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.
My experience has been that the restriction applies to each account, so if I don't own the fund in an account I can't buy it once closed even if I own the fund in another account at the same broker. At the same time, I have asked for exceptions so …
@LewisBraham... luckily I didn't own the fund then but using 2008 as the basis of your comment misses how they dealt with those losses. As Dr. Snowball reported in his 2013 review of the fund, "Indeed, OBIOX in 2013 isn’t even the OBIOX of 2009. D…
The language here is very strange. It reads like this is a hard close except for retirement accounts but it seems to include retail IRAs. It also includes advisor managed accounts but only for rebalancing. Am I reading that incorrectly? Do they …
On the 'Tax' page for a fund M* shows the potential capital gains exposure. In the case of carrying a loss forward I guess it would be negative and in most cases now it's positive.
I'd beg to differ, at least slightly, on a few points. Risk does not matter more in absolute terms. You can eliminate almost all risk and get almost no return and that's not really what matters most. Risk matters when you don't have a long enough…
I'm not confident the style dot means anything. I took sector etfs from a couple different companies and did an instant X-ray based on the sectors the fund currently holds. They all came out large blend and more on the growth side than value. I c…
I have almost 25% of my portfolio and two-thirds of my international exposure in Asia while I'm underweight Japan and the other developed markets, so I completely agree with Matthews on this one. I own the usual suspects as others have mentioned- G…
@bee, I like you're thinking about some insurance policies being better under certain conditions than others. It's not always easy, however, to "predict" how the markets will react regardless of whether we can say now it would be reasonable to expe…
Just over 2 years ago Dr. Snowball opined that "There are three, and only three, great international small cap funds" mutualfundobserver.com/?s=qusox
Two have been mentioned here: GPIOX, which is hard closed but I'd concur that GISOX is about as …
Part of the reason most investors don't do this, I think, is because returns during the summer months are still historically positive even if they're lower than the other 6 months of the year. There are quite a few versions of this strategy that te…
I checked a couple different portfolios and it seems the S&P projected earnings for the next 5 years is consistent at 2.23%. That means if your portfolio is projected to grow earnings at 10.78% then it is 4.83 times what the S&P is expected…
Thanks @catch22 for your work and sharing the results!
@Old_Skeet, I would be interested in how you think about the objectives you have and the fact that an instant X-ray is giving you information that's somewhere between one and three months old. …
GGSYX is one of the only two Grandeur Peak funds still open. It's the global version and GISYX is the international only fund. You won't find any giants here and if you're willing to accept 17.6% exposure to emerging markets then it might be inter…
To the topic of the discussion, I haven't been making many trades recently other than a couple AIPs I have in place for GPEIX and GPMCX, but I am looking for opportunities to reduce my exposure to stocks due to valuations. I'm sitting on my hands a…
@BenWP- Sorry I wasn't criticizing, I was essentially trying to reinforce your point but with a caveat that I wasn't really focusing on last evening. The "quotes" were only meant to reflect they were your words rather than an attempt at sarcasm. T…
You have to admire the performance of GLFOX measured against any global or international fund I admire. I own ARTRX and FMIJX, and like them. The Lazard fund, however, with its small number of seemingly boring companies that run toll roads or build …
"Our good fortune is that we will soon receive a stream of taxable income from a generation skipping trust that, I assume, we have to take."
I'd suggest checking the terms of the trust because the trusts I've been exposed to don't have any requirem…
Thanks @Tony!! IAU issues a 1099 but according to IRS regulations precious metals, which are considered collectibles, are a prohibited transaction for an IRA, except that I believe the IRS has clarified that they don't consider these gold trusts th…
Thanks Ted, it's nice to look at a list like this. I understand the implications for consistent returns but leaving any fund out that didn't manage to beat the S&P during the last year seems like it could miss any number of great funds.
I'm going to be cautious as well. I like Laura Geritz and I hope she succeeds but I'd like to see how their funds come together and how they do before I believe her approach to emerging markets is going to beat Grandeur Peak or Seafarer, or even Ma…
It tells you when you're doing ANALysis not everything that comes out is particularly useful except as fertilizer but you might still win a Nobel Prize because they give those for sh* sometimes. :-)
Aside from that it tells you if you could know w…
My thoughts are that I wouldn't analyze a fund any differently regardless of whether it's sub-advised or not. I want to assess the people who are managing my money and then I have my own criteria in terms of expense ratios, AUM, turnover and so on.…
I think counterparty risk is reduced, not eliminated, because in a bear market or some sort of crisis you'd expect the fund was losing even if it wasn't as bad as the S&P. There is no counterparty risk in that case. Of course there's still a r…
Also, how hard would it be to mimic the formula yourself for less?
It would be hard to duplicate per se because it isn't buying ETFs, it's using derivatives (swaps) to get equivalent equity exposure to buying ETFs, but the use of swaps allows the f…
Thanks, Tony! I don't get the clock face or Past Data link when I create the SharpChart but I found another friend who has an account and could do it for me. Thanks for your help!
Thanks, Tony! I would need to have an account in order to see the link you're talking about. Maybe I'll sign up for a free trial if I can't find another way.
Here's some info from the IRS that doesn't specifically answer the question but would be interesting if you wanted to get all the after-tax contributions out of the IRA and into a Roth while moving whatever gains are there into another pre-tax plan.…
Sorry I'm not an expert but I also have after tax dollar in an IRA together with pre-tax money I rolled over from a previous employer's 401k. My understanding is that the after-tax contributions gives me, and your wife, a "basis" in that IRA. Just…
"? That would make it much more a balanced fund than I was arguing earlier or elsewhere."
Just don't forget that it's leveraged, so the argument against being balanced is that you have all the equity exposure as if you were 100% stocks. You can ar…
MikeM said "But all this talk about this "could" happen to the fund or the fund "could" be susceptible to that... I don't see where that should scare people away."
I agree. The goal wasn't to scare anyone away but rather to learn something about a…
These numbers prove 2 things. One is that the fund is capable of putting up some bad numbers. As wxman123 reminded us there's no such thing as a free lunch. The other is that timing is everything. It looks like that 173% downside capture is almo…
It would be great to know what Primecap sees in Blackberry. At least they have to believe the business is worth more than it's price reflects but it sure has been a long slide. I don't know enough to buy shares for myself but the Primecap guys hav…
@expatsp, it's because they're not actually rotating on a monthly basis. They own swaps which are based on the actual group of four sectors that the index is investing in. Of course those swaps do have a time period associated with them and that m…
@hank, as of the end of January he had 12.7% in below investment grade bonds and 6.3% in unrated bonds. While that clearly doesn't have to mean high yield in every case I guess its a decent estimate and it seems like he's not pushing the envelope i…
>>Again, math denseness on my part probably, but I have been graphing CAPE, DBLTX, and DSEEX since 12/13, and it looks like the bond add (delta) to the last is somehow greater than if you just owned the etn with some fraction of DBLTX. Thought…
>>To do that, they have to make more on their (long term) loans than it costs them (short term rates) to buy index tracking derivatives
The financing rate on their swaps as of December was not identical for every swap but it was between 0.4% …
