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
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…
Reply to @JoeNoEskimo: What can I say...I'm long BAC. Mr. Berokwitz made similar very public call on BAC last year...
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Recovering somewhat today...
US markets seem to handle it OK, although just about everything in my portfolio was down, expect RNSIX, FOCIX and DODIX. I liked the way AQRIX held, down only slightly. SIGIX, FAAFX, GE biggest losers today.
Stops …
You are saying that while stock prices have gone up since 2009, earnings haven't, right? So, your conclusion is that the current bull market is not driven by fundamentals, which historically will precipitate a downward correction to get PEs back in-…
Reply to @Mark: Nice site. I bookmarked it. Thanks Mark. BTW. Back in 2007, I remember arguing that sub-prime mortgages represented the smallest fraction of all home loans. Unfortunately, pulling on that small thread unraveled the whole ball. With t…
Reply to @Investor: This 5 star fund has been on fire...even giving MSCFX a run for its money with better Sharpe and comparable if not better downside volatility...watch out Max! But trust you will be ready to jump if heads south...it's never been a…
COP
More BAC.
If AQRIX and ARLSX hold-up well in correction, I will look to add more to both, likely pulling from ARIVX.
If DODGX moves under 10 mo SMA (gasp), will shift 75% to DODIX.
Reply to @scott: re: Hitler video...too much! Can't stop laughing...thanks Scott. This situation is terrible really...not sure what EU leadership is thinking...they're about to make US legislators look stellar in comparison!
Advice all good here. I like Hank's qualifier about age and proximity to retirement...and how that retirement is structured. If you have a pension, for example, likely you can hold volatility longer in seeking growth or high dividend. In any case, c…
Ouch.
I could not get the video to play, but did read more of the article you shared...
Question: Which one investment would make for the next ten years?
I would buy Gold in JPY and go to sleep... Sell JPY, Buy Gold, Go to sleep, and wake up ten y…
Reply to @MikeM: Thanks Mike! This one was a lotta fun. But you can blame Flack and the healthy debate he has waged with MJG and others on the MFO board.
Just as coincidence, I happen to be at the end of an old text book, called "The Dow Jones-Irwi…
Reply to @Investor: Thanks man.
Why start with 75-25 strategy?
a) Compared to Flack, I'm a wimp.
b) A Ben Graham-ism: "...that the proportion held in bonds be never less than 25% or more than 75% with the converse being necessarily true for the c…
Reply to @catch22, Bee, Mindy et al:
Thanks Catch! Very much appreciate the advice you are sharing. Miss your frequent posts and insight on the board. And look forward to when you've completed more of the to-dos. I did check-out some of the YouTube…
