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 am a shareholder in sequoia but if I were not I would certainly want to know the current % of Valeant in the fund. Most investors in mutual funds are probably not interested in a fund whose fund NAV moves on the basis of one stock and not the m…
I am a somewhat unhappy Sequoia investor though it has worked out over the many years I have owned it.But these I am shocked remarks remind me of Casablanca. Not only does the prospectus make it very clear that you might get stock bui that fact is v…
I was sure it was April fool but there were 9 comments by the time I saw it so I hoped that some were clever Am a little disapointed in the responses though I applaud Ted's initial post
The article sort of answers its own question. Basically only an idiot would be excited at the market at this time Most I know are holding on and hoping to survive without a significant loss.
An argument for index funds is that active managers in part are going into cash That will be good for performance until the market turns around I don't have the data but suspect few large cap managers outperformed the S+P500 index between March 9 …
Made some purchases Wed and Thursday but not so happy today having done so . Having now decided I am not the greatest market timer will wait for the market to rise two days in a row. I then expect to buy the third day if the market is up as that w…
Actually there are lots of chances for ties. For example If the number 123456 wins you can bet there will be lots of winners Similarly in large part because 7 is considered a lucky number 7 14 21 28 35 42 is a not unlikely winner that will have lot…
I sort of agree with what was implied by Lewis B and challenge Dex a little . What would you do to change the situation" , Assume hypothetically you are head ofa family of three in cleveland making 40k in a non union job with a high school degree
Fidelity does not come across in this one I was particularly troubled by the reference to one person checking 6000 warnings by the automated equipment.
Maybe its just me but raising the cost of everything I buy by 20% will sharply reduce the number of things I do buy . If I am somewhat typical this will really hurt the economy.Yes I know I may have more money to spend If my income taxes go down b…
I would suggest a cautious hedged portfolio with no guarantee this would out perform
PRWCX whose managers make an asset allocation decision for you . Clearly you should feel free to substitute any of these funds for a substantially identical fund yo…
I am uncertain if what caused their problems was greed .I.e not closing the fund when it started getting really large. Still . even though recent quarterly reports have been fairly candid about poor performance they have not suggested size as a key…
Why would anyone ever do 10% bonds at age 35?
Not sure I understand the question . If you think its too few bonds I sort of agree but there are plenty of people that age who are 100% in equities. If you think its too many bonds I would argue that i…
I wonder how many fall into my category. Over the years I collected a large number of fund mostly good ones.While I would not now buy at least 10 of the funds I own I do not wish to sell for tax reasons though I would sell if they started doing bad…
Thanks for the link By reading a few stories on the page it is quite clear that this publication violates Moynihan's principle: You are entitled to your opinion. But you are not entitled to your own facts.”
It might bea problem for the long term investor who picks the wrong day (or time of day to sell) I want to know what to do as the only lesson I learned is don't buy or sell in the first or last 15 minutes. What lessons should I have learned?
I would consider value cost averaging http://www.investopedia.com/terms/v/value_averaging.asp
but note that since you went to 50-50 because you were nervous it may mean that 75-25 is not truly for you and you should consider the classic 60-40
I think we have all got into the habit of buying and selling mutual funds in the last 15 minutes. The lesson is don't try that (in the first or last minutes with ETFs or individual stocks
I don't have the data but would like to see a comparison between these alt funds and a quality (AA or better short term bond fund. That seems like a better hedge and much cheaper
Ok I will stick my neck out and say growth. Growth has done much better this year during the market's rise and I will assume the trend will continue. Besides value means oil and financials and perhaps utilities .For those I think I will wait for ta…
I thought for most humans with risk tolerance 80-20 worked best as it showed little gain given up compared to 100% equities and was much smoother. To me the real interesting asset allocation issue is whether to invest in international and whether t…
This is bad news for holders of contrafund in taxable accounts as it will probably lead to a significant increase in capital gain distributions. I suppose the best case is that Danoff becomes bullish in about a month and takes almost all of the $900…
I confess I did not know the manger of Fidelity Biotech was particularly good. I just though the fund performance was mostly a function of being in the right sector.
I confess I do not live lavishly but believe there are lots of people like me. I for one would spend less money if there was a vat tax as I would be familiar with what things cost before the VAT tax. I anticipate I would feel things were overpric…
The total stock market funds are generally tax efficient.ETFs are often tax efficient Vanguard has tax managed funds. I like Tax manged capital appreciation . Owned it 20 years with NO capital gain distributions It invests in roughly the largest 100…
I am confident gold will hit 5k an oz though I do not expect to be alive when that happens. Hopefully I will be around for gold at 2k which may happen within 8-10 years. This is NOT a prediction. I am actually planning to buy gold at $1050 and the…
The problem is easy to solve but the problem is the same as whats stopping the Highway bill .Tax and spend is a good and fair description of democrat policies but the republicans seem to be unwilling to raise taxes even to pay for worthwhile things
Sort of Ted but by going to the horses mouth (THE WSJ) we learned about Disney ). Still your right in that this is a key issue worthy of informing visitors to this site. Who knows two posts might help make a greater impression. I am not selling ye…
too lazy to check whether the Steadman funds still exist (obviously not under the same name !0+ years since this link
http://articles.baltimoresun.com/2002-04-14/business/0204130137_1_steadman-funds-account-activity
I have owned Gabelli asset GABAX fora long time .Recently results not good but my point is its about the only fund managed by Gabelli and it did outperform Not sure investing in the other funds (which did less well ) wasa good idea
There isa Barbra Streisand film ,"whats up Doc " where she says those words to Ryan O'neal(the youngish person in Ted's Clip) and he replies " That's the stupidest thing I have ever heard"
