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?
My 401k is with t.rowe price and I've been very happy with them. I don't know how unique the 401k arrangement is, but I have access to every fund trp carries, as if my 401k was an Ira.
It so happens the company I work for has recently gone into ch…
I won't venture a guess if China is a good investment now. But my own personal view would be not to invest in just a China fund. All of Asia will benifit from China's growth. So, in my opinion a diversivied Asia fund is the better bet.
If you go to their web, site, they have a compare option where you can pu,t the discriptions side by side. Mapix invests in dividend paying equities. Macsx uses dividend paying securities and fixed income products like convertible bonds and corporat…
FAAFX has been on a tear the last 3 months, up ~19% and #1 in it's peer group. But I agree with Scott. That high concentration is a bit scary.
That said, I bought the fund last February - portfolio unseen at the time. I wouldn't do that again, but …
Reply to @Mark:
Hi Mark. Yes, I agree. That is my recollection too. But I thought he used '08 and '09 as his guide to down and up years. Maybe not exclusively, but those 2 years were major inputs on his view of manager reaction and performance... t…
I pulled out of my small and mid cap US funds in the summer of '11 and put the money into one fund, ARIVX. Very happy with the fund. Definitely a "sleep good at night" fund.
I've decided my buy and hold funds will be funds managed by managers with …
I built the 2 portfolios in M* when Fundmentals 1st came up with them. With out changes or adjustments, this is the result. I added the T.Rowe Price Target date funds (the Retirement fund and the 2010 fund) that have the closest mix of equity/bonds …
Hi Cathy. Very sorry to hear about your mom and the subsequent problems with the estate. Rest assured, you have been missed here and I look forward to your posts again. Hope you can put everything aside and have a very Merry Christmas!
It's not surprising to me that a seasoned investor would not like Target Date funds. But for the 90% or so people out there with IRA's and 401K's that don't know how to, or don't have the inclination to create a diversified portfolio themselves - I …
Reply to @catch22:
Hi Hank. Extending the payroll tax to me seems like a very sensible thing to do to help out middle income people. You know the reason - give people more to spend to stimulate the economy. If the economy is stimulated, more jobs a…
PRPFX is a significant component of my portfolio, so I'm a fan. But you need to decide what your expectations are for this fund's returns going forward. My expectations for this fund may be different then your's or others. I do not believe it will s…
Reply to @kevindow:
There are many good managed funds out there. It is easy to 'collect' many of these funds. For myself, I found it is beneficial to limit the number of funds I own. And in doing so I try to keep no more than 12 funds in my 'core' …
Reply to @Old_Joe:
Thank you Joe. I wish I would have noticed (or understood) this discussion earlier, but I'm sure it went over my head. So I'm thinking the 'easy' money has already been made on this type of investment. If and when treasuries star…
Reply to @bee:
Hi Bee. Oh, it sure has had down moves - ever since it's inception about 1 year ago. The fund is up like 16% in the last week, but before that I think it was down like -28%. I have to admit I've had purchase regrets.
I bought the fu…
Good for you Max. I think we are about the same age (57ish?) and I'll likely take a downsizing buy-out within the next 3 months or so. The once iconic company I work for is pretty much on it's last legs, at least in the segment I work for. So, after…
PSA, I don't own it, but I would think RPSIX , tr price spectrum income, comes pretty close to what you and others are describing as a diversified core holding for bonds. It holds a diversified mix of other TRP bond funds and does the portfolio mana…
Hi David. Just some side information you may already be aware of. The company, Manning and Napier, is about to go from private to a public company. It is based here where I live in Rochester, NY, so we have been seeing this in our papers. I have no …
Reply to @bee:
Thanks for the article bee. I guess I'm not too concerned if he bought the stock in the mid $20's - which the stock price was at just before this article came out. The article is actually supportive of the purchase at that price. Al…
Hi bee. You've mentioned the RIMM purchase by Yacktman before, but I don't see it in the top 20 holdings in either of his funds as of 9/31/11. It must be a pretty small percentage,
Reply to @bee:
Hi Bee. I might argue that the least amount of investments would be much easier to handle (obviously) and you could even do it with 1 fund along with a CD ladder. VWINX or RPSIX would be great 1 fund holdings. They are diversified o…
Amazingly enough, I own FAAFX and it has been one of my top performing funds in the last month. Alas... it is still down quite a bit since I bought it in February. I'm just hoping (for my own sake) in a year from now, Berkowitz is able to snub his n…
Reply to @Old_Joe:
Joe, I am not able to articulate in my own words my thoughts on this subject of unregulated capitalism as well as you have. So, I'm just going to say I agree 100% with your argument on this and similar posts and leave it at that…
Reply to @catch22:
Hi Catch. Just my opinion, but your question on bonds or equities (?), I wouldn't make it an either or. You need to be conservative as you say, but I believe some equity funds are worth holding in what ever percentage you feel co…
Hi Max. Glad you're back.
You didn't really ask for advice, but you did say you were "...too concentrated in the extreme." Since you are going to be with TRP, have you given any thought of using one of their Target Date funds as your core holding? …
I put fundmentals portfolio into M* when he first came up with it. It has held up pretty well through this volatile market. It was designed to, as he put it, "loose less".
Here are the returns from his original portfolio, no rebalance. He used to …
There doesn't seem to be anything controversial in Schultz's comments as far as I'm concern. Clearly, both political parties share equal blame in all that has transpired over the years or even decades. The only way to take this to 'political controv…
Reply to @msf:
Isn't the total expenses the net expense ratio + the 12b-1 fee? That would be .92+.25=1.17 for TPINX and 1.17+.5 =1.67 for FGBRX. That's where I got the .5% difference.
https://www.franklintempleton.com/retail/app/product/views/fund_page.jsf?fundNumber=816
FWIW, I guess I didn't realize the global income fund could be bought without a load, at least in my T Rowe Price 401k account. The ticker is FGBRX. Expenses ar…
Reply to @CathyG:
Hi Cathy. fwiw, standard deviation will be different based on the # of years you look at, 3, 5 or 10, not just because the market may have been more volatile recently then in the past, but because of the formula used to calculate…
http://www.napfa.org/
Hi Cathy. Here is a web site for an organization of fee only advisors. napfa is a reputable organization. You can enter your zip code to find advisors in your area. Then I suppose you would go through an interview process with…
Reply to @scott:
" The Fed acted, acted again, and here we are discussing whether or not QE3 will happen because things ain't so great."
Sorry Scott, you can keep spouting the fact we are in dire straights all you want (and I don't disagree) but …
I agree with Shostakovich, a good fund for the right investor. If you want to be invested in the stock market but are looking for the least amount of volatility and capital preservation is foremost of priorities, Forester funds are the way to go. …
Reply to @Mindy:
The leader of Texas has shown himself to be the worst kind of politician. Say outrageous stupid things that when repeated enough times - people actually believe them. Hell, we could all be standing in bread lines today if there wa…
I have no skin in this discussion, but low and behold, I just got an article emailed to me through my AAII membership (american association of individual investors). If I can paraphrase what I think it's saying, TA is not the holy grail for investin…
Reply to @bee:
No, I haven't seen data in this form, but I've read about it's use. In fact, I read an excellent financial book while on vacation this summer that mentions it, "A Random Walk Down Wall Street" by Burton Malkiel. When I saw it in th…
