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.
Took a quick look and is a well managed fund but with such high cash 22% I think its a watch and see. If it were me I'd also keep it in cash, why pay them?
since this is a mutual fund board, I suppose you meant longest MF, but since some have listed stock, that's easy, I have owned BA since 1978 and PCP since 1979, also sold some in that time period. Others are ELN, PEP, NOV. For mutual fund, PRWCX, si…
Reply to @BobC: How about this for a scary headline, "if your not substantially invested over the next year or two, you will miss the opportunity of a lifetime"
It looks like there is different management since the 2008 period, but one of my criterias in looking at any funds now is how it did in 2008-2009. The PVYLX -40% drop and a weak 2009-10 recovery is not one I would consider now,
At one time I owned a steelpath fund but sold it when I was not satisfied with my experience with management. At this time I only own a diversified MLP fund managed by legg Mason, CEM
With a track record of a little over two years, ClearBridge En…
I just leave it to my favorite fund First Eagle Global SGENX who invested in Japan when others stayed away. It holds about 20%. I think its still influenced by Eveilliard who reitired but a major holder in First Eagle.
I rarely see Scout UMBWX mentioned but we are pleased with it. Lower ER, long time manager and decent performance. Another to consider is a Schwab ETF-SCHF, no fee at Schwab.
Reply to @chip: I ended up copying the post and canceling it and then pasted it again, added the subject and it sent ok. Happens frequently. This is from a laptop on a router at home, using windows7, browser IE9. No other issues with any other websi…
Reply to @BobC: Agree. I think the manager is most important and based on that I have avoided the index bond funds and stay with MWTRX, FEHIX and PIMIX.
I appreciate the responses all have made. Very helpful to me. I will be using an ETF I have in IRA's, Schwab U.S. Dividend Equity SCHD, Perhaps will use others as well
I didn't mean to start an in depth discussion pertaing to taxes. Thats for you and your accountant or advisor. I was simply referring to retirees without taxable earned income who know they are in the 15% tax bracket.
no, at age 79 and with SS and RMD we only use the SS & RMD for expenses. No debt and not very frugal. Not drawing from Roth. Taxable income in 15% bracket can be $72,500. We are well below that.
I had my son-in-law sell everything before the rollover to a new custodian so it was all cash and we then invested as we had planned. Worked fine and the was about 1.3 million in Jan-2010.
Reply to @clacy: I used to use perf charts but had little confidence since reinvested dividends were not always done. However, haven't used them for a few years.
Added some MWEFX (no load) for growth, no bonds, more global exposure and some momentum.
Also bought some VWINX in a new roth. Increasing fixed income slowly.
If your with bond managers with a good record, let them manage, don't try and second guess unless you can do the managing. If your concerns are unbearable, go to lowest duration funds or to higher cash. Too much analyzing is bad for your health and …
It has always been a small part of my IRA portfolios, including taxable since has good tax efficiency and I'm 15% tax bracket. However, percent varies and is in lower end now.
I just got a new recliner made in Norway called stressless. Top grain leather where I can just lay back and enjoy watching my portfolio grow. My life is too short to need a watch but being retired is good.
I got into FEHIX last year for a small position in our IRA's. Not as inexpensive as Vanguard but I like the First Eagle family and have been happy with the high yield fund.
http://quote.morningstar.com/fund/f.aspx?t=FEHIX
Reply to @fundalarm:
I am not referring to what is rather simple straight foward data but rather what is not.
This is more of what I mean.
Type % Net % Short % Long
Cash -73.42 85.65 12.23
US Stocks 0.00 0.00 0.00
Non US Stocks 0.00 0.00 0.00
…
I would say most of us don't understand how he does it except he uses derivatives and there may be hidden risk in the fund that may not be obvious. Hope not.
Another hot fund manager from the 90's was Oelschlager of White Oak WOGSX. The fund had several billion at one time. He never got back to having a respectable fund. Still concentrated in 24 stocks and down to a total couple hundred million. He cert…
The preferreds have done so well since they did so poorly in 2008 and have recovered nicely. I have held PDT, a closed end fund with leverage I like very much.
