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rjb112
Well thanks for all your great instruction and telling me about it.
Does this give anyone on MFO confidence in Bruce Berkowitz and the Fairholme Fund?
Bruce Berkowitz seems to me to be a big risk taker. All his talk about "rule number one is don't lose money, Rule number two is the same as rule number one".....cou…
Dow up moderately, Small-caps down significantly. Huh?
The Dow is a poor representative of the performance of the total US stock market, with only 30 stocks, especially over short time periods like one day. It actually does a pretty good job over …
I've read that the initial public offer price for Alibaba shares may be increased before the IPO due to such strong demand already.
That's what Jim Cramer has been saying. He seems to be a big fan of the IPO at the original price of $60-$66, but …
Whatever you do, don't buy the Class C shares. Those poor folks obviously don't know what they are getting into. See below:
Hmmm......I think I'll buy a fixed income fund with an annual expense ratio of 2.87%.
Sounds like a great idea.
Oops, …
https://www.virtus.com/individual-investors/mutual-fund-details?id=8564#tab_performance
The dreaded LOAD word.....
2.12% annual expense ratio for an income fund? Is that acceptable, when the yield on the 10-year Treasury is only 2.6%?
OK, it g…
Thanks for your helpful comments, Junkster. I'd just assumed VWALX was in the High Yield category because of its name and e.g. YTD return, and although I know it's not at the top of the High Yield category, I thought that was because it's more cons…
Maybe I shouldn't admit it but I have a subscription and he tracks the recommended exposure to gold as well as stocks and bonds amongst newsletters that provide timing advice. In total he tracks more than 500 newsletter portfolios, some of which pr…
OSTIX is a no-brainer for folks looking for decent yield but very low volatility. Current duration is less than 2.0 years. Manager Carl Kaufman's track record is one of the best. With only150 holdings and only one-fifth the size of DLTNX, this is …
As someone who use to frequently put together various charts for presentations, I would never have used the same color in 4 out of 8 categories. Perhaps the person at FPA is color blind.
Looking at their circle chart and trying to figure out what as…
So you need the AIP in place to make it work for a taxable account? Would have to look up the details of the AIP. I assume you set up a 'minimum' amount to invest automatically, and then can you add to that whenever you want?
Let's look at Vanguard's most important index fund, the Total Stock Market Index fund. Admiral shares: VTSAX. Exchange traded fund shares, VTI.
Their performance is almost identical.
That tells us a lot.
Lot of funds have "cash" position in treasuries. And M* needs to be consistent.
But M* does not say "Bond" for FPIVX, it says Cash. FPACX owns several different treasury bonds with lower yields, i.e. more conservative, and M* says Bond.
@VintageFr…
BrianW:
Total PercentileRanking (09/08/2014)
1-Day 98%
1-Week 99%
1-Month 99%
3-Month 15%
YTD 72%
1-Year 99%
3-Year 99%
@Ted, what website did you go to for this? I checked Morningstar, and they are not listing Percentile Ranking for t…
I'm transferring my holdings directly to them in order to continue to accumulate. We'll see how it works out.
@mrdarcey and MFOers, I'm under the impression that if one only owns this fund in a taxable account, it won't do any good to transfer tha…
FPA Crescent has high cash stake too. M* is all messed up saying it has 46% bonds when a lot of that is short term treasuries.
VintageFreak, for FPACX, below is how M* lists those Treasury holdings. You don't want them to list that as cash, do you…
He moves from Latin American stocks to extended duration Treasuries, with a 25 year duration? If the interest rate on 25 year Treasuries were to go up 1%, the principal/NAV would go down by 25%.
This Moose is no stranger to risk. Latin American s…
For small trades, the ETFs are OK. But for larger trades (say 50K or more) the mutual funds are better because there is no bid-asked spread.
@MOZART325, I'm not 100% certain that the index fund has the advantage there over the exchange traded fund. …
Another reason to buy a Vanguard exchange traded fund is if you are doing so from an account at Fidelity, Schwab, etc etc. At Schwab, you might pay $76 to purchase a Vanguard index fund, Admiral shares, and less than $9.00 to purchase the same exac…
....... should I move on to other real SCV funds?
Not sure what you mean by "real" in "real SCV funds"?
This fund is not going to perform like the category of SCV funds, as I don't think it has much in common with them. This fund is definitely a …
But with 75% in cash, this fund still lost .53% today in a slightly down market. Did I miss anything here with this fund, or should I move on to other real SCV funds?
With the unique holdings in the top 10, I wouldn't assess it on the basis of how…
But with 75% in cash, this fund still lost .53% today in a slightly down market. Did I miss anything here with this fund, or should I move on to other real SCV funds?
Here's why the fund lost .53% today even though it is 75% in cash.
BTW, I'm not…
Agree. Paul McCulley is easy to understand and speaks very clearly and plainly.
Unlike that of Bill Gross, who is usually somewhat difficult to understand.
Is there a LC index fund?
There is an index fund VINIX.
That fund has an expense ratio of 0.04%.
Not a typo. 4 basis points.
Below is the performance, and the performance of its category, large cap blend:
The sharks run fast in the retirement funding industry. Their prey is the worker with no knowledge of the subject of investing and there are plenty of them sadly.
Yeah, and how can you blame the worker? Investing is not taught in the schools as…
Hate Motley Fool, although I gotta say, FOOLX has done better than I'd thought it would.
When they came out with FOOLX, Motley Fool had a lot of persons angry with them, because the expense ratio was sky high. They recently lowered the expense rat…
with high fee funds but the reps from the insurance company said there were no fees attached. I believed that somehow those funds still got their money in the end. Nothing is free.
When you say "high fee funds", is that high expense ratio fund, or …
@MikeM Who am I to begrudge another man's generosity, even when it comes less from a new-found agape for mankind and more from a residual EPO-like high that's lingering from his recent jauntings in the Appalachians? ;)
MFOers, EPO is not the latest…
Yes, believe it is now on par with Motley Fool...maybe worse.
Can't stand all the Motley Fool advertisements I see.........e.g. "The end of the Internet" and a zillion more
3 weeks' public notice. Fishy.
Seems to be the way most corporations do things. All veiled in secrecy. Don't ask, because you won't be told why xyz happened. Why did this person leave the company, when he seemed to be a pillar of the company? W…
IIRC, William Bernstein recently wrote a very small booklet titled "If You Can", and it recommended equal amounts of 3 mutual funds as a total portfolio: Vanguard Total Stock Market Index fund, Vanguard Total International Stock Market Index, Vangu…
@Sven, I just test traded EVBIX again in my Fidelity SEP-IRA, and the minimum I see before placing the trade continues to be $500 + TF. Perhaps they have different minimums for specific retirement accounts.
Kevin
@kevindow, thank for the clarifica…
I do miss the good shows of the past. Louis Rukheyser was one.
Louis Rukeyser's show was the very best.
You could always count on him to have some of the very best guests each year, such as John Templeton's annual appearances.
One show he had b…
@Dex, @heezsafe: What effect do you think the end of QE in October will have?
And the expected raising of the Fed Funds rate at some point in 2015, sounds like you must doubt that?
I'd guess they miss Maria. CNBC has been on shaky ground for quite some time. As cable networks lose customers so goes CNBC.
I miss seeing Maria B. on there. I don't receive the new station Maria moved to, which is Fox Business.
@Ted: thanks. Good article for those of us who want to keep up with Third Avenue Value and Third Avenue Small Cap Value. Marty Whitman is a legend, but perhaps he didn't pay enough attention to training and finding great people to take over for hi…
Another big change.
I guess this guy Robert Chip Rewey has really impressed the people at Third Avenue.
A very significant departure of Curtis Jensen.......
"Robert “Chip” Rewey, III, CFA, currently Lead Portfolio Manager of Third Avenue’s flagsh…
