Hey, all. I'm sitting on way too much MAPIX. Ya, I got in years ago, and it's no secret the fund has done well. The original share purchase was one big chunk, getting myself 100% out of TAVIX in early 2009....... I took a chunk and put it in MJFOX, and it went nowhere. I moved that chunk (with a small "paper" loss) and moved it to their FOCUSED fund with not many different equity positions. It moves, but at a snail's pace. Am I going to move it to MEASX? (Frontier/emerging Asia.) I don't want to go performance chasing, and I don't like the ER. But if it's good, it's good. It's already had a good rise, ytd and going back 1-year. This would be 6% of portfolio. And I own other frontier stuff in TRAMX, but it's just 2.8% of portfolio. Thanks.
Comments
As for MAPIX, I would not sell it all. What percentage of you portfolio does this fund hold? If it's a lot, I might pare back but keep some money in it.
1. keep it at Matthews
2. reduce the proportion of MAPIX in the portfolio, and
3. not shoot myself in the foot.
.......So, if I take X amount from MAPIX and put it in MEASX, is that a worthy destination for the money? Thanks for your thoughts, above.
29.78% is a lot in my opinion. My shares of MAPIX= 9.02% of my portfolio. It is a good fund though and it is closed to new investors so I would not sell it all. If you decide to sell, just pare it back a bit. The bigger question is where to go with that money? MEASX I'm sure is a good fund but it has a high ER. Also, and this again is my opinion, it does not include Hong Kong, Singapore as well as Japan. Japan may not be the fastest growing economy but the other two are pretty important in this region. I am getting the impression you want to be in emerging markets or in Asia with your comments. EM funds in this region have been slow as of late. It depends on what your impression of the future is and how countries like India and other countries will grow with the economy. It will be a rough ride and if you don't like volatility then you have more to think on. I would keep my asset allocations on these funds a bit lower. Depending on your asset size, 5-10% might be a good start.
A simple way would be to keep 10% in MAPIX and maybe another 5% in MAPTX. You still have TRAMX from your comment above and that is a good one for a small amount too. As for the rest if any, there are many funds that might fit for you but wit the markets at this stage, you might be chasing performance.
I am just one person and one opinion. I hope others will give some recommendations or suggestions. What works for me may not be for you. But I do believe your almost 30% in MAPIX is too much.
Hope this helps.
MAPTX sounds good, too. But I'm already sitting on 13 different funds. Some of them, ostensibly the "hot" ones--- serve as feeders for more tame, core funds in the portfolio: PRWCX and MAPOX.
I will indeed move some money, but keep a big chunk in MAPIX. Thanks again. I've already decided that I want to keep this all in Matthews.
Matthews is a great company. I have MAINX as well as MAPIX. MAINX is around 5% of my portfolio. But, they are Asia centric. That's their business and they are good at it. Having exposure to Europe is good too.
You may have more moves to make but take it slow and use opportunities to make changes. My favorite visual for my $cost avg method was the water hose and bucket. The water was my money going into investments. The hose directed that money. The buckets were my investments. As some investments fell out of favor and I still believed in them I would point that hose and fill that bucket more than the others. It's a value type $cost avg method. On the other hand if a fund had a big year I would sweep profits in one or more of the others. My big year was the year TWCUX had a 80% +/- return. I swept the profits. The next couple of years were not that good. Typical after a big return.
I think you will be happy with MEASX.
"It's not a very big amount, a bit more than 6% of my portfolio." in professional asset management, this is a very big trade -- have no doubt. plus you're redeeming the more stable exposure to fund the frontier one....
on the other hand, 30% in one fund that is not a target-date or otherwise multi-asset fund is obscene, i agree. but your asset allocation and decision making seem a bit rushed. hope you have checked your portfolio composition via morning* or otherwise and are satisfied that it will meet your retirement or alternatively specified goals. good luck.
You've confirmed what I had known, deep down--- that my MAPIX was becoming a behemoth. Too risky to have such an amount in one basket. I expect I'll be too late to grab huge profits right away in MEASX. I'll have to be patient with it. But it is certainly making money!
1. You have about 30% in one fund at Matthews.
2. If you go to a different Matthews fund, you're still Asia-focused. Diversifying your holdings in Asia-related, but not diversifying more broadly. Pretty much what Maurice said.
3. Still not getting the invest directly with fund companies thing (if they sold shares at 5% less than NAV if you invested directly like how some companies give you a 5% discount if you DRIP - yeah, absolutely, but I'm not seeing the benefits as is.)
@Crash, for future movements, since you have funds at TRowe and Mairs and Power, perhaps some of their funds would help diversify your portfolio?
>> once SS kicks-in at 62.
crash, none of my, or our, business, but can you possibly wait?
Great, now he has to come up with another profile name...I suggest MAX_PI. A combination of his former self, his affinity for a particular Matthew's fund, and a great dessert.
the porfolio balance is now slightly better than 70% in PREMX in the past and probably warrants the new handle, but still not diversified enough. for someone counting days to a reduced SS check, investing like a 20 year old is not appropriate. whatever your real name is, we care about your investment results and that's why we've commented over the years. did you wake up one day and decided that MEASX is the way to go just because you don't want to deal with setting up a brokerage account or with paperwork transfer from matthews to another custodian? these should not be investment considerations in this century.
still, best of luck to you.
1. MAPIX 23.57% of portfolio Matthews Asia Div.
2. PRWCX 18.74 TRP Cap. Apprec.
3. PRESX 14.87 TRP Developed Europe
4. MAPOX 9.01 Mairs & Power Balanced
5. MEASX 6.2 Matthews Emerging Asia
6. MAFSX 6.19 Matthews Focused
7. PREMX 3.94 TRP Emerg. Mkt Bonds
8. MAINX 3.54 Matthews mostly Asia bonds
9. SFGIX 2.82 Seafarer EM
10. TRAMX 2.81 TRP Africa-Middle East
11. MACSX 2.63 Matthews Growth & Income
12. DLFNX 2.46 DoubleLine bonds
13. MSCFX 2.45 Mairs & Power Small-cap.
14. NAESX 0.76 (wife's 403b) Vanguard Small-cap Index Fund
*****************************
M* Instant X-Ray:
Cash 4%
US 20
Foreign 56
-Europe Developed 14.63
-Europe Emerg. 0.46
-Asia Dev. 11.63
-Asia Emerg. 23.99
-Japan 7.76
-UK 7.56
-Canada 6.74
-Ausralasia 3.83
-Africa/Middle East 2.79
-Latin America 0.61
BONDS: 17
"Other:" 3
++++++++++++++
Thanks for all the support, everyone. As I suppose it is for the rest of you, this thing is always a work in progress. I mentioned that I'll be growing MAPOX, and also my bond funds, particularly DLFNX. An intense, focused, lengthy conversation with a financial pro last year was enlightening. Wholesale changes were made. I want it to be truly worldwide. It is that. But it's still, as I say, a work in progress. Like myself.
M* Instant X-Ray:
Cash 4%
US 20
Foreign 56
-Europe Developed 14.63
-Europe Emerg. 0.46
-Asia Dev. 11.63
-Asia Emerg. 23.99
-Japan 7.76
-UK 7.56
-Canada 6.74
-Ausralasia 3.83
-Africa/Middle East 2.79
-Latin America 0.61
BONDS: 17
"Other:" 3
I haven't used that tool personally........I'm not getting a clear picture:
% US bonds vs. % foreign bonds?
Looks like you have fixed income: 17% "bonds", 4% cash= 21% fixed income
Can't tell what "other" is, I don't like when Morningstar uses that term.
56% foreign stocks, 20% US stocks?
Just wondering what made you want to be 56% foreign stocks and only 20% US stocks.
Looks like 74% of your stock allocation [56/76] is foreign stocks.
A "total world market weighting" would be closer to 50/50, which is close to the allocation in the Vanguard Total World Stock Index fund
Nothing wrong with being heavily in foreign stocks.
One day the performance of foreign stocks will trounce the performance of US stocks, and at that time you would be glad you were not 50/50.
Most US investors have a "home bias" and are weighted/skewed towards US stocks.
DLFNX is domestic bonds, at 2.46% of portf.
MAINX is at 3.54% "World Bond" category at Morningstar.
PREMX is EM bonds, at 3.94%
Domestic funds PRWCX and MAPOX are "balanced" and hold bonds with equities, too.
In the "other" category, my best guess is that it's some Treasury "shorts" in MAINX and convertible bonds in MACSX.
If you were to move your portfolio to a brokerage, say Schwab, they will give advice and answer questions for you for free. You don't have to except the advice but they would be able to lay out different risk scenarios for you. If you have a brick-and-mortar brokerage in your area where you can sit face to face with someone that's even better. I just think you could assemble a much better risk-reward portfolio now, not waiting for new contributions to get it there. That would probably take many years. Waiting could be hazardous to your wealth.