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.
My current international funds are MIEIX (CIT equivalent) and VWILX.
I'm selling VWILX - it's a very good fund (albeit volatile) but it overlaps with MIEIX.
I don't currently have much exposure to foreign small-caps / mid-caps or EM equities.
Mutual…
The exodus at Matthews Asia continues...
Sharat Schroff will leave Matthews Asia at the end of the month.
He joined the firm in 2005 and comanaged Matthews Pacific Tiger and Matthews India.
It was also disclosed that Taizo Ishida and John Paul Lech…
In the past, emerging markets were a growth story with companies that were often of mediocre quality.
The overall growth in EM countries has decelerated with some notable exceptions (India, Vietnam, etc.).
Conversely, the quality of companies has im…
Added to existing VPCCX holding yesterday.
Exchanged VMSXX (most of it) today for new VWIUX holding.
Exchanged VMRXX for VMFXX (settlement fund) today.
Deployed some of my "cash" and laid the groundwork for a few upcoming portfolio moves.
I don't know if Dodge & Cox is planning to launch any bond ETFs.
The Income Fund is already one of the largest actively managed
bond funds with $64.6B in total assets as of 09/30/2023.
Dodge & Cox launched X shares for most of their funds la…
The Week in Charts (12/17/23)
The most important charts and themes in markets, including...
00:00 Intro
00:23 Is the Inflation Fight Over? (CPI Report)
04:26 More Evidence of Cooling Inflation (PPI, Import Prices, Inflation Expectations)
06:20 The …
The Week in Charts (12/11/23)
The most important charts and themes in markets, including...
00:00 Intro
00:12 199k More Jobs (Jobs Report)
03:31 A Looser Labor Market (Job Openings)
05:52 Housing Market in 2024 (Redfin Forecast)
08:11 Major Equity …
Any suggestions as to which mutual funds one should buy in order to reach that top 1% level?
Our proprietary model utilizes select mutual funds to strategically optimize returns
and compound wealth at tremendous rates.
A real-life example is prov…
Professor Snowball wrote an article about PRCFX in the December MFO issue.
https://www.mutualfundobserver.com/2023/12/launch-alert-t-rowe-price-capital-appreciation-income-fund/
Professor Snowball wrote a good article about QLTY in the December MFO issue.
https://www.mutualfundobserver.com/2023/12/launch-alert-gmo-us-quality-equity-etf/
GARP = Growth At a Reasonable Price
As Yogi mentioned, GARP is a valid strategy.
Remember that strategies can cycle in/out of favor during different environments.
I'm not familiar with these ETFs and their implementation of GARP.
The Week in Charts (12/03/23)
The most important charts and themes in markets, including...
00:00 Intro
00:11 A November to Remember (Markets)
05:05 180 Shift in Sentiment (Sentiment)
08:30 Dow at New Highs (Dow 30)
10:04 The Recession That Never C…
The Big Bang Investors! moderator was inundated with complaints about FD1000 repeatedly
posting about the same things (his 'system', his perfect timing, 'don't listen to experts', etc.).
Sound familiar?
The moderator is a strong free speech proponen…
It seems like quite a few very prominent people have passed away in recent days.
Rosalynn Carter, Charlie Munger, Henry Kissinger, and now Sandra Day O'Connor.
It's a shame disgraceful behavior like this is tolerated or ignored by so many in the House.
I'm pleased though that 311 Representatives voted to expel Santos.
Let's get this scumbag the hell out of the House and in federal prison where he belongs!
M* looked into the Dodge & Cox "trading scandal."
According to M*, Mr. Hoeft's trading was ethical and he did not engage in front-running.
"It’s a stretch to call Hoeft’s trading activity front-running. For example, Hoeft and Dodge & Cox, i…
This concept is right up there with the absurdity of the Cadillac "pickup". Will likely be bought by people with too much money who never did a bit of manual labor in their entire lives.
Bingo!
Good article.
A large number of people have negative views regarding their financial status yet many people
still have "excess savings" from Covid stimulus checks, the economy is humming along,
the unemployment rate is very low, and inflation is de…
Charlie Munger was my favorite curmudgeon investor.
He was Warren Buffett's closest friend and consigliere for many years.
His influence on Berkshire Hathaway was tremendous.
I liked that Mr. Munger always spoke his mind - you knew exactly where he …
The Week in Charts (11/28/23)
The most important charts and themes in markets, including...
00:00 Intro
00:18 The Volatility Crash ($VIX)
05:30 An Unexpected Combination of Events (Higher Rates/Stocks/Multiples)
07:55 Exponential Growth ($NVDA)
11:…
[snip]
It’s tragic because it shows contentment is basically impossible to find. Regardless of how much you make, you’ll always want more. The goalposts just keep moving."
Many people find it difficult to avoid the hedonic treadmill.
Baird muni funds are attractive in the tax-exempt fixed income category.
They have low expenses, are team-managed, and Baird is an admirable firm.
A different team (headed by Mary Ellen Stanek and Warren Pierson)
manages the firm's taxable fixed inc…
After Laura Geritz founded Rondure, there were numerous articles praising her prior record at Wasatch.
I thought ROSOX might be a potentially good foreign fund.
I haven't followed the fund or firm for years.
ROSOX performance has certainly been unde…
The Week in Charts (11/20/23)
The most important charts and themes in markets, including...
00:00 Intro
00:15 The Road to Lower Inflation (CPI Report)
05:43 More Evidence of Cooling Inflation (PPI, Import Prices)
07:00 Will CPI Decline Again in Nov…
The Ferrari 250 GTO is a true classic sports car.
It must be a blast to drive with a 300 HP V-12 engine and a dry weight of under 2000 lb.
Unfortunately, it will most likely be a garage queen.
The Week in Charts (11/12/23)
The most important charts and themes in markets, including...
00:00 Intro
00:16 The Tremendous Two (Apple & Microsoft)
03:35 The Fantastic Four (Apple, Microsoft, Google & Amazon)
06:41 The Enormous Eight (Appl…
Thanks for making me aware of TCIFX! Giroux is equity and Shuggi is an equity quant and allocation guy...
[snip]
Jeff Ptak from M* asked David Giroux: "With the benefit of hindsight, what do you think you might have urged your younger self to do a…
