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'm not PRESSmUP, but here it is, amateur: http://quote.morningstar.com/fund-filing/Supplement-to-Prospectus/2017/4/11/t.aspx?t=VETAX&ft=497&d=b3c502f30475222fa14bbfdd00d1ddb0
On M*, the YTD chart looks great, but I calculated the max. Oct. - Dec. 2016 drawdown shown on the 1-year chart to be over 17% per StockCharts.com data.
Thank you for answering my second question, msf. I think that we would consider VFINX an example of a well managed S&P 500 Index fund, but its 1-, 3-, 5-, 10-, and 15-year trailing total returns fall short of those of the S&P 500 Index, acco…
Over the last 15 years, how many *passively* managed domestic large cap funds beat their index? If they are truly tracking their index, don't they all fail each year by at least the amount of their expense ratio?
I can't understand how the author gets to $3,245 in this example:
"Say you gain 30% a year in three years and lose 20% in the other two... your $10,000 would be worth only $3,245..." Multiplying the corresponding factors together, 1.3x1.3x1.3x.8x.8…
Catch, you might find it instructive to change the chart "Type" from "Solid Line" to "Elder Impulse System" (under "Chart Attributes"). It's colorful, anyway.
Here's another quote from the Markets Insider interview that I found interesting:
"I can't help think that there may be a period when folks who are putting their money into index products are going to regret it a few years from now. This is not a p…
Matt, I think that you're on the right track with your rule of thumb. You may remember this prior discussion, which might help:
http://www.mutualfundobserver.com/discuss/discussion/29411/how-many-funds-do-you-own
The article lauds PRMTX's 15 year performance, but PRGTX has handily beaten its YTD, 1 yr, 3 yr, 5 yr, and 10 yr annualized performances. That's as of 3/31/17 and per page 36 of Morningstar FundInvestor, April 2017 issue.
I think that PMO is unique to StockCharts.com. With my subscription, I can plot PMO on a monthly basis. As you may know, MACD, PPO, TRIX, and TSI are all similar to PMO; maybe one of them will work for you.
AndyJ, I was interested in your use of technical indicators. I also am using weekly charts, with the following indicators/overlays: RSI, PPO (a variant of MACD), Bollinger Bands, and Chandelier Exits. I plot price using the Elder Impulse System.
This is the latest guidance that I found:
http://etfdb.com/etf-tax-efficiency/etf-tax-tutorial-complete-list-of-etfs-that-issue-a-k-1/
I see DBC on the list, but not IAU.
VF, homing in on Figure 4 of the Yardeni piece, you could get out of the market when the curve hits 50 or 60 on its way up, or later, when it hits 60 or 50 on its way down. A comparison of those points in 2000 and 2007 for the stock market versus ho…
The article says, "The funds' three-year annual average return is just 1.87%, reports one research firm." QLEIX must be an an outlier; the M* table shows an annualized 3-year return of 15.67%.
LLJB, I have a subscription, and even when I am logged out, I think I don't see the same screens that you would. However, I don't think you even need a trial sub to get the data; my concern was if you needed unadjusted data.
Here's how I think you …
LLJB, Stockcharts.com has daily open, high, low, and close prices for XLU, from the end of 1998, adjusted for any splits, dividends, and distributions. To get it, chart XLU, and click on "Past Data" right under the chart. Does this help?
Puddnhead, please provide "a bit of text" per the second recommendation of these old Discussion Guidelines:
http://www.mutualfundobserver.com/discuss/discussion/1/discussion-guidelines
VF, on the M* page I see, right above the words "virtues are," in the headline "This fund's virtues are not fully appreciated," it says "Analyst Report Archive," which you can click on.
In a Fidelity IRA, the minimum investment is $250, but with a transaction fee of $49.95. Other brokerages listed here might have a better deal: https://finance.yahoo.com/q/pi?s=QLEIX+Purchase+Info
If you re-arrange LEQIX (LoCorr Long/Short Equity Fund) into QLEIX (AQR Long-Short Equity Fund), I think you get a better outcome. Over its lifetime, QLEIX has beaten SPY, with lower volatility.
"...(at a 20% cost basis yield) you would double your money ever 5 years..." At a 20% return per year, you would more than double your money every 4 years (1.2 raised to the 4th power equals 2.07+).
Corrections to the article: The ticker for Hennessy Focus Fund is HFCSX, not HSCFX. Hennessy Total Return Fund invests 75% in the "Dogs of the Dow" strategy (per Hennessy web site), not 50%.