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?
Brings up some interesting scenarios. Is Valeant the only HC company doing what they do or will other Health Care companies (?in your portfolio) be accused of the same? Are the Citron accusations true or have they stretched the story for other reaso…
It is quite possible, in fact very likely that government understands their inflation numbers don't coincide with the spending habits of social security recipients. So isn't using the existing formula an intentional way of cutting social security be…
Hi proman. The 3 main drivers to winning the retirement savings game are to start saving early in your career, save as much as you can (10% of your income minimum) and have a diversified portfolio according to risk tolerance. I wouldn't agonize over…
Slick, it can seem like many here are in and out when you read posts like 'what are you buying/selling'. I think though, like you (and me) most are working on the fringe. I also have set allocations through Schwab that are basically buy and hold but…
I don't get why there is all the hype about paying 2.00%!
I don't quite get it either JoJo26. In a different post I see disparaging remarks about one of the best founds ever, SEQUX, and then this post clamoring for a fund with no record at all.
But 'Big Brother' is on!!!!!!!!! Much rather watch that,
Sorry, but you might as well call the Republican debates the sequel to 'The Apprentice'. All ego driven entertainment.
Question Hank. Why did you choose to have your Roth in a fund company like Oppenheimer which is know for a couple good funds and some not so good? Why not a brokerage house like Schwab or the like where the selection is better?
Crash, since you became Crash and not that other guy Max, you certainly seem to have your head on straight. I remember the days when you were almost all Emerging Markets with very little Domestic. I like your thought pattern, your own understanding …
Going back in Fund Alarm time, does anyone remember the obnoxious poster "Bill". Does Dex come close in context, obnoxiousness, insecurity, or maybe... or maybe Bill came back.
I had a couple limit orders come through which a few weeks ago thought were stretches. Ended up with CHKP @ 68.7 and GILD at 97.3. Hoping like everyone else recent buys work out ASAP.
Also had to buy rounds of beers and shots after my first hole-i…
Who said debt wasn't a needed tool here?
Please quote the poster so there isn't any misunderstandings
Well, you mostly, but here are a few comments I pulled that don't speak to highly of debt:
@davidrmoran I wish my household had a money printing m…
Okay, my mind wasn't made up so if I were scoring this debate, I give the 'debt is needed within our economic structure' crowd the win over the 'debt is the demise of America' opinions. Facts versus opinion is what I read.
I'll score it 5 to 2. Deb…
I believe this might be what David means. Per M&P prospectus:
The Mairs & Power Balanced, Growth, and Small Cap Mutual Funds are offered by Prospectus only. The Funds are not available for sale to investors residing outside of the United Sta…
I'm hanging on, trusting Ahn Lu.
Crash, I would say trusting the fund manager has little to do a falling Asian market. There is nothing that manager can do.
Problem with a country or area specific fund is the manager has no leverage. A distributed …
I agree whole heartedly with you Edmund. I believe what MJG is saying is, I just bend over take it. Sadly, that is true of most Americans. Most of us have decided those who can buy off government officials, those wealthy enough to afford lobbyists, …
My experience was the same as Art's. You can not roll over any part of a 401k if you are still with that same employer, plan options change or not. You are stuck with the options they offer and those options can and do change from time to time. My p…
Took some of my cash holding and bought a good chunk of SPFLX - Thanks Junkster. That is one heck of a steady trend.
Also bought some AAPL when it went to 14. Hoping China doesn't pull it down more but who knows.
EDIT : Oh yes, 114. I wish I had b…
Bee,I think you make good points on balanced funds going forward. But the individual investor has to contend with the same total return concerns outline by Ed Studzinski and yourself. My guess is 10 years from now, the amateur investor, which we al…
Skeeter, here is the point I'm trying to make, again. Your benchmark is relative only to yourself. Your added "spread" on return of 1.2% added value per year is relative. You can say over 10 years you have gain $120,000 on your million dollar bogey,…
Hi old _skeet. Steady growth is all about the way you allocate, and your method works for you. I would say what your style does well is it allows you to easily adjust sector or category weighting based on value methods you use to your advantage.
S…
I did not Bee. Connecting a line across all the new lows for this stock over the last 3 years shows a very predictable pattern. 20-22 looked like the new low before yet another predictable bounce up, but I didn't bite :( I did make a safer buy on …
Thanks for sharing Old Skeet.
I read many years ago from different publications, M* is one that sticks in my mind, that the actual funds you invest in are a smaller contributor to your total return over time compared to how you construct your port…
...maybe I should throw my hat into the presidential ring@NewOldJoe would definitely be on my short list for an ambassadorship!
LittleBee, ummm, I disagree. I'd vote for Old Joe for president hands down. You sound more the diplomat to me (and maybe…
I've been watching SHLD with an intent to buy when it reached 20.1. I've been hesitant to pull the trigger. I did notice last week, can't remember where I saw it, Berkowitz was still buying shares at 24 just a few weeks ago.
I'm a novice at this s…
Hi old skeet. Your system is perfect for you. Not questioning anyone's system really. I was just looking at a way to test the manager diversification theory.
My own opinion is using multiple funds and management styles in a category isn't going to …
Interesting thoughts. One thing I've decided for myself is on the thought of manager diversification. To me that is really no different than using an index fund, which I do.
I have 2 SCap funds also, GPGOX hopefully for management alpha, and the r…
Yes, Scott is right. Eric Cinnamond's name has become synonymous with "value trap" manager. And he has been invested this way for years now. MFO has endorsed many good funds, but the endorsement on this manager turned out to be a loser over the last…
Seems you can pay what you want to pay for advisers. From what I've heard, not substantiated, Edward Jones is one outfit that costs clients a lot more for their benefit, not yours.
My Schwab experience tells me CS has at least a half dozen differen…
However, having been burned myself a few years ago in OPGSX, I'd rather track these things than own them. Just a very tough way to make a living.
I'm on board with you Hank. Gold and PM miners are the essence of speculation investing IMO. I jumped …
Wow linter and all. We couldn't be more opposite. If I want something I buy it. If my wallet doesn't have money in it I stop at an ATM. I hate being cold so I turn the heat up in the winter. I would never waste my time clipping coupons. I'll buy the…
VF, if donations to charity were a reason for sticking with Hussman, and I've seen you state that before, wouldn't it be more effective to just donate directly to those charities yourself while investing with a winning manager? Then at least 100% of…
Good points LB. Again, not in either of these funds so no skin in the game. I once thought "alternative" funds sounded cool, but now think they are useless, or at least not needed in a portfolio. At least for me.
Hey, I think that is what Ted has …
Isn't it all about upside/downside capture ratio for these funds? Haven't looked, but I would believe HSGFX has a horrendous upside value and probably and okay downside. And since the market is up-side more then it is down-side, that is going to kil…
