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.
Our buddy, Vintage Freak, paints a dismally dark and uncompromisingly bleak portrait of the “Average Investor’s” investment acumen. Initially, his representative caricature has a moderately conservative investment approach. Unfortunately, he abandon…
It is brain drain. I believe same thing was happening in India last century. As china becomes less of a democratic dictatorship, the situation should reverse.
The notion that only the corrupt can become extremely rich needs to come of their psyche…
I think it is common knowledge I have stopped thinking that way long time back. I am gravitating from market risk to manager risk. In taxable accounts when I feel like investing I add to managers I "know". In 401ks I use index funds. In IRA I have a…
Also see:
FAYEZ SAROFIM & CO: Investing in Quality Companies
https://www.sarofim.com/assets/white papers/sarofim-quality-white-paper-2014.pdf
[Manager of Dreyfus Appreciation Fund]
Fayez Sarofim is a ginormous holder of Kinder Morgan shares …
VF, you're right in alignment with Harry Dent.
Harry Dent is very public with his forecast of Dow 6000 by the end of 2015.
I haven't done the math, but that's probably in line with the 60% correction you mentioned above.
Harrrrummmmppphhhhh! I am…
It is marketing. To me it just means "different" than AMCO Mid Cap Growth. MoJo Strategic Map Growth means they have a strategy. That strategy is to charge you higher ER while underperforming those funds that allegedly do not have any strategy. Or a…
I will tell you why average investor has lagged. It is because average investor does not invest lumpsum and hold on for dear life for 20 years. This is what happens to average investor.
Average investor is told to DCA. So he starts DCAing at Y-20. …
Yes I own Hussman. I'm not happy about it but I own Hussman. I own him because I don't think he is wrong in his reasoning. I'm not happy because he screwed up his hedging and lost money. Hedging should yield flat returns not substantially negative …
I am thinking this event could be signaling a high for the markets.
Why do we need Faber, Grantham, Hussman, etc.? You have me.
60% correction is coming, buying opportunity in 2017.
I am the Vintage Freak and I approve this message.
Keep in mind, that's real-return, so they are assuming something like 2.5% inflation. Which means something around -1.5 to -2% a year going forward.
Still need substantially sized cajones to make the call ANY mainstream asset class is going to on …
I'm going to need a hearing aid or aids in the near future so I have been researching the subject.
Don't say that!
Sometimes I wonder if I'll be happy if I can hear and see less. So much nonsense in this world. I'm going to start pretending I can…
The word "alternative" is so vague. MASNX is classified as "Multialternative". Why? Because assets split between multiple stock and bond managers.
I think this word was coined by MF industry, M*, both in cahoots so MFs can pretend they are offering…
I have 3 questions
1) Succession Planning
2) Succession Planning
3) Succession Planning
In his previous charge he trained his analysts how to manage fund (whatever that means) and they were lured back by FBR (now Hennessey). Now he again has comana…
I purchased RSIVX based on the very favorable write-up it got from MFO in January. I'm retired and have placed money in this fund to balance some of my equity holdings. Should I move to a better fund? What conservative income funds would you reco…
Personally I think ANY system is better than lc, mc, sc, intl / 40, 20, 20, 20 tripe. Another thing it does it make people understand it is not all about comparing your performance against some index and trashing other people's opinions looking at 3…
Hey guys! Managed to find Internet on the beach. My brother who thinks his lil brother lost it a long time back, never invests in mutual funds. However thanks to this board and after I recommended RPHYX and RSIVX - the only funds he owns besides bun…
I think we need Mr. Snowball's help. For now read here.
http://ironfunds.com/pages/about-us/riskmanagement
They are doing hedging which if done properly might explain things
Perhaps I am ignorant but what would be the benefit of such a fund structure?
It certainly seems that in its present incarnation, just having one low cost high yield bond index fund would accomplish about the same thing as that pack of high yield …
All right then. Another investor simply famous for being famous. Managed endowments for Universities. We hear that an automatically assume he must be good. Too many of such managers in the last quarter of last century had stellar returns managing en…
You had to ask :)
Whitebox and Hussman.
This is a good time to note which of your fund are truly "long/short" or "market neutral" or "tactical allocation" or "absolute return". It is days like today that confirm once for all whether a fund is real…
rjb112-
You have this right. I would refine your opinion by saying its his performance from 2010 on that was bad. Given his approach, it was his execution of the hedging, not the timing of it, that led to his unacceptable negative returns.
Executio…
Err...you saying someone on CNBC trying to crash Argentina? I can totally believe it. Just asking because do not see any link or anything in your post.
The only way the question makes sense is if you add...AND available to individual investors from fund marketplaces with load waived.
I used to think CVLOX was a good one. Contemplating...
Initiated position in FEBAX
Own BAEIX and BOPAX
Then there …
I had bought into EVGBX at one point, but also sold quite a while back. Something just didn't feel right about this fund. Of course, that's totally unscientific. And something else happened. I found PTHDX.
Irony is PTHDX is my sell candidate for th…
Please read lets start a lemonae stand on hussman website. There is a difference between being wrong and losing money. Yes he has lost money, but i dont think he is wrong. Or maybe two thirds of what he earns going to charity has something to do wit…
I think the only thing investorz should be concernex about is the next 5 years in this fund. I would sell 1nd i think it would be the right thing to do
There were simply too many great (sic) managers during the 90s who could outperform, and quite a few of them did so at the fund complex level by simply buying and bidding up the same stocks across multiple funds. To some extent even royce did someth…
Jpvdx. Imho their best fund
Btw why is their alternative strategies fund a best fund? It does not have much of a recordand even that is not that good. Manager do own their fund thiugh which is god to see.
