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.
Bah! I just buy many concentrated growth portfolios.
Besides, do I need JP Morgan to tell me investing in 1 stock has higher risk than investing in 10? I don't need to hear this to invest in anyone's index hugging active managed fund with 200 stock…
The way I look at it, if this guy with his crystal ball (I'm being kind) was not getting paid, then unemployment would be higher. So I guess for the greater good of society I should do some charity and click on that link. However, I guess because I'…
This is no mystery. Investment Banks such as Goldman Sachs and Co. marketed such tripe including CDOs to Pension funds all over the country. They wined and dined people and explained to them the merits of diworsfication. That's why Calpers and other…
Sorry to digress, but can someone please tell what the claim to fame is for El Erian. So he presided over a golden (sic) period for the Harvard Endowment in a bull market. Big Deal.
What else? He got anointed king and we all listen to him? Now he i…
In my experience E*Trade has been the worse brokerage. Next worse is Ameritrade. Followed by Merrill Lynch. I'm not going to even talk about E*Trade and Ameritrade. Too painful.
Merrill Lynch needs to get their portfolio positions screen right. I'v…
reality check on long/short funds people are looking to protect them. quite of the few of them have simply been long and therefore kicking butt in their category.
Take a look at PMHDX. Buyer Beware.
Both Whitebox funds up.
Funds & Strategies I've looked at include:
RNOTX, RNDLX, ARTFX - because we're young and while these might be volatile/riskier thats fine.
OSTIX, EVBAX - why make allocation decisions myself when these guys look like they do it well.
FTBFX - the…
Seriously, I think that you and I have a lot of common ground with respect to government overreach. The very idea that a communications company can be threatened with a $250k per day penalty for not turning over client traffic, and is not allowed to…
@Desota: Don't worry, I got your back on this one. The next crusader that get on their soap box can look foward to this.
Regards,
Ted
1. Editing MJG messages.
2. Checking to make sure Vintage Freak is not over medicated.
3. Reminding David Sno…
I hold a larger position in this fund and established it almost at its inception. I understand the reason holding large cash position, and also understand that we should consider this fund as a conservative allocation fund with cash as the other alt…
AMG has completed River Road Acquisition. I voted against it, but of course that was never going to make any difference since these things are formalities. Guessing fund will now become Aston / AMG River Road Independent Value. Or is it AMG Aston /…
The point is if some holdings bought by a fund at an (average high) price, never make those highs again after dropping in a bear market, each of such holdings would need a corresponding holding that DID cross that high by an equal amount for the fu…
The real issue is not whether Pioneer is making legit argument in the interest of investors, or whether it is simply marketing propaganda, since of course they have funds matching what they are "making a case" for.
The real issue is are they actua…
I don't know why we are complicating this.
Microsoft goes down 50%, Goes up 100%. Back to square one. Volatility High. NOT RISK.
Enron goes down 50%. Goes down another 50%. Goes down another 50%. Goes Bankrupt. Volatility High. Permanent Loss of …
Did Ritholtz ask the same question when he posted the cartoon on his site?
Furthermore, if we are LINKING into MFO using an < IMG > tag, that makes the cartoon appear in the post, is not the same thing as grabbing the picture, storing on one's…
"However I think this has been said before"
Is there actually anything that "hasn't been said before"?? :-)
That made me think :) And the answer is yes. I don't think I've heard or read what you just said before!!!
Risk = Permanent Loss Of Capital. "Permanent" based on one's time horizon. Max Drawdown and Rolling Returns should rule.
However I think this has been said before about volatility and risk not being the same. A certain bald person has also said it …
I have tried some other portfolio analysis tools and came up with the same kind of results. Some funds are "other" when the tool doesn't have the classification it needs. ARYVX (Global Real Estate) is a usual culprit. They probably work well if yo…
Yes, and that's the main reason that I try to stay away from such products if I can.
:) You are right. I don't really use my iPhone for anything than making calls. I do use it for emails but that's about it. People are finding it hard to distinguis…
That is strange indeed. I thought all phone carriers were moving away from 2 year plans, gravitating users toward family shared plans, and making customers purchase phones.
All it would take is a bear market though and 99 cent phones with 2 year pl…
@rjb. It is not about what I want or not want. Lot of funds have "cash" position in treasuries. And M* needs to be consistent. When it comes to FPIVX, also it owns treasuries. e.g.
SHORT-TERM INVESTMENTS — 37.6% (Cost $39,856,033)
State Street Bank…
"lazy example of investment research" or "example of lazy investment research"? Maybe it's time that I started smoking...
You can either try and understand what I'm saying or understand why I'm trying so hard. Besides you never know with smoking. IT…
So is the idea to keep each fund small so the fees remain high, then open a new fund every so often? I hope they will be like Wasatch and reduce fees.
I'm not sure about "being like wasatch". The 10 year charts of lot of their funds do not look too…
Hi Junkster,
I thought that it was interesting that they classified even Buy and Hold as a form of market timing. Go figure.
First of all let's not call it Market Timing. This phrase has been bastardized no end. Timing the Market is not same thing…
I own ARIVX
I own ICMAX
I own FPIVX
All high cash stakes.
I want to own future outperformers, not current outperformers. This is not about "conservative allocation fund". Buy the manager, not the fund. Will I time the market? Or will I let my mana…
According to the website, that move is good until 9/14.
Too short term for me. Why Latin America? Too many questions.
Well, I think they always disclose 1 week at a time, then either renew it, or change. If their history is to be believed, they …
Kinda defeats the purpose don't you think? They leave Wasatch because they don't want to worry about Asset bloat. Then launch 7 funds. They could have just had 2 with more assets.
However, they timed it perfectly. I keep mentioning "when" vs "what…
Long story, but worth a read on this subject:
http://www.rollingstone.com/politics/news/looting-main-street-20100331
I so wanted to be wrong on this one, and that article is 4 years old...
I guess "advisors" cannot every be sued for bad advice. In…
Everyone believes pensions invest money in a conservative and prudent manner. Not likely.
http://mobile.bloomberg.com/news/2014-09-04/secret-network-connects-harvard-money-to-payday-loans.html
You know something JC, loansharking may not be conserv…
I wouldn't put it past Investment Banks to convince endowments and pension funds to buy exotic assets for the sake of "diversification". In fact, I'm so sure of it, any evidence to the contrary I will not even believe.
People managing those asset…
a 2.00% management fee and a 3.2% expense ratiod.
Run away...
Professor Greenblat has been absorbed by the dark side.
c
:) true. Then again L/S funds don't exactly come cheap. Actually I don't care about THIS new fund. Gotham has some other funds…
JC, frankly "News Channel" has become an oxymoron. CNBC I'm not sure is a news channel in the real or imaginary sense of the words. Then again, CNN is a bunch of Standup Comedians, and once in a while we actually find someone hilarious.
There was …
I don't think any "distinguished MFO'er" did not appreciate the advantages of an allocation plan, or that it should have equally weighted components.
The problem he might have had is why does someone have to open a 7Twelve gas station, when we alr…
