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.
@Charles, what you describe does not seem to address interest-rate sensitivity as a bond screen. Thank you to MSF for explaining duration.
An example of what I would like to do is screen for core bond funds with a portfolio rated => A, and a dur…
Not necessarily the Captain. During canal transit the ships are all under the control of local pilots, supposedly specially trained and qualified to handle the tight passage and the heavy winds which are frequent in the area.
The banks in the area …
Things would go a lot faster if they were willing to unload the containers.
A lot of careers will get busted over an event like this. Starting with the Captain's.
I have pretty much given up on most "global" funds. At the moment I still own GLFOX.
Global never seems to add the extra sauce. Just seems to make everything mushy. At this point I'ld rather own foreign or US in most scenarios.
The other problem I…
Agree. As a subscriber to MFO premium, it has been extremely useful to analyze MFs, ETFs, and closed-end funds.
Your question was very specific. Were you able to get an answer out of MFO Premium? I would have to ask Charles B. for help before even …
Can anyone suggest a source for data on major fund families allocations for the income phase of target date funds so I can run an MFO comparison for her?
If you have MFO premium there are all kinds of things to screen on. I can't think of a bette…
I read somewhere that wage inflation is the inflationary trigger (indicator) to watch. It will be interesting to see where wages are once we get back to full employment. Today's low interest rates have already triggered real estate price inflation.
…
When I rearranged the deck chairs in the IRA this spring I ended up buying RWJ. I sold RYSEX during last year's fire drill. Sold JSCVX this spring. And set some cash aside.
It's hard to find pure value plays in the smaller caps with what's availabl…
Historically, stocks have returned not 1⅔% but about 4% more than bonds (10% vs. 6%). So given today's interest rate differential between bonds and cash one expects a 75/0/25 portfolio to significantly outperform a 60/40/0 portfolio.
Things ar…
How many hours of rolling black outs are YOU willing to set through ? Do what you can to save the planet, but don't throw the baby out with the bath water !
Stay safe, Derf
Did they have rolling bla…
Going by the holdings in the VanEck ETF, I already have some exposure to radiation. ;-). And they charge a higher ER for the privilege.
I'm not in the mood to specialize in one energy source since I just sold GASFX to harvest a tax loss while sell…
I have read reports this morning that the Fed is considering another round of Operation Twist with the goal of raising short rates and lowering long rates.
@WABAC, you may want to review River Park Short Term High Yield, RPHYX. David has provided a detail analysis of the fund.
https://mutualfundobserver.com/2017/05/riverpark-short-term-high-yield-fund-rphyxrphix/
YTD return is +0.3% while vast majo…
“Whoa. A lot to unpack there” - Not really. It’s just one of a half-dozen different market takes Barron’s typically presents from a variety of different sources in a small section of the magazine each week. More, I think, to give a flavor of th…
Thanks @WABC - Both equities and bonds I’d say. (Though my intent in posting was to emphasize the bond implications)
“If inflation, big government, and organized labor come back from the dead, globalization loses ground, regulation expands ... tax…
Huh. Closed my position in the IRA just the other day. It's still in my taxable. I don't make many moves there.
Binbin Guo had been listed as head of that group according to the M* people tab.
The only manager with skin in the game is Reckmeyer, f…
@hank
We expect that the clamor for bigger government will contribute to a secular bear market that could rival the one that persisted from the 1950s to the 1980s.
Are they talking about a bear market in bonds? Or what?
More balls in play. Less three "true" outcomes.
More Cardinal runs. Less runs for their opponents.
More minor league play. Less alternate training facility black box.
I might move into ultra-short bond funds if they offer any improvement over Vanguard's money-market settlement fund.
You may want to look into VUSFX.
Thanks for the tip. I'm at Vanguard, so that'll probably turn up when I get through rearranging t…
Ok, fair enough I suppose but after reading the article I sense more than an ample amount of speculation rather than actionable facts at this time. However I do understand your reasoning and your explanation helped. Thank you.
De nada. I like to hav…
@WABAC - have you sold all of your bond funds on the expectation of a rise in rates? I'm just trying to understand why anyone would do this while those who control the rates indicate no interest or reason for doing so at this time. I read the articl…
While no one can predict when the market will fall, there are multiple reasons to think that it won't go up forever.
I have already sold all the discreet bond funds in my IRA. There was just too much success to leave on the table while interest ra…
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Also related ... Another bump up for the 10 year treasury yield today. 1.34% at last glance. Seem low? Consider around 0.60% less than a year ago.
Question What rate on short term debt or cash would entice you to unload some of your equity holdi…
Hi Jon, I would look at expense ratio. You can buy the NASDAQ 100 cheaper than RYOCX. Turnover on the Fidelity fund is higher than I like. Are they that smart?
I would also look at the structure of the fund family. I lean against publicly traded co…
Frank Oppenheimer put art in the mission of the Exploratorium from the beginning. Lord knows what's going on there these days. But most towns have their own Explo by now.
Not sure what this has to do with the OP. But this is the internet after all.
Did you log in again prior to looking at the holdings? Clearing cookies will cause the browser to forget that you were logged in to M*.
No dice on the latest version of Firefox. And I'm lite on adblockers these days. The sites I visit could use th…
All I can say is that the holdings came up fine for me with relatively recent versions of Firefox, Chrome, Edge, and IE, though pulling up the holdings failed on an older browser. I wasn't even logged in to M* with those newer browsers and I went …
The top ten holdings have been missing for the last few days. Very disappointing if this is a permanent change.
Maybe the holdings are for "premium" victims now.
The problem I always run into with emerging market funds is that they invest so much money in countries with unpredictable legal environments for investors.
China is all about the Communist Party. Russia, and several other countries, seem to be kl…
Side note: what happened to Oakmark? Not a single fund rated higher than 2 stars. Though M* still loves the company, giving most of its funds gold or sliver prospective (forward looking) analyst ratings.
I held some of their funds for a short per…
