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.
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MikeM
I know you are not a fan of his, Mona (understatement :) )
Another Bills fan!!! Junkster just sent me a note saying the same. GO BILLS! They will be right down the road from me when training camp starts next week at St. John Fisher College. But tickets sold out in hours, so I won't be going. Are you from the area, Western NY?
@Hank, that's interesting. On the same technology idea, I kind of wish someone would build an app where you could marry what you are reading at any time and fact check at the same time. Maybe highlight a paragraph or sentence, press a button and ha…
I've never seen anything like this, where not only people but the news and politicians are out to get rid of President Trump at all costs.
Could this be because of Trump's polarizing personality where he represents only his followers, his social med…
I think there may be a flaw in this guys calculations. He takes $358,451 from the $600k 401k to be invested in his ladder. I don't see where he accounts for taxes on the 401k withdraw. Even at best and Harry and Sally had to take out 15% for taxes o…
Agree @Mark and the other scary thing about this is he seems to have everyone in congress, accept McCain, scarred sh__tless what he might say about them in his tweets if they dare to have a voice of their own. I fear he has the House and Senate righ…
Hi @Hank. I guess I never thought much about it, but @Wilmatt72 could be right about the under 50 thing. I have 3 kids in their late 30's, early 40's and I never see a newspaper at their houses. Myself at the ripe old age of 63, I get the USA Today …
@STB65, trying to predict entry and exit points had been the bane of my investing technique over the years. But the light bulb turned on and I believe I've learned my lesson.
I've borrowed the @Old_Skeet philosophy of having an investment range of …
I've always thought of the Cayman islands as a "legal" tax evasion for the rich an famous. A tax evasion most of us don't have. Hmmm, now I wonder where Tr ...ok, I'm not gonna type it. But I'm thinking it.
It looks to me that from all the input, the term "cash alternative" is very broad and different in everyone's mind. I would say any fund with a standard deviation much over 1.5 or 2 would be nothing like cash.
Insurance providers were pulling out prior to Trump's winning.
Exactly!!! That's the only influence they have. That's their card to play. They can make more with no government intervention. If they play their hand and pull out... Great ($$$) for th…
I got a feeling the high bond allocation in M* might be how they designate these "index swaps" that the fund uses. I've tried to understand swaps, but always after a couple beers. By then it's too late. I just don't understand them.
Here is my skeptical view on insurance providers; they are very much aware of their influence on Obama Care's survival and their influence on how the GOP is tinkering with the next plan. And there will be a next plan, but it will be their plan so al…
@davidrmoran , the extra cost for C shares of PONDX or PONCX can be considered financial advisory or brokerage fees from my experience. I had to use them (C shares) with the financial adviser who set up a Trust Fund for my mother. They didn't charg…
@Old_Skeet, thanks for starting to add the "skeeter-barometer to your posts.
That is an interesting question from Shostakovich. Have you ever thought of doing a similar value metric for say Europe or Asia?
Andy, I believe in the case of DSENX, the higher standard deviation is reflecting the steeper up-trend in the data. That is a good thing. The steeper the rise, the higher the standard deviation. As to higher ups and lesser downs (which it does appea…
It does have that balancing bond component / secret sauce.
@davidrmoran
Not sure how you can say that. The Doubleine information says it has 2 components:
- Barclays Shiller CAPE® US Sector Index
- Doubleline actively managed fixed income portfo…
Although M* calls it an value equity fund, I see it more as a balanced fund. It uses the CAPE strategy in that it invests in the lowest valued sectors based on Schillers Cape ratio for determining value with a twist described by their web site. Belo…
http://doubleline.com/dl/wp-content/uploads/9-30-2015-CAPE-Strategy-10-FAQ-Sherman-Final.pdf
Here is data from Doubleline. Looks like the max drawdown was around -44% during the 2007-2009 period, in contrast with -55% for the S&P 500.
They were developing an argument for financial planning and for client discipline and patience. That's a real world practical problem that many of us endure with often severe portfolio penalties.
Of course, MFOers don't suffer from those shortcomin…
Schwab has lots of load waved A shares for many good funds. Don't need to settle for American Funds. For example, I own SGENX, NTF, load waved and listed on their income list if that's what you're after. Also a world allocation fund that has better …
jstr , I like the 7 year itch rule here. Starting in 1986 and buying every 7th year, you average 18.3%. :) tongue-in-cheek.
This data set is rather amazing actually. 88% of the time since 1985 shows positive returns for the energy sector.
So this statement right here is the key to the debate, if there should even be a debate. Who would this new administration rather give that $20B to?
...So when the consulting firm A. T. Kearney projected that the fiduciary rule would result in as m…
I hope the European version does well. If it looks better than say FMIJX after a couple years I may buy. But I just don't see the reason to be one of the first in. You are buying a concept, a process, an algorithm. If it works it will continue to wo…
@MaryKay , I guess what msf says is pretty much true. Like Trump? Everything he's suggesting must be great for stocks. Hate Trump? He's going to drive the market into a tail spin. .
Given your examples, I just don't see ..."the dog whisle of the p…
MaryKay , I don't see his comments on investing as political. I think he is just saying (his interpretation towards investing) if some of Trump's talking points become policy, in his view this will have a negative affect on the over-all economy (or…
Wow, some or most of his comments reflect my own thoughts on Trump policies and/or stated agenda around isolationism, tariff policies, tax cuts that in the past expanded the gap between the rich and the rest of us, and using antagonism as a negotiat…
It's the little things that sometimes win or lose games. The turning point to me was when the Atlanta running back, Devonta Freeman, whiffed on blocking the Patriots defense-man Hightower. The result was Hightower getting to the quarterback and caus…
Old_skeet, reading between the lines it sounds like your broker is saying, "we have been making money off you by putting our own money-making needs first for so many years. Now with government regulations trying to protect you the consumer, we will …
@JoJo26 , in thinking about the managers investment into their own funds I agree with you. I don't think it matters much about "skin in the game". I may even argue it to be a detriment if the manager applies the portfolio to return what they need fr…
I would love to see a graphic of the returns from all these guys against their corresponding investment style indexes. That would settle any discussion about passive and managed investing. I have no idea who would prevail.
FWIW, Junkster mentioned BXIYX as a fund he would like to own. Schwab has the A shares of this fund load waved, BXIAX. Also NTF. (hybrid junk and bank loan fund).
