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@MikeM, I'm using DBC, mostly for its liquidity but I also appreciate that it caps energy's representation at 60% IIRC. The expense ratio is higher than I'd like but the liquidity is more important for how I'm using it.
Down 0.1% YTD with 72% equity, 18% in a commodities etf and about 10% cash. I've been back and forth between commodities and equity twice this year but otherwise no trades. POAGX is my best position +11.4% and its a sizeable position for me wherea…
For me, POAGX has been the most pleasant surprise, up more than 11% YTD even considering two difficult months for equities. It did much better in January's rally and has provided strong and mild positive results during the difficulties of the last …
@msf, thanks for the explanation, you made it a lot easier to understand than the stuff I've read about the function in Excel. The difficulties I've had with IRR have been when I was testing a wide range of possibilities, so there were tests where …
@bee, sorry if I'm skirting the topic a little but I would prefer to consider your question from an overall perspective rather than just the annuity, which is essentially what others have suggested as well. I would start with the money you currentl…
I'll give it a shot...
The fund currently has $5.2 BN of assets. I think the costs involved in buying and selling the actual stocks or an etf that holds the stocks would most likely exceed the "cost" of the swaps when you'd have to buy and sell mo…
...after all that why not just own VTMFX:
Precisely bee!!! VTMFX or any other well managed balanced fund will out perform 95% of these magical alternative funds over a cycle.
Maybe @PBKCM would give us some insight on what might change the graph in…
The funds Larry mentions in this article are not available to the public. Does anyone know how to access them?
Not only are they not available to the public but they have hedge fund-like restrictions on your ability to withdraw capital and a limit …
It doesn't sound like the policy is really changing for anyone who's reasonable and that's nice because, you're right, it was one of the best reasons to shop there.
I looked once and decided it was better to focus on more important things in life. Compared to the last 12+ months these were big losses but compared to what's historically normal this has just been a few bad days.
I looked once and decided it was better to focus on more important things in life. Compared to the last 12+ months these were big losses but compared to what's historically normal this has just been a few bad days.
@LLJB: is a Grandeur Peak US small cap fund a pleasant personal idea or is it something you know has been discussed and planned by Grandeur Peak?
@Ben, this from David's commentary roughly 6 months before Global Micro Cap and the Stalwarts funds we…
I'm holding too. I dumped FSCRX and bought MSCFX last year as Myers' retirement grew closer and I normally give funds at least a few years to make me happy before I'd consider dropping it for another. What I've been hoping for, for a number of yea…
One of the things that might have caused some issues was I think they had an enormous inflow of assets, probably during the credit crisis, and then most of those assets left afterwards.
I also know the fund has its own somewhat more sophisticated t…
Maybe its not easy or possible to follow the fund's strategy precisely but its most certainly possibly to follow Harry Browne's basic Permanent Portfolio strategy at a much lower cost. I tend to think there's a time and a place for almost everythin…
It would be interesting to know his active share because for the last 10 years he's more or less hugged the S&P 500 the whole way. My guess is he has a reasonably high active share but his returns during the credit crisis were very similar and …
If you believe Jeremy Grantham in his "Bracing Yourself for a Possible Near-Term Melt-Up" that Ted posted separately, I might consider just buying a passive etf like IJK, MDYG, VOT, RFG, whatever your preference is, because when the end finally come…
Creative thinking is necessary.
I don't have any reason to doubt what DavidV or this person suggested but I'd look hard at the budget. A 4.8% consistent real return gets easier if you're able to reduce the costs in the beginning and allow the a…
@msf, WOW!! Never knew that. I guess it doesn't matter a whole lot because we report what's on our 1099 and while I do try to check accuracy you'd hope brokers and fund companies know what they need to include far better than I do. Thanks for the…
The payable date for DSENX is 12/29 so it doesn't matter when a broker gets around to posting it or anything else, its taxable in 2017 and it should/will be included on the 2017 1099. If a broker does things correctly it should be included on your …
That is a significant departure.
I agree and I've owned it for a number of years. It's leading M*'s Global Real Estate category in pretty much every time period. Anyone have any recommendations for an alternative? Based on what I was able to scr…
I've also held MAPIX for a long time, since its Andrew Foster days, but I reduced it a few months ago, in part because I originally bought it for exposure to Japan. It currently has even more exposure to China, which I get plenty of in other funds.…
I've been both rebalancing (mostly taking tax losses as I'll rebalance gains in Jan) and getting rid of individual stocks that I've concluded (its about time) I don't have enough success with. Most of the stocks were energy related that I tried to …
I might take a poll and then lean the other way than what most people predict. "The trend is your friend" is probably as good advice as your going to get but when trying to predict a specific year your chances are probably not much different if you…
@msf, your point is well taken. As I at least have learned from MFO, it would have been smarter for me to focus on taking the one with the least negative volatility since that's what we're more sensitive to. Nonetheless, there's no doubt in my min…
The only reason I see to differentiate between income (dividends) and appreciation is sequence of return risk.
If you invest in a bond, you know that you will receive that same interest payment, month after month, regardless of how the price of the…
I can also update a prior discussion to confirm both the institutional and R-1 share classes are now available at E*Trade. The R-1 shares are NTF with $100 minimum while the institutional shares require $250K and carry a transaction fee but the exp…
@openice, thanks so much for the summary!!
@Ben, your question is one I've had as well. I'm a shareholder of 3 of their funds, both directly with them and also through my brokerage account. In this case I received an email about the call but th…
Same thing for TDVFX- down 19.29%!! Of course it has to be a distribution but I haven't seen any estimates on their website and the percent is a bit shocking. Ugh!
If I were you I'd probably report the problem to Lyft and maybe even the police, or threaten to involve the police if necessary. Presumably whoever was making these charges will use Lyft again and that's when they should be questioned and/or appreh…
Isn't it strange that someone would steal credit card info and then only use it for paying Lyft charges, and doing that for 2 months? It sounds like an unfortunate mistake compounded by a strange coincidence that your wife's statement arrived late …
Another guy writing stuff that's misleading, probably because he doesn't understand it. Do an instant X-ray on the 4 sector etfs in the fund and you'll find out it is NOT a value fund. I haven't tried to test that over its entire history but I'd b…
@hank, I have the same issues with cash flows and there are 2 ways I deal with it. In a simple world where there's only one instance, such as your real estate sale, you can take the gain for the year and divide it by the beginning of year balance p…
I don't think this is a 'challenge' at all and in fact I think it supports this theory. I understand Gundlach as warning that investors are too interested in bonds that have interest rate risk and they most likely don't understand what will happen …
https://allocatesmartly.com/
@MikeM2, do you or does anyone else subscribe to this site? I'm always conflicted because I generally believe timing the market is a fool's game while at the same time I'm constantly attracted to the idea of trying to d…
@MikeM, the TGT buy was an add on to an existing position and may just end up as a trading hold. Your right, it was a pretty big one day drop and I believe that the shares will remain volatile at least in the short term. No doubt Amazon has clout bu…
Most market crashes have a trigger and in a lot of cases that's unexpected. The economy both in the US and globally is doing reasonably well and appears to be picking up. Even the skeptics accept that a recession isn't very likely at the moment. …
I'm a fan of QUSOX but its only 50/50 Europe/Asia. I'm also a fan of OBIOX, which is 57% Europe but its hard closed.
Wouldn't you generally think that most big European companies are global in nature and would not only reflect their global prospec…