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.
If your mom's "financial planner" is a registered rep, then it is likely that she has "C" share class funds that have no front-end sales load, no back-end load and pay out a share of the expense ratio (12b-1 marketing expense portion of the ER) to t…
MikeM,
The outlandish top rates cited above if re-instituted will have the super-rich seeking high-priced tax advice on how to re-characterize and time income as well as how to re-title and reposition assets in order to minimize the impact. A lot o…
mobryon,
I have no doubt that RPHYX is different from all the other junk bond funds in buying only called bonds with an average of 30 days until the call date where there is cash on the corporate balance sheet to redeem. Before the OP randolf "par…
RPHYX is very interesting and appears to be fairly low-risk fund with steady returns. However, whenever there is a "free lunch" inherent in a strategy, a black swan lurks close by. This fund was started after the liquidity crunch of Q3 & 4 of …
Without looking it up, I recall that four years ago, FPACX was closed to new investment, had $800M with a 40% cash level (because SR complained that he could find nothing to buy), and FWIW was in the small-mid value style box. After re-opening and …
By its very nature, the next Black Swan will be different than the last Black Swan. Many prudent or conservative investors are now fully or partially hedged against a repetition of the last Black Swan. The next one might be the result of a solar f…
CathyG,
You are looking at PTTRX holdings as of 12/31/2010, so BG hadn't yet sold all Treasuries. Mortgage pass-throughs from Fannie and Freddie are effectively US government obligations. The biggest risk here is that most trade at a premium and a…
_AP_,
So those early returns for FAIRX were all due to BB's prowess and Trauner and Pitkowsky had nothing to do with them. Well now BB has no one to blame but himself.
GOODX has not yet reported portfolio holdings, but Kiplinger and other write…
Most closed-end funds should be avoided by individual investors. They are instruments designed by investment banks to be sold to small individual investors at their initial offering by retail brokers for a sizeable imbedded commission. What makes …
Hussman hit it out of the park in '01, '02 and '03. Since then he's been bunting to get on base and rarely succeeding. In 2004, I thought JH had some special market insight and allocated about 12% to HSGFX. After his huge success 2001-03, he seem…
