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
Wow. Terrific discussion here.
Heather, I support Mr. Graham's view that markets get it relentlessly right in long run, but they can be terribly wrong (aka inefficient) shorter term. I'll steal a page from Professor Greenblatt to illustrate:
Here'…
Reply to @Ted: Come on Brother Ted. You're not allowed to say: "Even though the fund will only be three years old, 9/30/13, it trails it's benchmark..." Then, quote a one-year metric.
BRTNX beats its benchmark(s) over the past 35 months. And, come …
Reply to @Ted: Hmm, I have it beating SP500 and M* Mid Cap Blend category with less volatility. I think it also beats Wilshire 5000. What am I missing?
SQM up big again today (4%). Looks like it may have finally stopped falling. Here's Schwab performance chart showing comparison with 3 and 10 month averages:
Here's same look at VALE:
Let's hope worst over for these two new holdings. And, …
Hi David.
AOA and AOK don't have much history, so timing comparison not very interesting...yet anyway. Except for dip in 2011, pretty much all up after the 10-mo timer kicks-in circa 2009.
I did quick look and you basically end up with equivalent …
Keep Calm and Invest On!
I love it.
Here are the lifetime risk/return numbers for the funds in Heather's modified portfolio:
I left off the load for SGENX.
To get more direct comparison over consistent periods, here's how they stack in the …
Yes, I remember watching CNBC the day Buffet purchased $5B of BAC preferred.
One the guests asked rhetorically: "Three years from now, will he make money? I think he will."
So, the day before the announcement, 8/24/2011, BAC closed at $6.92.
This…
Too bad about DWGIX.
Despite good performance, it never really attracted AUM, here in the USA anyway.
It always bothered me that I never knew where the buck stopped in its advisory chain. Was it DundeeWealth, or GCIC (what does that stand for anyw…
I love the fund and added to my position after July conference call.
But it's not really reversed its decline than began in May. Tracking pretty much like bonds.
Remains below 50 and 200 day averages, if you follow that sort of stuff.
It is best…
SUBFX holding up very well this year. It appears to be 30% long cash currently, which helps. Impressive performance for bond fund given conditions lately:
Of course, David as usual saw this one coming...
Scout Unconstrained Bond Fund (SUBFX) – …
I think M* gets it mostly right.
Certainly, some top-notch funds here...
(FPNIX) FPA New Income
(OAKIX) Oakmark International I
(PRPFX) Permanent Portfolio
(PTTRX) PIMCO Total Return Instl
(VFIIX) Vanguard GNMA Inv
(VIPSX) Vanguard Inflation-Prot…
Ouch Junkster, that's smart.
Dr. Kuruvilla's impressive academic credentials certainly paying off this year with ETGLX's pharmaceutical holdings. (I like where he got his masters.)
But I'm sure back in late 2011, you would not have been feeling s…
I held BOND for a while...until it crossed 200 day moving average, then out I went.
Should have done same with AQRIX, but I was too dumb.
From the board, I've learned that when trading ETFs, be wary of volume, since Price and NAV can be quite diff…
Right.
In the 70's, front loads were 8%. That provided a lot of motivation to stick with a fund for the long term.
What a racket!
I think the expectation for funds should be same as Ben Graham wrote about for investing in general: safety of princ…
A bittersweet headline...
Ballmer Fortune Up $786 Million as Microsoft CEO Retires
Microsoft Corp. (MSFT) Chief Executive Officer Steve Ballmer, the world’s 44th-richest person, has seen his net worth jump $786 million after announcing his retirem…
Reply to @msf: I just pulled the figures off M*, no hyperbole intended:
Thanks for correcting against actual prospectus. Certainly, the lower the cost this sad fund charges, through any vehicle or share class, the better. But honestly the fact …
Reply to @Old_Joe: OK, maybe I was being a little severe. But let me tell you how bad it is...
Of the 7500 or so equity and fixed income open ended funds available, unique share class, excluding trading funds, consider this:
Over 700 have delivere…
Many, many more deserve to be liquidated.
How about...
GAMCO Mathers AAA (MATRX)
Nysa (NYSAX)
Newmark Risk-Managed Opportunistic (NEWRX)
Fidelity Advisor Financial Svcs A (FAFDX)
Invesco Pacific Growth B (TGRBX)
Rydex Electronics Inv (RYSIX)
Midas…
Reply to @Investor: Nice post. I did not know that the Wellington/Windsor connection to Vanguard was consequence of the Bogle history you describe. Pretty cool. As for VWELX, one of greatest mutual funds ever. Though I suspect it too will spend some…
Reply to @scott: Yeah, I think Mr. Redleaf et al seem to have finger on market pulse lately. Shorting bonds and small caps played well today. Suspect their 3Q performance will look pretty good if things keep going way they are.
Also up today was HS…
Reply to @Investor: Thanks man. M* methodology uses Sharpe, like I remembered. I think documenting their methodology of assigning stars for both funds and stocks is something M* does very well.
Reply to @Old_Joe: Please note also that I believe M* system uses Sharpe Ratio when ranking the risk adjusted returns and calculating number of stars, whereas MFO uses Martin Ratio.
In other words, M* uses return relative to volatility index (Stand…
Ha! Emailing you from the Humbolt State Park. After our walk through forest of amazing redwoods, we're actually drinking Prosecco, about to enjoy some homemade pizza...so, thought to check market and MFO. (David is a much, much better man than I!)
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