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 agree with yogi that FCNTX and PRWCX isn't an apples to apples compare.
For investment period commencing June 1, 2006 to present day an investment of 10K would be valued at 46K for Danoff and 42K for Giroux. But the ride was a lot more turbulent …
Giroux makes big high conviction bets but his long term track record is pretty strong. I don't think Giroux performance(or most long tenured managers) can be judged by any time period less than 3 years.
Always a risk of a long term performance goin…
Both funds have their strengths. Giroux long term performance has been outstanding and I'm happy with PRWCX.
Owning BRUFX requires a long term mindset because it has underperformed in stretches.
That said, rolling returns imo is a better measure t…
The term lobbying always amuses me -- because the rest of the world calls it and sees it for what it is. More appropriate descriptions would be bribery and greasing the palms.
But the USA is also the land of the corporation being a person with same…
Haven't been following BRUFX recently but followed it closely for many years. I don't recollect this amount of cash being unusual for BFUFX at major inflection points. BRUFX makes high conviction bets and isn't scared going off the beaten path.
@BenWP
SVARX has a high turnover and changes allocations aggressively. This fund makes big bets with high conviction. It can also hold short positions and derivatives.
Long term performance for a bond only fund is impressive. Inception is 2013 a…
There isn't a hard technical blocker for the non-online versions to do the same thing as the online versions.
This isn't a shocker anymore in an age where data collectors would sell their own family members for a buck.
There's no such thing as a "…
The gobbledygook in the CNBC article is embarrassing. If an external auditor only relies on client flags to review a transaction, the auditor has already failed and their license should be yanked.
If the money cannot verifiably exist in a bank acco…
Think of the FTT token as the equivalent of airline miles, Starbucks rewards or Disney dollars. Each of these has value because of the public trust in the institutions issuing the "currency" and more importantly the ability of the holders to exchang…
@ga6742
Setting aside the crude behavior, continuous
lying on any topic big or small, "policies" of ignoring the perils of Covid, advocating bleach as a solution, instigating an attack on the US Capitol, threatening to withold aid to Ukraine for p…
We have some ways to go to get to pre Newt era. Gaetz and Green got elected quite easily and Boebert might win too. Ted Cruz, Josh Hawley and Tom Cotton still remain at large and haven't been returned to the zoo.
Perennial liar and Trump acolyte H…
FWIW, I think Ethereum is the "safe" bet on crypto because Ethereum is setting itself up to be the equivalent of http.
** This is not investment advice, buyer beware.
Crypto as a currency is mostly nonsense. Crypto as a means to power blockchain has some legs.
The simplest way to think of crypto is that it is a protocol to power a decentralized web (aka web3) Whether a decentralized web will take off is unknown,…
@Lewis -- I would argue that ARKK also engages in a form of value investing if you broaden the definition of value as paying for something today that you expect to sell for higher tomorrow. ARKK is obviously using growth and discount rate assumption…
Agree traditional balanced funds don't work when bonds and stocks both go down. This is an environment for long-short, alternative or managed futures funds. Those come with execution challenges too but recently have been doing better than the tradit…
I read Hussie commentary for many years. Good writer and it all made sense and I was invested with his fund for many years but turned out to be a money loser.
In investing, unfortunately one has to be right and get the timing right too.
Yes BLNDX and MAFIX are managed futures funds. Neither of them to my knowledge invest in individual equities or bonds. MAFIX is up more than 8% YTD, pretty solid.
Photos are usually intentionally chosen depending on the slant of the author and publisher. Media outlets on both sides do it. You'll either see Pelosi's or McConnell's 3 chins depending on the media outlet.
Media long stopped being an arbiter of t…