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.
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?
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/