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
Thanks MJG.
Underneath the emotion, I like to think that markets are driven by fundamentals.
And fundamentals are driven by people, ideas/innovation, resources/capital, legal system, etc.
So different times and different places will warrant diffe…
Absolutely horrible.
Not a single mention of American's prolific use of front load. An indefensible practice today.
Or their excessively use of share classes per fund, another unfriendly practice for shareholders.
This company hawks their loaded …
Hi MJG.
Is regression to the mean a law?
Been wondering about that lately.
And, which mean?
Category mean? Decade mean? Post WWII mean? US equity mean? Etc, etc.
Hope all is well.
c
@VintageFreak.
Actually I think lower numbers are useful.
3 would show how fund does across typical 50% declines
5 would show investor patience justified or not (all those people lamenting investor returns don't match fund returns need to get a real…
@rjb112.
Yes, if you use SPY ending 31 Oct '07, which then includes Nov '07 monthly return, you will get the 5.9% APR value.
@David Moran.
Hi sir. Looks like rjb112 found a quick tool. I use Excel mostly...just like you suggest. Either the equati…
To quickly compute APR for SPY over any period, just look up closing monthly values for period of interest from say Yahoo Finance. Then,
Annualized Percent Return = 100 * ((Ending Month Value / Starting Month Value) ^ (12 / Monthly Periods) - 1)
…
An entire article, based on he said, he said...
Mr. Ellis sounds a lot like our MJG.
It would help for active managers to lower their fees.
Suspect there will be more all asset, all authority fund managers in years ahead.
Good stuff MJG.
Why is it that I've never liked meeting an author I like? (Maybe I should cancel my trip to Chicago? Ha!)
“The chance of gain is by every man more or less overvalued, and the chance of loss is by most men undervalued”.
Love it.
To give a fund the looooong chance...
You need to...
1) be comfortable with its allocation in your portfolio, and
2) believe in the fund manager (and the fund house).
It happens.
And, when it does...
it feels pretty goooood.
I think Junkster has shared that he will put his entire portfolio in a single bond fund. Or, whatever he thinks is trading in a tight channel. But he will have his finger on the sell button if things head south...short leash. Not sure if he does tha…
Suspect that the only places one can get history of AUM is paying for a database, like Center for Securities Research (CRSP) Survivor-Bias-Free US Mutual Fund Database, contacting fund house directly, or crawling through SEC's EDGAR mutual fund, lik…
