by Travis Johnson, Stock Gumshoe | August 11, 2017 1:01 am
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Source URL: https://www.stockgumshoe.com/2017/08/friday-file-checking-in-on-some-favored-mutual-funds/
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Hi Travis,
Delighted you have opened up on the collective part of your portfolio—as I requested some time back.
Do you have any thoughts on how to deal with that $100,000 minimum on the cheapest version of DSEEX?
Use an IRA to bump the minimum down to $5,000… or call Doubleline and see if you can get the 12b-1 waived if you invest directly with them. Don’t know if they’re ever flexible or not when it comes to that extra 0.25%
Thanks Travis for bringing this to my attention . . . I get more good ideas from you and the good “Doctor” than from all my expensive newsletters!!
thx Travis. great reading/insight. I am in the process of looking at asset protection channels as I move closer to 65ish. gonna a grab a minimum on this via IRA.
Travis,
As an international investor (having no access to US Mutual funds), how would I be able to get invest in such funds/indexes? For example, are there any ETF’s that mimic the fund?
The CAPE ETN is the basic shiller CAPE sector rotation strategy in ETN form, though I haven’t dug deeply into that one.
Perhaps I’m missing something obvious, but on the linked DSEEX report, I can’t find the % breakdown between funds invested in the CAPE strategy and fixed income holdings? Just curious.
Also of note, Schwab doesn’t have the lower $5k minimum for IRA investments. When I talked to the representative, they told me I would have to go directly to DoubleLine.
It’s a little odd conceptually, because 100% of the exposure is to the CAPE strategy… but it’s done through swaps, not direct equity positions, so both some cash and the fixed income portfolio are effectively collateral for those swaps (to minimize counterparty risk, the counterparty does not hold the collateral). The amount required for that collateral probably changes, but I think I read that roughly 60% of the capital is in the actively managed bond portfolio and the rest is directly pledged as swap collateral. I could definitely be off on that.
aha… thanks for clarifying. I was thrown off by that flowchart in their report.
Scottrade has the 5k minimum.
Hi Travis,
Would you know if I a Canadian, would be able to invest in DSEEX at the lower 5K through an RRSP? Basically our version up north of the IRA.
Most funds are not offered across borders, but I don’t know specifically about DoubleLine or whether they offer Canadian funds.