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.
Surprised tha in the ESG discussion the only Parnassus fund mentioned was their Mid-Cap. Really expected to see PRBLX show up on that section ... IIRC it was (is?) a Great Owl.
I applaud his approach (and the debt-free thing) but can't help noting he was doing bonds during a MAJOR bond bull market. Heck if I could get 10, 15, or 20% in quality gov bonds now like they were back in the 70s and 80s I'd sell everything and …
Avoiding cable news and cable 'news' altogether indeed has excellent health benefits.
[ ] Limiting the number of messages, links that have nothing to do with funds or investing, especially those that have a political agenda
Dude, once again, just …
I'm not a BB fan (unless my uni does another 16th-seed upset like last year) but every time I see this thread and "How's Your Bracket" I keep flashing back to my orthodontist during my teenage years. So thank's for that piece of nostalgia. :)
Goo…
Observation: Needy passive aggressive people get real boring real fast.
Since there is no Ignore feature here, perhaps we should take a lesson from NZ PM Jacinda Arden and simply "not mention his name again" or respond to his perpetual childish ant…
[ ] Chastise MFO users who repeatedly whine about "I posted it first!" and/or who deliberately respond to their own posts to drive them into D+ and into the feed of people who specifically chose to ignore them. (And then get on with your life....)
Interval funds are the new hot thing, it seems. A bunch of real estate funds like this have opened in recent years (like 3-5 years) that are structured similarly. If they mainly hold PE or institutional stuff (or even buildings) I could see owni…
- time in markets (ie long-long-long term perspectives)
- AA of sizes/sectors according to my own due diligence, not some arbitrary number or recommendation (both wrt individual stocks and fund compositions) [1]
- quality of the stock/fund in que…
He has no class, period. McCain is probably giggling from the great beyond knowing that months after he was buried, this nitwit still can't get him out of his head .. just like how he keeps telling people that he 'just won' a 'big election' in 20…
Using options I collared half of my large BA position today to lock in some of my massive CGs on Boeing. May end up doing it on the full position depending where things go over time. I forsee lawsuits, politics, and (idiot) analyst downgrades ..…
Speaking of pi ... this is a really nifty ethereal song/track based on pi's mathematics. Lovely ambient music!
https://motherboard.vice.com/en_us/article/vbwn7d/musician-creates-a-million-hour-song-based-on-the-number-pi
There's nothing 'outstanding' or special about the 2 non-Vanguard funds. At the very least their ERs (just over and just under 1.0 on very small AUM) are horrible and to be avoided by sane investors.
Must be a slow day at Barrons today.....
I always had a fondness for the 757 or A319/20s myself. Never really liked flying in the 37s for some reason....they just seemed more like flying cattle cars. But want to really feel like you're in a smoothly lumbering steel tube? Take a trip on…
I own FSDAX - a great defense fund that's constructed far differently than the other defense/aero ETFs out there, which is nice.
Also own a large large slug of BA. :)
FWIW saying when I hit retirement I still expect to still be practically all-in on equities as I am now in my mid-40s. While I won't be 'diversified' across so-called "asset classes" I will be 'diversified' by my own comfort levels, sectors, and du…
Translation: "If you're annoyed by these fees, just buy OUR funds!"
What a lame non-response response by Fido.
From Fidelity Monitor & Insight:
"As we went to press, The Wall St. Journal is reporting that an“obscure fee” charged by Fidelity t…
IIRC Labor Dept has jurisdiction over policies governing employee retirement plans like 401Ks...think of the controversial 'fiduciary duty' rule & fees from the Obama DOL that Wall Street *hated*.
By contrast SEC has jurisdiction over what go…
"The fee is calculated as 0.15% of a mutual-fund company’s industrywide assets, not just on the dollar amount of assets held by Fidelity customers buying shares on the platform, the document says."
This is the kicker -- .15% of a hosted fund compa…
My rule of thumb in such cases is that there's never only one cockroach. Unless you're playing with tons of f-you money like Uncle Warren and can speculate, I'd wait a while for the dust to settle and see what else shakes out from all this. Ther…
Summary: "Probably the best way, then, to think about “smart” versus “dumb” money is this: The smart money isn’t as smart as it fancies itself, and the dumb money isn’t as dumb as everybody thinks it is. The only smart money is the money that know…
If I wanted an eq-weighted fund, I'd go with BRLIX - .15 ER and simply takes the top 35 largest companies[1], equal-weights them, and rebalances a few times a year. Easy cheap exposure to large value/growth firms.
[1] Except Facebook, which …
The day you, me, and Ann Coulter agree .... my gods, I expect the Hellmouth to open at midnight and consume us all!
Thanks @hank. I really could have done without that bit of information. :)
That's an interesting fund, indeed. Too new for my tastes, as I recall from when I read David's piece, but it's intriguing ... and local for me, which is kind of neat. :)
Tweety Amin managed to shoot himself in both feet with that remark and didn't need Rudy Guliani's help to do it -- so I guess the toddler-in-tweet is growing up after all. EVERY legal challenge is going to use that quote in their briefs!
This mor…
Good. I was not a fan of Spencer's work on the fund in recent years .. far too much trading and overweighting on volatile companies (ie, TSLA, Alibaba, etc). Glad I got out when I did.
I've always done stock-picking since I've never been a fan of market-capped indexes and going with the herd.
Performance and SWAN-wise, I can't complain.
TD only ... but I don't actively 'trade' mutual funds, I hold them.
I hold funds at WFA but those are set-and-forget positions that I don't need or want to touch.
@msf excellent points and questions. Frankly, I place little value in M* ratings or star analysis ... it's just one of any number of 'systems' to offer opinions on funds, and always subject to arbitrary, hindsight-informed revisions.
@Mark: Beware of Wampas, and be sure to feed your Tauntaun.
It's 27F here in DC right now.
Presently working my way through a bottle of Hibiki Harmony ... it's tasty but nowhere as good as the old version of Hibiki (before it became soooo glob…
Yeah --- it's been 'the rage' for a few years now. Some factor implementations are better than others (ie, factors for volatility) and within factor offerings, some factor products are better than others (ie, VMVFX, USMV I think, and others.)
Spe…
Oh, gee, another story about how tech is going to disrupt finance. YAWN.
Other than reducing transaction costs (which can be recouped in other ways, like volume) the mutual fund is not going to disappear b/c of tech. OEFs serve important functio…
