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.
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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
Here's another pretty biting commentary on EJ from Motely Fool...
Can Your Edward Jones Financial Advisor Really Serve Your Best Interests?
But the worst of EJ remains here:
Edward Jones Saga
Good discussion everyone.
OK. I thought that front-loads were paid to financial planners, brokers, investment advisors as sales commissions.
So, in this case, I thought EJ would pocket the front load on the AF (or any other loaded) fund they sold …
That's driving the costs of managing the actual money lower, though it's not clear the benefits are always being passed to investors.
I get irked each time I pass an Edward Jones store front. Each time I see an Edward Jones commercial on MLB TV.
So…
Probably worth repeating that Mr. Redleaf believes the “path to victory” for the fund’s current “intelligent value” strategy is one of two ways: 1) a significant correction from current valuations, or 2) a fully recovered economy with genuine top-li…
This one hurts.
I'm crazy about many things this fund offers ... Whitebox does a lot right by shareholders, especially compared to say houses like AQR.
But markets have simply not supported their hedges. In fact, like mentioned above, getting hurt…
OK. Just could you note...
My bad on the Alarm Rating column...basically, latest legacy Fund Alarm Ranking...HR - Honor Roll, TA - Three Alarm, ND - No Designation (ie. In between), Dash - Less Than 5 Years Old, so not ranked in legacy system.
The…
Hi again Mona.
The table basically tries to show past 12 month performance ending June. APR is basically annualized return percentage, so in this case return for past year. Yield is percent dividend trailing 12 months. MAXDD is worst pull back duri…
No changes still...virtually all in equities.
OAK jumped big time today...now up 8.2% YTD.
AIG continues to increase nicely...up 14% for year. And, BAC back on the climb. (JP Morgan good conference call today ... I like Dimon. Fingers-crossed with…
Thanks for kind words.
Hey, income funds on my mind lately, just past the 59.5 mark.
A look back at some notables this past year, sorted by APR highest to lowest:
Congratulations Bee. Thanks for sharing ... this great post and all your contributions to the board. You're a big reason I keep coming back. Take good care. c
Accurate article on what the PIMCO folks said on stage. But fact is PIMCO still seems a bit defensive about the fiasco of the past year or so ... as it should be ... gonna take much more time to truly adapt, especially given anticipated interest rat…
“Being right is the enemy of staying right—partly because it makes you overconfident, even more importantly because it leads you to forget the way the world works.”
Love it.
With value investors particularly, "eventually" seems to be the key word here.
Like the saying, all things based on falsehood will eventually be proven wrong.
I believe that.
I guess if you are fund manager, "eventually" is defined by the timelin…
Precisely!
GOs are based on risk adjusted return.
The legacy Fund Alarm designations of Three Alarm and Honor Roll are based only on absolute return.
c
Royce is another company, like Waddell & Reed, with an awful record since start of current bull market. Of its 18 existing funds that have been around since March 2009, 15 have trailed its peers on an absolute return basis ... some by massive am…
As of month ending May, four of Waddell and Reed's 19 funds are on Three Alarm List:
Waddell & Reed Bond A (UNBDX)
Intermediate Government Waddell & Reed Government Secs A (UNGVX)
Muni National Long Waddell & Reed Municipal Bond A (UNMB…
