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rjb112
Well thanks for all your great instruction and telling me about it.
"Does anyone out there own FPNIX?"
Yes. Not a lot, but I'm considering increasing my position. It's a very unique income fund in that I don't believe it has ever lost money in a calendar year while managed by FPA, which IIRC is 30 years. Their f…
By the way, the VIIIX mentioned above normally has a minimum of $200 million to get in! In the 401k plan, there is no minimum at all. VBTIX normally has a minimum of $5 million to get in: no minimum at all in the 401k plan. So I think your compan…
I think the possibilities are almost without limit. Your company can probably work out whatever they want in there. There are tons of possibilities that are not possible in a regular Fidelity IRA.
For example, I have a company 401k with Fidelity a…
Thanks very much JohnChisum . Much appreciated. I was able to erase the post, and then type in the word Delete where it required something to be typed.
MarkM: Thanks. What is Jim Stack's performance record? I know the Hulbert Financial Digest tracks him closely, but I don't subscribe to that. What was Jim Stack's performance during bear markets, such as March 15, 2000-October 2002, or October 20…
I just sent an email to the fund, asking them for an email address and point of contact where I can express my concerns either to the Board or David Winters
MarkM: I'm going to rethink my asset allocation and asset allocation plans/strategy in light of this article. And take a more serious look at John Hussman's articles. In the past I've not taken Hussman seriously, due to the poor performance of his…
@jlev : thanks very much. Appreciate that.
@VintageFreak: I also got in at inception. And like you, I'm sticking it out, but will continue to monitor. I was extremely happy with David Winters as the manager of my Mutual Beacon Fund. I felt he…
How about somebody write a letter to the board at Wintergreen?
@Charles:
1. What address/email address do you suggest sending it to, and how would you suggest it be done to have them actually read it and not get totally ignored. I'd be willing t…
Thanks Ted.
This is a remarkable article. Deserves attention, thoughtful analysis and discussion on MFO.
Barron's is nuts with respect to the title and subtitle they gave:
"GMO'S Jeremy Grantham Remains Bullish on Stocks"
"The famed investor sa…
The post didn't come out quite right......got mixed in with the quote.
What is Jim Stack's performance record versus an index fund such as a low cost total US Stock Market index fund, or S&P 500 index fund?
How did he do in the bear market fro…
Hi Guys,
Perhaps this is the logic that InvesTech’s Jim Stack uses in his multidimensional set of market direction criteria. He adjusts his portfolio holdings incrementally as the various signals penetrate their threshold levels. I do buy into th…
I expected FAIRX to be down quite a bit. FAIRX only went down -0.02%. AIG (+1%) didn't help that much even though it was featured in Barron's this weekend. Weird.
It works out when you take each stock's weighting and each stock's 4/28 performance…
@bee: A managed payout fund could add to the discussion. Example:
Vanguard Managed Payout Fund (VPGDX)
Product summary/Fund facts:
"The Managed Payout Fund is intended to supplement an investor’s retirement income by paying a monthly distributio…
@Scout: Does it make sense based on yield and expense? I do live in California.
Fund Notes:
Expense Ratio: 0.57%
7-Day Yield:
As of 04/24/2014 0.01%
The fund invests principally in high-quality, California tax-exempt securities with maturities of 3…
"However, my confidence in this institution is now shaken to the point that I now question the wisdom of dealing directly with fund houses for IRA monies as I have always done in the past, rather than perhaps utilizing a big brokerage account as I k…
@cman, why do you suppose Vanguard decided to put an allocation to their Vanguard Total International Bond Index Fund in all of their Target Date Retirement Funds as well as their "all in one" funds? Target Date Retirement Funds are probably going …
An equal basket of TIPS, intermediate US treasuries, short term corporate, GNMA, corporate high yield, and national muni high yield is as close as I have experienced to a "permanent" portfolio for all market conditions and without worrying about i…
etf.com/publications/journalofindexes/joi-articles/16017-global-value.html?fullart=1&start=8
Mebane Faber article on Global Value.
Contains most of the best information in his book in a much shorter version.
Just finished his book Global Value (Kindle for PC).
I was impressed with the book.
He says that the U.S. stock market is the most overvalued stock market in the world now, based on the CAPE ratio. The CAPE for the U.S. is roughly 25.
He says tha…
Javelina: "ETFs rarely throw off any income or gains."
They do 'throw off' (distribute) dividends, for example if it is a stock ETF, such as VTI, VOO, IVV, etc. They have to distribute the dividends. But they only rarely have capital gains to dist…
Yes, very interesting. And it seems that Mebane Faber is doing something that John Templeton used to do, that is, find undervalued stock markets around the world. Robert Shiller was on WealthTrack a few weeks ago, and said that he invested in I b…
They didn't do a very good job with this list.
They left off VOO, the Vanguard S&P 500 ETF, with an expense ratio of 0.05%.
They also left off VTI, the Vanguard Total US Stock Market ETF, also with an expense ratio of .05%, even though they incl…
@Mark/@Charles: Thanks. I just downloaded both of them to Kindle for PC.
But I'm not familiar with Mebane Faber and haven't read anything by him.
What do you like about him?
How has his information influenced the way you invest?
I see he's got an…
There is a "gross expense ratio" of 5.27%.
Definitely would want to explore that to understand what's it's all about.
The .pdf lists 3 expense ratios: Capped, Total, and Gross.
The capped and total are clear.
How well can a fund do longer term with …
Never heard of it. I'll go onto Morningstar and take a fresh, unbiased look. $33.5 MM in assets; 5.75% load; 1.33% expense ratio; TTM yield, an astonishing 8.54%. There is nothing listed under the 30 day SEC yield in Morningstar. I looked at the…
