Fidelity continues to stand out as the best HSA for investing
More Here

Rarely mentioned in articles like this (or political commentary/speeches) is that the vast majority of people who take dividends and capgains will not be affected -- it's only targeted at those making $1M or more per year, but lots of pundits and commentators omit that part to make it sound worse and/or more widespread than it is.

two hats, one personal and the other for a non-profit organization..Fiduciary concerns with the non-profit.....
In an ideal world, you'd be able to get at least decent returns on CDs and bond funds. I too have researched VLAAX and think that's a great choice. Both stocks and bonds in that one. I understand the hesitancy about putting non-profit money into the Market. And there are no gov't guarantees. I'm thinking that you might need to be concerned more about either growth or yield. Or maybe you'd be happy with middling performance in both respects? DODIX comes to mind. Rock solid, over decades. Having a good year in 2020, if that's any kind of indicator. Its portfolio (per Morningstar) is about 90% investment-grade paper. Another hybrid which has not yet been mentioned is BRUFX. Only 15% turnover there. (PRWCX is closed.)

@msf and some others including FD1k have posted solid thoughts about this area, the former in particular giving lists of current CD links and similar
BUT ... if you really have enough for current cashflow (plus some years of equivalent savings, or maybe that is taken into account), then I would do what I am doing, so to speak: wait for future dips and DCA back into all equities.
I intend to do VONE and CAPE 40-40 w some aggressive Akres ETFs, and pray that the overpriced market does not simply keep chugging upward ...
(I ruled out VONG, since as everyone knows the tech big six have carried the day for this year and longer)
If my take is too rich, then DCA into VLAAX, VALIX, JABAX, and/or FPURX.

I wonder why Mondrian (financial parent of Rothko) started a second EM fund when it had been running MPEMX for several years. MPEMX is hardly a great fund, but it still managed to outperform the soon to be liquidated Rothko. Over RKEMX's lifetime (12/18/2018 to present, i.e. 10/15/2020), it returned a cumulative 2% (!), vs MPEMX's cumulative return of 19.46%. That in turn was a tad (2/3%) under the category average.
I never really "got" Rothko. Mondrian is more to my liking. Though in art as in investing, what one prefers can be a matter of personal taste.

The energy sector is taking a beating and down 40% YTD and the economy has recovered somewhat but far from the leve prior to the pandemic. The second wave of COVID cases as Dr. Fauci called it, has reached Europe and rising fast. Same is happening in US as the winter approaches. Patience is what it takes to invest for the next 12+ month for energy stocks and funds.

I guess it depends on the situation. Google: What Happens to Stocks and Bonds When the Fed Raises Rates? by the awealthofcommonsense guys. Some heavy losses '71-81 in 20 year bonds when the Fed rose. No data for the intermediate bonds.

Fund sucks but great artist:

https://www.sec.gov/Archives/edgar/data/814679/000168386320013977/f7248d1.htm
497 1 f7248d1.htm 497
ADVANCED SERIES TRUST
AST Goldman Sachs Global Income Portfolio
Supplement dated October 16, 2020
to the Currently Effective Summary Prospectus, Prospectus and Statement of Additional Information
This supplement should be read in conjunction with the currently effective Advanced Series Trust (the Trust) Prospectus and Statement of Additional Information (SAI), and the Summary Prospectus for the AST Goldman Sachs Global Income Portfolio (the Portfolio or the Target Portfolio). The Portfolio discussed in this supplement may not be available under your variable contract. For more information about the portfolios available under your variable contract, please refer to your contract prospectus. Defined terms used herein and not otherwise defined shall have the meanings given to them in the Trust Prospectus and SAI.
At a meeting of the shareholders of the Target Portfolio held on October 15, 2020, shareholders approved the reorganization (the Reorganization) of the Target Portfolio into the AST Wellington Management Global Bond Portfolio (the Acquiring Portfolio), each a series of the Trust. The Acquiring Portfolio will change its name to the "AST Global Bond Portfolio" on or about November 16, 2020.
Pursuant to the Reorganization, the assets and liabilities of the Target Portfolio will be exchanged for shares of the Acquiring Portfolio, and Target Portfolio shareholders will become shareholders of the Acquiring Portfolio. No sales charges will be imposed in connection with the Reorganization. The Acquiring Portfolio shares to be received by Target Portfolio shareholders in the Reorganization will be equal in value to the Target Portfolio shares held by such shareholders immediately prior to the Reorganization. It is expected that the Reorganization will be completed on or about November 16, 2020.
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.
826SUP2

https://www.sec.gov/Archives/edgar/data/1651872/000139834420020218/fp0058698_497.htm
(RKEMX)
GALLERY TRUST
(the “Trust”)
Rothko Emerging Markets Equity Fund
(the “Fund”)
Supplement dated October 16, 2020 to the Fund’s Summary Prospectus, dated June 25, 2020, and
Statutory Prospectus and Statement of Additional Information (“SAI”),
each dated March 1, 2020, as supplemented June 25, 2020
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Statutory Prospectus and SAI, and should be read in conjunction with the Summary Prospectus, Statutory Prospectus and SAI.
The Board of Trustees of the Trust, at the recommendation of Rothko Investment Strategies, a division of Mondrian Investment Partners Limited (the “Adviser”), the investment adviser of the Fund, has approved a plan of liquidation providing for the liquidation of the Fund’s assets and the distribution of the net proceeds pro rata to the Fund’s shareholders. In connection therewith, the Fund is closed to new investments effective as of the Fund’s close of business on October 16, 2020. The Fund is expected to cease operations and liquidate on or about October 29, 2020 (the “Liquidation Date”). The Liquidation Date may be changed without notice at the discretion of the Trust’s officers.
Prior to the Liquidation Date, shareholders may redeem (sell) their shares in the manner described in the “Purchase and Sale of Fund Shares” section of the Summary Prospectus and Statutory Prospectus. For those Fund shareholders that do not redeem (sell) their shares prior to the Liquidation Date, the Fund will distribute to each such shareholder, on or promptly after the Liquidation Date, a liquidating cash distribution equal in value to the shareholder’s interest in the net assets of the Fund as of the Liquidation Date.
In anticipation of the liquidation of the Fund, the Adviser may manage the Fund in a manner intended to facilitate the Fund’s orderly liquidation, such as by holding cash or making investments in other highly liquid assets. As a result, during this time, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategies, which may prevent the Fund from achieving its investment objective.
The liquidation distribution amount will include any accrued income and capital gains, will be treated as a payment in exchange for shares and will generally be a taxable event for shareholders investing through taxable accounts. You should consult your personal tax advisor concerning your particular tax situation. Shareholders remaining in the Fund on the Liquidation Date will not be charged any transaction fees by the Fund. However, the net asset value of the Fund on the Liquidation Date will reflect costs of liquidating the Fund.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
MON-SK-007-0100

Disgusting swamp goo.

I agree. I wasn't in that meeting but I sold most of my portfolio(all bond funds) at the end of 02/2020 documented (

here).
But, the following (link) is also a disgusting swamp goo and we can call it Joe Quid pro quo.

You obviously do not know and have not cared to find out that this is bullshit and has been known to be so for some time. Do I need to post cites? I mean, seriously, dude.

Except now we have the PC hard drive with the emails or rather the repair guy does.
I suppose "The Swamp" is in the eye of the beholder.

GOP Senator Sasse certainly has his opinion of "The Swamp".

Great post @Junkster.
Glad I’m not working. It was fun and enlightening most of the time - but a big imposition on time. I terribly miss travel. Always loved flying. I’m thinking I’ll work-out extra hard every day now, generally climbing up and down area sand dunes, until winter gets too harsh so my good health can be extended a few extra years in order to enjoy travel once the world returns to normal.
Travel is tough now with most areas of the nation and world battling Covid. Many attractions, like Broadway, are closed. Love London where I’d planned to be in November. On their very modern “Underground” (subway) the cars are typically jam-packed with travelers. It’s not uncommon to be standing up and shoved against two or more other fellow travelers while riding. Folks accept that as quite normal. But imagine how Covid would spread in such an environment.
Since we’re off the reservation a bit, I’ll connect to investing by saying I’ve a lot of extra $$ on hand. Not just from the loss of major travel. Just not spending as much. I’ll transfer the extra Ks into a (home) “infrastructure” fund - as house will soon need a new roof and other upgrades. While I’d normally have the ‘21 budget needs pulled from investments by this time (sitting in cash), I’m going to let it ride for now. Stay invested long as possible.

Several funds I would hold longer term.
Stocks/allocation:
PRWCX has been my top moderate allocation for years and YTD did well. Great manager with insight.
VWINX/VWIAX-has been my top conservative allocation for years and YTD did well. Great long term team investing in stocks and Corp bonds which is the "secret" of theis fund.
Beyond that simple indexes such as SPY. For more growth simple QQQ
Remember, 40% of the SP500 and 50% of QQQ revenues are from abroad.
Bonds:
BIV a great ballast index and better than BND at about 50% treasuries (better ballast) + 50% investment grade Corp(better for rate rise+higher distributions). BIV has better performance from 3 months to 10 years. BIV er=0.05 is cheap and you can buy it with no commission. BIV is so good you can use it instead of managed core + core plus funds.
PTIAX in the Multi sector category
============
VMVFX used to be pretty good but is doing bad.
PIMIX-used to be an easy choice but lost its mojo in early 2018. There is a new fund JASVX in MBS/securitized. It did well in the crash and YTD. Can't guarantee you anything.
THOPX-I never liked it. Looks Sometimes OK but crashes.
============
Voaltility: I have learned over the years that only several funds can play volatility well longer term but it's difficult to predict and why I'm the one who does it manually.
Momentum: similar to the above, funds can do pretty well for several years and suddenly be behind for years because the environment changed(example: growth vs value). This is why diversification is not a good choice if you can observe this.
Do I really need to hold 10+ funds...3 moderate allocation + 3 conservative allocation + 3 LC stock funds + 3 SC,MC + 3 international?
You can do it all with 5-7 funds.

“The fact is that we ought to start rewarding work, not just wealth,” Biden said in a February debate. He added that it’s “wrong” that billionaires pay lower rates on capital gains than employees do on their salaries.

Bloomberg Article:
https://bloomberg.com/news/articles/2020-10-16/election-news-biden-win-could-change-the-way-rich-pay-taxes-on-investment-gains?srnd=premium

This is a WSJ October 12, 2020 article by Justin Baer which identifies AlphaCentric Income but also mentions some other possible funds: Semper MBS Total Return, Deer Park Total Return Credit Fund and Performance True Strategic Bond Fund.
The article states how in each instance, the fund bought those mortgage securities in small “odd lots,” or increments of less than $1 million, according to a securities filing.
The article mentions how odd lots often trade at a discount to larger, “round-lot” positions. Sometimes these discounts are not being applied buy rely on a third parties that use pricing on round lots on the same trading security.
There is a pay wall -interesting article.
https://www.wsj.com/articles/sec-probes-small-bond-trades-that-lead-to-big-returns-11602495001
Can be viewed in inprivate window in Mozilla.

Disgusting swamp goo.

I agree. I wasn't in that meeting but I sold most of my portfolio(all bond funds) at the end of 02/2020 documented (

here).
But, the following (link) is also a disgusting swamp goo and we can call it Joe Quid pro quo.

You obviously do not know and have not cared to find out that this is bullshit and has been known to be so for some time. Do I need to post cites? I mean, seriously, dude.

Except now we have the PC hard drive with the emails or rather the repair guy does.
I suppose "The Swamp" is in the eye of the beholder.

@Zolta, IOFIX min is only $100K at Schwab. I'm guessing your investments is at Fidelity. This is one of the reason I transferred most of my money to Schwab. Fidelity also have a million dollar min on Pimco Instit share funds too.
My technique is not recommended to anybody, it takes skills to know when to change. When I started investing this way 20 years ago it was simpler. About twice a year I looked for the best 5 risk/reward funds and kept changing but I used 3 (60%) as core and 2 funds as explore. The funds had to be in the top 30% of performance at all times which made sure I would not hold lagging funds for years.
I never cared about OVER diversification. The funds mangers can do whatever they want I just expect good performance and SD(volatility) which led to good Sharpe+Sortino.

Re: “Why rising rates isn't that bad for bonds”
- https://www.theenglishisland.com/lessons/subject-verb-agreement-quiz/
- https://www.learnenglishfeelgood.com/countable-nouns-isnt-arent1.html
- https://www.liveworksheets.com/qy238273nx
Article:“Why Rising Interest Rates Are Good For Banks” - LINK

COVID-19 has thrown a kink into many retirees’ plans. It’s difficult and risky now to do many things that people have saved all of their lives fo — like traveling, visiting family and friends, taking classes, etc. It has helped us by reducing our spending, allowing us to retain our retirement savings and delaying the need to draw on Social Security. I’m still glad that I retired, though, and would hate to be working right now.

Regarding rethinking retirement. I am reading a book by Bill Perkins titled Die With Zero. I thought it was going to merit a one star review but now not so sure. It has really made me think. The gist of the book is to use your money for life experiences before you get too old to enjoy such experiences. Most of us instead are into the senselessness of indefinitely delaying gratification. And then we suddenly wake up and have one health problem after another and there is no gratification to enjoy.
In my case at 73 I am still hiking away with no health issues. But looking back to my sixties there are a lot of things I wish I had done then I don’t particularly feel like doing anymore. Such as cross country traveling to places like Colorado and my old stomping grounds in the Sierras for off the beaten path hiking adventures. My long time girlfriend who is 71 can no longer hike with me because of osteoporosis and that has really put a damper on things. So my advice to you youngsters in your 50s and 60s do whatever now, don’t wait. There are some things in life you don’t need a huge nest egg for. I have a friend who is 56 and a triathlete. He pretty much lives hand to mouth but every year finds a way to travel out west for a couple weeks of extensive hiking as well as participating in a couple triathlons in some exotic locations. Sometimes I envy him and his carefree attitude.
I also have been so focused on accumulating and not spending I find myself with a nest egg of 70x living expenses. I can think of a couple environmental organizations in my will who will enjoy my eventual passing. Again, to you youngsters, enjoy the fruits of your labor when you are at peak health and don’t get so obsessed with accumulation.