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.
I have heard two interviews, one on “Sixty Minutes,” with Bill Gates regarding his recent book. I have not read “How to Avoid a Climate Disaster, “ but the ideas Gates has and the resources he’s putting into their realization are quite impressive. I…
@msf: I knew which shares I had previously sold, and I had good records, but when BRUFX issued its 1099 this year, the fund had combined several of the sold shares into amounts that I did not recognize immediately. It didn't take forensic accounting…
I sold BRUFX in 2020 as part of simplifying and consolidating various accounts. Previously I had sold some HCFO shares, picking the ones I wanted to sell, a method that required me to do likewise with other sales, even though I was closing the accou…
The two Driehaus funds I own are DVSMX and DSMDX, both run by the the managers who have made the closed Driehaus Micro Cap fund a success. These funds are volatile, dropping as much as 4% per day when the markets nosedive. I have no clue as to their…
Good points, @hank. I do like the deep bench and the research at TRP. RPGAX has done well for me and I am committing more former bond dough to TMSRX. Both funds utilize the managerial skills of a range of strategies, so they are funds-of-funds. I t…
@davidmoran: thanks for the MacInTax memory. I got my first Mac in 87 and started using the software the next tax year. It evolved into TurboTax, under the Inuit umbrella.
@Old_Joe: I thought you were making a fortune on passion fruit juice futures. Where’s Joe D when you need a hero? The baseball cards I remember from my childhood were all scuffed up from tossing them in playground competitions the object of which wa…
See @TheShadow’s posting today about Matthews combining Emerging Asia and Asia Small Companies to create a SCEM fund with world-wide coverage. This discussion has pointed out that there are not many such funds extant. Others can let us know what’s g…
That’s very helpful, @finder. I was referring to the same 19(a) forms and with your explanation I now realize that a more precise tabulation of ROC will be required. I hope Schwab does it right.
I hold some IOFAX at Schwab and since the disastrous fall in the share price last year, I have received an email referring me to the monthly AC details on the distributions, with the ROC clearly identified. Unfortunately I have not archived or saved…
Regarding being late to the party in buying the stocks of vaccine makers, consider the example of one high-flyer, NVAX. This company, started about 35 years ago by Johns Hopkins scientists, had never produced a successful vaccine until the current e…
@msf makes valid points regarding GP’s exposure to certain favorite stocks and the difference between BCISX and GP funds. BCSIX now holds $8B+ spread among 41 positions, holds no international stocks, and is a different animal from any GP fund. Prob…
Not to quarrel with accepted wisdom, nevertheless I wonder if GP could show shareholders what advantage it has been to them to close only to re-open several of the funds. When I look at GPIOX and GPGOX, the ones I used to own, I see AUM south of $1B…
Thanks for digging all that out, @msf. For some reason reading that arcane stuff is amusing. It makes me wonder what sort of people work at a fund like that and whether they ever come out from behind their bank of monitors to glimpse the sunlight. I…
Thanks for doing that, @Old_Joe. I’ve been scouring my Gmail for his info, but could not find it. If you hear from him, please PM me his email. Be safe! My wife and I are 50% vaccinated.
@MikeW: when I was teaching I had a friend in Finance and we used to yack it up about equity CEFs. He actually knew something about international finance, while I was an amateur. After I retired I ran into him and I asked if he still was using CEFs;…
Your post reminds me, @Crash, of the old days when CEFs were the only game in town for single-country bets. Prodigy had a board populated by CEF nuts, one of whom published a weekly table revealing discounts and premia, as well as performance figure…
Good grief! SPCAX has a turnover ratio of 4,249% according to M*. Maybe @msf’s legion of fact checkers/researchers could compute the average holding period for a typical position given that number. IIRC, a 20% TOR results from holding a position for…
Thanks@wxman23 for adding to my investment vocabulary. I’d like to know the origin of “stink bid,” if you know it. I do place orders below the bid price, but I did not know the practice was enshrined in an expression. It takes patience and a willing…
I see the figures you’re talking about @davidmoran. What are the « Other Positions » held both long and short, what are the 38 Stocks held short and where is there an accounting of them, either in M* or the TRP disclosure of fund holdings? For a h…
@Old_Joe: keep at it! The effort will improve your mental acuity. LOL.
I got it in my head the other night that I had to sell something right at the market’s open. Well, that day, the Schwab site was completely off-line because of GameStop shenani…
Somebody has to pay the IRS if the gains are realized. Either the MF makes a massive distribution at year-end affecting the shareholders of record at that time, or the shareholder sells the fund resulting in a big short-term gain. Taxes are on my mi…
Despite hoping EM and SC might do better in the future, I have to align myself with @LewisBraham in recognizing that world markets rise and fall together these days. Much rationality has succumbed to trading schemes that I can’t understand or benefi…
MIOPX, 3 yr and 5yr, is in a dead heat with VWIGX. I don't own any Vanguard funds in my fund supermarket account, but I assume there's a transaction fee. MS funds are no-load, NTF where I shop.
This is not the first time Kiplinger has recommended DFDMX. DF Dent has some very good funds and its managers write some of the best reports available. For trivia fans, Brown Capital, Brown Advisory, Dent and TRP are all in Baltimore. If Legg Mason …
That's a great site, @catch22. I had been using CNBC, but that one is nowhere as complete as yours. No self-respecting long-term, buy-and-hold investor should be without access to futures and overseas market prices at any hour of the day. LOL
Just from watching this board I am sure that positions some of us hold via the ARK funds are seeing unusual volatility, both up and down. M* has had to review its rating on Baron Partners because Tesla has come to represent 47% of AUM in that one fu…
That’s very helpful @Baseball_Fan. When Professor Snowball profiled ARTTX in its first set of clothing he pointed out that there was no measurable management record for Mr. Smith. As you rightly say, he now has a record at Artisan and it is plausibl…
@ Baseball_Fan: I have not paid attention to ARTTX, despite owning 3 of Artisan's funds. Since its début in 2017, the fund has undergone one name change and the "group" running it has also re-named itself as "Antero Peak." I see that the fund can sh…
It is so hard to convey irony or whimsy via electronic posts. Lewis does not want your address @Baseball_Fan, but he does want you to lighten up a little. All of us need to lighten up, especially with respect to those who draw conclusions from sca…
@stillers: I appreciate what you’ve said when comparing MIGPX and MGGPX. The team at MS led by Dennis Lynch has a great record in several funds. The risk that Kristian Heugh is stretched too thin across several funds seems real to me. The only WS gr…
