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
Reply to @claimui: I now have 10% of my portfolio in RPHYX. I just wish I could afford institutional shares, which require $1M minimum even through Schwab Institutional.
Reply to @catch22: I was just pointing out that those of us invested in the stock market since January 2009 are 71% wealthier today, which I am very thankful for. None of the critics of current fiscal policy seem to be pointing that out. Just wanted…
Reply to @fundalarm: Sorry fundalarm if came across that way. No harm meant. No agenda. Just trying to put forward facts, as applicable, to counter the perpetual negativism. Sorry if comes off political. If it helps, I've been a Republican my whole …
Another ranting, Bernanke bashing commentary. I'm finding it a little disingenuous to be sympathetic here with the Dow up 71% since Obama took office. But, thanks Kenster for thoughts at FPA_Funds.
I've been shifting out of mostly bond funds and buying moderately/aggressively allocated stock funds. I've sold 20% of RNSIX to buy WBMIX and AQRIX. And, holding significant 30% stake in FAAFX. That said, I hedged slightly and sold another 10% of RN…
Thanks scott. Feeling a little numb after the Gundlach deck. You know that Andrew Redleaf is saying just the opposite. He's bullish on SP500. As are the folks at D&C. The deck seems to suggest that the US economy will not turn the corner, like i…
Reply to @David_Snowball: If you worked at Morningstar, wouldn't you be sensitive to the content and popularirty of MFO...a free, grass-roots, and generous source of mutual fund investment information?
Reply to @MaxBialystock: Ha. Sweet. I used to own proudly just 4 funds: RNSIX, FAAFX, SFGIX, and DODBX. Then scott came along, and I grew to 6: RNSIX, FAAFX, WBMIX, AQRIX, SFGIX, and DODBX. Unable to resist his enthusiam for Redleaf and Asness. Then…
No johnN, I do not know of Steve McKee or his "No-Load Mutual Fund Selections & Timing" newsletter. But I trust Steve Goldman, so I will be investigating further. Thanks.
Reply to @scott: Thanks scott, as always. I just downloaded "The Quants" on Audible. Here is summary for others:
Publisher's Summary
In March 2006, the world's richest men sipped champagne in an opulent New York hotel. They were preparing to com…
Nice. MWCRX has done well since inception, and on par with other larger and established high yield bond funds, like the gold rated SPHIX at Fidelity, as shown below:
Just go in eyes wide open. Roll back a few years and you can see how this catego…
Reply to @Investor:
Hi Investor. Looks like the whole series of posts by sylvia kronstadt can be found here: http://beta.fool.com/kronstantinople/
Part 1: http://beta.fool.com/kronstantinople/2012/08/14/keeping-joneses-edward-there-help/8978/
Pa…
Nice issue David.
I am using the re-opening of ARIVX as the opportunity to have the good Mr. Cinnamond be one of my fund managers, even though (and perhaps even so) the fund is having a bit of an off year so far.
Good to see Northern Global Tactic…
I like Steve Goldberg because he is not afraid to take a stand and explains why in simple terms. I first became impressed with him after reading his article questioning Bruce Berkowitz's heavy move into financials in late 2010.
I like Bob Johnson b…
Outstanding Kenster1. Class act response. Honestly, I think Mr. Foster is top-rate. And his young firm is extremely shareholder friendly. I opened two accounts early. Their folks are easy to reach, responsive. They care about their shareholders. Gre…
Thanks Kevin. Gotta tell ya, I like it when an investment manager puts reputation on the line...puts themselves out there. Especially sweet when I agree, as in case of Redleaf, and Berkowitz of course.
Ditto for financial reporters. For example, Mo…
Reply to @scott: Me too scott after your original report. I'm in. Simply could not resist opportunity to invest with Redleaf. Current portfolio then, in order of %, high to low: RNSIX, FAAFX, WBMIX, SFGIX, DODBX. Just five sweet funds. Three first h…
Um, so that is three new funds for the fascinating Whitebox Advisor's team, led by Andrew Redleaf, in addition to their established hedge fund portfolio. Fees seem similar to other offerings. If it helps, WBMAX is a No Load, No Transaction Fee offer…
Thanks scott, AndyJ. IYLD seems safe and sweet. HGI a little scary. CVY a nice moderate allocation. In reviewing these, along with MDIV, I also discovered INKM. Perhaps the new shape of allocation investing? In any case, will be following all these.…
Outstanding Scott. Absolutely fascinating. Have very much enjoyed reading up on Whitebox Advisors and Mr. Redleaf. Agree with your observations and assessment. Thanks for sharing.
Reply to @msf: Man, you guys are good. So, if you dig deep enough, Morningstar is aware of the regulatory issue, which was over-ruled by SEC in 2011.
My negative experience with American's sales tactics of their loaded funds to young professionals …
Reply to @perpetual_Bull: Thanks, I did not realize...but not surprised. Dissapointed though that Morningstar appears to call no attention to any regulatory issue.
American Funds American Mutual A AMRMX, for example, rates Gold for all five of Morn…
Thanks Ted.
Perhaps there is more to this story beyond: "Vanguard Group, now the largest U.S. fund company, has seen its fortunes soar as investors and advisers gravitate toward its signature offerings—index funds, including in the form of exchange…
