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.
Bought a small slug of FLO - a small cap baked foods distributor. Have followed it for years. Has gone nowhere. Please don’t ask me why I bought it (but they do make delicious bread). Also - opened very small positions in PSQ (1 X inverse QQQ…
@MikeM - Thanks for sharing your take.
I speak only of short term hedges against equity volatility if that’s your game. Very few here mention hedging risk on their own. So, I assume it’s not important to most. Likely, they count on funds like JHQAX…
- For income, stability, safety the short to intermediate part of the curve (1-5 years) is easier to ride. Much less volatile. Not a lot of difference now in rates.
-There may be reasons to go further out if you believe rates will be lower than. P…
Apologies @bee. Will stop screwing around. ”Preparing for Rate Cuts”
- Well, the conventional wisdom is to lengthen out maturity bit. If I wanted to put a lot of $$ into bonds I’d aim for around 3 years maturity. Farther out is a gamble if inflat…
Ted’s no. Heard they used to drag race on Woodward. (Catch was probably over there). Saw a few shows at the Gem theatre. A few late afternoon / evening classes at WSU. Some time on the campus of OU as well. The small lakes in Oakland County wer…
Nice @Larry.
Never did any sailing on a real boat. But hoisted a few beers to The Sloop John B which came out in ‘68 while in college. The linked video is of poor quality, but sound is pretty good. May have been recorded surreptitiously. But grea…
”Negatives: below 4360 the fund is not protected as it is short the 4360 puts. You would be long 100% Large cap equities if the market was to head down 50%. (however unlikely a scenario it is in such a short time frame, it is a tail risk) …
Thanks…
Thanks. No offense taken @WABC. Yours was a good question. Perhaps better put as: “What are the relative risks / rewards of Tactical Allocation approaches vs Options Based approaches? What could go wrong with either?”
LCORX seems more “old schoo…
It's interesting--to me--to ponder the enthusiasm for this tactical-allocation fund on the ink-buying side of this site versus the disdain for option-based funds.
My initial comment was simply that I agreed with LCORX shorting the QQQ. Later, I att…
Thanks @Mark. Good article with some human interest. I always liked Manchin. Gosh - political rivals enjoying dinner, drinks and conversation together on someone’s boat? What an alien concept today. Good idea - except that if you went out alone …
Yes. 20% in a money market fund - Delaware Cash Reserves. The company is no longer existent.
Wasn’t all happy. Especially shopping for groceries in the big stores in the northern (Detroit) suburbs. There were always several employees moving up / …
A blast from the past.
Photo caption: ”President Ronald Reagan ordered Federal Reserve Chair Paul Volcker not to raise interest rates. It didn’t work.” (Barron’s, August 19)
Perfect @msf
It was getting late when I last posted and I overlooked the 60% cash figure @BaluBalu cited. As you stated, he was looking at the economic rather than classic view at Morningstar as I once did, For some reason the ”economic” view ap…
Pushing on a string may not be the best metaphor, but the Fed pushes on the short end of the curve. That end has a lot of room to go down without long end yields necessarily dropping.
Nice analysis. I thought the above bears repeating. While I’d …
”Curious why you are using March 31 portfolio info. M* shows June 30 info - 60% fixed income. Very different and dynamic as you mentioned. Seems like a tactical long-short allocation fund.”
The March 31 chart was posted only to allow comparisons w…
I had previously asked the owners of this fund to share a sentence or two about the role of this fund (and PRPFX) plays or would play in their portfolio, which would give us additional context. … I know @hank said why he is considering the fund. …
Thanks David. I’d read your initial post and was wondering if perhaps what I’d noticed last week was just a lag in M * reflecting the increased short position. FWIW - I’m attaching a copy LCORX’s allocation as reported in the semi-annual report, …
For some perspective - On Aug. 15, a 5% money market account would have returned 3.225% YTD. Somebody smarter than me would need to do the risk comparisons and determine whether holding LCR over those 7.5 months produced a sufficiently greater re…
LOL - Wish it were that simple! However, I have not held much cash for many years. I understand that the hypothetical, highly rumored, speculated and anticipated “Fed rate cut” would impact those who have been sitting in cash for the past year (…
M* shows HOBIX 70% in bonds, over half of which are classified not rated. I’m curious what the 24% “other” might represent? Derivatives come to mind. But could be convertibles.
Suspect this has been written about / posted because it might be a …
Re #1 - Agree with @Sven (LCORX). Process of elimination. The 3 remaining choices would not appear very well correlated based on holdings.
Re #2 - TMSRX is liable to go anywhere. Presently net short equities by 10%. So it is not presently corre…
I learned the hard way that those “fair value” ratings are worthless.
Bought 2 very depressed small-cap stocks more or less on intuition + personal knowledge of the companies June 26. (Posted in the B/S thread.) I later checked the ratings at M*,…
to own.
“Yes, I take all my investment direction from various message board postings at MFO. Works like a charm.”
What would be fun would be if MFO published its own “recommended portfolio(s)” around January 1 every year. Toss out several diffe…
“Bought LCORX today because it came up in MFO conversation …”
That’s as good a reason as any. I can’t see making these decisions overly complicated. :)
Tips seem almost mandatory at many venues. I drink non-alcohol at plays in NYC. At $200-$300 a seat why would you want to sit through a performance with a buzz on? Bought a plastic cup of soda with some ice for around $12 at intermission recently…
You can buy streaming rights to West Wing for $30 a season on Amazon. Offered through Prime Video but you do not to be enrolled in Prime. Not bad for 22 episodes. I’ve had good luck buying instead of renting. No time constraints as to when or h…
"Is this a buy and forget fund, as I am looking for one? If this is not a buy and forget fund, what purpose does this fund serve in a portfolio?
I would never buy an OEF (traditional mutual fund) that I didn’t consider a long-term hold (“buy and…
:)
Thanks @stayCalm
You are correct that we all have different needs and assessment criteria. Often something I own makes sense only when put in the context of overall portfolio. I quick-scanned VBIAX. With 100% now at Fidelity it would not easi…
Based on above stats, about the same risk and returns for both. So LCORX is not for me but I'm happy to learn from others on why LCORX.
@stayCalm - David and others may want to engage in comparisons with similar funds. Personally, I’ve never fel…
OMG, I gotta find that restaurant.
No. Invest in it.
Added: GHC (Former Washington Post Co.) is a conglomerate of mostly small caps. Among its very diverse holdings are some upscale restaurants in the Metro DC area. I wouldn’t be surprised if t…
Thanks for sharing @David_Snowball …
Shorting the QQQ would seem, to me anyways, a “no brainer.” Yet, shorting anything is fraught with peril for the average Mom & Pop investor. Best left to the pros. Kudos to Leuthhold. As a (not unbias…
”Bought a tiny speculative short-term S&P short position based soley on a gut feeling looking at the chart. As usual, the potential loss on such position is roughly equal to a steak dinner in Georgetown”.
Wow - @rforno. That’s a “gutsy” move. …
