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.
Support MFO
Donate through PayPal
BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
@MikeM, I can not reconcile your first paragraph and against the paragraph from the Q4 letter I had quoted. I am not looking for any reply / response. We have different expectations. I see what I see and shared. I am not looking to convince any…
By mid November a number Federal Reserve members have given speeches suggesting an acceleration of end of quantitative easing and that inflation is a concern. Powell reiterated this around Nov 20, in his re-nomination acceptance speech. Since then…
Thanks for sharing the letter. I was going to pull the plug on my GP investments but I will reluctantly give these guys 2022 to remedy themselves from the mistakes they admitted. I continue to be concerned by the weak bench in management.
I just checked at M* the valuation of top 10 components of ARKK portfolio. Two companies are rated four stars (Twilio & Zoom), one company is rated five star (Teladoc), and one company is rated two stars (Tesla). All other companies are rated…
@BaluBalu : I do remember those discussions. Are you implying this fund, JHQAX, isn't a buy & hold fund ?
Enjoying the ride, Derf
My comment does not apply to those that already own the fund. I wa…
You all know that the inflows and outflows in the Ark funds are impacted by institutional or smart money and not by retail investors. About a year ago, Ark complex had about $10B a month of inflows. Not sure what is a smart money.
For the current time, most seem to recommend value / reopen economy funds. It would be interesting to find out Value style OEFs / ETFs that exclude or underweight financials.
The 5% OTM puts in JHQAX series should not be taken as a protection after 5% slide in SPY, as is evidenced by current SPY and JHQAX slide. It depends on the timing of the fund purchase and what the market has done since when the puts were purchased…
Behind pay wall for me. May be somebody could let me know what it is about. This is not 5he first time we had option expiry date. What is different today? Thanks.
I do not mind somebody being wrong as long as they had the courage of conviction. We already discussed in an earlier thread how he had not invested in line with his previous projections / pronouncements. I can look else where for entertainment tha…
I just checked at M* the valuation of top 10 components of ARKK portfolio. Two companies are rated four stars (Twilio & Zoom), one company is rated five star (Teladoc), and one company is rated two stars (Tesla). All other companies are rated…
@Mark, Did this forum members invest with Cathie Wood? Based on their investing temperament, I assumed none of them did. I did not mean to pile on but I have a very low opinion for anybody that peddles their religious beliefs in a business discuss…
"In our view, the real bubble could be building in such so-called "value" stocks with much higher valuations in the context of a five-year investment time horizon as opposed to last year," "In our view, long-term inflation fears are overblown becau…
The “hot” in money can turn cold anytime if DC decides to go after crypto. Kosovo banned Crypto mining this week while our politicians are inviting all these miners. DC like the average investor does not seem to ever know when to take down risk or…
Hi @BaluBalu . I don’t have a link to past quarter portfolio holdings but I’ve been monitoring it for about 9 months now. Sector composition has consistently been heavy in consumer staples, financials, and utilities.
Thanks Mike. How has allocati…
CDC is interesting. I would like to see how its idiosyncratic portfolio sector composition changed over time, say in the past 6-8 quarters. I would appreciate it if somebody could share this information, even from memory if the info is not contem…
Thanks, Hank and YBB.
“If the music stops and crypto tanks, there could be a contagion into the stock market. It could set up a good buying opportunity.”
This is the one thing I have been very nervous about. There can be a lot of pain before the…
@Derf, Thanks for the suggestions. I would not want MFO members to go to either of those sites and dilute their energies / attention here. MFO gets an occasional drive by but those sites are sometimes war zones. No offense intended rforno.
I ha…
Not sure you guys ever tested Fidelity Community - Fidelity’s investment forum. I strongly encourage visiting / participating there. It is well moderated by Fidelity, with very little to no political commentary allowed. They do not seem to discus…
Most jobs do not require more than 2-3 yrs to be very good at it, provided one has aptitude for that job.
That’s the reason I deleted the line about some of us having 50+ years investment experience. I agree it’s a non-issue. Thanks for the note.…
Since we are discussing about the future, I figured I would post it here.
Byron Wien's Ten surprises for 2022 -
https://www.yahoo.com/now/byron-wien-joe-zidle-announce-170000559.html
There was more than one round of government hand outs during Trump time. He was disappointed that the last round was less than what he asked the Senate for ($1,200 vs $2,000 per person?).
I think as intelligent beings we need to get away from labe…
@Baseball-Fan, First year of pandemic was under Trump and the second year was under Biden. What was the federal budget deficit in the first year and second year. You can pick the deficit by calendar month to come up with the calendar year deficit.…
I would be interested in a list of active equity OEFs that are style, factor, size and box agnostic. Country / geographic preferences are OK - not to expect too much from the managers.
I own a foothold so I track it. Will be adding 20% below the current price. I understand their research is crowd sourced, similar to getting news from a gossip magazine. Fund companies see their research as competitive advantage, even when they a…
I'm keeping things simple for myself by using SCHD for my large-value allocation. I already have too many funds that I need to pare down.
+1
Traditionally, I used active equity OEFs in the IRAs but I now am leaning towards moving those to equity ET…
I think we drifted too far away from my original premise / request. That is, to be able to mimic a future OEF sale similar to a future (limit order) ETF or stock sale. The potential solution presented is too tortured for me. I mentioned brokerag…
DODBX at $15B is very small compared to VWELX, PRWCX, & FBALX to name a few. It had outflows consistently in the past 10 yrs per M*, even though some of those years total return performance was quite good. Any comment on the outflows? Not sur…
