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.
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JoJo26
Making tactical asset allocation tilts is not market timing.
"I can just buy Fidelity® Select Technology Portfolio (FSPTX) with ER=0.72%. And I don't need to wait 3 years to get ER=50%"
That's true. WIth FSPTX you'll need to wait forever to get an ER of 0.50%.
"Can you find another big discount broker tha…
I gotta tell you, for the cheapest go-to, "shareholder first" fund company out there, Vanguard is sure the most bureaucratic fund company out there. Trying to do a simple XFER by mail is a complete nightmare.
And...speaking of transfer nightmares,…
Howdy folks,
It may or may not be true but I read that FOX wasn't even licensed as a News network but as entertainment unlike the other networks like NBC CBS CNN and even MSNBC.
And so it goes
Peace and Flatten the Curve
Rono
Why can't news a…
Hi VintageFreak, This is none of my business but did you buy/sell after 30 days due to wash sale rule. Unless you can argue that PVFIX Is a micro-cap and PVCMX is a small cap?
Buying and selling active funds should not trigger wash sale. They are…
@VintageFreak,
There is probably some overlap; however, as funds out grow their size limit, they may be carried in another fund. For example GPMCX may have some overlap with Contrarian and Reach, it is not completely the same. Some of those hold…
I have toehold positions in global reach and emerging markets but performance has been pretty meh... thats more the joke....have any of their other funds impressed?
Just curious, why do you describe their performance as "meh"?
Interesting @davfor ... maybe a good contrary indicator although the news is clearly going to be bad on equities for a couple of months.... hard to add to equities here
Success comes from being comfortable being uncomfortable. Just because something…
@NumbersGal - please point us to the NY Times article showing Loefflers investments being sold from a blind trust. All I've been able to find is an opinion piece.
Edit: AND I did search for something/anything similar prior to my original post.
She …
D&C have good funds but many of them are riskier and it shows at market stress such as 2008 and many times when stocks go down at least 10%. This is why when volatility increases, such as the last 3 years, their funds lag.
I have never owned th…
Taxing trades is not going to impact income inequality. Wall Street professionals don't get rich because of the frequency of trades they make.
The one loophole that would have the greatest impact would be the elimination of the carried interest loo…
I would say Index funds are no better or no worse then what they are indexed against. In theory half the funds are above the index and half are below. What do you think about that sports fans.
This couldn't be more inaccurate...
I do get the low turnover argument. That said, just to play Devil's Advocate... If turnover is so so low, why not just mirror the portfolio and avoid paying 1.32% annually???
An Ad for T. Rowe Price. Basically filling the page. Title may be misleading. While the funds may be appropriate for long term investing, they are not designed for those in retirement as title seems to suggest. (Examples: TRBCX, PRHSX).
The rec…
Hi, @MikeW. MGGPX current EM exposure is 19+%, whereas Heugh's MIOPX is nearly 33%. The fact that he works from Hong Kong must slant his choices towards the region. He has nothing in emerging Europe and only 1.63% in South America, for example. I wo…
Why would $3 billion move the needle? I'm sure the entire firm is well-compensated and losing $3 billion will not impact the firm's ability to continue doing so.
That said, $3 billion may only be the beginning...
@msf,
No offense taken; I don't take things to heart here; I just post the information when it helps others. I knew your were kidding, but I misread the article, I thought he was an assistant portfolio manager.
I do thank you for clarifying and…
Let's ban caffeine too because it's addictive - no soda, no coffee.
Let's also ignore all of the issues with alcohol, combustible cigarettes, weapons, etc., which have all proven much more dangerous. Oh wait, that's what we're already doing.
I am surprised and a bit baffled by the suspicion and worry. In doing research on companies that fit the profile and mandates of their existing funds Grandeur Peak would discover quality companies that do not. I don't see that creating a suitable…