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.
Thanks guys. I haven't taken an action at the moment. I'll have to do some more research and decide if these funds have still have a role in my portfolio as my circumstances have changed since I acquired them.
Plus it was suggested here, MFO, to let this fund go as it was a duplicate of their other fund offerings !A lot of funds have a big overlap. For example, GPGOX and GPIOX have basically identical international portion.
Well said @Investor. Nice to hear from you.
Hi Hank. I am stopping by every now and then. I have become largely a passive investor so still working in simplifying the leftovers of my complicated active portfolio as time goes on.
In this regard, I r…
@Investor, long time no see. There was a long tread on Grandeur funds and many investors are disappointed. You may want to see the comments. I invested with GGSOX in the early days but found them to be very volatile and have consider risk.
http…
I am very skeptical about it. There is no free lunch. The derivatives they are going to buy to protect downside will cost money and will be a huge drag in good times. And from the buy and hold requirements it sounds like it will function more like a…
The data and employment trends support the argument. However, people will judge economy based on what they spend most visibly (prices of food and gas). So, there is the disconnect.
However, for a middle-class family the percentage of these items is…
@Investor Your last sentence, " In investing, perfection is the enemy of good enough returns. " What would you consider, good enough return, 5% , 10% & in what time space ? I'm sure age of investor would have something to be considered.
…
It is hard to know "WHEN" it is a good time. Timing decisions in-retrospect has been either too soon or too late but there is always an uncertainty at the moment. I see diversification benefits from small caps but you need to dedicate a portion that…
Curious development with regard to new issue CDs available at Fidelity today. I’m setting up another 5-year CD ladder in our taxable account so we’ll have cash available to pay property taxes near the end of each year. Yesterday, there were a bunch …
And yet, there are still climate change deniers all around and without even more pain we will not get any meaningful action. Barge traffic will probably be going to be diverted to roads and that will have more environmental impacts and our underfund…
I was never impressed with him. I don't know. There are periods of brilliance but also quite wrong or his predictions don't come to happen for a long time with opportunity cost associated with it.
Glad to see you back and everything are in order. I used to invest with Grandeur Peaks but moved on to other less volatile funds. Likewise, I have reduced my holdings so to simplify life.
I think if you don't want to baby sit your funds simplifi…
@Crash @msf Hi!
RPHYX / RPHIX has reopened, so that's another option that's available to you. Should do slightly better than MMFs with slightly more risk.
FZDXX YTD (sept 30th): 3.63%
RPHYX YTD (sept 30th): 3.78% (quarter-end table)
RPHIX (se…
I think it makes sense if your liquidity needs are low and you can create a CD ladder of 3,6,9,12-month maturities. You will only need to keep cash you need less than 3 months in MM-Funds.
I hope that Austin is still a small oasis of relative sanity, surrounded as it is by the howling wilderness of Texas.
Oh, the area has grown a lot! When I moved to my neighborhood, we were fairly surrounded by wilderness. While I still see plenty o…
@Mark @MikeM @catch22 @hank Nice to see you all.
@catch22 Yes, I still live around Austin, TX.
@hank I think there is some compensation for doing all that monitoring and tracking but when you no longer can do it (or willing to spend the time) the…
Thanks, yes, I do not want to deal with small lot nightmares (especially since I am the one doing the taxes at home!)
This is in a a Fidelity brokerage account. Cash goes directly into SPAXX (Fidelity Government Money Market). For me, it is OK if d…
I think we are at the tail end of early adoption phase. I think all major manufacturers will be getting into this thread as supporting side industries emerge. I own a VW Passat and this year VW stopped selling Passat in the US in favor of their new …
I am thinking of utilizing RPHYX for some cash in a taxable brokerage account. I used this fund in retirement account so I did not care much about tax efficiency and cost base accounting. But in a taxable account one needs to be more careful not to …
I think Mutual Funds will continue to be the main mechanism in retirement accounts where once a day trade is just enough. ETFs will be increasingly dominant in taxable accounts. Not all ETFs are now cost and some hide the acquired funds' underlying …
I have a photo with it but I wonder how they managed to get the crowd away. There is no way you can normally take a photo without someone else in it. Actually more than just a few.
Here’s a good article that looks into this topic: https://humbledollar.com/2020/06/farewell-yield/
From the article:” That brings me to an idea advanced in 1989 by the late Peter Bernstein. Instead of the classic balanced portfolio with 60% stocks a…
Buffet's Warning on Owning Bonds:
Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at yearend – had fallen 94% from the 15.8% yield available in September 1981? In certain large and importan…
The problem is not just finding reliable and conflict free personal finance advice. It is an extension of finding reliable and conflict free news. There is so much content generated online that is driven by various interested groups that objective, …
This article is too shallow in my humble opinion. Biggest problem are spending habits. When spending is not compatible with income problems start to emerge.
"In other words, the stock market turns on thoughts and feelings that cannot be readily measured, and certainly not predicted in advance."
"So my advice is this: Forget about trying to figure out the market in rational terms. Current trends and mom…
It is very hard to deploy cash in a market that is grossly overvalued. It is not the age of Buffett or Munger that is the problem here. It is their knowledge of the markets that is preventing them putting money in stock with such high multiples. Ber…
I am a bit cautious with the market. For someone with the time horizon of mine I am holding significant cash but as the equity portion grows that part is getting smaller. I have eliminated some marginal funds and kept the proceeds in cash.
Well, raising the gas tax will create incentive for more fuel efficient vehicles and public transport, even some may take bicycling to work. There is nothing wrong. If at some point in the time, most of the vehicles switch to energy sources besides …
It is one of many examples of Republicans saying one thing in opposition and doing completely opposite when it is convenient for them. In addition, we have tried "trickle" down economics several times and it did not work but like a religion they kee…
