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.
I don't think you can compare this fund to the S&P.
If fund does not perform well in any given time period it is bird that cannot fly and deserves to be eaten. I think.
Ever since 2008, I have had no reason to patronize the big boys anymore. There are better choices out there. I use Schwab Bank and have no issues at all and no matter where I am I get good customer service. Credit unions are another option.
There …
@willmatt72, I wondered about that myself as I saw the charts of these two side by side. It looked like YAFFX took just as big of a hit as the other too but it would be hard to determine their holdings at that time period.
The periodic moment to…
Hi ron,
I try to look at funds that fellow posters favor. It seems this fund (AABPX) is somewhat interesting and is run by committee as I counted ninteen (19) fund managers assigned to it. In addition, it carries a four star rating by Morningstar…
Well, if all people want to do is Facebook and Angry birds, we shouldn't be surprised. I told a group of kids the other day you have two problems. One is you are taking the flaws from my generation - not understanding the difference between "can" an…
Guys, financial institutions are all the same. This is the price we pay to live in the real world. This is not about Chase. It could be just about any bank, and if you have any other expectations, you are kidding yourself. They will always skirt aro…
Sorry folks, but the government has this in the bag. Simply no way out. They tried, they lost. Best just get on with it. Cant win 'em all.
I would rather, berkowitz focus on his next 10 bagger. In fact, if he incessantly focuses on this loss is whe…
VF, I'm not seeing what you are apparently seeing. Seems like an okay article to me. Just giving some of the worst performing funds in poor performing sectors, small caps, commodities and EM bonds. I'm missing the Allianz mouth piece thing.
Anyway,…
Guys, first that article is claiming it is the REAL letter. Second if it is wasnt then we have to accept this is financial pron, if not pure fiction. Something we already know in our hearts and minds about the financial press, but keep clicking link…
I own cobyx. I am waiting for microsoft, coca cola anw walmart to implode and then cobyx will suddenly become risky. Then we will see articles connected with boxing regarding right and left hooks, how cook and bynum have lost it, and how sold fund r…
@vintagefreak:
Well when I bought the fund, it was concentrated, but not to this extent.
From Fairholme reports:
In Nov 2008, largest holding Pfizer 18.7%, next Sears 6%
Nov 2009, largest holding Sears 10.6%, Berkshire 10.1%
Nov 2010, larg…
In no particular order I sold OAKBX, DLTNX and WAEMX in the fund arena. In stocks I sold Softbank and added to Linn Energy and Apple.
Hmm...I was actually thinking of DCAing into OAKBX. WAEMX I have on hair trigger, and would roll over funds into SF…
This is unbelievable. We are making so many intelligent comments here, we should have known why we invested in FAIRX in the first place. No one can feel happy when fund drops 10% in a day. However, one cannot seriously suddenly forget why they bough…
I'm ratcheting down international/global exposure. CVLOX and PTHDX sells before carnage started helped. Of course I sold them for entirely different reason. Gotta go with your gut.
Well if you like FAIRX and Bruce Berkowitz, you should like them a LOT more today. And see it as a big opportunity to buy your favorite manager and fund at a large discount. That's the value investing way. But I'm not sensing this........Surely F…
And I thought this stuff only happened in China...
This is a little fuzzy.
AIG did stupid things. Government took tax payer money and bailed them out. AIG recovered, paid Government back. All that time investors gambled on AIG stock. They still ar…
VF, investors such as Berkowitz, Ackman,.. were suing in order to get the gov to restore dividend (or something along those lines). The gov won in this case and will keep all profits (for now, we shall see). so stocks got creamed. FAIRX owned mo…
Fannie Mae.
http://news.morningstar.com/all/ViewNews.aspx?article=/MW/TDJNMW20141001152_univ.xml
edit: Derp. I should read more posts...
What am i missing. If investor lawsuits were dismissed, WTF should the price drop? Isn't that good news for …
This is IMO the wrong time to make this statement. What the world needs to know right now is PIMCO is focused on managing its bond shop. They need to see its newly minted CIOs have $1M investments in their funds. Not open equity funds where managers…
I not only disagree with this Josh Brown, some of what he is saying is total BS. Take a look at the chart of PTTRX right after Gross made the call. There is a marked difference away from the aggregate bond index, but following that a marked differen…
Unlikely JC. After publicizing their "team", I don't see them doing that. Moreover, if they did do it, I think their credibility, such as it is today, will take a hit.
I think the press has had enough fodder. It is done. Everyone should just get o…
I think Bill is out to prove something. He doesn't really need to work. He needn't have stayed at PIMCO till he was 70 anyways. Anywhere he goes, we need to know people already there supplant him when he does retire. Janus bond managers are actually…
Tactical or Strategic, I don't think PIMCO had an option. First, they shouldn't have made it obvious to Gross they would be firing him. They should have had more sense. Second, they already moved toward the "invest by committee" approach, so they w…
It's really very simple - if you're a new retail investor, and you don't want to pay a load, you'll buy T shares. End of story.
Odd that the expense ratio on the loaded A shares is the same as the no load T shares.
Not really that odd. The …
As I mentionedelsewhere, I can't even logon to 401k site this morning. This is not over yet. Assets will flee PIMCO. Not sure all of them go to Janus though. The Janus fund has to go into 401k plans first. Also large institutional investors will not…
I'm trying to access 401k site and getting network errors. I think a lot of people are going to pull PTTRX down in their 401ks. It is a staple in most 401ks. The website must be overwhelmed.
I think people have let things settle in and decided, PTT…
There are multiple reasons I don't buy stock. I don't have time during the day. I don't trust numbers reported by companies. I want to find managers who are lucky than good and have some inside information (mostly called as research...BS!!!), which…
OMG. Russia will withdraw from Ukraine. Sanctions will be lifted. There's money to be made here people. Who wants to fight now.
OIL has saved the day. We fight wars for OIL. Now we will stop fighting for OIL. Take that Climate Changeologists. It is…
I propose a global meeting of mutual fund companies to institute a coordinated effort to reduce over time the number of funds worldwide. This would be similar to the strategic weapons reduction agreements negotiated among nations.
Rather than read…
