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.
Peter Schiff has been saying this for a while. That article is 1 year old. Gold has tanked.
Economic Theory is not 2 + 2 = 4. People confuse finance with economics. Economics is a + b = c, the problem being there are outside forces that can change …
Reply to @Mark: Simply making a point. Just because you are a PhD in something does not mean you are "smart". I say "smart" not to say they are dumb, but the simple fact of the matter is there are 3 PhDs in my immediate family. None of them could pr…
PhDs in what? Forget wrong or right. I have a serious problem in someone getting a PhD in a Professional Field, sucking resources and opportunities from someone else and then going to work on Wall Street. I'm glad they were wrong. Need to stick to y…
I own AQRNX and ARCNX. I bought them as ONCE a year DCA funds. With such funds, one has to pray it pays off over 15-20 years. Ditto PAUDX, PGMDX, et. al.
Sorry guys, I don't need PhD to figure out my answer. Active management = Manager Risk. Know thy manager then invest. Market Risk = Buy index fund.
Most people should buy index funds. I dare say most people at MFO are not most people and know what …
Reply to @MarkM: Going all cash if he is not sanguine in the market would not get him many investors. Also buying and selling generates capital gains.
But now I don't know why one needs Market Neutral funds. Long/Short I get. Market neutral I don't…
Reply to @David_Snowball: I really would like to know what prompted them to drop loads on all of their funds. It couldn't have been a sudden turn of "conscience". They changed their business model. Why now?
When you say yields, you are saying dividends. In taxable account you want capital appreciation more than dividends. In retirement accounts you are right I think.
Also NAVs are adjusted on their dividends. Did you get dividend adjusted NAV from Yah…
This is the reason I don't understand bond funds. Higher yield on a bond is desirable when you buy the individual bond and hold it to maturity. In the interim, price swings of the bond become meaningless. You buy a bond at inception and hold it to m…
I am sorry, but I have ranted about this before. We need to ask ourselves if we simply accept industry classification for funds or make up our mind for ourselves. I respectfully submit you are not comparing apples to apples.
A long short fund shoul…
Reply to @Old_Joe: I would think it is in Bernanke's interest to play hard to get rather than look eager. I can't imagine at his age why he would want another job. Protector of the Lore at Kinko's Federal Reserve, pressing Copy button. Some job.
As an aside, I have to say the Gundlach interview seems pretty dumb to me. He keeps asking himself questions, then says Yes, No, Maybe, It will happen, I don't know when.
First off, the article starts with "...he was recognized next to Mel Gibson…
Err, who said Bernanke is leaving? If Democrats win in 2016, why will Bernanke leave? These guys are "career criminals" if you get my gist. WTF will Bernanke want to find a new job unless he is forced to?
Bottom line folks, this has nothing to do with Investor's in mind. Successful managers leave because they either feel they are not compensated enough by their owners, or they just want to keep more of the management fee. Not saying, they should not …
Reply to @kevindow: I'm waiting for Matthews China Extra Small Company Fund and Matthews China Itsy Bitsy Company Fund. Then I can retire and move to Tibet.
And on June 30, Matthews will launch the Matthews Asia Strategic Dividend fund (MADIX). It will allocate positions strategically into twice the number of securities typically held in the now closed Matthews Asia Dividend fund (MAPIX).
Wait a second. So when these guys left Wasatch to start their own fund company because they wanted to be "smaller" was all BS? I mean they start 2 funds. Close 'em, start 3 more. WTF?
I own GPGOX in my IRA, but I'm not too happy right this moment.
Reply to @David_Snowball: Hmmm....There is a Jerome Dodson (father?) still running Parnassus. Hopefully AUM increases. I have had two "new" funds shut on me because of low assets. I will keep this under watch just like SEEDX.
I'm vary of very low assets. Just $6M according to M*. Also I hope manager has $1M of his own money in the fund. Wonder why manager not making point of eating his own dog food on the website. Sure fire way of gathering assets IMHO. Unless of course …
I own PGMDX, PAUDX in a small IRA. I plan to hold "forever". I also bought PDRMX in my taxable account. I'm holding right now, but not adding. On bad days, I will.
Thanks Scott. Didn't even know AQRNX was closed. M* lists it as open even right now. Am going to research their Multialternative fund. Happenned to notice on their website when I was there.
Best.
Err...not simple, because then i need to re-examine my position in AQRNX. Just like when Grandeur Peak or Wasatch or Matthews Asia open funds...
I want to understand the necessity. Fund will not sustain itself without demand and AQR actually does v…
I think someone, I keep forgetting, Marc Faber I think said : "Everyone is right once in their lives". The question with people like Hussman is WHEN he will be right and HOW MUCH he will be right.
Investors are a funny bunch. See Hussman's returns …
I'm playing REITs/Gold/TIPs/etc. through PDRMX.
I do have small very long term positions in VIPSX and TGLDX. I am not adding to either any more.
I just don't get what PRAFX is doing.
Reply to @MikeM: Okay so we buy something that goes up and sell something that goes down, then I'll get out of the conversation.
I can understand Hussman has gone DOWN for long time. Fact it I haven't owned it for a long time. I'm okay with it.
One thing I have learnt is to buy a fund when everyone is "killing it". Assuming of course you don't feel there is something fundamentally wrong with the manager running it.
That's how I bought FAIRX. That's why I bought some Hussman a few days bac…
