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Reply to @scott: Yeah, I think Mr. Redleaf et al seem to have finger on market pulse lately. Shorting bonds and small caps played well today. Suspect their 3Q performance will look pretty good if things keep going way they are.
Also up today was HSTRX, BPLSX, PRPFX, some of which I will attribute to gold.
Usually the unloved sectors are the ones that benefit from days like yesterday, and there was no exception this time. Gold miners, commodities, bullion were the big gainers. Bonds in general gained or were flat or down a teeny bit, with the exception of long-term Treasuries. It's a good reminder of why a widely diversified portfolio is often still the least volatile way to go.
Nothing up for me. My 2 health care funds, PRHSX and RYOIX and my REIT fund, CSRSX were hit the worst.
One fund holding up quite well over the last week is ARIVX (versus it's small cap benchmark)... new I held it for a reason . Maybe the miners bet will finally pay off.
and everything else was much worse, all the way down to GASFX, -2.28%
Since Monday: Portfolio - 1% overall.. not really too bad.
Note: For weekly comparisons I have to run my spreadsheet from Monday to Monday, as we are almost never here on Friday evenings to capture the Friday data. I suppose that I could set up a column to extrapolate the Friday closings from the Monday data, but haven't yet set that up.
16th August, 2013---Friday: UP: TRAMX, MACSX, MAPIX, MSCFX. DOWN: PREMX, DLFNX, SFGIX, MAPOX. No Change: MAINX. (This fund is doing a very good job, I think, of not dropping so far and so fast as other bond funds through the current ongoing downtrend. In fact, there have lately been a great many days in this fund with NO CHANGE.) .......So, on the day: I was DOWN by -0.03%.
For the day my portfolio was down 0.22%. In comparison the Lipper Balanced Index was down 0.20% and the widely followed S&P 500 Index was down 0.33%. I had three funds that were up, three that slicked out and a gaggle that were down.
For the week my portfolio finished the week down 1.17%. In comparison, the Lipper Balanced Index was down 1.37% and the widely followed S&P 500 Index was down 2.10%.
Reply to @Art: I bought those fund after learning M* went negative on them. That was my cue. Those returns you are showing, I haven't suffered them.
As to what I like about them. Nothing. I mean what's to like about that performance? However since I'm not a long time sufferer I am giving him rope. Everyone is right once in their life and When you is more important than what you buy, and his entire net worth is invested in his fund, and 60% of profits go to charity, etc. etc. etc.
The real test of Hussman will come when he is right. He will have to produce INVERSE results. I mean telling everyone for 5 years about Armageddon is ok. However when Armageddon hits and then he still is performing like the market, that's a problem. Since I am a recent entrant into his funds, I continue to DCA and willing to give him time.
FPIVX up .21% - MFLDX up .40% . I Just Purchased WBALX Today, And It Was Flat For The Day, Which I Consider A Positive Sign. To Purchase It I Sold JPVTX Which Was Down - .34% For The Day.
Comments
Also up today was HSTRX, BPLSX, PRPFX, some of which I will attribute to gold.
One fund holding up quite well over the last week is ARIVX (versus it's small cap benchmark)... new I held it for a reason
WAFMX: +0.33% (UP!! )
RPHYX: - 0.1%
ABHIX: -0.32%
AHITX: -0.35%
AIBAX: -0.37%
MFLDX: -0.56%
CWGIX: -0.69%
MAPIX: -0.7%
ARTGX: -0.7%
BUFBX: -0.79%
and everything else was much worse, all the way down to GASFX, -2.28%
Since Monday: Portfolio - 1% overall.. not really too bad.
Note: For weekly comparisons I have to run my spreadsheet from Monday to Monday, as we are almost never here on Friday evenings to capture the Friday data. I suppose that I could set up a column to extrapolate the Friday closings from the Monday data, but haven't yet set that up.
VF,
What is it about the Hussman funds that you like?
Art
ytd 1yr 3yr 5yr
HSGFX -3.36 -5.52 -7.22 -5.65
HSTRX -7.88 -7.49 -0.51 2.48
HSIEX 2.40 2.08 0.55
UP: TRAMX, MACSX, MAPIX, MSCFX.
DOWN: PREMX, DLFNX, SFGIX, MAPOX.
No Change: MAINX. (This fund is doing a very good job, I think, of not dropping so far and so fast as other bond funds through the current ongoing downtrend. In fact, there have lately been a great many days in this fund with NO CHANGE.)
.......So, on the day: I was DOWN by -0.03%.
For the day my portfolio was down 0.22%. In comparison the Lipper Balanced Index was down 0.20% and the widely followed S&P 500 Index was down 0.33%. I had three funds that were up, three that slicked out and a gaggle that were down.
For the week my portfolio finished the week down 1.17%. In comparison, the Lipper Balanced Index was down 1.37% and the widely followed S&P 500 Index was down 2.10%.
And ... so it goes.
As to what I like about them. Nothing. I mean what's to like about that performance? However since I'm not a long time sufferer I am giving him rope. Everyone is right once in their life and When you is more important than what you buy, and his entire net worth is invested in his fund, and 60% of profits go to charity, etc. etc. etc.
The real test of Hussman will come when he is right. He will have to produce INVERSE results. I mean telling everyone for 5 years about Armageddon is ok. However when Armageddon hits and then he still is performing like the market, that's a problem. Since I am a recent entrant into his funds, I continue to DCA and willing to give him time.
OBIOX
FMIMX
FLPSX
MAPIX
GPIOX
GPGOX