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.
M* reports that the Global Opportunity "strategy" has grown to $33B. Mr. Heugh is running a lot of dough considering this and all the other funds he's managing. How "soft" a close is it when it's announced months in advance? I'm a satisfied sharehol…
@carew388: I was wondering how you found JIG. From what I can tell it's the ETF born out of JSEAX (and its other share classes). The managers, Murray and Duffy appear to be based in London. JSEAX has four stars and a gold rating from M* but I can't …
Thanks @msf for the info you posted on reporting ROC. My IOFAX shares are "covered," although I haven't sold and won't have to worry about the basis unless I do. Reporting a wash sale as you illustrate reminds me that rigorous honesty is required. …
@hank: the most speculative part of the market I’m aware of is stocks in companies trying to develop vaccines or treatments for COVID and other medical/biotech plays. While I don’t know much more than what a couple of small companies I do own are do…
In our household we followed the advice of not tuning in so as to reduce the number of people watching. In fact, on Wednesday lightning fried our AT&T modem leaving us without internet, TV or phone for about 36 hours. Some might say we received …
@DaveC: you may note that some of the suggested funds are global, as opposed to international. I prefer global funds myself and offer MGGPX for your consideration.
Just a quick read of this document says to me that there is turmoil at Matthews and at least two managers who have had lead roles are gone. Maybe others who know the Matthews funds better than I could chime in.
Portugal and NE Spain, the Adriatic, and we owe our now 22 year old Chinese adoptee a trip to her place of birth. I regret the trips we canceled due to Covid: Atlanta for a college graduation, Paris and Burgundy with daughter #4 who was living in Fr…
@Derf: I’ve tried frontier markets in the past and only succeeded when a Morgan Stanley CEF converted to OEF. A quick look at the countries the Wasatch fund holds made me think it’s an ordinary EM diversified vehicle as opposed to one with a lot of …
Thanks @Robt for posting Yong’s article. He did interviews on TV following publication and got his message out. A Brit, by his accent. I’ve been impressed by what The Atlantic is doing these days and I’m tempted to become a subscriber again.
@carew388: using ETFs is a good way to avoid the short-term transaction fees Schwab and TDA assess. Not using TDA much anymore, but I remember some MF’s had a 180-day holding period there.
@davidmoran: Bravo if you stuck with DEESX since the big drop and kudos if you added shares. I am not in line for congrats because I bailed on DSENX while sticking with MOAT. I am very happy with the latter.
For EM, ARTYX should meet your needs. Another posibility is MEGMX, a new EM fund from Matthews, the Asia specialists who haven't run a diversified EM fund before, but who have a solid record. Artisan brought in Lewis Kaufman to run ARTJX and Rezo Ka…
IIRC, @MikeM, @hank, and I have put what was stagnant cash to use in TMSRX. I would be happy with 3% return on this money as that would represent a big improvement over the MMF where it was parked before.
The Friday edition of the WSJ always has a section on real estate, but it’s the real estate that makes me (a pretty average person) ask, where in the H do they get the money to buy these houses? Maybe the existence of the paywall is a blessing for t…
It does seem possible from the very pertinent info posted. People in SE MI that I know of are having a terrible time getting appointments at the Secretary of State to renew licences. The online appointment system pushes people weeks down the road, b…
Not that we need to worry about it this year, but the experience in a major league stadium is to my ears and eyes a very ugly spectacle. In Detroit, between innings, deafening music is played, on the huge score board some player is being shown cavor…
That’s a great idea, @Mark. A buy-and-hold fund that could keep up with innovation and buy the companies profiting from same would be a jewel to give a kid. I fully expect that in 20 or so years the portfolio of such a fund might not resemble today’…
The oldsters on the board might recall the recreated radio baseball games that were broadcast by an announcer, possibly reading a news ticker, who then supplied narrative and sound effects to simulate the action. I recall canned fan noise, the crack…
I would do as I did with my two youngest kids. Set up a brokerage account, making it a Uniform Gift to Minors if the child is under 21. Try to explain that you are putting in some dough and that additional deposits should represent 50% of the child’…
A friend of mine confirms Hank's experience with a shortage of home appliances. I had a leak in my home A/C and my service guy can't keep up with demand for repairs because so many people are working from home that they can't go more than a day with…
@Sven: I am bombarded by upgrade offers from Quicken even though I haven’t used it in years. I can’t entirely cut the cord from Intuit, however, because I’m a TurboTax subscriber.
While I don’t trade off of their recommendations, I do find the gunslingers CNBC has on at noon and 5PM are often worth listening to. There’s a rotating cast of six or seven traders who do a lot more than bloviate, à la Cramer. Unfortunately, the la…
I gleaned an interesting bit of trivia from a book review in the Times: in most of the states which soon were to secede the Union, Lincoln's name did not even appear on the ballot for the 1860 election. There's an extreme form of voter suppression, …
@bilvihur: It May be that some mangers of funds you own did some ill-advised selling when the markets went south. Those sales could result in higher distributions come December, but I doubt that information is available now. Who knows if some funds …
I think @MikeM already knows I put my international holdings in FMIJX and BCSVX into ARTYX and ARTJX. Also switched GPGCX for GUSYX. I added a slice of MEGMX and for the first time a quite a while EM is working. I decided, based on David Snowball’s …
I agree with @davidmoran that it felt worse in the early 70’s than just a gas shortage. The country was wracked by the Vietnam war, Nixon had been impeached and then resigned, the stock market was the absolute pits for investors, and I think many Am…
I have not needed many products at the lumber store this year, but I was unable to get simple plastic fencing to prevent our dog from walking in new-planted areas. The employee said a lot of products did not come in this year. I suspect stuff from C…
@rono: I’m glad to see you haven’t “lightened up” in your take on how serious this health crisis is. I’m old, cynical, critical, and scornful, yet I just can’t fathom the stupidity of the people in this country. We should never have stopped singing …
