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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.
  • Green Screen Today !
    Lucky you. My own was mixed. MAINX and PREMX were hammered down again today. Over the past weeks, SFGIX has taken a beating. Down today as well, And DLFNX.
    UP: MAPOX, MSCFX, MAPIX, MACSX (---Barely a penny.) And TRAMX was up, too.
  • Just added to my stakes in.....
    Invested in VASVX and contributed to VFSTX before this correction started with my rollover money. Still some cash left.
    Added to FPACX, SFGIX and ARIVX with the money from PRSNX sale. This was done 8/5, before the correction accelerated.
  • Wasatch vs Grandeur Peak
    Reply to @OregonDan:
    I am buying that opening position today in (GPROX). While I have a even split with equities domestic/International in my portfolio I am heavy EM with (MAPTX) (SFGIX) (ODMAX) (WAEMX) and now (GPROX).
    This is looking long term especially in my ROTH. At this point I do not need this fund. When retired this will be my Global small cap paired with (ARTGX).
    Art
  • What funds are up for the day?
    16th August, 2013---Friday:
    UP: TRAMX, MACSX, MAPIX, MSCFX.
    DOWN: PREMX, DLFNX, SFGIX, MAPOX.
    No Change: MAINX. (This fund is doing a very good job, I think, of not dropping so far and so fast as other bond funds through the current ongoing downtrend. In fact, there have lately been a great many days in this fund with NO CHANGE.)
    .......So, on the day: I was DOWN by -0.03%.
  • Particular question re: interpreting the numbers
    Hello.
    It's been a while, so I just Instant X-Rayed my stuff using the M* tool. The results show my portfolio's YIELD at 4.22%. The comparison number, for the S&P 500 shows 2.27........ Does that mean my yield is 2.27 TIMES the S & P 500 yield?
    Otherwise: two-thirds of my equity holdings are in Asia. (I never did get afflicted with the home-country bias!) That includes Japan, Asia Dev. and Asia Emerg... My USA equity portion is up to 9% now. Total for North America = 17.07%. UK = 3.15%....And Africa/Middle East is at 4.44%..... What I hold in continental Europe is negligible. I'd love to have the wherewithal to throw some money at Europe right about now.
    Cash 2%
    Equities 52%
    Bonds 44%
    "other" 2%
    No surprises..... Holdings: DLFNX MAPOX MSCFX SFGIX TRAMX PREMX MACSX MAPIX MAINX.
  • What were your "UP" funds today on a largely "down" day?
    Portf. down for the day by 0.13%. Everything down, but no change in just two: SFGIX and DLFNX.
    The losers:
    PREMX EM bonds
    MAPOX balanced, US Large-cap and some bonds.
    MSCFX US small-cap
    MACSX Asia ex-Japan
    MAPIX Diversified Asia
    MAINX Asia bonds
    TRAMX Africa/Middle East
  • time to look again at emerging markets equity?
    I noticed the P/B of SFGIX is right at the same as the beaten-down index, so that's encouraging; I'm continuing to feed a little more into the fund each month.
    Of the consumer-oriented EM/FM funds I follow, WAFMX looks like the best valuation; it, THDIX and ECON are at relatively high P/B's, but the latter two are also up there in P/E and P/CF, while WAFMX is still pretty reasonable by those two measures.
  • Favorite Mutual Funds in each class?
    LG open
    LB MAPOX
    LV open
    MG open
    MB open
    MV open
    SG open
    SB MSCFX
    SV open
    Int'l SFGIX
    Specialty: TRAMX (Africa/Mideast)
    Asia: MACSX and MAPIX
    bonds: MWTRX and DODIX
  • time to look again at emerging markets equity?
    I sold my WAEMX as I indicated before, but added lil to SFGIX. I plan on selling CEMVX and CIVVX and buy CIOVX by end of the month especially if they do well, because it will good time for me to harvest some gains. So I'm actually reducing my EM exposure.
  • Favorite Mutual Funds in each class?
    LG: One of the PrimeCap funds
    LB: VDIGX (from the funds that are available to me)
    LV: VEIPX (ditto)
    Midcap: Never researched for exclusive midcap funds but hold AKREX and VASVX (a new addition)
    Smallcap: Never successfully found a good smallcap fund so far but hold ARIVX and Hennssey smallcap fund financial fund
    International Lcap: ARTKX
    International M/S cap: Had some success with PRIDX but did not find a permanent solution so far; Not needed anymore with GPGOX in port but would like to have a good intl/glo small cap value. Any suggestions?
    EM: Hold these AEMGX, SFGIX, MAPIX, WAFMX but none of them are favorite/high conviction funds
    Glo Lcap: PQIDX, ARTGX
    Glo M/S cap: GPGOX
    L/S: Never invested so far but hold PAUDX in alternatives section
  • Scott - Where's your thread "Where are you investing now"?
    Reply to @slick: Ya, got into ODVYX before closing in my Wells account but missed it in my Fido rollover :(
    Seems like all the good EM funds closed this past year; ABEMX, HEMZX, ODMAX. Not confident in any of the available funds/managers in the space so thinking of splitting exposure to SFGIX, GPROX, & MPACX evenly at 4% each.
    I agree. PJP is good, you must have some serious gains in that one. Would have bought it but FBIOX was NTF.
  • Scott - Where's your thread "Where are you investing now"?
    Where am I now? Same as last month, same as last year--- though I'm hoping for a domestic pullback sometime soon so that I can deploy some cash which is earmarked to grow my position in MAPOX. Hoping to see SFGIX take off and go places. But I bet A. Foster, taking a long-term view also, is where he wants to be with portfolio allocation. If stuff isn't "happening" these days, it WILL happen when the cycle comes around again.
  • Scott - Where's your thread "Where are you investing now"?
    FWIW, I sold PRSNX and added the proceeds to FPACX, ARIVX and SFGIX.
    The first two hold lots of cash, and hopefully better allocate them than me.
    Third, because EM is underperforming and hopefully has better prospects.
    Still holding lot of cash due to 401K rollover to IRA. Have to decide where to invest that money.
    With evergoing-up market, it is increasingly difficult to deploy money.
    Where are you guys investing now ?
  • Matthews Funds
    Reply to @VintageFreak: Read the thread where you guys are discussing it. http://www.mutualfundobserver.com/discussions-3/#/discussion/comment/26273
    Ha, it is indeed confusing when trying to label a country as "emerging" or "developING" and what criteria is used for it to make the jump. And due to its location we lump Japan with Asia, which like you said is usually associated with emerging markets, so does our ignorance make us racist? Been watching too many Seinfeld reruns during dinner :P
    Trying to manage both exposures I guess. I do hope SFGIX becomes more of a true EM play or that the allocation is based on current value/opportunity, as a lot of the good funds in the category closed this year. Actually gonna buy GPROX soon as soon as a transfer gets processed.
  • Matthews Funds
    Reply to @MaxBialystock: I think for me MACSX and MAPIX is as exotic as I want to get for Asia exposure. I don't buy any foreign/emerging bonds (not that I know anyway since I have been schooled in AQRNX and I dunno WTF it owns). I think MSMLX is just too hard core for me. You may have noticed I've even shirked away from Diversified Emerging Market fund like WAEMX. So I have SFGIX and will look at most to get extra emerging market exposure through other more diversified funds like WAGOX and the like.
    I keep wondering who buy "Africa" funds.
  • Matthews Funds
    I own SFGIX/GICAX for a good foreign spread & MSMLX for the pure EM play (65%).
    I like this spread a bit better than a single world stock, but then I'm into the mid/small value range since the rest of my port is in mid/large growth.
  • Matthews Funds
    Well, man, I think you're on the right road. I own MACSX, MAPIX and the bond fund: MAINX. I'm sticking it out through thick and thicker. I'd just steer clear of country-specific funds. However, a 1% exposure won't ruin you. On the other hand, a 1% exposure isn't going to actually make you much money, either. I also own the more spread-out, global SFGIX.
  • Matthews Funds
    Unless I'm mistaken SFGIX was never intended as an pure Asia play. It is false notion because manager came from Matthews Asia fund that would be the case.
    Expect this to be a diversified international fund over the long haul.
    I own MAPIX and MACSX in my IRA, SFGIX in taxable.
  • Matthews Funds
    MAPIX has been good to me the past few years but unfortunately missed the closure by a few days in a 401k rollover @ Fido. Invested 3% in MACSX and 5% in SFGIX (combined with 5% each in OAKIX & FMIJX for total international exposure).
    However, I noticed it's categorized as a "Pacific/Asia ex-Japan Stk" by M* and looking at the breakdown, it has 10% in Japan, compared to 20% and 40%+ for MAPIX & MPACX, respectively. While staying away from "The Lost Decade" positively contributed to the long-term success of MACSX, this has resulted in a significant drag on returns YTD.
    Not trying to go performance chasing, but have learned to never underestimate the power of the printing press and believe Abenomics will heavily influence the Nikkei.
    This particular portfolio can handle much more volatility than the other one which owns MAPIX, so I am thinking about either swapping the Asian Growth & Income for just the Growth, OR maybe just add a small 1% position in MJFOX (I am rather meticulous in managing this portfolio for my mother so take asset allocation very seriously, plus I just plain love this shit).
    Interested to hear your thoughts and opinions. Thanks
  • Escaping the Grandeur of Wasatch
    Mike,
    Ultimate goal is simplification. An impediment to meeting this goal as I explained above was my need to "churn" my portfolio to book gains to offset losses on the books. I have a lot primarily because of investing in stock of company i or my wife (keep guessing) worked at which then went bankrupt.
    So, I've been thinking about this since I started this thread. After examining the portfolios of the 4 Wasatch funds I own, I am coming to conclusion instead of keeping WAIGX and WAHGX, I should ONLY keep WAGOX. WAGOX seems to be giving me exposure across what WAIGX, WAHGX and WAEMX does. In fact WAGOX owns more of Emerging Markets as percentage of total assets than in WAIGX. Needless to say I will not be buying as much as I own in the other three into WAGOX. Besides I also own SFGIX which I plan to DCA into.
    So next week I expect to sell all 4 at the brokerage I own them at, one, one day at a time with the first being WAGOX. Meanwhile I will start rolling into WAGOX at another brokerage.
    This is how you do it people !!!