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.
Yes, I'm referring to PRBLX. I sent an email to their shareholder@ address but never heard back. Maybe a phone call is in order next.
I think WFC was picked up in the last quarter - they talked about it in their last commentary note in August. …
If I wanted to go equal weighting, I'd go with BRLIX and its .15 ER, low-turnover offering. Not market capped, not sensational, kind of boring, but that's a good thing for long term investors. :)
The Army rules of leadership, which were ingrained in me as a teenager/young adult, are still very much a part of who I am today. Solid guidance to live and lead by!
First computer I owned was in the mid-80s .... Apple //c, green monitor, then added an external 3.5" floppy a few years later as my 'hard disk' -- OMG all my school work for the whole year, plus Appleworks, on ONE DISK!!!
The first computer I reme…
What 'they' tell us regularly:
OMG THE MARKET FLUCTUATED -- YOU NEED TO DO SOMETHING!!!!!!
What responsible investors should do regularly:
Turn off the financial media noise machine & go for a walk.
;)
Those funds may well be run by people who bailed out of the markets at the bottom in '08/09. Trim positions, sure. But dump completely b/c of a bad quarter or two? Please.....
I'm a little miffed that PRBLX (which I hold as a large core fund position) added WFC as its #1 position recently. In terms of the fund's "governance" mandate I wonder if they'll do anything in response to this news. That decision just doesn't …
Don't forget SFGIX soft closes this month, so you might not want to wait TOO long to get in.
I'm monitoring PREMX, SFGIX, and Mairs and Power small cap to see how well they hold up in the Selloff with an intention to purchase if we go down another …
I'm not sure where to begin with some of the glaring logical fail of this article.
a) b) Do/did those interviewed/surveyed even know about mutual funds or consider them if they did? Or how OEFs might be better than ETFs in various ways/scenari…
Agreed. I haven't "raised cash" this year and am letting my various holdings ride as they will but still have a sizable amount that I've yet to find good values to put it to work on. Ergo, it remains liquid, and I remain patient ... which presumabl…
I thought the Midwest was in the Southeast? (Sorry, bastrdizing a line from 'Idiocracy')
I held MAPOX for a while but while I don't anymore, if i wanted to tuck some money away in a fund that performed like VWINX but didn't have the straight trea…
Although the article reads like a press release / marketing brochure, I am fairly pleased w/TRP's funds and approach to investing. (I hold PRWCX, PRGTX, and PRHSX) A good company!! (Giroux' comments in last week's SA report for PRWCX were spot-o…
I for one would miss the paper-based fund reports ... I prefer hardcopy to flip thru versus scroll through on the couch or plane.
Not to mention, they make great bathroom reading! ;)
Morgan Housel is awesome.(tm)
I still say many of these analysts don't know the industry they cover beyond cookie-cutter MBA financial analysis techniques. It's almost like Wall Street needed to give some of its own a job, so they found a way to g…
(reposted from my entry at the M* forum)
I sell naked puts periodically -- I did so during 2008 to great success, and will do so again if/when/as I deem appropriate or opportunistic.
However, a few reactions come to mind:
First ....
“After the g…
Yes, I liked him, too...dry, witty, mundane, and non-sensational. You don't get such low-key financial shows these days .... I guess Consuelo Mack is the closest we'll find.
I saw the interview and compared to his other appearances, I thought Charlie sounded more dogmatic about indexing than usual. Or maybe it was just how it sounded to me. But he makes some excellent points and I agree in principle with much of them.…
Check out HQH and other CEFs from Tekla. They know biotech pretty well. (I own THQ)
PRHSX has a healthy slug of biotech, as do many other health-science type mutual funds.
Agree COMPLETELY. To me, a 'heavyweight' manager does not live on TV networks or press coverage, and does not focus on raising their AUM at every opportunity....in fact, hopefully they're fairly anonymous! I hold mutual funds for the long haul (a…
That's okay. I hear next month they're launching a Phonetic Integrated Alpha fund with a ER waiver that brings the fee down to .53, which is a rock-bottom STEAL. Of course there's a 6.25% 12(b)-1 fee but who's looking? The more complex the name,…
Based on that list, I'm about 80% old-fart. But then again, I'm also 43, so yeah, half as old, but more than halfway there. :)
Good reading. And a sad reflection on where society has gone to over the years.....
There are times where I wonder if Zacks, Bezinga, and other intraday finance content providers are writing this stuff themselves or using some AI algorithms to do it.
Another day, another dire prophecy from the Gloom, Boom, and Doom guy...... *yawn*
For him and others in the perma-bear camp, "The Big One" has been coming for years. It may still take years to materialise. Ergo, just ignore market 'calls' and …
@Ted, yes it's long term performance is excellent. But that was under (I think) mainly Kris Jenner who moved on and got replaced by another manager ... who then moved on and was replaced by the current person. So I'm not dumping the fund and stil…
Wasn't there similar "investor concerns" floated in the media when Ebola resurfaced globally a few years ago? And then H1N1, SARS, and whatever else in recent years, too? Unless it's the zombie apocalypse (think: 'Resident Evil' movies) it won't i…
For long term investing, I can easily automated DCA additions to mutual funds. ETFs or stocks I need to do manually, and incur a commission. Plus, I am not comfy with how ETF shares are constructed/redeemed. As such, my only ETF trading are opt…
Agree with several of his points (loads & creep, for starters) but there are some features about mutual funds that I appreciate -- such as auto-investing in them w/o paying a commission each month, regulations governing use of leverage, and the …
Well-said. Which also underscores the reason for the vast majority of retail investors should IGNORE the whatever-way-the-wind-is-blowing nature of the financial media puditocracy and get their investing analysis from more responsible organizations…
Why do I keep thinking the more a money manager appears on TV (or in the media) as an financial talking head the less useful and/or "correct" their analysis, estimates, calls, or prognostications are?
I agree, these things should be banned. Pharma says drugs are expensive due to R&D, but no, it's due to the incentives, discounts, and insane costly slickly-produced marketing of their products. (I think it was the NYT that did a piece earlie…
