Take a look at this chart. You can switch between growth and price. I will miss this when it disappears from M*....
https://quotes.morningstar.com/chart/fund/chart.action?t=tmsrx&dataParams=%7B%22zoomKey%22%3A11%2C%22version%22%3A%22US%22%2C%22showNav%22%3Atrue%2C%22defaultShowName%22%3A%22name%22%2C%22mainSettingId%22%3A%22main%22%2C%22navSettingId%22%3A%22nav%22%2C%22benchmarkSettingId%22%3A%22benchmark%22%2C%22sliderBgSettingId%22%3A%22sliderBg%22%2C%22volumeSettingId%22%3A%22volume%22%2C%22defaultBenchmark%22%3Afalse%2C%22id%22%3A%22F00000Z2SL%7CFOUSA00EKJ%22%2C%22type%22%3A%22FO%7CFO%22%2C%22region%22%3A%22USA%22%2C%22name%22%3A%22XNAS%3ATMSRX%7CXNAS%3ARPSIX%22%2C%22baseCurrency%22%3A%22USD%22%2C%22defaultBenchmarks%22%3A%5B%22%22%2C%22%22%5D%2C%22chartType%22%3A%22growth%22%2C%22startDay%22%3A%2207%2F01%2F2018%22%2C%22endDay%22%3A%2212%2F31%2F2018%22%2C%22chartWidth%22%3A955%2C%22SMA%22%3A%5B%5D%7D

@MJG
You penned: "Daily or weekly reviews of a portfolio’s value is a Loser’s Game."
My oh my; quite the rigid statement suggesting an inability of someone not being capable of a combination of emotional, intellectual or intuitive decision making regarding their portfolio.
Simply observing weekly portfolio/other market data does not impel or compel someone to take any actions; but can be part of a meaningful learning and study habit. Malcolm Gladwell would likely agree, yes?
As to those who would do harm to their portfolio from weekly observation of same or market data; I suggest these same folks are not yet fully developed to understand their nature. This further suggests these same folks would have some difficulties with other aspects of their live's and decision making. Of course, these folks exist; and may be observed by simply driving on the roads among them and observing their driving habits.
Living in Michigan, where I have experienced the weather extremes of a 120 degree heat index to a -45 degree wind chill factor; if I didn't pay attention to at least the weekly weather forecast, I would be ill prepared to have any sort of plan for anything I may want or be able to do.
I have reviewed the daily and forward weather forecast and discovered I am able to properly position my "work portfolio".
Lastly, we reviewed our portfolio and other market data on Saturday, as is the norm; and I am able to report that no harm has taken place within our investment portfolio.
Regards,
Catch

Hi Hank,
I’ve never been fast, but I am persistent. Why not make the comparison by doing it in several easy steps, one for each fund? Make several visits to Fidelity:
https://fundresearch.fidelity.com/mutual-funds/summary/77958R100
Plenty of info is available with a little effort. Good searching!
Best Wishes

Americans are no more likely to collect the “Freedom Dividend” than they are to win the next Mega Millions lottery jackpot,

I wonder if journalists said the same thing about Social Security before it existed. All the Freedom Dividend is is Social Security for everyone. Indeed, for Americans over 65 the Freedom Dividend already exists.

Hmmm ... A review of recent threads:
“Big trouble ...”
“Where to hide ...”
“How this bull market will end ...”
“Bond Market’s Dot Com Moment...”
“S&P 8X more likely to drop 5% in a month ...”
“Saving ourselves ...”
“... take shelter from stock market storms”
“Dodging the dangers of dividend stocks ...”
-
Time to go pour myself a drink. :)

Once again we see context insensitive data masquerading as something applicable to now.

Specifically, based on Trefis analysis of many decades of data:
There is overall about 8% chance that S&P 500 will drop by -5% or more, over 20 trading days (roughly a month)
There is ONLY about 1% chance that S&P 500 will rise by 10% or more, over 20 trading days (roughly a month)

Does one really need machine learning to count the number of rolling 20 trading day periods where the market goes up 10% or drops by -5% (drops by a negative amount)? But I digress.
This generic observation applies just as much to June 2009 as to July 2019. But the contexts are very different. This result does not apply specifically to now, despite the text of the article saying that "over the next month, the S&P is roughly 8x more likely" to lose 10% than rise 5%."
Look carefully at the numbers - of course the market is much more likely to move 5% (in either direction even given an upward bias) over a month than it is likely it is to move 10%. What is this headline telling you that you don't already know?

Hi Hank,
Unlike you, I do know a few folks who are uncomfortable if they do not make very frequent trades. Sometimes even a few trades every day. Unlike them, I do follow a strategy vey similar to yours. I make very few trades each year.
What motivates each market participant varies greatly. Each of us have different goals, knowledge, and disciplines. Here is a Link to a paper that attempts a very general explanation:
http://www.newtraderu.com/2017/05/31/battle-temptation-overtrade/
I am fortunate enough to successfully overcome the temptation to trade often. I suspect that temptation would be a greater challenge to resist if I viewed market shows on a daily basis. I do not do so. I find these presentations rather boring.
Thanks for your insightful and helpful submittal.
Best Wishes

@JohnN: You are 0-2, one more strike and your out. I linked this item twice, as text and the other a video. This could all be avoid if you took a little time to see what has already been linked. The MFO Search Box can help !
Regards,
Ted
Text:
https://www.mutualfundobserver.com/discuss/discussion/51885/meet-the-11-ordinary-twenty-somethings-with-250-billion-riding-on-their-lives#latest
Video:
https://www.mutualfundobserver.com/discuss/discussion/51916/the-spy-kids-with-250-billion-riding-on-their-lives-legal-structure-quirk-video-presentation#latest

FYI: Bond investors tend to fixate on worst-case scenarios, and that has been the case in the past two weeks. Bonds rallied and yields tumbled around the world, with holders of 30-year U.S. Treasury bonds earning a supersize (for bonds) 8.4% on their money over 10 trading sessions.
Run-of-the-mill worries about corporate profits or tighter monetary policy can’t be blamed for the latest gyrations, which sent 10-year Treasury yields as low as 1.6% Wednesday, especially as three Asian central banks announced surprise rate cuts this past week. Something else is gnawing at the market—fears of a looming recession, perhaps, or an escalation of the trade spat between the U.S. and China, or even a Chinese military response to the weeks-long protests in Hong Kong that could spark a regional conflict and draw in other countries. Global markets are “expecting Armageddon,” as one trader wrote in a note to clients on Wednesday.
Regards,
Ted
https://www.barrons.com/articles/the-bond-market-smells-big-trouble-where-to-hide-51565399138?mod=past_editions
M* Snapshot FGMNX:
https://www.morningstar.com/funds/xnas/fgmnx/quote
M* Snapshot VFIIX:
https://www.morningstar.com/funds/xnas/vfiix/quote

FYI: Yields on cash and money-market funds have fallen lately as the Federal Reserve cut interest rates. But Fidelity appears to be bucking the trend, at least temporarily.
Fidelity caused a stir on Wednesday with an announcement that the firm “has challenged conventional industry practices” by automatically defaulting brokerage customers into a government money-market fund yielding 1.9%.
Fidelity didn’t actually reveal anything new with the announcement (triggering some angry responses from advisors on Twitter). The firm has defaulted nonretirement accounts into Fidelity Government Money-Market fund (ticker: SPAXX) since the third quarter of 2015. New retail retirement accounts made the switch in May, 2019. Advisors who custody with Fidelity are still defaulted into F-Cash, rather than the money-market fund.
Regards,
Ted
https://www.barrons.com/articles/fidelity-sweep-accounts-cash-rates-federal-reserve-schwab-merrill-lynch-vanguard-etrade-51565291732?refsec=funds

Machine Learning Engine Says S&P 500 Is 8 Times More Likely To Drop 5% In A Month Than To Rise 10%
https://www.forbes.com/sites/greatspeculations/2019/08/09/60-years-of-raw-data-say-sp-500-is-8-times-more-likely-to-drop-5-in-a-month-than-to-rise-10/#7410a5f27958
Did you know if you’re investing in S&P 500, over the next month it’s roughly 8 times more likely you’ll lose 5% or more, than rack up gains greater than 10%?
Specifically, based on Trefis analysis of many decades of data:
... Anyone think going short for next 30days?

https://www.journalnow.com/business/the-hunt-for-yield/article_5fc7b62b-fae5-5a40-8de4-adcd2d11e5eb.html
The hunt for yield
I’ve got an investment idea for you. How about you loan me money and 10 years from now I will give your money back, less than one-half percent per year. But, no worries, it’s guaranteed. You will lose exactly one-half percent per year: no more, no less.
Anyone has DSL in their portfolio
Thx

8 Top Stocks From the World's Largest Hedge Fund
https://money.usnews.com/investing/stock-market-news/slideshows/top-stocks-from-the-worlds-largest-hedge-fund?slide=5
Ray Dalio’s Bridgewater Associates is the largest hedge fund in the world with more than $160 billion in assets, and its Pure Alpha fund has averaged an annual gain of about 12% since 1991 and has logged just three down years in that stretch. Thanks to quarterly 13-F filings, any investor can track Dalio’s latest moves.
Here are Bridgewater’s eight largest stock holdings.
1. Biogen (ticker: BIIB). Biogen develops drugs for treatment of cancer and inflammatory diseases, and its multiple sclerosis business holds about an 18% share of the $18 billion global market. Dalio owns 240,378 shares of BIIB stock worth about $56.8 million.
2. Bristol-Myers Squibb Co. (BMY). Dalio started accumulating his stake in Bristol-Myers in the second quarter of 2018 but raised his stake by 78% in the first quarter to 989,293 shares worth about $47.2 million. Investors emulating Dalio should be buying Bristol-Myers on the dip after the stock dropped 22.2% in the past year in part on concerns about opioid litigation. – Wayne Duggan
Biogen (BIIB)
Bristol-Myers Squibb Co. (BMY)
Alliance Data Systems (ADS)
Eastman Chemical Co. (EMN)
United Rentals (URI)
Macy’s (M)
Nucor Corp. (NUE)
Royal Bank of Canada (RY)

@johnN said:

so what is the best plans? buy all these vehicles?

There is a saying a carpenter told me about 15 years ago when he was helping my wife and I build our first retirement home. It goes "Its kind of hard saying without really knowing." A decade is a long time. So, that saying pretty well answers Mark Hulbert's question about the single best investment for that period of time. Having said that, I would pick my largest portfolio holding, RPGAX, to answer the question. It has a broad multi-asset mandate, a fair amount of investment flexibility, and a top notch management team. That seems like a good mix for facing all the unknowns a decade's worth of crystal ball gazing brings to mind. Thinking more short term and small scale with a "Its A Low Interest Rate World" frame of reference, I just took a small, speculative nibble at MNR a few days ago.

OREAX tops FRIFX at: 1, 5 and 10 years (per Lipper). I wasn’t touting the fund, just commenting on the asset class overall. As you might recall, I have no brokerage accounts, Just some money directly with a few houses. Actually, now that Oppenheimer has been taken over by Invesco it appears my investment options have broadened quite a bit.

yes, my bad, I shoulda stuck w FRESX only

@hank You commented...

I’ll say I continue to be amazed by the performance of real estate funds. Maintain a small “nibble” in OREAX - and the danged thing is up 19% YTD (20% after today) - following on the heels of several other good years. I keep expecting it to fall off a cliff - but hasn’t yet.

It looks like OREAX lost about 6% in 2018 when there was increased concern about rising interest rates. That concern has faded this year. Maybe REITS will continue to make sense as long as we remain in a low interest rate world.....

@davfor - Thanks for the dose of reality. I’d overlooked the nasty 2018 swoon in many markets. Also, I tend to use Price’s TRREX interchangeably with Oppenheimer’s OREAX. Nothing to do with which is better - but dictated more by logistics, since I invest directly with both companies. Looks like on March 6 of this year I shifted 100% from TRREX to OREAX (by moving funds around at each house).
Wish I hadn’t deleted my running list of exchanges from about 5-6 years ago. However, I did buy into OREAX (umm ... maybe 2012 or 2013) after it had sustained a nasty licking. Was really in the cellar at the time. Yes - the falling rates have helped REITS. Personally I suspect they’re overvalued - but sticking to my normal allocation is the plan. You never can call the markets exactly right.
Regards

Pardon me if I’m wrong. But isn’t that the reason we buy mutual funds? To hire someone else to do our investing for us? I don’t know if I’d be any good at investing or not. Never bought or sold an individual stock or bond. I do know that some fund managers are better than others and some fund houses run a better shop than some others.
I’ve been in and out of more fund houses in my near 50 years in the markets than I care to think about. Some that failed to satisfy me for one reason or another: Franklin/Templeton, Strong Funds, American Century, Calimos, TIAA-Creff, Hussman, Gateway, James Funds, Janus, Delaware, and most recently Oakmark.
The company I trust most to do it right and to do it with integrity is T. Rowe Price. However, Dodge & Cox is also a favorite.

OREAX tops FRIFX at: 1, 5 and 10 years (per Lipper). I wasn’t touting the fund, just commenting on the asset class overall. As you might recall, I have no brokerage accounts, Just some money directly with a few houses. Actually, now that Oppenheimer has been taken over by Invesco it appears my investment options have broadened quite a bit.

SPAXX is classified as a government MMF, meaning that it invests in government securities and is considered safe enough by the SEC that it is not required to impose redemption fees and/or redemption gates (freezes on withdrawals) in times of stress.
https://www.schwabfunds.com/public/file/P-8077046
But it is not a Treasury fund. Last year only 56.16% of its income came from government securities such as Treasuries that are state tax exempt. Note that if that figure drops below 50%, then none of its income will be exempt from taxes in Calif., NY, or Conn.
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/taxes/2018-gse.pdf
Fidelity's Treasury Only MMF (100% Treasuries) is FDLXX with a 7 day yield of 1.82% (7/31/19). Fidelity also has a "Treasury" MMF, FZFXX, with a 7 day yield of 2.01% (7/31/19). But only 40.06% of income from this fund came from Treasuries and other state-exempt securities last year. So none of its income was exempt from state taxes in Calif., NY, or Conn.

@Ted. Thanks for the link. Nice to know you’re “on the job.”
@Edmund - I agree with everything you said. Not recommending longer term bonds. I’m saying very few investors need the absolute, concrete, never-wavering NAV that money market mutual funds provide. The SEC mandated reforms following the ‘07-‘09 fiasco pretty much neutered these vehicles. They’re now so constrained as to what they can invest in that one might as well deposit the funds in a FDIC insured bank account.
Well-run ultra-short, TRBUX, is an excellent example of a “near cash instrument” to which you refer. It should net about 1% better over time than a money market fund with very minimal price fluctuation. It’s so stable you can use it as a checking account (I do). The other one I suggested, DODIX, is more volatile. Expect to lose 2-4% in the occasional off-year. But these are pretty smart investors (at D&C). They offer no money market fund and are not into taking big risks with this one. Not stable enough to write checks against, but very stable compared to most anything else in the investment universe. Personally, I maintain about a 50/50 blend of the two mentioned funds in my “cash” portfolio.
OK - 90 year old widows probably shouldn’t be taking any degree of risk with their cash stash. But for most of us there are better alternatives to money market funds.