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 look for the negatives when considering a fund. This fund would have lost (3.3%) in 2013 according to M*. I'm just not a Futures fund fan - they never run smooth.
Reply to @cman: I wasn't thinking "alpha", though it did start with an "A".
I wrote to David & chip the other day, nothing back, so you can rejoice in your Ted-isms. Clutter wins!
Enjoy.
Reply to @equalizer: BDMCX returned over 18% for the past year. Only a few other "market-neutral' labeled funds returned over 10% over that time (Whitebox L/S and Causeway Global Absolute).
So I'm not sure which bucket BDMCX fits into, or whethe…
Well, on a very down day S&P -1.26%, looks like MFLDX was (-.43%) and BDMCX held up REALLY nicely (-.09%). Even MERFX was down slightly more (-.19%) than BDMCX.
Note: Bonds were up today, so there was some green on the screen.
I like to look…
Reply to @Mindy: Two ironies in your email:
1) Ted is the king of rudeness, see string above.
2) you yourself wrote "But too much of a good thing is bad".
Reply to @Ted: "I officially declare this thread as over".
No, Ted, you see, that's the problem....you don't have the power you think you do. We don't care what you declare.
And if you feel like posting 100 articles in 1 day, you should not be…
Reply to @Ted: Did you need a link to figure out what an igloo looks like? Can you post anything without a link?
It's probably getting close to "lights out" at the old folks home, Ted. Stop hogging the only shared computer in the assisted livin…
The issue is caused by one poster. Many of his articles are just noise. He is obviously bored with nothing else to do, very stubborn and very rude (see his "holier than thou" post above). Kick him out and problem solved.
No need to reinvent the …
Reply to @Accipiter: "is this the problem too many "nothing in post but links" clogging up fund discussions when it isn't a fund discussion at all."
YES!!!!
An "Ignore" option would also be a huge bonus.
Just a heads up on BDMIX at Fido - they are not accepting trades of BDMIX even though the platform will allow you to enter with a supposed $2,500 minimum. The minium is still $2,000,000. I guess its a glitch, since they will cancel your trade la…
BDMIX is an interesting newcomer. A real smooth performer in its short life. And its not afraid to make use of "shorting", based on recent holdings.
Thanks for mentioning the Fido access, Finder. Definitely goes on my watchlist.
Sounds like a micro-lending situation, except these borrowers supposedly have solid credit history, so a bit less risky? I'd REALLY spread out my loans as a lender if I was going to play this game.
Reply to @Investor: I don't think these posts are gonna stop him. He doesn't care.
We need an "ignore" option like they have on the Morningstar boards.
Reply to @Ted: You have to realize that many people who visit these boards aren't signed in.
And your articles dominate the board at times.
Merry Xmas, Ted.
While I agree Ted's numerous article postings are an overall benefit to the board, it would be nice if they were consolidated (to maybe 2 postings per day?) Or somehow kept in a separate chain.
Reply to @cman: No technical analysis here, I'm just playing a range - or at least, what I perceive as a range. As the exchange rate approaches 1.37 USD per Euro, I short the Euro and I feel (hope) the upper end of this exchange rate is 1.385. …
Bought some EUO today, will buy more if it dips further towards $17/sh.
Added to tiny position in VNQ, hope to build it up (only if REITS continue to fall).
Been wanting to add to TBF, but it keeps sliding higher.
Reply to @hank: Yes, and I am one of many who missed this runup. I failed to see that the Fed would carry out their stimulus over many years. But it never felt right to me, and it still doesn't. To buy in now feels like a sin, even if long-term …
Thanks, Ted.
Retail investors love to come in at the top. Buy, buy, buy - and take on more risk, (cluelessly)! Next comes the "Santa Clause rally", which should be the cherry on top for this mechanical runup.
Bernstein: Yes, when the intelligent investor does some trimming back, he usually feels like a dummy for the next year or two. And when he trims back again, he feels like a little bit more of a dummy. And he feels dumb for awhile each time after he…
Reply to @STB65: For PRPFX, treasuries might be a drag on medium-term performance, and gold is certainly a wildcard. Past performance was terrific over the last decade thanks to a fantastic run for these assets.
It will be interesting to see how…
Please somebody tell me my math is wrong.
Hussman collects over$17 million each year in mgmt fees for HSGFX alone....and almost $6 million for HSTRX. That's $23M per annum. With very little staff/overhead.
Hey, this wacky professor is no dummy…
She would sell you her soul for a price.... if she had one. These older ladies (i.e. Yellen) are like wolves in sheeps clothing.
My favorite was Meredith Whitney causing a mad rush out of muni's on "60 Minutes" . The pearls add a nice touch.
Reply to @hank: I'm more bearish than 90% of this board, and even I don't bother to listen to Hussman's repeated calls for a crash. He needs to focus on his fitness program.
http://www.hussmanfitness.org/index.html
Reply to @ron: There are still many who have doubts, and that's why the market could continue to churn upwards..."climbing the wall of worry".
I can't even count how many articles "warning" of a strong correction were posted this past week. Lot…
Reply to @David_Snowball: Hussman's funds (HSTRX, HSIEX, and HSGFX) were slightly up today (the new HSDVX was down).
But I still wouldn't want to own them.
I was loving RPHYX and RSIVX today too, even though they were just up a penny.
Reply to @linter: Had a small position, then quickly closed it out. I knew it could drop like a rock. I will be a buyer, but probably via FBIOX...at some point.
CELG is back up 2.4% this morning.
Reply to @linter: I've purchased what I call a "mental hedge" - I bought some "SH" (Proshares short S&P 500). Its a trade, not an investment.
It allows me to continue to buy more long positions, but with the knowledge that I can clip some…
Ted,
I think #5) is the key here. Lots of cash (fear) still on the sidelines. But as the equities markets melt-up, greater retail investment amounts will funnel in.
#4) Fed stimulus has been a key driver, but if the markets are truly "forward …
Reply to @hank: I've always been a big PRPFX fan, but I did get cold feet once gold and Treasuries ran up so high. Love the diversification concept there, but sold PRPFX last year.
