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.
The March commentary reads like Cathie Wood on steroids. Generational opportunity in the current portfolio. I hold out hope, but what a shellacking YTD! That being said, it's the type of fund that can make up 15% in a week.
SFHYX is managed by Ralph Doudera. He also manages SVARX and SAPEX. All great for last few years, except a very unpleasant atypical nearly 20% drop YTD in SAPEX. I've been looking at SFHYX almost since inception but fear it has all the earmarks of…
The only munis I follow are the short-intermediate high yield ones. IMHO they are bottoming right now. PRIHX will be off nearly 7% YTD after today’s small drop. Depends on what muni(s) you own. But, generally speaking, states are flush with cash…
Stay short to medium, keep dry powder and buy more on the dips (just like you would with equities). Unless we are going into hyperinflation, which I doubt, you should be good. Will be nice to get some decent chunks of cash every month, been a very …
I've traded this. Extremely volatile CEF. Now is a decent time to pick some up at a small discount. I have opted to keep things simple and own its mutual fund (unlevered) sibling, ANZAX. Performs just as well or better than ACV if ACV is just he…
Interesting....
@wxman123, @Level5...do you think that RPIEX bumped up due to possibly (I have no idea) that the fund mgr has nasdax puts on (see latest portfolio holdings)...and some global sovereigns might be doing well as some are anticipating/s…
Dipped my toe into RPIEX and added to VDADX. Both have passed their 200 day ma. Head fake? Perhaps.
I also bought RPIEX, lived up to its dynamic name over the past year. It was down like the rest of the bond market and whatever the manager did of…
Just bought RPIEX. A bond fund that's up this year intrigues me, though not the best performer over longer terms. Looking over the fund's history the manager seems quite nimble in making changes for the better and avoiding nasty drawdowns. Guess …
This does not bother me at all in terms of whether the guy is a competent and professional investment manager. One bad event in 1997? You're making many assumptions to say he "lied about it" over 20 years later. The charge was downgraded to a non…
Schwab still lists RCTIX as $2500 minimum but with $50 fee if anybody is interested.
But I think I am out as well, when the manger disappears
But there are so few alternatives that are not under lots of water.
Anybody else a bit concerned that RP…
Schwab still lists RCTIX as $2500 minimum but with $50 fee if anybody is interested.
But I think I am out as well, when the manger disappears
But there are so few alternatives that are not under lots of water.
Anybody else a bit concerned that RP…
@Crash "I'd been wanting to hop on the Natgas gravy train, these days". Really
Good luck with the NG, Derf
P.S. My chuckle
for the day ! TUVM
A few years ago I thought Natgas would eventually be seen as a darling and …
@wxman123 - You have to set up an "automatic investment" schedule into the fund of choice once you've made your initial purchase at the $49.95 cost. The suggested schedule is along the lines of $X/quarter on a day of your choice but can be customize…
If you're buying it in an IRA, the min appears to be $0.00. Still, holding an open position means that you can add to it for $5 instead of having to pay $49.95 to reopen one.
I thought all subsequent purchases were $49.95 in transaction fee funds …
I think the question is why did he leave.
Probably time to sell
Very fair and a lot smarter than my question. Guess I'm an optimist. On the other hand the fund's performance while good does not scream Madoff... I'll probably hold until further n…
Federal funds rates do not reflect the real interest rates changes his year. Treasury yields have gone up much more in the shorter maturities than longer.
Last three month changes
6 mo treasury up 0.78%
1 year 1.2%
2 year …
Not to state what many other much smarter people than I have said: the cash is trash argument should be placed in the context of financial assets, not the cost of living. Even if inflation is running at 7% cash is not trash if stocks and bonds, or …
how does one go about buying the 2-yr treasury bonds? By the time we go to buy, they probably go down 10 bps in yield but still will be better than any CDs.
I'm just buying VGSH, good enough for me.
Usually the best time to buy any asset is when there is blood in the streets. Will it be different this time for bonds, perhaps, but I'm not investing based on that. Unless there is hyperinflation, possible but doubtful IMO based on demographics (…
The M* brokerage availability pages are not all that reliable, but FWIW the PMEFX page says that the fund is available only at Schwab.
http://financials.morningstar.com/fund/purchase-info.html?t=PMEFX
How were you able to access this "purchase" page…
I benchmark to VWIAX, down only 3.08 ytd despite bonds getting killed. I think its probably among a handful of the best conservative allocation funds all time. Perhaps the GOAT. I rarely beat VWIAX in up years and only slightly outperform in dow…
I have no problem with strong opinions. In fact, CW may well deserve them in time. What bothers me the most for now (as Cramer pointed out) was her utter lack of humility. She will either turn out right ala her Tesla call (she says this is curren…
Just dumped my primecap core and put into on PARWX.
I was debating if I should add to VHCOX. Any insight you may be able to share about the above trade would be appreciated.
P.S.: feel free to send a message if that is more convenient - I am n…
@wxman123 - Kindly point out where you see “bashing” here.
"My Lord - she comes across as a carnival barker with an evangelical bent (although she avoided mention of God). I can imagine many vulnerable individuals having been lulled into buying AR…
According to MS, a "respected fund" like MGGPX (which I own) is down 16.47 YTD while ARKW (which I also own) is down 26.34. Over 5 years, MGGPX is up 17.69 while ARKW is up 29.92. There's not much to see here based on past performance; it is what …
My suggestion is not to futz around in this space because there are only two you need. First, KBWP for stability plus growth in the financial space and then BTO to buy on big dips. Works like clockwork.
No one knows, markets tend to overshoot both up and down. Stay shorter duration and double down as needed, feels good in the treasury space (tax free accounts).
I'm buying VGSH and VGIT each time they hit 52 week lows. Looking to capture decent yield for the first time in years, and treasury's will still be inverse to equities in a real crises as opposed to just rising rates. Feeling good about this, shor…
Good entertainment but dreadful substance. I watch CNBC every morning and have for years. Before the big run in energy Cramer was calling big oil dead money and uninvestable, said that ESG meant these could not be in mutual fund portfolios. This…
I'll mention again T-Mobile money, full 1% paid on all balances. I also have used GS/Marcus for years and just took advantage of the $100 offer, hey why not!
I guess we'll know in 5 years. Right now her largest position in ARKW (what I own along with ARKG) is coin base just moving past Tesla. Coin is down 23% just like ARKW. I can easily see big gains for Coin if Crypto is a real thing, and I think i…
