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.
@WABAC: one could infer from your experience that all the other holdings in your IRA went up so much that the precious metals now represent only 1.24% of the account. Look on the bright side!
@WABAC: because of DNC coming up, CNN had a documentary on with lots of scenes of the Chicago 1968 convention. Most striking thing to me and my wife was how skinny, almost scrawny, the young kids looked. The same slice of the population these days i…
Good point, @sven, regarding Capital Appreciation. It appears that Segalas got some help from other Jennison Associates colleagues in the last few years of his service. These days, three of them are running the OEF while those three, plus a fourth, …
Harbor Funds have had some real success choosing managers, but there have been failures, too. When Marsico managed HAIGX, results were OK. Harbor International and Harbor bond were leaders in their day under Castegren and Gross, respectively. These …
Rajiv Jain is not afraid to concentrate his bets in GQEIX (and in his other funds as well). M* reports 61% of AUM in the top ten, while the comparable figure is 42% for QLTY.
@hank, @catch22 and other MI residents might be amused to know that FBBAX has approximately 1% of its AUM in KEWL, the Keewenau Land Association. This former forestry products company has considerable subsurface mineral rights. The Upper Peninsula o…
The First Foundation Total Return fund (FBBAX) does fit the moniker of a go-anywhere fund. It invests in an eclectic mix of international equities (49%), domestic equities (26%) and fixed income (13%). Cash is currently around 10%. The equities repr…
With respect to EKBAX, I note the lead manager, M. Patel, graduated from college the same year I did. M* may actually be right in questioning the lack of a succession plan for the fund. Not long ago I was saying no one my age should be running for p…
@BaluBalu. The Invesco site is a bit thin on explaining methodology. However, the fund’s universe is the S&P Mid Cap 400, from which are chosen semi-annually some 80 stocks that exhibit characteristics of “momentum,” or rising prices. Not terrib…
@WABAC and @BaluBalu: re: XMHQ.
For some reason I spotted XMMO, the Invesco MC momentum fund, dancing across the bottom of my TV screen. This fund has been outperforming for nearly three years, catching and passing XMHQ this year. M* cites 136% tur…
@BaluBalu and @WABAC: I wonder how the "quality" bias in XMHQ is supposed to work. I may have wrongly assumed it would mean lower volatilty on the downside, but it has not proven to be a brake. I agree that a couple of stocks affected recent perform…
Another MFO member and I sold some SC into Wednesday's "rising" market and we precipitated the RUT's huge gains on Thursday all by ourselves. (Only part of the preceding statement is true.)
@Soupkitchen:there have been several threads on the Capital Group's suite of ETFs. If you put tickers such as CGUS, CGDV, or CGGR in the search box on the Discussions page, you'll be directed to those discussions. Several MFOers appear to be shareho…
@sma3: ARDBX is predominantly small and micro cap. It holds only 22 positions representing 60% of AUM and still has a lot of cash, despite trading for more than 2 years. Quite a different animal compared to the Artisan LC international and global fu…
@WABAC and I saw one purple line on a graph. @catch22 then provided a graph with three lines, one of which was purple and apparently represented value, and allowed for a comparison.
Today Invesco published its annual report on its ETFs. XMHQ sold Super Micro (SMCI) during the latest reporting period, so it is little wonder there was such a high STCG distribution.
@mcmarasco: CGUS may well be a good choice. At present, I doubt that the FI allocation in a balanced fund will add much more value than what my pretty large stake in a MMF pays. I do have CBLDX and OSTIX as my sole bond funds and only one allocation…
I turned 82 in February but for some time I have been saying that no one my age should be running for president. Hate to say it, but somebody needs to have « the talk » with the DemocratIC candidate. Last night’s debate debacle embarrassed me and ma…
@mcmarasco: I have never owned American funds, but I like their ETFs for the seasoned teams managing them, the independence of team members (according to M*), the fact they are big enough to trade easily, and performance so far. I still own a few OE…
I have some 8% international in the actively managed portfolio. CGXU and OSEA for international LC, CGGO and GQPRX for global and BISAX for international SC.
I switched to BISAX after HIISX disappointed me in the last two years. Both of those funds…
NPR reported yesterday that Boeing received 7 plane orders in the past month but that 33 previous orders were canceled. That’s nearly 5 steps back for every one forward.
@Junkster: in my experience, Schwab will automatically debit the cash balance in our joint brokerage account to cover an Investor Checking account shortfall. It just happened recently when I had to pay taxes and estimated taxes. It’s not necessary t…
If I had turned down all but 4-5% of the most attractive investments (or dates) in my lifetime I would have no nest egg today and I’d still be trolling dating sites instead of being married for 58 years. Sometimes it pays to accept some risk and the…
I can access M* Premium thru local library. I think one cannot set up a watch list or a portfolio in the public version. Most everything else looks comparable to subscribers' version.
@MikeM: from what I can see, CGBL is about 30% FI, with another Capital Group ETF, CGCP as the only holding in that asset class. The rest of the fund appears to be all individual stocks. CGCP is labeled a core plus income fund. I don't know how RLGB…
@hank: it is a long article. Lots of acronyms and techy stuff. It may be that the New Yorker failed to bring Part II out of mothballs. I'll keep an eye out for a version in a decent format.
For some reason, the New Yorker published this week an article from 1972 about the Apollo 13 mission that nearly went really bad. I have linked Part I of the text by Henry S. F. Cooper, Jr., a writer I had not known. Surprisingly, Part II is not mad…
Thanks, @Mark. According to the article it would be illegal to offer a parasol to protect from the sun. Where do the drafters of these laws come from? Law grads who failed the bar exam or the competition to get a clerkship?
@Mark: I watched both women's games and was happy with the outcomes. UConn men and women seem to be able to score rapid bunches of points such that I lose track of the score and how well they are doing.
I appreciate you drawing my attention to recent performance of MOAT. In fact, over the past nine months it is lagging two other ETFs I like, TCAF and DSTL. The new fund from Capital Group, CGDV, has done better than all three, to my surprise. Maybe …
@BaluBalu: did you notice the apparent contradiction between the above description of the fund and the holdings as found in M*? OMFL holds almost no LC stocks, but is a MC/SC offering with an average market cap of $10B. Since midcaps constitute some…
You make very good points, @Devo. Several of your arguments could serve to buttress the choice of the "go-anywhere" style of portfolio management. I could be persuaded that an amateur investor ought not choose funds or securities on the basis of ass…
