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.
Most fund managers also need to show performance in order to attract more AUM. Even if they wanted to hold more cash for a rainy day, they don't dare show 'drag' in a rising market lest potential customers put their $$$ into a competitor's fund ins…
I use it for the GLOBAL sector exposure in infrastructure, with a nice diversified portfolio that seems fairly conservative....since I'm youngish (43) and still accumulating, the income just lets me snap up more shares when the dividends are paid, …
Lemmings following news of where the herd WAS before moving on. Nice way for hedgies to sell out of positions to a bunch of clueless buyers who think they're following the smart money ... which they are, but not in the way they expect.
Too expensive for my tastes on both ER and 12(b)-1 fees but I do like many of its holdings. If you want ESG fund, maybe look at PRBLX which has done better than this one for the past several years and is cheaper, too. It's more US focused, thoug…
I remember reading many posts on *M about how Arnott was the best thing since sliced bread. I bought into it. Luckily, I didn't lose a lot of money but the fund was very stagnant and didn't sit well with me over time. I'm glad to have bailed out.
S…
But no worries, when it comes roaring back 40% (at some point TBD) and gets you back to breakeven, Arnott will crow about how, see? Dogmatic adherence to a strategy come hell or high water is a good idea and see -- I was right. No thanks.
I bail…
It's never their fault. Because they are the alleged self-proclaimed "smart money" in finance. HAH!
[wipes tears away from eye after fit of laughter]
One beef w/the article, though. Yes, a 2/20 profit structure is atrocious. But I presume say…
Sorry, Chuck ... but you're no Jason Zweig. His 2015 "Devil's Dictionary of Finance" is a must-read. This was a thinly-veiled homage to that at best. Useful, sure -- but clearly trying to horn in on his work.
Added to PRBLX last week, PRHSX on Tuesday, and picked up some preferreds that hit my desired yield/price point to buy. I have other stock orders resting and may add to some OEFs as opportunity presents, too. So yes, I'm carefully buying accord…
True.....
I'm also a bit of market technician, so I feel obligated to remind folks that "markets can remain overbought/oversold for longer than a person is solvent --- or sane." ;)
Sigh. More investment 'vehicles' peddled to the public based on (emotional) marketplace 'demands' ....all these me-too funds remind me of the old saying about asset managers, "it;s not how much money your clients can collect from the market, it's ho…
Quoth @TMFOtter: "Bloomberg describes 2015 as a year nothing worked in investing. Know what does work? Having a timeframe more than 1 year."
I couldn't agree more!!!
Financial crisis has left me w/bad taste in my mouth for holding BANK stocks. Plus their preferreds are rarely cumulative on the dividend, which in my view is a giant "f-you" to retail investors who want the stability of income.
One ETF that's no…
Many thematic (not sector) ETFs like those mentioned in the article are, in my view, mainly short-to-near-term fads. Their being 'successful' comes down to how much AUM they can gather by people who fall for their marketing. An ETF that launched …
Good riddance to bad rubbish. I wonder what punk pose he'll strike for his mugshot?
And, in a moment of mature sanity, for those who know the cartoon reference, may I add a Nelson-esque "Ha-Ha!"
Do these people have some kind of secret sauce?
Yep - they get people willing to pay 1.25% per year to own their Large Growth fund. Paying more than .60 is highway robbery for a domestic stock fund, in my view. ;/
Of course it looks good -- it …
As a longtime AF holder, I am happy with their funds and fairly comfortable with their investment process/management, but these days, knowing what I know now versus 15 years ago, would absolutely refuse to buy more and/or institute new positions if…
Tradability or low expenses or whatever 'benefits' aside, I'm not a fan of ETFs either. If I want a 'fund' to buy and hold for a long time, I will go with a properly-run, low-cost OEF any day of the week. If I'm bored and want to speculate on a …
Correction: Franklin reports only 21% cash as of 9/30. Guess M* data is incorrect (an ongoing problem over there) or they're calculating 'cash' as something more than what Franklin does.
So it seems that as of September TGBAX is up to 8% Ukrainian bonds (from 1.8% prior). Morningstar also shows it at 50% cash, too.
In reviewing the 2015 annual report that just came out, I am somewhat dismayed at the 'managers commentary' ... seeme…
I'm liking it, having started a position over the summer since I had next to no tech exposure and wanted something other than herd-based holdings. PRGTX is (to me) fairly eclectic in holdings, doesn't have the "usual suspects" overweighting their …
Jeez another "MLPs are spooky vehicles" piece. Just because the whole sector is down big this year doesn't suddenly make everything in it a bad or questionable investment. Sure there are many MLPs that likely will die off and/or suffer bigtime, a…
I'm not a fan of rebalancing for the sake of rebalancing (and I expect to be very stock-heavy until they put me into the ground) but I agree completely that Yellen, Trump, CNBC, and economists generally are best ignored as part of a good investing s…
Sorry, USATODAY, the presence of an expense ratio is not 'cheating' people. We can argue at what point the ER becomes a fleecing of people, but an ER itself isn't cheating. Talk about a clickbait headline.
