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Post by steadyeddy on May 4, 2023 23:54:35 GMT
Is there any interest in that fund (PAAIX is the institutional class)? Do any of you hold it?
I am thinking that it provides a tactical, contrarian strategy for this turbulent times.
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Deleted
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Post by Deleted on May 5, 2023 11:30:14 GMT
Only if you can time things and get out when conditions change. Arnott hasn't gotten that right very often in the past , although he is slightly better than Hussman.
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Post by Norbert on May 5, 2023 20:27:30 GMT
To be fair, PAAIX has matched Wellesley's CAGR of 6.4% since inception; though unfortunately with considerably more volatility.
Given that PAAIX has a mandate to "go anywhere" (unlike Wellesley), that's not an impressive record.
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Post by steadyeddy on May 5, 2023 20:39:48 GMT
django, chang, Norbert, thanks for the responses. PAAIX is available with no minimum, NTF on E*Trade platform. If it can perform like Wellesley CAGR wise over a long stretch that may not be all that bad, right? It might add some diversification benefits you think?
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Post by Norbert on May 6, 2023 10:15:57 GMT
steadyeddy, PAAIX had some success at first, but it's underperformed since 2012. Arnott got almost everything wrong. IMHO, stay away. Look at the total return chart below. Portfolio 1: PAAIX Portfolio 2: VWINX Portfolio 3: 40% SCHD + 60% PIMIX (Click to enlarge) 
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Post by steadyeddy on May 6, 2023 13:52:42 GMT
steadyeddy , PAAIX had some success at first, but it's underperformed since 2012. Arnott got almost everything wrong. IMHO, stay away. Look at the total return chart below. Portfolio 1: PAAIX Portfolio 2: VWINX Portfolio 3: 40% SCHD + 60% PIMIX (Click to enlarge) View Attachment , A picture speaks thousand words. Thanks for taking the time to build it and post it. KISS principle always works I guess. |
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