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.
Totally agree with Bob and Chisum (really need to see that movie!). I have a very long memory of people who have "screwed me over" with their "lies and thieving". I'm not pissed off at M* for no reason.
As I mentioned elsewhere, I do own one Janus …
I did hold off on selling certain international funds I wanted to harvest gains from. Keeping a close eye. As I have been "fixing" my portfolio, I have paid less attention to my international exposure. I have some work to do.
Reply to @mcmarasco: I basically don't look at certain fund companies because No load shares are not available. I have been corrected in past some of us have access to institutional share classes without load. Just saying one reason, people may not …
TIBIX old managers are now at PQDIX I think. TIBIX was another fund M* used to drool over until the financial crisis. Yet another fund that gave the illusion it was less risky than it was. Not sure about current management of TIBIX. PQDIX I'm certai…
Reply to @AndyJ: okay we have to agree to disagree on what time frame to chose. Clearly you cannot argue with the picture I linked. If you chose to go back only 5 years, that's your call. However, that does not make me wrong.
Reply to @MourningStars: In my experience, M* classification of funds is not always consistent and at times done to suits its own purposes/opinions.
Because of FPA pedigree, I'm keeping watch on these two funds. However I'm going to use my "When Yo…
Reply to @Shostakovich: i have long wondered if after Vanguard and TRP, if M&N are the real thing. Never been able to take the plunge. Now, my main question is WTF they don't call the fund M&N Mid Cap fund. Why confuse everyone this might be…
I wanted to ask about FPA Perennial and FPA Paramount. I don't think these funds have done great at all. But they seem to have an aura created behind them less by their erstwhile cousins, and more I feel by M*.
Has anyone bought either of these fun…
Reply to @ducrow: I'm probably in the minority, but I absolutely don't have any problem with the way you are thinking. Your kind of "diversification" IMO is better than what any single fund professing to do so will give you.
More power to you. I'm …
Reply to @AndyJ: I just looked at everyone's favorite website - Morningstar. The color line for WBALX didn't seem to rise above the peer and moderate allocation category lines. If only I was smart enough to know how to link picture. Maybe someone el…
IMHO you are getting wrong idea about WBALX being risk averse. If I may suggest some more funds, for you to research.
FWIW, I own each of them in either taxable or retirement accounts. Also I don't think I will be getting rid of these funds other t…
OKay M* changing colors like Chameleon so don't worry so much. AQR not advertising on M* looks like. When that changes, all bad stuff regarding AQR will dissappear.
By the way looks like that link only for premium members.
The problem is some funds only launch at bottom of bear market so people don't know how it will really perform in a bear market.
I think manager investment in my mind is the TOP indicator. This is not about outperforming. This is about trust.
AQRNX !!!
Just kidding ;-)
Besides above, I own GLBLX and WASYX in my IRA. And then I have another small IRA entirely made up with PAUDX and PGMDX.
"World Allocation" funds are all over the place. Don't trust M*.
Want to caution people, must because people buying certain miners does not mean all miners will do well. Even during tech and financial busts, certain stocks in that sector did well.
Besides these recommendations if taken seriously mean we have to …
Reply to @hank: I have recommended people watch VICE on HBO, Season 1 is over, but available online. I don't watch much TV other than for entertainment. I don't watch for financial / investment matters either. I come to MFO instead. Once in a while …
The biggest problems I have is this guy putting half his retirement assets in GOLD. He is 53 years old and invested in gold. Should be sophisticated enough. Has lived through two 50% declines. Knows better not to bet the farm on any asset that's gon…
I don't want CNBC as a matter of principal. It all boils down to who gets my "business". I just don't feed certain people. CNBC, Fox News (while I periodically visit when I'm in the mood for comedy), Honey Boo Boo, Donald Trump, Kardashians, and a h…
I do not understand your response one bit. This has nothing to do with manager performance. This has to do with who gets credit for international portion of OAKWX. Clearly that's Herro. Decisions on WHICH international companies OAKWX is invested in…
After having developed celebrity phobia, I sold OAKLX and OAKMX and only trusted Herro. May he stay a non celebrity. I bought OAKWX because of Herro, not Nygren. In Washington, the feeling is Mutual. Pun intended.
Absolutely. I would rather be lucky than sucky. I'm going to patent this now :-)
I opened account with Vanguard so I can buy NTF my "go anywhere do anything funds with high fiduciary score" funds, and then maybe index funds. That's the idea for the…
Reply to @MJG: I agree with what you are saying. The thing is we may all agree on one thing but not on the other. What to do, yes, but now how to do it.
Some people hopefully only investing in Index funds. I for one, developing my own criteria for …
I sold my WAEMX as I indicated before, but added lil to SFGIX. I plan on selling CEMVX and CIVVX and buy CIOVX by end of the month especially if they do well, because it will good time for me to harvest some gains. So I'm actually reducing my EM exp…
I think someone else opined today that Europe is "less worse" than the US or something like that. I'm invested in various Oakmark funds in my IRA. More power to him.
As an aside, I thought David Herro was International Expert, not Bill Nygren. Sho…
Reply to @bee: You know bee, the same argument made against actively managed mutual fund too. If one is going to assume market risk, then it makes sense to be in index funds. It also assumes one stays invested in index funds, and assumes one invests…
I have a small standal one "leftover" IRA. I own PGMDX and PAUDX in it. As an aside why individual investors keep using PAUIX ticker instead of PAUDX is beyond me. Unless of course we have rich individual investors. Or it will really help to know wh…
I wanted t to add something. X is also selling stock he does not have. Otherwise known as FTD - Failure to Deliver. So not only is X selling to Mom and Pop - who by the way are supposed to think "long term" and make a "value play" so they "buy and h…
Reply to @Charles: Charles, bud. No. You cannot be diversified using THOSE 4 stocks. IF you think you can do that you need to buy companies that have us by our ***** and who can squeeze any time they want to make you yelp in pain. They would all be …
M* keeps calling Bill Miller "contrarian" like its a badge of honor. First of all he was not freak*** contrarian. Saying he was because his fund name had word "Value" on it, while he was simply loading up on the riskiest stocks is BS. What he was do…
You have to understand AQR is very high profile. Asness is celebrated Hedge Fund Manager. Even Consuelo Mack has interviewed him.
Asness worked before at Goldman Sachs, allegedly when they were not the giant vampire squid wrapped around the face of…
Reply to @ron: When I'm 79, and living, I hope to keep whatever I have in cash and expect 2% interest instead of 0%. I don't think I will have courage, energy, etc. to invest.
