majority of holdings are small companies, when the bears and recession looms they have a tendency to not perform well as a whole... majority of spending goes to large cap growth companies.. you feel it especially in a nich fund like NALFX, im confident it will be a good long term fund.. i own personally.
Maurice, where can we find the number of investors in this fund (I know the net assets is around 232M, but I am interested in how many individual account holders have invested in this fund).
Also, Maurice, your Yahoo profile states "87/Male". Is it okay to ask how old is David?
Maybe that's true. 20% is a lot of cash. Some of these stocks are pretty scary by themselves. I want to participate in this market but I definitely don't want to start picking AE stocks. I can understand keeping 20% cash. Because if I was forced to choose only from this sector, even if I knew it as well as these guys, I think I would be hesitant to commit that 20% even if to be able to adjust to market forces and trends.
Now that the bull market seems to be winding down, it would be nice if they looked into bonds from stable economies like PSAFX does. I have a bad feeling about the USD (as well as our economy in general) and one thing I like about NALFX is its weight in foreign stocks.
Hopefully the fund will live-on for a long time. It definitely has the good potential and I think the strategy is well-placed for some long-term changes in economic reality.
what an incredible chart... these guys must know what they're doing, they should look at private nuclear energy play...
alternative energy holdings (AEHI)
Well, when the day comes when they lose their minds...which may or may not happen, do you want the fund held in their hands. I prefer to have foresight, and not let it happen that way. I'm not suggesting they are incompetent today, but they might be tomorrow. They need, and maybe they are already doing, to bring in some youth..relative youth. Maybe a 50 year old and at late 30's guy and begin to train them to take over the fund. I know this is their baby, but their responsibility is to the investors, not their ego.
And I never said they didn't participate in the bull market...I said they could have performed even better than they did had they put a good portion of that 20% cash to work. And a comp to the SPX isn't relevant. You'd need to compare it to something more similar in holdings.
I'm a new shareholder-invested because I believe alternative energy sources will be the future. Having a geo-thermal system installed right now so I don't have to depend on fuel oil this winter.
There you didn't have to wait for next year!