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JoJo26
Making tactical asset allocation tilts is not market timing.
Not so ... @Junkster, I started reporting both ways about a year ago. And, more recently reporting only investment returns. Where is it listed or detailed that there is a standard on the forum for performace reporting? Sorry, you are having diff…
Edelman's wrap account (EMAP - Edelman Managed Asset Program®) starts off charging 2% for the first $150K in retail accounts, gradually reducing fees on additional moneys until they reach 1% on amounts in excess of $750K up to $1M. It then charges…
I think it's worth noting that part of why HY spreads are near lows is because of the HY market consisting of higher quality issues than historically. I'm not saying they're not tight, but the indices being more concentrated in higher quality junk j…
I agree w/the comments above. I'll also add, maybe they don't have a ton of disposable money to invest b/c they're paying off student loans?
But they have enough to blow on booze, frappuccinos and eating out 5 times a week...
Best place for long-term investors to have an allocation (especially active position) IMO. Over the longer-term I'd expect a premium over broader (cap-weighted) international exposure and its one of the areas where I believe active management can st…
"I do like this boutique shop, if one can still call it that." - Definitely not a boutique, IMO.
"This administration may be more inclined to choose a replacement, who will not be as cautious in raising short term rates. If that prediction is right…
"If you're "nearly 100%" equities"
@JoJo26: That's not what he said. Read it again: "nearly 100% of my investments in equities". Obviously he does not consider his cash to be "invested"... a perfectly reasonable perspective.
But then the performanc…
As someone in their mid-40s with nearly 100% of my investments in equities, now that it's no longer needed for parental care purposes, I will happily deploy my large cash pile to opportunistically pick up stocks I want to own or add to as they "go o…
Debt ceiling is so arbitrary, not worth really thinking about. It doesn't really mean anything in the grand scheme of things. I hope it does trigger a crash... I'd buy on that 100%.
5y of cashflow in cash would mean a lot of people would never be equity-invested at all, in anything. Has anyone ever advised 'don't invest in the equity markets except with more than 5y of your living expenses'? Maybe they have and I have missed it…
I owe it to myself to maximize the value of my investments, and I don't believe this is a way to do it. Not saying making an impact is a bad thing or not worth considering, I just haven't seen enough proof that these investments truly add value. I d…
There absolutely has been strong evidence for many years:
https://db.com/cr/en/docs/Sustainable_Investing_2012.pdf
This is specifically for the model I'm describing of ranking by ESG factors not exclusionary screens of entire sectors. There is a ton…
There is no strong evidence that supports ESG outperforming. There are research pieces out there that support both traditional investing and ESG investing in terms of performance.
"Such a definition allows for a lot of wiggle room, in particular the vague 'factors in' part. What portfolio manager would say that he doesn’t factor corporate governance into his thinking, for instance?"
ESG, SRI, sustainable investing or whateve…
@Benwp If it came across as I was suggesting you specifically were attacking the fund, I apologize. I was referring to the general disappointment of the top three posts and the suggestion of dumping the fund by year-end. That kind of short-term unde…
Sorry old-timers ( :) and I say that thinking of myself as one), but in today's world @JoJo26 is exactly right. With all the options available, there is no fund in existence I would pay a fee for today. Maybe in the 60s, 70s or even 80s when A-shar…
If you're going to get your panties in a bundle over one year of performance, you shouldn't be investing with active managers. Just go passive and call it a day.
Investment asset diverfication is one thing while manager risk is another. So, the real question might have been ... How many funds do you need to diverisy your manager risk within an asset category? My thinking is three per asset category you cho…
These high-equity recommendations are the industry standard. And what amazes me, is that the equity allocation recommendations seem to deliberately ignore how cheap/expensive equities are. Valuations are not part of their allocation modeling. …
While Jain has a nice track record from is Vontobel days, I'm happy with Seafarer and GP for my 20%+ EM allocation. Don't want to add funds just to add funds.
IMO, the manager's previous success should carry some weight. Yes, past performance is no guarantee of future results, but we all still consider it. Nobody's going to allocate to a manager that has never shown an ability to outperform...
Traders are going to utilize ETFs to speculate on short-term movements of Tech stocks... I don't have any issue with the redemption fee because investors shouldn't be moving in and out of active funds that regularly anyways, but certainly don't cons…
