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.
These things do change depending on where the starting line is.
The difference in daily returns from June 21, 2016 (mid-summer) is 8.58%.
The difference in daily returns from August 4, 2016 (the day Albert died) is a little over 4%.
Monthly retu…
Few star managers can make the transition to a team much less assume it will be your kid.
Michael Price is another example of a one man show that became problematic after he left.
Another example is Albert Nicholas who ran the Nicholas Fund.
Acc…
Well. I did the right thing by my wife's IRA. And her TIPS and ST Fed funds are still getting hammered, along with everything else.
Bonds, such as I own them, are part of allocation funds, and DSEEX and FFRHX. But mainly the trash known as cash, wh…
I hope to exit FFRHX soon. Bought it during rebalancing in December 2018. Return since then has been 4.3%. However, the unrealized loss is still in the red at 2.43. I don't like to sell anything in the IRA till it's out of the red. Proceeds will lik…
These days M* is flogging more stocks on the home page than Motley Fool.
Maybe they are making enough money with their indexes. and other products, that they don't need a coherent strategy for individual fund investors.
Is it true that just under 100 million Americans of working age are not in the work force? How can that be with this great economy and 4% unemployment?
I'll answer for the class. Govt BLS stats are pure bullshit. Proceed at your own risk.
I don'…
Jeepers guys . . .
No tax loss harvesting in an IRA.
I'm holding the two CD's and single TBill to maturity. And it looks like that will be happening just in time for some shopping.
Glad I tried it. Had the room to do it. Just not my cup of tea.
I see an Analysis tab when I am on the default portfolio page at Fidelity. It's out to the right between Cash Management and Account Features.
There are two versions of this page. The other version has a drop down menu labeled More after Planning. …
@Old_Joe said:
"Inflation ex food, energy, shelter, used cars"
Doesn't leave much, does it?
@WABAC , You noted:
Doesn't include what I paid for toilet paper at Walmart the other day.
CPI-U (all urban)
The CPI link is current. The first half o…
I use the free Portfolio Visualizer Backtest Portfolio feature, but it has some major shortcomings:
Allows only 4 funds to be included in portfolio.
Doesn't list asset weights (US stocks, foreign stocks, bonds, cash).
Doesn't list equity styles (s…
Asking people to see the economic forest instead of just the one inflation tree is not preaching revolution. Larry Summers is fixated on the inflation tree and is comfortable with millions of people losing their jobs to chop it down. If retirees ha…
No matter what the retirees who are the majority of posters here think, economic well being in the U.S. is not just about the inflation rate.
If only we had children trying to make their way in the world all us old folks wouldn't be so stupid.
Wh…
Isn't the money in those funds to be made when rates stabilize, or fall?
If you're already in one, aren't you adding more new cheap shares every month?
@Crash, not a bad time to go short-term, or money market, until you figure out where you want to go with investments, or brokerages.
A 5K minimum is a lot for those of us that throw nickles around like man-hole covers. :)
I had them in a portfolio at M* that I just got tired of taking care of. I didn't need it to remind me of moves I have regretted.
Two funds that I have owned in the past are now on my watch list for the condensed IRA. They are NICSX and NBGNX. Not…
Hi guys,
Did some selling. Sold PARMX. It's been a long time coming. Wanted to sell it before Covid, but just didn't get it done, so did now. And also sold FMILX. Just taking profits right now. With July (the end of it) and August (the weak …
I have a lovely collection of small cap funds . . . that I bought at the end of 2021 when they were less undervalued than they are now.. :)
Average stock likely to perform much better over the next 3-5 years than the average index because the aver…
the valuation on small caps relative to large caps is as extreme as the late 1990s. Remember that the S&P 50 corrected by 50% in 2000-02. The S&P Equal Weight index and small caps vastly outperformed back then.
Reading this in other places l…
That's great @davidmoran. Way to go man.
The stock count is right in line with their declared strategy to own 20-25 stocks. So it's nice to know they aren't suffering from strategy creep.
Depending on who you can believe in this crazy internet wo…
It appears based on todays NAV move, that TCAF is going to run hot (relative SPY). Not a problem if you want that. 25% of AUM are AAPL, AMZN, NVDA, MSFT, GOOGL.
This brings up the question will the T/O be higher than I would have thought? IOW's w…
Closest thing I own is DIVO. That's up about 1.0 YTD.
I bet you knew, which I did not, that DIVO holds 22 stocks!?
Plus Dow derivs and several other options.
My fear is that it is easier to fail than broader ETFs. (I already went through clos…
ETFdb shows:
LC Quality SPHQ, FQAL
SC Quality XSHQ
There are several others with dividend-quality angle.
https://etfdb.com/etfs/
Like a lot of etf's in small/mid cap, XSHQ returns have been anemic over the last five years. So I like to go with …
Does any one off hand know SMID (small, mid cap) Quality ETF(s)?
Does SDVY fit the bill? SMID rising dividends?
Is SYLD in there somewhere?
I bought FMIMX for the IRA. Whatever they do seems to fit well in SMID. And I wanted something a little l…
Quality can be defined different ways of course, but by any reasonable definition would not BRK be the very epitome of a quality stock?
You can have that conversation with iShares, the folks that run QUAL. Their fund leans away from the value box, w…
Warren owns everything from candy stores, to paint manufacturers, to insurance companies, to railroads.
QUAL, OTOH https://www.etf.com/QUAL
Seeking to capture higher quality stocks within GICS sectors, QUAL make its selections from the large- and m…
Regarding PARWX...
Jerome Dodson managed PARWX from inception (04/29/2005) until he retired on 12/31/2020.
Billy Hwan became a PARWX comanager on 05/01/2018 and the sole manager in 2021.
Mr. Dodson took a contrarian approach which resulted in an el…
Fido is adding watch lists.
And they're more than happy to link to other accounts, if you let them.
I know I'm not seeing any reasons to pay for what M* offers.
@mcmarasco, check out PARWX if you are comfortable with Parnassus. Maybe you have access to its institutional equivalent.
SPGP will bend you away from growth, and large caps, but it's still the 500 universe.
It's easy to beat PRWCX on a raw return basis. VOO/VFIAX will do. The question is whether you can do it with an only moderately volatile investment.
VOO beats BRK.A over ten years with less volatility. Thus a better Sharpe ratio (higher returns…
@yogibearbull, at her first employer there was a quasi defined benefit (pure traditional) along side a contribution aspect (TIAA variable annuity products). Her subsequent TIAA, that offers other products, is part of a state employee retirement plan…
