Mutual fund or etf - Page 2 - TigerDroppings.com

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Vols&Shaft83
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Member since Dec 2012
11980 posts

re: Mutual fund or etf


quote:

Once again as I said before the strategy has been run outside of the mutual fund for over 10 years.

Do some real due dilligence outside of google finance and looking at the internal expenses and you might actually learn something.





The strategy is mimic the ASRP index. BIG frickING DEAL.


Meanwhile, You pay a 5.75% Load and a 1.64% annual expense for a fund strategy that doesn't even match the S&P.

You look into the fund GTFO






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Janky
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re: Mutual fund or etf


Whgix or mfldx


This post was edited on 6/5 at 8:05 pm


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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1284 posts

re: Mutual fund or etf


quote:

The strategy is mimic the ASRP index. BIG frickING DEAL.


A strategy that was down single digits in '08 and has matched the S & P since. That is a big deal in my opinion.

quote:

Meanwhile, You pay a 5.75% Load and a 1.64% annual expense for a fund strategy that doesn't even match the S&P.


No I don't pay any loads, I buy everything at NAV. You are such an expert I hope you know what that means. Also I use the Institutional share class so my expenses are even lower.

I use this mutual fund along with other tactical managers however if I were to pick just one to buy and let sit I'd pick this one bc of their ability to go to cash.







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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
11980 posts

re: Mutual fund or etf


quote:

No I don't pay any loads, I buy everything at NAV. You are such an expert I hope you know what that means.


NAV = Net Asset Value, yes I'm very familiar with it, are you?

quote:

Also I use the Institutional share class so my expenses are even lower.


1.39 expense ratio then, still too high, and the only way you are getting I class shares (VAPIX) is if you're buying huge blocks of them, minimum initial investment is $100,000.

And VAPIX is trailing the S&P over the last 3 years, btw. So GTFO






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Janky
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re: Mutual fund or etf


I can buy institutional shares all the time with very small amounts. Certain brokerage platforms allow this. In my opinion, expenses mean nothing if performance is there.





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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1284 posts

re: Mutual fund or etf


quote:

NAV = Net Asset Value, yes I'm very familiar with it, are you


Very much so. I don't buy anything with a load everything at NAV so I don't know why you bring the load up.

quote:

1.39 expense ratio then, still too high, and the only way you are getting I class shares (VAPIX) is if you're buying huge blocks of them, minimum initial investment is $100,000. And VAPIX is trailing the S&P over the last 3 years, btw. So GTFO


I'm able to get into I-shares below the minimum all the time. I buy almost all institutional shares classes. And yes the strategy will match or even trail the S and P in an up market however when they get out of financials in fall of 2007 and fully into cash by fall of 2008 their is some real value there, Fees are only an issue in the absence of value.

Cheaper does not always equal better. Indexing isn't always better than active management.






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
11980 posts

re: Mutual fund or etf


quote:

I can buy institutional shares all the time with very small amounts. Certain brokerage platforms allow this.


Can you buy them on behalf of your clients too?

quote:

In my opinion, expenses mean nothing if performance is there.



Expenses mean little if the returns are there, but with VAPIX, the returns don't justify the expenses.






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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1284 posts

re: Mutual fund or etf


quote:

Can you buy them on behalf of your clients too?


Yup the fund company allows wavers for wrap accounts

quote:

Expenses mean little if the returns are there, but with VAPIX, the returns don't justify the expenses.


Will you please do me over quit being such a block headed moron and go look up F-Squared investments and tell me how their numbers don't justify the fees?









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Janky
LSU Fan
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Member since Jun 2011
7344 posts
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re: Mutual fund or etf


quote:

Can you buy them on behalf of your clients too?


Yes.






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Janky
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re: Mutual fund or etf


quote:

Yup the fund company allows wavers for wrap accounts


Are you an advisor? Who is your B/D?






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
11980 posts

re: Mutual fund or etf


quote:

so I don't know why you bring the load up.


Because you said VAPAX, which has a load, not VAPIX, which doesn't. But not a big deal, so let's move on.

quote:

they get out of financials in fall of 2007 and fully into cash by fall of 2008 their is some real value there



Can you provide a link that proves they did this?

quote:

Indexing isn't always better than active management.



I agree, a lot of my funds have beaten the Indexes for 5,10,20, 30+ years (all with lower expenses than 1.39%, except my small cap funds). I have index funds too.






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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1284 posts

re: Mutual fund or etf


quote:

Expenses mean little if the returns are there, but with VAPIX, the returns don't justify the expenses.


Not an FA. I'm a licensed professional for the Asset Management arm of NYC Investment Bank. I have a few friends/family type accounts that I run but for the most part my clients are advisors.






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Janky
LSU Fan
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Member since Jun 2011
7344 posts
 Online 

re: Mutual fund or etf


quote:

Not an FA. I'm a licensed professional for the Asset Management arm of NYC Investment Bank. I have a few friends/family type accounts that I run but for the most part my clients are advisors.


Gotcha.






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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1284 posts

re: Mutual fund or etf


quote:

quote: so I don't know why you bring the load up. Because you said VAPAX, which has a load, not VAPIX, which doesn't. But not a big deal, so let's move on.


You can buy A-shares without loads which I assume the OP would do since he was buying for his PA. Didn't bring up the I-share bc I figured he wouldn't have access to it.

Once again do some due dilli before you tell someone to GTFO then we can try to have an intelligent discussion although that may impossible considering how feeble minded you are.

I have provided the below link. Should have everything you want/need.

LINK






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Janky
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Member since Jun 2011
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re: Mutual fund or etf


I assume you are talking about load waived funds? I buy those if they don't have an I-share and refund the client 12-b1 fees.





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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1284 posts

re: Mutual fund or etf


quote:

The strategy is mimic the ASRP index. BIG frickING DEAL.


LINK

I'd say those performance numbers are a pretty big deal.

But you can go continue to buy your American funds and have fun being an Ed Jones advisor.






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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1284 posts

re: Mutual fund or etf


quote:

I assume you are talking about load waived funds? I buy those if they don't have an I-share and refund the client 12-b1 fees.


Correct. Which B/D are you with?



This post was edited on 6/5 at 10:16 pm


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Janky
LSU Fan
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Member since Jun 2011
7344 posts
 Online 

re: Mutual fund or etf


Never really looked at that fund. Pretty good returns with a great beta.





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Janky
LSU Fan
Team Primo
Member since Jun 2011
7344 posts
 Online 

re: Mutual fund or etf


quote:

Correct. Which B/S are you with?


LPL






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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1284 posts

re: Mutual fund or etf


[quoteNever really looked at that fund. Pretty good returns with a great beta. [/quote]

It's a great fund. We buy their signals and offer it to our advisors in an SMA.

Also look at EMNAX. It's a 130/30 product that instead of going to cash they use leverage and inverse ETFs returns are straight absurd

LINK

And before anyone comes at me you can't look at track record before 18 months ago of EMNAX completely different strategy then.






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