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.
When we first became FMI shareholders in 2004 we never invested in FMIOX or later when it became the Broadview fund, but from what I remember AUM were once much higher than the current $290M. I'm sure that is playing a factor in this move. Wonder if…
down -2.82 for the year. Domestic and international small caps were the big drag coupled with our big stake in PRWCX which was up slightly...ever so slightly.
Currently at an overall allocation of 62/38.
@crash
I was expecting a nice gain for PRWCX that day as well and was even in denial for awhile that evening thinking the NAV had not been updated yet. :) Once reality set in I took comfort in knowing how much PRWCX had killed it over the past 12 y…
From a segment on Friday's edition of Nightly Business Report on PBS, guest, Tom Forte, Managing Director of D.A. Davidson estimate of where Amazon Prime's $119.00 yearly fee will go.
34% to Profits, $40.45
21% to Taxes, $25.00
16% to Processing, $…
We subscribed to Prime for the first time in 2017. We liked the free 2 day shipping, but found we basically did not use the video service at all.
We certainly used Amazon more after subscribing to Prime, and may have come out ahead compared to pay…
Thanks for the review link @msf. An example of members helping other members avoid financial missteps. That's why I started this thread to hopefully not only help myself make an informed decision, but others as well.
Beam won't be getting any of o…
Here's a link to the Forbes article. Hard to believe this type of business model will succeed, and they share very little about the business model...all very vague and feel good.
https://www.forbes.com/sites/laurengensler/2017/09/18/high-yield-onl…
We don't happen to use a global allocation fund, but we do use a moderate allocation fund (50 to 70% equity) to do most of the heavy lifting for us at around 60% of our portfolio. Then we use a few other funds to fill in the gaps such as global smal…
@Maurice
My wife and I have 5 different accounts that are linked at TDA and I can easily go from one account to the next and buy & sell without signing in to each account. I access each account easily from the account tab at the top of the page…
"Who was Madoff? Did money beat a path to his door?"
@hank,
Just in case your question was serious, Madoff perpetrated the largest ponzi scheme in U.S. history of around $65 billion which came crashing down during December of 2008 amidst large red…
@PBKCM
With the trend towards passive investing as it is, do you feel a publicly traded investment firm such as T. Rowe Price will be forced to go private eventually given they are not at all interested in competing for passive investors? Our curre…
Wow @Roy - you got an early start! Let me take a wild guess - did you invest in Fidelity Magellan?
I first started investing via mutual funds through Prudential-Bache. I believe the first mutual fund my account executive put me in was Templeton G…
PBKCM,
Welcome to MFO, appreciate your participation and unique perspective. I've been investing in mutual funds since probably 1982 (19 years old).
What all goes into determining position size of an investment in your mutual fund?
Thank you!
Surprised for lack of mention of Parwx. Three year AR 14.5%, SD 11.7, Shape Ratio 1.24, Sortino 2.54. Five year results slightly better.
True. Parnassus is not necessarily a top known fund shop, their socially conscious investment style may be a tu…
I have been a concentrated investor for most of my life. The most funds we have ever held at a time is 8...currently, only 4.
1) PRWCX - 61.7%
2) PONDX - 15.7%
3) GPROX - 15.3%
Normally I think, high PE Ratio funds are associated with high volatility and risk, but POGSX has a PE of 16.83, 2 points less than it's benchmark and 1.5 points less than it's category average according to M*.
My point was not that a particular index mutual fund should outperform the market...I was strictly comparing TRP index mutual funds to their nearest Vanguard counterpart.
The VG index mutual funds have lower expense ratios than their TRP counterpa…
Nearly 2/3 of our investments are in TRP funds. Never owned an index fund either...not saying never, but no one has ever been able to show me a realistic 60/40 allocation of index funds that can stand up to PRWCX, and until that happens...index fund…
Okay, read this article in our local Sunday paper and similar articles in the past...and I tend to agree.
After subtracting our total payroll deductions, mortgage, IRA contributions and a student loan payment, we are left with 46.3% of our gross in…
10 years ago I decided to simplify, for several reasons, by moving our investments from a handful of mutual fund companies and 10 mutual funds to 1 mutual fund company and largely 1 fund, a moderate allocation fund (PRWCX). Very simple and easy to m…
Don't mean this to sound the way it might, but why did they not save for retirement? I mean, what do they say now by way of retrospective analysis? Because they knew they had this sort of security? Needing to spend on kids etc.?
David,
Most of my …
My wife's parents are a perfect example related to this article...they are 87 & 85 years old and never accumulated much of any cash savings during their working lifetimes...I mean none. Her father worked as a teacher until he retired at 65 and w…
A couple of micro cap funds that I have been watching are wamvx and dmcrx which I can get through TDA without fees. All of our small cap exposure was transferred to gprox before it hard closed...so, eventually we will need an alternative to add fund…
Best wishes to all who applied for and received an allocation.
While I was also initially very interested in the fund, I ultimately decided to stay with GPROX which accounts for around 18% of our portfolio; and I did not want to open an account ou…
Shadow,
Interesting article concerning Wasatch. The fund that was profiled (WAIOX) was to be capped at $20 million at inception...today the fund has $462 million in aum, an expense ratio of 2.25%, and is open to new investments.
I am not going to be surprised at all if global micro-cap gets hard closed very quickly at a small asset base...say $100-150 million or so. For those of us who may be interested in the fund, we better have our money ready to go when the fund becomes…
@jlev I see that now that you mention it. But, if you check out the paragraph directly beneath that box you will see information explaining what the beginning expense ratio will be for both investor and institutional share classes through August 31,…
As a regular viewer of NBR I was appalled when I first discovered that CNBC had taken over production of the show and that most all the regular reporters had been let go who I enjoyed very much. While the show has certainly changed, it is not CNBC P…
Added VBINX to the moderate allocation funds I had listed instead of the couch potato portfolio as VBINX equity to fixed income ratio is ~60/40...closer to the other funds listed.
As of 2/13/15, 1 yr, 3 yr, 5 yr, 10 yr returns
VBINX 11.…