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 debt crisis could affect us in 30 days or 30 years(or more). Nobody really knows and futile to build an investment strategy around that.
CA earthquake (The Big One) is a good analogy.
Interesting
PRCFX is less than a year old (automatic eliminate for me despite being run by a star manager. I do hold his TRAIX fund and that has struggled recently).
QLENX has performed a lot better than VNMIX last 3-4 years albeit with a higher l…
QDSNX is a good fund. Also check out AQR Alternative Risk Premia I.
Vanguard Market Neutral has lower returns than the AQR Funds but a lower Max DD is a strong argument for SWAN assurance.
BLNDX has a good track record. I might dip my toes in again (I held it several years ago).
BIVIX (a fallen angel) is also recently showing signs of life.
@Balu: What are the holdings of your DIY GA fund if you don't mind sharing
I ran a MFO screen with params: Age > 20 years, Sortino > 1.00, Lipper Preservations >= 4, 3Y Roll Avg >= 10 and was surprised to see 47 as the result count.
No…
I'm not personally aware of a "true" GA fund with a successful long term(more than 20 years) track record and doubt it is even technically possible.
My personal criteria for GA success is beating a VWELX or Vanguard Balanced with a equal or higher …
This is interesting. What are you looking for in a Go Anywhere fund? I'm not invested in Permanent Portfolio but would you consider that a GA fund? How about a GA fund based on Ray Dalio's principles (at least the public ones!)
Thanks everyone for y…
I view BLNDX as a commodities long-short fund. Manager provides great monthly commentary on his thinking. I owned it many years back but sold off all my position because I found better candidates for what I was looking for in a LS fund.
That said, …
Empower Personal Dashboard is a browser app, there is nothing to download to PC or Mac. It also has decent Android and iOS versions (I use both but the mobile apps are not full equivalents of browser)
https://www.empower.com/personal-investors/fin…
All of Empower dashboard is free. It has quotes and charts (I don't use charts). I have two limited use cases for Empower -- automated aggregation and allocation view.
I use the Retirement Planner on occasion but I prefer PV for that.
I used M* many years back so my info (and memory) is likely dated. M* does not hold a candle to Empower. You don't need to connect any of your accounts to Empower, it can be 100% manual. I agree with the data breach risk of Empower.
Empower is a su…
I've used eMoneyAdvisor in the past through a FA but I'm no longer with that FA and eMA isn't offered retail. eMA is the closest probably to Empower but the learning curve is steep and it isn't as user friendly as Empower.
On the topic, Empower dashboard has definitely deteriorated from a stability perspective after Personal Capital was sold to Empower.
I poked around with a few competitors in order to move on but unfortunately had to return back to Empower because i…
Empower is the former Personal Capital. I use their free wealth tracker dashboard, not any of their paid FA services. I tried to do the same with Fidelity's Full View but did not find it convenient or useful.
Empower is convenient because it can au…
Fair enough. In the manager's own words(in June 2024 letter) BIVIX strategy does not work well when growth and momentum are strong and value is weak. That is what I was attempting to convey in my prior post -- "all boats rising"
Also colorfully exp…
MRFOX is classified as Equity by Empower.
I don't have any fixed allocation targets that I am trying to hit but fwiw, I do use PV to assess every few months if the projected returns of my portfolio will be better than a 60/40 like say VWELX or VBIN…
Hey Balu,
% allocation per position is a level of detail I'm not comfortable sharing. In broad strokes, here are some allocation metrics.
Alts: 46% Includes Real Estate, Long Short, Market Neutral, Private Debt
Equity: 33% Includes US, Internatio…
Here's my portfolio, all commentary welcome! Some of the positions are due to 401k limitations.
QLEIX, CEDIX, QMNIX, NICHX, CELFX, CCLFX, QRPIX, IMPCX, GENIX, MRFOX, XPEBX, CPIEX, DODGX, DFALX, CPEFX, FPADX, TRAIX, CORFX, CBARX, FTIHX, JAAA, BIVIX,…
QLEIX is on fire and I have a large position in it but watching it carefully for signs of hot hands deterioration like BIVIX.
On BIVIX, I scaled down quite a bit starting 2024. Made some decent coin but as with all things in hindsight, should have …
BLNDX certainly doing well this year especially compared to BIVIX (a former hot hands fund that has slipped substantially recently but still has blown out the lights on 3Y performance compared to BLNDX).
I'm hoping QLEIX and CPIEX which are also on…
250K was a hypothetical number to illustrate a point. I have Treasuries of varying maturities across multiple accounts -- I dislike having to frequently login to check whether there is idle cash sitting in the account.
I'm not going to share the de…
@FD1000
We're talking past each other because we don't have the same needs from a brokerage or RIA.
- I'm never 100% in the market so cash earning a competitive rate vs. nothing matters to me.
- I do not have time to login to my Schwab account dail…
@FD1000
Regards your Catch 22 comment --
I could be a card carrying member of the investing Mensa club and determine that I want exposure to PE and private debt interval funds. But I still need a RIA to access them no matter my IQ.
@msf
Ty for that detailed explanation on there being no difference between Schwab and Fidelity regards interest earned on MMF trades due to settlement day differences
That said Fidelity and Vanguard imo are still better imo because one is not force…
Interesting that Fidelity does not allow a buy order on unsettled funds. Could it be due to not having a margin facility on the account?
I Class entry at low minimums is a nice to have. The primary reason for RIA account is access to Alts which is…
@FD1000
"Even if I sell a fund into cash, I buy into MM fund immediately = same day settlement"
How is the above possible when you don't know what the sale proceeds will be(or even that the sale will actually go through) or do you do a conservative…
@msf
With Schwab, if I purchase a new position I have to sell SWVXX the same day because SWVXX will settle next day.
With Fidelity(my understanding) is that the MMF will auto trade and settle next day to cover the prior day purchase therefore MMF p…
Schwab relies very heavily on uninvested cash from customers -- don't know why there is confusion around this. Not offering auto sweeps into a MM fund like Fidelity and Vanguard is not due to Schwab being lazy, it is central to Schwab's strategy. Al…
Opened a new position in CPIEX, eliminated TAKNX, scaled down on NICHX and IMPCX, teed up CEDIX for scale down and IMPCX for elimination. Intend to increase CCLFX.
More than 90% of my portfolio is with Schwab but I would happily switch to Fido if my RIA supported Fidelity
Schwab lacking auto-sweep into a MMF and Schwab MMF settling T+1 vs. Fido MMF same day can get pretty expensive pretty fast if one is not …
