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 (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…
I own VTMSX in the small-cap blend category.
Like Mike M, I am also not very interested in small-cap growth funds.
Many small-cap growth funds are just too speculative for me.
The Week in Charts (11/05/23)
The most important charts and themes in markets, including...
00:00 Intro
00:24 Bouncing Back With a Vengeance (Equities)
03:17 Investing in a Drawdown
06:08 Improving Bottom Line (Earnings)
09:54 Loosening Labor Marke…
Yogi,
Thanks for your response.
I now understand the context for this statement.
You're referring to the call writing process itself while I compared the fund's performance
to its S&P 500 benchmark.
"Covered-calls don't offer downside protection (beyond the small premium received)."
@yogibearbull,
Can you elaborate?
One facet of the JEPIX approach "seeks to deliver a significant portion of the returns associated
with the S&P 500 Index wit…
This discussion reminds me of why I like to stay away from ”rock star” managers.
[snip]
I've had mixed results investing in funds with "star managers."
When choosing active funds, I now prefer funds which are team-managed.
The Week in Charts (10/22/23)
The most important charts and themes in markets, including...
00:00 Intro
00:15 The Year's Biggest Correction (Equities)
06:09 Earnings Comeback (Big Tech, S&P 500)
10:03 Buying vs. Renting (Housing Market)
17:20 U…
GIM had a sizable allocation to emerging market bonds.
M* categorized GIM as an EM bond fund from at least 2013 until 2018.
From 2019 through 2021 M* placed the fund in the nontraditional bond category.
Since 2022 GIM has been categorized as a globa…
Michael Hasenstab started co-managing Templeton Global Bond (TPINX) on 12/31/2001.
He started managing Templeton Global Income (GIM) on 02/28/2002.
The two funds generated excellent returns for years.
Mr. Hasenstab was subsequently named M* 2010 Fix…
Your comments regarding bond funds in 2022 and 2023 are spot-on.
You have a knack for reporting past performance.
I'm much more interested in future bond fund performance.
Can you tell me which bond funds or bond categories will outperform over t…
Most MFO participants are here to discuss investing.
Overtly political threads can be a major distraction.
These types of "discussions" often devolve into accusations, name-calling, and animosity.
The commentary may be very objectional to some.
AFAI…
Check out the M* HSA article that YBB referenced.
M* has published annual evaluations of HSA providers since 2017.
ISTR that the Fidelity HSA was always rated high as an investment vehicle.
FWIW...
Outflows were significant for many funds with the largest estimated capital gains distributions.
"Diamond Hill Small Cap Fund DHSCX will likely make a whopping 23% distribution. In the 12 months ending in September, the fund’s assets have shrunk by…
Trump and his ilk present a clear and present danger to society/democracy.
This minority seeks to impose their ideology (and curtail freedoms)
on the entire population via the legislative process.
The sheer power craving and authoritarian tendencies…
DODEX was discussed in the following MFO thread.
+1
D&C is a fine house. Low fees for actively managed funds. I was there (no longer am) about 20 years. Always felt like they were a bit more aggressive on their equity investments than some, wh…
I'm surprised by the magnitude of DODIX inflows.
DODIX is struggling this year (-1.77% YTD) as are many intermediate core/core-plus funds.
Maybe these investors are focused on higher expected future returns
instead of dwelling on recent performance …
Yeah, not to mention the incompetent buffoon crime lord we have sleeping in the White House, with all his grossly inept, corrupt appointees running the country into the ground.
The incompetent buffon crime lord lost the election in 2020 and is no lo…
Factoring in current events, the "market" has been incredibly resilient this year.
The recent Fed’s Survey of Consumer Finances indicated the median net worth
of American families climbed 37% between 2019 and 2022 after adjusting for inflation.
Cons…
The Week in Charts (10/22/23)
The most important charts and themes in markets, including...
00:00 Intro
00:12 The 8% Mortgage Rate is Here
03:39 Priced Out of the American Dream (Housing Market)
06:43 Lost Decade in Long Bonds (Bond Market)
11:09 T…
ISTR that many Primecap managed funds have distributed sizable capital gains in the past.
These funds tend to have very low turnover for active funds so excessive turnover is not an issue.
It's probably best to hold Primecap funds outside of taxable…
According to the article, Robert Horrocks decided to "step back from his current leadership responsibilities."
He will remain as a portfolio manager on Matthews Asia Dividend, Matthews Asian Growth and Income,
and Matthews Asia ex-Japan Total Return…
Consumers can be severely impacted by errors and misrepresentations
made by the three major credit bureaus (Equifax, Experian, TransUnion).
A laborious effort may be required to remediate problems caused by these credit bureaus.
Equifax, Experian, a…
The Week in Charts (10/15/23)
The most important charts and themes in markets, including...
00:00 Intro
00:18 How Long Will Inflation Remain Elevated? (Latest)
05:36 Bond Market Doing the Fed's Job (Fed Policy)
11:43 Boomer Spending Boom
13:53 Bank…
A real yield of ~2.39% for 5-yr TIPS presents a good opportunity
for those seeking protection from "unexpected" inflation.
I would be a buyer if I hadn't purchased 5-yr TIPS earlier this year.
This year is challenging for smaller cap funds when the broader index is dominated by the large tech stocks. Only one out three, FMIMX, did decently, the rest trailed considerably. So we pause until the market broaden out. Not indexing in the smal…
From Jan. 2001 through Dec. 2011, the Russell 2000 and S&P 600 significantly outperformed the S&P 500*.
https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=qEr2lFXVGTW5gNPWAJxWs
From Jan. 2012 through Dec. 2022, the S&P 50…
The Week in Charts (10/08/23)
The most important charts and themes in markets, including...
00:00 Intro
00:12 That Escalated Quickly (Bond Yields)
04:36 More Mortgage Pain (Housing)
06:36 Higher Rates, Less Building (Apartments)
08:32 The Coming De…
I received an email from Vanguard a few days ago touting Vanguard Cash Deposit.
This doesn't appeal to me when 7-day yields for VMRXX and VMFXX are 5.29% and 5.28% respectively.
I believe Vanguard would never allow these money market funds to "brea…
The Week in Charts (10/01/23)
The most important charts and themes in markets, including...
00:00 Intro
00:16 Frozen Housing Market
06:41 7 Years Gone (Bonds)
09:14 Fed on Hold (Fed Policy)
12:27 Unaffordable Healthcare
16:18 King Dollar (Currencie…
The Week in Charts (09/24/23)
The most important charts and themes in markets, including...
00:00 Intro
00:37 Webinar Next Week (9/26 @ 1pm EST)
01:06 Are Higher Rates Here to Stay (FOMC Meeting)
08:52 Good Times, Bad Times (Bonds)
17:02 Rising Rat…
[snip]
@hank,
Good questions!
I'm not an expert on robo-advisors.
I recently worked with Vanguard Personal Advisor Services (PAS)
to create a financial plan as a trial exercise.
My thoughts are below.
- Are these robo’s aware that bonds recently …
