* FD: "Why would any reasonable retiree go for a long term of 3% performance for their whole taxable account?"
FD, my statement above was: "I have generally wanted funds in my taxable account, with an average total return history of over 3%." Some funds in my taxable account have a total return history (at least 5 years) of close to 5%, some have a total return history of close to 4%, and some have a total return history of a little over 3%. BTMIX and DBLSX had a 2019 performance of over 3% (the only year I owned them, but there longer term history is not as good as other funds in my taxable account, and I am not counting on them to exceed a TR of over 3% going forward, so I am considering replacing them.
Secondly, I would request that you not engage in criticizing, or questioning, any poster on this thread, including me. Each investor has their own personal reasons for why they hold certain bond oefs, and it is not my place to tell anyone they are doing anything wrong, or that they are somehow not a good investor because they pick funds different than I pick. I would like to request you follow that principle in your commentary on this thread, and cease being critical of what others are doing. I
* FD1000,
So now you are stalking DT on this board too?
Let me give you some advice, if you continue to harass someone who is not interested in your “advice”, you are setting yourself up for possible legal action against you. He could very easily get an OP (order of protection) to prevent you from communicating with him in any way.
You need to be aware of what you are doing...
WealthTrack interview with Ed Hyman forecasting a positive 2020 outlook I can't hear the video so someone else will have to provide color. Apparently Mr. Hyman has an enviable record as the #
1 Wall Street economist.
Positive 2020
* dtconroe: I have held BTMIX for all of 2019, and it had a good year, but it averages below 3% total return over its history. I have generally wanted funds in my taxable account, with an average total return history of over 3%. Both BTMIX and DBLSX can have TR years of over 3%, but they usually revert back to their "safe" but lower TR. I have held NVHAX periodically in the past, but it is more volatile and risky than BTMIX"
FD:Looking at short-term duration Muni funds NVHAX,BTMIX,VMPAX,ORSTX. For 3 year performance, Portfolio Visualizer (link) shows that NVHAX performance is 2-3 times better and it's SD=1.5 was worth it and why NVHAX Sharpe ratio + Sortino are much better.
dtconroe: I have already stated the "reason" why we are looking at very conservative bond oef funds for my wife's IRA."
FD: My post was about your use of BTMIX in a taxable account per your post earlier.
BTMIX had a good year? YTD it made only 3.96% while NVHAX made 7.65% and many inter-term Muni made over 10%.
Why would any reasonable retiree go for a long term of 3% performance for their whole taxable account?
* ZEOIX has been on my wish list since 20
14 when I wanted to find a low risk fund with similar risk-reward characteristics as the closed RPHYX. David did a nice review of ZEOIX back then and I know he has talked highly of it in interviews. Problem for me is that one of my buy criteria is not to pay a transfer fee for any fund. Alas, at Schwab and TRP where the bulk of my money sits there is that fee. I check periodically on my Schwab account to see if that has changed but it has not.
For those interested, Zeo Capital Advisers has started another low risk credit fund with similar objectives and style to ZEOIX. It is called Zeo sustainable credit fund, ZSRIX.
https://www.zeo.com/strategy/
Master Stockpicker Peter Lynch: If You Only Invest in an Index, You’ll Never Beat It I am grateful for learning about mutual thrifts from reading one of Peter Lynch's books many years ago. He listed a large number of these thrifts (usually savings and loans) in his book. I was also able to identify around 100 more on my own, and as a result I went on a mission of becoming a depositor/part owner of several thrifts that eventually went public, offering their depositors the opportunity to participate in their IPOs. I never lost money on any of these IPOs. Thank you, Peter Lynch. (Unfortunately, this game has essentially run its course now that only a handful have not gone public.)
FPA Launches FPA Flexible Fixed Income Fund I have watched FPFIX since inception. It is available through Schwab for $100k in taxable accounts, but you can get it for $5000 in IRAs. It is a nontraditional bond oef, and is from a company that has a heavy emphasis on "absolute" return objectives. The ER is pretty much in line with most nontraditional bond oefs, although higher than I would prefer to pay. I would prefer a nontraditional bond oef that pays a little higher yield, but it is a little too early in its history to draw too many conclusions about how this fund will perform. For me, I will wait and watch, and form my opinions a little later, after I have seen more performance to evaluate.
* Unless you own higher % in stocks I don't see the reason to own very low SD bond funds. The following is a simple example based on several funds mentioned in this thread.
Looking at short-term duration Muni funds NVHAX,BTMIX,VMPAX,ORSTX. For 3 year performance, Portfolio Visualizer (
link) shows that NVHAX performance is 2-3 times better and it's SD=
1.5 was worth it and why NVHAX Sharpe ratio + Sortino are much better.
