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Post by chang on May 26, 2021 6:56:06 GMT
Looking to gauge general sentiment toward SC/MC versus LC from a valuation standpoint. I'm still thinking about GMO's extremely negative forecast for SC ( link). While I don't consider GMO to be one of the better prognosticators, I don't think their valuation assessments are completely worthless. I have a small amount of an "Extended Market" index (VEXAX). I actually held a MC index last year, made nice money with it during 2020, but sold it at the start of one of the heavier downdrafts. After the dip ended, I decided to replace it with VEXAX for better diversification, but I didn't end up buying that much. It stands at ~1% of equity for me. I haven't maxed out my VHCAX purchase for the year, but I don't really want to overtly increase my equity exposure. HENCE I am toying with the idea of liquidating VEXAX, and moving the proceeds into VHCAX and other places. Considering the amounts/percentages, these would not be major moves. BUT I would nonetheless be interested in others' approach to SC/MC now. For example, if someone thinks Grantham is completely bonkers and SC is about to explode, that would be interesting to hear. TIA. |
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Post by acksurf on May 26, 2021 11:37:29 GMT
I am in pretty much the same place. I have Vanguard's etf version of the extended market fund. It's not a large position but I probably won't do anything - buy or sell - in the short term. I have a lot of other "tinkering" to do before I do anything with this. The only dedicated small cap fund I have is the Fidelity Small Cap Int'l fund.
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Post by Chahta on May 26, 2021 11:41:50 GMT
I like MC and am ambivalent towards SC. I like QQQJ for MC. For my "total market" core holding I have SCHX (no SC), which has generally done slightly better than SCHB, which is a true total market with some SC. Last 9 months was good for SC but it's starting to underperform. I'll keep an eye on SC for future.
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Post by Deleted on May 26, 2021 14:25:00 GMT
I had bought ARTSX - Artisan Small cap growth. And it is down -8.5% YTD. I know 6 months is a small time frame but felt too volatile for me.
Small cap value on other hand has done really well YTD.
I am also unsure if small cap has a place or should have a place in my portfolio.
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Post by rhythmmethod on May 26, 2021 14:37:02 GMT
Looking to gauge general sentiment toward SC/MC versus LC from a valuation standpoint. I'm still thinking about GMO's extremely negative forecast for SC ( link). While I don't consider GMO to be one of the better prognosticators, I don't think their valuation assessments are completely worthless. I have a small amount of an "Extended Market" index (VEXAX). I actually held a MC index last year, made nice money with it during 2020, but sold it at the start of one of the heavier downdrafts. After the dip ended, I decided to replace it with VEXAX for better diversification, but I didn't end up buying that much. It stands at ~1% of equity for me. I haven't maxed out my VHCAX purchase for the year, but I don't really want to overtly increase my equity exposure. HENCE I am toying with the idea of liquidating VEXAX, and moving the proceeds into VHCAX and other places. Considering the amounts/percentages, these would not be major moves. BUT I would nonetheless be interested in others' approach to SC/MC now. For example, if someone thinks Grantham is completely bonkers and SC is about to explode, that would be interesting to hear. TIA. My 2 pennies, probably one cent overpriced. Whatever is doing poor will do better in the future. I choose to have my small/mid cap actively managed as opposed to indexed. As previously mentioned small mid value has done well YTD. Small growth, not so much. ARTSX had a great year last year but is down this year. I've been slowly BTD. I prefer not to have a specialized HC fund so I intend to add to POAGX soon as it is 30% HC. The only S/M specific funds I own are POAGX, ARTSX, FISMX. I'm getting other exposure via FSMDX (one of my new favs), FLPSX (more of a global multi-cap) SCHD (which has some MCV). Edit to add - Looks like US Small Cap up 90% this AM. |
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Post by johntaylor on May 26, 2021 17:21:47 GMT
Have a small-mid fund up 38% 2019 and 68% 2020, but down almost 6% this yr
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Post by helmut on May 26, 2021 23:28:10 GMT
I like MC and am ambivalent towards SC. I like QQQJ for MC. For my "total market" core holding I have SCHX (no SC), which has generally done slightly better than SCHB, which is a true total market with some SC. Last 9 months was good for SC but it's starting to underperform. I'll keep an eye on SC for future. I have to agree, I'm not a SC guy. Last summer when I was climbing back into the market I found RPV the best bargain around. While it is the pure value of the S&P 500 with very little if any blend, it is really a MCV fund. I took some heat because it holds about 43% financials but I compensate with QQQ that holds no financials. It has done well for me since last summer. helmut |
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Post by chang on May 27, 2021 0:14:35 GMT
Edit to add - Looks like US Small Cap up 90% this AM. I'm not sure what you mean by 90%, but VEXAX was my best performer on the day. Just after I called it into question. There are times when I am convinced that the stock market is controlled by aliens who are just trying to mess with me. |
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Post by rhythmmethod on May 27, 2021 0:27:01 GMT
Edit to add - Looks like US Small Cap up 90% this AM. I'm not sure what you mean by 90%, but VEXAX was my best performer on the day. Just after I called it into question. There are times when I am convinced that the stock market is controlled by aliens who are just trying to mess with me. Trigger finger...meant .90%, oops. But it was a little higher than that. I've been accused of being from outer space but my and Sun Ra's secret. I was saying that just when something seems to under perform that it's cue to catch up...sometime. |
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Post by anovice on May 27, 2021 9:05:21 GMT
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Post by misterbone on May 27, 2021 11:14:45 GMT
I'm not sure what you mean by 90%, but VEXAX was my best performer on the day. Just after I called it into question. There are times when I am convinced that the stock market is controlled by aliens who are just trying to mess with me. Trigger finger...meant .90%, oops. But it was a little higher than that. I've been accused of being from outer space but my and Sun Ra's secret. I was saying that just when something seems to under perform that it's cue to catch up...sometime. Longtime lurker here, but I had to reply to your Sun Ra comment. The Arkestra is performing - tonight! - in Philly. A celebration of Marshall Allen's 97th birthday. www.arsnovaworkshop.org/ |
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Post by acksurf on May 27, 2021 13:55:22 GMT
As noted in the buy/sell thread, I changed my mind and sold a chunk of the VXF. It had a nice run-up but is underperforming. Small caps aren't something that I feel I need to always have in my portfolio. If the tides change I'll move back in but for now will work it down.
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Post by rhythmmethod on May 27, 2021 14:03:38 GMT
Trigger finger...meant .90%, oops. But it was a little higher than that. I've been accused of being from outer space but my and Sun Ra's secret. I was saying that just when something seems to under perform that it's cue to catch up...sometime. Longtime lurker here, but I had to reply to your Sun Ra comment. The Arkestra is performing - tonight! - in Philly. A celebration of Marshall Allen's 97th birthday. www.arsnovaworkshop.org/ Yep. They were just in the D.C. area Sunday. Sadly I missed them. Glad to have another music buff on the site!! Do you play the sliding thing? |
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Post by misterbone on May 28, 2021 16:20:46 GMT
I do play the sliding thing, although not very much anymore. I've promised myself that when I retire I'll work on getting the chops back in shape.
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