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.
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…
@msf makes good points and my take-away is that we as shareholders learn late in the game what a manager’s strategy might be (or was at a point in the past). Most MF prospecti give latitude to permit an active manager to shift back and forth between…
Good point, @MikeW: the Matthews fund, MASGX, has done really well in recent years. Over a five-year span it is tied in total return with the Calvert ESG entry, CVMAX. MASGX made up a lot of ground in the past two years. One of the nice things about…
Schwab has some other perks that I like. The debit card issued with Investor Checking (its ludicrous to call it HY) has no foreign transaction fees and ACH transfer fees (nominally $25) from the brokerage account are waived. Just paid quarterly taxe…
Thanks for starting this thread, @stillers. SCV is definitely volatile as a glance at the charts of the three ETFs I reviewed: CSB, DES, and VRB. The first two pay dividends monthly while VRB pays quarterly. I bought CSB for its compact portfolio an…
Many good suggestions already posted. Even though it’s new, I think Matthews is a good shop and that MEGMX has a good chance of riding the EM updraft. For small and micro caps EM, GPEOX is worth a look. I have never owned DRESX, Driehaus EM SCG, but…
@racqueteer: I have some « play » money in AARK. While the fund may be risky, it’s not like some other whacky ideas I’ve chased in in the past. Anyone remember the FlavrSaver tomato or SureBeam (the ones who sold a produce radiation system to prolon…
My parents carried Puritanical anti- gambling attitudes from their parents (one grandfather ran for office on the Prohibitionist ticket) into raising me and my siblings. I have a prejudice against lotteries, probably ingrained. Without pre-judging b…
If it were my kids, I would go with a Russell 3000 ETF, and I’d probably go with the lowest ER instrument. FWIIW I have one of my kid’s account in VIG, AKREX, and PTIAX. It’s a little more conservative now as she may need $ for med school.
@MikeW: I tried to get a discussion going a couple of weeks ago about Distillate Capital, the company running DSTL and DSTX. Kiplinger's put me onto checking out this manager in its listing of the best ETFs for 2021. DSTL figures in the list and it …
The article highlights the thematic ETFs that ran the table last year, including those from the Ark shop. Zweig cautions that these funds are as risky as story stocks and cites research that showed that thematic funds underperformed conventional fun…
From what I can tell, MIOPX and MFAPX have a couple of differences in their portfolios. The former has about 11% in US stocks, the latter about 4%. MIOPX has a greater allocation to developing markets, approximately 37% vs. 22%. Heugh seems to be ab…
@JonGaltill: BCSVX is not an EM fund, but it is a small-mid cap international fund that follows the Brown Capital process for selecting stocks of companies that "will make a difference." The domestic version, BCSIX, and BCSVX are heavily weighted in…
That's helpful, @Derf. One of the reasons I have moved away from GP's funds (Micro and Contrarian) is the number of companies the individual funds hold, to say nothing of the volatility. As many of the firms are very small, it seems to me that the a…
@davidmoran: You had company when you did some selling in the spring. I, too, predicted that the pandemic would cripple the economy and the markets. Had I done nothing, my assets would have weathered the storm. I sold a mid-cap value fund in my reti…
I finally read the GP letter. Lots of trees, not much forest. I could not understand how the head honcho did not address the effects of COVID-19 on the travel his analysts purportedly do in order to visit companies around the globe. He said their IT…
@Baseball_Fan: your spell checker just produced a howler: « tonsure overseas. » I’m sure Laura Geritz at Rondure does not want you to get a haircut as the result of buying her fund. OTOH, we should be aware of all possible pitfalls when we invest, e…
I am probably way behind the 8 ball, but I find it astounding that ESPN broadcasts poker games. That seems to be couch potato squared: sitting while watching others sit and stare at cards.
I believe most global or international funds are not limited to purchasing Chinese equities on the NYSE, but can purchase them in HK, Europe, or on other exchanges. Individual investors who want ADRs of Chinese listings could be shut out.
I have followed this a debate by two astute commentators. I have to wonder if too much hair-splitting is not taking place. For my money (and I have none in AOK or any other allocation fund in the accounts I manage) I would pick a fund run by compete…
I'm glad no MFOer paid attention to what I wrote about Distillate Capital ETFs because the ask prices are not being inflated by purchases of the big machers who post here. I have a couple of toes in the domestic version.
« Gib » turned out to be a sticking point in the negotiations. Seems that Spain did OK, although the Spaniards still want the rock as part of their country. Goods and services will continue to flow and passport and immigration procedures have been a…
I think @Old_Joe is onto something. Forget the F’n stock market and get into passion fruit juice futures! Today is looking very much like a day when stocks are on sale or still hung over from @davidmoran’s wassail bowl. Happy New Trading Year to all.
You are right, @davidmoran, to question a description of a strategy that includes the pointless use of jargon. If the manager sells a lot of shares for a gain, he does not "unlock" capital gains. How, for instance, can a mutual fund "approximate" a …
Very good point, @davfor, about « purity » of EM holdings. The Matthews fund appears to have only Heineken and Louis Vuitton as companies that are domiciled in developed countries. I note also that South Korea is well represented in the holdings. I …
Thanks, @davfor. I have upped my commitment to ARTYX. It's been a bit more volatile than MEGMX while outperforming it. To be sure, MEGMX is a new kid on the block and we won't know for some time how it plays out. I recently added XBUY for exposure t…
@Mav123: I also looked at that jibberish of a sentence and wondered if the English language has a future. String as many nouns (5 here) together as you can find and blast them out into cyberspace in hopes that no one will notice that you are being d…
Your comment, @davidmoran, reminds me of the Herzfeld CEF, CUBA. It’s original concept was to reap the rewards of Cuba opening up to capitalism. One of the big holdings was St. Joe. Somehow the concept proved a cropper.
Thanks, @TheShadow. I certainly could not figure out what happened from reading the legalese. It cannot be repeated often enough, « Only The Shadow knows. »
« 1929 will never repeat... »
When my parents died and their house needed selling, my sibs and I found a pile of stock certificates representing shares in companies that had ceased to exist as result of the Great Crash. It was both fascinating and s…
