I owned PSTL for perhaps 2 years and finally dumped it at a loss. It might be the most unloved REIT in the Market. It's gone nowhere. Actually, it's been a loser the whole time I owned shares. David Sherman does not like REITS, for a good reason. It's been mentioned here at MFO before.

I have gone with VONG intermittently over the last 20 years, trying to do a little timing, and had some luck
fwiw

@MikeM
A bit over five years ago. He was a one man investment firm. I am sure he charged the usual 1.25% of assets or so and may have still used mutual funds with sig fees

”He was a nice enough guy but I didn't see why my investment dollars had to pay for the frequent all expense paid luxury trips he was always going on to American Fund events.”
About 15-20 years ago I followed a fella off a plane at Key West airport. Dressed to kill & carrying a briefcase labeled “T. Rowe Price” with a blinking red or green light on it. Looked like it was getting ready to blow. And the attire was definitely out of sync with the atmosphere & climate there … :)

Really tough right now. Middle of the road income funds haven’t produced this year the way I would have expected. I hold FKIQX and CVSIX for income. Neither is “shooting the lights out.”
Hard to believe the mess RPSIX (mentioned by @PopTart) has become in recent years. TRP seems to have somehow shot that one in the leg. A couple etfs worth a look are PYLD / BINC. Probably decent longer term holds. Trying to generate income via CEFs can be very productive but has a “wild west” feel to it. 20-25% losses in 2022 were common even for those CEFs that profess to be income oriented.
No recommendations. But you’ve remind me of the time I tried to motivate my parents to invest in a money market fund back when they paid 20%. I seeded the account with $500. But they fled in a month or so. Grew up in the Depression. Only trusted the local bank.

David
Since you will be meeting with M* folks in person, please tell them how valuable this individual investor finds the OLD portfolio manger. I have been using it for years and find it much better than the new version in "Investor".
The latter does not allow importing a spreadsheet and only has ten data columns and no summary on the Watch lists.

I waited too long and I'm a bit lazy. I like the companies I'm with now so I'll let it ride until next year. I've read most claims stay on your record for 5 years so I'll wait until I'm out of the 5 year window. I have no problems changing to a good company. I stayed with one company for many many years until I realized we're just numbers to them.

I'd be curious what Choi from Parnassus has to say - I've always liked their Equity Income Fund despite the WFC issue some years ago. I bailed out a few years ago when the fund was getting more growthy than I wanted. (Would be nice if they made an ETF of PRBLX/PRILX.) Maybe see how they're doing post their assimilation by AMG?
Interestingly, the Centre Global Infrastructure reads a *lot* like my Schwab income portfolio, though it's doing better and without the 1.57 ER, so yay me.

Another day, another disclosure....
I saw the writing on the wall 15 years ago -- very glad I'm not in operational cybersecurity anymore!

Ouch, just got my insurance policies
auto +5%
home +28%
umbrella +3%
28%!!!! WTH!!! I did have a roofing claim a couple years ago. I had a local broker research all my policies about 5 years ago. Saved me about 1k/yr. I think next year it's time to review all policies again.

It's all a matter of allocating risk and how well you're compensated for taking on more risk.
If you get a long term, non-callable CD, you're assuming the risk that rates won't rise (opportunity cost) while receiving a guarantee that your return won't fall. The bank is taking the opposite side of that wager - that rates won't fall (bank's opportunity cost) while receiving a guarantee that it has the use of your money for years even if rates rise.
If you get a long term, callable CD, you're hoping that rates remain fairly stable. You're assuming the risks that: (a) rates won't fall more than a little (or you'll lose your long term CD), and (b) rates won't rise more than a little (else that little rate premium won't make up for the higher rates (opportunity cost) you could have gotten after a shorter CD matured.
The higher return on the callable CD is primarily to compensate you for assuming the risk that rates will fall and you'll lose your locked-in rate. The risk of being locked in as rates rise is the same for callable and non-callable CDs.

These are TDF ETFs (bond portfolios) with the option at target-dates (around 80) to change into CEFs (to be launched in future with term-structure & liquidation in 20 years) or remain in the ETF.
https://www.sec.gov/Archives/edgar/data/1559992/000119312524164330/d822834d485apos.htm
https://www.stoneridgefunds.com/
https://x.com/ETFhearsay/status/1805011351401558498
Edit/Add: 2 problems - 1) Long-term income from bond/Treasuries-only portfolio, 2) end-stage option with CEFs may not be popular and those may not even be launched on/after 2048. So, it's a very conditional product that may keep investors in bond-only portfolio for life. It does have catchy "Longevity" in its name.

Charlie On The MTA. Yes, indeed. Apparently, the astronauts are safe for the time being inside the ISS.
To paraphrase "Crash" Davis in Bull Durham: "Boeing couldn't hit water if they fell out of a f*****g boat."
This is a dreadful state of affairs. I remember Apollo 13. THOSE boys responded to a huge problem and got the space-guys back home. Quality control EVERYWHERE has fallen into the toilet. On the earlier missions, was it all NASA guys who manufactured the parts and pieces? Seems to me we can't AFFORD to have the whole thing done in-house anymore, due to enormous deficit spending. Thus, oversight and quality control just suck. Like the food at school, my first two years in Spokane.

Good interview, thx.
As someone who has had a very large holding in Capital Group funds for nearly 20 years, I've been very pleased with them.

I too have enjoyed his writings over the years. He seemed to be the type of person who would be willing to sit and have a few cups of coffee with you.
Indeed, sad news.
His 'C' page write, from June 15, is here.
ADD: there is a comments area below his page write.
Respectfully,
Catch

Capitol Group's American Funds was our primary investment vehicle for some forty years. I was never impressed with their bond funds, but other than that we made a lot of money through the years in quite a variety of their other fund types.

@crash
I cannot say there is a lot of rhyme my reason. I have always gravitated to value metrics, but have been burned many times for refusing "pay up" for stocks with high PEs. Using some of the classic "Value funds" over the years has precipitated some blow ups too especially with funds that remained concentrated in one bad position.
A 50/50 value/growth spilt would have been much more productive.
We have used the advisor for three years and other than the fact we disagree on selling a a stock down 25 to 30%, I am reasonably pleased with his "Buffet light" approach. It is well articulated and he knows the companies very very well. WIth a current P/S ratio 2/3s of market an P/FCF 50% of market, it is hopefully more resistant to the upcoming downturn. HEmanages about 45% of our equities. BKB.B is another 17%
With this as a base, I chose my own other more growth oriented ideas. I am convinced for example that inflation will be sticky and energy use will be driven by electricity demand and industrials will respond to global warming mitigation ( and repair efforts). Thus we are overweight Energy and Utilities and Industrials.
I am content plodding along, without huge gainsor big losses. I would reduce our equity % some more, but I hate paying taxes.

”It's hard to believe I'm retired 7 years already … “

Watched an MLB game last night between Seattle & Miami. Ruined the evening when the announcer mentioned that Seattle’s starting pitcher was born the same year I retired. To make things worse I lost $2 on the game.
Enjoy retirement @Pudd. Try to stay healthy. Careful with those longnecks.

Hi Hank,
Good to hear from you. Hope you and yours are well.
I'll do the Scotch first.....yuk! It's all yours, Bro.....lol. Not into Porter, I'm afraid. Too heavy. I feel like a whale after a few.
As far as ideas on the Board, I always felt it was a strong point especially when people don't agree with you. Like you said, it causes one to pause and reflect which is good at all times.
Some things I miss on the Board: he is both conspicuous and greatly missed by his absence.....of course, you know I mean Ted. Things have changed forever with him gone. Another is Old Skeet. No here....but that's life.
It's hard to believe I'm retired 7 years already. As I always said, getting old is not for sissies...lol!
I wish you all well.
God bless
the Pudd

I don't care for Scotch. I'll stick to long necks.

Afraid I’m of no help in that respect. Either the flavor of beer has deteriorated in recent years or I’m losing my taste for it. But I’ll make an exception for Founder’s Porter. Excellent flavor and brewed in Michigan.
@Puddenhead - Nice to hear from you. Hope you find the ideas shared here (excluding those on scotch) helpful. I find the site invaluable. Even those with whom I disagree over how to invest (there are a few) cause me to rethink my approach and double-check / put to the test what I’m doing and why.
Take care