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.
@Old_Joe He who hides or stays away.... may have some dollars to play another day. Or something like that. On the other hand, just a small bust, next to the ostentatious mausoleum I plan to have erected to hold my less than sacred remains, would be…
For the time being, it feels to me that European traders are extremely displeased about something(s) and are starting to express it. I'm thinking we could get a great European buying opportunity into a very large and developed economy, one that coul…
These will—like the first batch of Hancock ETFs—track indexes developed and provided by Dimensional Fund Advisors, which is also the subadvisor for the funds. The methodology targets stocks with smaller size, higher relative profitability and lower …
@bee
Yes, some here have some familiarity with them:
http://www.mutualfundobserver.com/discuss/discussion/23844/smart-beta-in-etf-structure-the-j-hancock-dfa-way#latest
And may God, or someone with higher powers, help these parents and "offer them counsel"!
http://www.newser.com/story/222667/pushy-parents-ruin-egg-hunt.html?utm_source=part&utm_medium=earthlink&utm_campaign=rss_topnews
@msf Is this how DFA mitigates tracking error accumulation? (and have you ever seen DFA data for tracking error of their funds? I would bet they do calculate it, so they can monitor if they are avoiding it, but perhaps they keep the data in-house?)
…
And the analyst who was most involved with the Valeant investment now departs as well (though Sequoia won't say who, the prime suspect is analyst Rory Priday):
http://www.bloomberg.com/news/articles/2016-03-24/ruane-cunniff-analyst-who-helped-champi…
@Derf MSCI has been changing their indexes around quite a bit the past couple of years, and if they continue the trend then their indexes won't be very useful as benchmarks for anything, IMO. Nevertheless, JoJo26 is getting warmer and is probably as…
A pretty amusing take on "improper conduct" from Bloomberg's Matt Levine:
http://www.bloombergview.com/articles/2016-03-21/valeant-sold-some-drugs-twice
when you accuse your former CFO and former corporate controller of "improper conduct," you prob…
The Osterweis Fund (OSTFX), a concentrated stock fund, had close to a 5% position in Valeant last Fall, a position they'd held for over 7 years. When the story no longer passed the smell test, they didn't hang around, dumping everything in late Octo…
More, for those who simply cannot turn away from watching a dumpster fire:
http://www.valuewalk.com/2016/03/valeant-pharmaceuticals-trading-halted/?all=1
If the reorg is approved, and if you invest directly with Chartwell instead of thru a financial intermediary, there are a few notable nuts-and-bolts that will change [these are items that popped out as I did the quick read-thru; probably not compreh…
@bee Your link somehow became corrupted; it brings the clicker back to this page. Nevertheless, I did find it, indirectly, via a posting of the article on Seeking Alpha, here:
http://seekingalpha.com/article/3869296-60-40-stock-bonds-portfolio-marke…
@msf You got a proxy badgering already? Geez, I know my sense of Time has been out of wack recently, but didn't we receive the proxy docs a week (or less) ago? Seems a bit pushy to expect all to have read thru a 60-page doc (plus 3 appendices) so so…
@BenWP
Oh, yes, we got what Old_Joe was gettin' at, but sometimes I think it's kinda fun to "pretend" that you don't, as a way of lightly needling back, and see where it goes. :) [It's a sickness without a cure, and only takes a small scratch to set…
It's been awhile since I read Durant, but I seem to recall quite a deal made about the debasement of their currency over time, until the bedrock of their strength--- trade--- was destroyed.
http://money.visualcapitalist.com/currency-and-the-collapse…
I think the Health and Fitness is flexible allocation (very flexible), rebalanced at least once a year as a New Years' Resolution kind of thing, and thereafter "as needed."
And then there is the matter of debt paydown (probably NOT), which really unsettled creditors after what must have seemed like a freakshow of a conference call for them:
http://www.bloomberg.com/news/articles/2016-03-15/valeant-shatters-calm-among-l…
"Meanwhile, the T. Rowe Price Retirement series has fallen to Silver--still a strong vote of confidence--from Gold. Solid underlying funds and a steady asset-allocation approach give the series a discernible edge over most peers. However, the team's…
Another votes his two cents:
http://howardlindzon.com/peak-passive-investing-the-rise-of-robinhood-and-trade-gen/
And a Roche clarification:
http://www.pragcap.com/passive-investing-i-doth-protest-too-much/
@davidmoran re. risk-averse. Yup, I almost threw that one into the pot-of-errors last night. Based on what he wrote, I'm pretty sure Mr. Roseen intended "risk-averse." However, I wasn't sure and consulted Merriam Webster. Well, let several million M…
Subscription Period
Vanguard Core Bond Fund is holding a subscription period from March 10, 2016,
through March 24, 2016. During this period, the Fund will invest in money
market instruments rather than seek to achieve its investment objective. This…
@hank I'm not sure if Blaine Rollins' "weekly briefings" appear every week in dailyalts.com; but if you like his broad sashay thru the prior week, to get yourself prepared for the week in progress, you can go to the source here:
http://361capital.co…
@SandraWisdom There is a positive aspect to using astrology for timing/selecting investments: when you wish upon a star, it makes no difference who you are! [however, if it is OPM you are investing, it does make a difference, at least to the SEC]
…
Since 2/11, the largest "down days" have been characterized by high volume trading, the largest "up days" have been characterized by relatively light volume trading. This is not the profile of a sustainable rally coming off a true bottom. Ergo, I th…
It continues. Looks like the former WaMu cowboys have relapsed and are back on the crank:
http://www.bloomberg.com/news/articles/2016-02-29/when-good-credit-assets-go-bad
@Mark I'm still pooling money for an initial investment, and waiting for a good spot. Remember, you can use the MFO search function to find prior discussion and/or anecdotal comments (which can be every bit as useful).
http://www.mutualfundobserver.…
Man who called EM Rout isn't buying PIMCO bull:
http://www.bloomberg.com/news/articles/2016-02-25/man-who-called-emerging-market-rout-isn-t-buying-pimco-bull-case
@Ted (a.k.a. Chauncey Gardener) And in your dreams, all is well with The Garden, I suppose. Fa-la-la.
@David_Snowball Either the definition of "bear market" has been changed in The Market Dictionary, and we didn't get the memo, or few in the MSM sim…
@DiphcOracl You betcha. Show me a value fund, of any kind, that has had some decent performance in the past and/or recently, and they're pretty much all doing it, to one degree or another, loading the boat with financials/industrials. I guess, beca…
@Shostakovich OSTFX had a huge position in Valeant Pharma before analyst Andrew Left's take-down of it last Fall. I think OSTVX also had a significant chunk in it, too. They dumped it right away, before things got worse (as they have), but considera…