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'm a little put off by David Herro joining the Roundtable and then having to clown for the photos. I don't invest with Oakmark because they have celebrity managers.
I may be one of the lucky ones who got upgraded to Premier automatically just after the news stink hit the wires. I clicked on the upgrade button after installing Deluxe and working on my return; I am now Premier, but did not get charged anything ex…
Here's an even more puzzling one: Homestead Small Company (HSCSX) top two holdings are iShares Core S&P Small Cap (IJR) at 4.9% and iShares Russell 2000 Value (IWN) at 4.76% of assets, respectively.
SBIO follows the Poliwogg Medical Breakthroughs Index, as volatile a collection of SMIDs as I've ever seen. (You couldn't make this stuff up.) Poliwogg has a new CEF in registration, the Poliwogg Regenerative Medicine Fund, with a target launch date…
While I do manage our taxable and Roth IRA accounts, the bulk of our retirement savings are managed by TIAA-CREF. I rely on professional advice for that portfolio's construction (after specifying my goals and risk tolerance) and leave the decisions …
I stopped using our FIA (BofA) card because of frequent shut-downs. Worst was in Europe where we got stuck having to use a back-up card that had a foreign-exchange fee. Complained to BofA (who at one point had our credit, checking, and mortgage acco…
I will also be shifting some dough from OEFs to Schwab ETFs in a taxable account. TD Ameritrade has fallen way behind in the number of commission-free ETFs offered. As our several tax-deferred accounts are with TDA, I have begun thinking of shifting…
I failed to get our subway tickets stamped before getting on the train in Vienna last fall. Two goons from a really bad WWII movie asked my wife and me to step off at the next station, whereupon I was shown the fine print and forced to pay a fine of…
I think our board leader was pointing out that we can learn something from MF managers if evidence of what they read shows up in their shareholder letters. Absent such evidence, we learn nothing.
Everyone's situation is not the same, so comparing vehicles in which to invest in health care may not be a matter of apples-to-apples . HQL and HQH make considerable periodic distributions; these would be taxable events in a regular brokerage accoun…
Thanks for posting this report. FWIW, there was a nice entry point in mid-October for THQ. A sudden price decline and resulting discount don't usually occur so close in time to an IPO. Fund price has risen about 10% since.
You could subscribe to Tom Herzfeld's CEF advisory newsletter (http://www.herzfeld.com). It's expensive, but it does recommend specific CEFs whose discounts you may exploit.
For me, HQL and THQ are ideal in my Roth IRA because of their distributions. While it may not be completely logical, I prefer CEFs to ETFs. I like playing the discount, when possible. Only ETF I have is MOAT.
I always enjoyed Bernstein's short piece on risk, investing and Pascal's wager. I used to include this reading in a course in French literature.
http://www.buckingham.coop/images/E0047601/pascal.pdf
I owned RWGFX in my Roth IRA. Switched the entire position last year to River Park Large Growth (RPXFX), managed by Mitch Rubin. I prefer a fund with a small asset base (58 mil), especially given the sudden in-flows into RWGFX. RWGFX is very concent…
I own both. When WSCVX was hot, WSVRX was a little cool. Last year it was the latter that was hot. I agree with the wag who said the manager buys boring, unspectacular companies. But the results are anything but.
I sold BRUSX and CIPSX a while back after making dough in them. CIPSX has markedly lagged its small growth bogey since it held up well in the crisis. No regrets in either case.
Many thanks for this alert. I repositioned some dough to make new purchases in our Roth IRAs. Had already established a new position in a taxable account in January. The very best that the MFO board has to offer is timely information on the small MF…
I hold MFMIX. I assume that the fund will have to adjust holdings to reflect the MSCI Frontier markets index. If it must sell winning positions, shareholders may see increased capital gains distributions.
