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.
Frankly, I want to know how many millions manager has in each fund and then decide. I own both RPHYX and RSIVX so it is not like I have to keep RSIVX. I went into RSIVX knowing it would have risks, but then also the possibility of higher returns.
I…
I was sufficiently impressed by David Sherman to commit a large percentage of my bond portfolio to RSIIX about 21 months ago. Since then, after reinvesting distributions, my investment in RSIIX is down by over 2.25 percent. This loss did not particu…
Problem is the past record has no relevance or poor prediction of future performance.
You know, I want have a saying of my own. I want to say past performance IS a predictor of future performance. I want to say "good past performance predicts poor…
I just have issue with calling him "Trader". I mean everyone is a "Trader" then, is it? An "Investor" also loses money. OR is he a "Trader" because an "Investor" wouldn't do anything as dumb (or is it creative?) like begging in high-tech fashion. I …
Another "buy signal" in the making by another "ly", Ulli the etf Bully:
markets-hold-strong-despite-paris-event-is-a-new-domestic-buy-in-the-making
Err...maybe you missed the whole thing. If it was after someone posted the hilly billy, i mean Ulli…
The last time I calculated from SAI, Berkowitz had $106 Million in FAIRX. Not sure how much he has in SEQUX.
We all know how Berkowitz invests. You go in assuming that. Sequoia and to a higher extent Oakmark, not in same league. Berko could go 90% …
http://www.slate.com/blogs/the_slatest/2015/11/14/hillary_clinton_cites_9_11_women_in_defending_wall_street_donations.html
Point. However, I do grade crap. In the real world it is often about choosing the least offensive item.
The minimum is 25K, so any advantage if it is exists is meaningless to me. I'm only in FAIRX because I was able to get in cheaper and I have never invested distributions back.
This could be dangerous for a fund junkie... I disagree since a I'm a recovering addict. Such a junkie will figure out another way. What it will enable is to help people start saving and more regularly IMHO. It will also let more investors partake i…
It is more important to know how much of the fund is in Valeant rather than how much of the float is owned by a fund. SEQUX owns 3.29% of the float or 3.29% of the fund is in Valeant?
Agree. All this research, rarely translates to something actionable for individual investors. And advisors (aka brokers) doing this for clients....BS. Besides, WTF do I need research to tell me to buy funds with manager ownership and R-squared, etc.…
I think this is a brilliant move by Schwab and I hope it catches on with other brokerages. If I can start with $100 instead of $2500 or sometimes $10000, I a more likely to invest and invest sooner.
I agree he should be ignored unless he is performing at the improv. However, he does not seem to confirm to the ahem, industry don't you think? I mean don't invest in 401ks...his reasons maybe be dumb, but he is spot on regarding transfer of wealth …
a-ha. I hope some brokerage has it. I had to exit my OAKEX position and can't get back in. Maybe this will start at the exact "when you buy vs what you buy moment".
I think if you gave US citizens the choice between now and socialism, they would choose socialism and possibly communism if that was one of the choices.
http://www.huffingtonpost.com/2015/06/22/socialist-president-poll_n_7638400.html
Americans a…
How long have you been a timer, and how has it gone? Sorry if you have already delved into this prior.
I have been running my 3 models (short, mid, long) for over 3-4 years. I manage my 401K and to smaller extent IRA assets based on what each model …
Comparison of a balanced fund against VFINX seems a little dubious. How about VBINX as a benchmark?
Good point, however Da Bruce describes this as a go-anywhere do whatever you want fund. Most balanced funds do not dabble in small caps so there is n…
@littlw The fact that our public courts can be corrupted by private interests is not an indication we should have a privatized system. I wouldn't want to compete in the free market court of EBay in which a desired verdict automatically went to the h…
The power of patience. Not just of BRUFX managers but both of investors who did buy and those who didn't. It's top holding was once $2, now it is $450. The problem is it is now 12% of the fund. The chart below shows BRUFX underperformed the S&P …
>> ... a settled debate. It was settled decades ago in the USA ... in 1825 Indiana.
>> I’m sure many MFOers agree with my opinion; ....
This is wonderful. You are Onion-level funny.
:D And that's a little tragic. I want to read all po…
I have owned BRUFX for years in a regular account. Bought into it when NAV was about $288 per share.
I thought there were some states that would not permit you to buy BRUFX?
That's correct. I'm in TX and lamented about it long, until someone not…
I wanted to add it is possible BRUFX Max DD data may not be correct while I do see it dropped a lot. Why do I say that? Look at WGRNX Max DD number. It says it is just 16. WGRNX dropped a whole lot in the 2008 crisis.
Bottom line, data MFO receivin…
I'm not sure I would wait for Smead to falter.....you could be waiting a very long time......of course, anything can happen
One thing I have learnt is to be patient. I'm okay if I never buy it in my lifetime. But no more buying fund and hoping for …
What made you get out of AKREX, Akre Focus fund?
I got out of AKREX because it was a great performer for me. I had lot of capital gains and I needed to sell something to offset loses elsewhere. Lack of manager succession planning decide me. I sold …
>> “One lesson of recent events is that sometimes doing everything legally permissible to maximize earnings does not create shareholder value.”
Good Lord, what a thing not to know, and then to say.
The real problem is people reading it and th…
Here is the info from the Wasatch Funds website:
WAEMX
Current Share Price (NAV): $2.43 as of 11/12/15
0.00% (Daily % Change)
I'm saying, I smell a rat.
So, did you sell anything or are you just kidding?
If the S&P dips next week, my WAG is that it will find some support
around 2031 area.
If you look at my other postings, you can already tell I have my own technical models through which I alloc…
If I hold a bond to maturity, I will get paid, right? We are saying maturity is way out there and asset is risky, so issuer may not come good? Why not? The government will bail out the issuer and investor will at least get principal back right?
