I currently own OAKGX in my Roth IRA and was considering adding a second Roth IRA with Oakmark. I have 20+ yrs to retirement and the bulk of my retirement (by a HUGE margin) is in my 403b with TIAA-CREF.

I was considering starting an account in OAKWX so I could add Nygren and Herro to the mix and I like that the fund has only 20 stocks. I realize there's some overlap with OAKGX but that might be fine.

I also was considering OAKLX because I believe in Nygren long term and the funds performed pretty bad the last few years so now's a better time to start then at the top. Again, I like concentrated funds.

Also I am considering OAKBX because of all the reasons that make it such a fantastic fund (maybe one of the best balanced funds there is...I dunno). The thing I don't like about it is the assets size. Everybody and their grandmother wants this fund these days. The other issue is, I already have Mcgregor's expertise in OAKGX and would like to take advantage of Herro and Nygren if I could.

Maybe I shouldn't do anything...maybe I should just max out my Roth with OAKGX. I have two other funds in taxable accounts by the way (FAIRX & RYVFX) and I am super pleased with them as well.

Any thoughts, opinions, rude comments (just kidding about the rude part).

Clem

 

Nobody's haedly ever on this forum anymore. Now I'm really convinced it's time to get back into another Oakmark fund :-)

Clem

my suggestion would be go for another fnd fmly

u r rt.post ur q's at other forums like fidelity,trp,etc u get more replies

 

Nygren's stubborness and naivete cost millions to investors in his Washington Mutual journey to oblivion. All managers make mistakes but when you own 15% of the funds assets on one stock, you better know what is going on at the senior management level, which he didn't. If they lied to him, then he needs to get a good plaintiff's lawyer and file a suit.

 

The stock is down from 45 to 8 and to 10 or so  now. Major capital infusion because of liar loans, HELOC defaults, etc....

Maybe he learnd something and the forward looking journey will be better?

EAsy choice.  

Dump OAKWX immediately.    Oakmark established OAKWX to try and boost assets under management using the 'cachet' of their 2 star managers Herro and Nygren.   Only problem is their real workhorse manager (MacGregor) is ALREADY running a great global fund (OAKGX), which has run rings around OAKWX..

If you want to own an Oakmark Global fund, why stick with the stinker!   Dump OAKWX and exchange it for OAKGX.

IMO though, you can do one better:  In any tax-deferred account you should populate it with securitiese LESS PRONE to drops in NAV / price.  Why?   Because, unlike in a  taxable account,  you cannot sell it in a deferred account and register a loss for tax purposes.  Said another way, you bear the full burden of any loss in a deferred account, while part of your losses is subsidized in a taxable account.

For this reason,  (and because I hate to see the value of my portfolio go down) I think OAKBX is a superior choice for a deferred account.   But hey, if you want to be bold and stick with an all-stock fund, please, PLEASE dump  OAKWX.

As for buying OAKLX,   no way, NO HOW!    I have to agree with the earlier poster,  Nygren's hubris WRT WM has been monumental.    You could pick 12 people out of the phone book at random who would have done better than he had in the past 24 months.    If he could not figure out that banking was not a place to be overweight during the housing bubble, the guy needs new glasses.

Signed

A long-term happy and relieved holder of OAKBX. 

 

I only hold OAKGX,. I was considering adding a second roth with one of the other three. I've decided not to add any funds and just invest with OAKGX, but not because of any reasons you stated. I have my reason's but won't go into them. I just think there is a whole lot of performance chasing and not very much long term (ie: 10+yrs) investing going on in these boards. Clem

[quote user="pining4Lenore"]

EAsy choice.  

Dump OAKWX immediately.    Oakmark established OAKWX to try and boost assets under management using the 'cachet' of their 2 star managers Herro and Nygren.   Only problem is their real workhorse manager (MacGregor) is ALREADY running a great global fund (OAKGX), which has run rings around OAKWX..

If you want to own an Oakmark Global fund, why stick with the stinker!   Dump OAKWX and exchange it for OAKGX.

IMO though, you can do one better:  In any tax-deferred account you should populate it with securitiese LESS PRONE to drops in NAV / price.  Why?   Because, unlike in a  taxable account,  you cannot sell it in a deferred account and register a loss for tax purposes.  Said another way, you bear the full burden of any loss in a deferred account, while part of your losses is subsidized in a taxable account.

For this reason,  (and because I hate to see the value of my portfolio go down) I think OAKBX is a superior choice for a deferred account.   But hey, if you want to be bold and stick with an all-stock fund, please, PLEASE dump  OAKWX.

As for buying OAKLX,   no way, NO HOW!    I have to agree with the earlier poster,  Nygren's hubris WRT WM has been monumental.    You could pick 12 people out of the phone book at random who would have done better than he had in the past 24 months.    If he could not figure out that banking was not a place to be overweight during the housing bubble, the guy needs new glasses.

Signed

A long-term happy and relieved holder of OAKBX. 

 

[/quote]

 

THANK YOU, pining4Lenore...

I posted a similar post the other day commenting on Nygren's inability to avoid what seemed like an obvious, significant economic exposure with WaMu and got some pathetic post in reply by somebody commenting that I simply "don't get" long-term value investing... I'm sure whoever that was gave themself a nice pat on the back for being such a responsible, disciplined investor... Please.

The only point I disagree with you on is the recommendation to dump OAKWX immediately - I plan on sticking with it for another 6-8 months to catch the market upswing and recover the losses my money has taken since investing initially in Jan 07. At that point, I'll be transferring those assets (which are in my Roth IRA) either to OAKEX or to a new IRA with another manager/custodian.

Question: Does anybody know what the tax repercussions would be, if any, from (1) 'transferring' (exchanging) these OAKWX Roth IRA shares to another fund in which I'm already invested (OAKEX) and that's within the same account and / or from (2) transferring these Roth IRA 'assets' to a new, supplemental Roth IRA with a new manager/custodian?

My guess would be that, even if it is a taxable event, I wouldn't take a gains tax hit because the fund NAV is currently lower than it was when I bought in, BUT it's possible that that will change if I stay in it to recoupe losses, as stated above.

Thanks for your help in advance.

I don't think the pairing of OAKWX with OAKGX is that bad.  If you put half as much into OAKWX then you are weighting the four managers at Oakmark about evenly (since OAKGX holds about 40 holdings, while OAKWX holds around 20).  If you want to consider another "Oakmark" global fund, you might look at ARTGX.  Although it's managed by Samra and OKeefe at Artisan, they were formerly analysts at Oakmark and you can see their roots in their investing style. 

Regarding the question above about tax consequences: you're not taxed at all for any transactions in a Roth IRA, so regardless of what you do there are no tax repercussions.   

Thanks Nagorak, I think the pairing might be pretty decent over the long haul. It's funny you mention ARTGX, it's the only other global fund I was really considering. Samra and Okeefe should make a great value team. Clem