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maybe he'll write a put or a call against it, or whatever the hell it's called, when you do that. He is known to "juice" returns a bit by doing just that.
I think golub1 is correct. The only way to get there is to build your own. But it sure would be nice to have 1 well managed international balanced/allocation fund doing the work for you.
Still unbelievable to me that a 60:40 balanced type fund using international equity and international bonds exclusively doesn't exist. Seems like that would be something easy for Vanguard to market using their index funds. Would it ever match PRWCX? Oh I doubt it, unless that cloning Giroux thing hank mentioned pans out.
A few very good world or global funds mentioned in this thread seem to be the closest thing available.
Vanguard does offer the Global Wellington fund. The fund invests in international equities and international bonds. Its allocation is approximately 65% stocks / 35% bonds.
Edit: You were referencing international balanced funds but I provided a global fund. My mistake!
Amazon tied me to a trial 30 day membership to {prime} after a recent purchase. I don't remember requesting the trial . Took a bit of work to end 30 day trial !! No one button to push to end membership. Sorry about interrupting this thread.
To say “Over 10 years, it leads DODBX by only 1.5%” annualized and assume that is a small amount I would suspect misunderstands the power of compounding. But I haven’t done the math in this case.
I'm fairly certain the difference between a 13.01% annualized return and a 11.50% one over ten years is more than 14.4% cumulatively, more like 40 percentage points if this is correct: https://investor.gov/financial-tools-calculators/calculators/compound-interest-calculator I think it is the difference between a 239% cumulative return and a 197% cumulative one from the base investment, although I'm tired and my math could be off.
The ten year numbers are also the difference between a 197% cumulative return and a 240% one. Both calculations are correct, just a difference in perspective, one cumulatively from the initial investment, and one the percentage of difference—14.4%—between the end investment numbers. For a $10,000 investment, it would be the difference between a $34,000 end investment after ten years and a $29,700 one. The more money you invest, the worse those differences seem.
If one could reliably predict that variance (1.51%) 10 years in advance (as in the case of fixed rate mortgages) I’d be moved.
But I don’t know how to forecast that far out. I find the two funds’ returns over a full decade remarkably similar considering all the unknowns that exist over that long a period. I’ll continue to hedge my bets by holding both in roughly equal amounts. Should those past numbers hold into the future, I’ll see a difference (loss) of roughy $2,150 over the next decade for every $10,000 invested. Averaged out over 10 years that’s approximately $215 per year or 60-cents a day on a combined $10,000 investment - the added cost of spreading out risk.
Great number crunching from everyone. The visual from @Observant1 is very impressive.
Afraid I couldn’t even name the current manager of DODBX today. (Low in celebrity status). Am aware that fund may soon be undergoing some revision by D&C.
Reason people cannot remember DODBX "manager" is that there are 17 people listed - a crowd. I think that only the oversight of this crowd of 17 is changing, not the people themselves. FWIW, I can remember dozens of my user IDs and passwords - all in my head, not written down anywhere, but I cannot remember that many people. http://financials.morningstar.com/fund/management.html?t=DODBX®ion=usa&culture=en-US
Yes it does. We had a dice and cards baseball league senior year in high school, and the 1977 Twins , led by MVP Rod Carew, were my team in that league.
Derf-no I didn't win the league;one of my best friends did, by making a number of one-sided trades. He had the Texas Rangers-traded Jim Sundberg for Bruce Sutter and somehow got Mike Schmidt from the Phillies owner ! bee-We played the Play Ball game which didn't have two-sided cards for lefty-righty factor, nor did it have a defensive range factor like Strat-o-matic did. There's a big difference between having a 1 shortstop vs a 3 or 4 !
Comments
He is known to "juice" returns a bit by doing just that.
The fund invests in international equities and international bonds.
Its allocation is approximately 65% stocks / 35% bonds.
Edit: You were referencing international balanced funds but I provided a global fund.
My mistake!
Didn't enjoy that ride, Derf
Over 10 years, it leads DODBX by only 1.5%. The gap has been narrowing for a year or more. And DODBX did slightly better today.
10 year performance from Lipper as of yesterday:
PRWCX +13.01%
DODBX +11.50%
Not to trash PRWCX (I own it). Just don’t believe in hero (or fund) worship.
9.87% vs 7.43%.
For 15-yr, (1.0987/1.0743)^15 = 1.4006, or 40.06% difference in final value.
------------------------------------
PRWCX__12.92%_CAGR
DODBX__11.48%_CAGR
13.64% difference in final balance
Link
David Giroux start date: 06/30/2006
Jul. 2006 - Jan. 2022
------------------------------------
PRWCX__10.35%_CAGR
DODBX___7.88%_CAGR
42.31% difference in final balance
Link
For 15-yr, $100 becomes $293.01 and $410.38 (by Investor. gov), respectively. So, that is +$117.37 extra for initial $100, and +40.06% over $293.01.
“We’re #2. So we try harder!”
In another year after DODBX has pulled ahead for 10 years, please run those numbers again.
But I don’t know how to forecast that far out. I find the two funds’ returns over a full decade remarkably similar considering all the unknowns that exist over that long a period. I’ll continue to hedge my bets by holding both in roughly equal amounts. Should those past numbers hold into the future, I’ll see a difference (loss) of roughy $2,150 over the next decade for every $10,000 invested. Averaged out over 10 years that’s approximately $215 per year or 60-cents a day on a combined $10,000 investment - the added cost of spreading out risk.
Great number crunching from everyone. The visual from @Observant1 is very impressive.
Afraid I couldn’t even name the current manager of DODBX today. (Low in celebrity status). Am aware that fund may soon be undergoing some revision by D&C.
http://financials.morningstar.com/fund/management.html?t=DODBX®ion=usa&culture=en-US
Are you – Nobody – too?
How dreary – to be – Somebody!
How public – like a Frog –
To tell one's name – the livelong day –
To an admiring Bog
- Emily Dickinson
Still available for purchase:
https://strat-o-matic.com/product/1977-baseball-game/