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.
Also calling him a perma bear is also wrong.
I'd say that's accurate when you look at Hussman as a whole. The media has taken to making villains out of/shouting down anyone who has tried to bring a little reality into the discussion. They did in 2…
I think there are some very good financial planners, but you really have to interview multiple and try to find one you're in sync with in terms of goals, plans, risk tolerance, etc etc.
Of course, the big disadvantage with REITS is that you are investing in the stock market. Whereas one of the main attractions of real estate is getting an alternative asset class to stocks and bonds.
That is true, although I think they're both risk…
The Hodges funds are aggressive. The flagship fund got obliterated in 2008, to the point where I think there were even some articles written about it. It has come back, certainly, but the Hodges funds are not funds I'd recommend for conservative inv…
"OK, someone will say that other things like computers are going down in price......."
It's inflation in what we need, deflation in what we don't. As for the computer part, there's always one of the most amusing hecklers:
"Dudley said said that wh…
For those who don't own any real estate, do you all think REIT mutual funds are a good substitute?
I'll agree with the post above - they are not an apples-to-apples substitute, but I think they are a good, easily accessible (and liquid, whereas o…
"I don't completely understand managed futures, other than it goes long and short various commodities and currencies"
Basically l/s various futures contracts (commodities, currencies, global indexes and bonds or some combination), with decisions on…
Oy. Filler article, plus filler article in a time period where cash buyers are at the highest % in ages (if not ever.)
The one thing that it doesn't mention is that the mortgage cost stays the same. Apartment rental costs have skyrocketed in the l…
Marketwatch recycles the same articles over time. They change the headline to try and fool some but not everyone falls for the filler. For example, how many articles have we all seen touting low cost index funds over active management?
Filler. That…
Meh. It is what it is: I think there's a lot of media outlets these days (Marketwatch comes to mind) where it often feels like they're straining to fill pages day in-day out.
I agree with you that these funds are designed to be trading vehicles. Some (such as some of the VIX products and commodity products) have been mediocre-to-terrible at tracking the underlying for any real length of time.
I have never shorted a position, but my understanding is that you have to "own" the shares you wish to short. So the positive 100,000 shares makes sense. The negative portfolio wt (in this case -5.38%) is the clue that the position is being shorte…
Chambers remains a smaller part of my income portfolio. I continue to like its assets and moderate overseas exposure.
Visa is one of my largest (and favorite) holdings and I'm a little disappointed at the reaction to what I thought was a good quart…
Do any of the airlines pay a div?
Would rather own the rails. Or would rather invest in Boeing than airlines. Some of the airlines have certainly figured out their niche and have done well though. Long-term, I dunno. It's not that people aren't go…
"Timing in and out, trying to own that "perfect" fund and collecting hot funds just doesn't make sense to me anymore. It can be fun as a hobby, but it can be detrimental on returns. Play on the fringe, invest the bulk with a longer term vision. "
W…
Umm, Bee, lack of volatility??? Volatility is typically measured by standard deviation, and CAMAX stdev is almost 3x higher than YACKX, 26 versus 9 over the last 3 years. It does have a winning upside/downside capture ratio, but boy are the ups and …
I did add a couple of things in the last week that fit into the themes like I like and moved a bit more into GAINX, but otherwise I'm just not finding a whole lot of interest. Not selling anything.
Personally, for me, it becomes what do I want to…
Seconding rjbs comments in particular the first paragraph. As noted, active will be more likely to capture sustained moves in something like coffee. To really get moves you're going to have to move between specific etfs but you're going to end up wi…
You'll get a k1 tax form if you go with either etf and most commodity futures etfs in general. Additionally both are effectively index etfs vs some degree of active management for arcnx/arcix. Personally I'd much rather stick with the mutual fund.
FPI is another farmland REIT - FPI - http://seekingalpha.com/article/2291113-farmland-is-the-next-big-thing-in-reits - article also mentions LAND.
You know, I want to like these companies, but I find issues with FPI, such as a significant concentr…
herbalifepyramidscheme.com/webcast/
Thanks. HLF up 25% - I think Ackman did not make enough of a presentation that the company would be shut down tomorrow (in this day and age), but if anyone wants to own HLF after a troubling presentation like that…
I think the issue really becomes in terms of the average investor, one: the concern over overvaluation. Two, the idea that when you invest in something like Gladstone Land (LAND), the idea being that you are investing in the land itself and not part…
Okay, that was EPIC. I didn't intend to watch more than a few minutes of it, but ended up watching probably 2/3rds of a 3 hour long effort from Ackman. Worth watching if they put it online and, honestly, I'll seek it out for the first hour I missed.
Hi Scott!
I bought GASFX as a fracking play in March 2013.....added some more in early summer. It's not what I want since I ran into MLPs. I think they are more the pure play I'm looking for. I do not consider this a core fund but a sector fund a…
For me, it is now time to move on to something else. For those that wish to continue to hold it ... I wish all well.
Old_Skeet
I'm probably one of the biggest supporters on the board of the idea that people should do whatever they believe is best…
During the initial taper tantrum, interest rate sensitive companies dropped quite a bit. That proved to be an excellent buying opportunity for many names. For those who have an investment horizon beyond the short-term, if it happens again (and I wou…
Hmmm. Available in my retirement account. $5M minimum investment. Closed to new investors.
Sorry if I pry, but are you guys such high flyers that you trade in and out of a $5M minimum fund? Or maybe the minimum has not always been that high?
Min…
Given the fund's flexibility - global l/s across multiple asset classes - not concerned about bloat (and M* appears to be unconcerned, as well.) The fund makes macro bets. It has entered a rough patch lately (M*: "MainStay Marketfield's recent strug…
Balanced is good. Contrarian has done very well with the new manager. The Perkins funds are fine. Overseas was hugely successful for a while but has tanked in recent years. Other than that....?
The original (before the fund was bought) shares were MFLDX, which were closed once the fund was bought by Mainstay and remained at the original expense ratio.
I actually added moderately over the last week or so. I haven't been that pleased recently, but continue to like management a great deal. The management letters have always been insightful and enjoyable discussions of the various themes the fund has…
Well, you've got RPHYX, with their lousy 1* rating, yet closed to additional investors, who doesn't really seem to care that M* really has no idea what they are all about. A healthy 20% of our portfolio is with them.
What's with the 1* on that? Odd.…
Scott, you've owned JM for quite a while, I think? I forgot about it until recently, but see it's done pretty well for quite a while and yet is still priced below book (according to M* anyway).
For me, it's a very long-term holding and remains an …
There's not that many great ones. OJ mentioned a number of them. I've been decently pleased with RIMIX although, yes, I know ER is higher than average. I continue to like the conglomerates in Asia, especially Hutchison Whampoa (which just delivered …
Probably a fair amount, enough to cause concern. I think while people here have noted there are other successful Pimco funds/managers, Pimco's real failure was not grooming someone else to take a bit of the spotllight, as Gross (and Pimco Total Retu…
