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 @Ted: Not about past performance, right Ted? :) Besides can you clarify which of my interpretations of phrase "runaway train" is true? Is M* making a positive or negative comment? Just FYI, M* have the fund rated GOLD.
So I'm totally confu…
Unless I'm mistaken SFGIX was never intended as an pure Asia play. It is false notion because manager came from Matthews Asia fund that would be the case.
Expect this to be a diversified international fund over the long haul.
I own MAPIX and MACS…
Mike,
Ultimate goal is simplification. An impediment to meeting this goal as I explained above was my need to "churn" my portfolio to book gains to offset losses on the books. I have a lot primarily because of investing in stock of company i or my …
Okay but then not quite sure how to use this metric. If you see the chart I linked, it doesn't seem to stay below the "40-line" much. Keeps zig zagging.
Now everyone accepts this is technical ANALysis. If it works, it is not because of logic, but o…
Reply to @scott: Anyone subscribing to HBO, please watch series called VICE. It finished its first season recently. Episodes available online. There is one particularly addressing real estate/ghost towns in China.
I think the government apparatus is at work trying to get people to see "problems" existing offshore instead of looking onshore.
Besides, did the Detroit bankruptcy get approved? They applied for it, but I didn't see anything that said their reques…
Reply to @Old_Joe: You have to admit this is a little different. I mean look at his committment to AIG. This is not Nygren's Washington Mutual here. If AIG had gone bankrupt, Berkowitz might have suffered worse than Bill Miller.
Nygren recovered fr…
I think the real problem is AQR and not AQRNX itself. If your funds do well, you close them, THEN decide to open fund to fill a niche or because "the market demands it", or whatever, that is one thing. However when several of your funds are doing ba…
Reply to @Skeeter: That's the problem. You and me only meet Farmer's with scruples. We don't ever make any real money. Besides there are people will look in the farmer's garbage for cro(a)p and sell it to you and me, the only difference is we don't …
Reply to @Old_Joe: Yes, but should we still laud Berkowitz. I mean the notion is Berkowitz somehow knew and/or deduced AIG would not be allowed to fail. When there were other smart people who realized all the bad chickens would come to roost at AIG …
Reply to @MaxBialystock: Think about it this way. IT has performed better than the closed WAEMX YTD and no one wants to sell that one. Yet one more reason I don't think I need WAEMX since I also have SFGIX I bought recently at beginning of the year …
Here's why correction may not be imminent. This lady from BofA made a huge (sic) call that S&P 500 will make it to 1750. Bravo! I mean whoever would have thunk that TODAY as the S&P 500 crossed 1700, it would take a genius to predict it migh…
This is lame. Dow 36000 of of 1999 had no way of knowing Bernanke has an inexhaustible supply of green ink in his colored printer. People need to make equivalent prediction, DOW 45000 or something.
How is Mario Gabelli donating $15 Million to Columbia Business School campus (which is what is really needed today...) helping mutual fund investors in his or anyone else's funds?
Actually this is WRONG question. A lot of fund companies were overrated during the 90s. And then they carried that overhang for a while.
There was a time when new they could have turned it around. However when their "remaining best" also start lea…
There has been a massive outperformance between small caps and large caps for an extended period of time. One would naturally assume the relative worse for small caps. However, momentum strategies work till they stop working. Let's make sure Rowland…
I agree with 10% s to L/S fund. To let the "cat out of the bag", as I am eliminating excess mutual funds from my taxable accounts, plan is to construct independent portfolios at each of the brokerages I use and one with funds I hold independently, s…
Hey, why am I not famous? I also have a strategy. I don't reinvest dividends. Instead I plow an equivalent amount of money into those funds I wanna keep which have performed the worst. And my cost-basis accounting is now so simple.
Maybe I need to …
Reply to @Ted: Forgive me Ted. You seem to0 smart to simply show performance numbers when deciding for/against a fund. "reporting periods" change monthly. Lately you seem to be making this the end all and be all.
Sorry, just saying...
Reply to @Ted: Okay I thought I understood AQRNX. I'm willing to re-examine my assessment. What I said I didn't understand was the excerpt from the GMO article that started this thread.
Trust me, I have no issues admitting I made a mistake and move…
Okay I didn't understand a word above. But I will go read article and re-evaluate WTF I bought AQRNX. It is 3% of my IRA.
But here's my problem with "experts"
Kinnel: Emerging markets are the brightest spot of your forecasts with a 7% real return …
I sold my VGCHX earlier to book years of profits. Will wait very patiently for a correction before I buy it again. And of course I would be in gambling mood when I do.
I vowed to never buy sector funds again. I feel not necessary. You start with on…
And last week it was Goldman Sachs rigging price of Aluminum by hoarding it in warehouses and "complying" with regulations to move it out of warehouses only to move it back and forth between warehouses.
And they will settle for 10 cents on the doll…
Reply to @TonyGstring: I do own GPGOX in my IRA. This is for my taxable accounts though.
I should mention I also have SFGIX. Again, folks, I'm reducing my number of funds - that's the objective. A combination of stupidity and trading to book gains …
Reply to @bee: When yuu say "global debt" are you saying bonds? No I don't have any foreign bonds or EM bonds. Never ever owned them. Only bonds I ever owned was some PTTRX in my wife's 401k. And I have some VIPSX.
And yes I also hold RPHYX as a ca…
Reply to @expatsp: If we look at a convenient point of time to get 1,3,5,10 year numbers, a lot of funds will beat performance benchmarks. I think I have outlined reasons for my selling DODWX as well as I can. Some of the reasons are simply personal…
Reply to @BWG: Actually THIS is exactly what I've been talking about. FMI has soft closed FMIHX. Why? Interest of Shareholders because assets have ballooned. Now if they start a FMI Global fund which invests 50% like FMIHX and 50% like FMIJX, then t…
Reply to @Kenster1_GlobalValue: I only mentioned PVFIX, WGRNX etc. to make a point. Having a managed focused on exactly one strategy is how I'm leaning that's all. Needless to say it has nothing to do with how Grandeur Peak or any other MF company i…
Reply to @catch22: Ok my point is this guy making money writing unnecessary article when so many unemployed.
If I mother was alive - may her soul rest in piece - I would tell her she forgot to teach us how to BS.
Reply to @Investor: Yes. Not sure why I was defending M* :). Deficient is certainly one word I would use for M*. I was being nice saying it is a "bug" because then I would expect them to correct it.
Reply to @MikeM: Hey Mike. That's what I'm saying. They proved they are NOT different. And I never heard about their business plan about gathering assets till $3B until now.
Royce is "independently managed" from Legg Mason. LM does not interfere w…
Reply to @Old_Joe: Please tell me you own them in 401k/institutional accounts. My one problem with M* has been recommending load funds to individual investors without any qualifications.
This has nothing to do with how good American Fund managers a…
Reply to @kevindow: Kevin, need to understand your recommendation of MSFBX. As I said below, not looking to add another fund - that would defeat my purpose. However, I take recommendations on the board seriously for the most part, and am a little co…
I own a lot of Artisan funds. Artisan and Bridgeway funds are the only two companies from where I own Large, mid, Small funds. For the rest I'm going all cap. I'm also looking to reduce number of funds. Have been looking to do that for long time. So…
