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.
"Our Alpha Analyzer tool suggests the Russell 3000 Index as the most appropriate benchmark, but we select the S&P Growth Index given the focus on large-cap growth stocks and similar tracking error and correlation. We observe that VPMCX generated…
Ken Leech, co-CIO, began a leave of absence after receiving a Wells notice from the SEC.
John Bellows (head of broad markets team) suddenly left Western Asset on 05/01/2024.
These are substantial developments regarding key personnel at Western Asset…
The Week in Charts (08/23/24)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:19 Free Wealth Path Analysis
01:48 Topics
03:18 From Panic to Euphoria
06:23 Frontrunning the Fed
08:47 Is the Unwinding of the "…
A local library system was impacted by a ransomware attack which occurred Memorial Day weekend.
I loathe the cybercriminals who do this!
https://shelftalkblog.wordpress.com/statement/
@WABAC
Interesting results for LCORX vs. the two replicating portfolios.
The "replicants" generated lower max drawdowns, higher CAGRs, and higher Sharpe/Sortino Ratios.
LCORX has a high expense ratio (albeit average for its category per M*) which d…
@Devo
Thank you so much for sharing your expertise!
I have not created a replicating portfolio yet but will do so after reviewing your corresponding article.
Truth be told, I'm generally not very fond of "alt funds" since they tend to be overly com…
I don't know if TCAF will be more tax-efficient than broad-based
US large-cap index mutual funds (e.g., FXAIX, SWPPX, FSKAX, SWTSX).
However, TCAF should be very tax-efficient due to the creation/redemption mechanism inherent in ETFs.
M* classifies LCORX as a tactical allocation fund.
For the most part, a moderate allocation fund would serve the same purpose in my portfolio.
With this in mind, I compared LCORX to three well-regarded moderate allocation funds.
Since 05/01/2009 (co…
The White Coat Investor (Dr. Jim Dahle) list numerous portfolios from William Bernstein,
Rick Ferri, Scott Burns, Bill Schultheis, Paul Merriman, Harry Browne, Bogleheads, etc.
There are plenty of good examples demonstrating portfolio construction.
…
The Week in Charts (08/16/24)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:24 Free Wealth Path Analysis
01:02 Topics
02:12 The Biggest Volatility Crash in History
05:55 A V-Shaped Rebound
09:52 Down Goes …
"Recently listened to an interview which touched on the subject.
From an experienced investor: 'I don’t need to look at my statement daily.'
He went on to say that every 3 months was enough."
I check fund performance via M* Portfolio Manager almost…
From: M*
GQG -> NVDIA = 10.X% (top investment)
QLTY -> MS = 7.X% (top investment; NVDIA not found in M* top 25)
This might account for *uneven* results over short period of time.
The last time I checked, QLTY didn't hold NVDA or TSLA but it…
Multiple prompts for computer verification would be rather annoying!
I wonder what has changed?
I've only been a Schwab customer for ~50 days but found their reps
to be helpful in resolving issues and answering questions (via phone and email).
I've…
I wasn't a member of Fund Alarm during the GFC era but am interested in the general tenor
of remarks during that period. I'll use the Wayback Machine to investigate further.
I didn't have much money allocated to equities in 1987 since I was young and "poor."
Having read a bit about investing, I thought the 1987 market crash might present a buying opportunity.
Despite this knowledge, I didn't actually take advantage of t…
He really needs some quality recovery time in a private cell furnished by the federal government.
Wouldn’t that add to the deficit … ?
Although change of residence would slightly increase the current budget deficit,
I believe this is money well s…
The Week in Charts (08/09/24)
The most important charts and themes in markets and investing, including:
00:00 Intro
01:08 Topics
01:52 The Nikkei's 1987 Moment
06:12 A Monday Morning Panic
14:21 Is Buffett Turning Bearish?
20:41 Do We Really Need a…
"I think that in my case, I made a lot of money, I was very successful, and I think I have a better instinct than,
in many cases, people that would be on the Federal Reserve or the chairman."
The fact that Trump's companies filed for Chapter 11 ban…
"Customers of Charles Schwab, Fidelity, Vanguard, and other large brokerage firms complained about
log-in troubles Monday morning that left them unable to access their accounts amid a global stock market selloff."
https://www.msn.com/en-us/money/sa…
Thanks for the vintage WSW link.
Parts 2 and 3 of the original broadcast are also worthwhile.
Unsurprisingly, John Templeton provides sage advice.
While I frequently watch the current iteration of WSW, it pales in comparison to Mr. Rukeyser's versio…
"CrowdStrike (CRWD.O) on Sunday rejected a claim by Delta Air Lines (DAL.N)
that it should be blamed for flight disruptions following a July 19 global outage
sparked by a faulty update, and suggested it had minimal potential liability."
"The CrowdS…
Futures for the Dow, S&P 500, and Nasdaq 100 were down 3.1%, 4.3%, and 6.2% respectively at 5:00 AM.
"The Nasdaq is leading markets lower in premarket trading as futures drop early Monday,
led by technology stocks, after a big retreat on Friday…
Braham is paywalled for me
Try this...
https://www.msn.com/en-us/money/other/this-go-anywhere-find-beats-99-of-its-peers-what-it-s-buying-now/ar-AA1jWToe
Selecting Vice President Harris as the Democratic nominee could have been a divisive and drawn-out affair.
It's great to see the overwhelming support she has received.
Ms. Harris may fare better than Joe Biden with blacks, women, and independent vot…
The Week in Charts (08/02/24)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:49 Topics
01:52 Bad News Is Bad News Again
06:48 The Biggest Correction of the Year
11:59 50 Bps in September?
18:41 Bonds Are Ac…
The Health Care Fund generated excellent returns during Ed Owens's tenure.
I wish I had owned it back then!
Last time I checked (perhaps 1.5 yrs. ago), performance during Ms. Hynes's tenure was middling.
Perhaps 80% of OEFs / ETFs are "unnecessary" and their disappearance wouldn't impact most investors.
The number of publicly listed companies has decreased significantly from the 1996 peak.
"The count of publicly listed companies traded on US exchan…
"Morningstar’s long-term government-bond category, for example, attracted significant net inflows during 2021, right before the bond market’s historically painful drawdown in 2022.
Because of this pattern, investor return gaps (the difference betwee…
Half cash and half balanced? For a young worker? Just no
An optimal portfolio for many young workers (early 20s to mid 30s)
would be allocated predominantly, if not entirely, to equities.
After all, young workers' risk capacity is great and equitie…
I read his comments from The Believers' Summit.
Trump aspires to be a dictator for life.
His admiration for Vladimr Putin and Viktor Orban stems from their "enviable" status.
What a narcissistic SOB!
How can someone with such great disdain towards t…
As mutual funds mark their 100th anniversary do they still work for investors?
Answers from Morningstar’s mutual fund maven, Russ Kinnel.
https://wealthtrack.com/as-mutual-funds-mark-their-100th-anniversary-do-they-still-work-for-investors/
MFS cre…
Vance supposedly had an epiphany and became a converted Trump supporter.
Perhaps he's just another opportunistic, power-hungry politician?
Regardless, Trump diminishes everyone in his immediate orbit.
