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 haven't checked performance of Royce funds recently. A while back (and I held on for a while), I invested in Royce small cap value. It was lights out when Whitney George was running the show (he was the show for several Royce funds of course). …
Third avenue value is also now silver at Morningstar. I guess Heebner closed his CGM focus fund that was up there in terms of returns and then the bottom fell out. One of these days, I will listen to Bogle, Markiel, Ellis, ... On a different topi…
Why would anyone own PSHZF (you have to pay $50 to buy at fidelity each time and it has a performance fee) if the above is true? Bill would be managing two closed end funds. Something doesn't add up
Unfortunately, I am very slow in picking up when a manager loses his mojo. I keep hoping for a turnaround. hope springs eternal in my world. Thank you for your replies
@BaluBalu. Here is the link. https://info.crossingbridgefunds.com/3q23-review-outlook-webinar-replay?utm_campaign=10-23 Webinar&utm_medium=email&_hsenc=p2ANqtz-8Il_iVsVqcHXWf-S1TM01tE3AtxOrw415pTSgrZsAOnVUAErZW0yHbI0PLQpW1B1qFGvlxu…
Thank you msf for your explanations. So if I understand it correctly, a company can default on its high yield bond and not file for bankruptcy. Sorry for being a novice. Venk mentioned in his latest (I think) report that he is exploring options t…
I invested in ZEOIX $ that I inherited after my dad passed away. I was attracted by the absolute return mandate. I ended up losing $. I guess I should have done my homework. I am confused how someone investing in high yield bonds (and some low r…
Instead of cutting losses quickly, I have often employed average down. That turned out to be a disaster for some funds. Ones that stand out are ZEOIX, and Third Avenue Credit fund. Interesting that both of them are high yield bond funds. I guess…
so the issue I found with investing in funds directly is that if you need to change beneficiary they often ask for medallion signature. I am a Bank of America customer which means I have to deal with someone from Merril Lynch to get a medallion sig…
Morningstar also named Bruce Berkowitz (Fairholme) fund manager of the decade in 2010. From Morningstar website today, FAIRX trailing returns: 10 year 5.83%, 15 year 5.25% (vs. SPY 10 year 12.34% and 15 year 9.8%). I can't remember when Morningst…
Hi Dennis Baran and LewisBraham, Thank you for the info. I also own ARTKX (Artisan international value), DODFX (Dodge & Cox International) and ARTJX (Artisan international small-mid). PPIVX was my defensive international fund since it owned at…
I used to own IVA worldwide and that was a tragic ending to DeVaulx the fund manager. The other co-manager left prior to DeVaulx shutting operations down. Very sad. Hopefully that is not what is going on at Phaeacian. However, I sold all my shar…
Hi all, so I have owned FAIRX for a long time. I briefly bailed when Morningstar gave it a negative rating back in 2013 (I think) but came back. It has been rated negative by Morningstar for a long time now. I am holding on in the hopes that Fann…
Thank you Sven for your reply. I am hoping that Vanguard will email me when my tax form is ready. However, I will check online as you mentioned as hope is not a strategy. Thanks again.
Thank you JD_co and msf for your replies. I got an email back from TD Ameritrade saying that I can't buy PSHZF there. It looks like the price of PSHZF is increasing now and it looks like a hassle to buy. I guess I will not pursue it further. I a…
@carew388 I sometimes buy mutual funds directly from the company to avoid paying transaction fees at brokerage. I guess that is the penalty for being frugal (or cheap). Like I said previously, I was able to go online at Vanguard and TD Ameritrade …
@msf thank you for the clarification. I didn't realize the medallion signature was added that long ago. I guess I wasn't paying attention. Thank you again for the clarification. I just assumed that it was added to limit drawdowns. I guess one s…
@Hank. I own FAIRX. At some point, FAIRX changed the rules. For selling more than $50K worth of shares, FAIRX now requires a medallion signature (ONLINE transaction not via postal mail). I think this is from when people were pulling $$ out of FA…
I hate a medallion signature. Why can't a notary signature be enough? My brokerage TD Ameritrade doesn't require medallion signature for stuff. It is only when I buy directly from a mutual fund via custodian that they require medallion signature.…
AbrahamLincoln marty stopped running the fund and it was almost a revolving doors of managers. I think that assets under management are in the $200 million now and that is after merging with their international fund. Very sad.
Dryflower i think tha…
I remember reading a GMO article by Grantham saying that the S&P 500 was overvalued when it reached 1500 back in 2003 or 2004 (I can't remember year). That caused me to be cautious. The S&P 500 went on to double from those levels. I under…
Hi VintageFreak, This is none of my business but did you buy/sell after 30 days due to wash sale rule. Unless you can argue that PVFIX Is a micro-cap and PVCMX is a small cap?
Hi Expatsp,
Not sure anyone can give you a straight answer here. Here is what Gundlach mentioned yesterday in his webcast: some CEFs are trading at low prices/wide discounts, BUT if they own energy then they DESERVE those valuations/discounts. N…
David, Thank you for your response. You are a role model to follow. Unfortunately, right now I am still in the accumulation phase of my life/career so I am not able to follow your lead/example.
