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.
The Week in Charts (02/05/24)
The most important charts and themes in markets, including...
00:00 Intro
00:20 A Blowout Jobs Report
02:45 Say Goodbye to the March Rate Cut (FOMC Meeting)
06:54 A Year of Central Bank Easing
08:38 Money Making Machin…
This decision really depends on the individual investor.
Actively managed funds may underperform the broader market
for several consecutive years and returns could be "lumpy."
For example, VPMAX lagged the S&P 500 and Russell 1000 indexes in 201…
This was a good interview where I learned more about the Primecap's team operations and philosophy.
Thanks for posting!
I completed a Vanguard survey earlier today and the firm apparently is considering reopening
the Primecap and Capital Opportunit…
I don't think any country will be exporting deflation to America in the near future.
Recent nearshoring and onshoring trends are inflationary (and not just for the U.S.).
The combination of an aging labor force and short-sighted immigration policie…
The Week in Charts (01/28/24)
The most important charts and themes in markets, including...
00:00 Intro
00:17 What Tends to Follow All-Time Highs?
05:15 Will Small Caps Have Their Day in the Sun?
10:28 New Member of the Trillion Dollar Club
17:17 T…
"Dropping off the mail into the mailbox minimize the risk of stolen mails"
@Sven - be aware that in a number of major city locations, including the San Francisco Bay Area, thieves have acquired keys to many of the local drop-off mailboxes. They hav…
I seldom write checks anymore.
My average annual number of checks has been ~6 the past few years (property tax, vehicle registration, dentist).
An online bill payment platform is used to make the vast majority of payments.
I purchased Uniball "207…
I've been contemplating down markets as we make new highs in some areas of the market.
[snip]
Long term treasuries have historically appreciated during periods of equity down turns. This was not the case most recently as we witnessed both equities …
The Week in Charts (01/21/24)
The most important charts and themes in markets, including...
00:00 Intro
00:24 Is the War Against Inflation Over?
03:30 Signs of Cooling Inflation All Around
05:16 Early Read on January CPI
09:59 Is the Fed About to M…
No matter how you tweak it, it seems to me the key is to have enough $ in stable value investments ( ie cash and/or short term bonds) to avoid having to sell during a prolonged down market just to get money to live on.
[snip]
I totally agree.
The …
The 3 bucket strategy increases complexity and requires too much maintenance.
The author's recommended approach seems prudent:
"Beyond cash, all a retiree needs is one 'bucket' for investments.
The portfolio would hold between 50 and 75% in equities…
The current geopolitical situation presents many risks to global world order.
U.S. defense spending levels will, in all likelihood, remain substantial when these risks are considered.
With $34 trillion in national debt, what will be the knock-on e…
"I also wonder if money flowing in / out of ETFs “at will” might pose some specials challenges for managers?"
Investors in certain ETFs may face challenges when selling shares.
If investors sells shares of ETFs with illiquid underlying holdings dur…
Boeing has declined since its 1997 merger with McDonnell Douglas and subsequent headquarters move from Seattle to Chicago. Boeing's renowned engineering excellence was neglected as the corporation emphasized near-term profits post-merger.
Wow!
Laura Geritz received many accolades in the press before and after she founded Rondure Global.
According to M*, Rondure Overseas Fund only has $9.5 Mil AUM.
As TheShadow mentioned, probably not worth the effort...
Rondure New World Fund still r…
If the orders were placed before 4 p.m. ET, the share purchase price should have been the NAV close that day.
Unless the transaction request was not in "correct form" - whatever that means.
From the prospectus:
How the Trade Date Is Determined
"If …
The Year in Charts (01/07/24)
These were the charts and themes that told the story of 2023...
00:00 Intro
00:15 The Wall of Worry
02:55 The Pain Trade
04:35 A Run on the Bank
09:36 A Different Kind of Fed
14:06 AI Exuberance
18:03 The Magnificent S…
"Apparently, a lot of their top managers quit."
Yes, many Matthews Asia portfolio managers left the firm.
This was previously discussed in the MFO thread listed below.
There are a few other related MFO threads regarding Matthews Asia.
https://www…
A 525 lb. bluefin tuna recently sold for nearly $800,000 at Tokyo's largest fish market.
Hmm... Maybe my portfolio should include an allocation to Grade #1 bluefin tuna? :-)
https://www.japantimes.co.jp/business/2024/01/05/tuna-new-year-auction/
Long ago on several occasions, I caught a few school tuna (think they were all yellowfin)
which weighed approximately 50 lb. - 75 lb. Great fighting fish and delicious to eat!
[snip]
Does it seem like a high proportion of ETFs fail to last for more than 5 or 6 years?
Much greater rate of attrition than mutual funds ISTM. Might be wrong.
[snip]
You are not wrong. The attrition rate for ETFs has been high.
"As of Dec. 13…
"Simple" question: what do you think will generate better results for Joe average investor during his lifetime...holding up to 5 funds and hardly trading, or using 10+ holdings with more trading?
[snip]
Let's not conflate trading with the number of…
Made 2024 Roth IRA contribution and placed order to purchase additional Vanguard Primecap (VPMAX)
shares tomorrow. Also used earmarked cash to bring VPMAX acquisition up to the annual purchase limit.
"The difference between FD and most here is that his trades are always in the past - sometimes by weeks or months. And, from what I can tell, those never mention specific funds."
FD has posted on various investing forums for over a decade.
From my …
"Further, someone with 3 different accounts (taxable, Roth, Traditional IRA) might find reasons to hold more funds than someone with just one type of account."
Exactly!
It may be difficult or potentially counter-productive for investors with multip…
Why use M* screener at all when Fidelity is a robust one, includes ETFs, and free?
Because Fidelity's excludes funds that Fidelity doesn't carry.
This is good to know!
When screening mutual funds, I often rely on Fidelity's mutual fund screener.
Po…
@MikeM,
Barron's published The Best Income Investments for 2024 yesterday.
REITs are mentioned in the article.
FWIW, Piper Sandler analyst Alexander Goldfarb believes the sector's outlook is good.
He likes Simon Property, Brixmor Property Group, Ki…
The Week in Charts (12/27/23)
Put these charts on your wall. Topics:
0:00 Intro
00:23 Overbought! Oversold!
01:08 Credit Card Rates & Mortgage Rates
01:55 Fed Policy & Stock Market Returns
03:30 Mortgage Rates & Home Prices
04:20 The St…
Sold Vanguard International Growth (VWILX) yesterday.
Used proceeds to purchase Seafarer Overseas Value (SIVLX) today.
VWILX holdings overlapped with my core foreign stock fund.
My portfolio also had minimal EM equity exposure.
I haven't owned a ded…
Added a little bit to existing Vanguard Intermediate-Term Tax-Exempt (VWIUX) position.
Proceeds came from another fund's recent capital gains distribution.
Thanks, @Sven.
EM can definitely be risky!
My top contender in the EM equity category is SIVLX.
As you mentioned, Seafarer has an experienced management team
and SIVLX provides a "smoother ride" than most EM equity funds.
You're fortunate to be in…
@PRESSmUP,
Thanks, I do have GQGPX on my list.
GQG Partners' rapid growth and high key-man risk (Rajiv Jain) are concerns.
What are your thoughts regarding these issues?
