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?
"...more taxations/more penalty taxes for ones that don't want to buy HC insurance'
The 'penalty tax' statement drives me crazy. The people who choose not to buy insurance are the ones picking "your" pocket now. They don't pay for HC either becaus…
That is the first negative rating I've seen though I'm sure there are more.
In my opinion, HSTRX is the only Hussman fund worth a look. HSGFX has been a dog for way to long. Hussman's fortitude to stick to his model is commendable, but that invest…
Reply to @hank: Hi Hank. I also have been putting a little into PRNEX over the last few weeks. I'm actually considering selling my small position in TGLDX which I've held on to for a couple years and putting it into PRNEX also. I like the TRP fund b…
Reply to @scott:
I edited it.
John, I was kidding.
Scott, just having some fun with a take-off on a little discussion we had yesterday. I don't believe the health care decision moved the market much, if at all, yesterday and it's certainly not th…
Thanks MJG. That's good stuff and from my experience I agree with their findings.
One way I've quelled the emotional side of my investing (buying and selling at the wrong times) has been to buy and hold funds that are flexible in their allocation a…
Reply to @scott: I see your point in this chart. European concerns drove the market down from the start, just like it did for the rest of the worlds markets and just like it has for the last 3 months. Then when wall street figured out by the end of …
Reply to @DlphcOracl: I agree with you that LTC is important insurance to have in retirement but maybe with the stipulation you have a spouse. I liken it to having life insurance during your working years with a young family. You have an obligation …
I'm not sure the market being down has as much to do about the HC decision (if anything) as it does over more European worries. Heck, the market was down at the opening bell when most observers thought much of the HC plan would be repealed. Just mor…
Hi John. I've been reducing PRPFX and putting it into PGDPX. I like the income producing capability of PGDPX over the questionable gold and treasury holdings in PRPFX.
I remember the talk on Fund Alarm back in 2007 about what a terrific fund CGMFX was and how good a manager Heebner was. I bought into it, lost money and got out in 2008. Probably a good learning experience.
Today, for me, managed funds have to ha…
My wife and I both took out LTC policies about 6 years ago. I was 52 at the time and she was 58. The reason we did so was to protect our retirement assets in case one of us needed high priced long term care. Old age isn't the only reason you may nee…
"The Carl’s current effort extends the genre populated by soapy-wet females washing cars and battling each other in a pool..."
MJG, can you give me directions on how to get to this Carl's place? I live in Rochester but I'm willing to drive.
Reply to @CathyG: Hi Cathy. I've wondered about your absence. Good to have you back. By the way, you weren't the only one not to respond to the Yacktman letter and calls. I also should have but didn't.
Reply to @dporwan: No, ARVIX and YAFFX are not balanced funds. But the managers have no problem going to cash when they believe stocks are over valued or economic conditions look ominous. Their primary objective is to preserve capital. Many investor…
Your typical balanced fund is up ~13% over the last 3 years and ~3% over the last 5. The last 5 years includes digging out of a hole from the greatest recession in our history. That sounds better then MM returns to me.
I guess I'm getting old, but…
Reply to @BobC: Thanks Bob. I very much respect your comments. My income side right now consists of an index fund that mimics the Barclays U.S. Aggregate Bond Index, plus managed funds MWTRX, LSBDX and FGBRX. I also have in this bucket RPSIX, which …
Reply to @Old_Joe:
Joe, I've used the TRP fund, PRMSX in the past. I've been out of EM's for a while, but just started a small position in ODVYX recently after looking into Bob's recommendations. PRMSX generally gets good press as a steady-eddie E…
It's hard to buy into that comment, "the role of high quality fixed income is not to make you money". If you take that literally, you might as well be in a money market account instead of bonds. So I guess I'm one of those who has a hard time under…
Reply to @Sven: This is my 401k, but I don't believe that matters. My 401k is through TRP and gives me the option of using something called "TradeLink". TradeLink gives me the option to purchase any of the 1000's of funds TRP carries.
I don't know…
Reply to @Derf: Hi Derf. No idea if the financial sector is a buy now. Just adding to Scott's point that financials looked like a bargain or a good value play back in '09-'10. But those who jumped in early got beat-up pretty good. Berkowitz is the p…
Reply to @scott:
"There is great value in Europe and there is going to be greater value in Europe, but the banks aren't it."
I agree with you. If we parallel what's going on in Europe and how they will recover to the US recovery, every US sector h…
I don't know if it's a fair comparison, but it reminds me of another M* manager of the year and his FAIRX fund. Berkowitz went heavily into US financials because they appeared to be 'great value'. But in hindsight he was too early and paid a heavy p…
What sets this fund apart from other International funds? Will it be able to use different investments such as equities, preferred, convertibles, bonds - ala FPACX?
sligo, another idea around dividend income would be PGDIX. It's well diversified and looks to be less volatile then the Pimco fund. I reduced my PRPFX holding earlier this year and bought into PGDIX. It's held up relatively well the last 3 months th…
Reply to @Investor: Exactly! Politicians don't want to be branded as 'centrist' . That apparently is a bad word in this day and age. Yet I believe centrist governments are the definition of democracy. Far left or far right is not democracy (IM<…
Reply to @scott: Hi Scott. Yeah, I don't disagree with what you are saying. Your points are good ones about not tackling the tough stuff that needs to be done. But if we actually "let it fail" (no QE's or bailouts) would we have been better off at a…
Reply to @scott: The other side of the argument is that without the QE's, we might well have been in a depression at this time. Both sides can be argued by more knowlegable people then myself. I don't know the answer to getting out of this economic…
Hi Bee. Am I missing something? Just using the example you show, how do you make more money with this system than just being in PONDX over time if you keep buying and selling at the cross point? Seems like a more volatile way of getting to the same…
Reply to @Maurice: I didn't attack John. In fact I like John, as much as one can like someone you never met. I didn't think he should have removed his post if that is how he really felt. I said the comments he made were ignorant. Ignorance is the la…
Reply to @johnN: No hard feeling John. This country is lucky to have hard working, good people like yourself. Americans have been arguing politics for hundreds of years. And one of the great things about our country is that we have the right to voic…
Reply to @scott: Of course everyone has a right to an opinion, but to blame all that John stated on Obama, well that is just plain ignorant. As for hate radio, there isn't one thing Obama could do and be praised for by that venue. If he raises taxes…
Reply to @ron: I don't think whether or not these news letters are worth while pertain to using index funds or managed funds. In fact, it would be easier to use Rowlands system with index funds.
Reply to @kevindow: Hi Kevin. I researched and then bought PGDIX after you mentioned it months ago. I'm also a fan. The fund is well diversified and holding up very well in this current market turmoil. Thanks for the tip.
Well, I know this thread was originally on low risk EM funds, but the comparison and comments about ARIVX bug me a little.
The comment "...including investors rushing to get in before the fund closed (...which by the way ARIVX is underperforming …
Reply to @bee:
I agree with you Bee. Kodak and Xerox both had their manufacturing start here where I live, Rochester NY. Xerox has evolved into more of a service company now with pretty good success. An here's a bit of trivia. Joseph Wilson, founde…
