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 @mrc70: I've got other small cap funds (CIPSX, JATTX, BCSIX, FLPSX, GPGOX, GPIOX, WAEMX). In fact, I am overweight in small caps (over 50% of the portfolio) and I believe I will carry my small cap bias for a good while even without this fun…
Reply to @mrc70: The problem with this fund, it is not volatile so it is not the issue of being scared from volatility. The returns are pretty bad save for 2011. I do not see anything that will be changing his outlook any time soon. So, expect more …
Reply to @Charles:
The issue is while it has very good risk adjusted returns most of it was excellent 2011. Than, he turned bearish waiting increasingly like Hussman. He will be right eventually.
Let's look at the fund right now. His performance …
Glad that you brought this up. I am probably going to bail out of ARIVX soon. I will probably leave a token $500 for now.
I do appreciate cautious management and I certainly did not expect this fund to shoot fireworks but it is like an ice-box ther…
Sold AQRNX in Jan. (yeah, I know it is closed). Put the money in a bit in GLRBX, ARTKX, FMIJX. It was a relatively small amount anyway.
Also sold of last bit of RWGFX today. I got into it in December. Not a bad fund but I decided that my other hol…
Reply to @Art: I am curious why you continue to hold the IRA ad Edward Jones instead of rolling over somewhere else, such as Fidelity, TRP, Schwab, Vanguard etc.
And here is the approximate Geographic impact of the sequester:
http://www.econbrowser.com/archives/2013/02/approximate_geo.html
I'll also include a graphic from this last article:
If you bought all at the 2000 peak and never rebalanced that would be the reality.
If you had a diversified portfolio, had some bonds, some foreign and emerging markets and rebalanced you have done far far better.
Take a look at FMIJX (large cap) and GPIOX (small/mid cap).
At the end of the year, I had trimmed my holding in ARTKX and FMIJX to buy more of ARTHX, ARTRX, GPGOX and GPIOX. Well, not a good timing on my behalf :( FMIJX has been the best performer …
* Those that have sit out since the bottom of 2009 is turning sour just like Husman. When these people do give in a return to market it is time to be more cautious.
* I agree with Charles that Market valuations are not stretched. Still we can have …
Reply to @Charles: How did you account for Fidelity Advisor series funds vs. Fidelity Retail funds? They are not different share classes of the same fund but managed similarly sometimes (the seemingly corresponding funds from Advisor and Retails do …
If you are interested in Chuck Jaffe's Show, it is available on iTunes as a free podcast. If you have an iDevice (iPod, iPhone, iPad) it is very convenient to subscribe.
https://itunes.apple.com/us/podcast/moneylife-chuck-jaffe-daily/id523945784?mt…
Reply to @Charles: Thanks. People that back test these usually include a trading friction. I actually like 200 SMA trend following strategy. Out of alchemy of charting or technical analysis, SMA is one of the more sensible schemes.
The scheme is kn…
Reply to @Charles: Just a heads-up on that simply reversing the returns of S&P 500 is unrealistic in that there are high frictional costs involved in shorting. If you went the other way and used an inverse ETF like SH these would also give you d…
In the article one firm was allocating more industrial metals as alternative investment. Ironically the demand for industrial metals and most commodities are up when economy is in good shape in which case stocks will probably do well as well. I susp…
I don't dispute that water shortage is a problem. Over here in Austin, TX area lake Travis is at very low levels over several years and the "sometime" island on the lake has become permanent fixture and the marinas had to build extended platforms fo…
Reply to @scott: I happen to listen/watch Bloomberg TV these days more often. Less political pandering more useful info.
However, I have attempted to watch Fox Business Network (FBN). No wonder CNBC is still watched as FBN sucks a lot more. Too li…
I believe you can have actually higher potential growth at about the same risk level with about 20-30% diversified equity allocation in your portfolio with respect to an all bond portfolio. There are a lot of academic work demonstrating this theoret…
Very nice @MJG.
Larry Katz is the Director of Research at Merriman Inc., a Seattle Based Financial Advisor. These folks also ran FundAdvice.com which provided educational material although with the retirement of founder Paul Merriman last year, F…
I did not invest in this fund. I find their expenses too high for my tastes.
I also find some intellectual dishonesty in their performance reporting that they are using price returns for S&P 500 and excluding dividends and under representing th…
@MJG I agree that Keynes has changed opinions and even his investing style over time. He made and lost his fortune a number of times. In his later investing, his success at the endowment of King College and at the board of Insurance company he got a…
Reading from Gross' article:
But I would step now into the forbidden territory of equity pricing by presenting additional historical correlations compiled by Jim Bianco of Bianco Research – admittedly not a thickly populated academically staffed org…
M* Star Rating is mathematically objective as it is purely based on past performance. However, it provides little clue for the future.
So, due to conservative nature of this particular fund, it moves to 5 stars after market crashes and lose stars w…
It was also covered in latest M* Fund Times:
http://news.morningstar.com/articlenet/article.aspx?id=586026
"The deal is expected to be completed within six months."
A related article. Why is your boss dumping your spouse?
http://www.marketwatch.com/story/why-your-boss-is-dumping-your-wife-2013-02-22?link=SM_hp_ls4e
Medical insurance turned out to be the domain of companies as a result of historical consequenc…
Reply to @MaxBialystock:
I see this thread is as far away as you can get from mutual funds. Still, I am not sure why you are angry. It looks like your interactions with medical insurance providers is at the same level as your interactions with the…
