I agree with davidrmoran. If I look at the last 30 days or the last 60 days, I can find a whole lot of funds that did better than the S&P 500 and better than the funds that were mentioned. But to conclude that what happened to any fund in the recent mini-correction is an indication of what will occur during a real sell-off is a stretch. With few exceptions, I really don't give a rat's behind how a fund does compared to the S&P 500, the exceptions being those funds whose benchmark is the S&P 500. I am interested, however, in how various allocations of funds do TOGETHER when the going gets more volatile. And for us it is much more important to keep a long view of things rather than faunch over what happened in a very, very short time period, which is often meaningless. FPA Crescent FPACX is run by a great manager, and we use it in many client portfolios. It has actually under-performed the S&P, but we don't compare it to that index, and we certainly will not make a decision on whether to hold it based on the last few weeks.

John, I'm too lazy to look it up- what's the time difference between you and San Francisco?
Thanks- OJ
Disregard- I found it... 7:15 PM there = 4:15 AM here
4:15AM?? What the hell am I doing up? Back to bed for me! Later...

FYI:
Regards,
Ted
http://www.chartoftheday.com/20141029.htm?T

Friends,
Here is my portfolio. Please let me know your review comments.
Some of the funds like VGSTX is there because I have no other choice. I recently sold SFGIX to put more money into ARTKX. I prefer SFGIX over MACSX due to its diversity, and would buy it to replace MACSX at some point in future.
Fund Name % Weight
************ *********
Vanguard Dividend Growth Inv 13.57
FPA Crescent 10.37
Vanguard Global Equity Inv 10.16
Akre Focus Retail 9.23
Whitebox Tactical Opportunities Investor 7.96
Grandeur Peak Global Opportunities Inv 6.92
Grandeur Peak Emerg Mkts Opps Inv 6.7
Vanguard Capital Opportunity Inv 6.38
Artisan Global Value Investor 6.26
Vanguard Selected Value Inv 5.68
Artisan International Value Investor 3.5
Wasatch Frontier Emerg Sm Countrs Inv 3.32
Matthews Asian Growth & Inc Investor 3.31
T. Rowe Price Health Sciences 2.98
Vanguard STAR Inv 2.28
Templeton Russia & East Europe Common 1.38
Total 100

that's why you may need both active and passive in your holdings, i would suggest perhpas 50/50 [that's what i have in my portfolio...]

I hold HQL and PRHSX and several other funds that are significantly overweight healthcare both in the US and in developing markets. I think HQL does perform just as well as the Fidelity funds over time. Its equal to FBIOX and a little ahead of FSPHX over the last 5 years, behind both over 10 years and comfortably ahead of both over 15 years. My portfolio is designed to be overweight healthcare, so I'm just using different vehicles to achieve my goal and target different areas.

Hi OJ, here's what the fact sheet says. Gross is 1.40 and net is 1.14 for the retail shares. Cheers, AJ
Class R (Retail)
NASDAQ Symbol: RNDLX
CUSIP Number: 76881N301
Minimum Initial Investment: $5,000
Minimum IRA Initial Investment: $1,000
Annualized Net Expense Ratio Annual Report: 1.14%
Gross Expense Ratio: 1.40%

@heezsafe
Hi there- Are you sure about the 1.15% ER? The reason that I ask is that when I downloaded the fact sheet, it does show 1.15 for RNSIX (the Institutional Class) but still 1.4% for RNSIX (R Class).
Thanks- OJ

>> ignited the formation of this country based on an individuals right to bitch about taxes (Boston Bay Tea Party).
Not quite a sophisticated reading of the history or the events or the reasons.
This is sort of a start, and droll as well:
www.newyorker.com/magazine/2010/05/03/tea-and-sympathy-2
'Today’s reactionary history of early America, reductive, unitary, and, finally, dangerously anti-pluralist, ... compresses a quarter century of political contest into “the founding,” as if the ideas contained in Thomas Paine’s “Common Sense,” severing the bonds of empire, were no different from those in the Constitution, establishing a strong central government. '
etc.

I had two Raymond James accounts. Closed one and they left $0.35 in the account with their miscalculation and sent me statements in the mail monthly for over a year costing $0.79 in postage only. I finally informed them of the situation. Next, I decided to close the other account with the all the waste I witnessed personally. They could not get the amount correct and had to issue three different checks. This went on for some time. Finally they attached a penalty to the last check which I tried to contest much to my dismay. Their comment was ...it is a new fee to close the account.

MainStay Funds (New York Life)
http://www.nylinvestments.com/polos/MSSR06-101450680.pdf

FYI: Where to find shelter amid a market that has returned to dramatic dives and ascents.
Regards,
Ted
http://www.kiplinger.com/printstory.php?pid=12894

Eat copious quantiles of macaroni & cheese and your grocery bill shrinks - but your waist line expands. :)
It absolutely costs more to eat healthy.

The flip side of that is that health insurance may cost less for those (healthy) people who can most afford to pay for insurance.
Found this related item about North Shore - LIJ Care Connect - a new individual insurer, affiliated with North Shore LIJ (a hospital complex serving primarily Long Island, NY):
"North Shore-LIJ Care Connect ... [is requesting] for next year a decrease of 1.3 percent. ... North Shore-LIJ also had a large proportion of members take up Platinum memberships—the most expensive—which could indicate that their customer base was generally better off and therefore in better health, and lower cost to insure."
http://www.northshorelij.com/hospitals/news/behind-new-yorks-2015-health-insurance-rates

Keep the weather warm & hurricanes out of there tampabay. We'll be hanging out next month.
---
I've found we tend to adjust our life styles to our income by and large. Pitch cable and save $100+ a month.
Rely soley on public wifi and save another $50-100.
Drive a clunker and save a bunch on car & insurance.
Eat copious quantiles of macaroni & cheese and your grocery bill shrinks - but your waist line expands. :)
It absolutely costs more to eat healthy.

Howdy @mrdarcey
Your points are all very valid. We have always discussed this aspect with the young ones in the family. One in particular, obtained her law degree from the U. of Michigan. 'Course, she was young and inspired and thought about going to D.C. to start work; kick butt and take names thing. We directed her to the below web site or one very similar; so that she could determine how much money she needed for salary to live there, versus Michigan. She has a comfortable job, in Michigan; associated with her degree and a nice home. Most of Michigan is very affordable.
Other family members recently returned to Michigan with their last residence being in South Orange, NJ. They had a decent home in that city; but not the most expensive one in the area; and their annual real estate taxes were $25,000. Ouch!
Compare cost of living
Thanks for your input.
Catch

My two bond funds have annual returns of +9.7% 5yr, 7+% 10 yr
I EXPECT the same for the future, I guess that's stability... or stable enough

I hope you're right. 7-10% annualized returns for junk bond funds going foreward would seem indicative of a robust economy and correspondingly strong stock market (not that I mind). Remember, however, that junk, like most bonds. also had declining interest rates as a tail wind over the past 10 years. I'm not at all certain rates can continue to decline.

Really? A $1000/week isn't enough? Change your lifestyle then.
p.s. I lived in the Bay Area (Berkeley to be precise) on a $1000/month, with 2 kids, no problem. Guess it all depends.

I know I'll probably get scoffed at, but where I live (MD/Wash DC), $52,000 might get you check to check in a studio apartment, frugal or not, particularly if you are younger and just starting out.
If you live in the closest and cheapest livable suburb in VA (which you'll have to do because living out further will mean you need a car, and living in DC or MD will mean much higher taxes), you'll take home $734.50 weekly of your $1000 salary. That's $3182.83 per month.
Almost no leasing agent will even talk to you unless you make over $45k here, and then you better have sterling credit. 400 sq ft. studios start at $1250 as a rule; one bedrooms go for around $1500-$1700. That doesn't include utilities, internet, phone, water, transportation, food, health care, clothing, or any other outstanding debt.
$3182.50 - take home
-$1250 - rent
-$ 100 - utilities/electric/water (my BGE bill + water averaged about $125 for a 1BR for the past 4 years)
-$ 50 - internet (no cable)
-$ 90 - 2GB Phone contract w/ phone through AT&T
-$ 350 - Health insurance (figured @8% of $52k)
-$ 200 - Transportation on METRO (@$8 p/d, 5 days a week + $25 p/m)
-$ 380 - Food (@ $12.50 p/d. It isn't just rent that's steep here)
-$ 375 - Student Loan payments (that's about $50,000 @ 6.8% over 20 years, because you aren't getting a $52,000 a year job here without at least 1 or 2 degrees, usually at a higher cost than this.)
_______________
$387.50, or $89.42 p/w before car, clothes, and other misc. expenses even start. And that is without any investing in a retirement account to get that $1M or savings towards a downpayment on a house. The obvious solution is to get a roommate, but that is only going to knock your monthly rent down about $400. You could also move some place us, but plenty of us are from here and have family, or have skills that are only employable in DC.
And people don't even want to know what NYC costs.

The comment about SS waiting from age 62 to 65 and the comment about CPI not keeping up with "real" inflation are two different things. The SS payout goes up each year you wait based on change in life expectancy, not based on CPI. The inflation change is in addition to whatever the life expectancy adjustment is. For example, if you are 62 you are expected to live another (approximately) 21 years. If you wait a year, you now are expected to live another 20 years so the payout goes up about 5% because of that.

Performance PRHYX More... source morningstar
Growth of 10,000 10,429 9,996 10,563 13,388 16,083 21,131
Fund 4.29 -0.04 5.63 10.21 5yr +9.97 10 yr+7.77
Guess I need glases, I'll live with ultra/low cost VWEHX of +9.43 +6.78