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 Fed has just started raising interest rates.
There will be multiple rates hikes this year and probably next year to suppress inflation.
Also, the Fed will implement Quantative Tightening (QT) to reduce its $9 trillion balance sheet.
It will sell…
I wouldn't sell my equity investments and put the money into I-Bonds.
However, I would do this with my fixed income investments (~30% of portfolio).
My current fixed income holdings are: stable value fund, ultra-short-term bond fund, and multi-secto…
It's not unusual for the Primecap team to experience periods of underperformance.
VPMAX trailed the S&P 500 the past three calendar years.
Their funds have always bounced back.
I'm fairly certain that VPMAX will generate good long-term returns f…
The couple's goals, risk tolerance, and risk capacity must be taken into account.
A consultation with a fee-only planner may be beneficial.
VTCLX is a good tax-managed equity fund.
I also like Yogi's tax-managed balanced fund suggestion - VTMFX.
I I have been looking at non-Vanguard funds available at Vanguard and for the past two days, when I try to get T. Rowe Price funds to populate, I get this message:
"The information you've requested is temporarily unavailable. Please try again late…
I have a 401(k) and a taxable account at Fidelity.
Previously, my Roth IRA was also at Fidelity.
I've received good customer service the relatively few times that I've called them.
Granted, there were several occasions where I was on hold a bit too …
Another question, how will the bond market reacts when Fed starts to reduce the $4T treasury and MBS slowly?
That's a very good question!
I wish I knew the answer...
I don't recall paying any credit card surcharges at local restaurants.
Some local restaurants have implemented mandatory service charges (aka tipping) and not just for large parties.
Like others have mentioned, it's usually a good idea to use credi…
The dreaded Inverted Yield Curve. Lead indicator of a potential recession.
This is often the case.
However, the Fed purchased more than $4T in Treasuries and mortgage-backed securities (MBS) since March 2020. The 10 Yr. Treasury yield has been dist…
Vanguard's website performance deteriorated significantly for me after their site was updated several months ago. If others are experiencing similar issues, it's probably wise that Vanguard chose not to participate in Barron's broker survey ¹.
¹ I…
A CityWire article was posted several hours ago regarding former PM George Jikovski.
You may need to sign in or sign up to read the article in its entirety.
Excerpts below.
"‘After 15 years at Canyon Partners, George Jikovski, partner and manager o…
After I clicked on the link, the article page said I needed to subscribe to read the entire article.
Same here.
I don't subscribe to The Economist but usually read it at the library.
I browsed the River Canyon Funds (RCF) website yesterday evening and noticed that Todd Lemkin was listed as the RCTIX manager. I didn't check the prospectus since it was late.
I wonder what transpired? RCTIX key-man risk was a concern of mine.
I as…
Stating the obvious, these are very challenging times for fixed-income investors.
I've exchanged my largest bond position (DODIX) for a stable value fund late last year.
My other bond funds (VUSFX, RCTIX) are short-duration funds.
I dislike the curr…
I noticed sluggishness the past few days.
Perhaps Vanguard IT personnel recently started working at M* or vice-versa?
Edit: Just checked Portfolio Manager - it's very responsive at this time.
That's all well and good, but I'm seeing a tremendou…
@Sven,
I use X-Ray via M* Investment Research Center ¹ provided by my local library.
I'm able to save X-Ray results and don't have any M* subscriptions.
¹ Also allows free access to FundInvestor, ETFInvestor, StockInvestor, and DividendInvestor ne…
@LewisBraham,
This is an excellent, very informative article.
I seldom read Fortune magazine these days, but don't recall seeing content of this caliber in recent years.
Thanks for posting!
The performance of my portfolio's individual holdings is checked almost daily (for no good reason).
The entire portfolio is "X-Rayed" from 3-5 times per year.
I usually rebalance annually if the stock/bond allocation varies (+/- 5%) from my target …
Mr. Bernstein believes future inflation may be higher than expected.
According to his observations, many portfolios are not properly positioned for this scenario.
Mr. Bernstein is very bullish on "conventional" energy.
VMVFX grabbed my attention in 2019.
The fund generated category-beating 5 Yr trailing returns with considerably less volatility.
The relative performance for VMVFX deteriorated from 2019-2021.
Like most factor funds, minimum volatility funds will pe…
M* is the provider for Yahoo's performance tab data.
Considering the data source, it does not surprise me that some posters have discovered inaccuracies.
PIGLX generated lower 5 Yr., 10 Yr., and 15 Yr. returns than PGBIX.
The fund was also more volatile and experienced larger drawdowns.
Investors were not rewarded for taking on currency risk.
Total net assets for the PIGLX strategy were $195 MM as of…
Investors need to be mindful regarding M*'s fund category classifications.
Some funds don't fit neatly into one of the available fund categories.
Here are some quick examples that I recall:
NEWFX - classified as diversified EM fund; averages 1/3 ass…
I like the idea of using a couple of target date funds as benchmarks.
I use VTHRX and TRRWX for reference since these funds' asset allocations
and assumed retirement dates roughly correspond with my personal situation.
Alternatively, I could use a c…
I don't have a clear preference for any specific growth funds with less downside risk than category peers.
AKREX (Class I: AKRIX) seems like a good choice but its expense ratio of 1.3% gives me pause.
CSIEX (Class I: CEYIX) has performed well since…
@Hank,
I enjoy viewing The David Rubinstein Show.
The show has interesting guests from various walks of life (business, arts, philanthropy, politics, etc.)
Mr. Rubinstein's thoughtful interview sessions are insightful.
GQG Partners has grown quickly accumulating $90.4B in AUM (10/31/2021) in less than 5.5 years.
Rajiv Jain serves as GQG's chairman and chief investment officer in addition to running several funds.
Are there any concerns about the firm's rapid grow…
"The firms that offer a wide array of strategies and more-nimble funds performed admirably in this year’s Barron’s Fund Families Ranking, which looks at the one-year returns of how each fund company’s actively managed funds performed, based on data …
If the charges are true, Mr. Velissaris has a brazen disregard for the law!
I'm somewhat surprised that he was able to avoid prosecution for so long.
Mr. Velissaris allegedly engaged in this fraudulent scheme from at least 2017 through February 2021.
I'm a proponent of clean energy but oil and gas will still be needed in the near future.
You're absolutely correct that some people are/were overly optimistic regarding the
timeframe needed for the transition to clean energy.
I knew that Ron Baron was really fond of Tesla.
However, I didn't realize that Tesla comprised 50% of a Baron fund.
Yikes, that's a bit too risky for me!
@yogibearbull,
I'm not very familiar with technical analysis.
How reliable of an indicator is the 50-Day / 200-Day SMA death cross?
Do you know if there were death cross patterns for the S&P 500 prior to sell-offs in 2000 - 2002, 2008, 2018 Q4,…
There are many current issues in the U.S. / world which are making investors nervous.
It's difficult to remain optimistic due to inflation, future rate hikes, COVID-19, potential invasion of Ukraine, etc. However, we have little control over these i…
