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.
Following discussion with much interest. It occurs to me that while Grantham may or may not be 100% “correct”, his views can be included as part of one’s ongoing thought process and help us arrive at intelligent decisions. Had a wonderful college …
Watching FTN on CBS Sunday morning. Sad that the host / moderator doesn’t understand what NATO is and doesn’t realize that the Ukraine isn’t part of it. That made her questions to the governmental figure representing Belgium ridiculous. Maybe she’s …
Benchmarks should be simple & stable/static. TDFs are too complicated as general benchmarks. Then, there are wide variations among the same-dated TDFs.
This is why I like previously mentioned Fido Asset Manager & Vanguard LifeStrategy serie…
In a nutshell, it sounds like choosing some of these funds as your benchmark is equivalent to trying to track a moving target.
To the extent those changes reflect a changing investment playing field (ie diminishing fixed income returns) than it’s p…
A number of posters have referenced possibly investing 100% in their chosen benchmark fund. Not a bad idea. That’s what prompted me to switch from TRRIX to PRSIX in early 2021 and than stake out a modest portfolio position in PRSIX. It’s a very goo…
When a fund house (VG) can tumble from #3 to #43 in a year there’s something wrong with the gage being used.
However, the article is interesting in analyzing specific investment approaches used by various practitioners. Definitely worth a read.
“I don't use a bench mark & find my account continues to grow.”
@Derf - Think of benchmarking as “extra credit” school work. Something some of us “nerds” do hoping to get an “edge” on the rest of the class.
However, I agree with you the botto…
Just to chime in, I’d earlier incorrectly denied “bashing” CW and asked @wxman123 to point it out if it had occurred. So, he was kindly responding to me and my earlier false denial. On the larger issue @Baseball_Fan raises.
Let freedom ring. But …
Thanks @MikeM. Great question. You & I go way back on this one.
WOW - Lots of changes for me the past few years.
- My original benchmark (for 15-20 years) was TRRIX (40/60) - although I deviated away to “buy down” on equities during the ‘07-…
Thanks @msf -
FWIW I’ve now moved all except D&C to Fido. The small / modest sum at D&C is fine where it is - spread across DODIX, DODBX, DODLX. I like their funds a lot - but that’s another topic.
Should we get a really nasty “downdraft”…
@wxman123 - Kindly point out where you see “bashing” here.
"My Lord - she comes across as a carnival barker with an evangelical bent (although she avoided mention of God). I can imagine many vulnerable individuals having been lulled into buying AR…
“Fidelity's charge of $5 to buy, $0 to sell seems pretty cheap.”
However, I just ran a test at Fido by hypothetically buying 2 different D&C funds (DODIX, DODFX) with 2 different imputed amounts ($2500 & &5,000). In all 4 cases the cos…
Hi @Mark - I’m a dedicated Bloomberg viewer. Bloomberg is more focused on the broad macro-view as it affects investors (interest rates, Fed policies, commodity prices, sectors, company leadership , etc.). To even interview a fund manager during…
CW bashing is unjustified (at this point
@wxman123 - Kindly point out where you see “bashing” here.
CNBC advertised this as a 90 minute interview. Absent commercials and moderator’s questions CW was given at least 60 minutes of largely uninterru…
@Baseball_Fan - Thanks for your thoughts. I follow the drift. Bright prospects can sometimes turn into dumpsters. I like the idea behind ARKK. On the other hand I’ve always strived for a low volatility portfolio. Gets back to @Derf’s point in anothe…
I’m not a trained interviewer. Maybe you are. But a Chris Wallace or Jon Stewart would have drilled down more and not allowed her to talk 90% + of the time. To some extent I think the issue of interviewer quality or effectiveness evades the larger …
Is there no fiduciary responsibility to represent an investment offering in as objective a manner as possible - including mention of potential risks?
I ask after viewing a more than hour-long interview with Wood on CNBC Today. My Lord - she come…
Today’s WSJ leads off with an in-depth piece - “The Fed Missed Inflation. Can Jay Powell Tame It Without Causing a Recession?”
Excerpt 1: “There are people who are living in a world in which an aggressive Fed tightening—an increasing possibility …
There’s no way I know of to tell what inflation will be in future years. I hope the low-ball theories are correct. Just for the hell of it I ran a calculation using annual compounding and the latest government reported 7.5% YOY inflation rate. That …
Thee thread doth drift … though I’m all in favor of saving the manatee.
In investment news, the free-fall in fixed income slowed or stopped today - only temporarily arrested I suspect. All mine were flat or slightly up: DODIX, CVSIX, PRIHX, DOD…
@stayCalm- "OT" refers to the "Off-Topic" MFO discussion section. It's the designated section for commentary which has either very limited or no direct connection to financial matters. msf's unwarranted snub notwithstanding, some of the oldest if no…
@sma3 Thank you for catching my misstep. I’ll (cheerfully) edit earlier post to delete comment.
Here’s the name of DFND - Clearly not a Simplicity offering: Siren DIVCON Dividend Defender ETF
I don’t have any opinion on PFIX as long as folks und…
It’s an interesting snippet. Sorta what my humble non-expert view might be. But one who tends to view worst case scenarios. Off and on there’s been talk of “liquidity problems” in the media. Most recently on Bloomberg’s last Wall Street Week show…
From today’s Wall Street Journal - February 14, 2022
“In a highly unusual move, the Canadian government on Monday invoked a series of emergency powers that include limits on public gatherings in a bid to end disruptive demonstrations in the capital…
Monday was a bit curious in that most of the defensive funds I track (about a half dozen) failed to hold water in the face of a rather broad based market selloff. HSGFX managed to loose .44%.
CCOR lost 1,50%. SWAN down .88% And DRSK off about .30%.…
I have no opinion on “transitory” or “non-transitory”. Nor have I any opinion what folks should buy if it turns out to be the former or the latter. But Barron’s this week seems to confirm what I’ve been seeing for about a year when I grocery shop.…
Price’s RPEIX has a similar mandate but is much lower octane than what you’re messing with.
Here’s a blurb from TRP: “The Fund seeks high current income. The Fund invests at least 80% of its net in bonds, and seeks to offer some protection against…
Just don’t lose sight of the fact the same individual is also bearish on equities. “… guiding the financial markets into a very nasty mess“ encompasses a lot more than just bonds.
FWIW - I checked RPSIX the other day and it seems to have held u…
Thanks @Crash / I wasn’t even aware M* provided that kind of analytics on individual stocks. ISTM they made their mark evaluating & rating mutual funds.
I was searching for something like @davfor’s chart last evening. Finally dawned on me this morning that the free Bloomberg ipad app lists YTD performance of many markets - domestic and international. Stuff like that helps me get my head around wher…
I wasn’t aware websites were required to “obtain consent” to track before Apple clamped down only a few months ago and imbedded in their devices the requirement trackers announce their presence and ask consent. ISTM up until Apple’s proactive move …
