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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.
  • Oceanstone Fund manager James J. Wang passed away...fund to be liquidated

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    rjb112 in Fund Discussions
  • Champlain All Cap Advisor - CIPYX
    CIPSX's five year returns are below average, but since inception, as Charles's charts show, it's beaten the S&P by 2.8% a year with below average risk. According to M*, since inception on 11/30/2004, 10K in CIPSX has grown to $25,131, vs $19,581 for the average small growth fund and $20,535 for the S&P.
    If like me, VF bought it near inception, it's done well for him. I think it's best to judge funds over a full market cycle, including a bear, and on that scale CIPSX has done well.
    That said, I think there are better funds (and I have too many), but I'd have to take a big capital gains hit so I'm planning to sell it only when I decide to cut back on equities. But I'm nearing that moment...
    expatsp in Fund Discussions
  • Champlain All Cap Advisor - CIPYX
    CIPSX and CIPMX have average absolute performance, as noted above, but great Martins...making them both Great Owls...
    image
    image
    Unfortunately, they charge too much given their AUM.
    Charles Charles in Fund Discussions
  • Champlain All Cap Advisor - CIPYX
    @VintageFreak; Your CIPSX is one wing away from becoming a turkey !
    YTD: 60 Percentile
    One Year: 82 Percentile
    Three Year: 53 Percentile
    Five Year: 81 Percentile
    M* Snapshot Performance Of CIPSX: http://performance.morningstar.com/fund/performance-return.action?t=CIPSX&region=usa&culture=en-US
    CIPSX Is Ranked # 115 In The (SCG) Category By U.S. News & World Report:
    http://money.usnews.com/funds/mutual-funds/small-growth/champlain-small-company-fund/cipsx
    You are also the guy who likes to pay fund managers a fee for holding 12 cents of every dollar you invest in cash.
    "Not seeing the problem. I one fund say I put 10K and put 5K in the bank. Or I put 15K in FPACX. What's the difference?"
    Regards,
    Ted
    Ted Ted in Fund Discussions
  • Oceanstone Fund manager James J. Wang passed away...fund to be liquidated
    @Ted.
    Yes indeed. But because of one amazing moment, his fund beat SP500 25% per year over its 7.5 year lifetime.
    image
    Here's image of your M* performance plot...
    image
    I believe the 10 bagger was Avis, or Budget, or ...
    Charles Charles in Fund Discussions
  • FPACX-Big change to portfolio
    Not seeing the problem. I one fund say I put 10K and put 5K in the bank. Or I put 15K in FPACX. What's the difference?
    I own ARIVX too and I have absolutely no problem with their cash position. When I buy these funds I buy knowing what I'm buying. You can't buy such funds and then question why manager is holding so much cash. Makes no sense to do that IMHO.
    VintageFreak VintageFreak in Fund Discussions
  • FPACX-Big change to portfolio
    Big change to their portfolio- they now show 32.5% in U.S. Treasuries and are down to 12.5 cash-
    FPACX
    aikiron in Fund Discussions
  • Gundlach Fund Declared Unratable by Morningstar

    What's with the 1* on that? Odd. Fund would appear to be doing what it set out to do just fine.
    I'm not familiar with the fund, but I am familiar with the M* star ratings and M* Analyst ratings, which are two entirely different things:
    The M* star rating is a mathematical rating only, based on total return versus category, in this case high yield bond fund category. It's not their personal opinion of the fund, which is expressed in an Analyst rating of gold, silver, bronze, neutral or negative, for funds that have an analyst rating. Math only, compared to category M* has assigned it to.
    Here's the performance, and why it has a 1*. Take a look at the percentile Rank in Category, which again is math only, based on total return
    image
    This fund is not covered by M*, so there is no analyst report nor Analyst rating of gold, silver, bronze, neutral or negative, which would represent their opinion of the fund
    rjb112 in Fund Discussions
  • CONSOLIDATE SMALL CAP FUNDS
    I too would get rid of FSCRX, because of its size. It's probably not a bad time to dial down on small caps anyway. I hate to pay taxes, but a concern with WSCVX is that its manager is also nearing retirement age (born 1945), so it's probably not one you will want to leave to your heirs, and I think it's pretty similar to VVPSX in its profile. GPROX I don't think overlaps with the others, since it's mostly global.
    So my vote would be to sell FSCRX and, if you can sell something else at a loss to compensate for the capital gains, sell WSCVX too. Otherwise just sell FSCRX and call it a day.
    Or you can just sit tight -- I think consolidation for the sake of consolidation is overrated, and FSCRX, with its low turnover and good downside protection, seems to be managing its size well.
    Congrats on having chosen such good funds!
    expatsp in Fund Discussions
  • M* To Pay $61 Million To Settle Intellectual Property Lawsuit
    FYI Morningstar Inc. said it will pay $61 million to settle an intellectual property lawsuit filed by a Chicago-based developer of financial software, according to a Securities and Exchange Commission filing.:
    Regards,
    Ted
    http://www.chicagotribune.com/business/breaking/chi-morningstar-settlement-intellectual-property-20140717,0,4765214,print.story
    Ted Ted in Fund Discussions
  • CONSOLIDATE SMALL CAP FUNDS
    I own four excellent small cap funds and I wish to consolIdate my holdings.
    I hold FSCRX, WSCVX, VVPSX, GPROX ( a global small cap fund with 67% of it's of it's portfolio in small caps ) as well as FMIMX which has 31% of its portfolio in small caps. All five funds are closed to new investors. The largest of these FMIMX has 1.5 B AUM versus FSCRX at 6 B.
    I would like to consolidate my holdings and my instincts is to first get rid of FSCRX because of its size and perhaps 1 to 3 other holdings. However, I've seen other small cap funds continue to be quite successful after accumulating even larger assets. If it morphed into a midcap fund that might be okay. All are in non-taxable accounts except WSCVX.
    I do not wish to part with FMIMX since it provides much of my midcap exposure and has the longest record.
    I am in my 70's so these are really aggressive holdings for me, but I do not need the income from my accounts to support myself, and presume I would hold onto these holdings during the rest of my lifetime. Will my heirs do likewise? I have my doubts so risk reduction is a concern.
    What would you hold onto what would you fold?
    golub1 in Fund Discussions
  • Need Advise... to invest windfall... DCA? Follow a newsletter?
    do not follow some newsletter
    'get creamed'? do you care? does it matter?
    if you don't need to touch it for many years, put it all now into SCHD, PKW, FSCRX, FLVCX, and some global thing you like, say VEU. 15/15/25/15/30. If that feels worrisome, then a third now, a third Oct 1, and the rest New Year's, same proportions.
    davidrmoran davidrmoran in Fund Discussions
  • The Closing Bell: U.S. Stocks Fall To Session Lows
    FYI:
    Regards,
    Ted
    http://online.wsj.com/articles/u-s-stock-futures-drop-ahead-of-economic-data-1405599368#printMode
    Markets At A Glance; http://markets.wsj.com/us
    Ted Ted in Fund Discussions
  • The Holy Grail of Emerging Market Investing...Find a good fund manager
    Matthews, SFGIX, TRAMX.
    Matthews = (gulp) 38.7% of my stuff, plus MAINX bonds, carrying 3.53% of total. Also PREMX bonds at 3.96%.
    SFGIX = 2.76% of portf.
    TRAMX = 2.66% of total. It's at a new all-time high, $10.23. Luckily, I got in at $7.19 and in January, took goodly profits and gave it all to PRWCX. So proportionally, TRAMX is smaller than it was at the New Year.
    Crash Crash in Fund Discussions
  • The Holy Grail of Emerging Market Investing...Find a good fund manager
    The only pure emerging/frontier holding I have is WAFMX. Also own MAINX, a small chunk of PAFSX just to try it out, and GPROX; those are all ~ in the 40-50% range in EMs.
    I also keep an eye on HLMOX, MEASX, and SFGIX, but no $ there.
    RIMIX looks interesting; it's 'EM' but almost entirely invested in Asia. It and PAFSX are pretty much tied since PAFSX opened for biz'ness ... but Paf is very heavy in tech, so it may not be a consistent winner.
    AndyJ in Fund Discussions
  • crash comin'?
    More of the same, this time from Henry Blogdet:
    There's going to be no end to these articles........until there will actually be the inevitable bear market, and then they will all say they were right.......
    http://finance.yahoo.com/news/two-signs-a-market-crash-is-coming-153348885.html
    rjb112 in Fund Discussions
  • Need Advise... to invest windfall... DCA? Follow a newsletter?
    catch22,
    Good to see you around again.. Here are the answers. I am looking for ideas/suggestions on the three strategies I mentioned (or any other strategy for that matter) - DCA the whole amount over 18 months, wait for a correction and then start DCAing in, or follow a newsletter. Looking forward to your and other's opinions.
    -B
    Howdy @Bhopali
    --- What are the 10 funds you now have and what percentage of each, for your total holdings?
    OSMAX - Oppenhiemer Intl Small (12%), PRFDX - T Rowe Equity Income (20%), VFINX - Vanguard 500 (13%), VIMSX - Vanguard Mid Index (10%), VISGX - Vanguard Small Index (20%), DODFX - Dodge and Cox Intl (10%), PRNEX - T Rowe New Era (5%), PRMSX - T Rowe Emerging (5%), PCVAX - Allianz Small Cap Value (5%)
    ---Are all of your current fund holdings in tax sheltered accts (IRA's, etc.)?
    Currently, about half is in sheltered and other half in taxable
    ---Will all of this new money have to be invested in non-tax sheltered accts; or are you able to invest some of the monies into a Roth IRA?
    All of it will be in taxable.
    ---Do you currently invest monies into a 401k, 403b, etc.?
    Yes. 401k and Roth
    ---There are those here who frown upon any advisement being given by strangers via a discussion board on the internet.
    I understand. I am looking for suggestions. Fundalarm, and now mutual fund observer, has been my source of ideas for 10+ years. I don't post often but usually do when I want suggestions...
    For all practical purposes, consider whatever advisement you may be provided; to constitute.............suggestions for consideration.
    Regards,
    Catch
    Bhopali in Fund Discussions
  • The Holy Grail of Emerging Market Investing...Find a good fund manager
    So far I'm very happy with Wasatch WAFMX, Matthews MAPIX, Artisan ARTGX, Seafarer SFGIX, and Grandeur Peak GPROX. When the inevitable major downturn happens, it will be interesting to see who does what to whom, but I'm hoping that there's sufficient diversity in that bunch to smooth things a bit. As a group, they comprise about 15% of the total portfolio.
    Old_Joe Old_Joe in Fund Discussions
  • Need Advise... to invest windfall... DCA? Follow a newsletter?
    Gurus,
    I am posting after a long time. Need your help! I have had the good fortune of a long due (non stock) investment cash out finally! I am trying to figure out if now is a good time to invest it in the market, especially given that this bull is already 4 years in the running. Here is my situation:
    1. Age: 40
    2. Tolerance for risk: High (weathered the 2001 and 2008 crashes as buying opportunities)
    3. Overall current portfolio: well diversified with approx 10 funds.
    4. New money: About 2X than current portfolio.
    The options I am considering are:
    1. DCA in the current portfolio over next 18 months. However, this can be risky as the bull is getting old so if we do have a major correction in 6 months, I would get creamed on a large part of my investment.
    2. Sit on cash till a major correction (15%+) and then put 50% of the new monies in. DCA the remaining over next 12 months.
    3. Get a good investment newsletter and start following it to the tee (any suggestions?).
    What would you do in my situation? Any good newsletters that you live by?
    Would really appreciate your counsel.
    - Bhopali
    Bhopali in Fund Discussions
  • crash comin'?
    VintageFreak,
    “I read such articles, keep diversified portfolio, sell if market drops
    10 percent, then buy back if market crosses previous high.”
    What?
    Using SPY (the ETF for the S&P 500 Index).
    The high in late 2007 was 155.75.
    It dropped >10% in January of 2000.
    So you sold equities.
    It didn’t come back and cross the “previous high” of 155.75
    until late 2007 when it hit 157.52.
    So then you bought back - just in time for the next crash.
    Am I understanding your strategy?
    no you are not. I again sold after it crashed 10%. And I should have mentioned I only do this in 401k. Otherwise I DCA. Also I was holding my left hand up while I was typing the response instead of my right hand.
    Sarcasm est moi nome
    VintageFreak VintageFreak in Fund Discussions