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.
I'm not a BH or indexer but these quotes are all solid words to live by. Though surprised Merriman didn't include a "costs matter!" quote as well ... but that might be from Charlie Ellis maybe.
Clearly you missed the entirety of what I (and others) were saying over there -- posting the same link in multiple forums just is not polite, and it makes David/MFO look bad, too! As I said over there and will say here as well, I do appreciate many…
These robo advisors and algos are great until they're not. Waiting for when they all simultaneously freak out and move clients into/out of positions, churning their accounts, roiling markets, and more. Robos work nicely in trending markets -- b…
At the moment I'm stalking a bunch of equities - GE, BCE, VOD, NHI, several others, including some smaller utilities. Hopefully they'll hit my buy points (which I established in April) during any election-related volatility.
I plan to move more …
MJG - good points. I sure wasn't intending to paint all fund companies w/that sentiment! Some, like VG, TRP, and others, are indeed quite responsible in such outreach, I think.
Hi Rforno,
Thanks for your post. Not all professional organizations a…
More like why the fund marketing departments will love these rolling averages. Remember how responsible FAs and others (ie, MFO readers) were saying in 2013 beware of the 5 year returns being hyped once the '08 crash 'fell off the radar' on that c…
Or just burn through a few thousand more airline miles for a 'new' subscription. I do that every few years with Barrons.
After your $52 subscription is over, you'll get an offer to pay the corner-office rate.
TD has minimum buys of 100 and 250 on the low-end for many funds I've stumbled across over the years, so I think you'd probably be okay.
@LLJB. I've successfully gotten over falling in love with ANY fund. So I don't want my shares to be grandfather…
Ohhh! Do they come with frequent flyer points or AMEX rewards? I'm so in.
rforno, at some point, I am sure an F-8-E share-class will be offered. As to whether it will have the cost attributes you specify, it may! -- Or you may need to hold ou…
I'm holding out for them to roll out the F-8-E class shares. You know, the ones that have no load, no 12(b)-1, cost under .10 ER, and give you 5 extra shares each month as a shareholder bonus. :)
Oh no offense taken! :)
Sorry rforno.....I did not intend to infer that you purchased this due to the name. I also purchased a fund (SCHD) due to the similar underlying characteristics.
The marketing staffer who thought up the moniker "Low Volatility" for the fund description most likely got a nice bonus check though.
Probably yeah. And I'm sure many flocked to it (and other similarly-named funds) because it had those words in th…
I agree the ever-expanding # of AF share classes is an exercise in excessive extremes.
However, I do appreciate their multi-manager approach, and it's served me well over the years.
VMVFX has been doing quite nicely imho. But then again, I don't jump in and out of things because of their title or stated goal, but rather for its holdings, allocation, costs, and how it fits into my overall portfolio.
Yawn.
I can see them having 20-30 positions, getting a sudden inflow of cash, and then, not finding any value stocks, just dump the extra AUM into an index fund it holds to remain 'fully invested' LOL
(x-posted to M*)
After much thought, I closed my sizable multiyear position in PRBLX last night at approx breakeven.
Reasons:
- Waiting for the WFC thing to settle, it's their newest #1 holding. (For an ESG fund, let alone on trust issues I'm not…
If the ER was lower I might ... might consider a dram. But with 24% in DEO, just buy that and a few other of its major holdings individually and forget about the ER. :)
I hold a few others as well, but CAIBX, CWGIX, RWMGX are some of the AFs I've come to respect.
GBLFX looks interesting as a global allocation fund, too.
Fair enough. I for one think their multimanager approach is a valid one, and offers a bit of a sanity check between them in their analysis. Is it perfect? Nope, but I appreciate it and their approach has served me well in the AFs I've owned since …
F-2 class have lower ERs and no 12(b)-1 fees. (Edit: Presuming you don't *want* to hold ETFs. For some things I prefer an OEF.)
One has to believe AF managers deconflict purchases so that (to use your hypothetical) if 4/9 managers all want to own…
As I posted at M* this afternoon, "Good move by AF. I'd prefer to own the F-2 shares that don't have 12(b)-1 fees but this is a welcome move and will let me re-consider some AFs that I like but refused to buy due to loads."
I already hold several…
I would stay away from thematic niche ETFs which tend to be very thinly traded and/or fail to attract enough assets and end up shutting down.
For a long-term growth portfolio, much of what TSP_Transfer said isn't too bad - own PRGTX and PRHSX mysel…
The title of Dent's books and the timing of their publication are a great contrarian indicator, as I recall.
In this case, he's hedging that track record by implying both a crash and a boom. Yawn.
The imitations were briliant -- as usual. However, given the seriousness of things and what it means/might mean for our futures, I found it hard to laugh at the skit yesterday. :(
Well, so there is. Thanks for the tip!!! I feel better now. :)
@rforno @Old_Skeet @Ted
The long format is not dead! We know that many people prefer to sit down with a nice long read. If you look to the right, from any of the main pages, you'…
Am I the only one who likes the old format better?
I won't complain since the analysis/site is donor-supported (and I've contributed) -- and continue to admire the gang for making it happen each month -- but I'm just not thrilled w/several aspe…
Were I the PRBLX manager I would dump them like a hot potato as soon as I could. As the old saying goes, there's never just one cockroach!
I bought PRBLX b/c of its eclectic set of holdings and fairly solid history through several market cycles, n…
Dunno what if anything they'd do, but you won't see evidence of those actions, if any, until probably the December commentary.
With the 1/4 end I wouldn't be surprised to see a reduction in holdings since the prospectus says "in the best interest o…
That's not the case for all funds they offer. Some funds have a long holding time or TF, but having the range of funds/classes available in this supermarket is well-worth it, imho.
TDA is not a good brokerage for MF investors. Minimum holding time…
IIRC I think Warren said he/BRK wouldn't comment until November ... which is after their next scheuled holdings disclosure, I think.
Isn't WFC on of Warren Buffet's largest holdings? I haven't seen any comments about Warren.
As a legacy ThinkorSwimmer, the idea of TD dumping Thinkorswim does not resonate well with me. It's a great cross-platform analytic/trading platform.
The only glaring hole in ToS-TDA is that Gainskeeper STILL doesn't show up correctly in the ToS pl…
I've waffled about reducing PRBLX for general portfolio allocations this year but not pulled the trigger yet.
This situation inclines me to do that just on principle since WFC is their #1 position, at least until this thing blows over -- granted, …
That's a HUGE start, imho....you know how banks hate doing this kind of punishing these days. Wonder if Berkshire Hathaway pressured them into doing anything? I hate to keep mentioning them, but they are the bank's largest single shareholder, …
Just to keep everyone posted, to their credit, their Shareholder Services folks sent me a personal follow-up note with a link to the letter I posted in this thread. Kudos to them.
