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.
Support MFO
Donate through PayPal
JoJo26
Making tactical asset allocation tilts is not market timing.
P.S. If we slide into a recession and bear market, guess who will receive the blame from the powers that be? (1) Barack Obama and (2) Janet Yellen. Ya can bank on it.
Much deserved
VSCIX will never light the world on fire. It's an index-hugger. But consistent, for many, many years. Nothing here to complain about at all. Small-caps, domestic.
Index hugger? This is literally an index fund.
TCMPX by far. Inefficient space (int'l small cap) so active makes sense and the team is extremely high quality. Not only is this my largest active holding, it is my largest holding altogether (>13%).
@JoJo26: It isn't patting myself on the back. During this conversation he and I have been discussing what amounts to being patient. The comment was for him and he knows my intentions were constructive.
SMH
@districtwanderer his the nail on the head. You need to know why you own everything you do, particularly concentrated/high tracking error strategies like FMI. If you can't tolerate the tracking error, then the strategy is not well-suited for your po…
I definitely understand. It's always tough to stomach that type of underperformance, however, I think one year is much too short of a time horizon to be concerned. If it's not something you can tolerate, you're honestly much better just indexing.
FMI is a very defensive manager. In a go-go market, you should expect the Fund to underperform. Given the concentration, the underperformance in such a market can be amplified.
Makes no sense. And selling entirely from equities with proceeds to treasuries because of their perceived "safety" is myopic. You do what you want, but this approach is straight garbage.
I'm taking a long-term perspective. Staying 100% invested and will remain diversified to aid in the event of a market setback. I'm in it for a the long haul and am not going to try and time anything are utilize specific funds for certain situations.…
I don't get how in the world this happens in today's day and age... Are investors really so oblivious that they'll send a stock soaring because of a name change?
explain your disagreement.
https://www.bloomberg.com/news/articles/2017-10-05/this-is-how-to-create-the-top-emerging-markets-etf
The word "value" doesn't appear once in that article.
It would take a major correction for EMQQ to be considered a "va…
I would not change my stance on passive. I'm almost entirely passive with the exception of some of the more niche areas of the market where I believe active management can add value over time. If I had to go one fund this way I'd just go VT.
Because I'm trying to maximize by return over that time period. And if I'm on an island, I'm making no additional income so wouldn't have any additional capital to add to the fund anyways... Therefore, the hard close doesn't impact me.
If you're go…
I'll echo OldSkeet's mention of American Funds and their conservative approach to things as a core all-in-one fund. I hold several in my taxble account and don't think twice about them. CWGIX, CAIBX are solid alloction funds.
My TIAA 403b is 1…
Thanks @Ted. Interesting story. Reading over PRWCX’s most recent report (June ‘17 I think) Giroux commented that if rates rose much more he’d increase his high quality longer dated bond position - mostly out of concern over equity valuations. He wen…
It's better for them to make the call early. Then, if they're right they will be viewed as having made the right call. If they're wrong, nobody really cares.
