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.
When I was a Bridgeway shareholder, I couldn't help offering management my take on their plodding style and presentation of the reports. To their credit, they were not spending my nickel on glossies. Contracts have been written on paper napkins, aft…
Holders of the Bruce Fund will never be blown away by their stodgy web site or their strip-mall quality paper shareholder reports. As for the returns, however, thassa some spicy meat ball.
msf mentioned the legacy Schwab card that turned into a BOA. The Schwab was 2% on everything and the money was deposited directly into the brokerage account. I had to drop BOA because of the frequent interruptions due to bad security. Using CapOne 1…
ARYVX annual report shows 2014 turnover as 275%, 2013 as 392%, and 2012 as 264%. That suggests a lot of trading and explains the large distributions. I'm not sure what to make of this.
Think of Jim as providing relatively unattractive bookends that enhance the beauty of one truly attractive book. Jim is on in the morning and then again in the evening. In between, there is Kelly Evans, who is really worth looking at. BTW, I usually…
http://csinvesting.org/tag/david-iben/
David Iben is touting uranium, gold, and coal according to the linked article. Not surprising that KGGIX hasn't done anything since he opened the fund. Thanks to kevindow for the CS white paper. I have a positi…
Good point about Don Hodges dying. Craig and two other Texans joined the HDPSX team in 2007. It's hard to know how much Hodges père was contributing in his later years or how much his absence will affect the funds.
The discussion and suggested readings above are evidence of the astuteness of MFOers. Civility has reigned here even though the topic could unleash a less-than-civil reaction. The comments on The Atlantic's site, running to some 1100 already, are of…
I have held HDPSX for a while, but I am concerned about its asset bloat (approaching 2 bil). Other than what's on M* and the Hodges website, I don't know much about the new fund. It did very well last year. I agree with you about new funds from succ…
HDSVX, Hodges Small Intrinsic Value, has about 57% in microcaps. The average market cap of the fund's holdings is around 849 million. Seems to be same management team as the successful HDPSX, but with way fewer AUM.
I have to wonder how Evered, Haywood, and Steinik, the International/Global team at Brown Capital, with a modest performance record, can become adept in the international small cap arena. I dare say that a comparison their qualifications to those of…
I assume the ban applies to electronic filing of state tax returns. I have always printed my MI return and mailed it because of the exorbitant fee charged by TurboTax.
I sold PVGFX not so much because Horn had a terrible 2008 (-4% vs. World Stock bogey), but because that loss came on top of an even worse relative performance in 2007 (-15% vs. the bogey). Horn did respond personally to my complaints, to his credit.…
I'm a little put off by David Herro joining the Roundtable and then having to clown for the photos. I don't invest with Oakmark because they have celebrity managers.
I may be one of the lucky ones who got upgraded to Premier automatically just after the news stink hit the wires. I clicked on the upgrade button after installing Deluxe and working on my return; I am now Premier, but did not get charged anything ex…
Here's an even more puzzling one: Homestead Small Company (HSCSX) top two holdings are iShares Core S&P Small Cap (IJR) at 4.9% and iShares Russell 2000 Value (IWN) at 4.76% of assets, respectively.
SBIO follows the Poliwogg Medical Breakthroughs Index, as volatile a collection of SMIDs as I've ever seen. (You couldn't make this stuff up.) Poliwogg has a new CEF in registration, the Poliwogg Regenerative Medicine Fund, with a target launch date…
While I do manage our taxable and Roth IRA accounts, the bulk of our retirement savings are managed by TIAA-CREF. I rely on professional advice for that portfolio's construction (after specifying my goals and risk tolerance) and leave the decisions …
I stopped using our FIA (BofA) card because of frequent shut-downs. Worst was in Europe where we got stuck having to use a back-up card that had a foreign-exchange fee. Complained to BofA (who at one point had our credit, checking, and mortgage acco…
I will also be shifting some dough from OEFs to Schwab ETFs in a taxable account. TD Ameritrade has fallen way behind in the number of commission-free ETFs offered. As our several tax-deferred accounts are with TDA, I have begun thinking of shifting…
I failed to get our subway tickets stamped before getting on the train in Vienna last fall. Two goons from a really bad WWII movie asked my wife and me to step off at the next station, whereupon I was shown the fine print and forced to pay a fine of…
I think our board leader was pointing out that we can learn something from MF managers if evidence of what they read shows up in their shareholder letters. Absent such evidence, we learn nothing.
Everyone's situation is not the same, so comparing vehicles in which to invest in health care may not be a matter of apples-to-apples . HQL and HQH make considerable periodic distributions; these would be taxable events in a regular brokerage accoun…
Thanks for posting this report. FWIW, there was a nice entry point in mid-October for THQ. A sudden price decline and resulting discount don't usually occur so close in time to an IPO. Fund price has risen about 10% since.
You could subscribe to Tom Herzfeld's CEF advisory newsletter (http://www.herzfeld.com). It's expensive, but it does recommend specific CEFs whose discounts you may exploit.
For me, HQL and THQ are ideal in my Roth IRA because of their distributions. While it may not be completely logical, I prefer CEFs to ETFs. I like playing the discount, when possible. Only ETF I have is MOAT.
