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.
It'll be interesting to see what they do with it now.
FWIW, Parnassus has a feature for easy lookup of historical holdings. On just a very quick check, looks like Wells first appears this year in May. Last time before that they held it looks like l…
I take it it's Parnassus you mean? I'd call them. It's been a while, but I used to connect easily with a real person there.
Hasn't PRBLX made a habit of WFC's being about the only bank they'd own? Can't remember what that decision was based on - m…
Interesting point that foreign entities are leading. Reminds me that the first things I read about the insurance industry's waking up to climate risk were about Swiss Re's perspective on it, if I'm recalling correctly - that was several years ago.
A couple that don't involve liquidity per se:
* Longer duration is what got whacked in fixed income, and OSTIX is short duration.
* The carnage in the FI cef's I own/follow (which generally live right around the boundary of investment grade and j…
Thanks, Lewis. My interest in this story, and that earlier Vanguard story, is in watching the investment industry's slow awakening to climate risk and how long it's taking to reach the same level of realization as the insurance industry and the Dept…
Apologies if I didn't catch this in TSP's posts, but JG said pointedly that rate risk is a place to dial back; the rate bottom's in, he says, with the failure to breach the earlier T lows. Also:
- Reiterated that 2% on the 10yT may be a buy, but pr…
The recent mini-blip down in the fund must have something? a lot? to do with the yen - it's been sliding, and Gavekal has 39% in apparently* unhedged Japanese stocks.
* Apparently, because the Principal Investment Strategies section of the prospect…
What do any of these (except for DSENX / DSEEX) have that PRBLX does not?
Brings to mind the discussion a couple of years back about MFO's crowning of SMVLX as a "great owl" before it had shown what it does in a market unfavorable for its schtick.
…
I'd think hard about the fund's sector strategy if I were tempted to buy in. Right now, and from memory basically always, Smead invests real money in just three sectors: consumer discretionary, financials, and health. Those sectors' fortunes pretty …
Thanks again for making a habit of posting the Bespoke valuation reports, Ted. It's hard to beat simple & comprehensive like Bespoke does.
The 10c summary: financials lead the U.S. pack, utes & health getting smacked, Brazil's taking a pos…
About SEEDX, I looked into it twice after it was profiled here, but didn't see anything special enough to consider replacing the U.S. funds I usually use - from Parnassus and Jensen. Oakseed returns have been nothing to write home about, and it's no…
Just fyi, QLENX is ntf at Fidelity, but it also has a slightly higher E.R. than QLEIX. You can get either of them at Fido with a $2,500 initial investment in an IRA; the minimums Kevin mentioned are for group retirement plans, according to the "fees…
Now I want a Hamptons t-shirt with the mug design. I think I could afford that ... altho I'm a little worried about the rampant inflation in the t-shirt market.
"Any writer who refers to Scrooge McDuck to make a point has my vote!" @AndyJ- for sure! Even better, though, would be The Beagle Boys, Scrooge's long-time nemesis (nemesi?).
Hey Joe, as a wee lad, I'd check the pharmacy's comic book stand for the …
You know this about perma-inflation Singer, right?
Ah, so he was the one; I was telling someone about the terrible Hamptons r/e inflation the other day and couldn't remember what caricature of a clueless zillionaire had said it.
Good writing, too. …
Yep, it's amazing how much even a partial year's returns can color a fund's overall relative record. I finally got that thru my thick head only in the last couple of years.
Jensen was okay but not great for years, then started a run in Q4 15. The …
Hi Andy - Always nice to hear from you. I haven't been able to find QLENX with a low minimum to invest.
Hi Will, they're both offered for low minimums at Fidelity in IRAs. I don't know about any other brokerages. -- Cheers, Andy J.
* FRIFX, the chicken's way of investing in financial-product real estate -- but I like the look of GFMRX if I ever want to go whole hog.
* A small position in PGRNX as a long-term bet on energy efficiency, renewables, the energy economy transition…
Excellent article. Due to SEC regs, shareholder resolutions typically don't have much in the way of teeth; the resolutions being proposed these days at carbon-intensive firms are all but entirely about financial/investment risk disclosure -- disclos…
Just thought I'd post this link from Morningstar. Probably a damn pay-wall. Let me know, and I'll solve THAT little capitalist plot. ;)
http://news.morningstar.com/articlenet/article.aspx?id=759947
That's an analyst report in the form of a regular a…
Just a quick note, Gary - the reason the 60d rollover got into the conversation is that if you were within the 60 days and hadn't done one in a year, you could simply redeposit the $ you took out of your Roth and call it a rollover, with no conseque…
Interesting, the calculations on default risk. The first one, the one he says is the historical way of looking at it, lines up well with the "sell 4" part of the old "sell at 4, buy at 8" rule of thumb for HY valuation based on spreads to Treasuries…
The 60d rollover rule changed in 2015: it's now one per year, period, no matter how many accounts you own.
For the OP, if you're beyond the 60 days or have already done a rollover within the last year, I'm not familiar with what you can do, but no…
A very good fund on a great run ... it doesn't have many years as high in the pecking order as this one, though, and the trailing P/E has creeped up to ~ 25, so I wouldn't empty the piggy bank at this point. I'm holding the shares I've had for a yea…
I sold underperforming LCV funds and put the proceeds into PONDX, as much for needing some cash next year as for the markets' being high.
You still have DSENX/DSEEX though, right David? I'm thinking I may take a small starter bite on the next mini-c…
Thanks for the news on the PTIAX site, TSP-T; didn't realize they'd spiffed it up.
It took me a while (slow learner sometimes) to figure out that an appropriate combo of Pim Income & Perf Trust Strategic could roughly balance out to neutral ra…
Thanks, J. I thought it might be the difference between price or NAV and total return, and that makes sense. I think the reason you see charts posted like the one in the O.P. is that a lot of the time, the highs and lows somebody wants to compare ar…
Why does nobody seem to me concerned about interest rate risk these days?
The new lows in T's, below the old 2012 lows, should spark a little concern at least. Maybe it's the talk about negative sovereign rates elsewhere leading foreign investors t…
Junkster, the most recent marketing e-mails I've gotten from Pimco are more about investment grade corporates, e.g., the portfolio style of PIGIX (LQD fits in that box too). Of course you can't tell from Pimco (without a phone call) how much junk th…
Of note: Many hedge funds are using EFT's as part of a portfolio. Obviously, some of the hedge funds money flows are large. One may suspect some of the reported flows from Ted's link article are hedge fund related.
I've also seen hedge fund buys &…
