Spoke Fund

Saving investors from mutual funds

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New Performance Reporting Features at FOLIO

Cale Smith

This weekend FOLIO will be rolling out a serious upgrade to their current performance reporting features. Could change how I’m currently tracking things. As per an email from FOLIO:

– The Performance Reporting Center has been significantly enhanced with pages including an interactive performance graph. This new performance reporting capability includes the ability to compare performance against multiple benchmarks, display returns with or without fees, and download daily returns and market values. Additionally, as a reminder any benchmark you select on the model settings page will be the displayed benchmark for the subscribed folio.

– A Portfolio Summary sidebar has been added, which provides beginning and ending values, summary cash and security movements, and both time-and money-weighted returns.

– This enhancement is also available to your clients through the client website.

– This set of enhancements is the first phase of a multi-phase roll out that promises to offer state of the art performance reporting to those using our platform. At this time, and as part of the roll-out, all features are included for no additional charge. As the full set of advanced features is completed and made available, certain advanced features/modules (or similar) will be made available for additional charges.

Couple of other things they are tweaking with this update, too, from tax lots to IRA withdrawals to overhauling the Filing Cabinet, too. Give me a shout if you want me the full email.

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Idea for a Video on Spoke Funds

Cale Smith

Relaying an idea from another Spoke Fund manager that I thought could be a good one…

If you haven’t heard of the cartoonist Hugh MacLeod, you can check out some of his work at this Tumblr site or his art site here, and Hugh’s blog is also here. And here is one of his recent presentations, too, which gives some context to the paragraph below.

So the question is…how much interest among Spoke Fund managers is there in having Hugh create a 60 second animation video that explains the Spoke Fund concept? It will apparently cost from $8k to $12k to create a really slick animation video, depending on bells and whistles. Think it’s safe to say that cost is too high for any of us as individuals, but we might be able to share the cost as a group if the interest is there. The idea would be to create a cool, high quality vid that individual managers can use however they see fit, ostensibly for their own advertising efforts as well as to educate investors and prospects.

I’ve had some surprising success with the videos on my own site, and would be happy to pay a bit more than equal share to fund the cost of the video. I’ll also devote some resources to some sort of PR push to be timed with the release of the final vid, too, if we get enough interest.

So if you’d be interested, please let me know, and we will go from there. Thank you.