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.
article smarter than the tips summary (naturally)
LOL - For sure. I listed his ideas outside the article to make discussing particular points possible (by number) if folks care to. Personally, I manage to break quite a few of those - but always str…
Thank you all. I’ve called off the search after hours of looking. GLDB turned up - but very new with high fees and not actively managed. RPAR is something I’ve looked long and hard at. Also a “no-go.” (The second - RPAR - is a laugher with Lipper s…
Thanks. I’ve long held PRPFX as a staple. It’s much more aggressively positioned in equities & metals than what I’m looking for for a bit of play money. HSTRX is a weird bird. Mixing in around 10% gold / pm miners was apparently Hussman’s w…
I think it’s worthwhile to keep this thread alive at least until the end of the year. The markets are somewhat schizophrenic today with the NAS down .5% and the Dow ahead by .25%. S&P flat (as of 1:00 PM.). I think a lot of us are anticipating a…
Thanks guys. No intent to diminish a fund I’ve owned since the late 90s. But I seriously doubt whether PRWCX would hold up as well in a bear market today as it did in 2008 (when it fell 27%). It was 2.3 months later (3/10/‘09) when equities finally…
Some times I have to laugh at myself for thinking I can do better than these balanced funds by making my "strategic" selections. I can't. I would have been better off over the years just putting everything in PRWCX and maybe a couple others.
While …
So slow! Even Bloomberg has ditched most of their regular programming for the week. Mainly two old dudes gabbing all day (normal market tickers displayed of course). Some stale old recorded interviews. Will need to wait until January to get my…
I read a recent article stating that $50 mil AUM is considered a minimum level for an ETF to be sustainable longer term and suggesting many newer ones may need to close in a few years if they can’t garner that level. I recently bought some of Invesc…
It’s nice not to be paying a 4%+ front load as I was with Templeton thru our only workplace option in the 70s. We accepted that as normal. Indeed, we were assured that the same fund(s) if purchased outside our privileged workplace plan would have c…
@hank... “ withdrawals look challenging …”
@bee - Distributions are always a challenge. I attempt to do just 1 every year. But it does require pulling roughly equal amounts (percentage wise) from 4 different sleeves - plus applying the correct % …
GLIFX is institutional. Appears to have a low minimum initial investment of $10,000.
GLFOX (open shares) was recommended to me 6-7 months back by a board member. I substituted it in my real assets sleeve for a commodities fund I felt was getting t…
“So quit worrying so much about that unlikely event ( really old and broke)”
Suppose we’ll get blasted for straying OT. Appreciate the takes of everyone. @Junkster doesn’t comment often enough. As he has mentioned before, the longer we’re invested…
Well, the name “Variant” seems a bit unfortunate in an era of Covid. As others note, there’s not a lot of information on this fund. Here’s one description:
“Under normal market conditions, the fund will seek to achieve its investment objective by …
JHQAX (reviewed series) annual distributions have been about 1% (though M* shows the fund has about 40% annual turnover). My thought was to put it in a taxable account. The inevitable question is, how tax risky is it to put it in a taxable account…
(Short Version) I have slowly disengaged from TRP’s funds after moving to Fido. Where practicable I’ve substituted ETFs both for their lower cost and greater flexibility making withdrawals or rebalancing.
Really sorry to hear of the frustration …
Thanks everyone for excellent discussion. A quick cursory glance at JHQAX reveals a few insights:
At Lipper, it scores in the highest percentile pretty much across the board. MaxFunds rates this outstanding (97%). The site estimates the fund’s …
It’s very likely most here have thru our investments achieved rates of return that far exceeded the rate of inflation for at least the past decade. So I, for one, don’t feel compelled to take extra risk now just because the rate of inflation has bu…
I'll play the Grinch ! Why wasn't this posted in OT?
I vote … Coal for @Derf / Gold for @rono
Similar to a blocking foul being called in BB, if the defender was already in position when the ball carrier arrived at that spot, there’s no foul.…
Not to interrupt the excellent flow of information here (much appreciated), but I know just enough of guns to say that the term “semi-automatic” understates the devastation these weapons can inflict. With a “semi-automatic” the gun continues firing …
Fixed income is broken.
That’s as we’ve understood it in the past. Rates on good quality credit are minuscule. And locking up a sum at around 2% for a decade or longer isn’t appealing. I’m thinking maybe floating rate? And for those who understa…
One of the major networks (ABC I think) showed footage last evening of a group of older men verbally harassing teens waiting in line for their Covid-19 vaccine. The kids found it quite threatening.
How low can these nuts go? Shots inside a Michig…
I think most fund investors (self included) are very “fickle” today. If a fund disappoints over a few months or a year they’re ready to pull money out. So, the more volatility that’s associated with a fund the more likely it is to experience these …
Sorry if I sounded ungrateful! Agree Giroux is always worth listening to. Just trying to summarize the interview for those who didn’t have chance to view it. First time I’ve watched CNBC in a couple years. On Bloomberg interviews are a mixed bag …
More re @derf’s query about % of transactions that go bad. Bear in mind that not all “transactions” are equal. I can’t remember an exchange between funds @ TRP ever failing to go through. Pretty routine stuff. Here’s where it became frustrating f…
What % of transactions that goes bad would be the question ? I had my own demons with trying to schedule. a booster shot. aaaaaarrrrghhhhh!!!
Internet failed twice , phone once . A real human , one & done !!
AWS (highly touted by Mr. Giroux on…
@ hank, msf mentioned that Pershing is running T. Rowe Price’s web service.
You are using Fidelity as your main brokerage?
Sorry I missed the reference to Pershing. Umm … I dealt directly with TRP since the mid 90s. Big difference today. Sure - …
Wasn’t a very far reaching or in-depth interview. It opened with the CNBC interviewer plugging a book Giroux’s written, although Giroux didn’t comment on his book. Interview was only 4 or 5 minutes long. Giroux plugged Amazon, GE and one utility (A…
+1 Guess I’ll set my DVR to record.
Umm … Wonder what he’ll say?
- Avoid bonds?
- Utilities still look good?
- He’s added to equities on recent down-drafts?
Well, that didn’t last long. Friday I bought a little bit of DKNG @ around $28.50. Saturday Barron’s published a “Buy” recommendation on the stock attributed to a company called “Benchmark”. They predicted it would soon reach $50. Today, predicta…
@BenWP - Size 265/65R-18 - Japanese off-brand. They ship UPS in 3 days. Yes, I have a local dealer who’s happy to mount & balance them, for a fee of course. These are a mud & snow tire suitable for both winter and summer driving. Have had …
Guaranteed ? @hank
“Max Scherzer is in agreement with the New York Mets on a three-year, $130 million deal. CBS Sports HQ's Jim Bowden confirmed the two sides were putting the finishing touches on the contract Monday afternoon. The deal will give th…
