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.
Support MFO
Donate through PayPal
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.
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…
Hank, surely you are not saying reposting links misunderstands basic copyright laws. I am misreading you, right? Ted tonight seems as low-temp as Snow.
BB Aretha also said "Don't you 'Don't get riled now, sugar' me!"
Many use similar bottomup approaches, nominally bottomup, with different emphases on what that means. You have to read closely the quarterly reports or interviews or whatever. Gabelli dives into rather different things from Ahlsten and the Yactks, D…
But why does the photo show the 2004 Cincel? Did you mean 2004? (Have never held a rioja for 20y, did not know that was ever a good idea with not a lot of tannin.)
Chap, you will want to screen (maybe elsewhere) also by manager tenure (longevity); Pinto, I think it is, at Janus Balanced, has been active since only 05 or something like that. (He seems as good as they come, I must add.) In any case, there are ac…
Don't have religion one way or the other about Ted and his work, but there is nothing in that linked thread to give offense, as it reads now. So that leaves us, or me, in the dark.
I thought the whole point with some FoFs was that fees were lowere…
>> agree that YAFFX would be a good candidate to provide consistent returns with downside protection.
But this not quite, or not exactly, what MM was saying, I think.
When I look (just now, rechecking) at the performance of Yackt vs indexe…
Because he is fairly heavily data-driven? I think his whole point is few thoughts of his own, just lots of research. Rightly or wrongly, he is much more empirical than most 'aggregative' columnists.
Saw it, thanks; did not post it, surprisingly weak and vague, nothing like this one. Seemed like false balance or something. Also, most everyone here knows the pro-index args.
All Clements's reasons apply and have applied to me in spades for the last few decades before retirement, and at such low rates in retirement I ain't paying off no mortgage or heloc now. However my tax breaks are approaching zero as my taxes in reti…
I too do it all myself but have family who use broker adviser types and have done well and are very happy with them and the historical performance. Not cfps, not independent, not fiduciary responsibility per se. One is ML and the other is UBS, I thi…
I (not a Vang investor, ever) don't see that an adverse ruling would have any impact on its reputation for integrity and all that luv they get, if the argument is over best practice ... inuring to whose benefit. So they tried to do good and screwed …
No, actually not so much. Study these in full:
http://azizonomics.com/2013/06/01/the-trouble-with-shadowstats/
http://www.pricestats.com/us-series
All of things you mention are taken into account pretty fully.
Incredible that this article does not mention the really superlative JABAX, which since M Pinto took over 9y ago has outperformed in downside protection (the reason you get into these funds in the first place), and otherwise handily matched, FPACX, …
When you are retired and watching things like a hawk (an ignorant hawk, not the same as an owl), you try to be only tempted by such things, no more. As I said earlier, I have one of my children in FLVCX significantly (for her), and at the moment she…
He is 74 in September, not nearing 80. (Why guess when we have the Internet?)
If I had spare moneys I would put some again into CGMFX, hoping for regression to some mean or other :) .
As for methodology and studiability thereof, see:
http://www…
