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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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
Cool.
But you know, some folks, like Mr. Redleaf at Whitebox Funds, are shorting small caps while going long equities, because they believe small caps are over valued.
That said, I may very well own ARIVX, finally, by tomorrow night...will let you…
Hi Ted. I know what you mean. Eric Cinnamond has 49% in cash and his fund ARIVX charges 1.42% ER. My only defense is that we pay folks like Cinnamond and Redleaf to assess markets and effectively time our investments, as active fund managers.
If WB…
After Shadow's post recently...
Effective after net asset valuation on Friday, January 18, 2013 (the “Soft Close Date”), the ASTON/River Road Independent Value Fund (the “Fund”) is closed to new investors until further notice...
...thinking of getti…
Thanks catch for the book recommendation, The Millionaire Next Door. I like it. Will add to my list and give a copy to some younger folks I know. It reminds me of an interview I heard on NPR a while back, believe it Scott Simon with James Taylor. Wh…
I suspect that BB cares first and foremost about whether the stock is deeply under valued compared to its book and earning potential...the rest is just chaff in his business.
Thanks catch.
You're right, looks like a lot more at news highs than new lows, like 25 times more. The site does not give full list option for the highs, like they do for the lows; otherwise, I would have screened for oldest share class, which woul…
Hi Bud. I missed this and just re-posted...I apologize.
In any case, good to see T. Rowe Price Capital Appreciation PRWCX back on top with David Giroux leadership.
Reply to @Ted: Thanks Ted. I enjoyed it...and will blame MJG for egging me on.
Thinking a bit more about this last post...
There are 9 money-market funds that actually out-performed SP500 over their life times, and 8 these were lucky enough to lau…
Reply to @andrei: Outstanding andrei. I was thinking same thing this afternoon. And, it reinforces the point made earlier by BobC about the WHO.
In 2008, TGLMX was managed by Jeffrey Gundlach, M*'s Fixed-Income Manager of the Year in 2006. Accordin…
Thank you sir, my pleasure. Yes, I agree, there is a very broad mix in the batch analyzed.
Honestly, I'm just scratching a itch started by MJG...hopefully, will not fuss it too much and trust further due diligence will come from the very capable re…
Hi chip.
I noticed that the Archives Pull Down is not working for me on the Discussion home page.
No matter what date I pull up, keeps coming back with Dec 1, 2012 issue. And, Oct 2012 is not listed in menu either.
Principally, my browser is Chro…
That's good. I think you are both suggesting that the surviving funds from this apparent "golden period" may skew the result, since by definition they had to be strong enough to weather the tech bubble.
Just to be clear, all funds in this evaluatio…
Yes, trend continues.
But to help put in perspective, I believe there is something like $18 Trillion in US equities, and $36 Trillion in equities invested world wide.
As for US bond investment:
According to SIFMA, the total value of all outstandin…
Tough to sell short in a bull market...even a reluctant bull like the present.
For example, I think Staples, Inc. SPLS has NO long term future, but I suspect even it it will rally like everything else, if a settlement is reach with fiscal cliff.
I suspect that most on MFO hold actively managed funds, because of the very nature of the site, but thought it would be interesting to ask...please see poll.
Reply to @MJG:
“Investing and soap share a common trait; the more you handle the soap, the smaller it gets.”
I like that!
"Studies demonstrate that nobody has the talent to select future “hot” managers, nobody effectively times the market, nobod…
Thanks Ted.
Makes perfect sense to me.
"ETFs, in contrast [to MFs], give investors the same kind of liquidity that they get by owning individual stocks — they can be sold at any time of the trading day [and without redemption periods/fees] — while…
Thanks Scott.
"He continues to worry about the U.S. debt load, but he doesn't think interest rates will surge anytime soon."
"He also argued that student debt is a major and growing problem in America."
"And as for trades, he thinks now's the tim…
Reply to @Desota: Hi Desota. It was a while back and you were part of discussion: A Tale of Two Fund Giants
Again, the issue for me is the way they prey on unsuspecting young professionals who are trying to do the right thing...save for the future.…
Well, glad to see outflows of American Funds. I am not a fan of their business model, which I've posted about previously.
But, sad to see outflows of D&C. They are a quality shop, but granted, not unexpected, given they got caught in the 100 ye…
Sweet catch, thanks for sharing.
"The Funds Boat is at anchor, riding in the small waves, watching the weather and behind the breakwater barrier."
Feels like same in our house lately. Steady as she goes, I trust.
Heavy to light: RNSIX, AQRIX, WBM…
Reply to @catch22:
"Noteable changes in bond returns will surely come some day.
1. watch Treasury pricing/yields; as well as bunds, gilts, Japanese bonds
2. watch reactions from 1 in bond eft's in all bond sectors
3. watch reactions from from 1 &…
Reply to @catch22: Thanks again Catch. Very much appreciate the detailed response and neighborhood real estate analogy. Yes, I believe you are thinking and transcribing quite properly! Until next thread, take care.
Very cool. Glad to know that I too have a piece of intrepid PIMCO Income. Thanks bee.
Looks like RNSIX holds about 18% of its portfolio in closed-end funds, about fifty or so names, two of which are PIMCO. Here is composition from earlier this year…
I chose the younger RiverNorth Doubleline Strategic Income RNSIX over PIMCO Income PIMIX after MFO featured it in April 2011. In addition to its great appreciation and strong yield, I was most attracted to its high Sharpe and low volatility, right f…
