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.
GQEPX was down almost 5% in 2025 because they sold tech and bought defensive stocks like ATT and Verizon.
CIO Rajiv Jain and his team wrote that they were "wary of late-cycle credit and tech valuations." They believed that the economy was late in …
Dow Theory gave a buy signal on Jan 6 when Transport index closed above 17,754.
SP500 is also above its 200 day moving average, so we have two buy signals that have a good record for big downside protection. Will hold on making any big changes.
It would be ill-advised to expect anything but subservience from SCOTUS. Let's get that inflation roaring!
Media was all caught up with Gorsach’s tough questions in the first hour but they missed his final few minutes where he bailed out the flai…
Letting the tariffs stick would ipso facto be an acceptance of the "National Emergency" The Orange Large One declared right out of the gate--- when there was and is--- no emergency. How about THAT question?
They will either completely ignore that q…
I’m predicting a win for tariffs, even though it is prima facia losing case.
Jonathan Adler States that when a statute is ambiguous in the realm of foreign policy and national security, the Supreme Court typically applies a "strong deference" to t…
I would be cautious with "one manger" shops like Pinnacle, whose performance rests on just one brain, unless it is in an IRA where you have no tax consequences to sell.
Yes, maybe Oberweis Small-Cap Opportunities Fund OBSOX would be better since …
Seems unnecessarily complex, and very expensive. If you held this mix in a $1m portfolio, you would be paying at least $10,390 in fees each and every year (or more if portfolio grows). But if that is the price you wish to pay to SWAN, so be it.
The…
Does hind sight & fore sight come into play here?
MRFOX, SGOVX, PRPFX, and PVFIX have consistent management style for at least 15 years. JAAA is only 5 years old, but seems like a solid risk/reward choice.
The others are hindsight plays.
I wouldn't put them in my IRA. But if they help you sleep at night I guess they're working for you.
Why?
Only MRFOX and SGOVX are tax friendly, the others should be in tax sheltered funds because they are not tax efficient.
Some high active share funds
90%+
Note on Data: Performance is based on data available as of late 2025. "Active Share" data is typically reported quarterly.
| Fund Name | Ticker | 5-Year Return (Ann.) | 10-Year Return (Ann.) | Sharpe Ratio (5-Yr) …
"Capitol Hill Kids"
“I’ve been to the Washington zoo
Filled with the reds and blues
Wearing their Savile Row suits
They don’t give a freak about anything
Running up that debt 'cause they cannot lose.
You go to fundraising, fundraising
You go to fu…
I just won top ranking in 15 year ranking list from Hulbert Market Timing. I sold some stocks in April 2000 and April 2025. Oh, I won the worst market timer award.
My return was 8%, against 15% from SP500. Could be driving a Ferrari in many colo…
Warren always said he wants businesses that could be run by a mediocre person or dummy, if you will. Think very high moat or addictive- railroads, insurance, See’s Candies, Dairy Queen, and Duracell. Even a dummy like me couldn’t screw those compa…
Listened to Bloomberg Balance of Power show when they had on Cornell Law Professor. He said Alito and Thomas vote will vote in favor of tariffs - no discussion needed. Kavanaugh asked questions and made comments that he was 100% in favor of tariff…
Top 10% of residents in US own 87-93% of total stock market. That’s why top 10% control 50% of consumer spending. The stock market is irrelevant to over 80% of residents. They are more worried about rent and beef prices.
On CNBC a few weeks ago he mentioned that today is like Oct 1999, and everyone is “partying like it 1999”. “Remember, Nasdaq went up 88% from Oct 1999 to Mar 2000.”
Here, he is saying that we may have a dip in next few weeks and then may have a …
Yes! On Monday 1/3 of the cash goes to Crypto and 1/3 to Private Equity and 1/3 to private credit. I hate being looked down on by smart rich people like FD1000. I wanna be a smart rich person too.
Joe,
You can only be rich or smart.
At least most …
Wonder what aspect of DFA’s case that overcame the earlier SEC’s objection on Vanguard’s case?
Maybe the SEC took away Milton’s Swingline stapler and The “Disapproved” stamp.
A little too much research for M* article, but then you see it was written by a CFA. I’m going to fail the quiz on whether this article sufficiently demonstrates that whole JEPI gang is in for disappointment.
In 2014 Supreme Court case Riley v. California, Justices Scalia and his brothers asked why an individual would need to carry multiple phones, implying it was indicative of criminal activity. These geniuses who have limited understanding of American…
Of course, HOSIX will not repeat last year performance.
I traded APDPX less than 90 days and didn't pay the 2% fee at Schwab.
Most of these funds have $49.95 TF. Do you have to pay or do you have special tier account?
APDPX has high cash portfolio (30%+), but also high risk African debt, Peruvian and Uzbekistani debt in local currency. One wrong word from a country and currency drops 2%. It has Iraqi debt, probably in USD, with oil as collateral?
Seems like t…
These websites are using dynamic pages and blocking tools, so best to use a financial data API. You sign up for a free (or paid) key, and they provide you with structured, easy-to-parse data in a format like JSON.
Here is one example from
Alpha Va…
I think Gemini picks are better, except I would replace Baron fund with PRPFX
Fidelity Contrafund - FCNTX
T. Rowe Price Global Tech (PRGTX)
Harding Loevner Intl Equity (HLMNX)
T. Rowe Price Health Sci (PRHSX)
Permanent Portfolio Fund PRPFX
Asked Bing AI for top 5 picks
Ticker Fund Name 5 Yr 10 Yr 15 Yr 20 Yr
FCNTX Fidelity Contrafund 14.6% 15.8% 13.2% 9.1%
FBGRX Fidelity Blue Chip Growth Fund 17.8% 18.0% 14.9% 10.7%
PRPFX Permanent Portfolio Fund 4.3% 5.9% 6.6% 5.3%
AGTHX American F…
I asked Gemini for 5 picks for Roth for next 20 years and got this
This table shows the average annual return for each fund over various time periods.
| Mutual Fund (Ticker) | 5-Year Return | 10-Year Return | 15-Year Return | 20-Year Return |
|---|…
msf,
If you have the same after-tax starting value at $78K, then
a percentage-based tax is a linear operator. It doesn't matter if you double the money first and then apply the tax, or apply the tax and then double the money.
This equivalence on…
SGENX is the Class A share of the First Eagle Global Fund, which started out as SoGen International Fund.
SGIIX represents the Class I (Institutional) shares of the same fund.
I remember in mid 90s a Mutual Funds Magazine with Jean-Marie Eveillar…
The "cause" alleged is having "'falsified bank documents and property records' in an effort to gain more favorable loan terms and lower interest rates."
https://www.nytimes.com/2025/08/22/us/politics/trump-lisa-cook-fed-mortgage-fraud.html
Gosh tha…
