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
PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
Hi Clem,
Interesting question, but perhaps not for the reasons you might imagine.
In short, yes...I would initiate a position in FAIRX. However, you need to know that this is one of my largest holdings so I am a bit biased.
Due to the concentrati…
I'm with Scott... women in yoga pants are to be encouraged. The recent controversy about those same pants being too sheer, well.
About Chipotle...it's pretty simple. I love hard shell tacos. It's either Chipotle or Taco Bell.
Easy choice. Good ingr…
I guess I'm just a curmudgeon. I would much rather browse with my wireless mouse than to scan with a touch screen pc...perhaps because I don't have experience with doing this.
I am also shopping for a new PC...and I tend to buy a high-performance r…
The Democrats will need to cough something up such that Boehner doesn't look like a complete idiot for holding the economy hostage for no reason. Though of course, the Democrats also cannot reward the opposition party for hostage taking.
Not really…
I'm usually pretty immune to political machinations as a reason to take action in re-allocating my accounts away from a general 60/30/10 ratio.
I'm thinking this time may be different.
I see disturbing comments from some indicating that a shut-dow…
Reply to @Old_Joe: OJ...you don't need to be "political" to be able to profit from political decisions. You simply need to separate partisan political opinion from political facts.
As a specific example...more folks will have health insurance cover…
Reply to @JohnChisum:
Just curious...what do you mean by "government take-over"?
Not sure how fluent you are with the provisions of the ACA, but all of the carriers who will be providing plans within the state exchanges are non-governmental compa…
I am about ready to poke my eyes out with a pencil the next time I read the false narrative of the "government take-over of healthcare".
Aside from that....I am long healthcare in the form of large positions in POAGX, VGHCX and VHCOX...along with s…
When M* gets around to evaluating this, they should add an extra "*" just for the name.
That's a clear winner. If only they could squeeze "Strategic" in there somewhere.
David,
I pay a modest amount for M* premium membership, and an additional fee for their Dividend Investor newsletter. I derive value from both.
Frankly, I have gotten as much value from your website as either of these items I had previously mentio…
"Don't Get Sucked in by Fairholme Fund's Great Long-Term Record"...right, don't get fooled by a profitable long-term deep value investment strategy.
Per Mr. Goldberg:
"Brains count for a lot. You need to be an independent thinker to be a good in…
About a year ago, I put a pretty healthy slug into PAUDX. I really do believe that a go-anywhere type fund (with a good-sized bond sleeve) is a good bet. The recent market gyrations cast a telling glance towards funds who merit consideration in this…
Over the years, I have concluded that my most defensive yet profitable pure equity fund is VGHCX. Big, lumbering pharma is a keeper. It's one of the places people go when they're nervous.
Perhaps I wasn't clear Ted as I agree with you...I would not lighten up on pull-backs, as that is when I tend to add to equity holdings during a general up-market trend. I will lighten up when the fund flows indicate folks are piling into equities. …
I firmly believe the market will be higher by year-end, and also 1 year from now. However, I also firmly believe there will be several pull-backs along the way. When folks start piling into equities is when I will start to lighten up.
A good read:
…
Skeeter...I may have missed how you define FI vs hybrid income. At first glance, I would have assumed NEFZX would fall into the hybrid category given their almost 20% allocation to equities. Not that I disagree at all with that holding.
Your post i…
Reply to @bee: At first blush, I was dismayed when learning of this expansion. Giving it more thought, I'm less concerned.
It appears that Global Reach is the full palette of companies covered with a positive outlook, with Global Opportunities bein…
I found Mr. Ely's comments to be a weak description of the issue, and points to a rather lackluster effort at reporting by Andrew Osterland .
From the Fairholme website:
“Fannie Mae and Freddie Mac are rapidly repaying the Government,” said Bruce …
Yes, I did buy into the selling pressure.
I was anticipating a pullback of 5+%, and now the only question is how much further the retrenchment will drag the averages.
I'm trying to figure out how the end of month, end of quarter datelines will imp…
Today's action really pointed to a recent post by Barry Ritholtz, specifically focusing on "taking yourself out of the minute-to-minute, day-to-day time frame and rethinking your investing parameters in terms of years and decades."
http://www.ritho…
I'm seriously conflicted.
At one point I held MACSX and MAPIX, then dropped MAPIX for SFGIX. I have a long term position in MAPTX. I am also in GPGOX. And...happy as a clam with all of them and my decisions.
With Matthews and Grandeur Peak introdu…
Of my 35% slug of fixed income are OSTIX, PTRAX, LSBRX, PONDX, OIBYX, TGINX, BERIX, and MAINX.
Now, if you are familiar with the bucketing model, I also have a separate sleeve of funds for which I am accumulating 5 years worth of expense dollars in…
Charles...OK, I'll be the first to raise my hand. You've posted charts in this thread and on others, with data which looks to have some key metrics and historical data. I need some help with the column headings in regards to descriptions and basic d…
Bee...I use a similar strategy, though with the same objectives in mind.
A few key differences. I take more than a 10% haircut, I take 20%. My portfolio metrics make this rather easy as I set an arbitrary ceiling...$50K in my case...and I trim to 4…
Hi folks,
I wanted to recap this thread the best I can. First of all, thanks to all for the contributions. For some odd reason, I thought the number of holdings extending beyond 10 years would be slight....what in God's name was I thinking?
Listed…
Reply to @Art:
Art...as with you, PCVAX is a 401K choice, which I've held for about 7 years. Planning retirement and a shift of 401K to an IRA, I find that the PCVAX performance is not to be sneezed at....frankly, I am flummoxed as to what to repl…
Reply to @Ted: and you have to be just ridiculously happy about that. In looking at the returns since 2003, that fund had one negative year, with a 15% annualized return over that period. It will be interesting to see what happens over the next few …
Two of my longest held positions have positions in this space...VGHCX and VHCOX. I held both for just over 10 years. Plugging a $25k minimum into a fund at the time seemed pretty madcap, but was one of my best moves ever.
Come to think of it, that …
One of my favorite funds. While certainly not sitting on a concentrated portfolio (over 110 holdings), they certainly have conviction in the healthcare and tech spaces, with almost 70% of the fund in these areas...and much of that in fledgling firms…
Coffee....cream.
Art, I was flummoxed as well for a bit since the timing is a bit odd. I do absolutely love my Vanguard Health Care, but the distributions can sting a bit.
What I'm currently doing varies by account:
401K:
-new money is going into PIFZX. As I'm looking to retire within 2 years, this falls within "bucket 1" within that concept. The equity funds in the 401K get a 20% haircut when they hit a pre-defined…
Reply to @Art:
When I retire and transfer the 401K to my IRA rollover (hopefully soon), I would really like to figure out a way to drag the PCVAX holding with me...I am really fond of this, and am having a hard time figuring out a replacement.
I …
Hi Art....your top 3 are interesting, as I hold all 3 in a 401K.
Your question asked about a top 3 in a retirement account...while I have separate 401K, IRA rollover and then after-tax accounts, I view them ALL as retirement accounts.
As such, my …
