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.
Reply to @VintageFreak: No!!! There Is a $75.00 Transaction Fee. I Believe They Say The Minimum Is One Million, But Trust Me I Did Not Spend One Million. I Spent In The Low 5 Figures. Some Fidelity Funds That say You Need a Million Will let You Buy …
I Purchased The Institutional Shares At Fidelity. WBMIX Is a Long Short Fund - WBSLX Is a Market Neutral Fund - I Believe a Good Long Short Fund Will Out Perform a Market Neutral Fund!! I Also Own Shares In Another Long Short Fund - MFLDX - And I Am…
I Purchased Shares In SFGIX Last Week. I Had Been Watching It For a While, And I Needed To Fill a Spot For a Emerging Market Fund To Replace FTEMX Which I Sold 5 Or 6 Weeks Ago.
Reply to @Desota: That Is Only True If You Are Buying Funds That Are All Buying The Same Type Of Stocks And Bonds. If You Buy Funds All Buying Different Things You Will Do Better Than Holding Only A Few Funds!!!!!!!
Reply to @Charles: I Bought Some SFGIX Yesterday, I Was Afraid If I Waited Any Longer It Would Keep Going Up. So I Am Glad To See Your Latest Post About It. I Used To Own FTEMX For My Emerging Market Exposure (but i lost confidence in it)
Reply to @expatsp: I Also Purchased Shares Of SFGIX Today. I Was Going To Hold Off Buying, But After Mulling Davids Commentary Over For a Few Days, I Pulled The Trigger Today.
Reply to @VintageFreak: Gross & El-Erian Have Been Talking Down The Stock & Bond Market On CNBC For Years Now - They Coined The Term New Normal (which means low returns in stocks & bonds) DUH!!!! Now They Are Surprised People Are Pulling…
Reply to @BobC: According To The July Commentary, They Are Cutting Back On Their Shorts Because The cat Is out Of The bag About Emerging Markets, And They Will Deploy That Money Somwhere Else, Not Because They Think Emerging Markets Will Improve.
Mark Travis Manager Of ICMBX Began Appearing On CNBC As a Regular Guest When His Fund Was a 5 Star Fund, Its Now Rated 3 Stars For The Last 3 Years. He Should Spend More Time Running The Fund And Less time On CNBC.
Reply to @Vinta You Are Spot ON!!!! If El-Erian Was Not Running It, He Would Have Removed His Name From The Fund Years Ago. By The Way I Was A Past Owner Of The Fund!!!! It Took Me 3 Years To Wake Up To The Fact That He Is A Fraud!!!!!
Look At JNBSX - JP MORGAN INCOME BUILDER FUND- Holds Stocks And Bonds From Around The Globe. It Can Be Purchased At Fidelity For Small Amounts Of Money, Even Though It Says You Need To Buy A Million Dollars Minimum. The Expense Ratio Is Only .61%. M…
It Sounds Good When You Read Astons Web Page About It, But I Have Looked At it Before And I Dont Think It Performs That Great. For Example Between 2010 And 2012 It Returned 13.90%. One Of The Funds It Holds Is FPACX Which Returned 25.39%. I Would Ju…
Reply to @Skeeter: Take A Look At JNBSX (i own it) Since 2008 Thru 2012 It Returned 44.49% While PASAX Returned 36.44%. The Expense Ratio Is Only .59% Current Yield Is 4.88% According To M.
Reply to @VintageFreak: PGMDX Is Down Even More Than PAUDX. PGMDX Is A One Star Fund!! I Used To Own It, I Bought It In 2009 When It Came Out And Sold It Last November. I Got Tired Of Hearing M. El-Erian Telling Everyone How Smart He Was, But Not P…
I Also Own MFLDX, But I Wonder If They Will Still Be Able To Out Perform With All The New Money In The Fund (12 billion) Any Thoughts Will Be Appreciated!!
Reply to @VintageFreak: I Sold AQRIX Last Month, I Must Admit I Got Suspicious About Them When They Started Coming Out With Lots Of New Funds, They Are Only Interested In Taking In New Money.
Reply to @davidrmoran: I Originaly Looked At WBALX Back In 2004 - I Was Not Impressed, In 2008 They Did Not Stand Up Well And Lost A Lot, But I Think The Manager Has Gained Some Seasoning, And Learned By His Mistakes. At Least I Hope So!!!
The Reason I Have Never Bought It Is Because I Think It Will Drop Like A Rock In A Bad Market, And Since I Know No One Can Time The Market I Like To Stay Fully Invested, But I Dont Think I Could Hang On To VILLX During A Bear Market And Would Proble…
Reply to @davidrmoran: I Dont Have 20 Balanced Funds, I Have 20 Funds. Some Are Global, Some Are Long Short. One Is A International Fund. From 2008 To 2012 VBINX Returned 26.44%, WBALX Returned 30.79%. ( i just bought wbalx )
FPIVX up .21% - MFLDX up .40% . I Just Purchased WBALX Today, And It Was Flat For The Day, Which I Consider A Positive Sign. To Purchase It I Sold JPVTX Which Was Down - .34% For The Day.
Reply to @mrc70: I Do Try To Buy Balanced Funds That Are All Doing Different Things, I Also Own Some Global Funds, JNBSX, TIBIX, PQIDX, MTOIX, PAUDX. For Long Short I Own MFLDX, WBMIX
Reply to @MikeM: Thanks For Your Reply, The Reason I Want Another Balanced Fund Is Because I Like To Hold 20 Funds With 5% Allocated To Each Fund. By Allocating My Money Via 20 Funds, It Keeps Me From Falling In Love With Any One Fund, And Allocatin…