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.
Observations for one month as of 11/27/2020:
November was a great month for stocks and bond and interest rates were up. There were so many good performance monthly funds it was difficult to select just several.
Multi: Several did 2-3%.
Uncontrai…
Unfortunately long term performance was off since 2010. The SP500 did better than the rest (SC=IWM, GLD, international=FSPSX, EM=EEM and REIT=VNQ) + had lower volatility and why I don't pay attention to historical returns and I'm never over diversif…
Maybe the following 1 and 3 years performance charts of SPY,AAPL,QQQ,BRK/A,JPM will convince you that Apple IS NOT another "blend—a blue chip stock ". If they don't I give up.
I wouldn't compare BRK.A to anything else. Nothing typical about it.
Apple P/E = 35.6 (link)
Apple earning are so huge and why it has so much cash and it's harder to show growth but it still shows it and why it's amazing.
I don't think that apple is…
RE(real estate) is crazy right now but just like any other ones will get back to earth in 1 (maybe 2 years). Rates may go higher, RE prices already moved a lot, many people have saved more during 2020, the pandemic will be over and most things will…
MSF, a lot of spinning but Apple is a growth company compared to SPY.
Apple has lower yield, higher PE, higher growth.
Sure, compare to QQQ it's a value.
Apple looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck …
"“This is a great example of how aggregate numbers can hide important facts,” Colas writes."
Nope, we have seen it several times before. Stock short term moves (months and sometimes even years) don't have a high correlation to..............PE, PE1…
Both funds are in mostly securitized.
IOFIX(link): concenrated mostly (over 78%) in legacy RMBS.
JASVX(link): 2 of the managers came from Semper (SEMMX) but as you stated JASVX held pretty well while IOFIX+SEMMX lost a lot more in 03/2020. This f…
Warren is smart because
1) He finally invested in a growth, "over valued" for his style high tech company, Apple, after he said for years he woudn't and now it is his biggest holding.
2) SPY/VOO is an easy, dirt cheap index
@FD1000 Which cash back credit card allows you pay property taxes with no fee?
Fidelity 2% cash back. The fee is decided by the county/city not the credit card. This year was the first time I was able to pay the county by credit card with zero fee…
SPY beat CWS for 1 and 3 years + since inception with lower SD.
ER needs to fluctuate between 0.3 to 0.5 and not 0.65% to 0.85%...and maybe they will have a chance.
I have a better idea if I make the rules :-)
Every fund must follow an index and it…
@FD1000. Control. Less bullshit.
Please let me know where is the BS, be specific.
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Fred495: That's all well and good, FD, but why do you keep bringing up PRWCX when it is closed to new investors
First, I have posted about VLAIX seve…
Warning, while past performance of VLAIX looks good the fund invests in high-rated bonds while PRWCX is not and a lot more flexible. That worked well so far when rates were going down but rates are probably were at their lowest point.
In the last 3…
Another win for Trump. Moderna vaccine is 94.5% effective. Trump Administration collaborates with Moderna to produce 100 million doses of COVID-19 investigational vaccine already in 08/2020 (link).
Trump has so many wins in such a short time which…
I don't pay attention to politics, predictions and "experts".
The average Joe investor should stay with their LT portfolio according to their goals.
I know, it's boring but...the hardest thing for most is to do nothing.
2 points:
1) The average Joe investor needs to own just the SPY which is a blend index. This index will adjust according to the market anyway. No need to worry or make a decision what to do.
2) The big high tech companies are so dominated they hav…
MWTRX is a good fund but GIBLX has a better record for 1-3-5 years.
Both are not funds I use since I'm mainly a bond investor in the last several years and their past performance (6% average for 3 years) will not happen in the future.
I'm also not …
Semi-month update for limited funds
Observations for one month as of 11/14/2020:
Rates for 5-10 year Treasury went up in the last month
Bonds: Surprisingly, it was good for all the above funds. Several funds in Multi, Non Trad, HY muni, EM, Bank …
I never promote must have of anything. Each investor should do whatever they feel comfortable about. I'm a trader for 20 years with a great track record. I'm not your typical trader, I'm trading mutual funds based on momentum and good risk/reward.…
And guess which party refuses to allow Medicare to negotiate on drug prices:
https://google.com/amp/s/thehill.com/policy/healthcare/477604-drug-price-outrage-threatens-to-be-liability-for-gop%3famp
Didn't the Dem controll everything years ago? So wh…
@FD1000
I'm not a long term holder but a trader and avoided the big losses of March 2020.
Were they really big losses?
If you had instead, not sold and just held your positions the draw down for JASVX was 6% in March of 2020. By May of 2020 you …
Yep, I have been using Fidelity CC 2% cash back and Penfed CC 5% cash back on all gas for years. We charge all we can from $1 to paying our property taxes with no additional fees.
But, that's not really the subject of this thread :-)
As part of my…
FD, he's one and done. "Deal with it". No class at all, even on his way out. He dodged the draft and responsibility (for anything) for the past 4 yrs, but he can't dodge the numbers. He never won the popular vote, either - not in 2016 (though …
@FD1000: Evidently you missed this part:
"the vice-president, Mike Pence, tried to claim their administration’s Operation Warp Speed programme had helped the vaccine’s development."
Pfizer denied the suggestion:
“We were never part of the Warp Spee…
The usual, unbalanced emotional lib responses.
Cuomo, the guy that literally signed for thousands of deaths in NY said "it was "bad news" that a coronavirus vaccine could be released while President Trump is still in office"
(link)
Sure, the following(link) sounds pretty real to me(watch the whole thing from a man who did business with the Bidens and met Joe twice) while the Russia thing was a lie.No one will be fired because Biden will likely win. Many will leave as happens …
Most/all of these theories were developed of past decades. The high tech boom is a new revolution where the big tech companies make so much more than the rest, new smaller high tech companies are constantly been created. The fast, easy, reliable an…
Yep, we see an acceleration of people moving from downtown and expensive areas to much cheaper areas. Welcome to the high tech boom of working from home.
Smaller, remote cities have limited number of houses but there are thousands of houses availabl…
Yes-but there is a shortage of affordable housing in too many metropolitan areas !
Not really. Stay away from NY area (NJ, CT) and CA and you will have no problem. The South East is a great place for almost everything.
Affordable is a relative term…
The nice thing about cash is that it's there to buy assets that have taken a beating.
I never had cash long term and hope not to have in the future. I'm only in cash short term, usually days to 2-3 weeks when markets are risky which I determine ac…
hank, from your link, this thread is about "The average rate paid by banks on basic, federally insured savings accounts"
Someone who seriously looks for the above isn't going to invest in a fund that lost about 9% as TMSRX. This is why I posted ab…
We are on this site because we want to read and discuss investments but this is another typical catchy article with no substance.
I like articles with solutions instead of stating the obvious.
The following are a decent place instead of MM. They ar…
“Valuation is an immaterial part of the process for me ... It’s the least useful piece of information you will ever get because everybody knows what the valuation is.”
Interview: Fidelity Manager Mark Schmehl - 2017
Interview: From 2019
Intervie…
Sure, the following(link) sounds pretty real to me(watch the whole thing from a man who did business with the Bidens and met Joe twice) while the Russia thing was a lie.No one will be fired because Biden will likely win. Many will leave as happens …
The above is a good discussion and why I keep trading bond funds. If you own higher-rated bond funds you are likely to make 2.5-3% average annually in the next several years.
Trading should not be done by most investors though ;-)
You got great posts already. I would think about the risk/volatility I want to take.
WATFX is a core bond fund.
The next level are core plus funds such as DODIX.
Then, you can look at Multi sector funds which are worth holding for a portion of your…
I think replacing VLSIX with RLSFX may help with the "minimum drawdown" aspect, at least based on their short-term history.
I replaced VLSIX with RLSFX and the results were worse for performance and SD. See (link)
