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.
It's legit, I'm a CPA, and the SBA sent out a lot of these letters last week. Follow the instructions on the letter under Report Identity Theft to SBA by providing the three sets of documentation to them via mail, fax, or portal. Most likely you h…
If you believe the GMO 7-year forecasts, along with many of the other pundits, emerging markets is the place to be for the next 5-10 years relative to other asset classes; so I would expect the Grandeur Peak funds to do well since they are heavy on …
My local library in NC provides a free variation of Morningstar premium with a" Performance" tab. Yearly AUM going back 10 years is listed in the chart that comes up. Works for me. You may have it free via your library also. You might want to check…
Talk about timing, eh? I'm wondering who is going to buy all of the vacation properties in Michigan when the majority of we "older" folks are, well; gone to some other place.
I've been waiting for that bubble to pop, looking to buy a lake house i…
FMIJX is a concentrated fund, that's the diff.
First, I don't think FMIJX is that concentrated. Second top 5 holdings of both funds have 18-19%. I seriously don't think this should be used as a decision point on which fund to chose. JMHO.
Don'…
OAKIX recently re-opened to new investors while FMIJX is about to close. Both describe themselves as value funds. One seems to be finding values while the other can't and has accumulated a large cash stake. Go figure.
FMIJX is a concentrated fund…
@briboe69, How about SGENX? I own both IVWAX and SGENX. The performance and risk profile are comparable.
A great fund, I've owned it for 20 years. I'm a little concerned about asset bloat with SGENX, so I also own FEBAX since there is a lot of over…
@jerry I was just trying to find funds that will go cash if they don't find value. ARIVX was one such fund. COBYX which I own is yet another. Not sure how one could "screen" for such funds. If you have a better way, please do share.
These are basic…
I had a Roth IRA in Ivy Asset Strategy since the late 90's, but transferred it to First Eagle Global a couple of years ago, glad I did. WASAX had $35 billion in assets a few years ago, and now is down to $5 billion - wow! There is nothing a manage…
reconcile with this
http://www.huffingtonpost.com/entry/trump-obamacare-michigan_us_5817f34ae4b0390e69d23f18
I debated even whether to comment again on this thread, seems like any political discussion this year is a no-win situation, and yes the AC…
Only 16.7% - that's awesome news for me, since my company's premiums are only going up a little over 5% next year. The problem is it jumped up 55% two years ago, and that was after increasing our deductible 2 1/2 times.
Most of my small business c…
CPA firms use many different software packages, there isn't one "Turbo-Tax" like there is for individuals doing their own taxes. Some of the top tier (also meaning super expensive) ones are UltraTax, ProSystem fx, and Lacerte. The next tier includ…
@rforno
Agree on Giroux's comments also, he sure does give you confidence in the fund going forward. If you liked PRWCX's semiannual report, check out the TRP Mid-Cap Growth semiannual report if you have time. Here's one part from it I love:
"In…
Two years ago the BCBS premiums for my CPA firm in Michigan increased 55%, and that's after increasing the deductible two and a half times. The average increase for my small business clients here in Michigan two years ago (when we first had to comp…
Not buying, not selling, but waiting with a larger than normal cash stake.
Same here - sitting on a lot of cash. A lot of underlying global demographic issues taking place which should cause the market to correct sooner or later. But hey, what…
Interesting - but for global small-cap investing I'll stick with my Grandeur Peak funds. I've owned SSSFX for over a decade and concentrated funds like this are tough to own - be prepared to be the worst performer for a couple of years then the bes…
I've owned this fund for several years - you have to have a strong stomach for it since it's a concentrated fund and has huge up and down swings - it'll go a year or two as the top ranked fund in its category, then it'll have a year or two where it'…
I started a position in First Eagle Global Income Builder (FEBAX) shortly after it opened 3 1/2 years ago, as a defensive compliment to my largest holding, PRWCX. It's done better than the category average, but not too well risk adjusted or versus …
VF - I agree, at age 47 at the height of your career you don't quit - especially someone as good as Gibson Smith was - something else is going on. I've owned several Janus funds in taxable accounts, some for 20 years, but have been paring them down…
HSCSX despite some manager changes a year and a half ago. It has easily beaten its peers across all periods and is very tax efficient.
I would hang on to JSCVX for now since small-cap value has been beaten up in recent years and it's hard to find …
@VF - I'm in the same boat as you - been looking for another moderate allocation fund the past few years to compliment PRWCX - was going to go with BRUFX - but passed and keep adding to PRWCX instead; but it's getting to be too big a chunk of my por…
@TheShadow - I received a little less than my full requested allotment for a taxable account - so I assume I received the max they gave out unless they have some weird formula based on your current GP holdings. My allotment was $50k, which I was su…
Got my allocation! Apparently the staff typed my email address in the computer incorrectly, so they called me today. It's nice that we can do the $500/mth automatic investment plan in addition to our allocation.
LLJB - thanks for the insight. The minimum I asked for was a little above your rough estimate so either I missed the cut or haven't got my allocation yet. Either way I'm not going to lose any sleep over it - I'm happy with my current portfolio whi…
If the emails are going out alphabetically, I must not be getting an allocation (I'm a 'B'), and I gave them a minimum figure. For those of you who have received allocations, do mind sharing/speculating what the max allocation is? I wonder if they…
