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Rough day. I bought a little too, closing out a small position in MERFX (Merger Fund), which has been underperforming relative to its role and switched that money to FPACX (FPA Crescent). Not a huge change. It could stay ugly for a while but hey,…
I don't really have an informed opinion; generally I would expect low inflation (less than 2%) the next 5-years or so but that is roughly inline with what the market expects and I don't really know which is more attractive. I'm not really much of …
TIPS pay a lower yield than Treasuries but have the principle adjusted to reflect inflation. Their "real" yield is the yield the TIPS pay over and above the inflation adjustment. Because Treasuries do not pay an inflation adjustment and because TI…
Tips are more sensitive to changes in real yield than treasury, which is to say that if inflation expectation remains constant but the yield rate changes, TIPs will fluctuate more in price than vanilla treasuries.
If investor become more worried …
Not much right now, I rebalanced a little out of Parnassus Small Cap (PARSX) and into Fairholme (FAIRX). I'm considering creating a small position in Aston/Fairpointe Mid Cap (CHTTX) from about half Vanguard Total Stock Market Index (VTI) and half …
Thanks again for all the great suggestions. I think the big attraction of Wellington is that its hard to do better than it in a diversified portfolio, and the other options for an all-in-one fund are a little unsatisfying or unavailable (MDLOX has …
Thanks for all of the great suggestions.
I have investments of my own with Fidelity and I'm happy with them but the Transaction fees for Wellington make it unappealing. If she's making $100 investments at $5 or $10 dollars per investment, that's %…
Berkowitz and the other officers have ~$262 Million in FAIRX, another ~$6 Million in the income fund and another ~$38 Million in the Allocation Fund. They have rapidly increased their own holdings as well. So, I would say Berkowitz has an interest…
