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.
I said several times in the past, PIMIX was a great fund until 01/2018 when I sold it after holding for several years. Since 01/2018 it's still a good fund but performance ranks only at the top 44% according to M*.
Past performance is important bu…
Also, @FD1000 might better explain SVARX (ER around 3%).
This is mainly a fund of funds. In their top 5 holdings they have IOFIX+BDKNX both expense ratio about 1.5%. Then they use leverage, and they still want to make money.
The only explanation tha…
GMO should hide in the closet. Their predictions since 2010 are so off the mark. In 12/31/2010, they predicted that US LC would make 2.9%, the SP500 made over 14% in the next 7 years. They said that EM would be better and they trail by a huge marg…
PRWCX is one of the best risk/reward moderate allocation funds in the last 5-10-20 years.
VWIAX is one of the best risk/reward conservative allocation funds in the last 5-10-20 years.
PIMIX is one of the best Multi sector bond funds 2008-2018.
So,…
The VIX shot up to over 37 yesterday but today it was back to under 30. That's why I'm not a robot and did nothing. VIX is only one main thing I'm looking at, I also look at the big picture and try to understand why/what.
The people who buy when VI…
I would like to know how I can find out how much leverage is used in a fund. I use the Schwab platform. Tkx!
It's being delved into here:
https://armchairinvesting.freeforums.net/thread/733/introducing-svarx
The above will not show you how much a…
FD takes EVERYTHING personally. I just pointed out the FACTS about his posts on this topic.
He "Introduced" this fund to the world (sic) on two forums recently BUT had to be informed by other posters that it was highly leveraged. Read this ful…
Same posters, same distractions for years, nothing new. Expect it to continue.
BT2020 or BigTom have been following my posts for years over 3 different sites where he tries to find anything(even one word) wrong and/or one number out of order and cl…
@BT2020:But go ahead and keep pushing highly leveraged and/or non-liquid funds...
So what's next?
Are you going to start pushing 2x and 3x leveraged funds like Profunds & Direxion too?
BT maybe a previous poster by another name(BigTom)? Why not …
The April 2020 quarterly newsletter describes the SVARX active management approach over the preceding two years. The chart provides a good visual description. Scroll down to the Active Management section of the newsletter. (Reviewing the 12/31/19…
BT2020: What FD is missing here is the leverage is HIGHER now then earlier in the year.
With HIGHER leverage and the corresponding INCREASE in treasury rates, interest costs and the associated risk for the leverage has increased then earlier in th…
Don’t forget the most important part of the fund.
The 49% leverage and the huge position in swaps.
With the recent spike in the 10 year and if the rise in interest rates continues, the higher borrowing costs will be detrimental to this funds huge po…
I held FAIRX with 2 other funds (OAKBX,SGENX) for about 8-9 years from 2000 to 2010. I held FAIRX for about 8 years and OAKBX,SGENX about 9 years. It's part of my system of finding good risk/reward funds until they don't keep up and sell them.
Simi…
LewisBraham, it's pretty funny to read your comments. Your conclusions are so one-sided, GOP are all bad, Dems are good. Obama foreign policy was a disaster and a direct cause to ISIS, he couldn't even handle ISIS until Trump did.
When I say "The …
Any war follows by many sad stories. Let's think what would be the reverse. Muslim win, Israel lose. How about killing thousands, raping women, taking over everything...basically hell. They have done it to Christians, Jews and other Muslims too. …
The usual, no response to any of my questions. No response to the evil in the Middle East.
Let me guess, you know if one day you visit one of these Muslims countries, it may be very inconvenient for you.
All I did was post about a good thing of a …
Well LewisBraham, Israel is the only county that will accept Jews when things will get really bad. We already have a proof of what happened to Jews in the last 2 thousand years. It happened again in France several years back and thousands immigrat…
I "love" opinions from people that never lived in the Middle East and don't understand the nuances, especially Americans who live in a huge country and so far from the enemy while Israel is a tiny country with just several millions surrounded by a b…
DIAL looks to me as a pretty good option:
1) ER=0.28% is cheap for Multi sector bond. PIMIX ER=1.09%(I know, it includes borrowings and repurchase agreements but still it's expenses)
2) Risk/reward looks good. I used MFO data for 3 years, Multi se…
https://finance.yahoo.com/news/irs-bitcoin-and-virtual-currency-tax-form-193503386.html
I own zero "crypto " currency, do you ?
Stay Safe, Derf
I don't think it's a problem if you do it…
Old_Joe,
You conveniently forget what came first and how it started. Israel was founded in 1948, who started the war and the next one? Who wants to kill all the Jews(and Christians too) and still say it?
The Palestinians and the settlers is and wi…
...And, as ever, in all of those Mideast/Gulf deals, the Palestinians have been forsaken, thrown under the bus. Their own leadership needs to get their shit together. But the Israeli occupation and continued settlement is an abomination, after all t…
Raq, you can't possibly say anything, even a bit, of criticism of any Dem agenda no matter what, even if you are one of them ;-) I love it.
There is only one good doable solution NUCLEAR.
Arnott isn't the only one who was wrong for years
1) US stocks are over value, the rest of the world is undervalue. US stocks did better in the last 10 years.
2) The GMO team and Arnott have been wrong for 10 years.
3) Gundlach was way wrong whe…
Hi Lynn, great article.
I have been using great risk reward funds since 2000 but in the last several years and especially since retirement I just sell to cash when I see extreme market conditions. It's the only sure way to protect my portfolio. Wh…
Does M* calculate fund metrics (for example risk and volatility measures or value and growth measures) themselves or is data provided by a third party?
M* site shows you several risk metrics see (this) or the old site was easier where you can comp…
I use mainly the new M* chart and only use the old for links because I can do more with the new charts. The old charts don't work if you want to see more than one newer funds + older funds. Try to see PIMIX+MWFSX+EIXIX on the same chart. You can sta…
FD:"My calculation for peak to trough...VCFIX -19.7% from M* new charts found (here) from 2/25 (10000) to 3/25 (8027.67). Stockchart gives me -19.85% for VCFAX(link)"
I used the performance chart system that Yogi sent out via email some time ago. …
My calculation for peak to trough...VCFIX -19.7% from M* new charts found (here) from 2/25 (10000) to 3/25 (8027.67). Stockchart gives me -19.85% for VCFAX(link)
I agree with you that if you are looking for a securitized bond fund VCFIX is a good o…
dtconroe.
I'm OK with VCFIX but the meltdown of over 18% was too much, even PIMIX was down less than that around 11%. I don't put a lot of faith in Schwab bond selections. I think Fidelity is better and free to all investors even if you are not a c…
wxman123,
PIMIX is still a good fund but when I owned it I like the way it was. Since PIMIX is so huge the managers had to compromise and own more HY + EM + lower the distributions and still behind. PIMIX ranked at 78 in category in 2019 and 52 in …
10 years is too long. PIMIX was great until 01/2018 but its AUM got much bigger than 5-6 years ago, the managers had to look outside their best ideas in securitized and now more HY and EM and the yield is now at 4%.
For mostly special securitized a…
I agree that BASIX is pretty good, MNCPX looks better when you look at performance + SD.
Schwab have 2 recommended Multi funds JMSIX,VCFIX and I think they are not as good the others on my list. TSIIX is clearly better as a generic fund. PTIAX i…
+2.
Valuations, PE, PE10, inverted yield, the economy, deficit, "experts" predictions and even earnings do not have a high correlation to what stocks may do for months and sometimes years to come.
"PCI(CEF): 8.5%. YTD still at -10.1%"
To be fair, though, this is, I think, just price. It additionally picked up probably 8.5-9% in dividends.
Only price matters and the one you can trade with. NAV is a good way to assess other stuff. My numb…
