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rjb112
Well thanks for all your great instruction and telling me about it.
If I had spare moneys I would put some again into CGMFX, hoping for regression to some mean or other :) .
That is not a bad idea at all.
Heebner is super smart. It would not surprise me if he had a regression to the mean. I would not count him …
You made a great move in moving it all to CGMFX in 1997.
Yeah, he is famously nerdy and studious. Probably one of the most studious managers out there. Fully committed to investing. He has few other interests in life, and rarely takes a vacation.…
davidmoran, M* lists the 15-year return of CGMFX as 14.52%. The fund inception date was Sept. 3, 1997. You "bailed a couple years ago", so if you got in at inception, you were in very roughly 15 years. An initial investment of $5,000 compounds to…
BEE -
Help me understand..
What do the numbers for Pro Shares ie - -5.38 100,000 100,000 - - -
represent in your post?
Or where can I find your reference??
Thanks
Gary
Not Bee, but you can find his reference on Morningstar.com in the port…
Avert your eyes. That's how (the only way) I turned $5k in this fund into $165k over the decades. And I bailed a couple years ago only cuz I was (forcibly) entering retirement.
Congratulations. Also, you had to have added new monies to that origin…
"Over the past 10 years through May 30, Morningstar’s gold-rated diversified U.S. stock funds (previously called analyst picks) on average returned 8.1% annualized, an average of 0.3 percentage point per year ahead of Standard & Poor’s 500-stock…
I hold ARCIX and plan to replace it with a broad-based commodity ETF. I am looking at USCI and GCC.
Are there any other broad-based commodity ETFs that you would suggest instead? I am not looking at commodity stock funds but commodity funds and a…
"CGM Focus Fund is for investors who believe that a smart manager can beat the market by picking stocks"
"I've never found a manager or a fund that consistently beats the market, although many certainly try."
"Back in 2009, Morningstar's Christin…
Meanwhile, I am subscribing to a newsletter (Chartist) for 10% of the total investment just to gain access to another datapoint.
Note that there is the Chartist Mutual Fund newsletter and the regular Chartist newsletter, which is an individual stock…
For almost total safety, I like Lord Abbett Short Duration Bond Fund, or Frost Total Return.
Regards,
Ted
Would you pay the Loads, or do you have a way to bypass that?
Always good to know of lowest risk alternatives to MM funds given current interest rate environment. Good to know options for spreading manager risk for such holdings.
A lot of credit risk here.
I bet you could schedule a meeting with HR, your wife, and you.....and address the questions. Request the "benefits person" of HR to be the one who meets with you.
"They refuse to talk to me. It's my wife's account"
If you do a three way call, with your wife on the line, then they'll probably talk with you, with her giving them the permission to do so.
What's with the 1* on that? Odd. Fund would appear to be doing what it set out to do just fine.
I'm not familiar with the fund, but I am familiar with the M* star ratings and M* Analyst ratings, which are two entirely different things:
The M* st…
Catch22's comment made me think, do you have a privacy feature on your browser turned on? Not sure what Explorer calls it.
I.E. calls it InPrivate browsing
More of the same, this time from Henry Blogdet:
There's going to be no end to these articles........until there will actually be the inevitable bear market, and then they will all say they were right.......
http://finance.yahoo.com/news/two-signs-…
@Old_Joe: Net equity would start over every time you roll the account over, IMOA. Derf
The only thing I could find on the internet was IMAO, not IMOA !
Yeah, that sucks when managers don't own their own fund. Zero dollars........ahh.
And that fund lost the co-manager, who came over with her from Mutual Series. That's a surprise. I expected it to be a career move for both of them.
Not a stupid question at all. I had to go to their website and look at a few of their other 7-Year Forecasts. I'm almost certain it's annualized return.....not the cumulative return over 7 years. But remember, these are real returns, so add infla…
Of all the stupid regulations...managers should be made to disclose EXACT amount of their holdings and NOT ranges.
Agree completely.
The Longleaf Partners Funds has a policy that does not allow employees to have outside investments. The portfoli…
According to M*, Healthcare facilities REITS are undervalued by 16%, and the market has made a mistake.
According to the market, Healthcare facilities REITS are valued correctly, and M* has made a mistake in its valuation assessment.
Who will be p…
Just watched this. Interesting. Talk about contrarian investing! He puts forth an intelligent case for investing in China, nuclear power, clean water in China, gold, commodities. He points out that China has an economy growing 3x faster than our…
If M* has assessed these stocks as being 16% undervalued in aggregate, what was the sample size? How many healthcare REITS does Morningstar analyze? I'm guessing that M* determines a price to fair value for each healthcare REIT it analyzes, and th…
I guess one thought about Permanent Portfolio is whether or not delegating aspects of the permanent portfolio to other managers would be a better idea - gold/silver by investing in CEF instead, for example. I dunno. I think you could create an inter…
M* says: "Cynk Technology Corp has yet to commence principle planned operations; It has commenced only minimal operations and has not generated revenues."
However, M* needs to know that the correct spelling is principal, not principle
@Junkster: regarding, "Is there anything wrong with drawing down *some* principal in retirement if necessary?"......"Some might say enjoy the $1,687,500 pursuing our passions in retirement because we earned it. And not to fret endlessly about preser…
@bee: you might find this article interesting.
http://news.morningstar.com/articlenet/article.aspx?id=630083
here's a snippet: "In the camp of factoring Social Security benefits into one's asset allocation plan is Vanguard founder Jack Bogle. When …
Well, yeah, maybe, but who says that you have to put all of your bond allocation in that one fund? You can spread out your sector allocations any way that you want to (as Skeet, with some 52 funds, would be the first to tell you). I'm less than im…
@Charles: thanks for your take on this with individual stocks.
For someone not purchasing individual stocks, but taking an approach with stock index funds or exchange traded funds, how would you let the Shiller CAPE ratio influence your investing d…
