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.
Okay, now. Did we pass a rule that said unless journalists, reporters, and I say those words kindly (not!) can say on their resume they wrote an article lamenting,bashing,etc. the demise of active management, they cannot get another job ?!?!?!
Enou…
@catch22 Blanky said that in front of congress. However, you will be surprised how many bankers say that. Worse, they seem to actually believe it. That sort of logic is inculcated within them.
I'm quite sure you don't just "become" a banker. You a…
Somehow doesn't seem to be enough. $250K from $1MM seems enough. $25MM from $100MM seems like nothing.
I'm looking into the minds of CEOs right now who are thinking "so what's the downside of behaving badly?"
We rant and rave about this. The botto…
40% vs 30%. That's a bias...
Oh wait now. 3.24% bias. OMG. Men are horrible, horrible creatures.
Oh wait. Can someone let me write this article. 3.24% of all male writers at WSJ are complete morons? Or perhaps 3.24% of editors who hire reporters a…
It is only because Berko has so much of his own money invested I didn't bail on FAIRX. He can keep his funds alive all by himself. And for all his faults, not literally investing his net worth is his funds is not one of them.
It is the Stewart Mid …
I didn't know George Soros was the devil. Unlike few others, I've never known him to say "I do god's work". Now *that* is devil personified.
Just like in the last election, we have to pick the best of the worst. Not saying he is "best", but I serio…
I've known about FTHNX for a while. I think it is public knowledge I make it my business to know about "single fund companies". The only reason I haven't taken a second look is because of assets under management. One bad year kills such funds. Unles…
@The Pudd
WSBFX and BTBFX is practically the "Same" fund. One of them claims to be "socially responsible" version of the other.
VWELX I already got, not sure I need VWINX
Looking for go anywhere managers with BVAOX and not looking for small cap f…
I have some PASDX in my 401K the institutional version.
MAVRX I want to buy with all the talk about "emerging markets value" doing well, stated by Seafarer. However I'm observing behavior of MAVRX against MACSX and MAPIX and see no reason right now…
I always wanted to ask this question. Who made JD Power and Associates the authority on this. Would like to understand the history behind it.
Just like Zagat is supposed to be the authority in its domain. I often wonder how this comes about. What w…
@rforno you asked a why question....because like most articles, this article was sanctioned to put the manager/fund/institution in good light....OR...
maybe it is simply a matter of quid pro quo...
OR...
you get my drift.
I decided some time back …
This why there needs to be more disclosure of manager ownership. It is not an effing privacy concern. Miller owned "1 million" of LMVTX. Okay...he bought a freakin' $70 MM yacht. That's how I knew to stay away from him. You would think if he wanted …
Nothing is zero risk. Wells Fargo funds shouldn't be bought on first principles.
Take a look at SIRIX and SSIIX. ER is very high, but these guys seem to be navigating portfolio well and do actively focus on capital preservation. I've had SIRIX in …
These are funds I'm looking to buy. Feels like I will never be able to pull the trigger the way the market is going. Like I said I will be patient because it is important to buy fund at right point so one can then truly hold it for long periods - ju…
Some people should not be seen again. Miller is one of them.
Contrarian...Value...and of course for the last 5 period of this extreme bull market his fund is tops again. Who knew!
And if you had ANY doubt...this is from Morningstar fund front page…
Robotics ETF. Pictet Global Water. This is going to crash and burn. Too early to do Robotics ETF.
RPA Marketing is in full force and as always "jokers" in the IT industry do not understand what it means and are applying for the sake of getting it o…
Now I'm wondering if I should exhort Wells Fargo employees to find alternative employment to protest their company. They are likely clients of Wells Fargo, too. Take your talent and your money to some place more deserving of you.
It is one of the most profitable show on Fox Channel. O'Reilly behaves just as bad as his former boss, Rodger Ailes toward women.
This is not the first time he has settled. 7-8 years back or may be more he had to settle, and he went on multi-wee…
Re-openings usually are.
I find that most fund families, spurred on by greed, will (re) open it up to brokerages. I'm not aware of too many funds that make new investors purchase shares directly.
Its a smart move by RiverPark.
Smart, or not, but…
Trader Joe's needs to rebrand "two-buck chuck". It is more like $2.49 last time I looked. Frankly, it is not as good as it was at $2. I think quality has suffered to keep price down.
There is a Port at TJ's I forget that's quite good for the price.…
@Ted. If I can live in a Star Trekian world where people work for benefit of society and not to earn money then I could live without Wall Street. MFO would still be here. Except MF would be replaced by something else. We would all be "observing" som…
@LewisBraham. Completely Agree. Problem is no one is going to believe your sincerity because it is inconvenient for them to do so. Like I keep saying, such articles are not journalism. It is psychological warfare meant to impress upon your mind why …
Good Grief!
By the way I will let you all know when I pick my nose in public. Exactly 30 days after the market will enter bear market. Unless of course I scratch my head in private, when it will start going up again.
Okay, everyone stop, and please explain. If one can clearly see Vanguard index funds are performing better than Schwab index fund, then WTF is Schwab trashing its own credibility by saying it is a winner?
I also never understood the "love" for BBALX. Totally a great candidate for "when you buy vs what you buy". However, have to take MFO suggestions seriously. Will research.
@davidrmoran I will give Famous Grouse a try soon. You sealed the deal mentioning both McCallan and Cardhu.
I'm still not sure about Oban though at current price point.
Finally, Old Smuggler is what I keep at home for those people who have no clue…
I use Peepz or Guys N Gals :-D. At least when I remember to and I do make a conscious effort. Otherwise I tend to use "she" instead of "he" - the men don't seem to mind.
As always, we focus on wrong thing.
Successful investors think they have high IQs. That's it. Anything extrapolation from *this* fact can statistically prove the premise.
@davidrmoran. I always thought Famous Grouse was not that famous. I will give it a shot.
Regarding scotch whiskey being aged in US made oak barrels, I thought that was old news. Scotch simply means aged in Scotland. You might even be able to disti…
@PRESSmUP Can you tell why you saying "6" I thought it is more like "8" right? Unless you are saying there was a substantial correction before 2011? I didn't think it was anything more spectacular than 2015. I believe consensus is our last bull mark…
