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davfor
Thanks. She is well now and back to her daily volunteering.....
Yes, and the Global Rich List website just told me a person with $32,400 per year in income is in the top 1% compared to the rest of the world's population.
Here is a link that lets you plug in your annual income and see where you fit on a global b…
Here is one pundits caution laced opinion:
"When Shanghai was peaking at 5,000 in June, I gave you five words of advice: Get. The. Hell. Out. Now.
To which I’ll add five more: And. Stay. The. Hell. Out."
From:
marketwatch.com/story/chinas-stock-…
I am surprised by how well active funds performed over the 10 year time period through 2014 in some categories. Here is one of the charts from the M* link:
I just want to thank @Ted for making it clear where the US Stock Market is headed for the rest of the year! And @Junkster for suggesting its probably wise to be positioned so that a big downturn can be welcomed as a buying opportunity. I sit here …
The review of the JOHCM International Select Fund (JOHAX/JOHIX) was appreciated. It did a good job of fleshing out some of the factors that recently caused me to make a token investment in that fund within my "mad money" account. (I have had my ey…
My simple minded thought is that the current bull market in US stocks is probably closer to its end than to its beginning. That thought provides a lot of wiggle room but also provides some measure of guidance to my actions.
This is the takeaway message to me:
"While dividends and buybacks prop up stocks in the near term, they can come at the expense of long-term growth initiatives. As the Wall Street Journal reported Tuesday, the recent buyback mania has coincided wit…
Its important to consider both free cash flow for the household and the nature any remaining debt payments when considering this issue. As long as the level of free household cash flow is dependable and is sufficient, I don't think that having fix…
Mark
May 21 edited May 21 Flag
davfor - Don't fight the Fed is an old, but reliable adage.
http://mutualfunds.about.com/od/wheretoinvest/fl/What-is-the-Meaning-of-Dont-Fight-the-Fed.htm
The article you linked and your comments both make sense to me…
@Scott "Don't Hussman, in other words." I wondered if that was what Mark was getting at.....I am still picking up on the slang used in this neighborhood. Ted's post provided me with several things to consider from a somewhat different perspective…
@Mark "Don't fight the Fed and stick with the trend" makes sense to me. I am wondering if "Don't fight the Fed" helps you to make sense of the "admirable" emerging market performance that was observed when the Fed was actively increasing both the…
@Ted Thanks for this link.
The bullet quotes at the link provide a lot of food for thought...here is one interesting sample:
"The good news is that…emerging markets and the Scandinavian countries perform admirably when monetary conditions are e…
@bee My focus when reading the article was mostly on what the currently somewhat elevated market P/E ratio might mean for the market going forward. It moved my dial a little further away from the "highly concerned" end of the spectrum.
I suspect…
@DaveC
"Here is a another point of view regarding DFA vs. Vanguard
http://whitecoatinvestor.com/dfa-vs-vanguard/
Dave"
Thanks for that link. I had been thinking about the fee difference between using Vanguard funds and DFA funds. This provides …
@Charles I am revising the May 2 post I made yesterday during my daily MFO visit. It was made shortly before I left on a cross country plane ride and it didn't really make my point. Here is a second effort.
The fund family rankings are a great i…
@Ted Thanks for the link. I have owned WHGIX for about 2 years now. So, I was interested to read the interview with Mark Freeman. His thinking still makes sense to me.
A few more thoughts....The search tool at this site brought WHGIX to my atte…
@David_Snowball "I also noticed the Turner anomaly, it sometimes seems more like a ship of the damned than a luxury liner. I have no doubt that the ranking is consistent with the data. The only question is whether the data is consistent with real…
Thanks David.
The ranking of fund families is interesting. I notice Turner shows up at the top of the pack. It looks to me like 3 of their 6 funds have not yet experienced a full market cycle -- TMSEX (2011), TSPEX (2009), and TTLEX (2011). …
@bee Yes. Red wine made the list (although not among the Seventh Day Adventist blue group!). Unfortunately, my IPA beers were not on the list. I think the yeast may be a killer. Ah well, some cheating is permitted.....
@bee I have never been able to remember much of anything. So, my challenge will be compounded if my memory does start to decline!
To your listing of exercise of brain and body, I would add good diet, good sleep patterns, faith based activity (w…
Yes. Its important to develop a complete will (or living trust) early and to keep it updated. It is also important to do some contingency financial planning regarding what happens if you do suffer from significant mental decline. And, it is import…
I sold this fund about four years ago due to concerns about rising interest rates. Silly me! This retiree could fashion a fairly simple "all weather, total return retirement portfolio" I would be comfortable with by combining VWIAX with BERIX, FPA…
My individual investments in actively managed mutual funds almost exclusively involve individual funds that focus on one market segment or one investment style. So, it makes sense that my comparisons of active share numbers between funds would be r…
@Ted Thanks to the linkster for the kind words. I have been investing in the stock market since the late 90's. (I was a late convert from line of thinking that says investing in stocks is just for gamblers.) Most of that time has been lived in t…
The Abstract states:
"Active Share correlates with benchmark returns, but does not predict actual fund returns; within individual benchmarks, Active Share is as likely to correlate positively with performance as it is to correlate negatively. We co…
There is now a monthly fact sheet available through the Schooner Funds website:
schoonermutualfunds.com/wp-content/uploads/2015/04/SHAIX-MARCH-2015.pdf
@Tampabay
Tampabay
10:18AM Flag
I think its more of a matter of having too much Cash on hand for profitable companies, and innovative ways to make money with the cash, Why not find ways to give back to Company Owners, the share holders, Bay backs a…
@JohnChisum
I think that is what the first chart is showing. The P/E ratio declines from a long term peak to a long term trough to define the boundaries of that period. And, the S&P 500 (in red) only increases by 33% during that 15 or 16 year…
My guess is they think they have sufficient capacity to beef up those market cap and geographic segments of their portfolio without significantly impacting the performance of their existing funds. They had talked about starting a Fallen Angels fund…
I located this discussion of the fund. Maybe someone will have some insight about how this type of strategy has fared elsewhere. All I understand is that its initial rate of return appears to be unsustainable. (The chart of the returns presented …
@Old_Joe Thanks for your list of additional funds. I will check them out. My motivation for dipping my toes in the frontier markets pond involves their growth potential over the coming decade or so. I expect the short term performance of MEASX a…
@Old_Joe Yes, SFGIX appears to be a good choice for general EM exposure. But, when I sold LZOEX three years ago, I was looking for a FM fund with good exposure to Africa so I bought WAFMX (which I learned about at MFO). That got supplemented with…
@Junkster Yes. SFGIX has been on a roll. But, I still keep comparing it to MAPIX -- Andrews Fosters old home base -- and have yet to find a reason to switch horses. MAPIX has outperformed since SFGIX was born and is keeping up YTD. I know the…
At my age, the odds are good that "forever" may present itself sometime within the next 30 years. So, I'll divide "forever" into 3 equal time frames:
Looking 10 years forward from today -- after thinking about it for a while -- I decided I would p…
I suspect that "forever" is longer than 10 years. I wouldn't want to leave an actively managed fund on auto pilot for that long. So, I would go with an index fund. Comparing VTSMX, NAESX, VFINX, and VIMSX back to VIMSX's date of birth for both ta…
Mark
12:10PM Flag
The author works for Raymond James. Can you say "possible conflict of interest" because nothing he wrote in the article had me pumping my fists in the air.
Yes. I think there is clearly a conflict of interest. But, I think there…
I plan finances up to 85-87yo.....that way I know my plan will come true (work), your plan to 100yo is dead (no pun) to Start
At 65, I am a "young" retiree. Doing some harvesting each year from investments provides a significant portion of the annu…
My "sleeve" system has 5 "Pots". Most holdings are in a taxable account. Core holdings include those in the Cash, Ballast, Moderate Volatility, and Stock Pots. The fifth Pot is the Special Situations Pot. Active trading is permitted in that ~10% o…
Here is an update about the recent performance of ICMUX. Per M*, its performance since 8/31/14 and the performance of some other funds mentioned in this thread are as follows:
ICMUX: -4.4%
RPHYX: +0.3%
RSIVX: -0.8%
DLINX: -0.6%
M* High Yiel…
