I had exchanged posts with Mr Snowball on SCMFX. It seemed overrated to me. However, I went against my gut and decided to dip my toes in, since I really couldn't find anyone who had anything bad to say about it. Matter of fact, I think everyone is/was in love with this fund. So I had waited to buy it after a correction. And I did buy a minimal position. I got never got comfortable enough to add to it, and I'm glad I didn't over the past several months.
I have serious doubts this fund outperforms SPMIX over any time period of matter. I'm almost 90% I will fire and forget this fund by EOY. Just wanted to ask if anyone has sold this fund or still keeping the faith.
Now, SEEDX. Yet one more fund that is really not doing anything to differentiate itself. Doesn't seem like its cash position if providing any downside protection and it certainly does not look like outperforming VFINX over any time period of matter. Would like to hear from diehard fans of this fund as well.
Comments
PRPFX = 5 year return rate at 1.1%
Most here understand the market cycle sector benefits or downfalls of this type of fund.
Looking at the composition (below link); one finds gold in various forms, real estate and appears to be long term gov't. bonds; among other.
I'll pick a few simple and readily available choices if one really had their act together at the start of 2016 to look like the smartest one around for many miles. 'Course these may all go into the ground within the next year and cause one to look like a real buy and hold dumbbell, too.
YTD's for the following:
---GDXJ = +135.2%
---GDX = +98.1%
---GLD = +24.2%
---EDV = +24.1%
---IYR = +11.2%
---LQD = +10.4%
Hey, make your own list based upon what you find in PRPFX, but don't forget to sell at the proper time to lock the profits.
PRPFX composition.
@VintageFreak Apologizes for perverting your original questions.
Take care,
Catch
I can't comment to add any value to your original question as I have not studied, followed or invested in the funds you noted in your question.
Regards,
Catch
A quick look at it Vs the RUT showed that over 10 years they were about equal and over 5 years SCMFX underperformed RUT
http://finance.yahoo.com/chart/SCMFX#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
I am generally happy with a fund that I recall you'd held for a while, VF - GAVAX.
One thing I missed regarding SCMFX (how the heck?!) is fund has moved its market cap. To add insult to injury it should have faired better in its new market cap lower in the capitalization spectrum and left toward the value spectrum.
I'm looking at PARMX. Needless to say I will not simply sell SCMFX and but PARMX if I decide to do so, but wait for a correction.
Yes I still own GAVAX but its a different kind of fund. It seems like a good candidate to continuously DCA into - something I've stopped doing since dot com bust. Not that I don't cost average, I just don't do this monthly invest thing regardless of what the market is doing.
The "space" I was referring to is the small/mid value category. In my 401K, I enjoyed dedicated funds within each of these areas and was looking to replicate this in my IRA. Your suggestions are worthy as well.
Regarding FMIMX and TRMCX - they don't hold too much cash. Have to evaluate them differently. SEEDX has never been fully invested. It seems to be trying to lose money "opportunistically" while holding cash. Which is what I want to evaluate, and not just imagine.
So, does anyone know website that charts daily/weekly upside/downside capture? I want to examine how both these funds move compared to their relative indexes. And also make sure I'm not in love with other funds which suck equally.
For instance, SEEDX has obviously bad numbers 1 year for D and U. 3 year they are better for D, but given fund always owns cash, and was even less fully invested at inception, its not surprising both D and U numbers are less than 100%, and even then D is higher than U.
We have to make decisions in the present. Someone will always come along and tell me 3 years after I sell what an idiot I am. Can't make decisions in hindsight and foresight. Important for me to know how fund is doing at present - how is it handling current market conditions. I'm thinking data is out there and someone is capturing it.
>> Monthly, Weekly if possible.
>> We have to make decisions in the present. Someone will always come along and tell me 3 years after I sell what an idiot I am. Can't make decisions in hindsight and foresight. Important for me to know how fund is doing at present - how is it handling current market conditions.
Well, they're not magicians. They take their best shot, like all of us. If you want to daytrade or weektrade, go for it, though it will not do your stomach any favors. There is no present for investing, only decisions based on past, present, and imagined future, all baked into one mess.
Always ignore anyone who tells you you're an idiot unless they are personally significant to you.
Can you not get and/or infer what you need looking at performance vs indexes and competitors for the short terms, 1w/1m/3m/ytd/1y? I spend mucho time on M* with various funds setting the graph counter ($10k growth) for 6w, 12w, ytd, 18m, 30m, etc. etc. I also check every day of a big swing to see how DSENX does compared with PRBLX, DVY, and all the rest, even IJH.
Now SEEDX. It seems to have loaded up on healthcare AFTER its big run up in past years, and this seems to have been its undoing. I might sell part of its position, but that's less likely. What is more likely is I conclude the manager's theory is just wrong (like I correctly did with MUHLX and got out at right time several years back), sell all and never look back.
FWIIMH
Similarly, SPMIX could have been substituted with an ETF portfolio of ~46% IJK, 44% IJJ, 5% FTC, 3% FNX, 3% IVOO, which by Jul 2016 produced a ~2% higher cumulative return with a slightly lower volatility. See goo.gl/2Z3V5Q
SEEDX managers are talking about investing in undervalued parts of the market. I can put that down to manager skill or lack there-of. If managers are skilled, it will pay off
SCMFX manager looks like he is (pretending to be?) an economist. Time will tell. The report is bringing forth visions of Muhlenkamp with his theories that can make someone that has no experience understanding (me at that point) believe he has suddenly become intelligent. Thats dangerous for one's portfolio. I'm glad I sold part of SCMFX already. Such managers regardless of whether they are right or wrong, still underperform the index. If you are so smart, you need to perform better in downturns. Let's see.