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.
I also don't understand why this is an issue. If you want to be fully invested, then invest in index fund. An active manager does not make excuses for bad performance after he is fully invested and then claims market went against him. If investing i…
I learnt to not invest distributions long time back. Always buy whole dollars, always sell specific shares. Need just paper pencil to do taxes.
Also, it is a healthy way to take profits. A good reason I'm still wearing my shirt with CGMFX.
All I have to say is Never Say Never. I have stood with Bridgeway through thick and thin. Maybe I'm a sucker for someone who donates half its profits to charity.
So I ignored their plans of turning over BRLVX to American Beacon. And now this. I do…
Thanks for the endorsement. I started with MFLDX as alternative to my NARFX - which has since become SARIX and left me wondering WTF I should do with it.
Reply to @Maurice: The problem is actually bigger than you think. THEY do shop for groceries. Except if THEY don't feel it in their pockets, THEN it is not a problem for THEM, and hence it is not a problem.
Every time after a recession or depressio…
I think anyone buying a fund that's essentially a bet of financial is plain nuts. If you bought it in 2008 is one thing. Wait for another 2008. I am. And yes, it is some Fairholme fund that I'll buy. The high minimums make that even more necessary. …
I still say you do something like this
MALOX
CVLOX
PQIDX (new fund with TIBIX managers)
Maybe add one more. Add to the worse performer every year. And I like it so much, I just might do it next time I lose / change job and have 401k money to trans…
Unless I'm missing something...too much international and too much small cap. Besides, why not simply buy a 3 or 4 Global Allocation funds and be done with it. Keep adding to the worst performer every year.
Sorry, the portfolio seems too much troub…
Reply to @JoeNoEskimo: LOL. NARFX is doing well now bud. It was supposed to be my tax loss candidate for this year, but if things continue the way they are, I might just hold on to it.
Started buying MFLDX as a replacement as I announced on the boa…
Human Rights groups are now getting into this ?!?!?!?!?!
To me this is the epitome of bulls***. Not that people cannot have their opinions. I just think someone's Human Rights were getting violated when these guys were compiling a report on Soros. …
My rule of not automatically re-investing distributions helped me out here. Stands to reason once a fund goes up 80% in one year, it may be time to take at least some of one's lumps.
Whatever the case, I'm sticking with Hussman. I'm not sure Hussman does "Market Timing". WTF do I know?
Well, WTF do I know indeed. I will not list all my jokes on Statistics today...
Totally agree. This is article against Bill Miller and not managed funds.
You want to assume Market Risk - invest in an index fund.
You want to assume Manager Risk - go with managed fund.
I never sell my "managed funds". I only sell my "market fun…
Why is this even news? If he does that he will have 6% of the fund in JOE. Big frea**** deal. Methinks FAIRX becomes FHX, a closed end fund before I lose all my hair. Of course he has to do it before someone else takes that trading symbol.
I never start thinking about a fund unless I see manager tie HIS future instead of his clients with his fund. Right now when I read anything about the fund on its website it just seems like a lot of Bulls***. So many people say the same thing. Some …
Reply to @Sven: Err...sorry didn't get the joke, but very interested for any clarifications.
In any case, looked at news at Yahoo just now. Sallie Krawcheck GONE! I think it is best if BofA gets rid of Merrill Lynch and focuses on what it did best.…
Actually I call it genetic mutation gone wrong as far ad BofA is concerned. So blinded by its ex-CEOs lust for Merrill Lynch, BofA finds itself associated with so much investment garbage.
Merrill Lynch will eat way the insides of Bank Of America. W…
Whoa! TA is not about outperforming the market. It is about not being stupid. If FAIRX was a buy last year, it was a screaming buy in February and it is a sell-everything-and-buy-one-fund buy today.
6 months from now it might become sell-yourself-…
To me this is the first wonder of the world
WTF doesn't everybody take $25K of their hard earned money and put it in an FDIC insured rewards checking account and earn 4% interest and bitch about having to make 15 odd transactions they make ANYWAYS …
Reply to @Maurice:
Whether they are old and whether they fart or whether they do both I do not know. I meant "legacy expertise", like you know "legacy assets".
PIMCOs claim to fame is their bond fund acumen. They have been making serious forays in…
With respect, I don't see the point in buying an active fund manager, who in my case eats his own cooking and then handicap/dismiss him by the volatility (sic) of his fund. If I own funds that are not volatile it is more because the fund manager wor…
My reading simply tells me the manager is only looking to legacy PIMCO resources for help in bond holding selection. I bought the fund because of the managers in the way they managed their previous fund. I am convinced the decision to buy a bit of G…
Folks, I'm specifically asking about short term bond funds. If we default or if there is rating downgrade interest rates should rise. Bond prices should fall. The fall should be more for the long term bonds right? I'm asking about short-term bond fu…
I think TFSMX, FMLSX, and co really simply behave like balanced funds, i.e. equity funds with some insurance due to part of their portfolio being in stuff that is supposed to have low correlation to stocks.
Their names say "Market Neutral". M* cate…
I think if you think the manager is good you buy the fund and don't look at recent performance. I'm not to unhappy with Hussman. I am unhappy with NARFX. Hussman is doing what he says he will. And he explains what he is doing even a "child" like me …
