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.
Support MFO
Donate through PayPal
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?
Once upon a time, there was a little girl named Goldilocks. She went for a walk in the forest. Pretty soon, she came upon a house. She knocked and, when no one answered, she walked right in.
At the table in the kitchen, there were three mutual …
Reply to @Charles: Thanks Charles. I've owned FAAFX almost since it started (same for you?). It's been a wild ride so far, but I believe investing with Berkowitz is a winning proposition.
Reply to @cman: The worst thing people can do is to pile on on down days as a way to deal with the recent losses.
Very much agree. Trying to catch a falling knife before we are even in "correction" territory has more downside risk than upside reward…
So a question for TP, is this the reasonable risk tolerance portfolio you expected? That's what you said you were looking for on your original post. It also likely disqualifies all "great owl" funds - risk/reward adjusted funds.
I don't really kno…
I'm not buying any equity funds right now. Still waiting for more of a correction. We haven't seen much yet. When we do correct, I'd like to add to my 2014 sector bet, global tech PRGTX, and to my international fund OAKIX. So, bring on the correctio…
It's always scary when it's happening, but to be honest, I welcome a pull back. When it does happen, I'd like to add to my global tech fund, PRGTX and to Europe in the form of OAKIX. If it's going to happen this year as most say, bring it on now!!!
Hi TP. You've gotten some good feedback here. Most I agree with, especially adding more international flavor and maybe, since you are only 40, more small cap exposure.
One thing about this discussion board which can be both good and maybe some bad…
Hi Bee, you know there is no free pass in investing. I like the poll data that Ted showed. Yes, Japan may be one of the top picks this year, but so might Europe+U.K. I would rather let a good proven manager slant his or her (international) portfolio…
Reply to @Kaspa: I think that is a smart move. Don't let an article sway you to choose a region as specific as Africa. It has as good a chance to have low returns as high returns. Let a good manager make that decision.
Bought WDHYX and PRFRX last week. This week bought PRFHX.
Leery about adding to equity funds right now. I'll wait for the inevitiable correction I'm assuming will come some time this year.
Someone mentioned beaten down sectors. I don't think that …
Reply to @Accipiter: I suggested the 'articles' or links category back in Dec. and I still think it is the best option, at least to try. Another "nice" option with that would be to be able to choose more than one category at a time. Have a little ch…
Reply to @catch22: Thanks catch. I'm going to take a closer look at munis.
By the way, I'd be interested to hear how your, at one time, all bond portfolio looks today. Have you gravitated more toward equity?
Reply to @Old_Skeet: Thanks skeeter. Yes, I x-ray often. Similar to you I try to stay inside a 40-60% equity mix. The mix of bonds I'm proposing is an attempt to get the most out of that category.
Reply to @davidrmoran: Thanks Dave. I'm comfortable with the risk/return profile I have in place. I have 4 segments to my portfolio with "aim" allocations of 30% equity funds, 20% bond funds, a 40% mix of balanced/allocation/alternative funds with …
Reply to @cman: Thanks for the feedback. I've held LSBRX and FGBRX for a few years now and consider them buy and hold. The WDHYX and PRFRX are new to me and an attempt to weight bond segments that may actually make money as opposed to lose when infl…
Reply to @bee: Good luck to you Bee. You could be a big winner with USAGX. It's good you applied rules to trades.
But, not for me... As I get closer to retirement, I decided contrarian bets like PM's are not my cup of tea. I would rather put small …
Actually, showing choices from 2003 now is much more interesting. They recommended some pretty good funds 10 years ago including Yacktman, Delafield, Mairs and Power, TRP mid cap growth, Buffalo small cap. Of course they recommended a couple stinker…
Reply to @cman: I think the S&P500 comparison is just a relative function showing how the long/short funds compare. LS funds are suppose to capture equity gains but not loose as much. The caparison between RGHVX to it's category is even more str…
Reply to @Ted: what I'm looking at is upside downside capture ratio. In the last year the fund has captured 97% of SPY. It has only seen 72% of SPY's losses. This has only been a mutual fund since Apr. 2012. Before that it was a hedge fund. Using he…
I agree. I bought it earlier this year. Captures most of the S&P500 and does well with down side. A bit more aggressive than some other alternatives. I like the chicken bull comment. Seems to fit.
Reply to @linter: My 2 cents would be similar to Hanks. Percentage diversification means more than dollar amounts. I've noticed that people with larger portfolio dollars tend to hold more funds just 'cause they can. The usual justification to owning…
Thanks for the post Hrux. You are definitely a positive influence bringing new ideas to the board. I plan to look closer at your links in the next few days.
Hrux, your discussion kind of got hijacked. Did you want to start a new discussion on contrary investments? I would like to hear more input on that subject and on which sectors people think have more room to run.
By the way, how did your work on y…
Reply to @finder: Umm, no questions from MikeM. Mark must be a distant relative form the M side of the family. I don't want to get in the middle of this.
The card my wife and I use exclusively is a Credit/Debit card from our Federal Credit Union. It is tied to our checking account which makes transactions easy to follow (my wife checks the account on the Internet often). We use it as a credit card fo…
Transfered my REIT fund to PRGTX in Nov. and plan to add to it on dips through 2014. Considering a bet on PRESX in hope that Europe will follow the same pattern U.S stocks took, only a couple years later. Europe made a nice recovery in 2013 but valu…
Broken is the wrong word. It is what it is. But the point the article makes is that PRPFX and other vehicles following this formula will not be able to repeat the fine results of the last 10 years. 25% of the portfolio is stuck in the mud - treasury…
