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 Scott.
Honestly, I have same feeling about Edward Jones. My stomach turns every time I see their new commercials.
Kind of prey on people's desire to do the right thing.
CIPSX and CIPMX have average absolute performance, as noted above, but great Martins...making them both Great Owls...
Unfortunately, they charge too much given their AUM.
@Ted.
Yes indeed. But because of one amazing moment, his fund beat SP500 25% per year over its 7.5 year lifetime.
Here's image of your M* performance plot...
I believe the 10 bagger was Avis, or Budget, or ...
Someday maybe. Always has, always will.
I don't read articles like these anymore. Waste of time. One persons slanted opinion amongst many.
Have a plan and a diversified portfolio to go with it and carry on with your life.Hear, hear!
Hi Pete64.
I just went to MultiSearch and only clicked Risk Group 1-4 and it posted 100 funds, which is display limit. Here snapshot of results:
Do you find same result? Or, did you have other criteria selected?
If you click on Risk column, t…
BTW. I do like your idea of adding Retracement Period to the metrics. A warning perhaps of just how long the ulcer can last...right along side MAXDD. Will work on that!
Quick reminder of Ulcer Index definition, which is penultimate basis for MFO ratings:
http://www.tangotools.com/ui/ui.htm
By the great-one himself, Peter Martin.
Here's quick example...
http://www.mutualfundobserver.com/fund-ratings/?symbol=OAKMX,+WQCEX&submit=Submit
MAXDD same @ -51.3%, but WQCEX has causes nearly twice the ulcers as OAKMX (UI = 22.1 vs 12.1).
Hi bee. Quick answer is Ulcer Index (UI). That actually reflects MAXDD and duration. I will work up some examples, but funds with shorter drawdown periods like you discuss will have lower UI even if they experience the same absolute MAXDD over speci…
Both approaches sound good to me. Suspect one needs to take more of a long term view with funds. As several have pointed out above, valuations can stay above average for quite a while and folks can get frustrated (eg., ARIVX, COBYX). Longer term, I …
@rjb112.
Yes sir. Meb fan I am.
How then do you think investors should use the Shiller P/E in their investing decisions?
Every now and then, I fear Mr. Faber does sound a little like a Cape Crusader. But I think I most align with his preference to …
This is extremely interesting to me since Shiller CAPE has become such a meme:
>> If you avoided equities while they were above their historical CAPE measurement, you just missed 24 years of equity gains.
Hear, hear.
Hear, hear.
Weather looks to be picture perfect here in CA Central Coast.
Parades, music, veggie burgers, tofu hot dogs, organic chips, Rhone wine and fireworks =).
Happy 4th, 2014!
@rjb112.
Great Owl Fund.
The designation is given to funds that achieve top quintile performance in their categories based on Martin Ratio in all evaluation periods 3 years and older.
Here is link to definitions: http://www.mutualfundobserver.com…
@David_Snowball.
Ha!
Some MFO pair we make.
We were camping in Monterey. You know, trying to be a little more like the Harbor Seals in this picture, which was taken while bike-riding along Bay Coastal Trail near Cannery Row...
Best I could d…
Seriously.
All around.
West coast.
East coast.
Construction of new homes.
Construction of hotels.
Refurnished shops.
Refurbished bridges.
Road expansion.
New cars.
New RVs.
Packed air travel.
Packed restaurants.
Packed stadiums.
Firms …
@IChamp.
Before there was ICMUX, there was ICMYX. Same fund, just different share class.
The latter was actually merged into the former this past January, even though ICMYX was the oldest share class, inception Aug 2007.
And...
ICMYX incurred a …
Yes, lousy day.
And on good economic news.
Started out good, but went south in hurry.
Go figure.
As usual, one bad day knocks out the gains of several good days.
Only HCP was up in portfolio. And, SIGIX and RSIVX even.
Red all else.
