100% of my taxable portfolio. This will not change. Add to this every 2 weeks without fail. Thanks Clyde and Ed...keep up the great work (protecting my $).
No, you are wrong; this fund over time weathers the storm!!!
What you want 20+% gains over a year, go to VEGAS and lose it ALL!
This fund weathers the storm very well, and most certainly has a position in a well allocated mutual fund portfolio...
I own it, and I own a LOT OF IT!!!
I once had 12% of my portfolio in OAKBX but am relieved that I lowered that to 3% a year ago. This was a go-anywhere fund for many years but it's been unimpressive for the past few years. I think the size of the fund is a factor but something is really not right at the helm. I don't have the sense the management fee is buying anything that special.
I'll maintain my 3% stake but, unlike years past, I would no longer recommend OAKBX to others (and I have recommended this fund to MANY people over the years). A good ETF mix is a better way to go anymore.
The reqason why this fund did npot protect as in the past is because the underlying bond holdings that normally provide an airbag have been devalued by our government through QE1 and QE2. Government intervention currently is also equally devaluing our currency. A better fund for these market conditions is the PRPFX fund.
You can't weather the storm well when the equities in the fund have been raised to an all time high of 70%. Too much money in the fund and too few ideas. Why wasn't this closed tight a long time ago? Nimbleness is gone and probably won't ever return because this is a cash cow for Oakmark and Harris Assoc. This fund alone has more money than all of their other mutual funds combined. Oh well...it was good while it lasted. Check my other posts below for ideas. EVW