Comments on Fund My Mutual Fund: Bookkeeping: 'Rising Tide' Performance Week 47

nullpointer - thanksbill,it is not usually an onli...

2008-06-28T12:20:00.000-04:00

nullpointer - thanks

bill,
it is not usually an online broker - there is generally a set of brokers that deal with institutions.

Phone calls are very 1980s.

Yes as with any fund there will be incremental investments and an automatic monthly program to invest (dollar cost average). I don't know the amounts yet - I have to balance things being a small fund since each transaction and account size impact costs.

The only difference between a major fund and a smaller fund is where you can buy it. i.e. brokerages and fund supermarkets. We'll get onto brokerages within a year and then once (if) assets ever hit a certain size we'll get on Fidelity/Schwab supermarkets but the fees are incredibly onerous and they take a huge chunk of money on each account.

My investment strategy is to find the biggest dislocation between what the markets think earnings will be, and what I will think they will be. The sector is irrelevant to me. At this time it just so happens to be commodities, in the past its been housing or tech or whatever. I don't really care.

In fact I've been trying to diversify away from commodities but frankly just about everything else has not worked. This is a very narrow market. If I had just gone "all in" into commodities my performance would of been that much better.

But you are only reading/seeing me the past year. So don't extrapolate the current with the future. In 5 years I could be running and gunning in financials and housing. It all depends where the next leg of growth is. Right now the pockets of growth are very narrow and all related to small subsectors of the global economy so we're stuck in this small part of the sandbox.

I have a few questions Mark. Out if curiosity, wha...

2008-06-28T09:59:00.000-04:00

I have a few questions Mark.

Out if curiosity, what type of platform would you use at the "trading desk" when you launch your fund. do you use like an online broker, or is there something different for the "fundy" guys like phone calls or something.

Second, I thought the minimum investment was $2500 (2.5K, 2.5G, 5000 curtis jacksons, etc.) Well can investors do incremental additions like say monthly. I just ask because your competition (CGMFX) allows for this and I was wondering if you would too because I would be putting the bulk of money in after 2009 and I fear you will launch before end of 2009 (I say fear in that I wouldn't be able to get all the money invested I could if there was no additional investments allowed not fear in that your fund would be horrible)

Last, I observe your investing strategies now where you make money off the decline of the world/america as commodities soar. Therefore you have lesser tech exposure and financials too except for shorts or trades, because well those are losers for the most part. Now this strategy has been great since Aug 2007 and will probably be perhaps for a few more years or longer. But what type of strategies did you use say in 2000-2003 (bearish market) or say late 1990s..I am quite curious. I mean holding loads of commodity stocks would have made you miss the move in late 1990s in tech, so I was wondering what strategies you implemented, in I guess your person portfolio because well the Rising Tide fund was just a "puddle" then.

Thanks. Good week outperforming by 2% considering Ben screwed you.

congrats mark, nice performance in a very difficul...

2008-06-27T20:43:00.000-04:00

congrats mark, nice performance in a very difficult week.