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
Just say no to loaded funds.
Unfortunately, it remains an indefensible practice of the mutual fund industry.
Regrettably, even supported by M*.
Let's work to eliminate it.
Your post made me notice that the reference funds on the Risk Profile, which I find helpful, were not displaying.
Fortunately, Chip ran down the issue...it was me. The 20 year reference funds had been passed in the 2Q update recently. Fixed now.
T…
Hi ron.
So, dashboard only includes funds that David has profiled.
To review risk and return metrics on any fund, use Risk Profiles or Multi-Search found under Search Tools, like this...type in Berwyn:
http://www.mutualfundobserver.com/search-too…
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 …
