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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.
  • Morningstar.com top 10 portfolio holdings?
    @WABAC
    My 11am link for FSMEX is a non-member at M*. We've never had an account.
    I've not had any problem with any of this holding data.
  • Morningstar.com top 10 portfolio holdings?
    Hi Randy,
    Still in the same location at M*.
    This is the generic quote page at M*, selected for FSMEX.
    Select the "portfolio" tab, then scroll down for the last set of data; for "Holdings".
    Take care,
    Catch
  • Technology fund
    USNQX
    NASDX
    Fidelity Select Funds, for example FSMEX = Medical Device Equipment.
    PRGTX
    MATFX
    etfs:
    VGT
    BOTZ
  • 2020 Challenge - participants
    10/30/20
    Fund Price Shrs Total
    IRA
    FBSOX $80.35 1490.922 $119,795.56
    FSCSX $23.68 6911.407 $163,662.12
    FSMEX $70.07 894.361 $62,667.84
    FSRPX $20.51 2626.641 $53,872.40
    FSPTX $25.95 7730.426 $200,604.55
    FSPHX $31.05 1788.444 $55,531.20
    FOCPX $15.08 9010.463 $135,877.78
    Taxable
    FNCMX $137.78 1664.039 $229,271.33
    FBGRX $139.35 1368.101 $190,644.87
    cash 0 0 $0.00
    Total ----- ----- $1,211,927.65
    YTD 21.19%
    MTD -3.37%
    Copying my spreadsheet as with M* and ACI this took about 4% of editing as on M* where ACI took about 5% of M* time.
    Rich
  • Perpetual Buy/Sell/Why Thread
    @BenWP - First I bought/buy nearly all my CEF positions at large discounts to NAV usually after major market swoons. I don't tend to trade them and I'm primarily interested in the distributions they throw off. I hold only one healthcare equity position (ABBV) because I'm not smart enough to pick individual holdings across the sector.
    Why BME - strong parent company with a solid, steady performance history of roughly 12% - 9.5% - 15% (3 - 5 - 10 yr avg).
    Why THQ - while the major holdings are fairly similar to BME the fund can and does look worldwide. It also is selling at a large discount and when I can buy assets at 12% off I'll do it. Tekla handles healthcare quite well.
    Granted I might have done better buying something like FSMEX but tax handcuffs would pinch more than I care to deal with at the moment. I used to hold HQL but at the time many of their positions were similar to holdings in POAGX. I opted to keep the latter.
  • What do you hold in taxable accounts?
    Yes, FSMEX opened again on April 1, 2020
    1 Yr 3 Yrs 5 Yrs 10 Yrs Life
    26.36% 21.42% 18.37% 19.91% 15.23%
    Thanks for that. I'll keep an eye on it.
  • What do you hold in taxable accounts?
    @Sven Interestingly, VWELX/VGWLX now own lots of stocks in blend category. I wanted VGWLX as my largest holding in the tax deferred space is a growth-oriented target date fund.
    @WABAC like @rforno, I used to own GLFOX and FSMEX in Roth. One thing I find it hard is if I should change/transition my portfolio from accumulation to income. I'll revisit them.
    @rforno Can't get in PRWCX. Sold it when Giroux took over. Should have stayed put. I've been watching VLAIX and find it a reasonable choice. VLAIX managers do adjust equity allocation, now at 55%, more than other allocation funds.
    @Mark Mr. Heugh has been a good surprise. I went with MIOPX over VWIGX.
  • What do you hold in taxable accounts?
    Yes, FSMEX opened again on April 1, 2020
    1 Yr 3 Yrs 5 Yrs 10 Yrs Life
    26.36% 21.42% 18.37% 19.91% 15.23%
  • What do you hold in taxable accounts?
    @WABAC - I believe that FSMEX is currently open. I just checked and it is.
  • What do you hold in taxable accounts?
    @WABAC I used to slice and dice (or collect) funds am comfortable dealing with complexity. That said, my spouse has no interest managing portfolio and I'm leaning towards holding a core or two and building around it with a few specialties.
    @Irwilliams VTMFX would be a good core if available at Fidelity. (TAIAX) American Funds Tax-Aware Conservative Growth and Income is okay, but trails VTMFX pretty much all periods.
    Keep an eye out for FSMEX re-opening, and jump on it. If you've spent anytime around a hospital you'll know they run through a tremendous amount of stuff. Until then check out the other health care fund he runs for Fido.
    I'ld get a good utility fund, a good consumer staple fund. Fido has all those flavors, although the turnover is a little high for my taste. I like GLFOX for my infrastructure fund. The expense ratio has been declining slowly but steadily. The turnover is a reasonable 33%. And the yield is often north of 6%. I should have bought a NASDAQ 100 fund for my taxable back in March while I was shopping.
    I have a few other oddballs. It's really hard to beat the performance of indexes after taxes. But I break them down into small, medium, and large. I use BRILX as a surrogate "index" for large caps. It keeps the sectors and holdings relatively balanced.
    Lots of fund collectors here. You'll probably get an earful.
  • International and emerging markets
    GISYX has surprised the heck out of me. I mainly picked it because it's a midcap with a reasonable expense ratio and reasonable turnover.
    Since I bought it on January 9, 2020 it has out-performed FSMEX, and everything else in my portfolio except USAGX.
    I don't plan on buying new shares at the current level.
  • Reviewing Funds YTD - with comments
    VWINX most recently experienced a (-18.5 %) draw down (from its recent high on 2/21/2020) and a DD recovery of a little less than 4 months time (Feb - June). I spent some time today reviewing and comparing VWINX to other funds I own.
    On a YTD basis many of my funds have returned to positive territory.
    Allocation funds that I own that are positive YTD - PRWCX, VGSTX, VWINX - each roughly 2% positive
    Allocation fund that is still negative - BRUFX - down 2%
    Some other fund in the red YTD:
    FRIFX - down 11% (riskier than I imagined)
    THOPX - down 7.3% (Poor performance for what I consider a cash like fund)
    FMIJX - down 16.8% (has had some recent big up days) - Toe hold
    VMVFX - down 10.4% (this has been a surprise to me...very volatile recently)
    POAGX - down 0.5% (Always surprises)
    VHCOX - down 3.2%
    VWO / VEIEX - down 9.3% - Toe Hold
    Some funds in the black YTD:
    VGHCX - up 3.9%
    PRHSX - up 5.6%
    FSRPX - up 11.4% (retail choices in this fund are far from dead)
    FSMEX - up 2.6% (medical device companies have been good past performers)
    PRMTX - up 19.95% (its recent DD was similar to VWINX, but its 100% Media and Tech)
    PRGSX - up 8.6% (showing strong momentum from the bottom)
    PRNHX - up 16.9% (wish...need to own more)
    PRIDX - up 1.8% - Toe Hold
    Cash like Funds YTD:
    VFISX - up 3.3%
    PRWBX - up 2.5%
    PTIAX - up 0.1%
    I try to identify and understand the downside risk (beta) in my holdings and getting more practice than I wish for. It is probably a more important dynamic than upside potential (alpha). Downside risk either bruises, cuts, or maims your portfolio. I'm trying to minimize the cutting and the maiming.
    Anything surprising you in your portfolio?
  • Mutual Funds with the Highest Perpetual Withdraw Rate
    I don't know enough to fool with any of the default settings.
    These were the standouts.
    GLFOX hits 7.03% at the 10th percentile.
    DODGX at 5.36. Which was better than VDIGX 2.51 or VEIRX 2.65. Shoot. DODIX is at 2.82
    NBGNX at 5.26%
    FDFAX at 5.48
    FBIOX at 4.15. By this test perhaps I should have held onto VGHCX instead of selling it, and splitting it between FBIOX and FSMEX. But I wanted to get away from the providers in their portfolio.
    PRBLX is at 5.26%. So I'll keep that on my watch list.
    Thanks for the link Bee. I'm not sure what I learned though. My plan is to spend down the IRA completely anyway. I hope to leave the taxable to the kids.
  • Mutual Funds with the Highest Perpetual Withdraw Rate
    Using Portfolio Visualizer's Monte Carlo Stimulation feature, I back tested some of the funds I hold in my portfolio. As defind by PV, the Perpetual withdrawal rate is the percentage of portfolio balance that can be withdrawn at the end of each year while retaining the inflation adjusted portfolio balance.
    @MJG's link here - https://portfoliovisualizer.com/monte-carlo-simulation#analysisResults
    At the website, I switch Portfolio Type to "ticker". I entered the tickers one at a time and made the portfolio weight 100%. This provide me with stand alone data for each fund that I hold. I may later combine funds and weight them to see if the combined funds provide better overall results.
    As I enter the phase of life where I will be spending some of these assets (using the 4% rule), I wanted to see how these funds fared as stand alone (asset concentration) and in combination with one another (asset allocation). Stand alone funds that provided the highest perpetual withdrawal rate at the 10th percentile (worst market conditions) were healthcare funds - VGHCX, PRHSX, FSMEX. This sector has historically had great risk adjusted returns. The big question is will they continue to be great funds to own into the future. I think so. Others that provided good withdrawal rates were - PRMTX (Communication & Media Tech Sector) and FSRPX (Retail Sector). Asset allocation funds that I own that did well were PRWCX (70 stocks/30 bonds) and VWINX (40/60). In fact, VWINX had a higher perpetual withdrawal rate than its sister fund VWELX when looking at the 10th percentile (worst market conditions).
    Owning funds that have historically provide the best perpetual withdrawal rate in the worst market conditions (10th percentile) seems like a worthy review. Edited: adding criteria like "worst years first" makes your results even more sobering. Let me know your thoughts and how your funds fared using this criteria.
  • FUND reopenings
    Consider IHI as an alternative to FSMEX if an option for you. Similar performance YTD and better over 3 and 5 year periods (per Schwab data)
  • FUND reopenings
    Not happy Fidelity reopened FSMEX. I’ve been invested in it for three+ years now and I thought the AUM was more than high enough.
    The AUM is still over $5 billion. I presume they see great “value”in their space. I sure hope that’s the reason!
  • FUND reopenings
    Fidelity has reopened FSMEX (medical equipment) FSCRX (small cap discovery) and FCGPX (small cap growth) for those who are interested.
    Fidelity Announcement
  • When to start buying
    Too many unknown to even consider that SA Pollyanna view. I'll wait for Mr. Price to weigh in and I'm willing to miss the absolute bottom to do so. Hopefully by Fall the smog will start to lift but until then I'm willing to accumulate cash to see what the new investing world is taking shape as.
    Edit: Furthermore, waiting allows me to see how some funds I'm interested in manage the destruction. AKREX, FSMEX and QQQ/FTEC are at the top of the list. If I do anything it will be small nibbles and not bites.
  • The new coronavirus economy: A gigantic experiment reshaping how we work and live (OEF Ideas?)
    @Catch22 Why would utility funds like FSUTX have dropped over 20% YTD?
    PE ratios were high by historical standards. Prices were bid up because almost everyone was looking for "safety" and yield.
    Then, when the poop hit the windmill, almost everyone started selling almost everything. Fidelity Med Tech & Devices (FSMEX) is also down a little over 20% so far. And I have to figure the world is burning through the things the constituent companies are selling at a prodigious rate lately.
    BTW. Solar laws vary quite a bit state-to-state. The situation you describe is not the way it works in the Phoenix metro. I won't get into all the argle-bargle because I haven't lived here long enough to figure it out myself. But I do know it pert-near killed the solar installation industry shortly before we moved here. Just trying to figure it out on our utility website was enough to make us skip any consideration of getting solar.
  • Which great mutual fund that's closed, will be opening because of money outflows?
    I'm hoping for Bee's suggestion FSMEX.
    I was bummed when I found it was closed. I wanted to put it in my wife's IRA. I have it in my taxable, and IRA.