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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
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…
Reply to @AndyJ: Really good point Andy. VHT is an index exchange traded fund. It tracks MSCI U.S. Investable Market Health Care Index. It appears to be rather weak proxy to the actively managed VGHCX, which sports the great record under recently re…
Reply to @prinx: Ha! Yes, it is fun. But trust me, the stock bets are the very smallest portion of the portfolio. Honestly, they typically end in disaster. But having a small, self-inflicted stock portfolio helps me stay tuned-in to the market. At t…
Reply to @Hiyield007: I know. BAC weak lately, after reaching 52-week high. Perhaps JoeNoEskimo was right to cringe when Meredith Whitney made her recent call that BAC would reach $15-20. Hey, all things based on falsehood will eventually be proven …
Blah couple of days.
Last buy of BAC stopped-out yesterday mid morning. Then, following quick 6% rise off 52-week low with speculative buy of CLF, it broke at open today on continued bad news. Day traders do not hold positions overnight =). BRK and…
Really good!
UK perspective, where I learned they have higher ERs and are just now starting to discover passive options.
Admittedly, the film was sponsored by a passive investment company.
Well done, nonetheless. Includes perspectives from Anthon…
Reply to @MJG:
Costs persist; fund manager performance does not.That's a good one!
But to give the industry some credit, most of the funds available in the 1960-70's had loads of 8.5%, can you believe?
Today, fortunately, loads seem to be an exc…
A bit more about the Fidelity numbers...FDGRX. Currently, M* shows the AUM and ER even higher than my table above (I seriously need to update my database):
Note that M* has the 0.90 ER as "Below Average". So, to update the annual revenue gene…
The last five years certainly have shaken many investment approaches.
A look at some notable funds with $20B AUM, like Yale's endowment:
Performance shown relative to buy-and-hold balanced fund as of Dec 2012.
Note too the amount of annual fe…
Reply to @TSP_Transfer: Both doing just fine this year, despite fears that small caps are over valued. Cortina Funds seems somewhat cookie-cutter, but I appreciate them keeping expenses down given the small AUM. I like the frankness of Alexander Yag…
Moved a little more cash into Schwab brokerage account today.
Bought:
More BAC @ 12.669
COP @ 59.139
CLF @ 20.258 (Don't laugh...just felt this miner has been hammered and is ripe for take-over...could not resist today's additional 7% drop...now a…
