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.
Two words of caution on chaos theory, especially as it applies to weather. While initially nearly identical inputs can lead to dramatically distinct outcomes, frequently those outcomes rhyme. (One can attribute the much better forecasting of hurrica…
@cman This all makes a lot of sense to me. I'm reassured that you don't see fundamental problems. Your suggested approach is somewhat fundamentally different and I'll have to think about it and how I'd implement it.
At the moment, I'm hoping to kee…
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Craft a careful benchmark to score the success of each portfolio...
Almost finally, and most importantly, take a vacation and relax. You’ve earned it. In fact, since you’ve done such a competent job in your portfolio designs, feel confident …
@jlev, your portfolio strategy looks very odd to me. You seem to be controlling for volatility in the "core" parts by increasing or decreasing diversification rather than by controlling allocation level and beta exposure into a diversified portfolio…
@cman I'm not sure I follow your criticism. I do plan on being somewhat active in controlling allocation. I attempted to follow the allocations for the core following the percentages in the vanguard benchmark.
Could you elaborate?
@JohnChisum I've seen those new malls and am deciding what I think of them on a personal level (of course it matters more what others think for investment purposes). And thank you, thats a good start. My last foray into real estate was with PETDX (r…
@cman "sky is falling fund" Was meant more as a future component when I change my asset allocation. Not something I'm interested in holding except in special circumstances. The Martin Focused Value fund might be one example.
@JohnChisum How do Real…
2. Appreciate if you would explain: "To put impact of high er another way...
.9815^8 =.8614.
Which means the fund charged investors 14% over the past 8 years."
I don't understand this.....greek to me
thanks
The idea is that the expense rat…
@Old_Joe I ask to understand why people think what they do. People oppose when Presidents persecute, secretly monitor or censure their citizenship, and when they enter into armed conflicts under false pretense. This could describe Bush II, FDR, Wils…
Sorry to hear that the managers were being a hassle. It certainly sounds like a very full day. Thank you for all that you do and for the heads up.
Cheers,
Jesse
Depends on size I'd imagine, but its a point well taken. I doubt Fidelity or TRP has quite as small a list as Oakmark states it does (300 or so I think), but even they likely all work off the same combined analyst base. The degree of family risk lik…
The ACA probably will not change that much. People can not have ins and pay the tax, get ill, go to the hospital and then go bankrupt...
Also, assigning bankruptcy solely to health costs might not be telling the whole story...
Valid and good …
@Dex, My concern with your analysis, is that it does not look at the money saved. By no longer having as many people declaring bankruptcies due to medical costs. Also, costs of those unable to pay but still being treated were passed on to other pati…
"Family risk" depends on the family.
Structurally, each fund in a family is independent with a custodian. So, neither the family ownership nor a fund manager can harm across the family directly...
The biggest "family risk" is sudden outflow of mon…
@davidrmoran I've some friends with honest and genuine negative outcomes for individuals (people who didn't want to buy insurance buying it or suffering tax penalties, and many people being forced to get "better" and more expensive plans) Those quot…
Just discovered that when I click on the "Unread" tab new and interesting discussion topic options, like "enhancements" become suddenly visible, though I can't click through, which seems odd since that back end stuff is not normally visible.
Can only tell you what I did, which is look at both and settle on GPROX. Not familiar with the other two. Liked GPROX's broader mandate and small market cap. Also liked that the firm was a specialist in the field and seemed to be a really strong…
Following the recommendation of a number of you aI've been trying to consolidate my personal portfolio down to two basic sleeves (partially due to a split between a 403(b) account and IRA account) with a reduced number (3) of funds each, but I'm str…
There was a monthly commentary looking at long term fund returns citing the top and bottom 3 or so funds from each decade. so that should have a few dozen more for the fund side.
Pondering whether to open a position in EM for the long haul (next 30ish years), been eyeing DREGX. Debating whether the portfolio is big enough for that much specialization and whether the value is good enough to justify it.
@davidrmoran as a somewhat new observer, it seems that that qualifies as this a rite of passage in this forum. You haven't truly become a part until you've been sassed at least once.
Have to say I'm impressed with this Pope @Crash, but I think a (t…
Thank you all for the advice and suggestions so far. I sent an email with questions to both father and advisor and the advisor is waiting for Dad's permission to discuss it with me. This way I'll get answers in writing, but he seemed to think my que…
@msf Here is the wording regarding fees that I see:
"We receive service fees from Fidelity for various custodial support services we provide, which are based upon the amount of NTF funds and total client assets held in custody by Fidelity. When sup…
