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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
I'm stunned.
How do you reconcile the expense ratio attendant with all these funds? I would fear that you have index-like exposure, but at elevated mutual fund/ETF fees.
That said, I'm glad it works for you...it's unique and your portfolio certai…
Hi again scott and others on this post.
Good to see more folks adding to SFGIX. It's doing quite well this year. But Max for the life of me I will never understand why you own three similar Matthews funds and SFGIX! But, if you're happy, I'm happy.…
Suspect it is simply that 1) bond funds are currently providing returns at or above historical equity returns, and 2) every equity owner from 2008 has finally recovered and simply does not want to risk another 60% decline in portfolio worth.
RNSIX
AQRIX
FAAFX
WBMIX
SFGIX
DODBX
Highest to lowest portfolio holdings.
I tend to agree with HiYield...hard to ignore equity-like returns with bond funds right now, while it lasts.
I recently sold RPHYX, adding to AQRIX.
Never did follow-throu…
Go D&C! It would be good to see this great fund family get back on top, applying lessons learned from 2008 that will make it better than ever. They are certainly making a run at it this past year.
Bill Gross may not be James Bond, but some certainly think he is Superman. I'm actually a bit sympathetic to your friend's inclination.
Did you know that Gross once ran three marathons in three consecutive days?
There is a very poignant scene at t…
Hi Vintage.
You're right, of course.
And yet...
I think that to invest in a fund like RPHYX or PAIUX, you need to have a three month or less horizon. If so, you definitely need a "cash" fund.
But if your time line is more reasonable, like two ye…
Just finished "The Quants." Absolutely loved it. A rave. Intelligent. Insightful. Relevant. Entertaining. scott, can't thank you enough for recommending.
Moral? How about...avoid addiction and debt. But I know this can be a lot easier to say than do, like most things of value. As for Corzine? All things based on falsehood will eventually be proven wrong.
Brother MikeM. You are a better man than I.
I could not "sleep easy" with YAFFX. Last three years it has indeed been less volatile than benchmark. But longer term, it's been just as volatile...accumulating some significant, if short-term, losses.
…
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…
