FYI: Unless you can get a guaranteed annual return of 8% on your retirement savings, employing a Social Security “bridge” with 401(k) and other savings until age 70 is the right move for almost all Americans who can afford to forgo the income.
This bridge strategy, laid out in a white paper by the Center for Retirement Research at Boston College, works for most people because retirees’ monthly Social Security checks increase 7% to 8% for every year they delay claiming up to age 70, when Social Security benefits max out.
Regards,
Ted
https://www.marketwatch.com/articles/social-security-bridge-q-a-answers-to-your-questions-about-the-retirement-income-strategy-51573912801?mod=barrons-on-marketwatch

Hi guys,
Have been doing some buying this month. Have added AEDVX. It's a mad money position. Just want to beat MM. Also have bought FAMEX. It's my last mid cap fund.....that makes 5......no more. Opened a position in FIFNX. It's a new fund. I like what it is, and its list of companies it owns. Also opened new position in FNSTX. Again, another new fund. Opened a position in PGTAX after watching FrontLine.....Season 2019, Episode 5, November 5th ....AI program had to get some. If you have time, watch it. Scarey......
Also added YCGEX. Also have added some money to funds I already own. I believe we're going higher.
God bless
the Pudd

Bought All-i preferred stocks ..good 5%yields priced 24.5 per share

FYI: ( Just remember what the Linkster has always said. Dividends are the mother's milk of investing.)
For investors who are saving for retirement, dividend stocks are a crucial building block—with reinvested payouts juicing returns during the preretirement phase and providing crucial income to retirees during the drawdown phase.
Indeed, the once-sleepy world of dividend investing is hot. With their attractive income and yields, dividend stocks not only offer solid returns in an era of ultralow bond yields that doesn’t appear to be ending soon, but also hold the promise of price appreciation. The S&P 500 index’s yield was recently around 1.9%, about even with that of the 10-year U.S. Treasury note—itself a common source of income for retirement savers.
Regards,
Ted
https://www.barrons.com/articles/how-to-generate-income-in-retirement-with-dividend-stocks-51573837865?mod=past_editions

It may be worth noting that concentration and low turnover characterize FAMEX and TGUSX, the latter holding 51% of AUM in its top 10 positions. AKREX has also been very successful with this strategy. 2019 is the first year since the fund opened that there will be any meaningful year-end distribution. The first two funds mentioned also appear to be tax efficient. Another mid-cap fund that shares these characteristics is DFDMX. A wag might venture the thought that the best active management is buying good stocks and holding on for ages.

FYI: Fidelity Investments and T. Rowe Price Group Inc. TROW 0.27% were among the firms that won preliminary regulatory approval to offer a new flavor of exchange-traded fund aimed at reviving investors’ interest in stock-picking managers.
The U.S. Securities and Exchange Commission on Thursday gave a green light to the firms’ plans, along with those submitted by Natixis Investment Managers and Blue Tractor Group, to create ETFs that choose securities without exposing the managers’ trading tactics.
The approvals granted Thursday were years in the making, and come months after upstart Precidian Investments secured a go-ahead for its own active ETF model.
Regards,
Ted
https://www.wsj.com/articles/fidelity-t-rowe-win-preliminary-ok-on-new-stock-picking-etfs-11573775502?mod=md_mf_news

Conestoga Funds Estimated Distributions - Subject to Change:
It has been estimated that the Conestoga Small Cap Fund will pay a long-term distribution of $1.265283 per share and the Conestoga SMid Cap Fund will pay a long-term distribution of $0.234968 per share. There are no estimated short-term distributions at this time for either fund. The record date is December 5th, 2019 and the payable date is December 6th, 2019 for both distributions.
http://www.advisorlaunchpadwebsites.com/0a1681ad-de11-4688-80f9-7aa32b158917/conestoga-smid-cap-fund
PGIM Investments Mutual Funds (new)
https://www.pgim.com/pgim-investments/investments-products/mutual-funds/distributions

https://www.cnbc.com/2019/11/14/the-markets-10-year-run-became-the-best-bull-market-ever-this-month.html
This is now the best bull market ever
The current market boom, which started March 9, 2009, has enjoyed a whopping 468% gain for the S&P 500 through the first day of November, according to The Leuthold Group.
This record-long bull run also marks the best-performing one since World War II, the firm says.
“The most outstanding feature of this cycle since 2008 is always going to be fear,” says Jim Paulsen, chief investment strategist at The Leuthold Group.
Anyone selling/switched to safe equities/bonds yet?

@Simon ah yes forgot about that.... excellent suggestion. I'll also email him. Another fund thats looking great.in risk adjusted terms0 over the last 7 years is FAMEX. David wrote up an analysis of them several.years ago. I was going to see if he could update it.

FAMEX is a really great fund...a slightly better risk profile than my all time favorite PRDGX which I've held for years and has never disappointed. PRDGX has a much lower fee, of course. I have my IRA with T Rowe and I'm going to check if it's a NTF fund there, otherwise it's a $35 fee to buy which would probably put me off. Thanks for the mention. Both funds are Great Owls.
If you are listening T Rowe Price - you need to catch up with the trend and eliminate your commissions on many more mutual funds!

I think the point is that if you want to keep cash at your current brokerage (here, TDA), there may be decent alternatives, depending on the brokerage.
Here's Merrill Edge's list of non-proprietary MMFs they offer:
https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf
GOFXX is on that list, but Merrill makes it available only in "accounts enrolled in an investment advisory program." Other MMFs are available for DIY investors.
These days I don't see much need to keep more than a little cash at one's brokerage (except for IRAs). One can transfer cash in from outside banks via ACH and have it available for trading almost immediately. (Having it available for withdrawal can take a couple more days.)
It's still easy to find banks with APYs going forward of 1.9% or better. CapitalOne, Marcus, Barclays, ...
Just as one looks at the APY at a bank for interest going forward, with MMFs one looks at the 7 day SEC yield rather than what one earned over the past year (TTM).
PCOXX seven day yield: 1.74%
GOFXX seven day yield: 1.59%
AMAXX seven day yield: 1.31%
https://www.federatedinvestors.com/products/mutual-funds/prime-cash-obligations/ws.do
https://www.federatedinvestors.com/products/mutual-funds/govt-obligations/prm.do
https://www.pimco.com/en-us/investments/mutual-funds/government-money-market-fund/a
If I were looking outside my brokerage for a MMF, I'd stick with Vanguard:
VMMXX seven day yield 1.79%. (TTM as of Oct. 31 was 2.33%)
VUSXX (state tax exempt) 1.73%. (TTM 2.23%)
https://investor.vanguard.com/mutual-funds/profile/VMMXX
https://investor.vanguard.com/mutual-funds/profile/VUSXX

Talk about comparing apples to oranges!!
VOO has probably gone up 25% this year.

https://www.sec.gov/Archives/edgar/data/793769/000119312519290896/d815234d497.htm
497 1 d815234d497.htm HARBOR SMALL CAP VALUE OPPORTUNITIES FUND - SUPPLEMENT TO PROSPECTUS
Harbor Domestic Equity Funds
Supplement to Prospectus dated March 1, 2019
Harbor Small Cap Value Opportunities Fund
The Board of Trustees of Harbor Funds (the “Trust”) has determined to liquidate and dissolve the Harbor Small Cap Value Opportunities Fund (the “Fund”). The liquidation of the Fund is expected to occur on December 20, 2019 (the “Liquidation Date”). The liquidation proceeds will be distributed to any remaining shareholders of the Fund on the Liquidation Date.
Shareholders may exchange shares of the Fund for another Harbor fund, or redeem shares out of the Fund, in accordance with the Trust’s exchange and redemption policies as set forth in the Fund’s prospectus, until the Liquidation Date.
In order to ready the Fund for liquidation, the Fund’s portfolio of investments will be transitioned prior to the planned Liquidation Date to one that consists of all or substantially all cash and cash equivalents. As a result, shareholders should no longer expect that the Fund will seek to achieve its investment objective.
Because the Fund will be liquidating, the Fund is now closed to new investors. The Fund will no longer accept additional investments from existing shareholders beginning on December 2, 2019.
November 13, 2019

https://www.forbes.com/sites/michaelfoster/2019/11/12/this-tax-free-51-dividend-is-hiding-in-plain-sight/#41beb1c72cb0
This Tax-Free 5.1% Dividend Is Hiding In Plain Sight
Nmz

FYI: But broad-market index funds are still great investments.
Regards,
Ted
https://www.morningstar.com/articles/956141/sometimes-the-market-is-wrong

I'm thinking as the market currents change so will the fund's sector orientation. TGUNX reminds me of a fund that I was invested in a few years back ... Ivy Asset Strategy, WASAX. When it was a relative small and nimble fund it was able to followed a sector rotation and positioning strategy in short order; but, as it grew in size it became more difficult for it to position and then reposition. Some say it's repositioning one day lead to the flash crash. With this, I sold the fund since it no doubt was left to modify its investment strategy.
I have linked below a Morningstar article that covers the flash crash and WASAX in more detail.
https://www.morningstar.com/articles/356552/our-take-on-ivy-asset-strategys-flash-crash-fallout
Then there was Marketfield (MFLDX). While it was small it indeed was an exciting fund to be invested in before Mainstay bought it. Assets continued to grow and the fund became bloated and inefficient. Old_Skeet then sold his shares as the fund flamed out as Mainstay would not close the fund to new investors.
Below is a link that covers MFLDX's flame out.
https://www.barrons.com/articles/what-happend-with-alts-flame-out-mainstay-marketfield-1473949171
Perhaps, the managers of TGUNX will govern with better wisdom than the managers of WASAX and MFLDX did.
No doubt ... time will tell.

according to Super Safe Dividends ( great dividend site) MAC yields 10% but pays out 80% of FFO in dividend and has a debt to EBITDA ratio of over 9.
"During the financial crisis, MAC's sales were down -11.9%, which was about average performance at the time and indicates the company has some sensitivity to the economy. MAC was ultimately forced to cut its dividend and appears to be somewhat sensitive to the economy.
In addition to slashing its dividend, MAC's stock plunged -91% during the Great Recession while the S&P 500 lost 55% from peak to trough between 2007 and 2009"
No Thanks

FYI: Followers of real estate stocks know about a website called Dead Malls, dedicated to chronicling abandoned U.S. malls, most but not all of them in the Midwest. And everyone knows that Amazon is taking a toll on large parts of bricks-and-mortar retailing.
Regards,
Ted
https://www.barrons.com/articles/not-every-mall-is-dying-investors-see-value-in-retail-landlord-51573556400?refsec=funds

FYI: Expenses and glide path are just two factors that investors should consider.
Regards,
Ted
https://www.morningstar.com/articles/954610/how-to-choose-a-target-date-fund

The author of the link=https://www.barrons.com/articles/bond-funds-yields-treasurys-pimco-junk-duration-51573230142?refsec=bonds
Is comparing PIMIX=Multisector fund to Investment Grade funds which is not correct.
MS funds (IOFIX,JMSIX) + HY (ARTFX) + EIFAX (bank loans) are up in Nov and the first 3 funds are also doing much better YTD.

PIMIX lost its mojo since early 2018. In 2019 PIMIX managers continue to make fatal mistakes which put its performance in the bottom 10% for YTD until several weeks ago. The managers finally got it right (about rising rates) but it still ranks in the bottom 20%. I think its best days are over, PIMIX may still be an above-average fund
but not in the top 10%. PIMIX was my biggest % fund for years (40-50% and more) and the easiest fund to hold. In the last year I have been using JMSIX,EIXIX and IOFIX instead.