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.
@Ted Thanks for adding dailyalts to your morning news sweep. I just learned to this website last week when (I believe) Prof Snowball mentioned it in his commentary.
@David_Snowball Thanks, Professor Snowball, for your excellent commentary. I particularly enjoy your comments about non-investment related matters. Your discussion about the current plight of small private colleges was a great read.
I'm thinking …
I wish there was a way to short Morningstar actively managed mutual fund recommendations.
@Ted This comment is in no way a reflection upon your outstanding contributions to this board
@Junkster Your notes of caution are appreciated. That having been said, I'm getting bored with index funds and need to have some fun in life (at least with a small portion of my portfolio).
Performance chasing active fund managers, waiting one…
@rjb112 My take-away from that article is that it's best to dollar cost average into the market at any market level. I have no opinion on that strategy.
@rjb112 Couldn't find a link above
Many readers (especially Bogleheads) will be horrified at the following statement: I don't know a whole lot about managed futures funds. I believe they help when asset classes start moving in different directions…
@rjb112 I agree with you 100%. It is much easier for me to find managers that add value in the bond arena, rather than equities. Gaffney, PIMCO, Loomis Sayles and DoubleLine are all favorites.
Like many here, I'm not a market timer but do believ…
@VintageFreak Sam Stovall and Art Cashin (and possibly Bob Doll, as well) are fairly well known market pundits who prognostications @Ted has occasionally introduced to this board. More recently, Ted seems to have stopped introducing links to their m…
I like the RAFI strategies (as a portion of my index ETF portfolios), but if I understand it correctly, the fixed income portion of the PXTIX strategy is dependent on Gross & Co's calls on interest rates, which, as far as I can tell, are eit…
@MJG Thanks for taking the time to address my question. Useful information and well thought out analysis as always.
VWELX vs. DODBX - When confronted with vexing choices during my migration to passive ETFs, I tend not to completely dump "old frien…
@MJG May I ask in which market sectors will you be retaining the highest percentage of actively managed funds? I do understand that one person's investment decisions may not be appropriate for others to act upon.
"And FPA Crescent is hardly the only conservative stock fund that promises to soften the pain of the next bear market. Matthews Asian Growth & Income (MACSX), which lost 39.4% in the 2007-09 bear market, and Vanguard Dividend Growth (VDIGX), whi…
I was an early investor in PIMCO Unconstrained Bond. Who could go wrong with Mohamed, right? I did. Mohamed is a brilliant man who seemingly couldn't apply his knowledge to portfolio management. He's probably best off in an academic/think tank set…
During my research, I ran across such articles as "Smart Beta is just Dumb". I think many such articles are written by people who have vested interests in maintaining the status quo (market cap indices).
I would agree that the PIMCO marketin…
Up until recently, my EM portfolio was 100% Vanguard index ETF. I got tired of performance chasing, only to be uncertain as what to do when the managers' performance tanked for a year or three.
After researching the RAFI approach, I put a po…
If I recall correctly, Bill Gross make a similar prediction some time ago and was flat out wrong. I'll be interested to see if Dan Fuss and crew does better.
For me, the wildcard is Kathleen Gaffney and EVBAX. Could be a bumpy ride during a downtu…
@Ted Copyright infringement issues (which I'm not qualified to opine on) aside, I much preferred the "old" Ted (the one who said he would name me in his will). Many of the "he hurt my feelings" comments on this board are just plain silly.
I will …
@Ted I'm not sure I catch your drift, Ted
Yes, stocks have outperformed bonds in the past, but it's anyone's guess as to whether that will continue to be the case.
My point is that a 100% or even a 75% stocks portfolio isn't for everyone an…
I have found myself in a similar situation with a similar question in many instances. I switched mostly to ETFs. As much as I enjoy this forum, I have seen several forum darlings (PAUDX, MFLDX, etc) show subsequent underperformance with resulting "s…
