The advantage to M*, when it worked, is that I could track and compare fund returns YTD, and 1,3,5,10 and 15 years. I don’t see how I could do that using a spreadsheet. M* also allows you to customize portfolio views so that it displays yields, expense ratios, standard deviations and other factors. My problem isn’t with their portfolio function, per se, but the fact that the site won’t let me stay logged in. It’s crazy. I utilize dozens of websites that don’t have an issue keeping users logged in, only M*

Yeah. And if it keeps going up, those of us that track to month-ending data only, there may never have been a bear! (Not my view, just saying.) The daily volatility this month (bond funds included) feels like five years! It is not something longer-term investors want to contend with ... and, if they don't, they better pick their long-term investments accordingly. And, while ETFs have their share of skeptics, they may be better at reflecting true NAV (including liquidity risk) than some OEFs. Today anyway. c

I'm still in also. What I learned about myself recently is that I can tolerate a 40% drop in a stock I hold, but an equivalent drop in a bond fund makes me retch. IOFAX has not recovered, but ORNAX has rebounded in the last two days.

I totally agree with @BenWP about the gut wrenching feeling to lose so much in a bond fund, but I came up with a different decision. I'm betting IOFAX does not come back, so I sold out.
My small mind doesn't see how the fund can sell off most or much of it's portfolio of holdings at discount prices to make seller-redemptions and expect what remains in the portfolio to recover those losses. Talk about not having any dry powder. I fear this fund has just as much potential to drop another 20% over the next month than it has to increase 20% over the next 3 years.
Given that, why not take that money and put it into something that has greater likelihood to recover? That was my thought anyway and I may be waaaaay wrong.

Hi @Derf- Yes, adding an entire account is easy, and I have done that with a number of our bank accounts. But I need more granularity: I need to have a consolidated list of all of our individual funds, not just the fund totals.
I've just been over at Schwab, exploring the "Tools", and once again I cannot see a way to do this.
For many years I've done this using M*, where it's easy to construct a portfolio model. Over there, I've got a "portfolio" consisting of one share of each fund, since I have no idea who is able to look at that info and do lord knows what with it. M* updates the share prices daily (with variable accuracy) and I just copy that info and paste it into my spreadsheet where all of the actual data is kept with respect to number of shares etc.
The spreadsheet then calculates the actual totals for each fund and computes the YTD, "since purchase", and "since last entry" gain or loss update for each fund. Sometimes, like now that we're stuck here at home, I do that daily; other times it's weekly or maybe just when I feel like it.
OJ

As I have said before, trading CAPE is an adventure as there is often a lag between what the market is doing and a big gap between the bid and the ask prices. Trading volumes are usually low. With no commissions, it's now possible to buy small positions with only the price to worry about. Limit trades are a necessity. CAPE is far more tax efficient than DSENX because it doesn't throw off dividends.

True dummy thought --- how does it track VOO and DSEEX so closely without reinvested divs? NAV alone? Also not seeing why limits are a necessity unless daytrading. Perhaps I am just foggier than my norm today.
Did you ever see this from a couple years ago (SMWilliams seekingalpha, cached)? Sounds unlikely.
This ETN could essentially play a similar role to an overall index equity ETF as a core portfolio fund with better risk-adjusted returns. However, since this is not an ETF but an ETN, I'd be hesitant with recommending it due to the fact that it has no underlying holdings but instead is an unsecured debt obligation only. The ETN only has 4 underlying indexes that it tracks in equal weights every month, so for an investor who wants to track the ETN but is uncomfortable with the ETN structure, you can see the indexes that it tracks online and replicate it by buying ETFs that cover those sectors, currently 25% consumer discretionary, 25% health care, 25% industrials, and 25% technology. The ETN has a 0.45% fee, Vanguard's Sector ETFs have a 0.10% fee, so depending on trading costs, you might end up paying less fees and you'd own an actual interest in the sector's stocks rather than just a credit note.
To replicate this ETN in its current state with Vanguard ETFs, you'd calculate the total equity allocation you have and buy 25% of it in each: the Vanguard Consumer Discretionary ETF (VCR), the Vanguard Information Technology ETF (VGT), the Vanguard Healthcare ETF (VHT), and the Vanguard Industrials ETF (VIS) - which is what it holds as of September 29. Every month you'd check back on the website (or on this site which might have more up to date information on its holdings) and see what portfolio changes have been made and adjust your own portfolio. Although this would take much more time than just buying a simple static ETF portfolio, which should be enough for most people, but if you want to optimize your portfolio for less risk, this could be a relatively simple adjustment to make.

I track our portfolio for years. I use Fidelity FULL VIEW and/or Schwab(it shows up automatically). You need to link each account/broker. And no, I'm not scared my info will be abused. This way I see the aggregate amount per fund across all account/broker and they are accurate including all distributions. It takes 10 minutes to create the links and then you are free for years.
M* portfolio are ridiculous and not accurate. I gave up on them after using them for several weeks years ago.

Good one MikeM. M* kinda of rubbing investors' noses in it ... "You should have been invested in one of our metal rated funds." And yes, they get to take a bow ... this March I sure wish I had been in PIMIX! But honestly, for the last 3 years, I was happier in IOFIX. Can I add that into the ROI equation? Otherwise, I think the article is pretty informative.
https://www.morningstar.com/articles/974632/market-turmoil-has-bent-bond-mutual-funds-but-most-have-not-broken

Everyone needs an emergency fund...invested conservatively...to cover basic expenses for rent, food, and insurances. The question is how many months or years should you prepare for?

“If you lose your job or are recently retired, you do not want to have to sell stocks at a low point during a bear market or take a distribution or loan from your 401(k) account or IRA because you are cash poor.”

My wife and I have a half-dozen investment portfolios due to separate IRAs, Roths, 401Ks and taxable savings. For many years, I have tracked these different accounts on Morningstar, using their portfolio manager section. However, like many others, I have found the M* website to be increasingly troublesome. The main problem is that the website logs me out every time I leave the site, and sometimes while using it, forcing me to log in repeatedly. My internet service has been slow lately, compounding the problem because it often takes a while to log in.
Can anyone recommend other websites where I can track various portfolios, similar in past functionality to the M* site? That is, where I enter in various funds, shares owned, and view current and past performance over various time periods.

...absence of high-quality holdings to provide liquidity should have raised concerns for any investor.

The fund’s chart-topping returns in recent years... should have also raised questions...

What a bunch of crap. Did this author write a similar story before the collapse entitled "everybody get out asap because this fund is going to lose 1/2 it's value"? Shoulda, coulda, woulda...

From a M* article posted today--
The most vulnerable strategies in the current environment have been flashing red well in advance. For example, AlphaCentric Income Opportunities (IOFIX), a multisector bond fund that has invested the majority of its assets in mezzanine subprime MBS, has experienced heavy redemptions in recent weeks. Given that the portfolio was roughly 95% invested in nonagency residential mortgage credit, it’s highly unlikely the managers were able to raise cash to meet those redemptions without locking in losses in the current environment. The fund has erased more than 40% of its value for its shareholders since the beginning of March, with most of those losses coming in the last several trading days.
But that fund’s highly aggressive approach already made it an outlier relative to competitors in the multisector bond category, which is home to funds with a greater appetite for credit-sensitive sectors. Its portfolio chock-full of subordinated mortgage credit avoided by other fund managers, its indeterminate credit quality profile (most of the fund’s holdings were nonrated), and absence of high-quality holdings to provide liquidity should have raised concerns for any investor. The fund’s chart-topping returns in recent years--its trailing three-year annualized return of 10.4% through February 2020 outpaced its next closest competitors’ by a full 300 basis points--should have also raised questions about the risks its managers were taking to achieve those results.

@Tarwheel. You have officially proved I'm an idiot. I did bloody read, BUT I never read properly. maybe because I read it on my phone. The "Risks" and "Rewards" sections are flipped on TRP website but "Rewards" are in left column. I never read the right column else I would never have invested in this fund. Like I mentioned it's for my MIL who's 80 years old.
Straight from TRP website.
The floating-rate feature virtually eliminates interest rate risk.
Bank loans typically rank higher in the capital structure for repayment.
Low historical return correlations with other asset classes, including high-yield bonds, make bank loans a diversifier for equity and fixed-income portfolios.
... AND ...
The loans and debt securities held by the fund are usually considered speculative and involve a greater risk of default and price decline than higher-rated bonds.
This fund could have greater price declines than a fund that invests primarily in high-quality bonds or loans.
The ones highlighted line led me to believe the fund was invested in government securities only. Next time I see "interest rate risk" I'll know better.
I dunno why I assumed "floating rate" with safety. Thinking I will make 0.1% when rates were very low and about 3% when rates were about that. Then again, I somehow don't believe I'm the only one who's stupid. I can't imagine why any sane person would invest in floating rate funds. The risk/reward is simply not there and simply plotting say PBDIX against FFHRX shows that. "Diversification" like this I don't need.

Different people have different expectations and risk can mean different things to them.
There's a difference between expectations and certainties. Stocks had a dismal decade in the 2000s. "Investors would have been better off investing in pretty much anything else, from bonds to gold or even just stuffing money under a mattress."
https://www.wsj.com/articles/SB10001424052748704786204574607993448916718
Stuff happens. It doesn't mean that rather than investing in stocks one should stuff a mattress. It means that sometimes one's expectations are not met; that's the nature of risk.
Personally, if a fund like RPHYX underperformed VMMXX over a period of several years, it wouldn't bother me, so long as the margin of underperformance was within my tolerance range. I'm willing to accept the possibility of underperformance for extended periods, given the expectation that over time I'll outperform. Meanwhile, I can live with the small losses. But each person is different.
With that in mind:
1) Yes, RPHYX is supposed to be more risky than VMMXX. Especially now that the government has once again put its thumb on the scale to reduce the risk to VMMXX.
2) As I noted in my post seven years ago, Strong had recommended a time frame of 1-2 years for its Advantage fund. I felt then and continue to feel that this is a reasonable recommendation. Over this period of time one expects to do better than a MMF, but that is different from saying it will always happen.
3) As I tried to show above, taking on any risk means that sometimes things don't work out. That's true whether it's investing in a MMF that could break a buck or in stocks for a decade. One takes on the risk because the anticipated, the hoped for reward is sufficiently high to compensate for the occasions when outcomes are worse than anticipated.
Each individual weighs risks and rewards differently. It's personal and there's no single right decision. YMMV.

Relax, breathe easy for now at least for today. By Alpha General Capital at Seeking Alpha
Summary
° The PIMCO UNII report showed some modest progress on coverage and UNII levels.
° Obviously, the traditional looks at this report are less important given what is happening in the markets and with these funds specifically.
° We expect distributions to be maintained in most of the taxable bond CEFs from PIMCO and that the muni funds are investable for the first time in years.
° Most funds earned their distribution in the month according to NII production with small shortfalls in the others. Nothing concerning.
The Report

@davidrmoran, I'm sorry to hear you lost your college friend. That certainly brings this pandemic into perspective on a personal level. We've lost some money. Your friends family lost much more.
I bought into DSENX shortly after you brought it to the attention of this board, so I had plenty of good years with it too. I understand the CAPE side of it and trusted the secret sauce bond side would help during a bear. Obviously wrong. I feel better now after moving that money going forward with AKREX and YAFFX.

Thank you; most kind.
https://www.newsday.com/long-island/obituaries/alan-finder-obituary-1.43423378
Complete coincidence that we both trained to be academics and teachers, argued about history of ideas (and politics) 50+ years ago, and were teachers for a while, and then each separately wound up in journalism and editorial work forevermore. It is shocking (literally) to have someone in good health die like this. I sure am hoping everyone here is able to stay mostly safe and scrubbed and more or less isolated even in their declining wealth.

Hi @David_Snowball, yes, my comment was about RPHYX, and I was actually thinking of you when I wrote that comment, since I know you've invested heavily in it.
In this crash, it has underperformed both vanilla bond funds like MWTRX and Vanguard's bond index fund, VBMFX, which is positive for the year. It has also underperformed over the medium and long terms.
It was supposed to offer minimal downside. As it turns out, in this stress situation, it has offered more downside than a total bond market index fund, while also underperforming the index by over 100 bps/year over the last 5 years.
I have enormous respect for you, so I am curious if you are rethinking your investment in this fund.

Hi newgirl! Well, I have a couple real disasters in the port, and think about "trading them in" for something of better merit that's also down. Stuff that's down comes in a few forms: funds/stocks that will outlast my lifetime, and some that are so sick I will outlast them. Boeing/GE make a nice dichotomy (I hold both). For now.
Meanwhile, I also hold ARTGX and TBGVX, the Tweedy goes back 20 years or so, and I put it in my kids Roths as well. I wouldn't think of selling either one.
It's a fun game.
Best, hawk

It was only seven years since I made this post about STADX specifically and "enhanced cash" funds generally. How soon they forget :-)
https://mutualfundobserver.com/discuss/discussion/comment/21712/#Comment_21712
Until the GFC when most of these funds vanished in the US, "enhanced cash" was used to group three types of funds that fall between MMFs and short term bond funds. While the term has fallen into disuse, it still seems to be an apt moniker.
iMoneyNet continues to use the term. Here's the way they define the fund categories (from a 2016 iMoneyNet presentation). All colors, bolding, etc. in original. The categories are arranged from least risk to greatest.
Enhanced Cash Sector Categories Defined
Cash Plus Funds- Government Portfolios and Prime Portfolios

• Seeks to maintain a stable $1 NAV but uses mark-to-market, not amortized-cost valuations
• WAM usually range up to 180 days (MMFs are up to 60 days)
• Priorities:1) Stability of Principal, 2) Yield, and 3) Liquidity

Enhanced Cash Funds- Government Portfolios, Prime Portfolios,
and Prime+Sub-Investment Grade Portfolios

• Floating NAV, Effective port. duration generally ranges up to one year
• Priorities: 1) Total Return, 2) Stability of Principal, and 3) Liquidity

Ultrashort Bond Funds- Government Portoflios, Prime Portfolios,
and Prime + Sub-Investment Grade Portfolios

• Floating NAV, Effective portfolio duration generally from 1 to 3 years
• Priorities: 1) Total Return, 2) Stability of Principal, and 3) Liquidity

I own Thompson bond fund, a short term fund that has lost 10.8% so far this year. I always thought short term funds wouldn't lose as much in a downturn but that clearly is not the case. Does anyone have any ideas as to why this is losing so much? This has been a great fund for many years but is really disappointing. All my other bond funds were up today but this was down another .97%. Thoughts?