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.
Honestly I don't care. Everyone pays the 12b-1 fee. Might as well own at brokerage. In fact if fund charges 12b-1 fee AND makes be buy directly I would have a problem.
PS. Please don't be hasty telling me I'm doing that for any of my funds. I wil…
@bee. It is not about him being a quack. It is about us swallowing what he is doling. I still don't see ANYTHING about his 7Twelve portfolio. If he is simply going to use past performance of some allocation and use percentage returns, then his havin…
I am always happy when someone does NOT define volatility as risk. Useful read. I have been thinking of investing in RNOTX, but didn't want another like RNDLX which seems to have the same objective using Marks instead of Gundlach.
Marks remains inv…
Hi bee,
Do you have any other reference as to why this is a more sound way to balance a portfolio. All I saw in that article is how a set of allocations performed in the past against others. Forgive me, but one can simply tweak the asset allocation…
I am always happy when someone does NOT define volatility as risk. Useful read. I have been thinking of investing in RNOTX, but didn't want another like RNDLX which seems to have the same objective using Marks instead of Gundlach.
How many investors look at the directors pay before putting money in a fund? Zero.
Not sure what the purpose of this story is.
This is what I tell people I manage at work. "You cannot control other people's behavior, but you can control yours"
W…
It is unrealistic to expect shareholders to "elect" trustees for their mutual funds. First, investors do not own ALL funds at a shop, so they shouldn't be allowed to select trustees that oversee all funds at shops with multiple funds. It is an idea…
Stop investing in MM funds altogether? What nonsense? Someone in retirement does not want all his money in stocks/bonds. If he is raising his "cash" stake does not mean he is "invested" in MM funds. It is because one does not want to risk all capita…
@VintageFreak.
Me too. My very first screening criteria was to look at min return over any rolling 3 year period.
But I think you are right that 5 and perhaps even 7 may better capture cycle for more patient investors.
Perhaps could start making …
@VintageFreak
re drywall hole: The existing ceiling drywall (sheetrock) is either nailed or screwed to the ceiling joists. Ceiling joists are long pieces of lumber which span the distance from wall to wall, supporting the ceiling (and if a multi-st…
Instructables is a pretty damn useful site
Repairing a hole in the wall
Hmmm... I have done small holes that way. I have big square hole in drywall in ceiling that was used to diagnose a non existing :( leak. I think I need to measure then purchase …
@ VintageFreak Index funds may be the answer to your dilemma (not the drywall one)
Not sure I had any dilemma, but as I have said many times I do use index and balanced funds primarily in my retirement accounts.
@VintageFreak.
...rolling returns over X years...
What is highest X you think is of interest?
10, 15...20?
Let me know.
Thanks, c
Actually I think lower numbers are useful.
3 would show how fund does across typical 50% declines
5 would show in…
The only way to punish hackers is for someone to hack the cloud and post naked pictures of everyone at MFO. That's teach hackers not to hack the cloud.
I wasn't aware people took nude photos :P
Seriously though, I have no sympathy for anyone who uses "free" service on the internet and expects privacy.
How many dog-lovers out there? How many chose THAT question as a Security Question for your bank…
It is a very long article, I will try read it. However for now
Not sure I quite understand how this indicator is constructed. It would seem impossible to me that the %13-week high would ever be below the %52-week high. If anyone has an enlightening…
" some folks like turkey", yes and some like to eat crow
Happy Labor Day
Ted
No one likes to eat crow. Some people have to. And then there are some who don't know what that means or how to give thanks.
What I really need is a website that calculates rolling returns over X years. How many times have we "waited" long enough for a fund to get a good 5 year record because we do not want to simply buy on 1 year numbers? Only to find 2 years later the 5…
Question ? What does 90% cash + only four common stock and S&P 500 Puts, in a bull market = it equals the 99 Percentile that's what. This fund is a turkey!
Happy Labor Day,
Ted
http://performance.morningstar.com/fund/performance-return.action?…
Moving away from the fund of funds concept might be a better strategy. Causeway doesn't have that many funds to start with.
Hmm...I didn't view CIOVX like that. I mean not like a traditional fund of funds. Are we saying I should expect hefty capita…
My "alternative" (sic) fund owns: Stocks, Bonds, Options, Derivatives (in various forms), Preferred Stocks, Debentures, Swaps....and that is quite enough because if I knew more I would be managing my own money.
During the dot com boom did most peop…
M* app for iPhone should be removed on first priniciples.
Thinking their iPad app may be better, but then on the iPad I don't understand why you really need an app since you have sufficient screen real estate.
@VintageFreak You've made that point before. I was responding to your statement All the intelligence I need is on MFO.
To me that includes links and discussion. No need to be hostile.
Hostile? We can have our own opinions. We can't make up our own f…
I think my opinion on "Investment Advisor" occupation is well documented. This profession needs to disappear. Certain things need to be done by oneself, or not done at all. We are not talking about performing open heart surgery on our friend here.
…
He had a great record at Nuveen and I like managers who "earn" their money by having broad mandates that they utilize successfully. I don't have an account at Schwab and I have never bought a fund with a front-end load and hopefully never will. Bu…
And while I'm certainly not in the business of recommending funds I think I figured out that Schwab offers this fund with the load waived, TD Ameritrade and Fidelity don't and its not available at E*Trade. I didn't check any others.
Thanks LLJB. I …
I thought Robert Arnott had the argument on using fundamental indexing in the bag long time back. Maybe I'm missing something.
What is original about this "research" (sic). They searched it twice on google (i.e "RE" search) and then decided to eq…
Sorry, it reads like a mass of gigantic equivocations to me.......
I cannot fault your conclusion. However I'm admittedly bond challenged, and while I may not be smart enough to understand the conclusions, it just educated me on bonds
Again, we read a story. There is no insight to be gained from this articles.
How would one have done if they had bought and sold gold at its highs and lows?
How would one have done if they had bought and sold oil at its highs and lows?
How many br…
"If the market has proven nothing else in 2014, it’s that nothing in economic theory or stock-market history or recent memory should lead you to believe that anyone can predict the future accurately."
Yes, we know that already. What is the point of …
