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.
BTW... I'll never forget Black Monday...the faces on the fifty some year old engineers... walking around with a blank shell shocked expression at work.. similar looks from colleagues during the draw down during COVID...looked like someone stole thei…
Is Dell really going to let over 10,000 associates go? Super micro margins going down down down....this is not good news for the markets, nor the Ai bubble...
Could get interesting over the next few weeks....
re BLNDX...seems to me that a large selling point of the fund is the "all-weather", diversification provided by the fund...I would state that this could also act as "wrong way leverage" at times when compared to a moderate stock/bond/cash allocati…
Hey someone asked me politely to not get deep into the politics on this board...so I'll sit this thread out
Good health and good luck to all
Baseball fan
Maybe just a reminder that it's all one big manipulated casino....and don't get to greedy...cash is king at times like this... balance in life and in your portfolio
Don't listen to that bullshit you're young you have time be heavy into stocks...
…
@johnN. If anyone was even remotely looking at the fundamentals they would have been all cash a long time ago...
I get your point though..
Now we might find out what happens when all the indexers head for the exists at once... could get exponentia…
@Old Joe...news rags finally caught up with the real world... this has been going on for some time now... Michigan Ave in Chicago storefronts over 30 % empty...not an ideal time to be looking for gainful employment...
Not sure what the rush would b…
Keep in mind that fpacx will allocate to a higher percentage in stocks when the perceived value is there...not sure it matters anymore with fiscal and monetary inputs but for certain the market is at elevated valuations...which should be another fac…
Not sure it's nuts going forward...looking backwards sure after the fact I could see your point... you're not getting mine.. it's that if the less experienced or younger investor sees a drawdown that has legs they will bail and lose the compounding …
what no one has mentioned yet is what kind of career track/profession is @joyes in?
If they are a physician, plumber, electrician etc..their work path is more "somewhat guaranteed in the future" so they might be more aggressive in their portfolio. …
So going back 30 or so years there were a bunch of investors called the turtle traders...one guru guy trained them up as CTAs... they all made a bunch of money
Some say they were just at the right place at the right time... commodity up cycle...tr…
Harris will be exposed as a nitwit that she is... don't forget that she received less than 2% of the votes in the primary... definitely a DEI, identity politics pick on Biden s part. She'll be exposed just as Biden was exposed as having severe cogn…
@BaluBalu,
I could see over the next several years stepping into VELIX to be 10%-15% of the portfolio...I'm likely a couple years away from stepping away from the corporate work environment...who knows, still enjoying most days what I do...and am t…
@BaluBalu...I already have a high majority of my investment portfolio in Tbills, US Treasury mmkt's, Tnotes 2 years or less and some CDs from major banks...am looking at VELIX for exposure to the stock market...not sure having shorts on all the time…
@Dennis Baran, thanks again for not only your reply but also soliciting a reply from a principal at the fund company. Very helpful.
@BaluBalu... getting back to you with my reply... I've made it clear in prior threads that I'm extremely risk avers…
Thanks Dennis. My follow on question would be when this fund was started by VELA, was it called something else? Specifically large cap 130/30?
And if so why the name change? I do recall an article from JR at Morningstar in which the article di…
@dennis baran. Thanks for the info.
Unrelated and off topic but any followup thoughts regarding VELIX. Vela large cap plus fund?
I recall you authoring an article regarding that fund and might be a good one to take a closer and fresh look at..
B…
Tough to argue against the results...fund manager very articulate in explaining his process...but like Kudlow once said...quant based funds all work great until they don't.
Trend reversals frighten me. Fund obviously worships price points...who kn…
Just had some major water damage in one of my homes. State farm stepped up, cut the check, no issues, no nickel pinching. Customer for life. Don't care if other companies charge a few shekels less.
Have heard good things about Cincinnati insura…
@stillers. It's my perception you're not tracking the point I was trying to make...in that the guy who has been running the fund and the other account has been using a similar approach meaning concentrated with decent risk return profile for a long …
@stillers. Relax . Hey I have attempted to link a document several days ago to one of my replies but I don't see that it posted. Trust me it's there, I'll find it again and try to link it or at least post the path to access it. I guess maybe I'm…
So the outperformance of the Marshfield equity composite from late 1989 thru mid 2020 vs sp500 was 283bps annually. Looking briefly at MRFOX vs sp500 since inception of the mutual fund was approx 260 bps. That outperformance over time is huge.
So…
My original post clearly stated similar strategy, meaning in a different wrapper. So I look at it you got the main manager, running a similar strategy since 1989. Will prolly give you a real good sense of his acumen over time. It's clear the actu…
@stillers - look up performance of Marshfield equity composite...Mr Niemszewski was managing the fund back in late 89' (do your own homework, not like I spent 10 hours researching this)...absolutely blows away SP500...from 12/89 thru 6/2020 composit…
New ruling makes it more difficult for regulators to make up laws that benefit their perspective. Y'all's thinking is clouded by trump derangement syndrome to see why this is potentially a good thing.
ahh...so the lawfare didn't work...Orange Man still standing (ya, I'll give you so far anyways)...and how come no one on this board is writing about how Biden does not have the stamina nor cognition for the role...and who is really running the count…
I dunno Hank...seems like the prof wandered into a Biden rally...no one there...no energy, all fake, no substance, no value and on the way out...but hey, fasten your seatbelts for the dem's convention in CHI later this year...it's gonna redefine the…
maybe be careful with owning stonks/funds w/international exposure...if everyone's favorite candidate on this board meaning The Orange Man wins....or if Biden looks lost in this week's debate...int'l stocks might get stomped...why? Maybe due to thi…
Maximum social security monthly payment for anyone is $4900.
Many many retired government employees are receiving much more in monthly pension payments.
No comparison
What does it matter guys if one has a gov't pension?
Next door neighbor retired grade school teacher..wonderful and spunky gal...her deal is her deal, props to her, she was completely dedicated to educating the youngsters. There is no crying in…
Ya, spot on @balubalu
My concern with foxy was that due to the concentration they'd be what I refer to as stuck in their positions ala AKREX akre focus fund with some overvalued stock holdings. Have reduced position by over 2/3. Might bail all out…
6.5 % 4 soon to be 3 mutual funds
93.5% cash, tbills large majority under 2 year majority, some CDs
3 single family homes, two different states, one being a rental property
Will maybe be purchasing WMT Walmart, Chubb CB, CASY Casey and an infras…
