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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
Truer now than a year ago:
http://www.salon.com/2013/08/05/3_biggest_lies_why_corporate_taxes_should_be_lowered_partner/
Interesting point about Canadian gov acting in national interest too:
http://www.washingtonpost.com/posteverything/wp/2014/08…
Thanks; amazing graph. I knew things had been bad for that index, but did not realize how much so, wow. Notable to me also is how far down FAGIX is; I used to happily own a lot of it, but traded out as I grew more conservative and approaching my 60s.
Roger all
>> I'm sure the best funds will do fine
Let us hope so. I am actually a little nervous some days with big wads in PDI and PONDX, though they do just chug along.
>> manager is explicitly preparing for a rising rate environment
? Surely this applies to PONDX, PDI and all the other Pimco fancy-schmancy vehicles, FSICX, DODIX, FTBFX, the new Gundlach, the old Gundlach, etc., don't you think?
Not crazy at all, to the contrary. I just looked at summer 08 to fall 12, tough time, and it did better overall than MAPOX, GLRBX, FPACX and OAKBX, to name four of the very best actively managed balanced funds (not 40/60, no less). Much better than …
In 35y I have never had conservative well thought-out plan (maybe cuz I ever had one?) be preferable to all-in. Unless you need the money soon, forget it, just do it and don't look back. Looking back causes all the heartache.
Other? MAPOX, maybe OAKBX depending, FPACX, one of the two Yackts if you can get into them. Typo above in Tillinghast (1989). Also in VWELX unless you really go back to 1929.
I was not able to have the patience with DODBX, alas.
What was the net? In other words, is it better to index and do worse but pay lower tax? I look at tax like expenses, totally worth it if the manager does well over time.
Okay, forget 08-09. I just charted way way too big / 'what, are you nuts' FCNTX and way way too-volatile-for-anyone FLVCX against SP500 for 5/3/1y.
And since I am fundamentally too impatient to invest in mfunds in the first place, I also checked 3…
>> experience a childhood where you actually, you know, had to go to the library to do homework instead of using Wikipedia.
That was great, and wikipedia can be extremely weak (at best, sometimes), but my young-adult kids are way better-infor…
Gah, have we not been over this many times? Think about it unaggregated. Chart GABEX, AMANX, PRBLX, YACKX, and FLPSX against SP500 from August 08 to August 2012. All different outfits and approaches. Pay attention to dip depth and then time to recov…
I love Sears, always have. Have bought lots of things there over the decades. Tried tonight to do so again, nice item on terrific sale. Used my Sears card to get an extra few bucks off, beyond free shipping. Card is not expired. But it has been canc…
Guys, exhale; what Gary was chiefly asking for, seems to me, was substantiation of assertions. No need for all-caps about thought police, change in PoA-HC, and dictionary references to pride.
Don't see what's insolent or arrogant about it, but also don't see that any of it needs saying, really. People are profoundly stupid, and worse, resistant? People misunderstand data, can't grasp stats, yada?
For sure.
The web is a big ball of im…
That comparison seems no less sensible than the starting comparison question of Sequoia or Bruce.
Your second para, which I completely agree with about any capable manager, seems to me totally at odds with your 'pay lots of attention and avoid bear…
>> Many are concerned that they might lose their jobs to cost-cutting, or that they might eventually be replaced by a computer or robot or website. Such anxiety might push them to try to make up for these potential shortfalls by investing in s…
Would be nice if he sorted/excluded/ranked also by manager, since at least some of these are not the same people for that timespan (magellan, e.g.). Danoff and the Primecap crowd, oh yeah. (And Danoff has often said his lead hero is Heebner, bwahaha…
Yes, since 8/08 it is all good and outdone only the closed Yackts x 2.
I did look at my favorite key stress test period, summer 08 to summer 11. It and Gabelli and Parnassus and Amana and TWEIX are all overlay-identical, almost, although GABEX, wh…
Lukemon, so this is chiefly a capital-appreciation goal and finding the extremely solid and proven manager? Still can't really make out what your plan is. Why not put most everything into FLVCX and Soviero? If a smoother ride, half into GABEX and ha…
Looking back to the current management inception, ~1998, it is impressive but hardly the leader. Even with its low-risk M* rating. GABEX, AMANX, PRBLX, YACKX, and FCNTX all outperform SEQUX, a couple of them considerably. Some of them have almost as…
Lukem, take a step back and a deep breath and explain here what your goal and thinking are. Obvs you did not ask about shifting to PONDX or GABSX or PKW or AOM, to name some very different goals. Okay. So what are you trying to do? Chase total retur…
>> For what interest it holds, I held my position throughout and added monthly. Chip reports similar behavior.
It holds considerable interest, I suggest, as it sets you apart from most other investors on earth, including in this forum. 40% p…
uh and omg ... ! Click the 10y tab and see if you could've possibly hung in.
DS is being, well, generous, or something; from this graph, it looks rather more like ~6y to get back to zero. So it depends on what his 'disastrous' means.
https://www.…
Can we please do a permanent and sitewide delinking of D C A so as not to mislead newbies toward the particular Virtus CEF?? Or have on every page, or at the front, a reminder/mandate to do it with spaces, or dca ... anything other than this mislead…
Sectors or other countries apart, so confused about what they're saying in general. SP500 grew to 19k since '99. Contrafund, the lowest on their list, to 34k. Matthew 25 to 37k. Was there an article to contextualize this misleading graphic? Ted, hel…
I dislike articles like this, when the current manager goes back only to 1998.
It's a famously great fund, sure, but since summer '98 it has been significantly outperformed by FCNTX, GABEX, AMANX, PRBLX, and YACKX / YAFFX, although it's rated to ha…
Bee, thanks, but no load/fee through ML (I never buy anything with a load or fee).
Don't ever pay attention to ER if performance makes up for it. I had to change Yackt funds at Fido, I think it was, because they strangely changed the fee.
This has very little to do with Vanguard, in any way. The nature of the REIT market. The fund is almost matched by its index (now, that's impressive), but beaten slightly by FRESX, significantly by FREAX, and pounded by CGMRX. I myself am in FREAX i…
I am back in the fair-use days, preweb. As a sometimes professional writer I do think it important, as everyone converges, not to copy whole cloth and especially so when paywalled, to give effusive credit, to post the links, to counter with substant…
