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 @TheShadow: You know what, that's probably what they want. I'm going to put both. If that does not work, I'm going to sell DEFIX in protest. I have never understood why Delafield chose Tocqueville. They could have gone to Oakmark or Artisan…
Why are we so surprised? I sold my Royce funds as soon as I learnt Legg Mason owned them. They are supposed to be run autonomously.
Err....what? No such thing. When you are owned, you are OWNED.
Come on now. Are we sure he is not just plugging his new dividend funds from PIMCO? VFINX will do just find and will be more tax efficient than dividend funds compensating for any outperformance.
His TIPs recommendation I'm viewing suspect. I sold …
Morningstar itself lists a 2% redemption fee AND a "deferred load" of 2%. Look at FPA Capital page on M*. Front Load and 2% redemption fee BUT no deferred load.
I'm happy if you are saying there is no deferred load on FPACX and FPIVX, but then M* s…
I don't see why Mr. Snowball would be offended. But he might be offended because you mentioned he might be offended :-P
By the way, request for common feature. I need to actually see my tongue sticking out.
On second thoughts, perhaps not a good i…
I asked what were "bulls" think about VXX. Anyways...take a look here. Now it is from Morningstar, but they seem to be siding with the investor here instead of acting like a shill for Mutual Fund Companies, so...
http://finance.yahoo.com/news/excha…
The one problem I have is with people's bashing of WWWFX, with M* high on the list. The fund has been quite consistent after the dot com bust, but can get no love.
Reply to @Old_Joe: Yes. The world at large worries about what is Legal and never about what is Moral. If one cannot legally prove anything, and / or, it can be deemed as "cost of doing business", people will steal, plunder and plagiarize to high hea…
Err...I'm not trying to trade this at all. I was planning on buying and holding for a while. It has simply gone down, Down, DOWN!
http://stockcharts.com/h-sc/ui?s=VXX&p=W&yr=3&mn=0&dy=0&id=p01971068138
Folks, we need to evaluate ER of PAUDX properly. The nature of a fund sometimes makes it expensive because of what it takes to operate the fund. For instance, a fund that hedges is bound to spend more on trades than a fund that does not. Arnott, I'm…
I think I understand your email, but don't understand the CFTAX fax sheet. What do they mean by if S&P 500 was over 1750, they would invest 10% in stocks? Do they mean if "today" it was 1750, they would invest 10% into stocks?
Since I don't get…
My thoughts on these things are always sell first and ask questions later. Of course it is easy for me because I do aggressive accounting and make sure and gains/losses can I offset against each other, and in your case, you are talking tax deferred …
Reply to @rono: If there's a way to make them feel it is always all the way UP there, that would be perfect. I need all of my foot back. Need to walk to walmart so I can save on gasoline to buy the LED bulb I will not actually turn ON :-)
Can we gi…
If you ask me absolutely. Then again the reason I did not invest in the fund after selling other funds and raising cash is because David Iben did not have any personal investment in the fund.
What I would do is follow David Iben if I can. If you he…
Bulbs? We are worried about bulbs?
When I'm forced to retire because I'm too old or can't get a job, I will live in the dark. What I will not do is feel happy I'm saving more money because I have my incandescent bulb turned off instead of my LED on…
I think this is the year we have an exodus in HSGFX assets. It's one thing being fully hedged. It's another dropping near 1% when market goes up near 2%.
I'm holding off adding any more money. Will wait for drop. And now, don't think I'm going to b…
I guess nothing lasts forever. The word "trust" needs to be removed from the dictionary. Does not have meaning anymore.
If according to Hussman, if this is one of the worst times to invest in stocks, then why start a new fund?
In my mind, this all…
Drop in a bucket. Too many impersonators in the investment management business. Impossible to get them all.
That said, one should celebrate demise of another quack. When you are a celebrity, that much easier to pass yourself as someone who can inv…
Why not just by TFSHX? It's managers have a pedigree. I think it's a crap shoot any way. One is buying it so one has a "multialternative" fund in one's portfolio, so one can sleep easier.
That's my take and I'm sticking to it. TFSHX has $5000 mini…
Reply to @scott: Berkowitz is actually likening Sears to Berkshire Hathaway. I'm not kidding, he says so in his shareholder report. Hope he's not smoking what I want but don't get.
Reply to @scott: I don't actually think he shorts. He hedges. Now if market goes up, his hedge will effectively decline the portfolio NAV if he is fully hedged.
I have a problem with M* classifying HSGFX as a Long/Short Fund. I think he is "Periodi…
Scott and Andy,
Sorry guys, but you are demonstrating a penchant for picking stocks which makes me wonder if you will both do better buying stocks instead of funds :-)
Thou are talketh Greek and Latin to me. I buy mutual funds from active manageme…
Not sure if this qualifies as "non investing". Am reading "End The Fed" by Ron Paul right now.
Last month I read "Life Expectancy" by Dean Koontz for a second time. I simply love it.
Reply to @hank: Not to make finer point. International funds had a ballast under them, just more in Asia. And regarding HSGFX also it should be no surprise. He is consistently going down when market goes up and up when markets go down lately because…
Reply to @Old_Joe: That's because of your name :-P
Stop calling yourself old joe. You'll feel young and then before you actually feel old, you will have been right at least once.
There will always be funds suffering from this "syndrome". Sometimes quite a few, sometimes a-many. I have to laugh a little about using M* chart though. M* has made all its money licensing its "star rating" that essentially looks at performance for…
Sorry. This morning everyone new all Asia funds and those international funds with large Asia exposure were likely to end net positive. Asia trading day was over before ours began and NAV calculated day.
Big Surprise. Hah!
Reply to @Investor: Agreed. I think it was Marc Farber(?) who said, everyone is right at least once in their lifetime. I went with Hussman as an "alternative investment". Still not regretting it, while not blaming anyone from thinking his is cuckoo.
Full Market Cycle...I'm willing to give him benefit of doubt for now. Besides I have BOTH HSGFX and HSTRX and together I'm not losing money. So I have the wherewithal to hold on.
In today's times, in matter of a couple of months, "idiots" can turn …
