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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.

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BenWP

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BenWP
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  • COWZ is my pick for 2022. Bets already placed.
  • Cole Smead was interviewed Wednesday on CNBC where he alluded to this new fund. He specifically endorsed Porsche, VW, and BMW.
  • MGGPX: reduced BGAFX: reduced ARTYX: sold The first two funds had massive inflows in 2020 during run-ups; the opposite is true for 2021 when outflows are seen. The charts are ugly. ISTM that the managers will have a hard time reversing recent misfo…
  • @bee: there are 7 share classes, but the 2 main ones are SMVLX and SVFAX. I own the latter, the A shares sold NLNTF at Schwab. MFO Premium has the nice feature of listing all share classes, but M* seems not to.
  • Smead Value was up 2.4% over the last week, COWZ 0.82%; the rest of the portfolio not so great. The weakness in healthcare really hurt (and surprised) me: BHCFX and RYH took it on the chin.
  • Not many of my sells keep me out of further losses, but getting rid of TMSRX last year was the right move.
    in TMSRX Comment by BenWP January 7
  • @JonGaltill: one more factor to throw your way is the record of the fund manager(s) in their other vehicles. In the case of DVSMX, the 2 main managers are responsible for the very good micro-cap growth DMCRX, which has a longer record. I have not lo…
  • @stillers: I think Vanguard Target Date funds could be used. If your friend wants maximum return and does not care about volatility, VTTHX, the 2035 fund, holds about 73% US and international stocks. 2035 is just an example; 2040 or 2045 will have e…
  • While I don’t know what moves I may make for 2022, I have done a cursory review of what happened to my portfolio last year. Global growth stunk up the joint with MGGPX the worst offender with APFDX and ARTRX taking nose dives in the last few months …
  • I did understand where the language came from, @newgirl. My point was that we should all be wary of investing fads. I agree that lots of companies are rushing to get ESG labels affixed to their funds, but I believe there is no standard by which to m…
  • @newgirl: interesting topic. When you mention that there’s a “stampede” to invest or to gather assets then my antennae go up and I wonder if some unsuspecting investors might get swept along. It seemed at one point that solar panels could not fail t…
  • @davidmoran: COWZ also uses free cash flow as the primary criterion to select the 100 stocks in its portfolio. DSTL and it are pretty well matched over a 2-yr period, while COWZ has done better this year.
  • @JonGaltill: I had a somewhat similar experience with BCSIX, a long-time SCG holding that had a miserable year. I reduced exposure but kept a small bit because it is a closed fund. The fund had drifted into MCG territory, although that is not a prob…
  • @JonGaltill: Ted was a treasure, but he was really harsh if you tried to link an article you'd just read but failed to note that he had posted it earlier that day. I think it was said here that he was up before dawn screening links for that day.
  • @rono: one item slipped my mind. No "junior silver miners" for the kid. LOL
  • @JonGaltill: Needham is a company brought to my attention here by TheShadow on Nov 1. He pointed out the success of NESGX, the SCG fund. While researching I found that Needham has 3 funds: the Growth Fund (NEEGX) managed by John Barr and Chris Retzl…
  • I got a couple of my kids started when they were young, using UGTMs. They are adults now, so they have the accounts. With a relatively small pie to start with, I found it necessary to find MFs with low initial investment limits. If your grandson is …
  • I agree with @KHaw24 that PAVE is an enticing play on building back the US infrastructure. I get down every time I read the news of how this great need has been handled by the pettiest of our citizenry. No need to name names.
  • @hank: as you know, I let TMSRX go. I just took a look at the fund's allocation stats on M* and I am a bit perplexed. If the PMs are really holding 59% in cash with a 10% short position on US equities, it's no wonder the thing acts like a MMF. They …
  • @MikeW: I think CDC could work. I evaluated it and COWZ and decided on the latter. LCV with solid dividends. I also moved some growth money to SVFAX as I believe Bill Smead is a great value manager. For SCG, I'm sticking with DVSMX and adding NEAIX/…
  • For a bit of humor, I clicked on the fund symbols above and chose the Morningstar link. The message from M* was: “404 Error, Like guarantees of future returns, this page doesn’t exist.” The Schwab site does not recognize either symbol when I entered…
  • @rono: I was trying to be clever by referring to the latest crazy idea, a NFT, a non-fungible token. If I understand it correctly such a work of “art” is created digitally as per this definition: “A non-fungible token, or NFT, represents a digital …
    in Inflation Comment by BenWP December 2021
  • @rono: may I assume that something “fungible” would fail to measure up the the standards most of us ascribe to rare art?
    in Inflation Comment by BenWP December 2021
  • I had never heard of RoundHill before. They have a suite of funds trying to profit from the latest crazy idea, to wit: NERD for esports, BETZ for sports gambling, and DEEP which follows something called the Acquirers Deep Value Index. This index pur…
  • Thank you kindly, @bee. If I were clever enough I could find all the stuff I thought was lost to the ravages of time right on the internet!! That’s the game we played, maybe with a Mickey Mantle rookie card worth big bucks today.
  • @bee: I’m trying to remember the schoolyard game we played with baseball cards. I recall tossing the cards against a wall with the aim of getting a “leaner,” which entitled the thrower to all the cards in the game. Obviously not possible with some …
  • There have been previous discussions on MFO about GP’s numerous funds, many closed with relatively small AUM. What I’ve had a hard time grasping is how the PMs are able to keep track of as many as 325 stocks in one fund (Global Reach, for example) w…
  • I finally found PGIM estimated distributions where they were supposed to be. My problem was my iPad could not find them whereas my desktop did. FWIIW, PWJZX won't have a large distribution on 12/17. @Mark: Schwab processed my BIAWX distribution yest…
  • @JonGaltill: right, BST is a BlackRock closed end science and tech fund, but it does have a global portfolio. Of its 3 managers, 1 also serves on BME, the Health Sciences CEF that has done well previously, although it has done little to merit its M*…
  • Thanks @Marinauser. BIAWX has a very reasonable distribution this year. Has anyone been able to get PGIM info? Their web site is truly hard to navigate.
  • @rforno: BST is not a fund I have ever considered. I did note that it has or will pay a big distribution this month and that since July it has traded at a deeper and deeper discount. The regular monthly distribution of some 22 cents per share sugges…
  • Here and Now broadcast a worthwhile report on Biogen and Aduhelm, the Alzheimer’s drug. https://www.wbur.org/news/2021/12/10/biogen-aduhelm-reckoning-alzheimers-drug It’s not surprising that the whole biotech sector is under pressure when one its…
  • Biotech stocks, not necessarily the technology itself, vastly outperformed the market and the healthcare indices from the GFC through 2015. Since then, it has been hard to make money consistently in the sector. I've tried, but not successfully. Cath…
  • @rono’s post of the video is timeless and welcome. A great tradition in our household ended a few years back when David Letterman did his last Christmas show featuring Darlene Love’s 28th appearance singing this Phil Spector classic:
  • @carew388: I referred to the link in @yogibearbull’s post in which DoubleLine provides a prospectus for a CEF using the Schiller Cape strategy. Kudos to @wxman123 for hanging tough with the strategy. I chickened out.
  • @yogibearbull: thanks for that link to the DoubleLine filing. The derivative and options strategies described in the filing sound very complicated, but maybe the same sort of thing has been going on in DSEEX and CAPE all along. ("I would be shocked …
  • How does one play coal futures, @Derf? By making a contribution to Senator Manchin at the same time as your bet? Sick the OT police on all and sundry!
  • @davidmoran: DSEEX being a mutual fund, I suppose the sponsor could shut it down, but the shareholders would get back what their holdings are worth. IDNK what happens to the holders of an ETN if the issuer decides to fold it. In the case of CAPE, Ba…
  • The huge distribution this year would have taken me by surprise. In addition to the December payout, shareholders of DSEEX also pay taxes on the monthly distributions. When I owned this strategy I had a portion in the ETN (CAPE) which paid out nothi…
  • @BaluBalu: Closed at Schwab and TDA