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.
For a people to succeed, they need to have universal education. It should be free. For our government to be profiting on the backs of students trying to get ahead is unbelievable. Note that these students, by definition, are the poorest, otherwis…
Easy guys.
@MikeM was defending government programs by taking a post to its eventual conclusion.
I am 100% certain from his comment he supports continued Veteran's benefits and would cite the GI Bill as a staggering success.
Given the fact that i…
Late to the topic. I believe that a K-1 does not have to be reported if the investment is held within an IRA.
Depends if the partnership ends up with over $1000 in "Unrelated Business Income". If that happens, them the "Unrelated Business Income Tax…
ducrow, I find their premium membership of value, especially (for me) the premium search tool. BUT, I do not pay for the premium membership. I get it for free thru TROWE PRICE who will pay the fee for you IF you have $100,00 invested with them. I…
@Ted
Shame, shame! I linked this last July (http://www.mutualfundobserver.com/discuss/discussion/comment/43546/#Comment_43546) and maybe another time before that!
(In all seriousness, an excellent video and well worth the watch. The whitepaper …
All good advice here. Especially Bee and Tampabay. If your wealth has reached a self-sustaining level or you aren't afraid of depleting your assets, enjoy it while you can, whether that means spending on you or others. A fee based advisor might b…
The concept "Real Assets" is open to widely differing interpretations by different managers. If a manager rode the real estate bull for the past several years, he's looking pretty good today. If he's been heavily into oil, not so good. It's a broad…
I actually do not want Vanguard or any fund company to be active shareholders. They are in the business of investing.
There's the rub.
Surely Mr. Braham is self interested. But there is a larger more nuanced point. Vanguard is the largest retail …
I'd be interested to hear what he feels are the qualitative differences between PGVFX and other funds in the global value space. Processes, how they evaluate companies, but sell discipline, markets/sectors they look for, etc. ..
So their mobile app updated with correct pricing around the usual time, but I'm still not seeing the updates from 1/5 reflected on the website.
Maybe they're just afraid people can't take the sight of all that red?
@Ted
I'm not sure world allocation is where I'd put NRIAX. I know it's a catchall category, but the fund has a pretty limited universe (and one that has done well recently, hence the percentile rank).
Still, it should be a pretty low vol way to bu…
Thanks. Interesting that now, with international markets off, is when D&C close DODFX. I know inflows have been large over the last year, but I'd think they'd be looking for opportunities in Europe or wherever. And there can't be that large a di…
Compare FGIAX and FREAX to their benchmarks. NRIAX has the same managers, only with a wider universe because of the income mandate.
I like the fund, and have thought about it as a one stop for global diversification through real assets. My cons wou…
Outside of their quant model, looks like they hedge dollar exposure in order to further reduce volatity. That would explain why its returns are beating other global value funds like DODWX and PGVFX over the last few months.
That would make it most …
Am also trying to add to my small and micro-cap. Am particularly fond of WEMMX and BCSIX. May buy IWC (micro-cap ETF) instead.
For what its worth, micro caps are one area it possibly pays to go active. Because of liquidity, issues most passive fu…
Lazard has a real estate income fund, LRIOX, as well. Uses preferreds to mitigate volatility instead, so is a little more volatile than FRIFX, but has a good record nonetheless.
NRIAX (JRI is the closed end version, I believe) combines global real …
Yes but some will attempt to guess the next hot sector by over investing in it. They will probably be wrong as well.
I think therein lies the problem with Callan Table. It's something of an apples to oranges comparison with asset classes that hav…
Trying to out think that chart would be like playing whack a mole.
Isn't trying to out think that chart exactly what value and factor investing attempt to do?
My primary purpose in referencing the Oregon-Florida State game was to introduce the investment reversion-to-the-mean concept in a manner that would attract MFO readership.
From your replies, I succeeded, but not in the way I wanted. You focused …
Until the second-half of the Rose Bowl contest, Florida State had prospered from an unprecedented outlier-like string of comeback victories. No team can tempt defeat so often, and yet emerge with a late rally win in a consistent manner. Luck had t…
@mrdarcey, A lot of questions unanswered as Matthews has not been very transparent in this whole issue. There is supposed to be a report out this month I think and whether there is a better explanation of what happened remains to be seen. If anythi…
So essentially they are saying the distributions from ordinary equities are being used to pay the taxes on REITs and other pass-through income holdings, and that this will continue for the foreseeable future?
Any reason not to move to SIGIX or MACS…
WHO passes out "rights"? I thought Health care (insurance) was a "product" to be purchased? Go into any Emergency room and you will hear/see people who think they have "rights" and they know how to get the care they need, thus the cost of Health car…
@LLJB
So this thread is actually a pretty good example of thoughts on Matthews Asia. Their basic story had always been Asia has 60% of the world's population, and much of that population is moving into the middle class with all that entails. They…
So I went back and looked through some recent Matthews literature. The 2013 4q and annual reports noted their worries about Asian real estate, particularly China and Hong Kong, and said they had started selling because they felt the market was too b…
IIRC, wasn't there discussion on Matthews selling out of certain passthrough real estate holdings MAPIX held some time back (maybe around the time of the manager change)? Something to do with fears over interest rate sensitivity?
If that's the cas…
So, in playing with the CNN site, they seem to be just an ad for SigFig, which does internet asset allocation management.
The tool has some of the stuff you get from M*, and a smattering of other stuff (the geographic breakdown map is cool), but XR…
I know this will open the apples & oranges benchmarking can of worms, but I got my info from the WSJ Quarterly Mutual Fund tables which are created by Lipper. The 3 funds had C and D ratings over the last 3 years. If there are better performance…
"redistribution" - is just a dirty word for people worried that someone might get something they have under some "misconceived" notion they deserve something more that others.
as in "I worked for it", therefore someone else didn't "work for it" .
…
Article missed that PRBLX handily beat all of those funds over that time period (9.64% annual return) with much less volatility (SD = 12.93, Beta to S&P = .78, all of the others averaged around 15-16 and .9, except FRDPX, which came in at 12.98 …
>> Private companies, who, as Accipiter pointed out, used the passage of the ACA to increase premiums.
Question: Is it not also the case that many have used ACA passage (used here meaning were forced) to decrease premiums? I read quite a bi…
Also to remember, there are doctors who graduate at or near the bottom of their class. How to find them? Good luck with that.
Completely anecdotal, but in grad school i lived in a house full of med students. Basically the culture was that anyone w…
I think you are missing the point of these increases. It is not the evil insurance companies jacking up rates. According to Justice Roberts of the US Supreme Court who was the deciding vote (5-4) in upholding Obamacare as being legal, you are being…
