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

back to primecap topic, from IAV :
"...I won’t be buying either of the two reopened funds, but please do not take that as any indication of a lack of confidence or conviction in the funds and the managers. I’m not buying the funds because...I already have a lot of exposure to PRIMECAP's stock pickers...
Yes, PRIMECAP has trailed 500 Index over the past three years (by around 1% per year). However, the active fund has beaten the index fund over the past five, ten and fifteen years..."

Sitting tight. Normal 10% cash allocation is at 15% pending a sizable withdrawal / distribution later this summer. Than back to 10%. Labor is in short supply so I don’t know when the infrastructure work will begin.
I watch the precious metals. If I were going to take a stab at something it would be GLTR. There’s a certain “fun” aspect to playing in that area. But that stuff has had a few good years and I don’t usually buy things that have risen a lot. Don’t usually mention specific CEFs, but I watch (and have owned in the past) GGN which plays in the miners and appears to be a pretty gentle behaving security considering its exposure to gold. But, again, it’s had a couple hot years recently, so not buying.
I watch scotch brands and prices. Testing a bottle of Glenfiddich 12-year right now and quite impressed. Enjoyed some Glenfarclas 12-year recently on United. Great stuff, but at $79 will need to grow the portfolio a bit more. United’s scotch is better than their planes.

@Tarwheel - never would I claim that FCNTX is an S&P 500 clone. It's far from it. At the time I sold what it hadn't been doing was beating up on the S%P 500 like it had in prior years. I blamed it on the growth of the massive AUM. I owned it close to 30 years.. largely due to it's skilled manager.

Thanks Everyone. It’s my impression I came out ahead. As @msf noted, there is no tax consideration being in a Roth IRA. Maybe a better way to look at it is I own more shares of the same CEF now for no additional cost (as I reinvested roughly the earlier cash value).
This might make a worthwhile thread on CEFs if anyone is so inclined. I’ve for several years owned 1 or 2. I view these as a way of broadening out / diversifying a portfolio. Also, as a way of adding a little extra “octane” to total return because most employ leverage.
The way they trade drives me nuts. As @BaluBalu pointed out in another thread they are used by some as trading vehicles. And as @Mark mentioned in another thread they are largely owned by institutions. The latter fact would seem to indicate that smaller investors have a better than average chance of getting burned by these. If you think interest rates will fall, they should rise in value to the extent that they employ leverage (and falling rates = lower borrowing costs).
What are the incentives for the manager to perform well or to stick to the fund’s mandate? I’ve read that their fee is based on total amount including levered amount. OK. Mutual fund managers have an incentive to attract more investors and sell more shares and increase the funds’ AUM. But a CEF cannot issue more shares. What incentives keep the manager on the straight and narrow?
I do understand that these often trade at a discount to NAV. Is the manager’s fee based on NAV or share price? Does each have a board of directors elected by shareholders? I think so.
Why is it that the share price of so many of these drop rapidly in the first year or 2 of operation? Often they will fall 15-25% in the first year or two and then begin a slow recovery. Obviously, they don’t look like a good value when first issued. Is that just raw luck or is some other factor at work?

FCNTX is no S&P clone. It rose about 15% in January alone. I’ve owned it for 20+ years and it’s the best performing fund in my portfolio.

Sure makes sense…. I’ve also got a lot invested in SPY too. It’s certainly been the place you wanted to be the last 15 years