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.
since printing fiat currency is in vogue today, how significant is this news? I read in forbes that there is some discussion about a return to a gold standard, in which case an armed guard or guards would travel with the money to its' destination.
Unless and until we get our debt house in order and stop overseas excursions at taxpayer expense the government shell game will go on--it must. Today's stock market close [down slightly] already has me concerned that maybe the Bernanke 'Veneer Job" …
I bought it in April and just sold it for a loss. On the basis of opportunity cost, it did not appear to be worth the wait to see what might happen to GRTVX. Some purchases recently, MSCFX, FNMIX, PRMTX, not in the same type, varying capitalizations…
I bought into some mscfx. Maires and Power go back a long way and this fund has an interesting philosophy revolving around their home turf which I believe in. The Midwest always has had a great work ethic.
Thanks for all the advice. Since I have a longer time frame, I'll stick with fnmix. I did notice that the 2008 losses did recover in a year or so. I need to develop patience over time to wait things out. Sold five funds this year alone, couldn't wai…
Thank you investor for the closer examination. I will never, ever put a dime again into Oceanstone, that's my opinion and perogative. Watch the Morningstars fall off this one like a wet rock. It's an arcane fund. I don't get the signature guarantee …
I used to work for a railroad as a loco engineer. Not too many freights, mostly commuter trains. Still, it's good to see that railroads have a bright future. Some think that they might be hauling a lot of coal soon. I think that the Canadian pipelin…
Thank you one and all. The 'certain' amount being under $4000 is just a factoid. More importantly, the administrators at MSS were, in one case rude and ill informed, later the fund go to person was cagey when I tried to inform her about the specific…
That's interesting. I saw the graph plot, but didn't realize it was so severe. When will we see such a catastrophic fall again? I hope never. I see that this fund has a very low turnover. That probably adds some volatility as they hold on for dear l…
My son declines to comment as to the source of his money market exposure. I believe it to be a perk granted by his employer, HSBC. Rank has its' priviledges, as they say. He is out the the market, says that it is too risky per the potential gains, b…
I'm sure many of you have heard that a certain Goldman Sucks economist [am I spelling that right?] has put out a warning to clients telling them to get out of stocks before the 12% collapse. First of all, it's no secret, obviously spreading the fear…
My son thinks everything in the markets is no longer cheap, so not worth holding. He also expects inflation to rattle the bond markets if I understand him correctly. Some have said that the trouble in Europe must eventually come home to roost. I'm n…
MikeM I will check out those two funds. I'm 62 and I have a 20 year time horizon. I know how that sounds. I read recently that some 80 plus year olds have the cortex of 50 year olds. Why should I give up the chase so early? The kids can wait.
hank,…
Good point. I am being careful. My son is being more careful. He just pulled all his money invested and switched everything to a money market. Market timing doesn't usually work out, so I'm eagerly watching to see what happens.
I'm thinking that I should jump into MSCFX with both boots on. The company has been around a very long time, since 1931 I think. they have their clients in mind, have that midwestern mind set and invest primarily in companies out that way. Just saw …
I'm listening I'm listening, I'm looking I'm looking. Glad to see that Bill Miller is almost out at Legg Mason. He owned Kodak for the longest time. It also didn't help seeing that he personally owned a 250 foor yacht while doubling down on losers. …
I keep looking for mutual funds with low market caps under 100 million. I tried a few, the picks I indicated at the beginning of this entry. They aren't doing so well, at least speaking of the stock based funds. My timing couldn't have been worse, a…
Again, thanks for all the thoughtful input which I am in the process of digesting. Just sold OSTVX and am going into VGSIX. I'm retired but still feel the need to take what I hope to be prudent risks. This is a great discussion board, keep up the gr…
Thanks again for all the thoughtful answers. I copied the "10 lessons" and am presently in the process of choosing the cement to attach it to my head. It's tempting as an investor to throw the baby out with the bathwater and the market is in a tempo…
Thank you for the above two commentaries. I got on the Fairholme site last night and caught an interesting interview by Consuelo Mack with Berkowitz, the fund manager. He ignores the crowd. It's a biggie that is producing well right now. Going to ke…
I just want to ad that big funds are not able to produce like smaller funded mutuals. That being said, what happened to Oceanstone? Coin flipping luck ran aground? Told you I was impatient and delirious.
