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.
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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.
Reply to @bilvihur:
Jinxed, you would be well rid of them, I'd say. It has been 11 days since your initial post. And a long time since March. (Ha, meant to add I have my own revocable trusts with Fido including easy etf w/ BoA and among other Fido…
Reply to @bilvihur:
Wow to their atypical incompetence, troubling, but wow to your 'I'm not going to hold' impatience. How do you deal in the real world, doctors, mechanics, clerks, everyone else, where incompetence is hardly uncommon? Sounds like …
Whatever. In Tillinghast's hands the $10 turns into like $57, in Dodson/Ahlsten's hands ~$37, and in Yacktman's hands $49. In Heebner's hands ~$79, not that most can stand those plunges. There are others. (The first three are comparatively steady, u…
OMG, how did this valentine PR piece get published? Just run his performance against (you may know my faves by now) FLPSX, PRBLX, YACKX .... Oh, and do note his threes in M* and Lipper. Bwahahaha. What a racket, to get an NYT writeup. Wonder whom he…
I strongly recommend also studying the comment thread, darwinian, midhenry and the authors, as it is much more sophisticated and nuanced (and spirited) than the usual retirement investing guff, or indeed than many of our discussions here. Scholarly …
Suggest lowercasing dca so as not to have it parsed as the CEF.
Bought, on friends' suggestions, DVAX, ACHN, COG, REXX, also some FHLC and PKW, anticipating a bit of December meltup.
Reply to @Charles: Well, this is most interesting, and thanks for bearing with repeats of your method and criteria. I would suggest perhaps thinking further about recency and period span, among other things. Look for example at the 08-09 dip perform…
Reply to @Charles:
k; I erred in using SWCGX when not honored.
>> signifies relative risk within the category. So, in this case, it says GLRBX is riskier than SWCGX. The assessment uses standard deviation during last 3 years.
Hmm and huh.…
Reply to @Charles: Yes, okay, as I thought, and I see the benefits of going back only 5 years, rather than 5.5 or 6. From your honors one might conclude that D&C and Weitz had more downside protection than Parnassus or the Yacktmans; after all, …
Again useful, informative, droll, and more.
The Owl honor roll pdf is highly troubling to me. Any such listing whose criteria somehow leave off JABAX, GLRBX, various Intrepid funds including ICMBX, GABSX, FLPSX, all Yacktman products, PRBLX, while …
What a weak, autobiographical review, by someone who starts out talking specifically about what a BS is and is not, or trying to anyway, but then goes on to use it over and over to mean anything --- anything --- that is simply a surprise.
A seemingly reasonable question, but as always, fire the manager based on the broadest and highest and longest overview you can muster, not just his or her longterm performance but your needs and wishes. We pay these guys to make these decisions. I …
Reply to @PRESSmUP:
It's not liquid (badump).
Anyone can buy serious futures, say of bordeaux (I have done this many times, modest chateaux), and within 5-9 years or whatever they will be worth much more than what you paid. But then what, if not…
Reply to @bnath001: Nath, see my peptalk elsewhere about AMANX and see if that kind of advisory is of help to you in your trials. Trust your manager and your own decision. If you cannot, really cannot, do something else.
You know, a fund is not a stock. Say that twice or thrice. You must trust the manager to be savvy about the ups and downs (and Kaiser sure has been). You must trust his reading of the market. This is not your decision to make, so to speak. 'Bubble m…
Gah, I am sick of this subject and all of the dogma surrounding it. Maybe MFO (meaning DS) and Waggoner can join forces to nuance this and put it in usable (actionable) language. **Of course it is predictive, how can it not be?** Of course it is cha…
I am in GABSX and about to add WEMMX; neither gets mentioned on MFO so far as I know. The incomplete researches I have done on the former (comparing with PENNX and any given Fido smallcap, for example), it invariably does as well or better and with …
Reply to @MJG: Good summary, thanks. The content seemed mostly to go without saying, since it was with Forbes, not so much for the 'general investing public'. I'm no hardcore Boglehead, as you can tell from my mentioning Joel 'Ted Williams' Tillingh…
Reply to @Ted:
Jeez, touchy. Who's preaching to you? (And did someone appoint you unanswerable or uncommentable because of your helpful aggregation labors here?)
>> Your data mining with other funds will not work with me.
Spoken like a tru…
Reply to @Ted: Who said otherwise? It looks great, but greater than it arguably is, because it's just escaped that bad window period. Do the math, check the graphs, rather than attempting to contradict something illusory. You of all analytic types h…
Ha, very good --- nothing like recency bias and going from 6y to 5y charting, and having the 5y turn golden in appearance.
No wonder articles like this one appear.
It's doing well since Nov 08. Not so much for the spring and summer of 08. For in…
Reply to @MJG:
>> will make each of us a better investor.
How so? The chief takeaway from this 2-1/2-year-old interview, seems to me, for the group here (if I can generalize about such a thing) is to not change funds so damn much. When you h…
Reply to @hank:
PRWCX is a perfectly fine fund, but if you are (still) shopping, compare its 6y chart with GLRBX, JABAX, FPACX, MAPOX, and ICMBX (my fave in the bunch, from MFO). It had a nontrivially larger dip in 09 (which is why I chose 6y) with…
Many modern brokers and advisers are very savvy, poised, articulate, well-trained, and undefensive. I know this from family and friend experience. Some even do pro bono work of this sort to promote good vibe and their brand --- lasting, as you say. …
Reply to @David_Snowball: If you do write about this, be sure to include Rekenthaler's 'bear trap' latest, sort of in the same or similar vein (clever about new risk including career risk :) )
Reply to @clemg64: >> So is he gambling at his point or is he a clever genius that knows exactly what he's doing and has the guts to do what others won't?
If you set up such a false choice there can be no thoughtful answer. Of course he is ga…
Reply to @Kenster1_GlobalValue:
Not sure (meaning cannot tell) what point you are making. I was trying to compliment the expensive Romick and tease all those (chiefly M*, but others too) who have whined about FLPSX size since forever. I can't follo…
Reply to @bnath001: That is a great fund, of course, but why not just dca into AMANX some more? Maybe some BERIX too. Nothing is safe in the sense of the word you and others desire, but AMANX is awfully good and prudent. There are others: PRBLX, FLP…
Lord, this is weak stuff. I like many think the market above CAPE 25 +/- may well be due for a drop, soon, later, whatever, and it may be because of these tenuous reasons, or other arrows from the horizon, so to speak, or a purple swan, or whatever.…
