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.
The only thing one needs to understand about CGMFX right now is manager age which is well into his 70s. Might be nearing 80s. If you own it is one thing. If you are buying new position, you are crazy.
If there was ever a fund that's the manager, …
If you believe, as MFLDX manager Michael Arronstein does, that the Fed has screwed up again and that we are overdue for a correction, or even if you do not agree, the fund is designed to be a contrary holding. There are times it will underperform (…
I'm not fond of that 2.25% front load on LALDX.
Coincidently, American Century has two funds opening in a week. Strategic Income and Short Duration Strategic Income. I can get in at the open. I'm waiting on the prospectus at the moment.
I'm not t…
I use Janus for trading. Payback time. I keep doing it to get 1% here, 2% there. I'm have had excellent luck. I use their allocation / balanced / income funds and keep moving in and out.
I will NEVER forgive Janus.
Well done VF.
I'm not so sure. Sarcasm seems to be lost on most people. Mr. Einstein was given a Nobel Prize. Maybe we can figure what to award to give Mr. Linkenstein. Spammel award at best. The problem we have been facing some time now is not und…
Thanks a bunch rjb. But if you look at the numbers for RPHYX you will also see high numbers against BB and B. Now obviously the duration for RPHYX may be much smaller. It is only when I saw that I was intrigued and wanted to know if the similarity s…
@VintageFreak: Investing 101 classes begin this fall, I'll let you know the dates. First session, admitting when you make an investment mistake buy not selling.
Regards,
Ted
I renew my call to have an "Ignore" feature added to MFO. One setting to …
Thanks for cheering me up guys. For now I am sticking with all things Champlain. Hey I am sticking with Hussman too. There are certain things that go beyond numbers.
Also dare I repeat something that entirely no one pays attention too? When you buy…
Here's another thing companies big and small are doing that's crooked. Regardless of whether there is a vesting period, they hold back company contributions until the end of the year. So if you leave your job in December you do not get the company m…
Maurice, Old_Joe, my point is if one fills a form, sends in some documentation, whatever proving who one is, they HAVE to engage.
Some things in life are stupid. We just have to accept and bypass them. The situation poster is describing is getting …
Sorry but she's your legally wedded wife she can file form giving you control and they HAVE to talk to you. If spouse with account dies, what happens. They can't talk to you? Ridiculous.
Do you think my better half even knows what's in her 401k? I …
This is not about Ted. Buying actively managed fund and questioning cash position makes no sense. Especially when manager is actually yelling from rooftops that's exactly what he might do from time to time. There are always index funds. Buy them.
Not seeing the problem. I one fund say I put 10K and put 5K in the bank. Or I put 15K in FPACX. What's the difference?
I own ARIVX too and I have absolutely no problem with their cash position. When I buy these funds I buy knowing what I'm buying. …
Do you see any "ads" on M* for DoubleLine? Just wait...the situation will resolve itself when both parties realize it is bad business for them. What's really happened is that executives on both sides haven't yet had chance to visit Las Vegas and pla…
Very sad news indeed. I believe the gent was young.
On the other hand investors need to take manager succession issue seriously or need to be aware what fund they are buying. I own funds from boutique funds and am always prepared for anything.
On…
The real issue is we don't seem to have a SINGLE fund family who does NOT want to be rated by M*. I will be mighty pleased to see a comment by fund manager who says "We don't manage our fund so it can be classified / rated by M*". That'll show some …
VintageFreak,
“I read such articles, keep diversified portfolio, sell if market drops
10 percent, then buy back if market crosses previous high.”
What?
Using SPY (the ETF for the S&P 500 Index).
The high in late 2007 was 155.75.
It dropped &…
Yes. of course. On the flip side, there does not seem to be adequate bad news, so we can ignore articles such as the above. The nature of some businesses like media publishing is that they have to keep trolling out some tripe all the time. If you fl…
The problem is he has been saying it for like 50 years !!!
Just like I keep telling my wife one day I will grow hair. I really will one day I'm sure of it. IT is just that it when it does happen I will not find my comb.
So time will tell. One stat…
PMHDX manager at least owns a lot of this fund. And being a L/S fund and STILL owning so much of it is a good thing.
I'm still not able to get over Gudefin manager not owning her fund. To me that's like saying Steven Romick not owning FPACX shares.…
Read my lips. House is NOT an investment. Certainly not the one you live in. If you truly think it is an investment, then buy another and rent it out and pray real estate does not tank.
Whoever is saying house one lives in is an investment IMHO des…
I think chances are now high for a market correction of 60%. I think next buying opportunity is 2017.
Lest anyone asks I have right to pull out stuff from my behind just like anyone else. I can point to S&P 500 returns for last 5 years and say …
Actually Max DD to me is very important. Especially for 10-15 year old funds who have gone through few market cycles. It tells a lot about the manager.
Some like Schwab report Upside Capture and Downside Capture. Not quite sure how they capture tha…
It matters. it is not OT. How much money Gundlach has in his funds we will never know because of the way fund ownership is reported in SAI. How many millions is he spending on the NFL team? If he is spending more on NFL team than in his funds, stand…
Completely agree. One reason I never invested in LMVTX because Bill Miller was buying $70 million yacht and not disclosing how much he has in his fund.
Of all the stupid regulations...managers should be made to disclose EXACT amount of their holdin…
Sorry people. Anyone buying ARIVX knows how Cinnamond invests. Unless of course one did not do one's homework. ICMAX which Cinnamond also managed is run in the same way. Check out the cash stake in that one.
Finally we should not complain about how…
These guys have lot of funds. They must have some real heavy investors lined up. Right now I'm trying to figure out if its all BS or for real.
Maybe Mr. Snowball has some clues to offer on this fund shop.
One thing they do not tout on their websi…
I wonder just how big a crash he is waiting for? In 2011 small value dropped over 20% and he didn't bite. Market timing is hard to do.
Then invest in index fund :)
So this is what I'm reading.
At the time everyone was touting short term bonds with their reasoning, there is no evidence this gentleman said anything. Few years later if things did not work out that way he is writing "I told you so". Why did he no…
"These days known as cash position." LOL. True!
I am unconvinced that these alternative strategy fund of funds are robust against the next cyclical bear market. Personally, I would be interested in a volatility strategy. Extremely cheap right now. …
