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 @Ted: Discussion foul. Come on Ted, from now on, when you grouse, you'll need to back it up with data.
Here is comparison of AQRIX with more traditionally allocated moderate funds:
Bottom-line: same high return with lower volatility.
T…
Thanks hank.
“This verdict should not deter the S.E.C. from investigating the financial industry, to review current regulations and modify existing regulations as necessary..."
That said, buyer beware.
I thought aim was 10% volatility. So, I guess it's LV/MV. It's actually running a little under, perhaps 9%. In any case, much less than the new HV risk parity fund AQR has opened, which looks to be targeting 15%, nominally same as SP500.
Will be in…
Me too.
What's the message...buy DoubleLine (long bond) Funds?
I'm probably just being grouchy tonight, but the more I see of Gundlach personally, the less I like. He's like betting on the "Don't Pass" line.
But he makes money, for me especially.…
Next four years, our re-elected president needs to help nation follow-through with a return to fiscal (debt) responsibility, as we have certainly have had our fill of "jolts."
What I want, what I trust we all want, is a turn-around in the national …
Sweet. Would be great to see this trend continue. Dig ourselves out of the crater created in 2008, back on road to steady (and sustainable) growth. Thanks john for sharing.
Reply to @hank: Outstanding hank. I forgot that when you invest directly with fund houses, the trading is same day...and, for no cost, typically. I have experienced that at Fairholme Funds versus the one-day turn plus fee (on non-select funds) with …
Reply to @hank: Part of my response is rooted in recent MFO thread about DODBX, which has about 75% of its portfolio is in same stocks as DODGX. But I have more thoughts, which I hope to post shortly.
Courage of conviction, he has...no fuzz on that point.
Let's hope our hero is right...I am a long time holder of Fairholme Funds. Currently FAAFX.
Thanks Ted.
Thanks Old Joe, hank. Understand. I used to have just 3 funds. Then, I subscribed to FundAlarm and MFO. Read all the good MFO advice...you guys, David, scott, bee, catch, Skeeter, and so many more...so, I too am unable to resist. "Because they're th…
Hi Old Joe.
Why do you choose to invest in so many funds? Tell me that it is simply because you like to.
Versus the more stodgy road of investing in say a single conservative fund, like Vanguard Wellesley Income Adm VWIAX, which produced similar r…
Reply to @MoneyGrubber: Sir, don't get me started...not tonight anyway. I will post my take shortly, hopefully by weekend. Vintage and kevin will likely get a little impatient with me, but I'm actually a fan of Steve Goldberg, author of this disturb…
Yes, agree. Seems like this was one of those times where heeding the warnings paid-off.
Feeling quite fortunate lately to live in Calif. Weather this week has been superb. (I did assuage my gilt a bit by contributing to Red Cross Rescue Fund today.…
Thanks Ted. Good article. Interesting comparison between HABDX and PTTAX involving Mr. Gross and the attendant EP discount. Hey, you found an inefficiency in the fund market!
Collaborative funds, like the approach RiverNorth has taken with Mr. Gun…
Reply to @hank: Hi hank. I've thought about same thing. Leverage as much low interest mortgage equity as you have available and put it to work in higher earning (but still conservative) funds.
Reply to @scott: Thanks. I had similar perception of Advisorshares, like HDGE and AGLS. Seem just awful. Couple others too early to tell. And, I'm predisposed to not like these umbrella fund houses, like Affiliated Managers Group or DundeeWeath Fund…
Hey man, been waiting for you to weigh-in on my last post...HYLD.
Currently, holding steady with sweet six: RNSIX, AQRIX, WBMIX, SFGIX, FAAFX, DODBX and little bit of BAC.
Like the great one says: "Sometimes doing nothing is wise behavior." Steady…
Catch highlights three other high yield funds worthy of consideration: SPHIX, DIHYX, DHOIX. Each has outperformed HYLD on a total return basis:
Their yields, however, have been lower than HYLD, but impressive nonetheless: 6.22, 6.99, and 7.56%,…
Hi MJG.
You are about 40 kft over my head with this thread.
I am fascinated by your paragraph: "Numerous studies demonstrate that expert decisions and forecasts are almost always inferior to those made by computer analytical models. Statistics pro…
Cool.
I got interested in Ed Thorp because of Scott Patterson's portrail of him in The Quants. He is also interviewed, profoundly and at length, by Jack Schwager in Hedge Fund Market Wizards. Amazing man.
He once exploited the odds at Blackjack, b…
Good grief, I've inadvertently led this good discussion board down a path to bathroom humor...granted I'm laughing pretty hard right now...fun with hank and Catch it is.
David, please forgive me.
I mean, consider the awful Money Life audio show with Chick Jaffe our own David participated in.
It's just hard to put best foot forward in these popular media venues.
Come on guys. You're being too grumpy.
These are three nerds, put on the spot, national/global TV, sitting awkwardly on unflattering stools, across from two smiling, candy-coated, air-heads (meant in the kindest way).
Did you really expect a Charl…
"...formulation relies solely upon two components: a fundamental element and a speculative element."
"The fundamental element has two sub-contributors: a corporate profit growth estimate and a dividend yield estimate."
"The speculative element is …
I think this weeding-out is healthy.
Let's face it, most ETFs and Mutual Funds (and I suspect Hedge Funds) are just asset collectors, like Ed Thorpe warns...few have an edge against the market.
The only thing they will guarantee is a management fe…
