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.
Raise a little cash?
I recently sold three funds (a small cap fund, a commodity fund and a long/short fund) with the sale proceeds increasing my cash allocation. I plan to average this money back in into a few existing positions and perhaps add …
Hi MikeM,
You make some good points. Although I compare the performance of my portfolio to a benchmark ... its true test comes in does it meet my needs. After all, if it does not meet my needs it does not matter what a benchmark might be doing. …
I thought I’d comment on a few things. They follow.
Item 1) In reviewing IRNIX which was presented by the Vintage Freak although it is a fund of funds it does carry a four star M* rating and has a duration on 3.35 years. So with this it appears g…
I thought I’d comment on a few things. They follow.
Item 1) In reviewing IRNIX which was presented by the Vintage Freak although it is a fund of funds it does carry a four star M* rating and has a duration on 3.35 years. So with this it appears g…
Hi Vintage Freak,
I studied both of these funds because you presented them to the board.
IRNIX is an interesting fund as it seems to hold a good number of mutual funds and I counted at least 24 of them within its portfolio. Therefore, for me, it …
Yes, I have a good number of them on my watch list. However, for me to buy something new I'd be a seller of something somewhere eventhough I recently sold three funds MFLDX, JCRAX & KSDVX ... I am currently in a build cash mode. Also, a good n…
Hi Paul,
I too, can buy some load funds at nav.
The ones that I currently own are as follows:
INCOME AREA: Fixed Income Sleeve: ITAAX, LALDX, THIFX, LBNDX, TSIAX & NEFZX … Hybrid Income Sleeve: AZNAX, ISFAX, CAPAX, PASAX, PGBAX & FKINX…
Hi John and others,
I agree, we investors who have logged some time and have followed the markets through the years have an awareness of when good value can be had in the markets along with a feeling when valuations have become stretched. Currentl…
Thanks again Scott for expressing you thoughts,
You make some good points ... However, for me at this time I'll book my profit and move on. I was close to letting All Asset go and kept it under review for a good time. However, the difference betw…
Thanks BobC for your comment I will add you as a hold in the poll. Always enjoy reading your comments. Last year I owned All Asset which was a topic on the board. At the time it was faltering and I gave it a full year to get its act together ... …
Hi Scott,
One of the things that I have noticed about the fund since the first of the year is that it seems to be positioning into more value oriented stocks as its p/e ratio has dropped considerably but even moving from a growth orientation to a …
As of Sunday AM 7:45 EDT, as I write, here is how I have scored the comments.
Undecided 1 (me) ... Hold (2) Old_Joe & Scott ... Sell (2) Chinfist & Decrow ... No Opinion (1) Junkster. Although, I scored Junkster's comment as no opinion I…
Hi Old_Joe,
Does that mean you are going to hold on too?
I've got some good profit thus far in MFLDX and I was thinking of taking my profit to my pocket and then putting the principal to work in another position ... possible FCHSX.
Old_Skeet
Hi JohnN,
Thanks for posting. Being retired I am now finding myself away form my computer more often and for longer periods of time. I have, through the years, found good value in Mr. Rowland's newsletter and use it as an aid, at times, to help p…
I own four of the funds that were listed in the article. They are IGPAX, CAPAX, SVAAX & ISFAX. Thus far, I am well pleased with their overall performance plus they have been good income generators.
Old_Skeet
Hello Bob C,
Nicely written.
Since I am now retired I have dialed my risk downward within my own portfolio from where it was five, or so, years ago. This was because five years ago I felt there was better value to be had in the markets and I wa…
Hello,
Since my last update of June 22nd I have opened a position in BWLAX in the growth area, large/mid cap sleeve, making this fund number fifty two within my portfolio and the sixth member within its sleeve.
I have linked below both its fact sh…
Hi Tony,
Jeffery Saut of Raymond James feels there is a sell-off brewing too. I have linked his weekly commentary for those that are interested in reading. It is titled "Making a Market Call."
http://www.raymondjames.com/inv_strat.htm
Old_Skeet
Hello,
One of the ways I have raised cash in a rising bull market when I felt either stocks were over valued or I had reached the upper limits for stocks within my asset allocation was to set up a systematic sell down process as stocks continued to…
Hi bee,
I noticed that too as I have a metals fund is my asset compass. However, I have become more income oriented, now being in retirement, and less apt to make special investmets in assets that don't produce income. Junkster made a good call a…
Hi Crash,
My compass is still working in my 1992 Cherokee along with its outside temperature reading sensors. My wife and I looked at the new Cherokee ... but, decided we'd look for a low milage clean preowned Commander (more room and less facny d…
Hey, Thanks Ted for letting us know what was going on. For the very reason that you have stated I run standby generation that draws its fuel from my utilities natural gas line. I use to have one that ran on gasoline and it was a pain hunting gas f…
Hi Guido and others,
About a year ago and in the belief that interest rates would be rising I looked for ways to reduce the duration within my fixed income sleeve within my portfolio and I switched out some intermediate term bond funds for some wit…
Hello,
Old_Skeet is old school here as I still use my 1992 Jeep Cherokee Lerado to put my boat in and out of the water at the coast. Still in great shape and an eye catcher with the Jeep folks. And, yes it is still driven and has about 140,000 m…
Hi Gary,
I have this fund under review myself as a possible holding in the growth area / specialty sleeve of my portfolio. I have linked information on the fund below should others might wish more information on the fund.
https://advisor.fidelit…
Retired ... According to M*'s Instant Xray analysis my current allocation to small caps equals about 6% and to mid caps about 18%. This is towards the historical low range for me as I have been as high combine (both small and mid caps) in the 35% r…
Since my original post under this thread dated June 7th I have continued to buy around the edges and I have added to my position in TOLLX which is a member of the specialty sleeve as a momentum move and I added to TSIAX which is a member of the inco…
Hi DGoodrow,
Let me extend a welcome having been a member of Fund Alarm and the MFO community.
Just know for every poster that might inhibit your participation and even at times call you out on certain things ... there are others that value new pe…
Hi Guido,
Let me say ... Welcome.
Ted is one of our senior members here at MFO both in age and time on the board. He does a good job of bringing links to the board for all of us to enjoy. And, at times it happens that one of us will duplicate on…
Hi Ted,
Thanks for all those great links. I read a good number of them and no doubt I'll miss them going forward should you carry through with your departure. Nobody can replace the link master.
Best wishes,
Old_Skeet
Hi Scott thanks for starting a new thread on the subject. I always enjoy reading about what others might be doing in tweaking their portfolio. For me, I have been buying around the edges when I can find out of favor assets that fit within the area…
Seems there is a cman financial that does post on facebook ...
Check it out ... as I have linked it below.
https://www.facebook.com/pages/Cman-Investments/156859291015222
Now, I womder if his compliance department, if there is one, told him he ha…
