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.
American Funds New Economy, ANEFX- only one of the 24 funds to actually go up, even if only by 0.06%. WAFMX and RPHYX managed to stay even. Percentage-wise, GASFX led the way down with a 1.31% drop.
Mixed bag on World and EM- worst is MAPIX, -1.07%, best is American Funds World Growth & Income (CWGIX), -0.04%.
I'll employ one of General Powell's rules: It ain't as bad as you think...it will look better in morning.
Especially given strong after hours earnings by QCOM, FB, V.
Still somewhat incredulous on today's outcome given home sale surge and strong earnings reported (eg., BA, F, NOC). Maybe Detroit has just spooked everybody. Or, maybe it's because William and Kate named their son George.
ARTKX and RWGFX both up today. RWGFX is presumably due to Apple (which has been a drag on it all year); not sure about ARTKX but Europe generally had a good day.
On the flipside, ARIVX was down almost as much as the Russell 2000 index (despite being 60% in cash), and PAUIX is also continuing its dismal 2013 performance.
Reply to @Old_Joe: Yep. I'll double down on that. My whole effort is designed to tinker less and leave her alone. Thanks for taking the gentle rub in stride. I've been there often before. Been consolidating a bit - down to 16 including the 2 cash accounts. Take care.
Following is the present portfolio percentage distribution, showing recent changes as noted by dates. Cash positions are not shown, but approximate portfolio distribution currently is: Equity Funds: 15% / Bond Funds: 5% / Cash: 80% • (May not equal 100% due to rounding error.)
7/24/13AF = American Funds Change SinceAC = American Century 7/23/13S: = Schwab Account
US Equity FundPF %ChangeYTDFund Name AF ANCFX 2.1% -0.45% 17.5% AF Fundamental Investors AC ACMVX 6.5% -0.7% 21% AC Midcap Value S: GABAX 5.1% -0.74% 19.7% S: Gabelli Asset S: GASFX 2.5% -1.31% 16.9% S: FBR Fund Advisors S: MFLDX 5.9% -0.23% 10.5% S: Marketfield S: BUFBX 0.5% -0.36% 11.3% S: Buffalo Flexible Income S: PRBLX 0.5% -0.6% 19.9% S: Parnassus Equity Income S: VVPSX 1% -0.44% 23.3% S: Vulcan Value Small Cap Total %22%-0.6%
US Balanced AF ABALX 12.4% -0.43% 13% AF American Balanced Fund AC TWSMX 6.3% -0.27% 8.9% AC Strategic Allocation (Moderate) Total %19%-0.4%
World & EM Equity AF SMCWX 19.6% -0.41% 16.3% AF Smallcap World Fund AF CWGIX 1.4% -0.04% 12.7% AF Capital World Growth & Income AF ANEFX 4.4% +0.06% 21.9% AF New Economy Fund S: MAPIX 4.8% -1.07% 9.5% S: Matthews Asia Dividend S: ARTGX 2.4% -0.07% 17.5% S: Artisan Global Value Investor S: SFGIX 4.3% -0.97% 0.5% S: Seafarer Overseas G & I S: WAFMX 2.8% 0 % 12.9% S: Wasatch Frontier Emerging Total %40%-0.4%
US Bond Funds AF ABNDX 0.6% -0.39% -2.4% AF Bond Fund of America AF AIBAX 1.2% -0.23% -1.4% AF Intermediate Term Bond Fund AF AHITX 2.6% -0.26% 3.5% AF High Income Trust AC ABHIX 0.7% -0.31% 3.3% AC High Yield Bond Fund S: RPHYX 6.2% 0 % 1.7% S: Riverpark Short Term HY S: PONDX 5.7% -0.41% 1.8% S: PIMCO Income Fund (D) Total %17%-0.2%
Non-US Bond Funds S: MAINX 0.5% -0.08% -1.9% S: Matthews Asia Strategic Income
Note: The portfolio percentages shown would be as a % of the present 20% Equity+Bond exposure.
Reply to @Old_Joe: Interesting. Sure looks like a plan to me. I used to have quite a bit at AC - Good outfit and liked some of their funds. However, much frustration as they began imposing loads. They let me remain load-free in the funds I already held, but effectively locked me out of many other fine funds. Voted with my feet.
I had a couple of upward zingers yesterday myself and a few that held their on ... slicking out even ... but, I also had, and ... for the most part ... a good number that were negative.
And ... so it goes ... Looks like today is shaping up to be more of the same from yesterday ... red ... red ... and, even some more, red ... as currently the foreign markets I checked this morning are reporting down and our state side futures are showning a lot of red also. Looks like "cash" ... might be ... "King for the Day."
With this, I have provided a link that you might enjoy ... If you would like to view the colors for yourself.
Enjoy your day ... the best you can ... Thinking of heading to the golf course for the Thursday afternoon scramble and then drive down to the coast, with the wife, for the weekend so I'll be most likely asbent form the board for the next few of days. Not taking the laptop with us ... and, no smart phones either. Plan to disconnect form the modern day communication world for a few days.
Howdy Mike- it's an excerpt from a daily report section of my spreadsheet, preformatted on the spreadsheet so as to look decent on MFO when copied & pasted. That report section also includes columns showing the actual dollar amounts involved as well, but as you know we generally don't post that sort of data here.
FPA Crescent (FPACX), my largest holding, was up and has been quietly splendid this year. Likewise FPA International Value (FPIVX), about which we've written a fair amount.
Curiously, FPA Perennial (FPRAX) and Source Capital (SOR), it's closed-end clone, were down .59% at NAV but SOR's market price was up on the day by 0.64%.
Comments
I'll employ one of General Powell's rules: It ain't as bad as you think...it will look better in morning.
Especially given strong after hours earnings by QCOM, FB, V.
Still somewhat incredulous on today's outcome given home sale surge and strong earnings reported (eg., BA, F, NOC). Maybe Detroit has just spooked everybody. Or, maybe it's because William and Kate named their son George.
And it works! The more I tinker the less I have!
On the flipside, ARIVX was down almost as much as the Russell 2000 index (despite being 60% in cash), and PAUIX is also continuing its dismal 2013 performance.
Following is the present portfolio percentage distribution, showing recent changes as noted
by dates. Cash positions are not shown, but approximate portfolio distribution currently is:
Equity Funds: 15% / Bond Funds: 5% / Cash: 80% • (May not equal 100% due to rounding error.)
-
I had a couple of upward zingers yesterday myself and a few that held their on ... slicking out even ... but, I also had, and ... for the most part ... a good number that were negative.
And ... so it goes ... Looks like today is shaping up to be more of the same from yesterday ... red ... red ... and, even some more, red ... as currently the foreign markets I checked this morning are reporting down and our state side futures are showning a lot of red also. Looks like "cash" ... might be ... "King for the Day."
With this, I have provided a link that you might enjoy ... If you would like to view the colors for yourself.
http://finviz.com/futures.ashx
Enjoy your day ... the best you can ... Thinking of heading to the golf course for the Thursday afternoon scramble and then drive down to the coast, with the wife, for the weekend so I'll be most likely asbent form the board for the next few of days. Not taking the laptop with us ... and, no smart phones either. Plan to disconnect form the modern day communication world for a few days.
Skeeter
Curiously, FPA Perennial (FPRAX) and Source Capital (SOR), it's closed-end clone, were down .59% at NAV but SOR's market price was up on the day by 0.64%.
For what that's worth,
David