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.
Reply to @Old_Joe: I am not sure if Maurice is joking. He could be saying his dentist was the 5th one. Problem not with toothpaste. Problem with Dentist.
Same way as M* is "always right". I periodically lookup how WWWFX is doing. One fund what was …
I would say Vanguard and TRP are IT when it comes to actually caring about investors as opposed to acting like they do. If their websites suck I will take that in stride.
I'm sorry David. I don't know why we still believe M* and the like actually have the interests of individual investors in mind or actually care about what they think. The other day I was thinking why suddenly Tom Marsico is in Videos on M* after su…
These guys are trying my patience. Both ARCNX and AQRNX boast drawdown control even in their sound bites. They better have a good explanation. I can take the hint I was not smart enough to figure out they were leveraging bonds in these funds. Howeve…
Thanks. 80 year trends though. That's more than most people's lifetime. If someone drew the same chart till March 2000, what conclusion would one draw, before seeing portfolio fall 50%. Then not recovering for another 10 years. Also the least squar…
Reply to @kevindow: While I am not disagreeing - most people should invest in index funds - I think ARIVX is way better than Rocky Peak. It has given about same performance, but is so much less volatile. Now, I don't equate volatility with risk, but…
I don't think anyone real needs a commodity fund or sector fund. At least most people don't. I feel I'm properly hoodwinked into ARCNX with all its stated goals of managing volatility and drawdowns. I feel actually it has done worse than the market.…
Reply to @bee: Okay. So my parents weren't alive in 1929 :). Now let's see who of us can plonk $136K in ANY one fund today...Not me. if I had 1.36 Million Dollars and I owned 10 funds, maybe...but still doubt it.
So do you know a way to find out ot…
Reply to @bee: Two questions. Why did you not chose 1920 or 1928? :-)
And $10K in 1929. How much is that in TODAY's dollars?
We need to be realistic here. I forever worry such "statistics" gives people false sense of confidence.
Finally I want to kn…
I plan on leaving multiple portfolios at different brokerages, each cohesive on its own, and telling them to sell one portfolio at a time or all at once based on how much trouble they want to take to understand what I had done.
Leave them cash to m…
Reply to @David_Snowball: Strange. I thought 0.25 would be enough. You know he could up the minimum investment to $10k too for supermarkets. Or make redemption fee on shares held 1 year or less. Like MXXVX for instance. And maybe PVFIX, not sure.
L…
Stupid Question. We expect Active Managers to "save us" from bear market declines right? Why are we not supposed to have to Multisector Bond fund managers protect us from ACTIVELY figuring what part of the bond market to be in at the right time? Jus…
Why is M* lowering rating on the fund BEFORE manager retires? Sure they don't know how good the replacement manager will be. However, rating should change AFTER manager actually stops managing the fund.
Reply to @hank: This has nothing to do with with being dumb or being smart. More bonds on higher duration are risky in current environment, no?
Besides, it is not I who is questioning the dumbness of Wellington Managers. After all I own the damn fu…
Reply to @MaxBialystock: I think for me MACSX and MAPIX is as exotic as I want to get for Asia exposure. I don't buy any foreign/emerging bonds (not that I know anyway since I have been schooled in AQRNX and I dunno WTF it owns). I think MSMLX is ju…
Reply to @catch22: Hmm...if you watch Fox News, you will hear "EVERYTHING needs to be privatized". Now if China were to actually make a bid for Detroit, wonder what those same guys would say.
Reply to @Investor: Good to know. I'll stick to my guns with AQR for now even though I did not fully understand AQRNX. Regarding ARCNX I want to wait for June 2013 report to see how/if they explain WTF happened to their "drawdown control". I would …
Yes, I think Mr. Snowball highlighted these funds previously. Thank you for the reminder. One of the things on my todo list to research in depth.
Unless I'm mistaken this was the Partners fund that has only crossed S&P since inception since las…
Reply to @TonyGstring: Copy that. What I can't tell is at it moves more out of Asia, whether it will stay more an emerging markets fund or not.
I'm thinking Asia maps to Emerging Markets, always. Correct me if I'm wrong here. Japan is sort of consi…
Reply to @tigerman3: Thanks oh striped one! Bonds are supposed to keep one diversified. Sounds to me if we are in an environment where bonds may no longer ying when stocks yang. Besides, learning I am in leveraged bond fund (AQRNX) without knowing i…
Reply to @mcmarasco: You are being very kind. I have made some terrible mistakes, some of them all by myself. However I'm determined to dig myself out of my various predicaments however long it takes.
Reply to @Charles: CRAP! I must have been sleeping! The day I saw Royce opening funds like they were going out of style in the small cap space, I started researching and learned they were actually owned by Legg Mason. I got out of all my Royce Holdi…
Reply to @mcmarasco: Please don't take this the wrong way. I WISH I had 20 years before retirement. By that I mean I hope I can keep job for next 20 years. And beyond, but you can never really have enough money, IMO. Especially when you actually wor…
I think Charles analysis is spot on. I would like to venture a guess if anyone can verify. FAIRX performance at beginning of last decade was fueled by EXACTLY the same kind of stocks that gave it stability, but which proved to be its downfall in the…
