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.
Happy Easter Everyone,
Perhaps a better question to solicit feedback is....Are there any income producing funds with an aim towards capital preservation that one could recommend I research further? Perhaps the Intrepid Income fund?
Nothing of late. As mentioned under a previous thread I bought gold miners (GDX) and am quite happy with the results thus far. Added to RP Strategic Income and three direct lending funds (including lending club). Very pleased with the direct len…
Reply to @Ted:
Sorry if you feel my posts add no value. I spend much time on my portfolio and am simply trying to articulate my thoughts to hopefully share what I have learned with others. I will excuse myself from this forum as your behavior i…
Reply to @Ted:
Exactly why it wound be nice to lump all articles together. I got bored since you decided to prematurely end the LC discussion. A disservice to other forum members
Reply to @Investor:
Because the banks have essentially abandoned the non-secured personal loan market. Banks have zero interest in helping consumers get out of the revolving trap – that’s how they make all their money. Here's a real life example:
…
Please keep in mind that LendingClub actually made loans in 2007, so one can analyze their data and see that those portfolios did OK in 2008 and 2009. Investors expecting to make 9% actually made about 1.5% or 2% on those loans. So, unemployment w…
Reply to @finder:
A very good way to get started with investing in LC is using P2P Picks. This is for those not comfortable with their own filtering analysis. For the record I do not use Bryce's service.
https://www.p2p-picks.com
Reply to @Sven:
Unlike a Madoff-like Ponzi scheme p2p lending is a simple concept. People borrow money and pay an origination fee to the p2p lender for that service. Investors lend money and pay a service fee to the p2p lender for that service. Th…
Reply to @Junkster:
The article is correct. LC used to overstate investor returns by not writing down delinquent or past due loans. However this is no longer the case. Before they made this change I used to measure my returns based on a simple …
Reply to @cman:
Thank you for the laugh...It's awfully presumptuous of you to assume my comprehension of LC and its associated risks. Over my investment lifetime I have seen many investments promise high returns or yields, only to learn they are …
Reply to @JoeNoEskimo:
You are absolutely correct. If one intends to invest in LC make sure to be well diversified. I suggest a minimum of 200 loans and ideally target 500. Minimum investment is $25 per loan.
I have been investing in LC (and other P2P funds) for the past 2 years. IMHO, these vehicles offer the best risk reward opportunities in today's environment.
Sold some equities and bought:
1). Added to River Park Strategic Income
2). Added to Osterweis Strategic Income
3). Added to peer to peer lending funds
4). Initiating a position in gold miners via GDX
Be careful out there. This market is frothy.
Reply to @Ted:
My apologies if you take offense to my constructive criticism. Just thought it would best serve the masses to have daily news articles posted separately so one does not have to spend so much time scrolling through discussion topics …
A wise old friend of mine once said "Noble prize winners and academia make the worst investors."
There is no doubt in my mind that there is no absolute "perfect" portfolio. It's up to each of us to find one that we are comfortable with. The bes…
Reply to @Investor:
Investor- appreciate the reply and somewhat agree. You will note that my portfolio does not consist of long-short funds as I do not believe one can consistently time the ups and downs. I'm primarily investing in very risk cons…
Reply to @Ted:
Ted- see my reply to Maurice above. What exactly is a passive investor? I have never met one as someone is always making an active decision. Heck even John Bogle waffles from total bond index to advising one invests in short term…
Reply to @Maurice:
Maurice- Your comments made me laugh. Although not true for all "bogleheads" you are quite correct in that they are rather dogmatic in their views about passive investing.
One element that to date I do not quite understand is…
And yes I agree that if money managers represent the market, then they must underperform as a group due to their fees. In other words they are guaranteed to generate negative alpha as a group. However, a few of the reasons I like the "flexible" mana…
I have spent the better part of my investing life as a promoter of passive investing and disciple of Gene Fama and DFA. While their research is certainly not without merit, I have come over the years to realize that the premise that markets are effi…
Reply to @Investor:
My 401k is invested in 3 funds: total US stock market index, total international index and short term bond index. I totally understand global asset class diversification. How did that fare in 2008? How will it fare during …
Reply to @MaxBialystock:
Hi Max,
Sorry for the confusion. I have updated the post to add the fund symbol for FPA New Income. I'm not allocating anything to Yacktman today as I believe US stocks at a Shiller P/E of 23-24 are too frothy at the momen…
Thanks to all for your comments. I plan to simplify things a bit and post an update soon. However, I used to be your typical "boglehead" index investor however do not believe the current market environment lends itself to such a strategy.
David,
Thank you very much for the Sept commentary and for sharing with your readers. It was very well done. I have been considering a few of the funds mentioned myself and will plan to post an update soon.
Reply to @Old_Joe:
It's obvious you misinterpreted my comments. It simply means Gundlach is smart enough to know that no one can predict the future and that he stays disciplined to his strategy despite all the noise on CNBC. His track record in …
Reply to @BobC:
Bob- I'm puzzled what you have against Gundlach. He exercises risk control with his funds. For a guy so willing to give opinions he doesn't make large changes to his portfolios based on those opinions. One of the things I like abo…
I agree the fees are high but they have a long track record with managed accounts that is quite impressive. Check it out here:
http://sierrainvestment.com/wp-content/uploads/Sierra-Custom-Account-Program.pdf
Reply to @bee:
Stephen Yacktman, Don’s son, has worked with him for 20 years, 10 of which he has been co-manager. Jason Subotky joined as co-manager in 2009, after 8 years with the firm. They are hiring a new analyst later this year as well. Do…
