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.
+1 Thanks @sma3
Shorting stocks is fraught with peril. Simple reason being a stock has no limit (theoretically) on how high it can go. Losses could be indefinite. However, in the hands of an experienced trader, fund manager, etc. short sales ca…
Perhaps it’s already been noted, but a clue to how well a find might hold up can be found in its 2008 performance as well as by looking at how it fared during the first quarter of 2020. Of course, not all funds under discussion date back that far. …
”Yeah- that parade scene is right out of the Nazi pre-war propaganda movies. Chilling.”
@Old-Joe,
You might enjoy appreciate this clip from Cabaret. We know where it all ended up. Only a few at the time sensed the impending disaster.
TMSRX only concern is that expense ratio is 1.29.
You’re being generous if that’s your only concern. Some of that “fee” isn’t really related to management of the fund, but simply reflects some of the expenses peculiar to short selling. For many y…
”I worry that standard 30/70 funds will do poorly when both bonds and stocks get hit badly”
That’s a great point. Normally “the world turns over” every 24 hours. But when it comes to falling or very low interest rates, this has been going on now for…
Thanks for comment. What happens. I read something (in the paper edition) and it strikes me as possibly relevant with a deeper significance. So, I Google some key words, locate the article and link it without without much explanation.
What I was t…
Looks like this “investment” lost 20% of its value at 11:04 AM today. Guess I just don’t understand modern investing. Used to be if you lost 20% in a whole year it was bad.
Day’s Chart
- Review went up (although I’ll probably take it down after I review the seller).
- Same item from Lowe’s arrived today.
- Lowe’s had changed my order from “in store pick up” to home delivery w/o my convent.
- UPS driver and I inspected conten…
“These in turn all changed name from AIM to Invesco in 2010. It took just 14 years after Invesco acquired AIM to make the change.”
Thanks.Very helpful info. I’d assumed from the names (“Core bond fund” among them), that they were former Oppenheim…
Good numbers. As an aside, you’ve shown that ALAAX currently holds substantially more fixed income than PRSIX.
PRSIX = 41.21% fixed income
ALAAX = 49.83% fixed income
Difference = 8.62%
Truth be told, a higher % in fixed income (ALAAX) wo…
@msf - Nice statement summarizing Ed’s statement’s likely intent & his preferred method of investing. “Buy for a nickel. Sell for a dime.”, me thinks.
You may / may not have realized I’m quite fond of PRSIX which you have introduced into the …
@hank Good luck. Mine usually (not always) get through.
Thanks @ Anna.
Mine’s “sort and sweet”. But not really aware how one properly “reviews” 2 boxes of broken-up glass. :)
I had a frustrating “chat” with an Amazon rep this morning that left me really worried. The guy or gal seemed in total denial that anything was amiss. Than I read this:
“We want you to buy with confidence any time you make a purchase on the Amazon…
One I’m messing with just a bit but am reluctant to mention: ALAAX.
What is it? An income producing fund with about 50% in bonds, 30% in equities, 5% cash and 15% “other”. (The “other” likely includes REITS, commodities, convertibles and a few s…
@Derf - Second moral = Don’t buy from Amazon’s 3rd party sellers. EBay is close, if not better on price. And Ebay (in my experience) is much better at compensating you if a seller refuses to.
@newgirl -
No criticism of you intended. Ed’s one of my favorites. So, I appreciated your invitation to address his piece. He has an interesting writing style in which he seems to be “thinking out loud” (on script) as he goes along, rather than …
I submitted a negative review of the badly fractured $400 toilet. Amazon’s response:
“Thank you for submitting a customer review on Amazon. After carefully reviewing your submission, your review could not be posted to the website. It appears your …
@newgirl …
When we add the qualifier you omitted (“on occasion”) the suggestion of Ed’s you’ve identified is placed into its proper perspective - that being just 1 in a series of suggestions for investing in uncertain times and where asset valuatio…
I’d agree with @Sven that the majority of purchases from Amazon have been positive. Just yesterday a “used” coffee maker (obviously a customer return) arrived and it looks and works like new. Instead of the normal $70-$80, it cost only $40. And I’…
@BenWP - You are mostly correct. (But it has to do with moderating potential losses on the long end.) The rationale was explained somewhat better in my comment in @davfor’s recent thread.
But FIDO hopes you've at least thought about an exit strategy. I consider this thoughtful of them.
One may imagine the message you would have received from a RobinHood account: "Don't you want to buy some more?" "You call yourself an investor?" …
@bee
Templeton is one of my all time favorites. I owned his flagship TEMWX almost from its inception and during the time he managed it. That said, Sir John had a very long-term focus. That’s fine for those who can ride out even the fiercest of ma…
Meanwhile, Fidelity’s on hiring binge.
Re TRP …
- One might attribute the poor customer support to Covid restrictions. I accepted that for nearly a year before recognizing their problems were deeper seated. I’ve tried unsuccessfully to uncover if…
The FT article (OP) is dated August 25. Here’s what it states:
“But Giroux has cut the fund’s equity exposure down from about 70 per cent at the market low of 2020 to the mid-50s per cent level now …”
Lipper, which is usually pretty accurate, …
Rather than lighten up on an already slim equity exposure, I bought a little DOG today. It’s 1% of total holdings and I do not intend to add to it. Not sure if this is going to work. But I think we’re over-due for a correction. Certainly don’t vie…
Sounds about right @Sven. According to Investopedia they have up to 60 days after a quarter’s end to file their holdings with the SEC. If this is tantamount to a “public release”, than the near 2-month delay in D&C providing the semi-annual r…
OEF reports are, annoyingly, usually at least 2 months old by the time they come out.
Right. Seems to me D&C emailed me the link to the semi-annual within the past few days. But I could be wrong. Agree that the June 30 date on the D&C repor…
Good stuff. Hard to believe Giroux has been running the fund for near 15 years. I have a modest weighting in PRWCX along with about the same amount in DODBX.
Read D&C’s semi-annual last evening. They have the fund invested 66% in equities…
And we are slow learners. Very slow.
The fact that none of the news outlets (CNN etc) I follow that are hyperventilating over the current travails have brought up the prior Soviet involvement baffles me. I think it adds an element of perspective th…
It’s a nasty place to get involved.
The (1980s) War in Afghanistan and its Effects on the Soviet Economy
“The historical significance of this event is mainly embodied in the collapse of the Soviet Union … The war put immense stresses on the faulty…
my 'petty' proofing and query had only to do with whether the quote posted as from the WSJ was actually from the WSJ, given the 'typo'; no one here is served by inexactness, of which there is enough, much less suspect or sketchy origin …
@davidrmor…
Thanks @msf for the enlightening retort to the article I linked from the WSJ. I agree that the lending ability of mutual funds has been public information for many years. The % of fund investors actually aware of it, however, may not be high.
IMHO…
@davidrmoran
It’s actually a transcription error. Was unable to cut & paste the desired last few sentences. So I transcribed them reading aloud (ipad microphone function). Sloppy proof reading on my part. And I’ve corrected a couple other mis…
Well, Hussman is still the king of perma-bears. Does anybody hold any of his mutual funds? Even his defense is questionable, and there is no offense.
He’s done somewhat better recently. But for 10 years you’d still be underwater. Wonder what th…
“Red flag special” MWFSX
It’s so new Lipper hasn’t yet created a scorecard for it. 105% in bonds means they’re borrowing to exercise leverage. Yahoo doesn’t show duration or credit quality. But, @msf has indicated 25% below B Yikes!
Here’s Moody…
