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Mark,
Have you thought about BRK-B as a substitute? You get what is essentially a very diversified closed end fund, with superb management and no fees. Like you I was a very long time FAIRX investor but I made the switch. In the old days BB held …
Mona, RNSIX has a sleeve that invests in income CEFs, which the managers canincrease or decrease as they find CEFs selling for discounts. The other portion of the fund is invested by Gundlach in a core position and more opportunisticly as he finds g…
Until I sold FAIRX a couple of days ago I had owned it for over 10 years. Over the years BB drifted from being a deep value focused manager to a swing for the fences style. When management changes, through style drift or manager turnover, we are fa…
I do think active management can be valuable and has a place. For example FPACX and VWELX have given us market like returns with lower volatility. I also like PAAIX for its equity like returns, lower volatility in times of stress and inflation prot…
I am a long time FAIRX investor and I sold everything today. this is looking like a replay of 2011 when BB was down over 30% in an up market. I held off selling before because of the tax hiT on my gains over the years but finally decided just to ta…
Great question. For what it's worth, it seems sometimes people forget that bear markets can last more than a decade and on an inflation adjusted basis even longer. For example, the NASDAQ is till below it's all time high reached in 2000, even witho…
Thanks for the suggestions. I am going to look I to them for sure. I also thought about VSS but it does not seem indexing will beat active in this area.
Thanks for the suggestions. Both seem like solid offerings with a strong growth bent. I am trying to find a value or blend fund. Growth has had a great run in EM and I am more of a value investor by inclination.
