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rjb112
Well thanks for all your great instruction and telling me about it.
To me the key is that the manger's investments be consistent with the fund's stated goal that caused us to invest in it in the first place. BB repeatedly says his first rule is not lose money. Digging a huge hole every couple of years and then takin…
To me the key is that the manger's investments be consistent with the fund's stated goal that caused us to invest in it in the first place. BB repeatedly says his first rule is not lose money. Digging a huge hole every couple of years and then takin…
That is the argument of indexers. It is indeed hard to find active fund managers who can beat the index over long term.
Yes, Bogle is winning a lot of people over to his viewpoint. And in a year like 2014, active funds are generally doing very p…
msf is very thorough in his answer. but a short answer would be "yes". for daily accrual bond funds -- all pimco's open end funds, vanguard funds, and many others (but not all generally) -- there is a daily interest accrual that is part of the dai…
@rjb112 Reversion to mean!
Could be Kaspa. The revenge of Bogle?
Kaspa, If that law is so strong, what's the point in even studying active mutual fund managers to try and find the best ones?
Something tells me this one headed to Supreme Court.
Charles I think those -50% one day losses we saw yesterday on Fannie and Freddie could just as easily be +50% and much more one day gains if the courts change their mind and rule in favor of share…
FAIRX year to date: -7.3%
I think it will go down a fraction more than 1% today, giving it a YTD of between -8% and -9%.
Sears had a big up day. Fannie and Freddie extended their sig. losses.
Getting in DFA funds (with an advisor and paying fee) is one thing. Getting out of DFA funds (getting rid of advisor and moving on) is something else. You will never hear Swedroe or other pro-DFA talking heads talk about the difficulty (and tax co…
I agree with those above. In addition I did not have a good experience with them and find them to egotistical and not nice people.
Were you investing thru a financial advisor? How did you get access to the funds?
Well if you like FAIRX and Bruce Berkowitz, you should like them a LOT more today. And see it as a big opportunity to buy your favorite manager and fund at a large discount. That's the value investing way. But I'm not sensing this........Surely F…
it wasn't... bond funds accrue daily dividends in their NAV, not like stock funds.
@fundalarm and other MFOers, in that case, the daily dividends increase the NAV?
Take a fund like the Vanguard Total Bond Market Index fund, what can change the NA…
If you are in the fund just a few days during the month your account is still credited end of month for the dividends on however many days you were in..........The other type of bond funds pay out their dividends during the course of the month and t…
What about the typical, plain vanilla bond funds that pay income dividends monthly, like the Vanguard Total Bond Market Index Fund, etc.
Does the share price drop by an amount equivalent to the income distribution [not considering market activity f…
I would love to have access to DFA funds. Would definitely invest in them. But I'm not willing to pay an advisor for access to them, even if that is the 50 basis points you mention. And the 200 dollars a month that you mention.....seems outrageou…
I used to own FAIRX, but could not afford the risk of such a concentrated portfolio.
@Kaspa, I'm in the same boat as you. I used to own FAIRX, but became uncomfortable with having 50% in one stock, and was not comfortable with the risks in Sears…
I know that this is a long shot, but is there a distribution today?
see above, just doing the math predicts a loss of a minimum of 8%, and -8.8% if you plug in what I did above for the preferred shares of Fannie/Freddie that M* doesn't list the ti…
M* seems to be behind on their quotes. Down only 0.64%
John, that is probably from yesterday. M* is still showing that. I confirmed the -9.6% on a brokerage website
Update for PIMIX / PONDX
---PIMIX, dividend of 0.05550 per share, declared on 09/30/2014
---PONDX, dividend of 0.05266 per share, declared on 9/30/2014
Yeah, but what is the ex-dividend date?
When was the NAV lowered as a result of the income comin…
Has anyone taken the Dimensional Funds plunge? I find myself wondering if I should go that route? The data for passive funds continues to mount but i am pretty happy with the cheap, superior funds that are out there now. Any thoughts?
mike
How woul…
Any more guesses out there? You can still log your guess until the actual FAIRX closing price comes out. We should be down a minimum of 8%, possibly even in excess of -8.5%. We don't have prices for a lot of the preferred shares, since M* doesn't…
Y'all reckon Fairholme will decline less than 5% today?
Looks like it may decline 5% today.....maybe more.
Place your guesses right here, before the market close......
@msf, a good piece of detective work you did. Good to know. I bet most of the shareholders in Harbor Bond and Harbor Unconstrained Bond invested there because of Gross. I recall many years ago, M* recommended people investing in Harbor Bond as a …
So will Bill Gross continue to be the manager of the Harbor Bond Fund and the Harbor Unconstrained Bond Fund?
Why would money follow Gross to Janus, when he is the manager of these two Harbor bond funds? Seems that Janus would not appreciate this a…
rjb112, not sure now where I saw the 65% rank. I must have been confused. Looking now I see PTTRX ranked 40% in it's category under 5 year returns. Still mediocre but not horrible.
p.s. why is the 'Rank in Category' data missing in your print?
Goo…
rjb, I think "Irs Aud" is "interest rate swap, Australian dollar," which may be effectively a way to hedge the currency risk of owning Aussie debt, which PIMIX has had as a significant position for a while. Somebody correct me on that, please, if it…
What am I missing? Why are people so enamored with Gross opening a new fund? Isn't this the same guy who has guided the PIMCO Total Return fund to mediocrity with some pretty bad calls in the last 5 years? Per M*, 65% of all intermediate-bond funds …
Wraps finally off Eaton Vance’s active ETF innovation
ft.com/intl/cms/s/0/c9e5c0e8-1c95-11e4-98d8-00144feabdc0.html#axzz3EklAhz3P
That Financial Times site is a bear when it comes to access. Wasn't able to read that article
This is the top holding of Pimco Income fund, at 8.24%:
Irs Aud 4.000 03/15/13-10y Cme. Don't know what that is.
And they have more than 7.5% of the below, which I suspect may have gone down today?
Nota Do Tesouro Nacional
What is that? Some Na…
It's really very simple - if you're a new retail investor, and you don't want to pay a load, you'll buy T shares. End of story.
Odd that the expense ratio on the loaded A shares is the same as the no load T shares.
Share Classes are A, B, C, D, I, N, T, R, S. Classes I (institutional) and N (not sure what it stands for) have the least expensive ratio. Class I is .84 and Class N is .82 I checked Vanguard and Schwab and they do not offer the classes I am intere…
Another fund with few stocks is Cobyx (I think) which is Cook and Bynum. Last time I looked at its website the fund was holding 8 stocks. Take COBYN and Fairholme and you can be a portfolio manager - - just keep up with their website postings and r…
