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Can't find SAI on website. So can't verify manager investment. Pass.
You like Dundee, watch Crocodile Dundee, drink J.W. Dundee Honey Lager. Best kind of Done Deal. I mean Dun Dee. I mean it is Friday and I'm on my 2nd, so kindly laugh.
I think Vanguard does the "easy" stuff well. They start doing the "hard" stuff, they will start messing up. Worse they will become like OTHER fund shops. I think Vanguard and TRP are in their own happy place, and I think its a win for investors. Fid…
NOW they figured this out. They were essentially same but their Equity Selections I thought were based on two different strategies. Seems to me they are abandoning one strategy...
Come on folks. We all like our managers to be lucky and don't care if they are not good. Never a problem as long we recognize whose funds we are trading and whose we are not.
Now I will start worrying. M* wrote up about one of my favorite fund I've held for so long. As fate would have it, this was on my sells for profit harvesting. Then markets started tanking and I held of repurchasing. I will wait, watch, DCA back in
It is one of those things. I like my managers eating their own cooking. One can never ascertain whether that improves performance of fund, but I want it. I NEED it.
Similarly I NEED my managers to manage my money. Their job does not include them co…
Bankers now have reputation tarnishing them like Lawyers and Car Salesmen. Stereotyped Rascals. It is no small wonder people still enter those professions. I guess the money is good.
I think as the Healthcare debate rages on, we will find more joke…
I think Scott has hit upon something. Manager starts blabbing too much on CNBC maybe a sign of misplaced priorities. Go on CNBC, see your fund tank. Same thing happened to Berkowitz not so long back. In fact I had reported it on FundAlarm.
Can anyo…
This is quite lame. Did we ever hear about media as a catalyst for sending everyone into bonds over the years? When has the media NOT played a "large role" on the behavior of investors.
They need to talk about how THEIR funds have done relative to …
Methinks they will wait till carnage in Emerging Markets looks like it is getting over. They are in no rush IMHO. WHEN vs WHAT always rules. Timing is everything.
Not sure how what BobC said translates to a "Mutual funds vs ETFs" thread unless we are saying ETFs are for trading and funds are not. I do believe in trading mutual funds. Nothing wrong with that. Inconvenient but not wrong. Amco Mid Cap Growth fun…
Reply to @ducrow: Remember. WHEN you buy always important than WHAT you buy :)
I've realized one needs to be patient. It worked for me with FAIRX. With HSGFX not so much. With MXXVX - I keep selling taking gains and buying it back. Hope to sell it …
It depends on who has the need? Marsico NEEDEED M* to give him a Video Audience. Marsico did not get paid. :-)
Same with fund managers I would think. Now those guys who appear on the main block and stay for hours, I think those are getting paid. I …
Reply to @TheShadow: ROFL. I see people moving across the border right now. Heh, Heh.
I would think they would not have to sell. However, purchasing more with new address of record I'm sure will not work. I'm sure it is against the law to force any…
I am not fed up. I'm just disenchanted Obama will appoint Summers as per CNBC. There are very few people I wouldn't vote for instead of Summers. Needless to say, my vote does not count.
Reply to @bee: Please insult Hussman and El Erian differently if you must. Hussman donates 60% of profits to Charity. There is no record of El Erian donating any of his earnings to charity. El Erian for all his fame could also go start El Erian Fund…
Reply to @Investor: Given my general confidence in ASSet managers, I will not even remotely challenge that statement. I just didn't ever see anyone make a similar statement regarding any other manager.
For instance, Causeway is a much hyped mutual …
This is like Deja Vu. I used to own both PCVAX and CHTTX and sold them from IRA precisely for reducing funds. Didn't find anything distinct about them.
:(
I would like to introduce new term. I have been "BRUCED". They actually think they will find more investors in South Dakota, Wyoming, etc. or are they making a political statement ?!
Are we looking to blame someone else for PGMDX performance? :)
Why are we assuming he is not much involved with it? Because it is not performing? Sorry, that makes no sense to me one way or another.
Total across IRAs and 401ks and taxable, and given i have a lot of cash on percentage basis which I consider a position in the portfolio, AND in no small measure because I'm still experiencing withdrawal symptoms of Excessive Funditis, my largest po…
TRP unnecessarily creating PR issues. Even in regular accounts, TRP and Vanguard have limits on Frequent Trading. Once you sell fund you cannot buy back for 60 days. My 401k plan has similar limits. In fact has stronger limits and it is made clear …
Mine has to be the ONE investment I forced my better half to make and one which I don't hear much about on MFO. She went out with her lady friends and came back with...
MXXVX.
Sorry I thought you said "unheard" of funds. Still I'm going to give yo…
I own PAUDX and PGMDX in a small IRA entirely made up of these two. I own PFSDX in my main IRA - a less than 3% position.
I own PDRMX in my taxable account. I know, I know, I suck, because there is no inflation. Oh well...
You can love Berkowitz or hate him. I admit, I think he makes a fool of himself fawning over Bartiromo now and again on CNBC. I invested with him when the fund tanked. Needless to say I didn't catch the bottom. However, now the fund has bounced, I'm…
Actually we followed the 10% rule for YEARS. And accumulated 100s of 1000s of dollars and saw it go POOF!!!. Now I go with the ZERO percent rule. The company is paying my salary. That's good. Let me go buy stock in other companies, through my funds …
No one likes high ER, but we need to be fair. Certain strategies require high ER and it drops with economies of scale. The Management Fee is 0.95%. Contrast that with WAGOX ER, an innocuous 1.84% of which 1.50% is Management Fee on a higher asset ba…
Reply to @MarkM: There are a lot many companies who have disclaimer about being able to change the fund's objective without further notice. I get it, that companies like FPA have a higher standard to meet given people's expectation at large :)
I co…
Reply to @ducrow: Yes, I don't have problem with fund of funds, but 3.31 probably includes the expenses of underlying funds on top of what Lake Partners is charging, which seems to be charging just for doing "asset allocation".
I own FPACX.
Reply to @kevindow: ARLSX ER after waivers is 1.70 I thought. I don't think it sustains itself otherwise. I certainly will sell if they don't keep the waivers in place.
And nothing needs to be explained for stating the irresponsibility of M*. It do…
There are multiple things here.
1) Yes, most investors would do best in index funds. There are mutual fund companies who offer index funds with ER of 1.0 (at least there were during the dot com boom since I remember one from Invesco).
2) The people…
