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.
Reply to @Mona: Go to the "additional materials" link and click "fact sheet." You'll need a PDF reader.
The active share is listed under "portfolio statistics."
edit: Try here. ARTGX here.
Reply to @equalizer: One of the things I'm curious about with this list is why the WSJ chose the indices for comparison they did. Creates a number which often doesn't jive with what the fund is saying.
ARTGX, for instance, is indexed by the WSJ to…
Like everything else, this all depends on your allocation, portfolio size and goals, yada yada.
I use DODWX as my core "value" fund because my port is relatively small and it allows me to check a lot of bases (including foreign, even EM exposure). …
Reply to @Jim0445: The arguments against survivorship bias as a proof of index superiority are the two glaring mistakes the article makes: first, just because any fund shuts down doesn't mean you lose your money; second just because only 22% of exta…
Reply to @Ted: Ha. @ 17-10 take the yes on Knowshon crying, easy. I'd also go over on the Anthem, but not @ 5-8. Glove color is too random, but @ 11-4 would be willing to take a pass on white.
Couple of articles on Rufus Peabody and what he's betting this year. Peabody is one of maybe 10-15 people in the world who can single-handedly move a line. The money is all in prop bets, not things like spreads or over-unders:
washingtonpost.com/…
The SEC requires fund managers to list ownership stakes in the SAI, which is available either from M* under "filings" or from the fund company themselves.
That being said, funds are only required to list ownership within certain bands, with $1M bei…
Reply to @BobC: Thanks for that.
The Reuters link Ted provided basically makes it sound like a high yield savings account, based on the TSP, that can be later converted into a Roth. If that rollover can happen at anytime, these may be useful. If …
Reply to @cman: Thanks.
If the basic idea is growth for lower income earners to supplement Social Security, are TIPS the the best way to go? As Bogle points out, SS essentially is a long term bond program with inflation adjustment built in. Wou…
“I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you pu…
Curious. How much is held in separate accounts mirroring ARTGX strategy? $1.5B seems, not small, but manageable.
Or is this about valuation and lack of opportunity?
Baseball remains the best value of the big 4 sports. My family and I have four 20 game ticket packages with seats right behind home plate in the third deck. Costs me around $500 a year each: $24 per seat and the Nationals charge an additional 10%…
Reply to @willmatt72: I think people are trying to point out the merits of MAPIX in good faith. You said you wanted a world allocation fund, but you qualified it saying you wanted it both to cover what you saw as holes in your portfolio -- Develope…
I'm really confused by this. Madsen's departure was announced in July and wasn't finalized until October 31. So he has been gone less than 3 months, during which time, MAPIX has closed one position, QBE, and opened nothing new. Even since that an…
what I do feel is that possibly many who come here are wandering about and really need to spend a lot more time, first and foremost, in defining their investing goals, plans, objectives rather than hoping to land those one or two fund choices which …
Reply to @catch22: Fair enough. I've not been here that long myself. I haven't seen a lot of AA discussion during that time. Nor did I really expect it given most of the poster's experience, the specific niche MFO fulfills, and Prof. Snowball's o…
Eh, there is a small but dedicated core group here. I've always been impressed by the varieties of knowledge displayed by them.
Given some of the strength of personalities and opinions involved, it took me sometime to chime in. But generally I th…
In regards to DCAing a lump sum or not, ordinarily @Ted is correct: studies have shown that given a certain amount, lump sum investing that whole amount beats DCAing it about 70+% of the time, if memory serves.
You have to decide your own comfort …
@tp2006: In accumulation phase, asset allocation is 90% of the battle. MFO is great for phase two -- picking funds, particularly risk aware funds -- but @cman is correct, people don't really discuss AA much here. If we got you to step back for a …
Reply to @jlev: I think one of the benefits of global funds is that, at least in theory, they force the manager to streamline their holdings and work as a "best idea" fund. That is what you want from active management and OAKWX is a good example. …
Reply to @jlev: Others may think differently, but I view target date funds as an either or. Either you want to do the asset allocation work, or you want someone to do it for you. If I may ask, what was the thinking behind splitting the two ports t…
Reply to @cman: This is a very good discussion to have not just for @tp2006 but the whole board. It makes explicit the assumptions/biases behind fund suggestions which are usually left unsaid caught up in the specifics of a fund. It seems sometimes …
Reply to @jerry: I don't see that as a problem per se. One reason I like active international management is that the world outside the US is a big place. I prefer a manager to make these calls rather than ending up with 60% of my holding in one pl…
Kind of hard in a vacuum, but I suspect I started a position in DODWX for similar reasons to yours in OAKWX: Grad student with limited income needing a starter fund that works as a catchall. If that's the case, do you need to double up from a sing…
A few questions for cman (and any others interested in AA models): The wealthfront model looks to be designed from Malkiel's work. So it's using broad asset classes for diversification purposes and is assuming all markets are efficient. Assuming …
Reply to @Crash: Apologies. No idea why that didn't work. This is MAPIX since inception on 10/31/06 compared with some other Diversified Asia funds.
Blue is MAPIX: $20419.41
Orange is MPACX: $16876.69
Green is MAPCX: $13738.97
Yellow is USPAX…
I'm willing to take three of four: Denver giving 4.5, and both overs.
In the meantime, I'm going to enjoy the Blackhawks pounding the Bruins yet again.
Reply to @mcmarasco: FWIW, from what I've read about FMIJX, the focus is on large, quality, mostly European and Canadian names, and U.S. firms that do foreign business. Those sorts of firms probably present lower barriers to evaluation than, say, if…
We have a smallish portfolio with a long horizon so I cut down fund positions today from 8 to 6 in order to get more out of my savings:
Gone are MAINX, ARTWX and SFGIX. Proceeds went into starting GPROX and increasing MAPIX to 15% each. SFGIX wi…
Reply to @Crash: Without fair value pricing, foreign mutual funds are subject to arbitrage. Traders will see that the fund's holdings fell yesterday, but that the futures for that market are up (or vice versa). This enables them to buy the fund be…
Reply to @JohnChisum: I walked away yesterday and thought about it all night in order to get some perspective. I think there are two problems, both leading to people leaving the forum.
First, as you suggest, and cman points out, the site design do…
