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.
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BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
@Davfor, That topic can be a thread by itself. E.g., accepting a higher inflation target? I am happy to participate in it if you or someone opens the thread.
@Crash, I read the first paragraph in your post and could not progress to the rest of your post. I would appreciate it if you would not mind editing your post to conform to the request in the OP. I would use @yogibearbull as a guide for posting styl…
The simple steeper yield curve thesis is not being currently supported by the market price movement in some of the fixed income CEFs which borrow at the short end and invest at the long end. It is possible these CEFs are anticipating the long end…
I agree with the general notion of industrials being favored.
China will be put in the penalty box. But a lot of Asian businesses are run by Chinese and so our suppliers in those other countries can easily be China proxies, except in India, Kore…
@Crash, I read the first paragraph in your post and could not progress to the rest of your post. I would appreciate it if you would not mind editing your post to conform to the request in the OP. I would use @yogibearbull as a guide for posting st…
Let us assume the economics work out the way the fund anticipates (e.g., without any counter party risks). Without discussing known risks, if you do not anticipate selling this fund and trigger cap gains, is this a good investment under various (…
Just want to remind folks interested in this fund - the fund has a 90 day contingent redemption fees that would be paid to the fund. I have held long enough for the fees not to apply to me should I choose to sell.
"I should look into if Schwab has a moat that allows them to provide poor customer experience and then buy Schwab stock."
I read the Company Report at M* which has a glowing Wide moat ranking. I did not see any compare and contrast against Morgan …
@Baseball_Fan and @stillers,
This is not my thread (OP's) and so my apologies for butting in here. I read both of your posts.
From @stillers latest post, I gather that the total returns were reported in some parts of the report on a gross basis. …
What is the size of R2000? How much bigger than APPL? I am guessing any rounding error decrease in money from the MAG7 could have outsized impact on R2000.
@WABAC,
4% is nothing to sneeze about.
If you have held DIVO in 2022, do you by any chance know why about 50% of its distribution in that year was ROC? At least that is what M* shows. I am only curious. So, if you do not know the answer on top…
Whether we like it or not, the market place (providers) will keep providing what participants demand. I have no issue with the ETF wrapper. Majority of my equity investment is in ETFs.
Option strategies and their variations will keep coming until…
@Devo,
I think the promotional material is poorly worded or deliberately vague about the underlying to give them flexibility but
please see the holdings tab or the holdings at the bottom of the page.
https://kraneshares.com/kspy/
Not 100% downside protection but another hedge equity ETF, KSPY. Dynamic hedging? This time from Kraneshares. Is this an indication Kraneshares feels a need to diversify from their China bets?
https://kraneshares.com/kraneshares-launches-kspy-tr…
I saw that in the link in the OP but it does not tell me the managers' view on currency hedging and perhaps he will never disclose more than the vague language in the SEC docs.
Thanks, @Charles and @Yogibearbull.
That is a big list of services. In which of those services are they #1, 2, or 3 in the market place.
For example, their fund analysis used to be so informative but now the same product is harmful, like the pr…
@BaluBalu. Morningstar's shareholders certainly don't think so! I remain a fan.
Charles,
A few years ago we asked the same question if it is headed in the wrong direction and our answer was what you said. From my vantage, M* had gotten worse sinc…
Baby bonds is a term used for bonds are issued in $1,000 denominations and often trade. These are popular with retail investors. Why would you want to limit OEFs, ETFs, or ETFs to such baby bonds only?
Typos?
I like the direction this thread is headed.
Yogi’s last post has two important concepts that do not get enough attention in the way he put them: fund firm vs manager star power and amount invested by manager in the fund.
Now, the real question is if it's repeatable or not?
Any forecast has to come with a timeline. Please pick the timeline you are comfortable with and tell us your forecast(s), which I will take as just that.
I personally do not put much weight on more than the past 3 years of a manager's performance, except when I want to include unusual periods like Covid. I am not the same person I was three years ago and I would assume the same for a manager and his…
Good article.
Good to see insurance premiums is getting a lot of attention. Hopefully, we as a country will find soon a solution to this chaos.
On a different thread we discussed how insurance companies charge higher home insurance premiums if …
I have not delved into the links @baseball_fan provided. I would cut him or anyone slack if they did not use words precisely to match facts about investments, as long as their posts are in the right spirit. He did disclose that he exited the fund,…
Thanks, @Roy. That is a pretty standard policy for any credible single fund company, including many hedge fund companies. That does not tell me whether the principals are not allowed to invest in any index funds like SPY or QQQ or bond funds or wh…
@WABAC,
I too own XMHQ in both taxable and IRA. Its strange chart from beginning of April tells me there are some idiosyncrasies about this fund I do not understand. (E.g., As a quality fund (with 26 D/C ratio), I did not expect this fund to rea…
@Stillers,
I share the sentiment. Why bother with the drama that comes with small or even mid caps. If you are itching to dip into the cap table, DSTL is not a bad one to consider but it is not as active as you may want.
AUERX has only $60M AUM…
@BaluBalu Thanks , is she the only owner ?
Is that a requirement?!
She likely has her own wikipedia page if you can not get enough from what Catch shared.
A quick update -
June Fund Facts and commentary are out.
https://marshfieldfunds.com/fund-facts/
https://marshfieldfunds.com/commentary/
25% cash
"While the cash we now hold . . . clips our wings a bit in terms of our ability to keep pace with t…
@stillers,
Interesting fund - AUERX. 16 years and only $61M AUM. The fund has done well over the past five years, though it had a forgettable performance before that.
I am tempted to take a flyer on this with a 2.07% ER by selling another fund w…
@Old_Joe,
I do not need any stats to know if Schwab is milking their customers more than their competitors. Personal experience is more than sufficient. Milking can be in the form of money and / or other frictions, and their brokerage sweep featu…
