My dads JPM Chase mutual Fund

Discussion in 'Trading' started by nitro, Sep 3, 2009.

  1. nitro


    I didn't know where to put this, so I decided it was probably best to put it here.

    My dad owns two JPM funds, symbols OCGCX OBOCX, allocated 80:20 respectively:

    He just made 2.5% in one month.

    I am motivated to tell you about this because in this environment, it is not terribly hard to make ~ 20% a year even in traditionally conservative investments, i.e., corporate bonds, OCGCX.
  2. nitro


    I am correct about the number.

    I forget that on ET everyone is a multi-millionaire making +100%++ a year, so a pultry 20% a year is not deemed worthy. However, I think it is worth noting. It will be interesting to see how the bond fund in particular does. I will do a correlation between the stock fund against SPY later today. I am guessing it is close to 100% so I don't think there is much skill there.
  3. nkhoi

    nkhoi Moderator

    schindler trading 5.5% for August, 35.9% ytd.
  4. nitro


    Say this [hedge or CPO] fund has an expense ratio of 2:20. I don't know I am guessing. That means your real return is ~4%, not 5.5%, so the spread is much narrower. The JPM returns above are after all expenses. Further, this is not an actively managed fund, so it is not apples to apples comparison. In addition, there is no margin or leverage used, so again we would need to see if this fund you quote uses leverage, and I am guessing for sure 2:1 if not more. Finally, if we are going to compare different asset classes, we need to compare using risk adjusted returns

    Where I am sure my dad gets "hurt" is in a bear market. Let's see.
  5. Aaron


    By the way, all reported Schindler Trading International Equity Plus performance numbers are also net of all fees.

    And the fees are a 1% annual management fee plus a 20% performance fee that gets paid out over the succeeding 2 years as long as the profits aren't subsequently lost. And the performance fees are only earned by Schindler Trading on returns in excess of the EAFE benchmark.

    Send me a PM if you have any questions or would like a copy of the disclosure document.

    Aaron Schindler
    Schindler Trading
  6. Wow,

    I guess now it is confirmed that nitro is a clueless idiot who obviously has no idea about trading.

    Your dad's lame & ripoff JPM mutual fund mirrors the S&P and Dow.
  7. nitro


    Actually, I have been doing comparisons, and the JPM funds do worse in good times, and only slightly better in bad times, so it does worse than mirror. I am going to get help him to get a portfolio that is nearly as safe as what he has, but has a little more oomph.

    The thing that worries me is that I don't have data that shows how either his funds or what I am proposing will do in a rising interest rate environment, with potentially higher inflation.

    "It's not what we know we don't don't know, it is what we don't know we don't know that hurts us"
  8. This is a joke right?
  9. nitro


    No joke.
  10. nitro


    Here are the comparisons I made for my dad (hope they show up):;ohlcvalues=0;logscale=on;source=undefined;ohlcvalues=0;logscale=on;source=undefined

    He went cold when I showed him these charts.

    Edit: The charts don't show. Basically, I am charting the comparisons of % return of his funds against the nasdaq and TLT: stock fund against the nasdaq, and core bond fund vs the TLT. In fact, buying TLT when % returns reverts back to the core JPM bond fund is a 80% strategy over the last six years.
    #10     Sep 22, 2009