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.
I had only 2 that beat the S&P500 this year:
Janus Contrarian JSVAX +17.32%
Bridgeway Aggressive Growth + 14.99%
Now, having dutifully answered the question at hand, I have 2 related questions:
1. Why did the big Vanilla Indexes do so well in…
9:40pm ET
Portfolio Manager has not updated from Thursday's close. One Example FAIRX shows a YTD loss of 3.67% vs. 2.30 on the fund page.
Couldn't someone from M* just post something here? Anything???
And as long as we're registering complaints…
Instead of starting a new thread, I'll just note here that the biggest mutual fund beneficiary of this (speaking of TODAY only) is Ariel Fund ARGFX. My calculator says it will pick up about 1.4% today on Janus alone. Should gain 2.5% or more on the…
Just got out my calculator and did a quick, rough estimate of FAIRX's expected performance today. Came up with (0.22%). Easily consistent with the actual performance of (.19%)
Looks like there is no reason to believe there have been any major chang…
Well, as usual, I just shot my mouth off without worrying too much about the actual numbers, so when I looked into it, I was happy to see that I was correct.
Quality means different things to different people of course. To me, the paramoun…
Thanks for the thoughtful responses. Another factor I thought of is that many actively managed funds try to focus on higher quality names, and this year's market has been one in which low quality has outperformed.
Thanks Ted,
So relieved! That chart had me almost as worried as I was about the Y2K computer bug, and even more than all this angst I'm experiencing over global warming.
Your Friend,
Dryflower
and this inter-office e-mail discussion board thread will go from kumbaya to a vegetarian food fight in a NY minute.:)
My son told me there is a mathematical law: as a discussion on the internet continues in time, the probability of the Nazis be…
Like all processed food, those veggie burgers are not the best, especially if what you really wanted was a hamburger. But, you know, eat what you want.
Here's a great easy recipe my carnivorous daughter said was so good she would eat it on purpose:…
I'm sorry but I don't understand the beef. They put money in they took money out. What has class got anything to do with it?
This one might fall under the category of "If you have to ask you'll never know."
Nevertheless I will try to explain as bes…
Clicking the "like" button on this one.
That's how I won at tennis -- and why my losing opponent always walked of the court fully convinced that he had lost to a lousy tennis player.
I really don't like the way the announcement has been handled. It's all happy-happy....joy-joy. And no mention of Ian Lapey.
Will they be photo-shopping him out of the old pictures next?
So it looks like Ian Lapey is out as lead portfolio manager of third avenue value fund.
Something is wrong here. I own TAVFX, and my kneejerk reaction is simply to sell it. It's in an IRA so there are no tax considerations. This is a big, big de…
Just taking a poll here: How many of us knew the meaning of the word "tendentious"? I know lots of words, but I had to look up that one. (My highly educated wife didn't know it either.)
At the end of the interview, just before Consuelo abruptly cuts him off, Charlie points out that there is an unexpected phenomenon in that larger cap stocks are exhibiting a higher "internal rate of return" or "cap rate" than smaller stocks.
What d…
@hank Mr Giroux still puts his pants on every morning one leg at a time - last I heard.
What exactly have you heard about this, from whom, and how old is the information?
As the long term results of the two are separated by about half a percentage point annualized, one could almost say better returns because of a much cheaper price.
Because of its eclectic composition, FPACX may hold up better when something dre…
@MFO Members: With all due respect to Steve Romick, I would never pay a fund manager 1.14% ER to hold 46 cents of every dollar I invested in cash.
Regards,
Ted
I would! (and do).
If that's the position you're gonna take, Ted, you are taking from t…
@cman, Thanks. Great answer.
So is it the unorthodox consensus around here that in fact it is not all that difficult to choose funds that will, on average, beat a relevant index over time going forward?
That is what I seem to believe, what seems t…
A very important article. If the conclusions are the article are incorrect, how are they incorrect? If they are correct, why do we invest in active funds?
Have not used them, but interested in their fundamental index funds (e.g. FNDB) after watching Consuelo Mack's interview with Rob Arnott on the current episode of Wealth Track.
When I first saw this topic heading, I immediately assumed it was an April Fools spoof -- and not a very convincing one at that.
I should never have doubted you, Ted.
Roughly how much would you be investing? If it's hundreds of thousand to millions you might increase your tax bill by a few thousand which in that case wouldn't be that much to you anyway.
Let's say you want to invest $50,000. You would end up …
How long before they have Dreifus managing 3 or 4 or 5 funds?
I certainly hope this will not happen. RYSEX and RSEMX are the only 2 Royce funds in which I have any interest (and RYSEX is the only one in which I have any money).
According to…
I heard an interview with BB King on NPR once. He explained why he started playing blues instead of gospel. He said that when he played gospel on the street, people would come by and tell him thanks, and that they really enjoyed it, but they didn't …
I'm not positive, but I think there is a final subjective call on which metal to assign to a fund if any. Just because a fund scores 5 positives on the five pillars doesn't automatically earn it a gold.
I'd be surprised if M* deliberately w…
You know, death may or may not trigger some taxes, and depending on how one's account is registered, there may be a need to retitle the account or move the assets.
But actually, death will have no affect on the performance of one's mutual funds…
I'm pondering the idea that now might be a perfect time to start dollar cost averaging into an emerging markets fund. Safest thought I have there is EEMV.
If I were to start a new position in a domestic equity fund I think I would go with MPGFX.
B…
