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.
Wait a second? How many DOW theory signals are there how many people are allowed to claim knowledge in them? I thought classic DOW theory signal happened fews weeks/months back when the Industrials and the Transports diverged, and then confirmed wit…
Added FPACX, that I reduced significantly some time ago. Hope the fund will start buying at last after this correction.
This is a wonderful idea I think. I will likely do the same this weekend. Add to all my FPA holdings.
Buying cheap wine :)
Two thumbs up on that sentiment. Trader Joe's used to have a 2 buck chuck, but I think it recently became like $3.50 and they chucked quality a bit.
$8 or less for Columbia Crest Merlot, you can't go wrong. JMHO
"Would you bottom fish with a Growth Fund or a Value fund?"
OK, I'll play: "Yes!"
Okay I had a boss who did that to me. You are not as clueless I'm sure :-P
I use to ask him. "Do you want me to do the job THIS way OR THAT way". There are only two …
As long as enough number of funds are started at the "right" time, previous bad records if any can be merged away into newer funds started at the "right" time. Let me go out on a limb here and say all the NEW GP funds will have stellar 5 year record…
Well guys, I'm looking for scientific opinion :-)
My personal opinion is there will be World War in 2025 and then it does not matter what I invest in.
Come on guys! So many jokers are saying this/that about this market, calling bottoms and tops an…
I am watching Monday - all the worried people dumping stuff. If it happens, well, I have a short list that I didn't buy 2009. I am 75...must be nuts.
best, hawk, the incorrigible...uh...so-called investor.
You are not nuts, you are happy :)
Don't panic
Don't be complacent
Does this mean do nothing? I don't think so. If you do nothing, then you only doom yourself to either becoming complacent or panicking in future.
You do something. I did. Sold a bit here, there, and everywhere. Now…
Much as I don't like it ARTYX may have luck on its side. Its 40% in cash. I'm sure manager can quickly get out of his positions he is in given asset are low. His numbers might start looking pretty good when market starts turning around.
I didn't ha…
Okay, I may be confused in various different ways, but I dunno what you are talking about. Just look at the graph.
Overvalued to me means "don't buy". Undervalued means "buy". If you look at that chart when it crosses over from one side to the oth…
"Do what I say, not do what I do" :D
Grantham "right" about many turns in the market, but he himself did not have conviction in his research? If he did, he would have made more money for investors.
Not disrespecting Grantham. Just saying writing re…
I was studying the graphs. They seem to be counterintuitive. Just take a look. When graph falls below the line, it seems to be good sell indicator and vice versa.
Another way of saying, once market starts getting overvalued, get in and stay in unti…
I have a set of "high conviction funds" I own. This doesn't mean I have high conviction in the manager. It means managers have high conviction. It is that sleeve of my money which I would use to buy stocks but don't. FAIRX, COBYX, ARIVX fall in this…
Okay so if I have a Visa I don't have to get Costco Visa right? I mean I may not get cash back without Costco Visa, but I can still pay using any Visa. Is this correct?
@JohnChisum - This is seriously far from the crappiest discussion on MFO. There are a lot of "Single Posts" most of which can be deleted.
Live and Let Live.
definitely sell a little of what you are thinking and buy a little of what you are wanting. help you sleep and at worst, you didn't really do much but maybe have a tax loss to boot in the process, which never hurts.
Jesus. If you know about how things have gone for her, you would know she has hardly been able to profit from anything. And of course comments like P'head's make abundantly clear why she might feel as if she cannot catch a break decades later. You m…
As I recall @David_Snowball said something about three bad years in a row being a good indicator that things weren't going to come back. But it seems to me that the fund is performing as advertised. As is RWGFX.
Please clarify if you mean both funds…
Seriously guys. Many cards are giving 3%, 2%, 1% on this, that, other. In fact one MC, Visa, Discover all do that. I for one am going to be happy with one less CC. I had Amex only because it was the only CC Costco accepted.
What I am more intereste…
I'm trying to think if Monica is any more qualified to address Financial Advisors than Bristol is to advise teens on abstinence.
Coming soon to a college near you. B.A. in Speaking Engagements. How to create controversy in your life and then profit…
This is actually a good reason to own "many" funds. YAFFX is a focused fund. If you have 10% of your Portfolio in it, I can understand the need to sell. I have 3% of my IRA in it, well less now. I'm keeping it.
pondering selling whitebox market neutral. not sucking as much as whitebox tactical opportunity, but something seems broken at whitebox. one hussman in my life to take chance on is enough, and then whitebox is referring to hussman in its quarterly r…
Next crash. GROW goes to $0.25. Buy, sell at $2.50. That's my plan. Of course it would mean I buy a stock after like forever. And I have a history of buying stocks of companies that go bankrupt. But hey, if I don't bind it, maybe someone will and th…
It is going to be a comedy show. Ben Carson might occasionally interrupt the Comedy I'm thinking. Just occasionally, because I don't think he is going to get much screen time. And if someone puts a fan behind Trump's hairdo, I don't think anyone els…
@LewisBraham. Would you say Artisan is an exception to that last rule, or too soon to tell?
I have been a great Artisan fan, but less so since it became public. It is really very simple. When you are a privately owned company, the amount of money y…
I actually try and go one step further. It is not just about manager investment. It is about having SKIN in the game. It is not necessarily the same thing.
For instance...
Bill Miller having $1M in LMVTX and buying $70M yacht is NOT Skin in the Gam…
I see if manager has skin in the game. If he doesn't I will not buy the fund. PERIOD. The only exception is Index funds.
If I own an actively managed fund and manager sells his stake, I follow him out. No one went broke paying taxes. If I'm that go…
