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BRUFX is "Moderately Aggressive." (M*). +2.59% YTD in 96th percentile in category. WBALX is "Moderately Conservative." +2.66% YTD in 29th percentile, compared to peers.
If it was on Dec 29 (Dec 30, 31 was a weekend), then yes, it is working for you. If it was 6 months ago, then you're behind, +7.33% vs. 10.67%. If it was 3 months ago, then you're behind, +1.13% vs. +2.27%. If it was 2 months ago, then you're behind, -0.58% vs. +1.17%. If it was 1 month ago, then you're behind, -0.58% vs. +0.03%.
1 month, 2 month, 3 month, 6 month data from M* chart comparisons as of 5/8/24 close. You wrote about switching two months ago, here and here.
IMHO it is silly to look at such short time frames. Also with just a 7 basis point "win" YTD, WBALX could easily drop behind in a single day. Talk about short term!
Not intending to burst your bubble, just suggesting that switches don't prove themselves out one way or the other with short term performance unless you are a frenetic trader. Give it time.
If I’m reading M* correctly, BRUFX is holding over 30% in cash while WBALX holds only around 8%. However, WBALX is quite heavily invested in bonds of varying maturities. Those bond holdings are substantial enough to lower WBALX’s overall equity weighting (44%) to below that of BRUFX (65%). Difference in longer term risk profile (assuming competent managers) IMHO doesn’t amount to ”a hill of beans” as grandma used to say. And @msf is spot-on here.
@Crash wrote about his saga in detail about his recent transfer from Bruce to Schwab. So, this change was new & preplanned. It also involved asset allocation shift from MA to CA.
Comments
If it was on Dec 29 (Dec 30, 31 was a weekend), then yes, it is working for you.
If it was 6 months ago, then you're behind, +7.33% vs. 10.67%.
If it was 3 months ago, then you're behind, +1.13% vs. +2.27%.
If it was 2 months ago, then you're behind, -0.58% vs. +1.17%.
If it was 1 month ago, then you're behind, -0.58% vs. +0.03%.
1 month, 2 month, 3 month, 6 month data from M* chart comparisons as of 5/8/24 close. You wrote about switching two months ago, here and here.
IMHO it is silly to look at such short time frames. Also with just a 7 basis point "win" YTD, WBALX could easily drop behind in a single day. Talk about short term!
Not intending to burst your bubble, just suggesting that switches don't prove themselves out one way or the other with short term performance unless you are a frenetic trader. Give it time.