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.
Thank you @Charles for your summaries! They've been quite interesting and valuable. In Thursday's summary you mentioned O'Shaughnessy's presentation would be about assets vs. alpha and several questions immediately came to mind.
If Leigh Walzer i…
@Paul_Katseff, thanks for the contributions! It appears both articles are pushing IBD's Comp rating so I wondered if you have any statistics about how well those ratings have done over time and in different markets? The articles say one should loo…
I'd concur with JoJo26 on both the Seafarer and Grandeur Peak funds and I too own both. Dr. Snowball has written quite frequently about Mr. Foster so if you go to the Commentary page and search for SFGIX or Andrew Foster I think you'll find plenty …
The question is what's going to stop it? Maybe not all central banks are buying US stocks like the Swiss are, but isn't it conceivable that the Europeans will have to do the same at some point? And what's going to strengthen Europe enough so the S…
"Demand for REIT stocks and REIT exchange-traded funds will likely increase, if only from passive index funds that are linked to the S&P 500. The financial sector will drop to about a 12.7% weighting in the S&P 500 from 15.7%."
I'm not sure…
@Edmond, thanks for your comments and the longer-term graph in your linked article. My asset class correlations were based on https://portfoliovisualizer.com/asset-class-correlations
I completely agree with you that daily correlations don't matter…
That was indeed fun but I'm highly confident the test is flawed :). On the one hand I recognize the "chance" of getting each question right or wrong was never lower than 50% but there were quite a few questions where my "confidence" in getting the …
LLJB - What impresses you about their approach? They seem to fly under the radar, so any info you can provide would be very helpful.
Thanks!
My impression from what I was able to read is that they look at things both bottom up and top down, which I …
@claimui
TD Ameritrade requires 100K for an IRA, the same as Fido, Scottrade, and Schwab.
DRFRX
TD Ameritrade says on their site that minimums may differ from what you see because they just take the info from Morningstar. I checked with customer…
Take a look at DRFRX. Short track record, do have an SMA that goes back a bit farther. Driehaus has a very good process and team. Low assets right now. Nice fit.
The biggest issue with the Driehaus fund is the $250K minimum investment/$100K for …
If not a Frontier fund, she can still join their EM fund, right?
It is a bit underwhelming fund so far based on its performance, and probably needs a good hand, though I am not sure how much she can help.
Sure that would work and if her path is to G…
Has anyone heard anything about where she's going? Any chance the guys at GP were able to pluck her from their former employer?
That's funny! A few years ago I wrote to them and asked if they would consider a frontier markets fund and the response …
This is one of the things I don't completely understand. If someone sells their Sequoia shares and gets loaded with a tax obligation that doesn't relate to their ownership of the fund wouldn't that somehow be a potential problem from a legal point …
@prinx, I'm a fan of Grandeur Peak but their emerging markets fund is hard closed and who knows when it will open again. I think SFGIX is a great fund but if you're looking for alternatives I'd suggest doing some research on DRESX or MEASX to see i…
My take on David's comment and I think one that deserves just as much attention is that M* blew this one badly. They reassured investors about SEQUX just like the Sequoia guys and Bill Ackman assured investors about Valeant. It's not uncommon to s…
@vkt, this and your previous post are an interesting way to look at things. Is it a correct conclusion that since the Yacktman fund had the largest alpha on average, from your previous post, but ended up with an E, that means the fund did so well d…
@catch22, no, you don't have to pay to have a portfolio at M*. The limitations on the number of portfolios and positions within each portfolio are more generous if you pay to subscribe. Some of the details about a portfolio are also limited to pay…
I've been having the same trouble for at least 24 hours and I think longer, but I just saw the following on the website-
"Portfolio Manager is currently experiencing a service disruption. Our team is working to fix the problem as quickly as possibl…
@vkt, if you don't already know about it you might be interested in the following site:
https://portfoliovisualizer.com/
This site has been mentioned here at least the handful of times that I've taken notice and it will do some of what you were ta…
First, I would be turned off by the lead manager. He seems to have a habit of badmouthing. Foolish this and that. But the showstopper would have been the way he tore into Bill Miller in this presentation.
Maybe I missed the point during the call so …
Thanks @Charles this is really interesting and I never knew this was available before. It would be nice if it could be broken down in ways that they don't offer but I was pretty impressed that they'll let you look at it down to the industry level, …
I always worry because Amazon has an incentive to minimize the benefits it pays based on whatever technicalities they employ. I don't have any reason to think that Amazon isn't being as nice as possible with all of this stuff but you'd think they h…
Thanks, but when I use the MFO link Amazon opens in a new window with all of the items already in my shopping basket. I was hoping if I just checkout that MFO gets credit, but if I have to delete the items from the shopping basket and start over I …
Is that the vaunted 39 week simple moving average? It must be similar to selling in April and going away because everyone else is going to sell in May. I'd be really happy to see some higher highs but I have my doubts.
I own the same fund and have been thinking about whether I should sell it or not also. I'm concerned that a lot of people are going to do exactly what you're doing and I'm thinking about, causing remaining shareholders extra cost, potential capital…
I certainly don't think they're being overpaid for what they're doing, but the question is whether they can overcome a 2% drag to deliver results that make it worth investing in global micro cap stocks. I believe they can and I'll be happy that I i…
As I understand it you aren't going to find it at any brokerage... it's only being offered directly from GP. The only exception I'm aware of is if an advisor uses a broker's platform for his business then they'll be able to buy the fund, based on t…
I guess this will be getting some discussion tomorrow- SEQUX's last reported portfolio according to M* had a bit less than 29% of it's portfolio in VRX which is down a small bit less than 28% today. If the remainder of the portfolio is flat today, …
I also called yesterday and the shares are in my account today. I experienced some confusion with setting up the AIP because the first person I talked to said I couldn't do it over the phone but when I called back later they were able to do it.
@claimui, I certainly agree with you the deep value can be very volatile and gut-wrenching and I think that has something to do with why there's a value and a small cap premium. In my case, I think allocating a portion of my portfolio where I can l…
Hi @expatsp,
I thought about this same question on several occasions and I've landed with TDVFX.
The lower expense ratio and smaller asset base were part of that and I also appreciate that David said the Towle family has over 90% of their net wort…
@JoJo26, I requested a very small amount and I have enough cash on hand to fund the additions for a while. I agree with you that I don't expect to end up making a big allocation to a micro cap fund so I'll add to my small request for a while and th…
I had the same experience, they won't take orders over the phone until the 20th. Considering the email said you could place an order anytime I guess they're getting bombarded with calls where they just have to tell people to call next week. That m…
I don't think they're differentiating between an individual that's part of an institutional group and an individual that's not. Based on what they've said I think each "individual" is equally limited. I also think with only $25 million in assets, …
