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.
This is an investment site. There are plenty of OTHER politics sites. Please shut down the politics, at least until 01/2021 since its obvious members can't keep their cool. What seems reasonable to one seems unreasonable to others.
I posted on M*that I made big changes to my portfolio. Since the end of last week I had problem finding bond funds I like. I had a huge % in GWMEX since May but sold everything and the rest too. Bought something, this probably will be a short term …
And where jobs are created in the last several weeks relatively? not in the high crime cities run by Dems and definitely not downtown Chicago, Portland and Seattle where they defunded the police. I "love" Libs, all my family are Libs and I tell the…
Those "failing" liberal-run cities. Without them America would also fail:
Sure, big cities are where the brain power and money is concentrated. That's how it works but it could be better. Who wants to live or maintain a store downtown with so mu…
Major American Cities See Sharp Spike In Murders In 2020
Who runs (D or R) these cities? see the pattern?
and that's what happened in Portland(link).
and Seattle (link)
@davfor Yes. This all seems probable. Which just makes it more important to implement programs that will assist those who have been displaced to transition to a new place in a changed post-covid world.
I agree but the solution should never be only G…
Here is my problem with this article
1) I appreciate his explanation but I don't think an average and above investor should buy single bond. I'm mainly a bond investor and always bought mutual funds. It's easy, cheaper and I can switch any time.
2…
Jobs gone forever, yep. I worked over 35 in IT and can tell you that the systems I coded and implemented were faster, better and cheaper than humans. So I knew it's coming in the 80" already.
These processes got faster and better and why many can't…
actually this is giving me confidence in the fund. It's got more than half in cash, a heckuva bond mgr, and it's giving you 4.4%. This might be the "new" RPHYX
2 completely different funds.
RPHYX made 2.1% average annually in the last 3 years. Why …
Here is the problem with the GMO team. They are wrong for years. The SP500 made over 10% more than what they predicted at the end of 2010 for the next 7 years. It is not that clear but the first green bar says that US large cap will do 0.4% + 2.5%…
The cash-sub thing come 2-3 times weekly. Cash-sub is a fund with very low volatility for years except a short hiccup this year in March. If you raised the volatility then you have many regular bond funds.
So, I would look at funds like ICSH, JPS…
Hank, excellent response. Over the years I have seen many investors that make changes in their portfolio based on prediction and opinions of "experts" just to find later they were wrong.
I don't blame these journalists their intention is to grab at…
Thanks. There’s some serious implications underlying this (somewhat silly) valuation picture. Those relate, IMHO, to all asset classes (stocks, commodities, gold, real estate, etc.).
The only way I can see the current out-of-whack valuation pictu…
I hold a huge % in HY Munies since early May, and they made me lots of money.
The usual, I don't follow articles and experts just charts, uptrend and prices.
I read the article and laughed. The first 4 pay under 1.9% which I wouldn't call great cash flow.
VYM pays about 3.6%..BUT WAIT...The higher yield stock style investing must be debunked all the time. VYM trails the SP500 for YTD, 1, 3, 5, 10 years. …
MWFSX performance continues to lag and relates to lower daily distributions.
Its performance for 1-4-12 weeks per M* Multi category is 85-97-88. Basically, it's in the bottom 15%-3%-12%.
The last several distributions are:
As of Date Ticker Dividen…
There an easy way to not pay early redemption. I have done it several times over the years but usually I don't buy a fund that has penalty fee over 30 days. If you don't know how to avoid the penalty then you will continue not to know it :-)
I s…
+1 Yes-maybe FD1000 should start his own hedge fund and reap the benefits of the 2/20 fee structure.
It's documented in this thread(link)
And thanks, I'm retired enjoying my free and happy time. I have given FREE advice to hundreds of posters who …
The purpose of MTUM is to use "Exposure to large- and mid-cap U.S. stocks exhibiting relatively higher price momentum" and not value or growth and why it needs to compare to SPY(blend index) + MC.
MTUM easily beat SPY for 1-3-5 and since inception.
…
From the article
The lesson: The stock market doesn’t follow a predictable playbook. Even when it seems to follow a pattern, that pattern is subject to change without notice. Result: Efforts to outsmart the market often turn into exercises in frustr…
These "experts" missed the fact that the Fed is controlling these markets since 2009 and conventional ideas are not working.
Basically, I disregard all "experts" and articles, their job is to sell you something and/or can't predict the future and de…
Old_Joe: I'm a value investor, but Value has been taking it on the chin for quite a while.
+1 I keep hearing for years the following
1) what about value and growth beat it by so much
2) the market is expensive but it keeps going up
3) rates can onl…
I don't have a bone in this since I don't own MWFSX.
The monthly distributions are clearly going down, and they are a huge part of the total returns.
Date Dividends
July 31 will be around 0.72% to 0.75. Down from 2%-->1.8%-->1.6 and now to 0…
One reason maybe that AVEFX ''flies under the radar'' is it is not available at Fidelity or Schwab no load/NTF.
In 2020 peak to trough AVEFX lost about 10% while FPINX lost only about 2%.
AVEFX has 20% in stocks FPINX < 1%
Vanguard VASIX is a be…
Rono: In the grand scheme of things, best is physical hands on bullion.
Why physical is best when you look at shipping, storing and delay trading? Why not simple GLD(or other gold related positions) where it's so easy to own and trade.
If you look at Vanguard VFIAX, its PE=23.1
The top 4 companies in the index EEM are high tech ones and 22% of this index
Alibaba Group Holding Ltd ADR
Tencent Holdings Ltd
Taiwan Semiconductor Manufacturing Co Ltd
Samsung Electronics Co Ltd
One reason maybe that AVEFX ''flies under the radar'' is it is not available at Fidelity or Schwab no load/NTF.
In 2020 peak to trough AVEFX lost about 10% while FPINX lost only about 2%.
AVEFX has 20% in stocks FPINX < 1%
Vanguard VASIX is a be…
“They said that as AUM increases, the yield will fall.”
That’s what they told me would happen back in early June. AUM was around 11 million then. If AUM is up to 17, then I has increased by about 55%. Cash has increased to 36%. This was all to be e…
The old M* shows 16.9 million (link)
My whole point is to show a huge reduction is distributions and why MWFSX performance will be much lower in the future.
If you look at M* for the Multi category(here) You can see the following
One month...categ…
It was yielding over 20%. Of course it’s going to go down. Even if it went down by half it would yielding about 10%. As AUM increases, yield will fall. This is happening as expected. It’s also actively managed by Tad Rivelle. They may be trimming th…
Pended is a great CU. Anybody can join and they do it fairly. We refinanced several times over the years and found each time hundreds of dollars "mistakes" that had to be fixed because I was going to walk away hours before closing.
Penfed didn't ha…
"The deficit is growing at a rate "well in excess of the growth rate of the economy," he added. "To me, that means more of our nation's income will have to be devoted to debt service, which will retard economic growth in the long term."
The above h…
@FD1000 Obama would never have done this in a million years: https://nytimes.com/2020/07/19/us/politics/trump-fox-interview-coronavirus-race.html?campaign_id=9&emc=edit_nn_20200720&instance_id=20454&nl=the-morning®i_id=137083247&a…
M* bond rating doesn't guarantee or forecast future returns and/or volatility, especially with managed funds with more moving parts. Even "simple" funds can't.
Examples:
VCIT=all IG(investment grade bonds) and simpler - M* rating BBB.
PTIAX-M* r…
PIMIX was a great fund until the beginning of 2018. PIMIX is still a decent fund
I would go with PTIAX. LT good record + good downside protection. 2 more option are TSIIX and ADVNX
2018 returns:
PTIAX: 2.01%
TSIIX: 0.68%
PIMIX: 0.58% (still top qu…
PIMIX was a great fund until the beginning of 2018. PIMIX is still a decent fund.
You can't look at PIMIX YTD and compare it to BND (high rated bonds) when we had a black swan.
PDIIX is another Pimco fund, much smaller and managed by the same team.
…
