PRLAX TRP Latin America: further to fall? I appreciate the responses. Some years ago, I did grab a good profit from PRLAX. So, I was just wondering. I'm down to 8% foreign equities. SFGIX is my only foreign and EM equity fund at the moment, apart from Real Estate. My bonds have been behaving as ballast when I DON'T want them to do that. Double-edged sword. 39% of portf. is in bonds of all sorts, and bonds are lately dragging on my most solid portf. anchors: PRWCX and MAPOX. Some funds will pay monthly dividend overnight: end of the month. Outside retirement tax-advantaged portf, I've been d-c-a-ing into electric utility, PNM. It got hammered today. My teeny-tiny slice in COP shot upward today. Almost back to even-Stephen. I might just hold is for longer, now, with the OPEC and Russia agreement today. Connecticut wrappers? That stuff grows just a few miles south. I'm just inside the Mass. border. :) There's a big difference between the two, too: in Connecticut, there's actual PAVEMENT. ;)
.....And how soon is too soon? (Bonds) Hello, all. I should ride this slump through? Seems the fall in bonds, post-election, has nothing at all to do with fundamentals. Will bonds find equilibrium by the New Year? The time for getting out or reducing my bond (and RE) stake is in the rearview mirror. I'm not panicking. Hell, I stayed invested through the '08-'09 Crash, and added to my stuff regularly, right through it. I still hold
SFGIX, too. (2.69% of portfolio.).......Meanwhile, I can enjoy Emmylou. :)
Gawd, she gets to me. Prettier as she ages, too! Happy Saturday.
CASH RICH FUNDS Hi
expatsp. Philosophical? Probably not that deep. Just a matter of individual preference and/or comfort. Re-balancing index type funds or ETFs has a lot of followers and detractors as does using 'risk adjusted' return managed funds like FPACX (which fwiw I don't own now but did a few years ago). I also question as you do that many managers can consistently utilize and adjust there cash levels to beat index funds, but I do not question my ability to do so. I know I can't.
A few funds I own for the purpose of the manager or management team making asset allocation, buying within a companies capital structure or making cash holding decisions are
SFGIX, FMIJX, SGENX, ICMBX, PRWCX. I think the managers of these funds can obtain good "risk adjusted" returns.
M*: How To Participate In The Emerging-Markets Rally Oh, of course. It is that time of the month again. They have to mention American funds.
Personally I've been looking at FTEMX for years, but somehow never pulled the trigger. I got back into SFGIX after they announced closing but hardly have anything. I'm going to keep patient. If I lose, I lose.
M*: How To Participate In The Emerging-Markets Rally This is a little late to the party, since EM stocks are up about 17% YTD. The way to participate is to have a diversified mix that has an allocation to EM stocks. If you can't stomach the higher volatility, own something like SFGIX or NWFFX that is geared for lower risk. Or don't own any at all, but don't be lured into buying after a big run-up.
Seafarer Returning to the original question, as of Oct. 2 Schwab's website indicates that SFGIX is "available to existing shareholders."
Seafarer On the Matthews-Seafarer question,
the chart shows MAPIX (AF's old fund) still outpointing SFGIX* since
SFGIX's inception, +41.8% to +30.5%.
Yes, they're different animals, but generally I've thought Foster appears to be good manager who's made a mistake with his long-running underweight to Asia (and at one point, before I stopped following the fund closely, some not-so-hot security selection in Latin America). The Asia underweight may seem slight, but over time, it's had to have some effect.
Just another view ...
* If the chart shows only Seafarer, as I think a direct link sometimes does, just add MAPIX to the chart to see the pattern.
Seafarer I moved from MACSX to SFGIX a couple years ago. It made sense to me personally not to have 2 funds following similar agendas, especially when one of those funds (SFGIX) was using a larger geographic scope to accomplish that agenda. Just trending the 2 fund's returns for any time span pretty much proves that was the right move.
But that said, I'm not a proponent of multiple funds in any cap-size or sector type fund. I believe many-of-the-same funds detract from total return. Might as well go with the index since you watered down the managers skills. But that's just me.
Seafarer @MikeW: I'm reasonably certain that Schwab will continue to sell
SFGIX to existing shareholders.
Regards,
Ted
SMVLX - Smead Value Just look at the chart. These kind of finds should be bought with timing. It starts rolling over earlier and then when the turn comes it shoots up in massive outperformance at which point everyone starts noticing. If the market goes down, I bet it goes down. It's a low turnover fund. Look at its top holdings. You think they will hold well in market downturn?
Be patient until everyone starts cursing the fund. Yes, those people who you asked if they owned it will come and tell you :-). Then buy, hold for 2-3 years and then sell. I've done this twice with MXXVX. Did I buy perfectly? No. Did I sell too soon? Absolutely. One shouldn't dream of buying perfect lows and selling at perfect highs.
Needless to say I sold SFGIX too early. I didn't think it would become the fund it has. I figured dollar would stay strong and EMs wouldn't do well. I also didn't have as much gains in WAEMX so I chose to sell SFGIX. Did I leave money on the table? Yes, I don't regret it. Now I know it is closing. I bought a fraction, and will wait patiently for the trough.
You like SMVLX, you should do the same. I'm waiting on BVAOX right now. Also waiting on WGRNX, but I'm getting worried that wait will never end, the point being it's all right if that happens.
Love is not for Mutual Funds. For everything else there is VFINX, etc.
Seafarer Overseas Growth and Income Closing I also own SFGIX, since 2012. Very pleased. It is my only EM equity fund.
Same here. I've owned it for a few years and it's my only EM fund.
Seafarer Overseas Growth and Income Closing I also own SFGIX, since 2012. Very pleased. It is my only EM equity fund.
Seafarer Overseas Growth and Income Closing I'd concur with JoJo26 on both the Seafarer and Grandeur Peak funds and I too own both. Dr. Snowball has written quite frequently about Mr. Foster so if you go to the Commentary page and search for SFGIX or Andrew Foster I think you'll find plenty of valuable insights.
Where to put proceeds from sale of home for dividends/interest? Make sure to fund your Roth annually while working (as noted by Bee). If you are going to give money to (lucky) relatives you can bequeath the Roth IRA to them and their withdrawals will be tax free; they will have to pay taxes on Traditional IRA distribuitons. I also own sfgix/mainx and some of the VG funds mentioned but in IRAs.
BTW push back SS as late as possible. I think every year of delay adds 8%ish to the SS money annually. There is much literature on this; Sam Lee laid this out in a M* article several years ago but it might only be available to newsletter subscribers.
Where to put proceeds from sale of home for dividends/interest? I might look over seas GAINX, MAINX, MACSX, or SFGIX
Food for thought
B
Chuck Jaffe's Money Life Show: Guest: Andrew Foster, Manager, Seafarer Overseas G&I Fund
M*: These Mutual Funds Are New But Still Worthy SFGIX - the reason to own this fund is manager Andrew Foster. Shortly after he left Matthews (where he led MAPIX to great success), I had the opportunity talk with him. He was putting out feelers for what would become Seafarer Funds and agreed that his new fund should be truly different than others in its asst class and have reasonable fees, which it does in both cases. A great manager and a good person, too. And a good option for those who want EM exposure with much less volatility than usual.
