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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
Smead Value (SMVLX) happens to be an Aspiring Great Owl...
Here are its numbers since inception along with a couple other notables (DODGX and FAIRX) for comparison:
Hi again Scott. Yes, I thought of you when hunting for industrial materials and infrastructure stocks recently. KMP was on list...the stock that always goes up! EV/EBITDA seemed a little high though and I'm probably a bit intimidated with all the va…
Reply to @AndyJ: Yes indeed. I believe ABRYX targets 8% volatility versus 10% for AQRIX. Just watch out for loads and/or high ERs with Invesco on its various other share classes.
Reply to @MaxBialystock: Not me so much for passive. I'm not as interested in 4 sigma winners as I am in say persistent half sigma winners. I'll venture to say that there are quite a few of those, which I will attribute to skill =). And, I certainly…
OK, this fund is close to my heart and wallet. I'm been AQRIX heavy for some time.
Yes, the young fund and attendant strategy certainly being tested again right now. Last time it drew down this much was when equities pulled back in 3Q2011.
Certain…
On Tuesday further increased equity exposure to hated sectors...basic materials and energy, plus added financials, global: BCS, RBS, ORI, CRH, SU, STLD.
RBS was negatively in news late yesterday with CEO's departure, but price recovering today. Thi…
Absolutely too many MFs! And too many fund classes within the MFs. I think the same thing about Car Makers. Car Models. Car Dealers. Car Rental Companies. Airlines (getting a bit better). Hotel Brands... You get the idea. Many of them awfully medioc…
Reply to @MJG: Thanks man. Confident we will adjust and improve the system to best of our ability in response to suggestions you and Investor have made so far and any new suggestions we receive from MFO community in weeks ahead.
I too very much app…
Addendum
Here is Mr. Martin's kind response to my recent inquiry:
From: Peter Martin
Sent: Friday, June 07, 2013 11:43 AM
To: Charles
Subject: Re: Martin Ratio
I was not a student of Prof Sharpe. Byron McCann, with whom I wrote the 1989 book rev…
Hi again MJG. Thanks for kind words of encouragement on new rating system.
I do indeed have Mr. Martin's book, entitled "The Investor's Guide to Fidelity Funds - Winning Strategies for Mutual Fund Investing," where the retracement index (aka Ulcer …
Sweet. Maybe there is some hope for M* after all. I find them typically non-responsive to subscribers. Unfortunately, as much as we complain, they offer more than any other alternative out there, so far anyway.
On dips...BAC, BRK, GE, COP, BTU...and, most hated sector stocks AA, X...jumped back into CLF after recent drop, no stop this time.
Continue to ride DODGX mimicking Flack's recommendation while SP500 remains above 10-mo SMA.
Still think economy wi…
Reply to @Investor: Man you're tough. I agree with Accipiter. The new ratings help highlight funds that deliver superior returns while protecting against draw down...some of them persistently. For example, you often recommend VWINX and GLRBX on the …
Reply to @ron: Hi Ron. Congratulations on owning VWELX, a marquee fund. Years ago I chose DODBX over VWELX and suffered badly during financial crisis when D&C got hammered. Both were recommended in an article that influenced me called One Fund f…
Hi Investor.
Ha! I agree with you on ordering. Was actually in process of adding a Fund Type column, so going forward, will recommend we present Fixed Income categories first, then Asset Allocation, and finally Equity categories.
Yeah, thought we …
Hi Mike. I like WBMIX and I like the intellect and frankness of the shop, which Scott introduced us to. I think ARLSX makes for better diversification and suspect WBMIX correlates more with equities. That said, Mr. Redleaf has a lot of authority and…
Ha! Mr. Arnott is in good company this year...with all managers that have been avoiding equities deemed over-valued.
To Investor's point, let's trust that his "3-D Hurricane" thesis, where he warns against US debt, deficit, and aging demographics, …
Thanks Scott.
Shares down more than 20% today...much more earlier, looks like.
Here's short MarketWatch article posted today...
WASHINGTON (MarketWatch) -- The over-the-counter common shares of federally controlled mortgage backers Fanni…
Yeah, I have.
In May, I've cut BOND back 36%.
On 5/13 and bought AA, BTU, X, NLY.
On 5/23 and bought more AA, BTU, X.
On 5/24 and bought more BAC, GE, BRK/B.
Top three holdings remain: AQRIX, BOND, FAAFX.
Only the latter has had a winning month.…
Thanks Scott. Good article.
A while back I tried getting into CLF, but got stopped out and missed good 25% bounce. Tried again recently with BTU, which is also a new add for Renaissance Technologies. Enjoying better luck so far. I also jumped into …
MAPOX, BERIX, VWINX, GLRBX have all delivered great absolute returns, but MAPOX has experienced a drawdown of 33%...VWINX and GLRBX about 18%...BERIX 13%. Whereas funds like PTTRX or PGOVX have delivered slightly lower returns while suffering lower …
Slammed for me as well. Nearly every holding down, most especially BOND at -0.45%, AQRIX at -0.49%, and usually steady-eddy RNSIX at -0.35%. No safe place in the today's storm, except cash and GE.
Reply to @BWG: Hi BWG. Looks like Mr. Faber published this book concurrent with start of new fund:
http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias=aps&field-keywords=Shareholder+Yield:+A+Better+Approach+to+Dividend+Investin
Very useful! Really appreciate you taking time to summarize for all of us on the board. Amazing how much the sentiment has changed in just a few short months, if not weeks.
PS. I ran the equities I purchased this week through Mr. Navellier’s screen…
Reply to @Jim0445: I typically find the Ned Davis Research report on the summary page for a given equity, right under the Schwab Equity Rating Report...about half way down page on right side.
Hi MJG. Have fun in Vegas. Please share with us your highlights from Money Show when you get chance. Bryce Canon is a destination we too have on our visit list.
Reply to @bee:
Hi Bee.
My wife feels same way. Her first radio came from Radio Shack. I thought rekindling this name recognition was the direction its new CEO was headed. Again, we're both a bit surprised and taken aback by the new ad campaign. B…
Added to equities today in the downtrodden material and natural resource sector. Could resist no longer.
Bought AA, X, BTU.
Also bought REIT financial: NLY.
Pared BOND.
Reply to @learningcurve: Hi LeaningCurve. The term was new to me also, until Flack taught me a few weeks back. A "Distribution Day" is when the market drops on higher than average volume...a sign of weakness in the market and a warning perhaps that …
Seems like every under-performing fund manager these days is reading from the same script...
debt driven ascent
Bernanke's put
reckless monetary policy
it's the fed's fault
fiat currency
bond bubble
unsustainable price to earnings
we will all be so…
Reply to @golub1: I don't think the chart is for premium subscribers. M* reserves only the most frustrating and ill-supported features for its paying members...part of their new cruelty policy =).
Reply to @ron:
Hi Ron. It is "All Rated Stocks," per M*. I should have included on chart. Here's link:
Morningstar Market Fair Value Chart
You can vary by other indices, like NYSE and NASDAQ, as well as other sectors. For example, here is one for…
