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.
@MikeM: I mentioned in the DSENX thread (I think) that I had sold a chunk of that fund and that I started a position in RLSFX. The fund is not only NL/NTF at Schwab, but it’s on the Select List.
I think MikeM is right. We shareholders should have seen how DSENX behaved in the market swoon at the end of 2018. Those of us who held it saw great returns for the next year, but the fund had shown itself to be weak in a downturn.
Quite surprising given that two of the three managers also manage MSMLX, whose performance has not been sterling. The fund hasn’t been in its category top quartile since 2014.
I reduced DSENX, but still hold a decent chunk. With proceeds I initiated a position in RLSFX based on its great performance and my agreement with a strategy of shorting risky companies and going long in winners. I have no experience with L/S funds,…
I was an early adopter in GPMCX, a I position sold in 2018. I have a toe dipped in GPGCX, my only stake with them now. I did make money on GPGOX. Quite frankly, I'd have a hard time selecting a fund from GP because there is so much similarity and ov…
I'm 78. We can live comfortably on SS, a public pension, RMDs from 403b, and another stream of income. I have control over my 403b, and I have dialed down some of the equity funds in favor of a few Vanguard TDFs of varying years (my attempt at ladde…
At the end of January the advisor for my retirement funds asked me if I'd be comfortable with a 17% drawdown in return for a chance at equivalent higher returns. I said yes, but I too was really not thinking that my portfolio (then about 57% equitie…
I agree with @davidmoran. Over the coming weeks and months companies will have to report earnings. No amount of cash infusions and making sure the markets function properly can substitute for what will be hugely disappointing earnings. Senator Burr …
I'm still in also. What I learned about myself recently is that I can tolerate a 40% drop in a stock I hold, but an equivalent drop in a bond fund makes me retch. IOFAX has not recovered, but ORNAX has rebounded in the last two days.
I don't know how it does it, @davidmoran. What you found above about the nature of ETNs is true. The note (N) is only as good as its issuer, Barclay's. If this bank were to tank, the note could have no value. Barclay's currently has 6 ETNs, as profi…
As I have said before, trading CAPE is an adventure as there is often a lag between what the market is doing and a big gap between the bid and the ask prices. Trading volumes are usually low. With no commissions, it's now possible to buy small posit…
@Starchild: there has been discussion on the board of Kristian Heugh, manager of MGGPX, MIOPX, and MSAUX. Ted likes the global fund. Every one of Heugh's funds beats the pants off the competition in its category. Depending on where you shop, you can…
I am also looking at what to prune and what to add. Two global growth funds, MGGPX and BGAFX, have held up amazingly well. I own the former, but consider the latter to be its equal. As of last night neither fund had lost more than 15% YTD, with the …
Anybody get an accurate price in DSENX/DSEEX today? My sources show -3.99%, but CAPE gained 7.79%, a real disconnect. Seem to remember that DL funds can be late reporting MF NAVs.
I didn't really understand the fund when I bought it and although my loss in IOFAX pales in comparison to other parts of my portfolio, the blow-up of this fund feels like a firecracker going off in my hand. Why did I buy something inherently explosi…
Très cool, @Mark. One of my adult daughters is an au pair in Paris hunkered down with two working parents and two boys, 7 and 4. I have a picture of one of the self-signed forms each citoyen has to fill out before venturing outdoors. Incredibly Fren…
Probably not a conventional consumer staples stock, but Amazon should benefit and it was reported yesterday in the WSJ that they are hiring 100K workers. If people have money to spend, AMZN will get a chunk of it. Nota bene: “if”
Our daughter's rent. She was moved out of her university-owned apartment and had to move into the place she had reserved for June when her first full-time job begins. Since the job is in health care, maybe the job will not be there. Her university i…
@hank: I thought Columbo had a Peugeot. For a few years in the 70's, Peugeot and Renault tried to sell cars in the US, with universally hilarious results. The gray one the detective had went along with his image of a guy of no competence at all. Whe…
I have never understood the extent to which M* has championed Oakmark funds over the past three decades. They are Chicago homies, so maybe there's some reason there for the back-scratching. I long ago exited positions is Herro's and Nygren's funds a…
I was with @MikeM and voted absentee in MI prior to the latest withdrawals. Reminds me of my vote for Jerry Brown in 1992. Today we learned that voters have until Mar 7 to rescind their early votes by asking the local clerk for another ballot to rep…
@davidmoran: I did read Hofstadter's book for that paper. It was long ago when history departments had real classes, such as a two-course sequence in American intellectual history. As a kid growing up, I recall Adlai Stevenson being criticized as to…
I wrote a paper in an undergraduate American history class on anti-intellectualism in the US. Such a phenomenon would not be found in France, whose history I know quite well. I dare say our "American exceptionalism" includes some character traits t…
If this fund does as well as the Driehaus Micro and Small Cap funds under the same three managers, it will be a winner. I have owned DVSMX almost since it opened while DMCRX has been closed for some time. Thanks for the news, @TheShadow.
SWISX, Schwab’s developped markets index fund, is good. You get a lot of Japan and no EM, so there is a bias built in. I prefer to use global funds for large cap international and hit the EM and S/Mid in separate funds. Maybe international will out …
M* points to manager change and modifications to the portfolio in its latest write up. Maybe the new PM will let shareholders know what he’s done recently and why he wants to play with more than $5B.
