Not a particular judgement on the funds, but simply matter of not wanting to pay taxes because of all my put income this year. Some of them have indeed stunk up the place, though. In a market they are supposed to excel, they have been found wanting.
Would like to hear from others which funds they gave up on because I don't want to land in those funds without having the full picture.
At this point completely out of these funds
BPRRX, BGRSX (to cut a long story short ...no pun intended)
APPLX (selling each of last 3 years...what the effing F)
GRSPX (meh...)
MDISX, MQIFX (last of the funds I fell in love with the idea of owning, gotten over that the day I sold HSGFX)
All Artisan funds I owned with "value" in the name but looking to buy back (still one I own, see below)
RPHYX, RSIVX, WMCNX (Sorry people, I can do better selling puts)
PRIJX (hoodwinked into the emerging markets value will do well idea, was in my MILs account)
PVFIX (found alternative, see below)
Funds I sold partially and still hold
FMIMX
ARTKX (if I sell it will generate capital gains)
COBYX (my condolence to the manager's family who passed, but really when are you going to turn around?)
Funds looking to sell at least some off to capture tax loss, hard decisions
IVWAX (my bad luck has to be excellent, manager has to leave, and with all that cash still stinks)
VGPMX (not "golden" any more)
VSIAX (bad timing)
WHGIX, FEVAX (not too worried, but since I don't reinvest dividends, have a loss on cost basis)
Moves that paid off
TMSRX (For MILs account)
PVCMX (Mr Cinnamond, you are not allowed to closed and then re-open new fund any more, it's illegal)
VLAAX, VALIX (lucky timing)
ONERX (Jeff Wrona found God. M* says NEGATIVE. F Them. Rock On)
Comments
Great post! Most people only want to talk about their winners, so this longneck's for you, big guy! So,.....to the losers.....
FMIJX: the best part of this fund is the quarterly reports 'cause the fund stinks! GLFOX: I owned this for years. Right now, it sucks. Also sold ROGSX. It's a lagger. It got new PMs......still lags. One I still hold down 10+% right now. FSDAX: will buy more as it falls. Funds I would own again, just not now: FNSTX, GIBLXX, PTIAX, YCGEX, FARMX, RAANX. Moves that paid off. Many on buying the crash......lol. I want another one, please.
God bless
the Pudd
Yeah, it was (FMIJX) a top fund, but no more. Nothing lasts forever, as I always said. Don't love what you own. JOHAX: yes, owned it. Had 1 good year and sold it. America first, big guy! We have the money to support the market. That's where I'm at right now. Winter's coming now and this way something evil walks (i.e., COVID). I want to be here. We're the best. Think......the dollar. As the Dukester and I walk in the morning sun, I think of Ronnie (aka, Ronald Reagan). Back in the day.....it's ok.....we got this.
God bless
the Pudd
MaxFund Screener OAKBX
I've had Fidelity Growth Fund FDGRX in my IRA for quite a few years. It's been a solid fund which really took off earlier in 2020. I just couldn't believe the growth rate was sustainable -- it really became a momentum play -- so I took money off the table in early June. What a dummy!
It wiggled a little, but continued to go up. I did retain some shares in case I want to get back in (it's closed to new investors).
My largest position is Fidelity Select Semiconductors FSELX, also in my IRA. It can be very volatile.
Every time it hits a new peak, I consider cashing in.
Every time it plummets, I wish I had cashed in, but hold on.
It's up 44.5 % for the past 12 months (and 21.2% per year for the past 10 years, which is why it's become my largest position).
Not in 2020 but last year, I bought Acre Focus AKREX because of comments on this board. It has been a solid fund -- thanks, folks.
David
Another fund I had was @Puddnhead FSDAX . I bought it 5 years ago before the last administration took office. It was a pure guess that a focus on Defense and build up would be positive for this fund. I did sell it in late 1999 or early 2020 (I can't recall exactly when). Pudd - are you still in it?
I save a little space to speculate in sector funds or "trending" spaces. In 2021 - I'm in EM + Small Cap + Healthcare as my trending...
21% in Consumer Cycl.
Tech. 17.31
Healthcare 15.32
Industrials 14.45%.
...I'd have figured Healthcare to be on top.
In the old regime before the '08-'09 Crash and prior to Covid, my thinking was that Europe was the "Old World" and was full of "old money," which mostly just sat there, doing... not much of anything. ... But if I'm not mistaken, European gov'ts are putting their markets on a meth-high, just like in the States, and maybe an even stronger dose. Of course, they have the EC to deal with, for member States. And I'm NOT intending anything negative about the EU and how it works. Better than FIGHTING and KILLING in a THIRD World War!
... Years ago, I did some reading about "Red" European bonds and "Blue" European Bonds. I do not think that the EU ITSELF as an entity is issuing any bonds, yet. Which is to say: I don't think there are any "Blue" bonds to buy, yet. Difficult, I suppose, to arrange for such a thing. How would a float like that be funded? In the EU, you have States that are in better health economically than many others....