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.
Matt,
For me the attraction to Primecap is low expense ratios, low turnover, they seem to do a reasonably good job of closing their funds and I personally like that they're not out for a lot of attention or publicity. Of course their returns have …
The previous webcast is available on DoubleLine's website so I assume this one will be also. During the webcast they mentioned 3-5 days, not specifically related to making it available on their website but for sending it to people who requested it …
Indeed, fascinating! It makes me want to pay everything with cash and have all my bank accounts in strange places that no one thinks are interesting to hack.
I had ONE stock that was positive today by a small amount, all other stocks and every fund was red (my funds are all equity funds). Ugh! Luckily I'm also short the Euro futures and that helped a lot today.
I listened to his webcast but didn't listen to the CNBC piece so sorry if I'm commenting on something that was already addressed there. However, he also said he doesn't necessarily think the dollar's strength is done, so by extension if stocks cont…
Now if they'd just launch the Frontier Emerging Markets fund so I could see what they plan to do with it I'd be happy :). They keep filing updated registration statements right before the effective date to delay the fund more a month or so.
I know the whole category problem with not enough funds to create a separate one, but sometimes I feel like funds such as WAFMX, HLMOX and HSFAX shouldn't be in the same group. They are Frontier Markets funds and although I'll also admit there's ov…
In the last few weeks I bought GBP vs. both the euro and the yen. I sold WU, which finally hit my target price after 2.5 years. I added to HEDJ. Early in the month I reduced MAPIX and PTSGX roughly when the S&P hit an all-time high. I curren…
Most of the time I just sell when a stock hits my target but in a few cases I haven't had something else that I wanted to invest in or I had a strong belief that the stock would continue up. In those cases I set stops initially to protect the price…
I think the trade-off is a bit more than time vs. money. What we have is a limited amount of resources, and both time and money are two of our biggest resources. I think, and this is where I think the real complexity lies, that what we all try to …
Interestingly, if today was the end of the quarter and they were to pick the portfolio today you'd end up with most of the energy names you mentioned plus 4 healthcare investments (Baxter, Merck, Amgen and Actavis). The energy names aren't a big su…
I like MEASX also but make sure you understand its not only 90% emerging markets but half of that is frontier markets. I don't know the answer but I'd check the collection of Matthews funds, look for overlap and consider whether there's any opportu…
Years and years ago my Mom, who was a teacher, tried to convince my Dad to buy Apple because all the computers in schools were from them. My Dad bought an original Macintosh in the mid-1980s as our first computer but he refused to buy the stock an…
I've thought about this a fair amount for years and I'm not sure I've come to any valuable conclusions but here's what I've decided. First, I think there are different kinds of "hacks". The most frequent being that you get an email or download som…
I actually think the difference of opinion between @Ted and @Old_Skeet is a good illustration of the reason why it doesn't make sense to generalize things like the number of funds you "need" or that you should "have". Not everyone has the same obje…
I did a rough estimate the other day based on fund flows. Using the management fee for Gross's old fund, which may not be a totally accurate basis for estimating across the board, they've lost something in excess of $400 MM of annual management fee…
Hi Pop Tart,
Like kevindow I think we're just at the beginning of QE for Europe, I think it will continue for a long time and I think the Euro will weaken and European stocks will do well all along the way. My preference is HEDJ because they only …
So even if you believe in the value premium, shouldn't this outsized difference start reverting to the mean at some point? I'm not sure why now would be that point, but the difference is so big for so long that at some point it seems like any self-…
Actually going back to the drachma might help Greece. They would default on their debts and transfer all those problems to the rest of Europe, but mostly the Germans!, and the IMF among others. The drachma would depreciate significantly and touris…
Not only has he been right much of the time, but he's fundamentally smart and psychologically wise. I'm on the wrong side of his interest rate prediction and I'm staying there, but I won't be surprised if he's right and I won't hesitate to follow h…
Thanks @scott, that makes sense to me. I had a global trading account and I had to do the same thing. I had to convert my USD into whatever currency, then I could trade on a foreign market and if I wanted to take my money out of the account I had …
The trade has been crowded for a while, but that $20 billion is not betting against just one currency. Probably most of it is betting against the EUR and Yen, but there are other currencies people would hedge against the strong dollar. IMO the Eur…
Does anyone know how often funds actually eliminate their expense waiver? I have never researched it at all, but I wonder if most funds extend their expense waivers until assets grow big enough that its not needed anymore. It would seem like bad m…
@BobC, you may be right that AEP needed a breather, but the stock lost approx. 4% on the day of the jobs report when thoughts about interest rates were changing. I don't think you can reasonably argue that the pullback that day, and possibly the co…
The problem is that Germany needs Greece and the other not-so-stellar economies to keep the EUR weak and their export driven economy humming. The Greeks would probably be better off overall by leaving the Euro. Europe needs to reform generally and…
@Old_Joe, the same lab has a door labeled "4 out of 5 ? recommend" :)
Salt isn't bad for everyone, I have low blood pressure and my doctor's always said my tendency to abuse salt is probably helpful. Its certainly not causing a problem.
Altria i…
@Sven, @catch22, I love my 15C!! It must be almost 30 years old by now, which amazingly isn't much older than my North Face ski pants and jacket that I still wear every winter and love (OK, they might only be 20 years old)!
@kevindow, thanks! I've been looking at global infrastructure for a while and just haven't pulled the trigger, partly because I've been trying to focus my investments recently on specific exposure to Japanese and Euro area stocks with a currency he…
@kevindow, I agree with you, I've received great customer service from Fidelity and I think their trading platform is good. I wasn't intending to 'complain' about them, rather just to highlight something to be aware of.
Apparently there are diff…
@kevindow, sometimes you have to be careful about Fidelity with loads and transaction fees. The information they show suggests (strongly, IMO) that the load is waived because you pay a transaction fee. When I was interested in David Iben's Koperni…
I'm not a huge fan of stock buybacks but I find the connection to income inequality and hurting the lower or even middle class pretty tenuous. It actually seems like the author of this article started with a conclusion that he wanted to increase re…
I would play! Even with the tiny chance, for a chance at 9 digits, I'd certainly be willing to risk losing 100 percent of my $2, or even $10 for that matter.
And that's the problem with a lot of news. It comes full of opinions presented in a way that leads people to have political opinions, Fox News on the right and most of the others on the left.
But aren't we all at fault? We listen, we allow our …
