Which is to say, my August commentary is up, with an archive link.
The old Books page is now an Amazon store. We'll be grafting in your original book recommendations bit and bit, and happy to hear more.
Chip and Accipter say they're getting close on The Falcon's Eye and have put in a huge number of hours on it.
Special thanks to Catch22 who's been doing good work in flagging the spammers; I croaked four on the morning of August 1st alone and Chip has been catching them regularly while I was traveling to/from a somber service back east.
Comments
"From inception in late 2008 to July 2011, WAGOX turned a $10,000 investment into $23,500 while an investment in its average peer would have led to a $17,000 portfolio. Put another way, WAGOX earned $13,500 or 92% more than its average peer managed."
Unless I'm missing something, the math seems to be off?
WAGOX added $13,500 to the value of your original investment.
The average global fund added $7,000 to the value of your original investment.
By my (admitted shaky) counting, $13,500 is 92% more than $7000, so I described the difference as 92%. I can still change the phrasing if you think there's a clearer way to say it.
As ever,
David
If WAGOX turned $10,000 into $23,500 and its avg peer returned only $17,000 --- then that is a $6,500 difference "more than its average peer managed."
The $13,500 gain is based on your original $10,000 investment, but the gain over its average peer managed is only $6,500.
Took a position in this unusual fund after being introduced here,
NAV continues to be extremely stable while (theoretically) avoiding
most interest rate risk and credit risk. Practice may vary from theory,
see triple-A securitizations eventuating in half the global debt issuance
being riskless AAA followed by misplaced shirts. Global debt issuance is
again over half riskless triple-A, sovereign. To avoid misplacement a strait-jacket
that buckles in the back and keeps hands off keyboard is recommended.
http://seekingalpha.com/article/279674-the-horrifying-aaa-debt-issuance-chart
http://www.pimco.com/EN/Insights/Pages/Kings-of-the-Wild-Frontier.aspx
RiverNorth Doubleline Strategic Inc (RNSIX) continues to do well with both
yield and probably from the closed end fund sleeve, gains.
Are you going to make the FA fund profiles available or integrated via Funds page? While reading your comments on ARIVX, I wanted to check what you had written for WSCVX and I could not find the old fund profiles by going through main pages of your side and I had to use Google to locate ( which is at: http://www.mutualfundobserver.com/archive/walth01.htm).
I wish you could make them available easier.
If there are other profiles that folks would like to see, I'll try to update them (not a full rewrite, but corrections on assets, expenses, performance and so on) and make the visible.
The older profiles require only a couple simple edits to fix the embedded links. Otherwise, they are looking good enough.
Even without edits, if you first simply link the fund profiles to your fund page, they would be acceptable and we can update them in small batches. Right now, they are kind of orphaned which is not good.
Finally, I can volunteer to make the edits so embedded links are not broken. You can zip them up and I can provide you updated ones back as another zip file.
I don't understand what the sticking points were that made the Grandeur Peak folks go off on their own. They wanted a little more freedom and a little lower ER. If the "break" was as amicable as it was made to seem, I would think Wasatch would have just allowed them to do that? Any insight?
Thanks,
BY