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.
And let us all remember that, as of 2 yrs ago, the name and methodology of the Buffalo Balanced Fund were changed significantly, and the fund now has a different objective. IMO, it is not accurate to fuse the fund's record prior to this change with …
@Ted He who hunts with the same dogs, and the same strategy, day after day, year after year, who becomes oblivious to changes in terrain and flora (and, more significantly, to changes in fauna), may one day be on safari and find he is no longer the…
@Charles
Glad you were able to enjoy the Coastal Trail on a balmy day. The last time I walked that beach, the wind almost ripped the clothes from my body! Where are you "camping"--- at Clint Eastwood's lodge? :)
@David_Snowball
I'll be looking fo…
@Charles Thanks, Chauncey G. For a rosier outlook, maybe I should be using whatever you're using; is it expensive? :)
Come to think of it, the smoke tree sapling I've been pampering for 5 years finally took off this Spring. Maybe I'm mismeasuring …
Considering your other holdings, and your concerns re. safety, I think the RiverPark fund might be the better way to go, for several reasons:
1. It would give you something you don't have;
2. Sherman probably will keep the fund's duration lower than…
Oh yes, those "lingering concerns" over economic growth. News flash: the second revision of Q1 GDP took the original, slightly positive number, down to almost -3%; because weather? The economy may be contracting. If Q2 is negative, the ghost will ha…
No need to get in a tizzy. Stay grounded, and let the price of things be your guide (not pundit hysteria, that is simply trying to get you to buy and sell and buy and sell).
http://alephblog.com/2014/06/25/a-few-notes-on-bonds/
@VintageFreak I se…
After announcing a crackdown on corruption in the banking industry, and recent stories re. problems with (over)hypothecation of PMs and commodities as collateral, there seem to be a lot of anecdotal stories recently about middle managers and traders…
DLTNX achieved its returns with a lower Beta and has a higher 3yr Sharpe (though DLFNX's is none too shabby).
Is DLFNX you sole core bond holding? If not, care to add a little spice? ADBLX YTD= 5.54%
Of course, you know if this lovely banter and recipe-sharing continue long enough, sooner or later someone will unintentionally use a TRIGGER word, someone will take great umbrage and bring the blow torch, and this inter-office e-mail discussion bo…
@AndyJ
Exemplary rigor (I am not worthy). I've been rather lax in not subjecting my recent "starter fund" to stricter scrutiny. As a new fund with uncommon methodology, due diligence would strongly encourage a closer monitoring, at least for a coup…
Someday, we'll go to this page
http://www.riverparkfunds.com/Funds/StrategicIncome/Overview.aspx
and there will be an additional grey tab, labeled: Distributions
and all harvested from the garden of RSIVX will be listed, including the Reinvest NAV.…
@steppinrazor 6/2/2014 0.0357/share
When mutual funds are "slow on the draw" in posting their dvd distributions (and some, e.g. TRP, are notably slooooow), I simply go to fidelity.com and use their Quotes tool (see drop down menu under Re…
More on what the concern is about, articulated by Peter Schiff. Bond investors, take notice.
http://www.zerohedge.com/news/2014-06-23/feds-too-large-too-illiquid-bond-trap
What do you imagine the rate on your mortgage loan will be if you take it out 2 yrs from now, versus if you take it out 5 yrs from now? What will your monthly payments be to service that debt? Not knowing your financial situation, but assuming your…
Well, that didn't take care of it, but then I noticed, waaaaaaay down in the lower L-hand corner, the number "2". Is it possible to write 2 pages of comment? Perhaps, so I put cursor at the end of the last line of text, and hit Delete---again and ag…
@Junkster Did you have ice water injected into your veins as a newborn, or did you have that done later?
p.s. I live in Carson City, less than 15min drive from the eastern crest overlooking Lake Tahoe, 30min from Desolation Wilderness, and 60min fr…
What is this "global home" of which they speaketh, and where do I find one? Must be a special kind of place.
To the Greater Fool, we can only say, "Come on, come on in, the water's fine."
@Puddnhead I'm tinkering (mentally) with a discussion board post on this subject, something I stumbled upon several weeks ago that could work for those who would prefer an investment in this area outside of the racier fare that so many seem to go f…
@STB65 This is a pretty good article on defined mat bond funds. You should use it to start a discussion topic on them, see what others have heard about them, maybe even what others have experienced with them.
As for the downside protection, I would…
Awwwwww, no, say it ain't so, re. Third Avenue. I just felt it in my bones it wasn't going to be limited to a single fund but was hoping the vibe was wrong.
Sooooo, where does that leave us? "Hanging" (open to all meanings)?
@David_Snowball
Did Art…
@mrdarcey Thanks for that. I wouldn't have expected, esp. given @jlev notice that they had also changed the symbol, as if to make it crystal clear a fundamental change in modus operandi were henceforth in place. Are you sure you're looking at the …
@VintageFreak
Oh, so you have decided to pull the plug on the Calamos fund.
Just brainstorming here---and this would take a bit extra due diligence--- but why not just cobble together several funds to get what you want? We've been waiting a long ti…
@Dex Me too, but if we are to lean, let us lean in a measured way and not get too extended with our committed capital. :)
I posted a couple on this subject recently, but few picked up on it:
http://www.mutualfundobserver.com/discuss/discussion/14…
It is often well and good to re-interrogate analysis, and former conclusions drawn from it, to see if Mother Time has played a trick on you, or if something to which you gave greater weight in the past has proven to be not so very important. Chew th…
@jerry
re. step1. Yes, PLEASE. And if it would not be too much to ask, could you or one of your insider contacts get that going sometime before summer's end? A return to a more fundamentals pricing policy would be greatly appreciated. Thanks in …
@David_Snowball An interview with M. Hasenstab appeared in the FT yesterday. There is more substance in your synopsis of his talk than in the FT article. Is that because you are more attentive, or a better transcriber, or because M. Hasenstab just…
Ah, well, that gives me a little relief, hearing that you've heard some of the things others have done that will probably end up being unwise. I'd have to go to a second hand, and maybe to a third, to count the number of people in the last couple of…
I cannot believe no mention was made of the Motley Fool Chimp Portfolio of the late go-go 1990s--- the first and only experiment (to my knowledge) that proved, empirically, Burton Malkiel was RIGHT! At the end of the trial--- how long did they run i…
This is a better explanation of what the Fed Reserve is concerned about (an unexpected liquidity event), but also discusses the unintended consequences (to bond investors) of an announcement that a blocking gate has been created:
http://davidstockma…
@rjb112
$439---"like" wow. It wasn't so long ago (or was it?) that I recall a $100/yr rate. I had no idea. I dunno, for what you get--- would "deplorable" be too harsh? At some point, the little indignities stack up until .... change is required. [I…
Why David, how can you question their sincerity, how can you harbor any doubts of their abject devotion to your financial well-being?
Move toward the light, David, just move toward the white light.
"Client solutions"
Manage "client dynamics"
Why …
As for the article..... though most have had uninspiring returns (agreed), the article's claim rests on the 3 biggest ones--- PIMCO's, and two others run by criminal banking syndicates. It does not note several diamonds in the rough. e.g. my Scout U…
I haven't thought of EVBAX/EVBDX as "unconstrained". I think there are boundaries placed on what and how much they can invest in certain places by prospectus (fundamental), so I've thought of it like LSBRX--- an aggressive multi-sector with global r…
