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?
From my work computer, I have not been able to get on the discussion board since the change.
The discussion part has never really worked well on that PC. I could often see that new replies to posts existed, but would not be available when I opened …
Reply to @Skeeter: Thanks for the post Skeeter. I look forward to your perspective and thoughts on what you are doing in the market. I know from your posts that you follow the sell in May theory, but with the caveat that you don't ignore valuations …
Thanks David for another great commentary. I especially liked your timely feedback from Eric Cinnamond.
I didn't add a comment on Shadow's post about ARIVX re-opening because it was confusing to me. What was the reason for opening a fund with so mu…
Reply to @Shostakovich: Hi Shostakovich. REITs are thought to be a good inflation hedge because rental costs and real estate value goes up with inflation. It's considered one of those 'hard assets' which tend to do well.
Sounds to me the TRP fund …
Reply to @hank: Hello Hank. I've never taken the time to look at PRAFX, but I will. A quick look in M* shows an equal distribution between NR and real estate but also includes energy stocks. It maybe a better diversified inflation hedge then PRNEX. …
I like PRNEX for NR and energy. I started buying in again this year because it is an inflation hedge, but especially since the price was around 30% off it's high. I figured this was a good time to get it cheap(er). I'm hoping over the next couple y…
I don't see much data about a looming recession. Mostly I hear more of the same... low percentage growth plodding along. I anticipate another pull-back only because that has been the pattern for quite a while - new S&P high - fall back - high - …
Reply to @scott: HI Scott. You could be right. I'm a terrible shopper. I'll look around for the best unit cost, but I don't keep track month to month let a lone year to year. Pretty sure though costs haven't doubled since 2007 as John alludes to.
…
Reply to @johnN: John, your valuation and inflation data is questionable, but I don't think you are to off-base here in your thought. I think there is a much bigger gap between the haves and have nots today. I don't have data on that statement - jus…
Reply to @MJG: MJG, I don't usually chime in on this type of discussion, but your comparison of our successful, educated and ambitious forefathers to todays educated and wealthy politicians is absurd.
We have been taught that men like Washington, J…
I think you were smart to get out Hank. Sounds like a fund in disarray. Now Hussman is changing his hedging style because he sees the error of his past!!! That pretty much makes it a fund without style history and a manager who is second guessing hi…
Hi catch. You may already have a way of determing fair value for a used car but the site I always go to is Edmunds.com. You just add the car you are interested in- add any options- mileage- ect... and it will spit out a "fair value" price depending …
Hi romroc. I have to agree with Hank. TRBCX isn't a fund I would have picked as conservative. It's a growth fund which puts it in a more volitale category to start with.
The TRP Equity Income fund would fit that bill a little better. PRBLX or YACK…
Let me also throw in my thanks to Scott. FPACX is a fund he proposed early on around the 2008 period that has become a staple and largest holding in my 401k portfolio. Scott, you are a heck of a contributor to MFO!
Some times the memory gets fuzzy …
Catch, you are a bit older than I thought. The pencil was invented around 1565, which I guess makes you about 447. I wouldn't have guessed you were a day over 65!
Not what you are asking for but maybe they serve the purpose. I read an article recently about the Vanguard Managed Payout Funds. Apparently, there are 3 funds available, conservative to aggressive, that send you a monthly payout. The goal is to ma…
Reply to @VintageFreak:
"Those who make that kind of money AND deserve to make it also give it away."
What does that mean? Do you really believe guys like Gross (the 1%'ers) are 'giving their money away'? Not debating if he deserves it or not, but…
Reply to @hank: I wasn't going to interject in this disagreement, but I'll reply to you Hank. You said it very well with these two lines:
"... And, Ted is Ted. What can ya say?"
"If you want the spot-light on ya, you're gonna take some occasional f…
I don't have a lot of input on TWWDX but I've followed it on my watch list for about 5 years. It's a good fund, but if memory serves I think the expenses may be kind of high. Also a quick look shows the EM % in it's portfolio is high.
I'll throw…
Reply to @bee: Hi Bee. I've given up on miner funds. I owned USAGX for a few years and then swapped it for TGLDX because it actually held some physical gold (USAGX does not). I don't think I've made a cent on PM (miner) funds in the 5 years I've inv…
Reply to @MikeM2:
Hi MikeM2 - hey, catchy name :) I'm 58 which would be why I may have a more conservative outlook on EM percentage.
We seem to be inundated with the message that developing markets are the place to be going forward, but that com…
Reply to @fundalarm: No advisor. I'm able to get it through my TRP account.
One caveat to that and I wouldn't know if Fidelity has the same problem, the TRP search application called Gateway does not show ODVYX available to buy. I've found other f…
I have ~12% right now in EM equity and bond funds.
eq funds I'm using:
MACSX 5%
MSMLX 1%
ODVYX 1% new to me. continuing to DCA into
and em bonds:
FGBRX 4%
MAINX 1%
http://moneyover55.about.com/od/managingdebt/a/creditscore.htm
Hi icyone. I agree with you. I was responding to catch's original question, would canceling the credit card affect the score.
Catch, above I linked an article from money magazine. #2 …
Actually, I think it does affect your credit slightly negative for kind of the reason Hank stated. The total of your total available credit limits is the denominator and the outstanding debt the numerator. If you remove available credit from the de…
I liken QRSVX to the Forester funds. By manager design, it will always look better then average in bear markets but lag in bull markets.
QRSVX seems like a nice conservative SC fund, but I've never been temped to buy. I like ARIVX managed by Eric C…
Reply to @Charles: Hi Charles. Thanks for the Kiplinger articles. I get their magazine so I did see the Low Risk Funds article.
Couple of comments; I've heard Bee describe her method of comparing funds to PONDX. Using this fund to buy into and sel…
Something about this post leaves me skeptical. 90% of me doesn't believe it.
But to play along if you are sincere, Max hit the nail on the head... You need a plan.
I've made a couple new (small) purchases by starting to get back into EM's with ODVYX and NR/energy with PRNEX. Both are well off their recent highs.
I also recently swapped a couple funds.
I've held a pretty substantial percentage in the well div…
Reply to @MaxBialystock:
MAPOX is struggling? That is relative. M* lists it as in the top 2% in it's category YTD. MSCFX is having an unbelievable year as a new fund. It appears at least at this point that you have made a couple good choices.
Reply to @bee: HI Bee. I own MACSX, not MAPIX. These are just funds on my watch list though I do own a few of them.
MAPIX is a stock fund holding large dividened stocks. MACSX, in addition to stocks holds convertibles and some bonds. It's meant to…
I keep track on my watch list where funds are in comparison to their recent highs.
Here are a few funds that are still way below recent highs, International, EM's, NR and minor funds for the most part. Notice MAPIX and MACSX have not fallen off t…
My TRP account says the same:
YACKTMAN FOCUSED FUND SERVICE CLASS
My fear on this transition is not as much that fees may inch up, but that the new owners push the fund's asset base even higher then it is today, over ~6 billion. I can see it grow…
They are both pretty good conservative style balanced funds. I know GRSPX uses small cap stocks on the equity side so that may be hindering it's short term performance. Small stocks have not done as well as large cap over the last year. A quick look…
