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This is going to be a one off post to highlight a less discussed aspect of fund selection in Buy decisions.
E.g., at the moment I do not own AGEYX. A fund is a bag of risks (and hopefully, there will be commensurate returns down the road). Whether an investor sources their risk from that fund or some other fund depends on what risks the investor is shopping for. While my portfolio can source some risk from AGEYX, it is not in the portfolio solely because of fund inflows. Looking at MFOP, 90% of its inflows seem to have come this year alone, with 60% in the last 4 months. I do not have the sell discipline required to invest in a fund with such inflows. I have to keep my overall portfolio risk aligned with my personal / behavioral limitations. If I were looking for a buy and hold fund with that bag of risks, I am likely to buy / own AGEYX.
EWS is going nowhere fast. Bought just a few more again today. It may very well turn out to be a dividend producer, more than any sort of growth holding. Non-diversified, concentrated portfolio. Yield = between 3%-4%. I was too late for the huge run-up, already this year.
16 December, '25 EDIT to add: Twice-yearly dividend recorded today, to be paid on 19th December. So, far, the amount is worth about half a tank of gas for me. I'll add, in dribs and drabs.
Bought the 5-yr TIPS on the secondary market CUSIP 91282CPH8; coupon rate of 1.125%; real yield of 1.40% and a price of 98.73. Still considering adding to the 5-yr through the auction on Thursday, but hedged with the secondary mkt.
Comments
E.g., at the moment I do not own AGEYX. A fund is a bag of risks (and hopefully, there will be commensurate returns down the road). Whether an investor sources their risk from that fund or some other fund depends on what risks the investor is shopping for. While my portfolio can source some risk from AGEYX, it is not in the portfolio solely because of fund inflows. Looking at MFOP, 90% of its inflows seem to have come this year alone, with 60% in the last 4 months. I do not have the sell discipline required to invest in a fund with such inflows. I have to keep my overall portfolio risk aligned with my personal / behavioral limitations. If I were looking for a buy and hold fund with that bag of risks, I am likely to buy / own AGEYX.
Order filled for 50 shares CLX @ 101.52
Order filled for 100 shares MDLZ @ $54.28
16 December, '25 EDIT to add: Twice-yearly dividend recorded today, to be paid on 19th December. So, far, the amount is worth about half a tank of gas for me. I'll add, in dribs and drabs.
I am rapidly pressing the button marked "PH" and hoping for a result.
Eyeing ANSC (SPAC) for it's slow but steady return.