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.
@briboe69, they said in the email that the limit was consistent so in theory all you need to find is one person who got less than they asked for and you should know the max. I also think they said they wanted to make sure everyone who expressed int…
@bee, funny! I did do some of that stuff in my younger days but not anymore. In this case if you're not one of the first in the door you just don't get in, sort of like the World Series tickets I spent all night outside trying to get. In that cas…
@TheShadow,
What's the other Global Micro Cap Fund? All the searching I've done on M* and I can't figure it out.
When do you think we'll start seeing allocations? I'm hoping today!
Pudd, even though I'm not headed down the same road you are at the moment I hope our roads will meet again soon. Do you have an expectation for how far healthcare will fall or what it would take for you to start adding again?
May God bless you wit…
I've often wondered about the apparent contradiction between the holistic approach to asset allocation where we would all be advised not to invest too much in our employer because the job itself is a pretty big allocation and our desire to have fund…
It does become a bit of a funny question. Do you want the tiny stuff? Or would you like the tiniest of the tiny stuff?
Based on my understanding of the intent for GPMCX, there will be overlap but not a lot. GPMCX is supposed to be the lead in to…
Hi Puddnhead, thanks for your perspective. It's nice to hear a different point of view about healthcare. I've been adding in the current weakness but I've also rebalanced along the way over the last few years so I was happy for an opportunity to a…
I think they've waived the minimum for Global Micro Cap and they're only offering institutional shares. I read at some point, but not in the announcement about the subscription period that the minimum to get into GPMCX institutional shares would be…
Is there any particular reason to choose ARTGX over something like OAKWX? I have a high regard for Artisan just like I do for Oakmark, but the performance of the two funds is very similar. It seems like Artisan suffers a bit less on the downside b…
@VintageFreak, I'm sorry to tell you GPEOX hard closed roughly a year ago. Only the new Stalwarts funds are open now and the subscription period has started for the Global Micro Cap fund. GPEOX is already down 15% from it's high in May and it's a …
Hi @bee, with the kind of performance POAGX (which I've owned as well for quite a few years) has put up, who needs a "yang". I have grown to view the volatility as nice opportunities to add to my investment. To be fair, I've also rebalanced along …
I prefer the incremental approach to things myself and I also prefer to increase my cash when I feel like the market is getting expensive. The problem for me, and for most people I suspect, is that figuring out when the market is expensive isn't pa…
It is unlikely in the extreme that an investor would be invested in the stock market virtually all the time, but then haplessly trade OUT of the market just prior to a giant up day, only to then re-enter the market --- and then repeat that same erro…
I've been thinking that the market dislikes uncertainty more than almost anything. For quite some time now we've been dealing with a lot of uncertainty about what the Fed will or won't do. I've been wondering whether a Fed hike would actually remo…
Hi @Old_Joe, you didn't specify whether you were talking about for tax purposes or for your own return calculations and that may create a difference. As other have noted, for tax purposes reinvested dividends add to your cost basis because you pay …
I think there's a key factor that isn't talked about but explains a lot of what's going on. When people's investment choices are changing at the same time people's spending habits are changing then this article doesn't make a lot of sense. People …
I have one wild-ass limit order in right now but it's only a wild-ass order because the stock more than doubled after I put in an order 3 cents below the market. That'll teach me!!
@LewisBraham, sorry, I guess I should have structured the sentence differently. I didn't intend to suggest there are lots of public support programs based on luck. I intended to say that if the lottery is losing money, then it becomes a public sup…
@LewisBraham, isn't that just hilarious. These are the wonderful things about how our governments work. They want us to stop smoking but they're dependent on the taxes they collect from cigarettes. They shouldn't really want us to gamble but they…
@LewisBraham, that might be an interesting example if they were related. Without knowing all the details or desiring to research it, I suppose investors should normally require a higher yield on bonds from corporations even at the same credit risk …
I'm sure all of this is covered in the small print that no one ever reads, but this is an outstanding example of why we should reduce government's involvement in business to every extent possible. What a shame for the people who paid for tickets an…
Hi @Vert,
Thanks for the insight from Andrew Foster! There certainly seem to be a good number of "value" emerging markets fund because a lot of them were coming up on the screens I did for low P/E, P/B and such. I'm not sure how that works out on…
Hi @Vert, Brandes seems to have a number of pretty decent funds. I first learned about them and BISMX when reading David's review of QUSOX and they seem to be to have done a good job with the international small cap fare but not quite as well in th…
@msf, here's a recent article from Advisor Perspectives that confirms growth has been outperforming value recently but that value eventually has its turn. Over time based on their comparison of the cheapest 20% of stocks on a book value basis compa…
Hi @bee, I think the P/E for a fund is just the weighted average of the P/E ratios for the holdings in the fund. I tend to assume it's calculated only on the equity portion of the portfolio because that's how they say they do it when I X-ray my por…
Hi @Old_Skeet, I did a screen of all domestic and international equity funds with a P/E below 12, of which there are 122 distinct portfolios. There are exactly 9 that have a prospective P/E less than half of the S&P and 7 of them are emerging/f…
Fair enough, I'm sure there's room to undercut what brokerages currently charge for many things. But I'm pretty sure there's a lot of cost related to compliance that shouldn't go away for Robinhood anymore than for every other brokerage. I didn't …
Hi Old_Skeet,
I think it's a good time to add a little to areas that have been hit harder and I've been adding a bit to energy stocks but the broad market isn't very far off it's peak and I'd prefer to see even more weakness than you would like bef…
@swamprev, was it a retirement account you moved? It seems like a taxable account still wouldn't be able to add unless you had a pre-established automatic investment plan. If I was able to add to a taxable account I would move it for sure.
There's a supplement at the beginning of the prospectus that overrides the paragraphs @Old_Joe highlighted and hard closes the funds, whereas the paragraphs above reference the initial soft close.
The new language is:
Effective as of the close o…
I'm using DXJ for Japan exposure and have been very happy, but I'm betting on the BOJ more than on the Japanese economy or the companies in the fund. I've been thinking about Brazil exposure with EWZ but I'm hoping to make my investment if and/or w…
Hi @bee,
No, I'm definitely not equally weighted. I much prefer to dollar cost average over pretty long periods of time so it can take years in some cases and that can influence the relative size of positions. The Grandeur Peak funds were an exce…
Hi @bee,
Although there are times when I worry a little about David's idea that we're irresistibly drawn to bright shiny objects, which I tend to think of as performance chasing, I try to be cautious with both additions and subtractions from my lis…
I can't add much in terms of how I evaluate funds because the points already made are excellent and cover most of what I pay attention to, but I also like focused funds where I feel pretty confident I'm really getting the manager's best ideas. That…
@Old_Joe, @LewisBraham, that was exactly my point. It's not all one-sided. I also agree that most of even more liberal politicians are not strictly socialists, but some do come closer than others. IMHO, former President Clinton was far less socia…
@LewisBraham, @Old_Joe, Wikipedia (for whatever that's worth) suggests "There are many varieties of socialism and there is no single definition encapsulating all of them." Maybe the meaning isn't so precisely specific as you'd like to believe.
O…
I hold it as well and I'm not unhappy at all. It's a buy and hold fund (14% turnover) with very small AUM for the kinds of companies it's investing in and a great record. At this point I consider a not so good year as an opportunity to add to it r…
