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.
@BaluBalu - I did but I was in before the huge run up and out in May 2021. There were others. Although I agreed with her "disrupter" thesis it was strictly a momentum trade on my part. I still think the disrupter thesis has merit but valuations are …
Jason Zweig, WSJ
THE INTELLIGENT INVESTOR
"What the Hell, It Is Going Up Anyway"
"My column last weekend, How a Flood of Money Swamped Cathie Wood's ARK, looked at how the billions that poured into the ARK funds might have impaired their returns.
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Look, I wasn't trying to make any point other than I already hold a real estate fund. Period. RQI isn't for everyone anymore than CPREX is. Also I don't expect any one particular fund to repeat one year's performance anymore than I expect it to boun…
The difference to me is that I know the real estate holdings held in RQI. I don't know anything about the 'private' holdings in CPREX. What can I say.
And of course there's that little matter of a million dollar buy in.
I sold MGGPX because I felt the funds strategy had taken a hard turn. I'll get back in possibly because I like their manager but only if their compass gets repaired.
Well it would be super if #2 would go away at some point but that's just the old hippie in me. I realize greed and egotistical quests will always hold sway.
The Intelligent Investor by Jason Zweig: The Best Investment for This Coming Crazy Year
As the money manager Martin Zweig (no relation), who died in 2013, liked to say: “The markets will always do whatever they have to do to screw over as many peop…
When I look at the portfolio for MGGPX/MGGIX I see that their tech component consists of primarily those 'disrupters' many managers have taken a liking to. I'm just thinking that could be part of the reason the fund has hit a recent rough patch. I'm…
Food for Thought
Edited to add: Pay attention to the chart of dividends paid out over time. It goes without saying I hope that the biggest dividends are not always proof of the best investments.
So could it be said that D&C (along with other alternative strategy funds/management teams) are adopting the David Swensen Method to portfolio construction?
If your distributions are large enough to purchase at least 0.001 shares then that's what they will do. If not, they may just deposit the distribution funds into your core account. You might want to give them a call or open a chat online to confirm.
@hank - In an interview of sorts posted a month or two ago on the board her religious beliefs (strong Catholic) were drawn into the conversation as to how the guide her life and he investing business.
Here's one: God, Money
I don't feel that it is any different than investing in casinos or the REIT's that hold them if you prefer. DraftKings just facilitates gambling from ones couch.
I've also often found that many people who profess or claim to be religious only play …
Good plan. I was going to suggest a plain vanilla S&P 500 fund but you already knew that. Then he could paper test active funds against that should mo-mo fund chasing or his knowledge of growth v. value, LC v. SC, etc., etc. give him the itch to…
@LewisBraham - the OP stated earlier that they were placed in the fund through a financial advisor. That seems to be the link if one doesn't have a million to play with.
Just a few brief notes on David's launch alert segment for BIAYX. Intrigued by the fund I checked into it at Fidelity. The minimum there is $2500 AND they won't/don't let you buy it in a retirement account unless you call them. For whatever reason (…
Although I can see investing in the future hardware and software companies to support Web 3.0 there is absolutely no way that I will be shelling out actual $USD to visualize some digital reality adorned with equally digital NFT's. Call me old-fashio…
For interested holders of BIAWX I received this message in my Fidelity account: A short-term capital gain of 0.14699 per share and long-term capital gain of 0.76367 per share, declared on 12/14/2021, is pending on this position."
