Same here. I'll be 64 tomorrow. Age, yes. Though I want to stay mostly in equities, while still collecting monthlies from my bond funds, because wifey is just 45, yet. And I get quarterlies from one or two, still. I let go of SFGIX because it wasn't producing--- regardless of age or anything else... Oops, 28th July, just past midnight in the East.

@little5bee,
Wow, you have now gone completely off the rails, so if you're somehow incapable of engaging substantively or even owning your erroneous whattabout cheapshots, fine, just don't post it. Benghazi, Whitewater indeed. smh

Damn. I closed the wrong page. Had part of a contribution erased. Here we go again: SOURCES: How about well-known George Will? He has my respect and admiration. Thoughtful, intelligent. Even though I most often disagree with him, apart from his writings about baseball. I want to mention William F. Buckley, but he's passed on. And G. Will raised a disabled son together with his wife. THAT takes BIG balls.
https://www.washingtonpost.com/opinions/this-sad-embarrassing-wreck-of-a-man/2018/07/17/d06de8ea-89e8-11e8-a345-a1bf7847b375_story.html?utm_term=.ec9c2cd14c1c

Seriously, Crash?

No. Not seriously. I was being sarcastic, with a reference made by S. Bee in the video-clip. Anyhow, there's already enough dirt on President Pussy-grabber. And these statistics still are shocking:
"Overall, 54% of women voted for Clinton, much higher than the 42% of women who voted for Trump. But when the women’s vote is divided by race, it becomes clear that black women actually largely drove the so-called gender gap against Trump. The majority of non-college educated white women (64%) voted for Trump.

@little5bee
But the base remains diehard loyalists and the thing is so what if the economy is doing well? Economies have done well under other corrupt regimes. It doesn't paper over every other sin, and there is no real historical equivalent--certainly not the Clintons--with this kind of behavior. If the Clintons or Obama had behaved in this way during their tenure with this Congress they would not only have been impeached. They would be in jail right now.

@Lewis Braham "so what if the economy is doing well"? I'll be sure to ask this question to my stepson...but he may be too busy to answer right now with all of the overtime he's working, as well as his parental duties of supporting a wife and 3 children under the age of 6...two of whom are autistic. But even better would be for you to deliver your lecture in person to his co-workers...I'm sure it would be enlightening for all parties involved.
As far as false equivalency, would that be like the "diehard loyalists" on the Democrat side comparing Trump to Hitler?
Whitewater, Travelgate, Lewinsky, Troopergate, Clinton Foundation and misappropriation of funds, Benghazi, Bill giving speeches while Hill was Secretary of State...conflict of interest.

https://www.sec.gov/Archives/edgar/data/1047112/000139834418010656/fp0034773_497.htm
As previously communicated to shareholders in a supplement dated May 25, 2018, and an information statement/prospectus dated July 2, 2018, the reorganization of the Marsico Flexible Capital Fund (or “Acquired Fund”) with and into the Marsico Global Fund (or “Surviving Fund”) (the “Reorganization”) is expected to take place on or about August 3, 2018.
Regarding the Flexible Capital Fund/Acquired Fund, on August 1, 2018, in anticipation of the Reorganization, the Flexible Capital Fund/Acquired Fund expects to make a distribution to its shareholders who are holders of record as of July 31, 2018, which will have the effect of distributing to its shareholders all of the Flexible Capital Fund’s/Acquired Fund’s investment company taxable income, if any, for the taxable period ending on or about August 3, 2018 (computed without regard to any deduction for dividends paid) and all of its net capital gains, if any, realized in the taxable period ending on or about August 3, 2018 (after reduction for any available capital loss carry forwards). Such distributions may be included in the taxable income of Flexible Capital Fund/Acquired Fund shareholders, depending on a shareholder’s tax status. Please refer to the Marsico Funds’ website for additional information concerning the distribution.
Regarding the Global Fund/Surviving Fund, Marsico Capital Management, LLC (“MCM”), the Funds’ investment adviser, has entered into an expense limitation agreement with the Fund in which MCM has agreed to reduce the current contractual net expense cap for the Fund by 5 basis points from 1.50% to 1.45% upon the closing of the Reorganization at least through September 30, 2019...

The fund's already gone through minor (no pun intended) tweaks. I believe it started out as Gold and Precious Metals. From its 1994 prospectus:

The Gold & Precious Metals Portfolio invests in the equity securities of
foreign and domestic companies engaged in the exploration, mining,
fabrication, processing, or marketing and distribution of gold, silver,
platinum, diamonds or other precious and rare metals and minerals. The
Portfolio may also invest up to 20% of its assets directly in gold,
silver or other precious metal bullion and coins.

https://www.sec.gov/Archives/edgar/data/734383/0000893220-94-000267.txt
In May 2001, it changed from a diversified fund to a nondiversified fund:
https://www.sec.gov/Archives/edgar/data/734383/000093247101500144/precmetals523.txt
Apparently at or near the same time, it dropped the "Gold" from its name, becoming simply Precious Metals,. The next change came May 24, 2004. Mining was added to the name, and mining stocks played a bigger role in the portfolio:

FUND TO REOPEN WITH BROADER INVESTMENT MANDATE AND NEW NAME
Effective on or about May 24, 2004, Vanguard Precious Metals Fund will reopen to
investors with a broader investment mandate and a new name.
The board of trustees has decided to expand the fund's investment mandate.
On the effective date of this change, the fund will invest at least 80% of its
assets in the stocks of foreign and U.S. companies principally engaged in the
exploration, mining, development, fabrication, processing, marketing, or
distribution of (or other activities related to) metals or minerals. The
majority of these companies will be principally engaged in activities related to
gold, silver, platinum, diamonds, or other precious and rare metals or minerals.
The remaining companies will be principally engaged in activities related to
nickel, copper, zinc, or other base and common metals or minerals.
The board of trustees acted in response to the increasing concentration of
the metals and minerals industries, a trend that limited the options available
to the fund's investment advisor. The decline in the number of precious metals
issues on the market, combined with the advisor's stringent quality criteria,
made it difficult to keep the portfolio fully invested while maintaining the
overall quality and diversity of its holdings. The trustees therefore decided to
broaden the range of stocks in which the fund can invest while adhering to its
traditional investment strategies.

https://www.sec.gov/Archives/edgar/data/734383/000093247104000482/precious032004.txt
I have no idea what Vanguard is trying to do with this latest change. Investing in companies/industries with declining CAPEX sounds like investing in cash cows. That's an income play, the opposite of what I'd expect from a fund that will continue to keep over 25% in precious metals and mining.
I'm confused.

They sure need to change something. :)
Currently the top 10 holdings all appear to be miners and make up over 40% of the fund’s investments. The fund lags most other mining funds for 1 & 5 years. Admittedly, mining hasn’t been a great place to be over that time. The 0.36% ER is low. But, for whatever reason, resource funds generally have lower ERs than might be expected.
Couldn’t tell from the blurb exactly what they intend to change besides the name. Would guess they’ll move more to an infrastructure approach while retaining a sizable exposure to the miners. With a mandate like “infrastructure” the door is pretty much wide open to a variety of investments. Price used to include financials in their old infrastructure fund. The idea was that if a company loaned money to infrastructure companies or projects it belonged in an infrastructure fund. (TRP closed the fund in 2014, merging it into their Real Assets fund, PRAFX.)

https://www.sec.gov/Archives/edgar/data/734383/000093247118006377/globalcapitalcycles485a.htm
Investor Shares
Vanguard Global Capital Cycles Fund Investor Shares (VGPMX)*
(*Formerly known as Vanguard Precious Metals and Mining Fund)

https://www.sec.gov/Archives/edgar/data/751173/000119312518228850/d566740d497.htm
497 1 d566740d497.htm MANNING & NAPIER FUND, INC.
MANNING & NAPIER FUND, INC.
(the “Fund”)
Supplement dated July 27, 2018 to the Prospectus, Summary Prospectus and Statement of Additional Information (“SAI”) dated May 1, 2018 for the following Series and Classes of the Fund:
Strategic Income Conservative Series (the “Series”)
Class I and S
This supplement provides new and additional information beyond that contained in the Prospectus, Summary Prospectus, and Statement of Additional Information, and should be read in conjunction with those documents.
The Board of Directors of the Fund has voted to terminate the offering of shares of the Strategic Income Conservative Series and instructed the officers of the Fund to take all steps necessary to completely liquidate the Series. Accordingly, effective immediately, the Series will be closed to new investors. Effective August 31, 2018, the Series will stop selling its shares to existing shareholders and will no longer accept automatic investments from existing shareholders.
The Series will redeem all of its outstanding shares on or about September 27, 2018 and distribute the proceeds to the Series’ shareholders (subject to maintenance of appropriate reserves for liquidation and other expenses).
As is the case with other redemptions, each shareholder’s redemption, including a mandatory redemption, will constitute a taxable disposition of shares for those shareholders who do not hold their shares through tax-advantaged plans. Shareholders should contact their tax advisors to discuss the potential income tax consequences of the liquidation.
As shareholders redeem shares of the Series between the date of this supplement and the date of the final redemption, and as the Series increases its cash positions to facilitate redemptions, the Series may not be able to continue to invest its assets in accordance with its stated investment policies. Accordingly, the Series may not be able to achieve its investment objectives during the period between the date of this supplement and the date of the final redemption.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

https://www.sec.gov/Archives/edgar/data/809707/000080970718000027/fist1convertiblesoftclose072.htm
FIST1 P1 07/18
SUPPLEMENT DATED JULY 27, 2018
TO THE PROSPECTUS DATED MARCH 1, 2018
OF
FRANKLIN INVESTORS SECURITIES TRUST
(Franklin Convertible Securities Fund)
The prospectus is amended as follows:
I. The following paragraph is added to the “Fund Summary” and “Fund Details” sections for the Franklin Convertible Securities Fund to read:
Effective at the close of market (1:00 p.m. Pacific time or the close of the New York Stock Exchange, whichever is earlier) on August 29, 2018, the Fund will be closed to new investors. Existing investors who had an open and funded account on August 29, 2018 can continue to invest through exchanges and additional purchases. The following categories of investors can continue to open new accounts in the Fund: (1) clients of discretionary investment allocation programs where such programs had investments in the Fund prior to the close of market on August 29, 2018; (2) employer sponsored retirement plans or benefit plans and their participants where the Fund was available to participants in such plans prior to the close of market on August 29, 2018; (3) employer sponsored retirement plans or benefit plans that approved the Fund as an investment option prior to the close of market on August 29, 2018, but that have not opened an account as of that date, provided that the initial account is opened with the Fund on or prior to February 28, 2019; (4) other Franklin Templeton Funds and Funds for which Franklin Templeton investment managers provide advisory or sub-advisory services upon prior approval by the Fund’s investment manager; (5) trustees and officers of the Trust; and (6) members of the Fund’s portfolio management team. The Fund may restrict, reject or cancel any purchase order, including an exchange request, and reserves the right to modify this policy at any time.
Please retain this supplement with your prospectus for future reference.

@bee, thanks for the update. This is only the early phase of tariffs and the impacts are felt across the board. Next is the threat of $500B tariffs.
With respect to the theft of intellectual property, this has been an on-going issue for a long time particularly with China. In addition, US government failed to have a comprehensive and consistent policy governing these matters and enforcement though the World Trade Organization. Companies are also to blame as well as they are so willing to compromise their own intellectual properties just to gain access to those countries who don't respect or enforce intellectual property. Below is a case of IBM for sharing the computer codes with Russia that enable them to hack the West.
https://reuters.com/article/us-usa-russia-tech-insight/under-pressure-western-tech-firms-bow-to-russian-demands-to-share-cyber-secrets-idUSKBN19E0XB
The ZTE case you pointed out is just disappointing all around.

@little5bee

Exactly how I felt/feel about the Clintons. Yet despite his many faults, the economy boomed under Clinton

Will the false moral equivalencies and whataboutism between Trump and the Clintons ever end? During the Nixon era, Republican politicians finally turned against the president when they realized the evidence of corruption was too great and they decided to put country before party, but not today:

There are a handful of Republicans who represent the intellectual base of true conservatism like David Frum and Bill Kristol who recognize the threat he really poses to our democratic institutions: https://nytimes.com/2018/05/24/us/politics/republicans-democrats-coalition-trump.html
But the base remains diehard loyalists and the thing is so what if the economy is doing well? Economies have done well under other corrupt regimes. It doesn't paper over every other sin, and there is no real historical equivalent--certainly not the Clintons--with this kind of behavior. If the Clintons or Obama had behaved in this way during their tenure with this Congress they would not only have been impeached. They would be in jail right now.

GISOX pretty damn good vs. benchmark on chart at Morningstar. But compare PRIDX. (But PRIDX is put in GROWTH rather than BLEND, where GISOX is.)
GISOX is not quite 3 years old. YTD +3.15%. ..... PRIDX +3.77%.

@rforno,
I did compare PRCOX to a LCB fund I own (PARWX) which navigated '08 GFC much like PRWCX...down -29%, but then rocketed 62% on '09. PARWX tends to be an all equity fund with 31 holdings at present, half of these identified as Large and Mid Cap Value.
US News isn't kind to the fund ranking it 65th (PRCOX is 18th)
Admitly, PRCOX has out performed PARWX over the last year, but PARWX 3,5, & 10 year are as solid as it gets.

This fund's "year to year growth" over the last 10 years exactly 5 years above and 5 years below the the S&P 500 TR:

But it's trailing returns are much better...beating the S&P 500 TR for all time frames:

https://www.sec.gov/Archives/edgar/data/313212/000031321218000073/emsstatsticker72718-20183.htm
497 1 emsstatsticker72718-20183.htm
T. Rowe Price Emerging Markets Stock Fund
Supplement to Prospectus Dated March 1, 2018
Effective September 4, 2018, the T. Rowe Price Emerging Markets Stock Fund will close to new investors. Accordingly, the prospectus is supplemented as follows.
Under “Purchase and Sale of Fund Shares” on page 6, the following is added:
Effective at the close of the New York Stock Exchange on Tuesday, September 4, 2018, the fund will close to new investors and new accounts, subject to certain exceptions. Investors who already hold shares of the fund at the close of business on September 4, 2018 may continue to purchase additional shares.
On page 11, the information under “More Information About the Fund’s Principal Investment Strategies and Its Risks” is supplemented as follows:
Subject to certain exceptions, the fund will close to new investors and will no longer accept new accounts after the close of the New York Stock Exchange (normally 4 p.m. ET) on Tuesday, September 4, 2018.
After September 4, 2018, purchases will be permitted for participants in an employer-sponsored retirement plan where the fund already serves as an investment option. Additional purchases are permitted for an investor who already holds fund shares in an account directly with T. Rowe Price on September 4, 2018; however, purchases will be limited to that account and the investor may not open another account in the fund. Additional purchases will generally be permitted if you already hold the fund through a financial intermediary on September 4, 2018; however, you should check with the financial intermediary to confirm your eligibility to continue purchasing shares of the fund.
After September 4, 2018, investors will continue to be able to convert from one share class of the fund to a different share class of the fund, provided the investor meets the eligibility criteria for the new share class. New T. Rowe Price IRAs in the fund may be opened only through a direct rollover from an employer-sponsored retirement plan. If permitted by T. Rowe Price, the fund may also be purchased by new investors in intermediary wrap, asset allocation, and other advisory programs when the fund is an existing investment in the intermediary’s program.
The fund’s closure to new investor accounts does not restrict existing shareholders from redeeming shares of the fund. However, any shareholders who redeem all shares of the fund after September 4, 2018, will not be permitted to re-establish the account and purchase shares until the fund is reopened to new investors. Transferring ownership to another party or changing an account registration may restrict the ability to purchase additional shares after the close of the New York Stock Exchange on September 4, 2018.
The fund reserves the right, when in the judgment of T. Rowe Price it is not adverse to the fund’s interests, to permit certain types of investors to open new accounts in the fund, to impose further restrictions, or to close the fund to any additional investments, all without prior notice.
The date of this supplement is July 26, 2018.
F111-041 7/26/18
Institutional fund version closing:
https://www.sec.gov/Archives/edgar/data/852254/000085225418000044/iemstatsticker72718-20184.htm

FYI: (The Linkster has always favored funds with a single manager, you know 'to many cooks", but in this case you've must give the devil its do.) If you manage $28 billion in client money, you may find it hard to beat benchmark indexes because of the sheer scale of investments you must buy.
That’s why some fund-management firms have started “index-plus” funds, which essentially replicate the benchmarks for most of their holdings. The secret sauce is stock selection around the edges in an attempt to outperform the benchmark but, more importantly, never underperform.
T. Rowe Price Group’s TROW, -2.04% version of such a fund is the $720 million T. Rowe Price Capital Opportunity Fund PRCOX, +0.89% overseen by Ann Holcomb and three other portfolio managers. In an interview July 24, she explained that a total of $28 billion is managed, mostly for institutional clients, using the fund’s “index-plus” strategy.
Regards,
Ted
https://www.marketwatch.com/story/these-four-fund-managers-and-30-analysts-figured-out-how-to-consistently-beat-the-sp-500-2018-07-26/print
M* Snapshot PRCOX:
https://www.morningstar.com/funds/xnas/prcox/quote.html
PRCOX Is Ranked #18 In The (LCB) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/large-blend/t-rowe-price-capital-opportunity-fund/prcox

I understand, @little5bee. Go BLUE! ..... And yet, facts are facts. A great deal of my own angst comes from: either some folks are deliberately disregarding facts, or they acknowledge facts, but do not let new facts (information) impact their own understanding. On the other hand, there is Barry Goldwater, after his final luncheon at the White House with Dick Nixon. Goldwater came out to the street to face reporters. And at long last, after a lot of the Watergate mess had already played-out, Goldwater said plainly, on tv, to the whole country, that he told Nixon: "I said to him that the only thing for him left to do was to resign." (paraphrase, there.) Uncle Barry was not afraid of facts, in the end. And he was a Republican. (As opposed to current-day Repugnants.)

Howdy,
There have been problems with international trade FOREVER. Every country protects certain industries in various ways at different times. Geez, we've been subsidizing our sugar industry for ~200 years. This is why you have organizations like the WTO to resolve these ongoing differences.
Ergo, while much of his rationale is true, I disagree with Trumps tactics, which are sort of a "kill 'em all and let God sort 'em out" approach. Whether it develops into an all out trade war or not, doesn't lessen the negative impacts this is having on our economy. Coke just raised prices to cover the aluminum tariff increase.
It is never good when the government intervenes in the economy as it cause distortions and interferes with the functioning of the free market. The steel industry being protected will continue to be fat, lazy and non-competitive. In fact, it will get worse. The jobs created in steel number ~28K while the jobs lost already are pushing 500K. If you want to protect these workers, you Educate them to take other jobs. Find me a coal miner that wouldn't rather be making wind turbines or solar panels.
Oh, and while we're currently blaming Trump, this craps been going on in Washington for decades by BOTH parties with officials so busy lining their pockets and selling us out.
and so it goes,
peace,
rono