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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, John, Bud. Good posts on Mr. Gundlach (aka Socrates?). I went ahead and bookmarked TRB. I did not fully understand this chart called "The Stash of Cash":
http://www.thereformedbroker.com/wp-content/uploads/2013/04/bond-bubble.png
Is …
Looks like Mr. Rolfe et al have actually done well since inception in Oct 2010 with RWGIX & RWGFX, despite only modest YTD performance. Here are the lifetime numbers and comparison over same period with growth ETFs from Vanguard VUG and IShares …
Reply to @Investor:
I call this BS!Ha, sounds like you did not like it =).
I did not look too closely at the portfolio, but I like that the article calls attention to need for looking beyond the traditional 60/40 fixed strategy and references some…
Reply to @Investor: I agree. They jumped back into Fannie Mae, Wachovia, and AIG before each imploded in 2008. They started buying HP in 2001 and it was their No 1 position in 2010...
But I do not understand how or when they apply exit criteria.…
Good article.
The future delights in humiliating seers.and
...PIMCO Total Return can be seen as a superior diversified fixed income vehicle, rather than a pure-play on the market-timing powers of one man (Bill Gross). The fees of the institutional s…
Read the Bill Frezza article this morning. He tees-up nice discussion, but then does not really follow through with facts or figures enabling us to favor or reject any side, let alone take-up his challenge against hat-in-hand, too-big-to-fail capita…
Reply to @bee: Good grief! HP, JCP lately. Wachovia, Fannie Mae in 2008. D&C must be the worst stock picker of just about any actively managed fund company today. They lag value index ETFs for the last 10 years...
But over the last 5 years, …
Hi MJG. Looking forward to reading. But JIC, wanted to wish you well on the cruise. I do have a dear friend that will invariably move out of stocks and into bonds every time he goes on vacation. It is uncanny, but he is usually right to do so!
Hi bee. I've seen this chart and site before. Any idea of where the 30 and 70 guidelines come from...simply relative or based on historical precedent? Hope all is well. c
OK, it's after 8pm eastern and two funds continue to show yesterday's prices: MAINX and RNSIX.
I did follow-up M*'s reply expressing disappointment in their lagging response compared to other free providers. Here is their response:
Thank you for wr…
Reply to @Mark: I know, it's true...you're right of course. I remember when you either needed to call your broker to get a quote or wait for the morning paper. Have just grown accustomed to quick info flow, and I do like to glance over a fund's dail…
Ditto Max. M* once again lagged NAV updates on many of the funds I track by hours versus all other free services, like Yahoo Finance. I just don't get it. If the lag continues, I will likely cancel my subscription.
Reply to @Investor: Yeah, it's not Mr. Roche's more scholarly work. That's been interesting all along. Just noticed lately how very commercial the actual site has become.
I think it was bee that first introduced me to Prag Cap. Recently though the site appears disappointingly full of pop-up ads, testaments to Cullen Roche, and links to Orcam Financial Group.
The thing I can't reconcile is that Yahoo, Google, and Schwab show no such delay. They post fund NAVs hours before M*. Nor do I remember a case of them correcting a NAV because it was inaccurate or premature. M*, which I've always viewed as the prem…
I agree with Jim, great job again David. Gets better every month.
The reason colleges find funds easier for buildings than say maintenance or tuition is because the donor get to put their name on the cornerstone! I think it is called the Donor Rela…
I have experienced this white page issue when trying to open individual threads on the discussion board, but only with my NOOK. Never with my laptop, which uses FireFox 19. And never with my iPhone. It usually happens when I am trying to open one of…
Silliness I hope.
A counter argued by Paul McCulley is that real GDP is growing and will continue to grow faster than real debt.
Which will be the way out, hopefully, of the liquidity trap and back on the road to industry investing again, employme…
Reply to @Investor: Thanks man. I will often present performance numbers over lifetime of funds, but in this case, I believe I met your demand to compare performance of the funds over same 43 months, since COBYX inception. So, the performance for CO…
Absolutely, Happy Anniversary!!
Simply do not know how you do it all David.
Consistently with integrity, quality...and even humor.
A free-to-users website...sponsor-free, pop-up free, advertising-free.
Obviously a labor of love that we all bene…
Pondering MRK, BA, NOC, LOW.
Pondering IYR (one of Slick's holdings) and VHT (after recent Hotter Than Hot thread by HiYield, Bee, Andy).
Been paring back ARIVX and RNSIX, buying instead AQRIX and BOND.
Bought more SIGIX.
Speculative stock plays…
Too many open-end MFs (12), not enough ETFs (1), not enough stocks (4). Lately, sensitive to ER. Had swelled recently to 1.13. Currently 1.01. Want to get under 0.6...a dream I have. Believe too many folks, me especially, hand over too much capital …
Reply to @scott: Nice Scott. California High Speed Train seems to be moving forward as an infrastructure improvement. LAX also getting a new international terminal and other upgrades. I do see more private construction picking up locally, wineries, …
The market seems to be a forward indicator, until it is overbought or oversold. Then it recoils.
I suspect the continued reluctance to embrace this bull bodes well for moderate advancement, so long as US economic news keeps improving, like housing …
Reply to @Desota: Hi again Desota.
Finding a comparable low-cost, no-load Vanguard fund that outperforms CAIBX is an easy do...
Vanguard Wellington has outperformed CAIBX over the last 1, 3, 5, and 10 year periods.
So has FPACX, SEQUX, MAPO…
A plan to court advisers and launch an advertising campaign does not address the fundamental problem with AF, which is their fee practice.
They have 650 funds but only 58 are unique, which means each fund averages 11 or so share classes. Why?
Typi…
Best performer life time? VGHCX. Its absolute and risk adjusted returns are extraordinary...since 1984! But again, beware, Ed Owens its skipper since inception retired late last year.
Reply to @AndyJ: Ulcer Index (UI) is a volatility measure, like standard or down-side deviation. UI is square root of the mean of the squared percentage draw downs in value over a specified period. Martin uses same numerator as Sharpe and Sortino, e…
