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.
Never invest in countries that do not respect property rights. The best long term performance has been in anglo Saxon countries such as UK, USA, Australia,etc. We can debate the reasons why but one major common theme is they all respect property r…
All good here, question for @stillers. My perception is that you were an investor during the dot com era...we all know what happened to the tech companies then...lot of momo, hype etc...maybe not a good comparison agreed. But...we do know what a d…
Did ya know that lead times for NVDA chips are really getting shorter? Not a good sign. Do they palo alto networks after the close if they miss? Down 30% the next two days? Too binary and too much of a gamble for my tastes...
Don't listen to me,…
additional thoughts re MRFOX...
It is NOT a long/short fund. It is NOT a tactical allocation fund. Nada, nope.
Composite record, going back 30+years from 1990 thru 2020 is ~ 283 bps above SPY
Low beta, ~30% less volatile and less correlation vs ma…
Bigger question...is investing by fundamentals archaic? Isn't it all about sentiment and flow from cap weighted index funds driven by 401ks and thus driven by white collar professional class investing every paycheck?
Or is this financial system wh…
Hard pass, no thank you.
Said it on here a couple years ago, stated back then I wouldn't invest a dime in China and that was the right call.
Why would you risk moving monies and investing in places where most couldn't pick them out on a map, don't…
Hopefully the link worked. if not just put in your browser.
Marshfield equity composite from 2007-2020
might give you a longer track insight as to performance....note cash levels at 23% in 2007...
I've been following the fund a long time, did s…
I've been real pleased with the fund. Available thru Schwab. Really like the pedigree of the principals. Drawdown has been reasonable for a one foot out the door guy like me . I believe that all associates are required to invest in the stock mar…
Added to MRFOX (largest holding outside of cash), staging slowly into PHEFX, doubled TSUMX holding, completely sold out of PVCMX and VELIX, still rolling mucho 6 month Tbills....
@FD1000... thanks for the links... nice work pertaining to your investments...the link indicating the results from the expert prognosticators had me chuckling out loud.
Baseball fan
@FD1000...so would it be correct to say you worship at the alter of price momentum? Or trend? Aren't you setting yourself up for reversal risk?
BTW, completely agree with you, the experts are guessing like anyone else and it's all about who can p…
@BaluBalu. Not sure if you caught Sebastian Page from t Rowe on wealth track recently. He mentions in regard to the 60/40 portfolio allocation you might now consider taking 10 of the 60 and putting it in hedged equity and 10 of the 40 and place it…
I just hope cinammond doesn't turn into another hussy. Commentary is very astute and rational but does he make you monies and or lose you monies via opportunity costs?
I've reduced my holdings on pvcmx and put those monies in 6 months tbills
I believe William Bernstein has stated he doesn't believe in investing in corporate bonds, only invest in treasuries if buying bonds. Thinking is that when economy tanks, stocks tank and corporate bonds have the characteristics of having 10% equitie…
@crash. Nah, no humble bragging here, to be completely honest I actually typed 30 years and then changed it cause I thought it would be thought as even more out there... LOL!
I've pre ordered the upcoming Jared Dillian book. No worries stress fre…
@msf...I would not be comfortable having anything less than 20 years of cash/tbill/gold (not paper) of funding for your current lifestyle living...and then, only then invest in the markets. Ya, I know, most would say this is nuts....my reply would…
Just goes to show that the stock market is NOT a utility, doesn't care that you need 7% annual returns to fund your retirement and it is very risky...what have we had like TWO, 50%+ drawdowns in the past 15 years or something and another couple -20%…
@sma3. +1
You're over the target. All investing models are based off assumptions which may or may not work in the future despite working in the past. Largest decision to make is asset allocation and how much cash tbills you want to hold to meet…
Would the class view it more important to work with an excellent CPA rather than an advisor? I do.
Also, I remember a convo I had with my VP Engr in the late 90s. He and his wife were in their mid 50s at the time and had done well in their career…
Really lousy performance....kinda think (know) sitting in my underwear half drunk throwing darts at a stock name dartboard would have gotten better results .... Several years ago I had some monies in that fund, thought the holdings were financially …
Does anyone want to share their thoughts regarding PHEFX vs VELIX? I'm fairly pleased with the VELIX fund so far after investing in it. First heard about it from an article that Dennis Baran wrote here on MFO.
These funds are what I'm looking fo…
Bring back the McDonnell Douglass MD80s.. fast planes, flew great
Whatever happened to if it ain't Boeing I ain't going?
Not sure if I'd feel comfortable on a dreamliner 787, lot of composite parts on that one and lot of outsourced sub assembli…
" time tested magical thinking...". Too funny @wabac. lol
Wasn't there a fund years ago that was very successful in that it assigned placeholder identifiers for each stock, only looking at financial metrics/performance and took the bias of actual…
....annnddd....she gone...good riddance, don't let the door hit you on the ass on the way out....
Context....depends on context....sheesh, who elects these idiots into leadership roles??
I dunno @MikeM, I give FD just as much credibility as anyone else who posts.. he's got good investing experience as well as life experience. We can always learn something from each other and ya sometimes have a few chuckles and disagreements as wel…
...one would have to take into consideration several factors if one decided to limit the number of funds.... key nan risk, reputation, scale and financial strength of the fund company, diversification within reason, drawdown performance, bench stren…
@FD1000, +1
You wonder how long Harvard can hold onto to their incompetent DEI hire.... really damaging to their brand not launching her ass. Six more allegations of plagiarism.....
Screw her and screw Harvard. Make those SOBs pay taxes like th…
Ah, nothing wrong with shooting the breeze...only time you way to keep the convos on point is when speaking with an attorney who's on retainer. Good grief...LOL!
Ah, sure,...the libs absolutely cannot stand that they can't control the narrative just like all the utter bullshit on the MSM. So now you see the hit pieces on musk. Like him or not for certain he is a modern day davinci and Edison rolled into o…
a comment and a question....
Not sure if it was Pfau who stated this...but there's a concept that the riskiest time for investors are 5 to 7 years prior to retirement and 5 to 7 years after retirement...the ole' sequence of return risk...so thinki…
