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The problem repeats. Biden and Bernie suspended campaigning because of COVID-19. However CNN and MSNBC are not making any "noise" on behalf of them. They are busy ranting about incompetent adminstration - same thing they did last time. I thought a v…
Can someone please explain to me how oil goes up 14.5% and my FSENX drops almost 2%? How the heck am I diversifying my risk away ??? Might as well sell, take tax loss and buy USO.
Well, I own it too. First let me get on my soap box. WHEN you buy vS WHAT you Buy. Which also means WHEN you sell, or don't.
Now, we cannot really expect fund to outperform VFINX and then also continue to outperform when the brown stuff hits the fa…
I'm thinking of selling my Fido Select portfolio to book tax loss. Then sell puts to either recover losses / purchase stock and hold for 10 years (like I planned to the Fido select funds). will need to pick 1 stock in each sector. Looking at stocks …
@VintageFreak; Do you have any idea why this fund is puking more than others ? Derf
Like I opined, "international" and "value" has been a recipe for disaster.
How many times I convinced myself I did the right thing buying FMI funds instead of other funds - because they will hold up better.
Yet one more reason to not fall in love with manager. I have done a good job at this for the most part, but I neede…
Agree. I'm normally less sanguine about manager skill and I assume it is luck. Analysis => insider information for the most part. Most important factor IMO, I've said many times is WHEN you bought vs WHAT you bought.
The thing with this fund is…
@Old_Skeet. At least I will never criticize you for holding "too many funds". Frankly, nobody's business.
I manage independent portfolios with different goals/intents with different brokerages which also have different funds NTF. At any given point…
@Mark Yes seems so, they are looking at individual security. But I find the article narrative misleading. It is suggesting an entire sector is down by those amounts.
See it now. Question is, is the manager smart, or just lucky. Managers hardly invested in the fund. M* does not flag the 90 / 90 either (which is a separate problem with M* itself because it constantly thinks it knows better)
The $USD spiked up from 03/09 and then down and settled around where it was. Not able to discern completely the co-relation, but I suspect "value" and "international" theme did them in, like I have ranted about earlier.
This goes with "the market …
Sorry, how did you determine 90% long - 90% short??? I'm looking at holdings on 12/31/2019, and cannot gleam that out.
https://www.guggenheiminvestments.com/GuggenheimInvestments/media/mutual-funds/holdings/GUMAX-market-neutral-real-estate-2019-12…
Well, it describes itself as "long short market neutral" strategy. This seems like long-short to me, not market neutral. Wonder why name does not have word long-short.
@Shostakovich Totally agree. Almost seems like they trying to bid up their bonds held in OAKBX to turn it around. I think Janus got fined for doing such nonsense, funds in turn bidding up the same stocks and jacking up NAVs of all funds.
US global has gold, emerging markets and bitcoin investments. If GROW stock goes to $0.25 I'm going to buy 10000 shares, and pretend I made $2500 investment in a mutual fund. In fact, going to put in a GTC order tomorrow. If it hits $0.25 and then m…
Interesting fund I've followed for a while but haven't quite figured out yet is doing well in this environment:
https://morningstar.com/funds/xnas/gumpx/performance
There was a time when I thought similarly about RMBFX. Not just long-short but long…
I have small investments in FundRise And RealtyMogul. This on the advice of some friends. They target modest returns not like a VGSIX or other RIET mutual fund which can yield outsized results because they invests in stocks.
Now the problem is the…
@Bobby - Maybe you have well wisher at Fidelity who is trying to protect your portfolio from further losses :-)
This qualifies as April Fool's joke as well.
I'm so good, I hurt myself.
I think the problem maybe we don't really know what's in some "strategic income" funds. I was so clueless I didn't know what was in my "floating rate" fund.
@TheShadow. Thanks! Useful. However I do believe WHEN you buy being more important than WHAT you buy. GP was started at the perfect time IMO. Not discounting the fact GP folks are competent, merely pointing out they haven't really been tested in bea…
@TheShadow, I just don't want to hold too many funds. Yes...ME who normally have no qualms against that, because that will too many even for me. I was thinking maybe Emerging and Contrarian I will add because "Global" tends to me US + NonEmergingIn…
I have GPROX in my IRA and GGSOX in my taxable account. Do I really need another GP fund.
I was thinking at micro cap, but if not available NTF to me, I'm not looking to invest directly. I have plenty exposure to emerging markets.
If there's any o…
We can see what happens when buyers come in to shore up their returns artificially. Futures down, opened down, now they swoop in.
Smart people looking to take losses will do well to sell today instead of waiting for June 30. I had been playing wit…
@Old_Joe, @MikeW
Guys I used to own this fund for 3 years, then sold it because I was worried about manager succession. Needless to say was a mistake, but can't complain too much.
So now aren't you at least little bit worried for the same reason?
I own this fund. Don't rub it in :-(
Switching to MNWAX. Stupid question. Do I need to wait 30 days? I mean surely RMBFX couldn't possibly be invested liked MNWAX for me not to be able to claim tax loss right?
@Tarwheel. Please tell me why not enjoy the rebound in some other fund and take tax loss here. My mistakes notwithstanding, it is not providing any diversification benefits. The whole point of this fund was to avoid a situation like 2008. Wouldn't w…
@Tarwheel. You have officially proved I'm an idiot. I did bloody read, BUT I never read properly. maybe because I read it on my phone. The "Risks" and "Rewards" sections are flipped on TRP website but "Rewards" are in left column. I never read the r…
All I want now is people stop calling RPHYX as a proxy for "cash". And then "interpret" it. It's like any other fund you invest in which holds bonds.
Serves me right for trying to grow a brain and invest in bond funds. I never did it pre-financial…