DBLTX and MWCRX have 20% of the money in cash, this one borrows 50% of the money in cash, and invested it in bonds, so i…
I wonder whether this fund is as dangerous as SPHIX, or it is much more friendly, like MWTIX, which went down less than 10% in 2008 and then rapidly returned back in few months.
This is an article in Barron's discussing Tad Rivelle and MWCRX few months ago:
http://online.barrons.com/article/SB50001424053111903715504577309670063311212.html#text.inc
Dear MJC,
Thank you very much for the most detailed report and the links. I found the link to Ibbotson most interesting. Some of their conclusions are in fact quite positive. The abstract of their paper says:
"Over the entire period, this return i…
Just make sure that you will not sell Matthew 25 (not Matthews 25) when it falls: From 2007 to 2009 its fall was %63, which may be terrifying while it happens.
Sometimes the funds after similar changes keep the original share class at the same fees and no load as they were before, but they may introduce new share classes which (load or not) can be more expensive. Do you hope that the fees for the new no-lo…
I did not find Hulbert unuseful, quite to the contrary, but the results about the All Star which I found there were uninspiring. It was a year ago, I do not remember details, and I was mostly looking for the data on the All Star single sector portfo…
Dear Skeeter,
Here is the link: http://www.marketwatch.com/user/account/hulbertinteractivelogon?siteid=mktw&returnUrl=/hulbertinteractive/Default.asp?
Hulbert gives performance of hundreds of newsletters, with graphs, comments, etc. The fi…
Dear Skeeter,
The link you provided was to the useful data, but not to the results of implementation of the strategy developed by the author of the All Star newsletter http://www.allstarinvestor.com/public/120.cfm?AffID=IWAE2. If you use this infor…
I see that many people are trying to follow recommendations of Allstar investor. Some time ago I also did it, and it worked until it did not, and then I was hurt badly. I guess the reason was that he is a trend follower, but during the last 5 years …
I am not sure whether the manager of the recently closed fund Prudential Jennison Health Sciences, PRHSX, has tech background, but his fund was doing even much better than PRHSX.
Reply to @Hiyield007: So how about this great small fund that you discovered, MWCRX. I am intrigued by it. Do you trust its manager more? Does he do something very different from Gundlach, or he simply adopted a more aggressive version of Gundlach …
There is one particular fund which you may research: WARDX. It requires $1M if you do not want to pay large load, you can buy it at Scottrade, I believe. (One cannot buy it directly from Wells Fargo without an advisor...) It is essentially a copy (p…
Just in case if you are using Fidelity: Their definition of short-term trade changed from 6 months to 60 days:
"Fidelity will charge a short term trading fee each time you sell or exchange shares of FundsNetwork No Transaction Fee (NTF) funds held…