Thanks @Old_Skeet. Based on sectors analysis on the 50 day just about every sector is overbought. Im most interested right now on if the rally in financials and cyclicals continues. I bought JPM and IYG about 2 weeks ago. JPM is up about 12%

May 30th Episode:

Also,
A link to his 2013 Paper (Helicopter Money):
Helicopter_Money_Final1.pdf

My local library system subscribes to Morningstar Investment Research Center.
There is a link to ‘Fund Categories’ under the Markets section on the homepage.
Fund category returns for the 1 mo., 3 mo., YTD, 1 yr., 3 yr., and 5 yr. periods are displayed.

Hi guys,
Hope all is well with you and yours.
On today's walk, the Dukester was kinda chatty. He said, "Pudd, do you know how many funds you sold since the end of last year?" I said, "no." He said, "A baker's dozen." I said, "This time I am gonna do something different." Trying to limit losses by selling instead of just riding it out. And, of course, buying at lower levels with the cash and dry powder we had. Trying to manage the losses so as not to lose as much.....to get back to 0 quicker. So, of course, the next question was, "Did it work?" I said, "I don't know......I'll never know. We're down 3.3% right now as of today. I can only say I hope it helped a little." The buys were the big help. Also did some buying yesterday.....held my nose while doing it. Bought FMIJX. It's my worst fund.....now down 11%. Also bought GLFOX. Playing Euro stimulus plans. I think our market is overbought. Saying that, I will say this again just for laughs and giggles: months back, I wrote down June 19 on a paper. Someone said (from the VIX) high 90 days or so.....you will get a correction. So something to watch for.
God bless
the Pudd

There has been much prior discussion about how CTFAX goes about making changes to it's asset allocation moving between stocks and bonds based upon the movement of the S&P 500 Index.
It's new asset allocation was made on May 28th where it changed direction from it's last sell on April 28th. This is due to it's 31 Day Trading Rule. It's new stock alloction is 50% equity 50% bonds.
For those interested, you can read more about this through the below link. Once opened find Asset Allocation Update and click on it. A pdf will load that contains this information.
https://www.columbiathreadneedleus.com/investment-products/mutual-funds/Columbia-Thermostat-Fund/Class-A/details/?cusip=197199755&_n=1

@VintageFreak,
Not sure it this FT article and citywire articles address the specific reasons, but it does generalize some of the reasons for the acquisition.
https://markets.ft.com/data/announce/detail?dockey=1323-14421490-00S82T58N8PUMMHAV4VC75QF57
https://citywireusa.com/professional-buyer/news/fpa-international-equity-team-set-to-join-polar-capital/a1323652
This is from FPA:
International Value fund(read page 10 of pdf viewer):
https://fpa.com/docs/default-source/funds/fpa-international-value/literature/quarterly-commentaries/fpa-ivf-commentary-2020-q1_wcovid.pdf?sfvrsn=14
Paramount Fund (read page 4 of pdf viewer):
https://fpa.com/docs/default-source/funds/fpa-paramount-fund/literature/quarterly-commentaries/fpa-paramount-commentary-2020-03_final.pdf?sfvrsn=6

Hi guys, Things are crazy ... yes?
Currently, based upon the metrics of Old_Skeet's market barometer it scores the S&P 500 Index as extremely overbought with a reading of 120. With this, I'm not putting any new money to work on the equity side of my portfolio. I'm thinking that momentum will still carry the market higher as there are currently 95% of the stocks in the 500 Index above their 50 day moving average while there are only about 45% above the 200. With this, I'm thinking there is more upside to come.
I did open a position in BCSAX this week which is a commodity strategy fund.
Enjoy your summer.
Old_Skeet

Old Skeet, BCASX is a loaded fund. Did you buy it loaded?

In addition, owning just one fund does nothing to manage fund manager and strategy risk.

You couldn't be more wrong about PARHX @Old_Skeet, or any of the TRP retirement funds. This 1 fund is made up of 13 TRP equity funds and 8 fixed income funds. This fund holds 21 other funds with all different managers and is as diversified between market size and sectors and yes, managers as needed by most anyone's standards. To compare it to a fund with little liquidity and no diversification like IOFAX is silly and misleading.

This is why the board is so great as we can exchange ideas and concepts. What might be right for one just might not be so right for another.

Can't disagree with this statement. It doesn't mean though that exchanging ideas and concepts on this board or any board adds much to total return. It may very well act opposite.

Good morning @MikeM : Your comment sent me off to check on Vanguards 2015 TRF VTXVX. Surprised to see -.79% YTD !!!
Stay Safe, Derf

Hi @MikeM,
PARHX is a good fund, no doubt, and for some it might be a better choice over what they are presently doing.
For me, it would be very costly for me to switch to any one fund such as PARHX. Being an investor since the age of 12 (now age 72+) I built my portfolio over the years (comprised of several accounts) and presently I have now built up huge gains through organic growth. If I were to sell out there would be a sizeable tax bill associated with this as well and some other negative factors (resulting from a bulk sell out) such as increased medicare premiums, so on and so forth.
In addition, owning just one fund does nothing to manage fund manager and strategy risk. Look what happened with one of the board's darlings ... IOFAX. Just ask yourself where would you be if you had gone all in with this one fund?
Moving on ... This is why the board is so great as we can exchange ideas and concepts. What might be right for one just might not be so right for another. And, by all means ... I'm not saying what I am doing is the absolute best.
With this, I wish you the very best with your investing endeavors and that you will come up with something that brings you the results you seek.
Old_Skeet

GMO has been saying EM will out preform for years.. Eventually by the roll of the dice they will be right I guess. I think they base a lot of their opinion on valuations. This outpreformance may eventually be is true but the only thing Brazil is out preforming on now is new Covid cases and deaths, for example. I think Covid will decimate EM.
GMO website has many very long and very thoughtfully argued position papers, including a number by Grantham that are valuable about climate change, but I have never mad any money following their advice.
Inker has just cut equities to 25% in GBMFX the global allocation fund he has run for decades.
https://www.morningstar.com/funds/xnas/gbmfx/analysis
Mere mortals can't get into this fund, although it is not clear why you would want to with it's middling record over the last few years. TIAA offered it for years in their retirement plans, but recently removed it probably because of nonperformance. My wife's account would have been better off in VWINX which has a ten year return of 105% vs GBMFX 38%
Every dog may have it's day....

You can get into Inker's GMO fund. WARCX Wells Fargo Absolute Return is a feeder fund into GBMFX. However the expense ratio is 2.28% and a 1% differed load. Its track record is not stellar.

Hi @Derf, as of this morning self managed is down -5.5% YTD, -7% from high. The Schwab robo did better with -5.0 YTD, -5.3% from high. My biggest mistake was having my bond portion in non-diversified, low liquidity funds like IOFAX, MAINX and HY munis. I took a loss selling off IOFAX and MAINX and chalked it up to a lesson learned.
For a total portfolio at about 50% equity, my #s, -5% YTD aren't very good. If you look at a simple 1 fund portfolio like TRP retirement 2015 fund, PARHX, that fund is only down -3.3% YTD. I often ask myself why not just buy that fund and play around the edges if you want to have fun. Not to hurt anyone's feelings, I'm convinced most of us here do not add value to a portfolio. We may talk a good game with our buys and sells and timing but #s don't lie. Hard to beat a target date fund.

Analysis at the end, after the performance.

Performance......One month...YTD as of 5/29/2020
Multi
PDIIX…3.1....-2.35
PUCZX…3.8…-3.7
JMUTX....4.0....-5.1
TSIIX.....3.1….-0.1
PTIAX….1.9….-0.2
Multi(high % securitized)
PIMIX.....2.3….-3.4
EIXIX…..3.1….-0.4
VCFAX...2.8....-10.8
IOFIX.....6.3....-26.3
HY Munis
PHMIX…..3.4.....-3.1
NHMAX....4.6.....-7.3
OPTAX.....3.2.....0.15.
ORNAX….3.9…-5.25
BSNIX....2.8....3.4
GWMEX….5.0…..-3.1 (IG Munis but BBB+A rating)
NVHAX…1.5…-6.2 (ST duration HY Munis-lower SD than the above)
Inter Term CORe/CORE PLUS
SAMFX.......0.7.....8.0
BCOIX......1.3…...4.4
SCCIX.....1.3....11.2
ANBEX……1.6....12..9
BND….......0.7…...5.7
Bank Loans/Floating rate
EIFAX.......4.3.....-8.2
Uncontrain/Nontrad
IISIX..........3.0....-6.3
PMZIX......1.5….-0.1
JSIAX……1.5….-0.3
HY +EM
HYG.........2.95.....-4.5
PHIYX.......4.0.....-4.1
FNMIX……7.5……-6.4
Corporate
PIGIX….…1.7.….0.1
VCIT……..2.7…..3.5
Preferred
PFINX…...2.7……-6.0
OTHER
FXAIX.…..3.8..…-5.0 (SP500)
PCI………7.0... -23.7 (CEF)
Observations:
Last month was another rebound month. Several bond funds made as much money as stocks.
Multi- did great. TSIIX(multi) + EIXIX(Multi securitized continues to show the best risk/reward. JMUTX shows good momo. IOFIX shows the best momo but I can’t forget its meltdown
HY Munis had a great rebound in May. BSNIX had the best risk/reward. GWMEX had the best momo.
Inter term – did well. If you doubt about finding better funds then look at ANBEX.
Bank loans – Good rebound but still big losses YTD
Uncontrain/Nontrad-PMZIX with great risk/reward but if you want to make money look at IISIX,JSIAX.
HY+EM – Good rebound in May.
Corp – In a tough market VCIT beat PIGIX.
SP500-Just -5% for YTD. The price crossed the 200 moving average, that means to start buying if you were out.
PCI-CEF got crushed more than stocks YTD and are still behind. If markets stabilize they will make more money than stocks.
===========================
My own portfolio
As expected from a trader I go where I see momentum but still look at risk/reward. The market looks better than before and why I start taking more risks.
Early in the month, I had 3 holdings but mostly in ANBEX(core plus)+BSNIX(HY Munis) but I switched to GWMEX(HY Munis)+TSIIX(Multi) + EIXIX. I have over 50% in GWMEX, a smaller position in TSIIX, and a much smaller in EIXIX.
Stats: My portfolio made over 8% YTD.
For 3 years I made over 9% average annually with SD lower than 2 (remember, my goals were 6+% and SD lower than 3). My portfolio never lost more than 1% from any last top. So, when they tell you that bonds (I also trade stocks,CEFs) are boring with no future I keep chuckling and the unbelievers will continue to dismiss the numbers.
FUND...3 YR...SD
SPY.....10.15...16.9
VBINX...8......10.7
VWIAX...6.4...6.9
Mine.....9+....under 2
It looks better after the rebound but at the end of March(see below), it was so much worse. See PV(link)
FUND...3 YR...SD
SPY.....5......14.9
VBINX...4.45....9.3
VWIAX...4.17...6
Mine.....not far from the above
The above is not a recommendation, you must do your own due diligence. My holdings can change at any time :-)

Hi guys, Things are crazy ... yes?
Currently, based upon the metrics of Old_Skeet's market barometer it scores the S&P 500 Index as extremely overbought with a reading of 120. With this, I'm not putting any new money to work on the equity side of my portfolio. I'm thinking that momentum will still carry the market higher as there are currently 95% of the stocks in the 500 Index above their 50 day moving average while there are only about 45% above the 200. With this, I'm thinking there is more upside to come.
I did open a position in BCSAX this week which is a commodity strategy fund.
Enjoy your summer.
Old_Skeet

Hi @ MikeM. The -5% is year-to-date and accounts for the January RMD I took. I'm off my 52 week high by about 6% to 7%. 7% if you count the January RMD I took in cash and 6% if you factor it back in.
Hi @Derf. SVAAX is a dividend paying value fund. As you know growth has lead value in the recovery. What I like about the dividend paying value funds is that, by in large, they produce qualified dividends which are taxed at a lower rate than ordinary dividends. As you may remember, I was a buyer of IDIVX and LCEAX during the market swoon. I no longer hold LCEAX as I trimmed it from equities during the updraft. Since then, I've let my equity allocation contine to grow and have not rebalanced, although perhaps I should as I planned to do in May.
On the equity side of my portfolio the three best performers year-to-date are AOFAX, SPECX & KAUAX.
On the income side of my portfolio the three best performers year-to-date are CTFAX, FISCX & TSIAX.
The best performing area of my portfolio (year-to-date) is the growth area. Yes, the growth area has performed better than my cash area as I write. In the middle ground, behind the cash area, is the income area.
The worst performing area of my portfolio (year-to-date) is the growth & income area due to it's holding of a lot of value and global type mutual funds. But, it is a good income generator so I'm getting paid while I wait this out, so to speak.
Overall, I'm up about 22% off my 52 week low (March 23rd). This last week was a strong week for me being up about 2.5% while the S&P 500 Index was up about 3%. For me, this is strong upside capture as I have caputured, thus far, just short of 60% of what the S&P 500's upside has been. Given my starting asset allocation of 20/40/40 and present one of 15/40/45 I am extremely happy with this.
For the week my three best performing funds were PGUAX +5.8%, LPEFX +5.7% and PMDAX +4.9%. All are held in the growth area of my portfolio. I had no funds that were in the red for the week.
It will be interesting to see if value can catch up with growth as we move through the rest of the year.

https://www.google.com/amp/s/seekingalpha.com/amp/article/4350995-is-why-s-and-p-500-be-headed-for-3700
Here Is Why The S&P 500 Could Be Headed For 3,700
May 29, 2020 6:35 PMSPY, QQQ, DIA
Summary
/Very few authors on this site have been as outspoken about a market rebound than I have.
I have written eight very bullish articles since March 18th. Every one of them has been right on the money.
I hope that they made you money. This is my main purpose for being a regular on this site, to help make you money./

https://www.detroitnews.com/story/business/2020/05/29/stocks-slip-wall-street-still-headed-weekly-gain/111878776/
Stocks erase a loss as worries over China tensions fizzle
THE ASSOCIATED PRESS | ASSOCIATED PRESS
Updated 10 hours ago
Stocks closed out a solid week on Wall Street Friday with a late-afternoon rebound after worries that President Donald Trump would reignite a costly trade war with China faded.

https://www.forbes.com/sites/gauravsharma/2020/05/29/5-top-canadian-oil-stocks-to-buy-in-2020/#2462650b2138
5 Top Canadian Oil Stocks To Buy In 2020
Couple of interesting oil companies to look at now demands in energy sector maybe risen again

https://www.marketwatch.com/story/the-stock-markets-outlook-is-more-bullish-than-you-might-expect-2020-05-29
The stock market’s outlook is more bullish than you might expect
Published: May 29, 2020 at 10:42 a.m. ET
By Simon Maierhofer
/Snap-back rallies tend to be positive for prices, history shows/
Could be a very special June/july. Sp500 have cross /hovering 200 days moving average. USA opening up again and it may seems investors maybe forgetting what we faced just several weeks ago.

Good evening @Old_Skeet; When you mention being down a mere 5 % , is that ytd ?
Also do you have any ideas as to why SVAAX took a big hit during downturn , yet now it seems to be slow to recover? Schwab is showing still down 20% from its high.
@MikeM : I was wondering how your other portfolio is doing in comparison to Schwab Int. Port.?
As for me, I just crossed the - 10% as of a few days ago.
A good weekend to all, Derf