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.
I remember Janus in the dot com era.
I was invested in Janus Overseas for several years around that time.
Helen Young Hayes' results at Janus Overseas and Janus Worldwide were great for many years.
Performance then suffered - IIRC, asset bloat was a…
I don't know what inflation rate Paul Volker was aiming for.
The Federal Reserve has targeted 2% inflation (not explicitly at first) since at least 1996.
Several other central banks have also adopted a 2% inflation target.
The interesting history of…
It will be interesting to see if the District Attorney indicts any witnesses for perjury.
High-profile witnesses include: Rudy Giuliani, Mark Meadows, Sen. Lindsey Graham, Gov. Brian Kemp, John Eastman, and Newt Gingrich.
Gibson Smith is bullish on the overall bond market:
"Thanks to the significant repricing of yields and risk assets in 2022, the bond market has returned to yield levels of 5%, 6%, 7%. The market is set up for potentially good returns over the next 1…
One year rankings¹ are of little value.
Out of 49 fund families, Vanguard was ranked 21st (43rd in 2021)
while T. Rowe Price was ranked 36th (13th in 2021) in 2022.
The methodology used for Barron's annual Fund Families feature should be questioned
…
Vanguard made the mistake of not licensing its "ETF class of funds" patents to anyone. By now, this idea is quite stale. Vanguard itself has launched some self-standing ETFs in the US, and in Europe, most of its ETFs are self-standing. The Australia…
International stocks and U.S. stocks generally move in multi-year cycles.
U.S. stocks have significantly outperformed foreign stocks for an extended period through 2021.
Relative performance of S&P 500 vs. international developed markets base…
I have never had much success with Vanguard funds, other than the standard plain vanilla stock and bond funds. With a few exceptions they do not seem to know what role they want them to play
Vanguard has several good funds which are managed by Welli…
I'm also a past FMIJX investor.
The fund was sold after my Roth IRA was transferred to a different brokerage firm several years ago.
I generally prefer unhedged foreign equity funds but favor hedging foreign bonds.
The statement below was found in the VGWIX and VGWLX prospectuses.
Hedging equity currency exposure was not mentioned.
Many foreign equity funds do not hedge currencies at all or in any meaningful way.
"With respect to local currency bonds, the F…
Gimmicky funds, but I'm sure certain political partisans will invest in them.
How long will it be before TheShadow posts these funds are being liquidated?
Some Google employees didn't realize they were laid off until they arrived at the office and found that their access badges were deactivated.
This is terrible!
Maybe Google isn't such a good place to work as some claim?
[snip]
In the meanwhile, Meta laid off 11,000 (13%) of their employees and will buy back $40 billion of their stock. It is all about keeping up its stock price. Other big tech including Google, Microsoft and Amazon are having sizable layoff too. A…
I hit a paywall with the Barrons article.
As of yesterday, the 7 day SEC yield for VMRXX was 4.31%.
Is that with or without the fee waiver?
You may want to check if your local library system offers Proquest.
I'm able to access Barron's and Wall St…
I believe, @Observant1, that I bought the Investor shares of the same fund that you mention.
Yes - same fund but different share class.
As Mona mentioned, SIVLX is available at Vanguard where I have an account.
It has a $25K minimum initial investme…
Poor guy. How will he ever get by. Maybe he will need to claim EITC. Which was a joke but we always hear about zillionaires paying zero taxes. If they show minimal taxable income do they qualify for government subsidies?
Maybe he'll pick up a few ex…
@AndyJ,
Thanks for the link to yesterday's show.
This is one of two Real Yield episodes on YouTube labeled 01/20/2023.
Perhaps someone cut & paste the title but forgot to change the day?
Looks like "death spiral by reorganization and mass defections." There was a time when this was a fine shop.
That was then but this is now.
The near-term future for Matthews Asia looks bleak.
I received an email from Vanguard today to "explore Vanguard's newest bond fund."
VMSAX is managed by several members of Vanguard's Fixed Income Group:
Daniel Shaykevich, Arvind Narayanan, and Michael Chang.
Some other funds managed by these folks a…
Here's another excellent source for current information on Covid and other potential epidemics- Katelyn Jetelina- Your local Epidemiologist.
She publishes a newsletter once a week or so. I've been following her information for over a year, and she'…
...And I notice that Katy Griefeld did NOT say she was "standing in for Jonathan Ferro."
Yep, looks like Katy's it.
I have nothing against Jonathan Ferro but Katy Greifeld is very easy on the eyes.
It's always a shame to me when you get and lose a decent human being as a political leader. I totally understand and believe her reasons for stepping aside and admire her for the work she did. Her positions took guts and humility and seemed always …
@MikeW,
Professor Snowball mentioned several EM stock funds in his recent Investor's Guide to 2023 article.
Seafarer Overseas Value (SIVLX) seems to be a good choice in this category.
Link
According to Tipswatch, non-seasonal inflation usually picks up from January to March.
Consequently, the May 1 variable rate for I Bonds might not be heading to 0.0%.
We'll see what happens...
Link
@LewisBraham,
Several Morningstar articles had mentioned the use of quantitative research for DODEX.
"Dodge & Cox isn’t normally associated with quantitative work, but quant analysis can serve fundamental strategies just as well as tactical tr…
Stock selection for Dodge & Cox Emerging Markets Stock (DODEX) relies on quantitative research
but the firm's other funds mostly depend on fundamental analysis.
DODEX also has far more holdings than other Dodge & Cox equity funds.
Not saying…
A local Long Island newspaper (The North Shore Leader) reported about George Santos before the election.
Since this paper reaches about 20,000 people, few outside of Long Island may have been aware of his antics.
Link
@hank,
I can appreciate your personal position.
In the past, I've strongly endorsed certain mutual funds which I thought were excellent.
The problem is we all have different goals, risk capacities, risk tolerance, etc.
Now when someone asks for f…
