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.
Manipulation of small stocks occurs, look at the Gamestop fiasco (pumped via REDDIT).
"GameStop’s Reddit-fueled rally, explained. Video game retailer GameStop is up more than 20x since March lows (and +79% in just the past 2 trading days). What’s g…
I keep adding to TMSRX, HMEAX and FIKFX. That's the conservative plan for 2021. Mr. Market is more than nuts. The inmates have been running the asylum.
One could argue that the fund has successfully navigated a very rough patch in 2020. It has very active management (and thus high turnover). We have beaten the dead horse as regards use of leverage.
Can SVARX succeed while facing the next wave o…
Thanks, davfor. Interesting how SVARX brought exposure down from highly leveraged at 12-2019 206% all the way down to 28% in 1Q 2020. Sometimes market timing works.
This might be considered cherry-picking of data, but if you remove a really great 2020 (+24.1%), then SVARX returns are less impressive - though still not too shabby:
2019 ..... 9.42%
2018 .... -0.99%
2017 .... 8.26%
2016 ... 16.45%
…
The portfolio manager for SVARX, Ralph Doudera, also handles HFSAX. Mr. Doudera has a Masters degree in Biblical studies and also a Masters in Mgmt/Finance.
His funds have performed extremely well with limited volatility. SVARX has 3 and 5 yea…
Fed Chair Powell: 'Be careful not to exit too early' on easy monetary policy
"But Powell’s commentary may be an attempt to quell any jitteriness over the Fed pulling back on its accommodative policy. Fed Vice Chairman Richard Clarida said Wednesday…
The promise of additional stimulus along with continued Fed intervention create a solid floor FOR NOW. I keep reading about a "lack of sellers" in this market. I've read about Robinhood traders supposedly having an effect. Its all a bunch of BS. …
Buying a few shares of a recently born ETF "HEGD" from Swan Global Investments just to keep on my radar. I believe its their only ETF. We shall see if it does its job.
"HEGD aims to address long-term investors’ need for capital appreciation whi…
"The Fund’s Index seeks to offer the potential for targeted monthly distributions while maintaining a stable net asset value over time (all or a portion of which includes a return of capital if the Fund’s net return is less than the targeted distrib…
I had owned TAIL recently after instead using SDS for hedging earlier on. Such investments end up being somewhat expensive market "insurance", since equities tend to go up maybe 75%- 80% of the time.
Learned that I'd rather just own more conse…
Too bad about the $100K minimum, I'll have to pass on this one. This fund has had decent performance overall, and is probably one of the better ALT funds.
TTL Assets are at $1.8B.
I also use ARBIX and FIKFX. Then I cobble on some merger arb funds (HMEAX and MERFX). TMSRX seems to be a popular alt fund that has done well.
SWAN & DRSK are also on the menu. They seem to go well together.
Considering SVARX and CVSIX, b…
TMSRX has distributed its holiday fare to shareholders this week. It threw off a big dollop of short term capital gains and a generous slice of income. The secret sauce ain’t cheap if held in a taxable account. Nevertheless, there is much for which …
After reading the list of "styles" hank had posted above, it reminded me of another Team-managed ALTs fund - MASFX. Its been around longer, but hasn't done much.
https://partnerselectfunds.com/pdfs/fact-sheets/MASFX_fact_sheet.pdf
Absolute Retu…
Its amazing that the majority of such "alt" mutual funds fail to produce decent returns over time. Despite all these derivatives at their disposal, it's easy for the Fund Mgr to sink the ship. KISS works best.
OSTRX has been a nice steady-eddy in its short life. Held up well earlier this year. Newer (only $200M in Net Assets) fund means its nimble, which is nice for a vehicle that has some latitude in choosing what types of debt it can invest in.
I do…
succinct
https://www.axios.com/make-believe-economy-27a5a019-6798-4dd5-b674-e4dd914d73c0.html
Thanks for posting - excellent article.
"The socialization of debt by the Fed is fundamentally reshaping how the quote 'free market' system works," …
Crash - Yes, reversion to the mean can take a really long time. In 1998, markets were screaming higher as we watched the dot.com bubble grow more and more (very frothy). In 1999, the markets marched even higher and the party continued (before reali…
Rich valuations don't matter.... until they do. Markets correct, and this one will as well. For now, the bravado continues. We are waiting on another stimulus injection to keep the party going. Earnings mean nothing these days because the market…
Looks like JASSX is available at FIDO with $2500 min, but a $49.95 fee. JASVX is available NTF at ETRADE, $250 min.
The time to pick the low hanging fruit was 8 months ago (says Captain Hindsight). So do you still buy/add to these higher risk …
These asset class charts are always interesting, but they never do help with future expectations. Its history. Never a bad idea to be invested in all Asset classes to some degree, I suppose.
Example: I feel like commercial REITs will have a…
Thanks for your replies, JD and wxman.
I am leaning towards swapping some of my Low Vol $$$ to GAVAX or CTFAX.
Additional thoughts welcome.
Rick
FYI - Just a reminder about CTFAX - the fund changes its baseline equity allocation % quite a bit, …
I like to pair SWAN with DRSK.
I am looking into CLIX, a long-short ETF (long online Retailers, short brick & mortar) which performed well back in March and has had an excellent year for obvious reasons.
Going for lower risk, but lower return…
"Rhetoric" is too complimentary a word. Bullshit is more like it.
Ok, I will go with "TROLLING".
Since Fox News propaganda isn't cutting it for him these days, he must go online to spread the faux news himself. But their battle is already lost.…
6) Making lists incorporating conspiracies and intent on angering the other guy.
Great point - this is where you wish we had an IGNORE option here at MFO.
Maybe FD's rhetoric would fly better elsewhere.
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 …
Here's what scares me about Reverse Mortgage lenders. They had earned a bad rep for trying to pull the carpet out from under in the past. Like hawks, they look for an opening.
For example, lets say you send in your HOA payment late. Certain Reve…
livin' from here on out at 32-33, or higher
https://www.multpl.com/shiller-pe
Go big or go home - let's shoot for 40! We gonna party like its 1999 all over again.
What pandemic? Pftttt. Pfizer has a vaccine now. Plus we have a new POTUS and p…
