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.
"The fund also ranks in the top 1% of its short-term category for the one-, three-and five-year periods. While those results are impressive, the comparison is a bit misleading. The short-term categorization from Morningstar is merely a reflection of…
I don't see a problem with TGLDX, as a miners selection. Something I'm missing?
http://tocqueville.com/insights/john-hathaway-and-doug-groh-buy-gold-its-1999
Reuters reports the 27.5B figure for the fund:
https://news.fidelity.com/news/news.jhtml?articleid=201411041712RTRSNEWSCOMBINED_KBN0IO293_1&cat=Top.Investing.RT&IMG=Y
120B down, another 100B to go ....... to make it sanely manageable.
Ah, gee-wiz, that Prof. Snowball is such a hard grader and demanding taskmaster. And he won't grant fund managers unending extensions, and hold grades in abeyance, until they get their act together. Woe unto you if you get placed in his class sectio…
I don't know whether it's a case of great minds working in tandem, or whether David and I were walking thru piles of leaves at the same time and he "channeled" it to me. But several days ago I had happened upon the SEC speech to which David alluded …
@Tampabay
Happiness in FLA can only last for an hour at a time now? Geesh.... well, I suppose you could take it from there to some tony cafe veranda in St. Peters for a "pre-dinner" cocktail.
Isn't the proof supposed to be in the pudding? So far, all I've seen, and all I've found, is the pudding, congealed. That, and the sound that comes with it: the great sucking sound of money.... leaving the funds' accounts as it travels to management…
Imagine yourself a Japanese citizen, who has worked and saved as best you could your whole life, who is now retired and living on a modest but comfortable fixed income. The value of your nest eggs are being significantly devalued before your eyes; i…
All this "swooning" and "surging" in the financial press--- are they trying to make everyone develop cardiac arthymias? It feels like oxygen is leaving the room.
@Kaspa Wisdom Tree kicked a dvd? well, knock me ov-ah! Nice poke in the ribs, by the way (must be Fri.)
@scott Yep, timing is important for asset mgr. investments. Perhaps this one's time has come. And if one of their funds catches your fancy, it is…
@slick Are you aware of the shitshow that was the NYSE today?
http://www.zerohedge.com/news/2014-10-30/market-breaks-stocks-explode-higher-algo-triggering-headline
Oh yes, all those terribly chafed hands, from all that hand-wringing! What to do, what to do............ yackity yackity yackity yack; blah blah blah blah............ must be an election year............
Hi, mrc70: A couple of things
(1) what's up with the 2 global funds? What's your thinking with them in the mix? It looks like the rest of your portfolio, w/o them, more than sufficiently covers the entire global, and just about all the bases (and th…
Taking a cursory glance at this fund's basic profile numbers on the M* quote page, I see several things:
(1) once again, M* has placed FAINX in the wrong category, an exercise that should be so straightforward in this case that it would be considere…
tempting
but aren't they controlling owners in "defense" infrastructure companies, that subcontract (1) to build things like military bases (Afghanistan and Iraq) that Pentagon's IG noted were bloated grants that should not be accepted, even on a n…
@Charles If you haven't been there in awhile, you might want to take a fresh glance:
1. changes have been made to the blog; the ad stuff is still around--- I know what you mean--- but they aren't as numerous as awhile back and seem far less obtrusiv…
I dunno. It's like they've gone all-in with a "Chicago Pride" theme to their redesign. Maybe the Chicago Chamber of Commerce gave them some stock video gifs to use as they wished, and they weren't--- shall we say--- "tightly edited" for artistic mer…
And next week, all Medicare participants will receive a notice in the mail that their 2015 monthly premiums will increase by $10/mo, their office co-pay will increase by $5/visit, their cost share for many of the more commonly prescribed meds for se…
Dear BATS, I am overwhelmed with joy at your new addition. Meanwhile, have you given any thought-- serious, or otherwise-- to what happened several days ago, when the NASDAQ, at midday, had to stop all further trading of 150 stocks, for the rest of …
@Junkster
65% cash? Wow, dem's approaching nosebleed levels. Any higher and you'll move to the front of the line for a Barron's anointment as Cash King of Appalachia, or something (has a nice ring to it, dontcha think?). Yes, they're probably puttin…
@Old_Joe Why would NYC ban JC and scott? Did they say something especially inflammatory about Janet, Col. Klink Dudley, or another member of the financial politburo?
To whom it may concern: check out AMZN, after-hours; not good. A couple more bric…
European sovereign bond funds indexes, and some of the euro corp indexes, were moving around today like they were high-beta growth funds. Not nice. Wonder what's up with that? Perhaps European investors have become fed up with the local & long-r…
***** oooooooh, I's got spurs, that jingle-jangle-jingle, as I go riding mer-ri-ly along *****
http://dealbook.nytimes.com/2014/10/19/shouts-on-bond-trading-floor-yield-to-robot-beeps/
"Until last year, the work that Q.M.M. performs was handled by…
@scott
re. OAK. It's current price is o.k. but I'm thinking, sometime in the next 6 months, it's gonna be better, maybe at IPO price or even below. Nonetheless, many of their master funds are maturing and undergoing liquidation, contributing to curr…
@Ted
What, only one position?
I think you need a diversifier. Something more primal, red in tooth and claw, slathered in hot sauce (like Famous Dave's Devil's Spit). How about something like.....ummmmm........ Bain Capital! :)
@VintageFreak
Hey, VF, that big, thoughtful, eclectic lists of alt funds you posted recently in a thread--- did you get those punched into a separate watch list yet? If so, I've got a feelin' if you keep checking it once, and then checking it twice,…
http://www.riverparkfunds.com/Funds/GargoyleHedgedValue/Performance.aspx
"The performance data quoted for periods prior to April 30, 2012 is that of the Predecessor Fund. The Predecessor Fund commenced operations prior to the periods shown. The Pre…
Well, if it doesn't work out, it won't be their fault.
Q4, 2008
"We just did what our models told us to do; it was their fault." [my interpretation of their explanation for the horrendous performance, from a fund whose very design was suppose to pro…
Full fathom five thy father lies.
Of his bones are coral made.
Those are pearls that were his eyes.
Nothing of him that doth fade,
But doth suffer a sea-change
Into something rich and strange.
– William Shakespeare, The Tempest
[I think The Bard w…
@johnN
Hey, John, have you put a magnifying glass to passive EM ETF options recently? If so, anything compelling pop up? Last time I did this was last year (trying to get costs down wherever I could), and I came up with nothing, nothing that made me…
@Tampabay I think investing is slightly different: sooner or later, at any single point in time, there is a humbled ass for every available seat. And, in a long-leg-down market, it is a very willing ass, grateful to even have a seat to take; on the …
