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Actually I thought FPACX mandate was pretty flexible to begin with. In a "new normal", this is the last fund I want to put shackles on. They are giving themselves another reason to not make excuses for underperformance. I have absolutely no issues.
I did look at it, then bought ARLSX which is way cheaper. I'm the first one to ignore ER for a compelling story. However between the two funds I had to go with ARLSX.
Agreed. Then again, it is no better than most other managers' mumbo jumbo. Relative Bulls**t Parallel.
I'm more worried, Mutual Funds are going Hollywood on us. The tragedy is both CRNEX and TVFRX don't look too bad from a performance standpoint. W…
Reply to @ducrow: I'm in PAUDX, PGMDX just like I'm in HSGFX, HSTRX. And just like I am in AQRNX,ARCNX. As long as I don't get bulls**t from manager I will stick around for some time.
Reply to @Charles: A-ha, but they do have a lot of potentiallly sucky equity funds too :-) Full disclosure, I own PTHDX, but that was because I followed the managers from their previous fund to here.
Yes. High ER is impediment to outperformance. However if a fund consistently does that, people will pay.
Positive spin on "you get what you pay for". Of course, "reversion to the mean argument" implies you need to buy the closest index fund which o…
I'm falling in love with this site and I don't think my wife will mind.
I'm not sure about my kids though, because I just might send them to this site instead of trying to figure out their homework.
The reason I can't get excited about OBIOX - and many many other funds - is that the SAI for the fund provides no evidence the manager owns a dime of his fund. Mr. Oberweis himself own $100K with the disclaimer his ownership includes shares owned by…
What I prefer is for people to learn the components of investing, and not learn a particular philosophy of investing. For instance, "bogleheads" implies indexing. I want my family to get broad familiarity.
We discussed this on another thread, sor…
I fail to understand why on that chart the drop between Feb 08 and Feb 10 is not colored in red. I'm sorry Ted, this website is suspect to me. They are charging subscription fee to deliver Technical ANALysis. What do you think?
Actually if you know any videos that explain what is stock/bond/mutual fund etc., I want to see if my current and extended family of all women can watch and learn. That worry is the only reason I'm bald, its not hereditary.
Actually the only person who can buy right now is me :-) Because I give two
hoots about capital gains distributions since I will have losses to offset it.
Reply to @CaryRaleigh: I can imagine. That's quite problematic especially if you haven't held the funds on their way up for long. In the case for Bridgeway I had held them for loooooong time, so I weathered the 2008 storm, but made a mental note to …
Sorry Mona :-) I was being sarcastic and people are used to it. I have a lot of losses on the books. This is a way for me to book some against to offset against those losses so I don't have to carry them over for the tax year.
I've been selling fun…
This is what I don't understand. Did he publish his initial thought with the hope people would sell EMs, so he could them buy them at cheaper cost, which was his intention all along?
On Yahoo finance today also he is talking up EM. I want him inves…
Yup. If I find out any reason Montgomery is not the real thing, I'll be absolutely shattered. I think I will stop investing in mutual funds period. Montgomery has helped me keep my sanity in terms of investing.
I've decide to keep BRLVX. The ER dif…
First, let me say I don't buy the traditional measure of volatility = risk. However especially for balanced fund, I think volatility of returns should be considered, because one expects to buy/hold/DCA into them over longer periods of time.
I don't…
I am afraid of what I don't understand. Yes, I own RPHYX too, but it is supposed to be a cash substitute. I've been eyeing FPA New Income now that FPA is all no load. Heck I'm thinking of buying all FPA funds.
I think cash is king right now. I'm ta…
What's ringing in my ears...."Indexing is about tracking the market, not outperforming". LOL. Well I sorta agree. HOW I earn the returns is more important to me. I want consistency.
However while I don't disagree with the argument, I'm not a big fa…
Guys, a bird in hand is worth two in the bush. I have explained many times I have tax losses on the books. Yes, this is winner. Yes, I need to claim it. I'm not ruling buying it back or DCAing back in.
I'm just saying I think it will do worse befor…
The problem here is we don't know the fund will do what we expect it to when the markets reverse. TVFRX is one fund I'm watching as well to see if it will do what it says. When everything is going up all managers look like geniuses.
Thanks for the …
I actually put in order to sell this legendary fund. I'll get the NAV on Monday.
I think history is on my side. Now that everyone knows about this fund, it is curtains...
Reply to @Art: I bought those fund after learning M* went negative on them. That was my cue. Those returns you are showing, I haven't suffered them.
As to what I like about them. Nothing. I mean what's to like about that performance? However since…
