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.
We need someone to publish the results for the past 50 years. $100 became $11 from 1929 to 1932. From that point on needed 800% return to get back to $100.
I'm all for Technical ANALysis, but over such long periods of time they are off little pract…
Frankly I was worried if this was a Madoff like situation. Not sure if David called the fund. I'm thinking I will call and figure out what's happening with this fund.
And assets are not too shappy at around $35M. I mean see some other funds like BR…
I'm selling something I want to own because I have gains in it. As I have explained I need to get capital losses off my books.
However, forget that for a second. If I wanted to plonk some money down right now, I need to decide between SEQUX and GO…
This is the best news I have heard all year. Anyone but Summers. And no, we don't want Geithner either, so good he does not "want" to be Fed.
Why can't we get Volcker back? After all he was "advising" Obama right?
My fund reduction plan is going strong. This is a fund swap plan :)
As I said I will buy MXXVX but by that time I will have got out of many more funds...
And there is another advantage of SEQUX. I can buy / manage online.
But I see GOODX has been …
I'm not so sure. Maybe one should look at absolute returns and not target an index. I believe I read it on some all cap fund website but forget which...
In order to beat an index you must refrain from looking like one
IF someone predicted the financial crisis, THAT is a prediction. I'm sure people did. I'm sure those people did not get their due then, and maybe not even now.
Actually for all the noise made about diversifying portfolios, everyone is so fickle in their category assignments. One brokerage is telling me 35% of my portfolio is "Other". Funds like ICMAX, ICMBX, ICMCX, GPGOX, WASYX, LCORX, OAKBX, OAKGX, OAKWX…
I think it is simply selling puts and therefore making money when they don't have to deliver the stock. So it will always stay cash. Even when they are forced to buy at higher price, they will seek to get out of the position ASAP offsetting loss wit…
Hmmm...did pigs start flying? This is really quite surprising, but I'm not holding my breath. It is only money that talks. Like institutional shares costing lower ER. You could say in a way performance based fees - Bridgeway takes it to the extreme …
Reply to @Desota: I'm not disrespecting anyone. I'm simply saying making claims you don't have to suffer consequences off shouldn't be made. If I knew Birinyi had substantial assets, say 60% of his net worth in S&P 500, I would put him on a pede…
Not available at brokerage, but then no 12b-1 fee and manager does own shares. Is 100% cash right now which is interesting as is the "objective" which lists income over growth.
I just wish people stopped using "risk" in fund name. After AQR it has …
Manning & Napier couldn't garner enough assets in a life science fund when healthcare funds are having a field day. Makes one wonder about credibility. I've always been on the fence on Manning & Napier. At times seems like a TRP sort of sho…
Not revealing complete research? Then why reveal anything. They are in money management business. Just manage money. I think there should be laws. If you manage money, just manage money.
Just like investment banking and money center banking cannot …
Okay. Vintage Freak says S&P 500 goes to 2100. Now who's going to make me famous?
!@#$%^&*
These guys suffer no repercussions if they are wrong. They can always blame someone else and provide a thesis if their target is not met. And by mi…
Reply to @scott: Not sure I understand your reply. I was merely stating funds categorized as L/S by M* not always L/S. FVALX, CGMFX, JORDX, BULLX all hedge using options. Sometimes M* says it is L/S some times it does not.
I am simply saying look …
I think ticker is SMVLX
By the way first time I heard value manager making bullish market calls like, "we are 3rd inning of 9 year bull market". Hope Smead's "value" is not like Legg Mason's or should I say Miller's "value".
I say no unless you are close to retirement. For everyone else there is Master Card.
No....what I mean is, count on SS like you count on a bonus. Sure you rely on getting it while you are dreaming of buying a new car. When it always does not come t…
Reply to @Art: Well that's we trust active management. I guess "balanced fund" has connotation mandate is to hold (say) 60% stocks and 40% bonds. I'm as guilty as anyone relying on M* classification for a fund.
By way of example, compared to FMLSX…
Reply to @MikeM2: Yes, but to me FMLSX behaves more like a balanced fund. It's hardly ever truly short, so I'm a little skeptical. Cannot beat the ER though.
Now they are just pissing me off. For the funds that have not screwed up, they have put up commentary, e.g. Diversified Arbitrage and for Managed Futures
However for ARCNX and AQRNX...nope. I hope they are not simply in damage control mode. My pati…
I used to own MFLDX but sold when they sold it to other company. Didn't want the uncertainty. With $14 billion in assets - large enough to manager for normal equity funds - I think one has to watch this one carefully.
Reply to @ducrow: Sure. Since I don't plan on paying transaction fee for WBMIX, I'm going to hold off on WBMAX investment until I see SAI showing some manager investment. The last SAI is dated October 2012, so managers had like 6 months to invest in…
Great! Now you tell us :P
However, how did you get past the transaction fee? In any case, when I look at SAI, I see this.
The following table shows the dollar range each portfolio manager owns of the Fund(s) which they manage, as of October 31, 20…
Reply to @Investor: iPad 1 OS does not update beyond 5.x.y. not sure what the x and y's are. Now if you are saying MFO needs iOS 6 or something, then...
Reply to @msf: Then how in heaven's name did ducrow invest in WBMIX? Doo not mean to insult ducrow by saying he cannot be a millionaire, but seems unlikely he has that much in the fund.
Reply to @OregonDan: Well, then Herro is saying he doesn't have faith in domestic managers @ Oakmark. He runs OAKWX with Nygren for god's sake. Why not invest $6M there?
