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Post by racqueteer on Aug 8, 2021 14:49:52 GMT
In my opinion, there are two things which are problematic for conversations generally:
1. Conversations which are all about oneself (I did this; I did that). 2. Conversations which focus on someone else (He did/does that).
If your post involves one or the other of these, it might be wise to reconsider posting. Issues; not people.
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Post by yogibearbull on Aug 8, 2021 14:59:04 GMT
paulr888 : Btw, when I open the site I often don't log in right away and I can still see the Ignored people posts.Your site settings are active only when you are logged on. As I understand, this site has open read-access but posting is by members. But in logged off mode, your personalized settings won't apply (site colors, ignores, etc).
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Post by rhythmmethod on Aug 8, 2021 15:02:26 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.) I am well aware that my promotion is due to cumshaw but will do my utmost to provide evenhanded and fair attention to all, even the ones on my "ignore" list. Stay well!
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Post by yogibearbull on Aug 8, 2021 15:53:18 GMT
rhythmmethod , as a referee/moderator, you may not have the luxury of keeping some players on Ignore .
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Post by rhythmmethod on Aug 8, 2021 16:38:15 GMT
rhythmmethod , as a referee/moderator, you may not have the luxury of keeping some players on Ignore . Kidding sailor. Now give me 20 😅
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Post by paulr888 on Aug 8, 2021 19:01:09 GMT
Wrt DBLTX, performance in Category doesn't mean jack to me. My bond funds are not all measured by their offense. I use DBLTX as a low volatility, risk adjusted fixed income (risk as I see it) and a fund diversifier to other bond funds I own. For example, it avoids corporate bonds, IG credit, junk bonds, bank loans. When these asset classes are humming DBLTX will lag. But I pick up the hum in other funds. Maybe I pair with DFLEX and DBLIX as a complement. I do not only own 3 bond funds. I own 9. My defensive funds include DBLTX, GIBLX, ANBEX and PTTRX and they performed better in Q1 2020 than my other funds.
Not such defensive fund would be IOFIX or NHMAX. I am not ignoring Q1 2020 performance. I used it to re-design and de-risk my portfolio. It was a learning experience for me.
Btw, Gundlach does consume his own cooking. If you listen to his webcasts, his second highest investment is in DBLTX and it is well into 8 digits.
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Post by chang on Aug 8, 2021 22:33:36 GMT
But further, the fact that this thread has singled out Jeffrey Gundlach annoys me immensely. That's my fault, I'm afraid. But do you not agree that the opening posts of this thread were disruptful and disrespectful to mrc's thread? So I had to move them. Apologies if the thread title is a bit too cute, but there appears to be no risk that this thread will get back to debating Gundlach. You are not in a hostile environment. I will continue to move disruptive posts, and at a certain point I (or my esteemed deputy) will pursue other corrective measures. With respect, your post (which leads this thread off) started the trouble. I know that in a subsequent post you stated that you were attacked first, but I'm not seeing it. And you shouldn't be seeing it if you use the Block feature. (And stay logged in!) You are welcome to post and discuss DL analysis and your take on it. Personally, I would find that useful. Maybe this new Board will help to focus some DL-oriented content (unless it fits better in "Market Insights"). Time for tempers to subside now, reinstate "blocks" and "ignores" as needed, and focus on investing. Or is the market situation out there so obvious and simple to navigate that we don't need to pay any attention? Just buy GameStop, Tesla, Robinhood, top it off with silver miners and forget about it? I'm not seeing it ... and neither are you guys, I think.
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Post by paulr888 on Aug 8, 2021 22:51:06 GMT
Chang, with equal respect let's agree to disagree on the root cause of the problem. Initially FD went beyond just his view of DoubleLine fund performance, he said "The King has no clothes". A clear personal attack and what I think we are trying to avoid in the forum. A personal attack is a personal attack, whether it is levied on a PM or a member of this forum. But Hakuna Matata sir, we have bigger fish to fry in our quest to invest and make money.
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Post by chang on Aug 8, 2021 22:59:41 GMT
Chang, with equal respect let's agree to disagree on the root cause of the problem. Initially FD went beyond just his view of DoubleLine fund performance, he said "The King has no clothes". A clear personal attack and what I think we are trying to avoid in the forum. A personal attack is a personal attack, whether it is levied on a PM or a member of this forum. But Hakuna Matata sir, we have bigger fish to fry in our quest to invest and make money. My last 2c: First, I think we have to expect and, to a point, allow criticism -- even harsh criticism -- of public figures. Parody and ridicule of public figures and celebrities is an American tradition.* As much as I'd like this place to be our little "coffeehouse", it is still the internet. Second, if a public figure is attacked by someone here, I don't think that someone else here attacking the attacker is going to help anything. I second your Hakuna Matata, let's get on with business! *Edit: I recall that many M* members roasted Bill Gross pretty seriously after his split with Pimco. I might have taken the occasional pot-shot at Dr. John P. Hussmann, Ph.D., MS.Ed. Even the esteemed D&C Team has taken some heavy flack from time to time. So....
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Post by rhythmmethod on Aug 9, 2021 0:00:17 GMT
But further, the fact that this thread has singled out Jeffrey Gundlach annoys me immensely. You are not in a hostile environment. I will continue to move disruptive posts, and at a certain point I (or my esteemed deputy) will pursue other corrective measures. Just so you know I'm getting ready, as you can see here. Don't make me ask chang for my bullet.
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Post by liftlock on Aug 9, 2021 0:49:05 GMT
Rhythemmethod, I am going to start paying more attention to your links. lol
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Post by anitya on Aug 9, 2021 1:30:22 GMT
Wrt DBLTX, performance in Category doesn't mean jack to me. My bond funds are not all measured by their offense. I use DBLTX as a low volatility, risk adjusted fixed income (risk as I see it) and a fund diversifier to other bond funds I own. For example, it avoids corporate bonds, IG credit, junk bonds, bank loans. When these asset classes are humming DBLTX will lag. But I pick up the hum in other funds. Maybe I pair with DFLEX and DBLIX as a complement. I do not only own 3 bond funds. I own 9. My defensive funds include DBLTX, GIBLX, ANBEX and PTTRX and they performed better in Q1 2020 than my other funds. Not such defensive fund would be IOFIX or NHMAX. I am not ignoring Q1 2020 performance. I used it to re-design and de-risk my portfolio. It was a learning experience for me. Btw, Gundlach does consume his own cooking. If you listen to his webcasts, his second highest investment is in DBLTX and it is well into 8 digits. Bold is mine. Take a look at "Current Quality Credit Distribution %" and "Sector Breakdown %" on page two of fact sheet which I confirmed with info under the Statistics and Holdings tab of the fund site. doublelinefunds.com/wp-content/uploads/total-return-bond-fund-fact-sheet.pdfI currently do not own DBLTX but may own it again in the future.
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Post by fred495 on Aug 9, 2021 2:06:50 GMT
chang said: "My last 2c: First, I think we have to expect and, to a point, allow criticism -- even harsh criticism -- of public figures. Parody and ridicule of public figures and celebrities is an American tradition. [...] Second, if a public figure is attacked by someone here, I don't think that someone else here attacking the attacker is going to help anything."
Well said, chang.
Ad hominem attacks against members/posters of BB should be off limits, it significantly degrades the purpose and usefulness of this investment forum. Attacking public figures is, as you said, "an American tradition", and more tolerable, but also not particularly helpful to anyone trying to make money by visiting this forum.
Instead of attacking someone's character, attack his or her argument.
And, good luck to the new Admiral/Moderator.
Fred
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Post by paulr888 on Aug 9, 2021 2:31:04 GMT
Wrt DBLTX, performance in Category doesn't mean jack to me. My bond funds are not all measured by their offense. I use DBLTX as a low volatility, risk adjusted fixed income (risk as I see it) and a fund diversifier to other bond funds I own. For example, it avoids corporate bonds, IG credit, junk bonds, bank loans. When these asset classes are humming DBLTX will lag. But I pick up the hum in other funds. Maybe I pair with DFLEX and DBLIX as a complement. I do not only own 3 bond funds. I own 9. My defensive funds include DBLTX, GIBLX, ANBEX and PTTRX and they performed better in Q1 2020 than my other funds. Not such defensive fund would be IOFIX or NHMAX. I am not ignoring Q1 2020 performance. I used it to re-design and de-risk my portfolio. It was a learning experience for me. Btw, Gundlach does consume his own cooking. If you listen to his webcasts, his second highest investment is in DBLTX and it is well into 8 digits. Bold is mine. Take a look at "Current Quality Credit Distribution %" and "Sector Breakdown %" on page two of fact sheet which I confirmed with info under the Statistics and Holdings tab of the fund site. doublelinefunds.com/wp-content/uploads/total-return-bond-fund-fact-sheet.pdfI currently do not own DBLTX but may own it again in the future. It does things a little differently which is why I use it as a bond diversifier to my other bond OEFs. It runs a barbell strategy with 50%+ in Agency/Gov't guaranteed and balance in Structured Products securitized credit. Gundlach started strategy over 30 years ago with tweaks over time. It has the goal of lower interest rate risk (via lower duration) with higher yield (via Structured Producsts) than the Agg.
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Post by anitya on Aug 9, 2021 6:09:15 GMT
Wrt DBLTX, performance in Category doesn't mean jack to me. My bond funds are not all measured by their offense. I use DBLTX as a low volatility, risk adjusted fixed income (risk as I see it) and a fund diversifier to other bond funds I own. For example, it avoids corporate bonds, IG credit, junk bonds, bank loans. When these asset classes are humming DBLTX will lag. But I pick up the hum in other funds. Maybe I pair with DFLEX and DBLIX as a complement. I do not only own 3 bond funds. I own 9. My defensive funds include DBLTX, GIBLX, ANBEX and PTTRX and they performed better in Q1 2020 than my other funds. Not such defensive fund would be IOFIX or NHMAX. I am not ignoring Q1 2020 performance. I used it to re-design and de-risk my portfolio. It was a learning experience for me. Btw, Gundlach does consume his own cooking. If you listen to his webcasts, his second highest investment is in DBLTX and it is well into 8 digits. Bold is mine. Take a look at "Current Quality Credit Distribution %" and "Sector Breakdown %" on page two of fact sheet which I confirmed with info under the Statistics and Holdings tab of the fund site. doublelinefunds.com/wp-content/uploads/total-return-bond-fund-fact-sheet.pdfI currently do not own DBLTX but may own it again in the future. Credit Distribution % says, it has investment grade of 18.72%, below investment (junk) grade of 9.26%, and unrated of 15.35% of portfolio. Sector breakdown shows 3% in collateralized loan obligations and it has Asset Backed of 5.01%. The underlyings of Asset Backed can encompass very broad categories, including car rental companies' bonds, student loans, car loans, etc. You say it does not have corporate bonds, which is probably true because I remember Gundlach emphasizing that corporates are held in DBLFX but not in DBLTX. So, DBLTX has at least three of the four items you say it avoids. Not that I have any problem with what it does or does not have - I am just sharing information from the fund website some of which seem to contradict your statement. I know these funds very well as I had discussions with Gundlach (and Sherman) and so your statement seemed odd. That is all.
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Post by paulr888 on Aug 9, 2021 11:40:07 GMT
Credit Distribution % says, it has investment grade of 18.72%, below investment (junk) grade of 9.26%, and unrated of 15.35% of portfolio. Sector breakdown shows 3% in collateralized loan obligations and it has Asset Backed of 5.01%. The underlyings of Asset Backed can encompass very broad categories, including car rental companies' bonds, student loans, car loans, etc. You say it does not have corporate bonds, which is probably true because I remember Gundlach emphasizing that corporates are held in DBLFX but not in DBLTX. So, DBLTX has at least three of the four items you say it avoids. Not that I have any problem with what it does or does not have - I am just sharing information from the fund website some of which seem to contradict your statement. I know these funds very well as I had discussions with Gundlach (and Sherman) and so your statement seemed odd. That is all. Anitya ... I am citing what Gundlach has been consistently saying for years. If you look at what is in DBLFX the Core FI fund you will see a listing of IG Corporates, HY Corporates and Bank Loans. You will not see such listings in DBLTX. CLOs, ABS and NA RMBS and CMBS are Structured Products securitized credit and fair game for DBLTX strategy. DBLTX is really all securitized assets fund. The stats you cited should be interpreted in the context I am citing.
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Post by FD1000 on Aug 9, 2021 20:21:48 GMT
Gundlach King or Crank? Neither. For whatever reason, his bond funds are not at the top. Suppose a typical investor contact me and wants to invest in a core-plus fund. I would offer DODIX. It had a much better risk/reward than DBLTX(ranks 94.87) ,DBLFX(ranks 86,75) for 3-5 years ( link). Gundlach is the main manager for both. I didn't come up with DODIX based on recent performance, I like this fund for years(it's not a secret I don't like any other D&C fund) What DBL funds I like? DBLEX(EM) managed by Padilla with good risk/reward. DBLSX(great Short term duration)=Gaundlach is one of the managers but the fund has over 30% international bonds per M*. I guess Padilla adds a lot. DBLIX= Gundlach isn't the manager. A new fund aimed at specialized MBS/securitized, similar to old PIMIX. A typical younger investor doesn't need the above funds. Retirees can use DBLSX, most don't need the other 2. A typical investor doesn't need to own 5+ bond funds. 5 funds is already on the upside, and diversification doesn't increase performance or lower volatility. If someone is mostly buy and hold then go with good, reliable funds. There is no need to pair funds, each fund should stands on its own. DBL would not be my preferred shop (typical or not typical). ==================== Gunlach investment in DBLTX doesn't impress me. It is his goals not mine, after all, his net worth is estimated at 2+ billion.Gundlach made "great' predictions in the last several months1) In 10/27/2020 ( link): 3 Reasons Gundlach Is Bearish on U.S. Stocks. SP500 made 32% ( link) since that date. 2) In 1/12/2021 ( link): Gundlach bullish on Asian emerging market stocks. SP500 vs EEMA ( link) shows that SP500 made 23% more. These were pretty bad predictions.==================== But wait, if you mention Hussman, Arnott, GMO predictions I will trash them too. This has nothing to do with what you own, it's just my opinion. You should do your own due diligence and invest accordingly. All these investment sites are a good entertainment, with no obligation and FREE opinions.
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Post by paulr888 on Aug 9, 2021 21:34:36 GMT
My suggestion is rather than trying on bond shoes to see which ones make you run faster, step back and decide what you want your entire bond wardrobe to look like. And then run into a rain storm and decide if you need to make any changes.
I use DBLTX. Admittedly it has lagged. But DoubleLine has always suggested a pairing with DFLEX. Recently Gundlach has suggested DBLIX which can get you more yield with Structured Products that are good value as they recover from their drop.
I like PIPNX (PIMIX if you can get it). (Pimco advises pairing with PTTRX) I was not happy with its performance during Q1 2020, so pared back a little and added TSIIX.
Also bruised from Q1 2020, I added some GIBLX and ANBEX. (Thanks to FD. I was not aware how they were performing) ANBEX had some long bonds that helped. I believe GIBLX did also.
I also use a little DBLFX and PTTNX (PTTRX if you can get it).
Then you have to decide your asset allocation, your confidence level, where you place your heavier weightings. I use more DBLTX, DFLEX and PIPNX.
Finally is what to do with short term money. My Fidelity Core and MM yields nada. So where is next tier I put money. I use equal amounts of DBLSX, FJRLX and GILPX and this is where I draw my monthly income.
The above is just me. Everybody is going to be different like individual thumb prints.
Good luck.
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Post by paulr888 on Aug 10, 2021 4:40:34 GMT
You are not in a hostile environment. I will continue to move disruptive posts, and at a certain point I (or my esteemed deputy) will pursue other corrective measures. Just so you know I'm getting ready, as you can see here. Don't make me ask chang for my bullet. LOL RM. Also I see you getting ready by this ... www.youtube.com/watch?v=OSyueBoC9mE
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Post by Norbert on Aug 10, 2021 8:53:58 GMT
paulr888 "My suggestion is rather than trying on bond shoes to see which ones make you run faster, step back and decide what you want your entire bond wardrobe to look like. And then run into a rain storm and decide if you need to make any changes." Looking at the last decade, I'm comparing 50:50 stock/bond portfolios. All three portfolios use VTSMX for equity exposure. Portfolio 1 uses PIMIX, port 2 uses DBLTX, and port 3 uses VBMFX for bond exposure.
Click below to enlarge: We can see that the riskier the bond fund, the higher the returns and volatility have been. That's normal. Interestingly, the Sharpe and Sortino ratios are about equal for all three portfolios. The issue now is that bond yields are ultra low, raising questions about "safe bonds". So, traditional asset allocation rules may not apply. We're forced to take higher risks regardless of the path we choose:
- Using cash in lieu of bonds risks inflation exposure
- Using T-bonds risks rising rate exposure
- Shifting to floating-rate bonds risks a falling rate scenario and credit risks
- Counting on a clever bond manager to manage the bond exposure carries management risk (he may have been lucky in the past, not smart)
- Increasing stock exposure (say, to low-beta or low-vol stocks?) still risks a decline in multiples or some other change of investor sentiment
- Relying on higher-yield or leveraged bond funds / CEFs risks default or credit issues.
So, no easy answers. We've got to figure this thing out. Diversify bond funds, as you are evidently doing?
But, what matters most is the total portfolio, not the individual pieces.
N.
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Post by Norbert on Aug 10, 2021 9:36:34 GMT
fred495 , "Ad hominem attacks against members/posters of BB should be off limits, it significantly degrades the purpose and usefulness of this investment forum. Attacking public figures is, as you said, "an American tradition", and more tolerable, but also not particularly helpful to anyone trying to make money by visiting this forum." Sure, avoid ad hom attacks. But, criticizing forum behavior is a different matter. I don't care if you're Mother Theresa. Endless and frequent bragging, posturing, off topic posts, not reading others' posts carefully, combined with a lack of candor ... these things will damage the forum and motivate serious contributors to go elsewhere. It's embarrassing.
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Post by racqueteer on Aug 10, 2021 12:03:20 GMT
fred495 , "Ad hominem attacks against members/posters of BB should be off limits, it significantly degrades the purpose and usefulness of this investment forum. Attacking public figures is, as you said, "an American tradition", and more tolerable, but also not particularly helpful to anyone trying to make money by visiting this forum." Sure, avoid ad hom attacks. But, criticizing forum behavior is a different matter. I don't care if you're Mother Theresa. Endless and frequent bragging, posturing, off topic posts, not reading others' posts carefully, combined with a lack of candor ... these things will damage the forum and motivate serious contributors to go elsewhere. It's embarrassing.
But what's the endgame? It's not as if YOUR commentary is going to actually change anything, so where's the gain? Otoh, it IMMEDIATELY leads to sidetracking the thread and making it all about the dislike of an individual's behavior rather than the topic. Further, it intrudes on the moderator's role here sans an invite to perform that action. @chang is doing a fine job of keeping things under control here; a lot of that happening out of the view of posters (as it SHOULD be, imo). So I see a couple downsides and no upside.
If you're that motivated to "call out" an individual on his or her actions; rather than on the details of their post(s), why not do it in a private message? Just so others will see your words? Because they can't be trusted to form their own opinions? As I said, if one's post boils down to "I don't like what this guy/girl is doing", then your post is about an individual and not about a topic. No good comes from that, IMLE.
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Post by Norbert on Aug 10, 2021 13:08:55 GMT
racqueteer , I don't know where to begin, but here goes ... 1) My commentary may or may not change things. You don't know. 2) You don't seem to react to persons who sidetrack threads, but you do react to my complaint about persons who sidetrack threads? Hmmmm ... 3) If Chang asks me to stop posting, I will do so immediately and permanently. 4) Why are YOU motivated to "call me out" instead of discussing the detail of my post? 5) I have had several discussions by private message, but you're not aware of that. Why do you assume I didn't? 6) Why didn't YOU send me a private message? Just so others can see your words? 7) No, complaining about behavior is NOT the same thing as posting about an individual. In this case, I happen to like the individual! I share his politics and valued his guidance during my first visit to his country. We've never met in person, yet. We occasionally exchange emails. We're not really friends, but friends do sometimes criticize friends. Friends tell each other what they think. 8) You don't have any idea whether any good will come from my complaints. Maybe yes, maybe no.
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Post by FD1000 on Aug 10, 2021 13:39:10 GMT
Looking back 10 years is too long IMO. * 2011-2018 were great years for bonds, especially PIMIX but its superiority is gone since early 2018. * DBLTX was great until 2016 but below average in the last 3-5 years. * We had a black swan in March 2020 which gives higher-rated bond funds an advantage when you look at 3 year performance. * Most bond funds that did well during March 2020 have done poorly YTD. YTD ( chart) shows performance from negative to 2% for PIMIX (which is still below average). Several HY Munis made over 6% (and even over 8%). Actually these HY Munis had better performance for 1 and 3 years too and you don't pay Fed tax. I have been mentioning HY Munis for over several years and especially YTD instead of higher-rated bonds. * There are no easy buy and hold solutions starting in 2021 If you have high % in stocks (maybe 70+%) the solution is easier. But if you want to make more in bonds, you may want to use HY Munis + multi sector funds and trading. I still find opportunities, they are all discussed in private. BTW, in the last several days the 10 year treasury signals are not encouraging for higher-rated bonds. Price broke above 200 MA and MACD was in a minus and now is positive for several days. As usual, predicting rates is pretty difficult. =========== Norbert, instead of complaining, stay on topic as you continue to post personal stuff. I know you are obsessed with me, I thought it's Scarlett Johansson Attachments:
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bf22
Commander
Posts: 135
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Post by bf22 on Aug 10, 2021 16:11:19 GMT
paulr888 "My suggestion is rather than trying on bond shoes to see which ones make you run faster, step back and decide what you want your entire bond wardrobe to look like. And then run into a rain storm and decide if you need to make any changes." Looking at the last decade, I'm comparing 50:50 stock/bond portfolios. All three portfolios use VTSMX for equity exposure. Portfolio 1 uses PIMIX, port 2 uses DBLTX, and port 3 uses VBMFX for bond exposure.
Click below to enlarge: View AttachmentWe can see that the riskier the bond fund, the higher the returns and volatility have been. That's normal. Interestingly, the Sharpe and Sortino ratios are about equal for all three portfolios. The issue now is that bond yields are ultra low, raising questions about "safe bonds". So, traditional asset allocation rules may not apply. We're forced to take higher risks regardless of the path we choose:
- Using cash in lieu of bonds risks inflation exposure
- Using T-bonds risks rising rate exposure
- Shifting to floating-rate bonds risks a falling rate scenario and credit risks
- Counting on a clever bond manager to manage the bond exposure carries management risk (he may have been lucky in the past, not smart)
- Increasing stock exposure (say, to low-beta or low-vol stocks?) still risks a decline in multiples or some other change of investor sentiment
- Relying on higher-yield or leveraged bond funds / CEFs risks default or credit issues.
So, no easy answers. We've got to figure this thing out. Diversify bond funds, as you are evidently doing?
But, what matters most is the total portfolio, not the individual pieces.
N. Excellent summary of current investing environment.
Whether one bond fund made a bit more over the last few years does not matter to most (Joe/Mike/Average). I believe most important is asset allocation right now.
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Post by racqueteer on Aug 10, 2021 18:21:59 GMT
racqueteer , I don't know where to begin, but here goes ... 1) My commentary may or may not change things. You don't know. 2) You don't seem to react to persons who sidetrack threads, but you do react to my complaint about persons who sidetrack threads? Hmmmm ... 3) If Chang asks me to stop posting, I will do so immediately and permanently. 4) Why are YOU motivated to "call me out" instead of discussing the detail of my post? 5) I have had several discussions by private message, but you're not aware of that. Why do you assume I didn't? 6) Why didn't YOU send me a private message? Just so others can see your words? 7) No, complaining about behavior is NOT the same thing as posting about an individual. In this case, I happen to like the individual! I share his politics and valued his guidance during my first visit to his country. We've never met in person, yet. We occasionally exchange emails. We're not really friends, but friends do sometimes criticize friends. Friends tell each other what they think. 8) You don't have any idea whether any good will come from my complaints. Maybe yes, maybe no. I don’t want to get into a long back and forth here, but I DO want to address a couple things above: #2: You’re going to have to be more specific about this “sidetracking” to which you’re alluding. It wasn’t among your original FD claims; so I’m not sure where that is coming from? You were bringing up what I would call character flaws; rather than the sidetracking of threads. Can you provide an example of this? #4: I thought I WAS addressing what you wrote? I certainly was NOT commenting on your personal flaws! What I did has little in common with you were doing.
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Post by anitya on Aug 10, 2021 18:29:19 GMT
racqueteer , I don't know where to begin, but here goes ... 1) My commentary may or may not change things. You don't know. 2) You don't seem to react to persons who sidetrack threads, but you do react to my complaint about persons who sidetrack threads? Hmmmm ... 3) If Chang asks me to stop posting, I will do so immediately and permanently. 4) Why are YOU motivated to "call me out" instead of discussing the detail of my post? 5) I have had several discussions by private message, but you're not aware of that. Why do you assume I didn't? 6) Why didn't YOU send me a private message? Just so others can see your words? 7) No, complaining about behavior is NOT the same thing as posting about an individual. In this case, I happen to like the individual! I share his politics and valued his guidance during my first visit to his country. We've never met in person, yet. We occasionally exchange emails. We're not really friends, but friends do sometimes criticize friends. Friends tell each other what they think. 8) You don't have any idea whether any good will come from my complaints. Maybe yes, maybe no. I don’t want to get into a long back and forth here, but I DO want to address a couple things above: #2: You’re going to have to be more specific about this “sidetracking” to which you’re alluding. It wasn’t among your original FD claims; so I’m not sure where that is coming from? You were bringing up what I would call character flaws; rather than the sidetracking of threads. Can you provide an example of this? #4: I thought I WAS addressing what you wrote? I certainly was NOT commenting on your personal flaws! What I did has little in common with you were doing. Racqueteer, Could you please take your grievances with Norbert offline? Pl send him a private message or something else. Thanks for your consideration. A
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Post by richardsok on Aug 10, 2021 19:31:54 GMT
I don't generally get into the high weeds of bond fund chatter. Not my area of interest. But I agree with ani. You, Norbert & Racquet, are too important to the forum for extended miscommunication/misunderstanding/mischaracterization -- or whatever this is.
Hope it ends right here.
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Post by paulr888 on Aug 12, 2021 12:00:05 GMT
Gundlach King or Crank? Neither. For whatever reason, his bond funds are not at the top. Suppose a typical investor contact me and wants to invest in a core-plus fund. I would offer DODIX. It had a much better risk/reward than DBLTX(ranks 94.87) ,DBLFX(ranks 86,75) for 3-5 years ( link). Gundlach is the main manager for both. I didn't come up with DODIX based on recent performance, I like this fund for years(it's not a secret I don't like any other D&C fund) What DBL funds I like? DBLEX(EM) managed by Padilla with good risk/reward. DBLSX(great Short term duration)=Gaundlach is one of the managers but the fund has over 30% international bonds per M*. I guess Padilla adds a lot. DBLIX= Gundlach isn't the manager. A new fund aimed at specialized MBS/securitized, similar to old PIMIX. A typical younger investor doesn't need the above funds. Retirees can use DBLSX, most don't need the other 2. A typical investor doesn't need to own 5+ bond funds. 5 funds is already on the upside, and diversification doesn't increase performance or lower volatility. If someone is mostly buy and hold then go with good, reliable funds. There is no need to pair funds, each fund should stands on its own. DBL would not be my preferred shop (typical or not typical). ==================== Gunlach investment in DBLTX doesn't impress me. It is his goals not mine, after all, his net worth is estimated at 2+ billion.Gundlach made "great' predictions in the last several months1) In 10/27/2020 ( link): 3 Reasons Gundlach Is Bearish on U.S. Stocks. SP500 made 32% ( link) since that date. 2) In 1/12/2021 ( link): Gundlach bullish on Asian emerging market stocks. SP500 vs EEMA ( link) shows that SP500 made 23% more. These were pretty bad predictions.==================== But wait, if you mention Hussman, Arnott, GMO predictions I will trash them too. This has nothing to do with what you own, it's just my opinion. You should do your own due diligence and invest accordingly. All these investment sites are a good entertainment, with no obligation and FREE opinions. FD ... I am reluctant to Lazarus this thread but I have a lingering question about DODIX. I know you and Chang are fans of DODIX. What comparison data do you have that make this fund shine above others? Forget about DoubleLine funds. I am thinking other income funds like PIMIX or TSIIX which happen to be Multi Sector or FTBFX which is Core Plus. Reason I ask is I have been aware of and have looked at DODiX over the years and always decided El Paso. Btw, thanks for your help on my cursor issue. Cursor is working like a champ as I pound out this post. I looked at your link and simply went into device manager and found what I think was controlling my mouse and I saw another one that I disabled. That seems to have done the trick. Many thanks.
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Post by racqueteer on Aug 12, 2021 12:10:40 GMT
Btw, thanks for your help on my cursor issue. Cursor is working like a champ as I pound out this post. I looked at your link and simply went into device manager and found what I think was controlling my mouse and I saw another one that I disabled. That seems to have done the trick. Many thanks. I'd be interested to know what the details were on that problem, Paul (or FD). I haven't heard of those symptoms before.
A PM would be fine...
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