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.
Support MFO
Donate through PayPal
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
Interesting Bud. I believe these are 30 year rates, but hard to tell exactly. Here's a similar chart:
While I only have data back to early '60s, the difference between current and average for the shorter-term rate seems more substantial, as indi…
Related excerpts from Mr. Redleaf's most recent quarterly, which I think you will both appreciate:
"We regard the equity capital structure/blue chip trade as a mid-to-long-term investment likely to run for several years. In the event of an extraord…
Reply to @hank: Got it. Good points. I guess if you are in this business, it's all advertising to a degree. For me, if the solution space is constrained to what the author is selling, then a red flag goes up. Too much potential for conflict of inter…
Gotta believe that some of ATPAX's 12b-1 went into encouraging The Street to write this article. Seems to me there are so many better choices out there (PONDX, SPHIX) that offer higher yield, higher total return, much lower fees, and no-load.
Great comments on this thread by MFO readers, as always. Thanks for starting Old_Joe.
Mr. Redleaf's view: "...the right strategic direction for the next several years and perhaps the decade is to buy equities and sell bonds..."
Here's link to full…
What can I say, life with Berkowitz. You either love it or hate it.
Thanks again scott for the sympathy regarding 6% drop in FAAFX on the 14 Nov. MBIA has actually recovered strongly since, including a pop yesterday of 12%:
That said, SHLD just…
Thanks man.
MBIA actually stemmed bleeding today. Speculation that others will come rescue and keep MBIA alive to fight the good fight with BAC.
Rest of market of course tanked today. Market certainly not responding well to election.
Hope, otherw…
Ah, D&C. A favorite topic. I've actually been digging into this fund's performance, as mentioned in previous post. Almost finished. Hope to post shortly. Think both hank and Shostakovich make good points. Thanks Ted for article. (Though truth be…
Reply to @carvalho: "The goal of risk parity to is neutralize manager risk -- it was designed around the basic premise that over long periods of time it's hard for managers to keep picking winners and outperforming the market. It's not actively mana…
Reply to @VintageFreak: You're right, I am reaching. But look at the comparison since inception...against some other notable "Conservative Allocation" funds, like VWIAX, DODIX, FOCIX, PONDX, and (my fav) RNSIX:
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…
