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@jlev, there are others here who would disagree and you can see it some of the portfolios but my rule of thumb has always been that I don't want more than 10% in a single fund and prefer to keep a fund family below 20%.
I'd also point out, howeve…
@msf, you're exactly right. Even though it doesn't work perfectly based on my past reviews, GPRIX is supposed to hold everything and then each of the other GP funds is just a different subset, probably with the exception of GPMCX although I've neve…
@msf, you're right about the fund but the question is how much reality should we suspend for a decision that isn't very realistic to begin with. There are other funds people would have chosen that are closed to new investors and picking a single fu…
Hi everyone, I'm 49 for another month or so and I have 5 kids ranging in age from 2 to 17. They have 529 plans that will hopefully cover a decent portion of college costs and I keep contributing, although the youngest 2 could be worse off if the c…
Considering that I'm just 31 i might go with GPMCX. Should check ages of its current team leader though.
Robert Gardiner has to be in the neighborhood of 60, he's been in the investment industry since 1981, but I guess he didn't start Grandeur Peak…
@hank, I love the logic about PRWCX and I try to do something similar, mostly related to asset allocation decisions but also each fund to some degree. For example, I've owned PRNHX for a long time and at $21BN of assets its way beyond, and has been…
If I was focused only on domestic and even if I wasn't I'd at least think hard about POAGX. I don't like nothing but the US but if I had to bet which funds of the ones I currently own that I'd still own 15 years from now that would be my bet.
I li…
It's not a bad choice but he dismissed a lot of possibilities without much consideration. It sounds like he started with the answer and needed to write a 300 word article (or whatever it is) to get there. If you've got 15 years then Schiller's CAP…
@Old_Skeet, thank you not only for sharing your portfolio and your approach to managing it but even more for taking so much time to answer questions and help me and others when we inquire. You've said in other discussion(s) that you measure your pe…
@BenWP, from reviewing SEC filings I believe the strategy changed in October 2015. At that point the only name change was to replace AllianzGI with Fuller & Thaler. The name change to explicitly include "Small Cap" happened at the end of Janua…
The Fuller & Thaler fund looks interesting but M* reports the fund was large cap blend at least through 2014 and only then became small cap blend sometime in 2015. From reading the annual report it sounds like it was an Allianz fund that Fuller…
Also NTF at E*TRADE with the same $100 minimum, institutional class not available, which I only checked because sometimes the minimum is a lot lower than published and I'd rather pay a transaction fee than the 12b-1.
@PBKCM, I'd kindly the request the link as well. IIRC you at least mentioned you're an Astros fan so good luck tonight! I'm a Red Sox fan so eliminating the Yankees makes me a fan, at least until next year. :)
@Ted: No question. I'm a very happy long-term holder of POAGX and they get a whole lot more right than most people so if they think United or the airlines are an opportunity I'm more than happy to take that chance with them. I just wouldn't be ver…
Primecap had a tough day with the airlines they already hold. The question, IMHO, is whether UAL is a value or not. Airlines have a very long history of not being able to manage the business cycle so when things aren't going well, especially durin…
Thanks @msf, I was assuming all the shares were sold at the same time but I didn't explicitly say that.
@hank, I believe in all of my accounts I have to choose how the cost basis of shares I sell is determined. At least in the 2 accounts I checked…
Each share or portion thereof has its own holding period so you're right that the 1st scenario is correct. The same is true with regard to dividends, so if Joe Investor reinvests a dividend that he receives in that first year and then sells before …
Eventually, the cost of missing the market boom will be so high that the holdouts will capitulate and buy in.
We all know what happens next. But we aren't there yet.
What do you pay attention to so you know when the holdouts are capitulating? …
I'm not a tax guy so please double check my understanding. It sounded like the transfer has already happened from the 401K at your wife's employer to her Roth IRA at a mutual fund company. If that's true I'm not sure how easy it is to undo it beca…
I've had the same experience with E*TRADE. I've rolled over or transferred 401Ks and IRAs several times over the last 5 or 6 years and every time I've asked they've offered me cash that matches the scale Maurice mentioned. IIRC there was one time …
There are so many derivations of this strategy that it's hard to keep track but there's not much that worked vs. maintaining equity exposure. But isn't the seasonal until November? There's still time, although the volatility this summer has been s…
@PBKCM, it's a very good point but I think you're leaving out a couple of points that I'd love to have your perspective on. First, as long as 20 cents of every new dollar in the stock market goes to passive and 80% of that goes to market cap weight…
@slick: Fantastic post!! I've always appreciated @Old_Skeet's discussion of his portfolio and sleeve system and this is right up there.
I have 22 funds and 16 stocks plus the cash in funds and that I hold in my IRA. I won't comment on the stocks …
I'll admit to the same confirmation bias as a disclaimer, but I feel like more bullish articles are being written and more media attention is being paid to the bullish case recently, whereas for a long time most of the attention seemed directed towa…
Do you keep track of which sectors its in each month? I don't but I think it has been Technology, Healthcare, Industrials and Consumer Discretionary for a while now and at least for most of the last 6 months. That's just my recollection based on t…
When I started reading MFO and participating in the discussion board periodically I felt like a lot more of the discussion was about investment ideas and specific funds. There's always been the banter back and forth between certain members and to s…
I've been disappointed with pretty much all things Yahoo for a relatively long time now. I'd prefer the free version of M*'s portfolios even accepting that M* isn't perfect either and if you have access to the premium version then it's winner winne…
There's nothing inconsistent between the types of companies managers want to invest in, or Buffett's approach, and the free market. It's actually the very nature of a free market. Those who compete well, have good ideas, and meet people's needs an…
Most of what I've read about housing is that it's pretty healthy. Starts for single family homes have been picking up relative to multi-family units and that's a good sign. The supply of single family homes for sale has been low and that's part of…
Hi @catch22 and thanks!! My $54MM was calculated in a ridiculous way that I didn't think much about at the time. As of a few months ago the BOJ owned roughly $144BN of equity securities. My $54MM would be less than 4 basis points as an expense ra…
That means they're paying something in the neighborhood of $54 MM annually in the expense ratio. Don't you think they could just do the trades for the individual companies themselves and come out way ahead? Why should taxpayers accept that?
There are at least a few people here who seem to follow rules-based strategies and be quite happy with them. It's been quite a while since some have posted. In some cases I think the comfort comes because the goal isn't always to beat the market. …
China would rather have a nuclear capable NK than an unstable one (refugees) or a united Korea that's allied with the US. I don't think Russia has any real interest in a united Korea either and neither one really fears the North, it's a distraction…
It seems Labor Day helped reduce the pain because the futures were down a lot more yesterday. The North Koreans seem willing to do just about anything with no restraint and Trump is clearly willing to say anything even if he hasn't actually done mu…
This is regulatory and "should" apply to everyone at every broker. I thought mutual funds already settled faster so this wouldn't affect them, but the email I received mentions them so maybe something is changing. I don't buy without cash on hand …
Thanks @Tony for your post and the effort to help us all learn about an area that has never been in my comfort zone.
I would be interested, and others might too, to know the objective of different technical techniques. For instance, my basic under…
