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Post by paulr888 on Aug 7, 2021 3:12:51 GMT
A lot happened in the intervening years since Gundlach's forecast such as a pandemic and unprecedented Fed buying spree suppressing rates.
But let's not forget FD's past blunders without such magnitude of uncontrollable events. For example, he once suggested 3 bond OEFs that he said one could invest and go to sleep. And then something happened and all 3 lost double digits. Those who live in glass houses should not throw stones.
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Post by FD1000 on Aug 7, 2021 12:41:13 GMT
A lot happened in the intervening years since Gundlach's forecast such as a pandemic and unprecedented Fed buying spree suppressing rates. But let's not forget FD's past blunders without such magnitude of uncontrollable events. For example, he once suggested 3 bond OEFs that he said one could invest and go to sleep. And then something happened and all 3 lost double digits. Those who live in glass houses should not throw stones. Gundlach is a pro bond mutual fund managers. His job is to make money for his client and gets paid millions. This is a huge difference. The Fed has been active since 2009. All you had to do is listen to what the Fed chair. I did. Gundlach USED to be the king of bond until 2015. Since 2016 DBLTX, DBL biggest fund managed by him is doing poorly, see below. You meant to say that you actually invested in funds that had worse results than you expected, such BERIX instead VWINX(which I told you to buy). In March 2020 your CEFs were down more than SPY+QQQ and you posted that the loss is more than you anticipated...as I told you before for years. I have been posting for years that my bond ideas are for traders like me and to not invest this way if you are not a trader. I posted on 3 sites that I sold all my portfolio before the crash of March 2020, so why didn't you sell? I made money every week in March 2020, did you? Talk is cheap, but real results and risk-adjusted performance do matter. Attachments:
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Post by paulr888 on Aug 7, 2021 15:12:24 GMT
A lot happened in the intervening years since Gundlach's forecast such as a pandemic and unprecedented Fed buying spree suppressing rates. But let's not forget FD's past blunders without such magnitude of uncontrollable events. For example, he once suggested 3 bond OEFs that he said one could invest and go to sleep. And then something happened and all 3 lost double digits. Those who live in glass houses should not throw stones. Gundlach is a pro bond mutual fund managers. His job is to make money for his client and gets paid millions. This is a huge difference. The Fed has been active since 2009. All you had to do is listen to what the Fed chair. I did. Gundlach USED to be the king of bond until 2015. Since 2016 DBLTX, DBL biggest fund managed by him is doing poorly, see below. You meant to say that you actually invested in funds that had worse results than you expected, such BERIX instead VWINX(which I told you to buy). In March 2020 your CEFs were down more than SPY+QQQ and you posted that the loss is more than you anticipated...as I told you before for years. I have been posting for years that my bond ideas are for traders like me and to not invest this way if you are not a trader. I posted on 3 sites that I sold all my portfolio before the crash of March 2020, so why didn't you sell? I made money every week in March 2020, did you? Talk is cheap, but real results and risk-adjusted performance do matter. FD ... We all make mistakes and most of us admit them. You however never admit a mistake. You are always right and Johnny on the Spot being in and out at the right time. Always. Most of us here know that except for your minions. I am quite satisfied with all my DoubleLine funds. I do not need them to hit home runs for me. I have my equities to do that. I admit in past I liked BERIX and GLBRX. But we all change and evolve. I dropped them a few years ago. Now, my conservative allocation funds are: MACFX, VSCGX, PRSIX, VWINX, HBLVX, USBLX and FMSDX. I am happy with all of them. Yes my CEFs were down in Q1 2020. I don't need you to warn me. They are in my Bucket 2 so volatility doesn't matter. Every good bond CEF that I know seems to recover by the next year. What shocked me was that my Bucket 1 also took a surprising hit. But it was a Black Swan. Bond spreads blew out on even the IG stuff. Sure that got my attention. Finally, let me say, you are a real piece of work. Now I am putting you back on Ignore. Any energy spent rebutting you is wasted energy.
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Post by FD1000 on Aug 7, 2021 17:54:15 GMT
So now, you blame black swan for your actual portfolio performance, but somehow it doesn't transfer to generic funds I posted about and/or I already sold? pretty funny. I'm never satisfied with managed funds, when they don't perform, after all, these managers who make much more than the index, suppose to justify their pay. Over the years I have discussed with hundreds of investors in private about their portfolio and it's sad when many made up their own MUST HAVE, instead of using a simpler portfolio. Examples: I must be overly diversified, must have CEFs, must have buckets, must own plenty of stocks/funds/ETF, must generate a certain monthly %, must trade...just to find later their portfolio didn't have a better risk-adjusted performance or it lost more than they thought or their timing was off. A good investor anticipates her portfolio risk and exceeds it. It means she did her homework. I will continue to trash Gundlach, I think he lost his mojo years ago. His predictions about rates + several bond categories, stocks and other unique categories were off in the last several years and why I don't listen to him anymore. G ego is huge, he even made political predictions( link). On 10/2020 he said, stocks will crash( link)
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Post by Chahta on Aug 7, 2021 18:24:16 GMT
I think it is fair game to call out managers such as Gundlach. But to call each other out for stating an opinion and using personal attacks is not fair game. Please leave that at the door.
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Post by chang on Aug 7, 2021 19:47:56 GMT
Chahta nailed it. Criticizing public figures is fine, and that criticism can be debated. Keep the personal stuff to yourselves, please.
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Post by paulr888 on Aug 7, 2021 19:54:53 GMT
I think it is fair game to call out managers such as Gundlach. But to call each other out for stating an opinion and using personal attacks is not fair game. Please leave that at the door. Here's the deal Chahta. FD called out Gundlach's blunders and said "The king has lost his clothes". Seems personal attack to me. I defended Gundlach and also pointed out FD's past blunders. I also said "People who live in glass houses should not throw stones". I see nothing wrong with that up to that point. Then FD starts taunting me and he deserved what I responded.
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Post by anitya on Aug 7, 2021 20:28:39 GMT
I only read the last few posts in this thread. I would prefer more restrain than what Chahta and chang have suggested. 1. Please be mindful not to let strong personal biases seep into posting. 2. Ask yourself if you are cherry picking in replying / posting. 3. Before clicking the Post button, please re-read to make sure you are satisfied with your draft post / reply and whether it is balanced. 4. please provide as much context and detail as possible - I know it takes time and effort - if I am trying to be helpful (and not looking to derive the satisfaction of being right) what good is it if the recipient thinks I am offensive or unhelpful. 5. Know that nobody is immune from the occasional slip up - a pattern is not occasional. While I did not use the block / ignore button until recently, I love it - try it and you might like it too. The Ignore button has 4-5 sub choices and it can be selective block to total block. Check it out. I have noticed that for me the more I contemplate while drafting my post, the more balanced it is and a lot of my posts take at least 15-20 mins to draft. P.S.: There is a draft feature under Profile
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Post by Chahta on Aug 7, 2021 22:20:15 GMT
I think it is fair game to call out managers such as Gundlach. But to call each other out for stating an opinion and using personal attacks is not fair game. Please leave that at the door. Here's the deal Chahta. FD called out Gundlach's blunders and said "The king has lost his clothes". Seems personal attack to me. I defended Gundlach and also pointed out FD's past blunders. I also said "People who live in glass houses should not throw stones". I see nothing wrong with that up to that point. Then FD starts taunting me and he deserved what I responded. This all is only my perception. I’m not taking sides here. I appreciate EVERYONES posts. Gundlach is fair game as is any portfolio/fund manger or public figure. They do not participate in this forum. But once they do I suppose I would change my mind. I just don’t want to see this forum degenerate into bickering where admin. is forced to give timeouts. Let Ryan at M* do that. I probably should have kept quiet so I am done on this topic. Cheers.
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Post by FD1000 on Aug 7, 2021 22:40:32 GMT
Pretty easy to see who started with the personal attacks, just read this thread.
The OP asked about rate increase
FD: Don't do it with several reasons and one of them mentioned Gundlach. I never mentioned any poster
Paul888: let's not forget FD's past blunders without such magnitude of uncontrollable event
That was easy to prove.
================
Gundlach: I guess Paul loves him so much he has to resort to personal attack on Gundlach behalf.
I used to like Gundlach and actually owned DBLTX in its glory years, but DBLTX performance lost it superiority, as I already showed. It takes a really "special" fund manager to score lower than 90% in your category in 3 years out of 5 (in 2016, 2019, 2020). G is a great TV guest and presenter. He talks about everything beyond his scope of bonds. Why would he make predictions about stocks in EM+Asia+Europe, currencies, gold, real estate, and the next elected president is beyond me? I would ask him about China, Russia and USA relationship too.
G is involved with so many funds, see below. I don't know how much time he can really devote to real analysis and decision-making.
• DoubleLine Total Return Bond Fund Class I (since 4/6/2010) • Multimanager Core Bond IB (since 1/20/2015) • Wilshire Income Opportunities Fund Investment Class (since 3/30/2016) • 1290 DoubleLine Dynamic Allocation A (since 3/7/2016) • Destinations Low Duration Fixed Inc I (since 12/31/2017) • DoubleLine Core Fixed Income Fund Class I (since 6/1/2010) • DoubleLine Multi-Asset Growth Fund Class I (since 12/20/2010) • RiverNorth Doubleline Strategic Income Fund Class R (since 12/30/2010) • DoubleLine Colony Real Estate and Income Fund Class N (since 12/17/2018) • DoubleLine Low Duration Bond Fund Class R6 (since 7/31/2019) • DoubleLine Shiller Enhanced CAPE R6 (since 10/31/2013) • PartnerSelect Alternative Strategies Fund Institutional Class (since 9/30/2011)
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Post by rhythmmethod on Aug 7, 2021 23:13:26 GMT
🙅🏼🤦🏼♂️
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Post by Chahta on Aug 7, 2021 23:40:07 GMT
There I fixed it so I can see them...
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Post by rhythmmethod on Aug 8, 2021 0:01:59 GMT
There I fixed it so I can see them... Thanks, Chahta. Also to add, we have a great site here that chang put together as an alternative to more bickering forums. We all learn a lot here and have unique experiences to share. We're all here for the same reason...to make more $$. If a poster(s) gets on your nerves there is is magical ignore feature! Also, one may consider that the LAST word is not necessarily the BEST word. Feel free to leave some mystery...Peace.
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Post by chang on Aug 8, 2021 3:08:28 GMT
Moved these posts from mrc's thread to this new DoubleLine board. It's one thing if you want to bicker on your own thread, but this off-topic exchange was disrespectful to mrc . I don't want to delete content, so if you want to debate Gundlach (a completely valid discussion) please do it here. My additional advice: - If someone annoys you, use the "Block" feature.
- Personal sniping provides a momentary release of endorphins, but I guarantee no one else is interested, the distraction is not appreciated, and it erodes the sniper's credibility.
- If someone annoys you, use the "Block" feature.
- Go easy on the bragging. Bragging rights are occasionally warranted, but remember that as a general rule: (a) no one believes you, (b) if you can provide clear documentation of your brilliant moves, most people will just call it luck, (c) repeated bragging erodes a person's credibility even faster than sniping.
- See 1. and 3.
- A little respect goes a loo-o-o-ong way. Be like Euler, not like Gauss (for math people out there).
Edit: rhythmmethod I like those emojis; the girl on the left is actually kinda hot.
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Post by Norbert on Aug 8, 2021 7:36:45 GMT
paulr888 "FD ... We all make mistakes and most of us admit them. You however never admit a mistake. You are always right and Johnny on the Spot being in and out at the right time. Always. Most of us here know that except for your minions." Your statements are correct, but what's the point? The guy has an ego the size of a planet. And he posts here more now after being banned at AC for a month. That's unfortunate, as it degrades the forum. I'd rather see personal insults than BS, but it's not reasonable to ask Chang to control that. So, I used the "Ignore" feature months ago. I also post less, because I don't like seeing my threads go off topic. It's just not worth the aggravation. chang : Unlike the Desktop version, the Mobile version displays the names of posters being ignored on those posts.. Can that be changed? N.
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Post by chang on Aug 8, 2021 7:48:07 GMT
chang : Unlike the Desktop version, the Mobile version displays the names of posters being ignored on those posts.. Can that be changed? I'm afraid not. I have checked all the Settings options, including those which distinguish the Desktop from Mobile versions. I actually have those both set to be identical (i.e., nothing changed or disabled in the mobile version); therefore, any differences you see between the desktop and mobile versions are built-in PB characteristics, which I cannot alter. For example, when you make a numbered list on the desktop, e.g., 1. 2. 3. the number do not show up on the mobile version. So, anything which you see on the mobile version which doesn't look right would have to be a PB bug of some kind. I use the mobile version a lot, and find that it's not bad. Of course, it has a lot less functionality than the desktop version. I also find that it's possible to enable the "Ignore" function in one's brain, and just ignore/look past content that you know will not be of interest or value.
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Post by Norbert on Aug 8, 2021 7:57:03 GMT
Yes, it's definitely possible.
The problem is that some posters (like Yours Truly) feel less motivated to post thoughtful content when the site is compromised by a prolific, dishonest, self-promoting individual.
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Post by chang on Aug 8, 2021 8:13:12 GMT
Norbert you should not think that. Every reader here has their preferences. There are some people whose contributions never resonate with me, so I just blur them out. I am sure many readers (myself included) will see your posts and choose to read them. I think you are incorrect to assume that someone else's posts (however prolific) "dilute" the site.
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Post by Norbert on Aug 8, 2021 11:28:57 GMT
Nevertheless, after thinking about it, that's what I do think.
You have stated that certain specific posters from AC would not be tolerated on your site. That's fine. We just draw the line in different places. Think Albie. But, it's your site. Draw the line anywhere you want.
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Post by Chahta on Aug 8, 2021 12:00:37 GMT
WOW! I just realized rhythmmethod now outranks me and is a moderator. Aye aye sir. Mr Admin....is it possible to bust him down to his lower rank but keep him as a mod?
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Post by chang on Aug 8, 2021 13:33:26 GMT
Nevertheless, after thinking about it, that's what I do think.
You have stated that certain specific posters from AC would not be tolerated on your site. That's fine. We just draw the line in different places. Think Albie. But, it's your site. Draw the line anywhere you want.
Fair point, there is a line. Yes, there are some people who are not welcome -- but they wouldn't join here anyway. And they haven't. Some people annoy some people, c'est la vie. Some folks here annoy me (and I am not referring to FD) but others find their input valuable. I'm happy about that ... that's why I took the effort to put the site together. And the fact is, sometimes I learn something useful even from people who I don't expect to. Sure, I find some people aggravating and exasperating. But I prefer to be as sparing as possible with censorship. In the past, you have articulated, perhaps more trenchantly than anyone, the pitfalls of censoring free expression. Regarding your point about derailing threads, I am very attuned to that. That is why the solution I have opted for, more than once, is to move seriously off-topic posts to a new thread. If you start a thread, you have a right to expect that it won't be hijacked. So I ask you to re-think this. And if we're not perfect here, is somewhere else better? And speaking of off-topic posts, I might have to move these ones that we're writing now.
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Post by chang on Aug 8, 2021 13:35:10 GMT
WOW! I just realized rhythmmethod now outranks me and is a moderator. Aye aye sir. Mr Admin....is it possible to bust him down to his lower rank but keep him as a mod? I'm afraid not, moderator status (congrats to rhythmmethod !) confers instant Admiralhood. But hey, you are almost there.... (And, by the way, there are ranks that go on above Admiral, that eventually you (and YBB and others) will reach, while RM remains a lowly Admiral.)
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Post by anitya on Aug 8, 2021 13:36:08 GMT
I'd rather see personal insults than BS, but it's not reasonable to ask Chang to control that. So, I used the "Ignore" feature months ago. I also post less, because I don't like seeing my threads go off topic. It's just not worth the aggravation.N. Bolding is mine because it seems not to have caught any interest. I would not treat Norbert’s sentiment as isolated. We occasionally wonder why certain other members do not post here. Obviously, we have not made them feel welcome to share their time and energy here. Let us improve on that before we lose other Norberts. P.S.: I think respectful disagreements can be productive but I am not sure about usefulness of personal insults. ( I understood Norbert’s context.) Personal insults are just a harder attempt at BS.
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Post by Norbert on Aug 8, 2021 13:43:03 GMT
Once upon a time Norbert was one of my favorite posters at M*. He had some of the wittiest posts at the time and to be honest I liked his political views. Not sure what happened. I'm not sure either. Possibilities:
- I've changed.
- You've changed.
- Nobody changed. I'm simply being vocal about a certain issue.
- Nothing happened. AC banned the guy for a month after many complaints; so I'm obviously not alone on this.
- Have been too busy to post very often; and then only using my phone.
- I'm in a bad mood because of Covid travel restrictions. Haven't seen my daughter since 2019! Damn Australians!
- I'm in a bad mood because Biden is now my president. The Taliban are retaking Afghanistan, he's resurrected Obama's horrible Iran deal, illegal immigration is rampant, etc.
- You were wrong to consider me a favorite poster at M*.
- ?
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Post by anitya on Aug 8, 2021 13:59:35 GMT
I do not know the limitations of PB but is it possible to give moderator status for specific threads so that whoever starts a thread can be its moderator?
If such moderator kicks me out of his thread because he wants only his clique and the members of his click tolerate his behavior, that is fine cause I would not want to deal with them anyway.
P.S.: hopefully, this is my last post on the current topic.
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Post by Chahta on Aug 8, 2021 14:04:56 GMT
Once upon a time Norbert was one of my favorite posters at M*. He had some of the wittiest posts at the time and to be honest I liked his political views. Not sure what happened. I'm not sure either. Possibilities:
- I've changed.
- You've changed.
- Nobody changed. I'm simply being vocal about a certain issue.
- Nothing happened. AC banned the guy for a month after many complaints; so I'm obviously not alone on this.
- Have been too busy to post very often; and then only using my phone.
- I'm in a bad mood because of Covid travel restrictions. Haven't seen my daughter since 2019! Damn Australians!
- I'm in a bad mood because Biden is now my president. The Taliban are retaking Afghanistan, he's resurrected Obama's horrible Iran deal, illegal immigration is rampant, etc.
- You were wrong to consider me a favorite poster at M*.
- ?
You nailed it. You’re back.
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Post by rhythmmethod on Aug 8, 2021 14:07:14 GMT
Hey Guys, We all have a pretty decent collective history of sharing of experiences and expertise (well, everyone but me in that regard) to help ourselves AND others to make more $$. Let's make an attempt to overlook personal issues (real or imagined) to help us keep our eyes on the the prize/ (size of our investment results). I've learned a lot form each and everyone of you. Thanks for your valuable contributions. Remember the ignore button can be everyones friend. Stay well.
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Post by chang on Aug 8, 2021 14:12:26 GMT
I do not know the limitations of PB but is it possible to give moderator status for specific threads so that whoever starts a thread can be its moderator? No, there isn't. Moderators can be created for individual Boards, or site-wise. But not for threads.
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Post by paulr888 on Aug 8, 2021 14:27:11 GMT
Yes, it's definitely possible. The problem is that some posters (like Yours Truly) feel less motivated to post thoughtful content when the site is compromised by a prolific, dishonest, self-promoting individual. Norbert ... I agree with you 100%. But further, the fact that this thread has singled out Jeffrey Gundlach annoys me immensely. As I have said before DoubleLine is my key source of education via numerous podcasts, webcasts, roundtables about investing and about their individual funds. In fact, I have asked many questions during the fund webcasts and DoubleLine has always answered me. I am known as Paul from San Jose during the Q&A. Given the hostile environment I am in here with respect to a key individual that I support and has helped me immensely in educating me about bonds, stocks and commodities and constructing my portfolio I have decided to never post another helpful tip from him or his firm in this forum. Btw, when I open the site I often don't log in right away and I can still see the Ignored people posts.
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Post by Norbert on Aug 8, 2021 14:47:12 GMT
chang"I refuse to join any club that would have me as a member." (Groucho Marx)
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