Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
@FD100 -- pretty sure Howard Marks has a very strong track record as an investor; looking at one or two good or bad years / bad calls is kind of silly for evaluating something like market performance.
@a2z - I guess my point was more that traps seem like they can only be evaluated post-hoc; so how do I know what the YTD loss % is to, say, value traps.
Would be interesting to know which sectors the layoffs have occurred in. I suspect Tech has seen a disproportionate share of the bloodbath, but that's mostly based on my sense of headline news.
Oh, darn -- now they have less $$$ to put into customer service.
I've shared back here for some time, I'm gladly paying the extra $0.00135 per $10k (etc.) elsewhere per quarter to get decent customer service. Which is a shame, since Vanguard has s…
In other news, Reuters reporting earlier today that Europe and India signing "mother of all deals" including trade, defense, etc., numerous industries impacted. This after Carney becomes a minor hero at Davos calling for the "middle nations" to uni…
I love references to "TDS", especially when I hear our president obsess over Obama and Biden.
ODS (Obama Derangement Syndrome) is a particular hoot since Obama's been out of office for nearly a decade at this point. It likely drives Trump's Peac…
Canada already having speaks with China, even as Donnie again proclaims himself the master of 47-dimensional chess.
I think this is the year that Europe et al. say "yeah, we don't need America as much as all that" and our hegemonic and economic f…
I'm holding out hope that the spineless GOP is waiting for it to get really ridicilous (no, I mean really, really before they act so that the whole populist fever collapses on its own, and they can swoop in to restore sanity. But, in reality, I'm…
@Sven - I would personally love to do more with Vanguard, but their customer service is absolutely, freaking, ridiculously bad. Charge me the extra .000132% or whatever they pride themselves on trimming back on the ER this quarter, and be easier to…
Rotating small amounts out of US and Global into International in my account. Wife was overweight small cap (conservative, deep value) which is now going into global bonds and all-cap international. Nothing more than 5% moves in either, however. …
Oh, good. And the average daily trading volume will be, what, 2000 Shares?
I understand traditional open end funds are in decline and that boutique ETFs of every stripe are the rage -- but are Oakmark, Tweedy, First Eagle, FPA, etc. all hurting so…
Makes me think of the SNL / Please Don't Destroy skit about hard seltzer. "Everyone's got their own seltzer now, JC Penny, Jiffy Lube, Exxon, Verizon....".
Oddly, D&C reportedly just added a skootch of international stocks to DODBX to help stabilize returns. Looks like a "skootch" is 15-20%. M* did something on the changes at DODBX a while ago, IIRC.
@hank, @Sven -- my wife is a former long-time TWEBX investor. The fund used to have good downside protection, in spite of the fee. That advantage has evaporated. Tweedy now joins hte legions of fund companies of all stripes rushing to either kick…
I like OEFs because it's easier to reinvest fractional shares. I also like the point @hank made about not being tempted to jump in and out of a position when the market does what it does.
Hey, @all -- I confused RiverNorth with RiverPark (I thought it was RiverPark that was moving an OEF to an ETF; the bloom seems to be off R/N and much of R/P for some time now after "Mitch" blew up the R/P Long/Short Opportunity Fund);
Editoring c…
These ETF conversions don't make sense to me. Are these (low volume) products supposed to be something asset management firms double-dip on? You pay for the trade, as well as the management fee, or etc? Are they cheaper to manage / service than an…
Not for nothing, but I have a neighbor, nice family, male head of household works in finance. They bought their home a hear or two before my wife and I. Listed their home several months ago for way above market. The thing has sat for quite some t…
Long-term investor with Oakmark here (OAKIX, OAKWX, OAKEX, and sometimes OAKBX). I am still with Oakmark, though I don't know why. They really seemed to have lost a lot of their mojo over the past 5+ years. I saw it first with OAKBX; OAKEX has lo…
