Fund Portfolio Question Hi
@ducrow,
I have not followed your previous post and, with this, I don't know much about what you hold outside of these three funds. Just looking at each of these I'm thinking, as funds, they are all keepers. This raises the question ... What else do you have and how do these funds fit.
IVWIX ... M* 4 Star ... Cash
10% ... Berkshire Hathaway ... Gold Bullion
FPACX ... M* 4 Star ... Cash
15% ... This fund can and does actively short over priced holdings.
DSENX ... M* 5 Star ... Actively positions using deratives and swaps.
Again ... I'm not finding much amiss with any of these funds and I'm thinking they are all keepers. In addition, each of these funds, if I owned, would be held in different sleees within my portfolio. So, this leads me back to the question ... What else do you own? And, how many funds are to many? I'm currently holding close to a total of fifty within five accounts with some funds repeating within accounts (some not). Over all the portfolio as a whole holds close to fifty.
Old_Skeet
Investment advice for disable person 3k/mth required, offset by 1k SSDI, leaves 24k/yr to be generated. Raw, before any taxes or fund expenses, that is going to require a permanent, consistent income return of 4.8% on the 500k. That means that there is going to have to be what I would consider to be an excessive risk involved, as I can't see how to generate that kind of guaranteed consistent return with complete safety in today's market. Additionally, as you go forward, the amount required will only increase due to inflation.
We have some very smart people here on MFO... I hope that they can come up with something for you more promising than my appraisal. We don't particularly like annuities, but perhaps something along those lines might be a possibility?
Investment advice for disable person Hi David V,
First, where's the money at? Savings account? IRA? 401? What are the expenses per month? How safe does this have to be? Does the family help him at all? At 62 or 65, does he get SS or something else? Many questions.....before I would say anything. Also, should this be on auto pilot?
God bless
the Pudd
Investment advice for disable person Excellent choices for either the Wellington or Wellesley funds. But I would suggest maybe looking at a 1 fund diversified portfolio from TRP, any of their "retirement" funds (not the target date). Chose the one that fits the equity allocation (50:50, 60:40, 70:30, ect...) that makes sense for a 40 year old's expected returns and withdrawal needs. TRRGX, TRRBX, TRRHX.
Investment advice for disable person I was asked to help building investment portfolio for a single disable person of 40 years old, having $500K in savings. The person does not own property, most likely, will not be able to work in the future, and his only income will be social security disability insurance benefits (about $1000/month) and income from investment. What would you recommend to maximize his investment income?
Buy -- Sell -- Ponder -- January 2018 That's 0.09 and 0.04 Ted. Apparently I've got money to burn as I'm with DIA at 0.17 ER. Different animals I know but I only have so much fuel.
RIMIX/CNRYX City National Rochdale DEM fund For what interest it holds, I wrote the October 2016 CNRYX profile, not David. I'm glad that the fund is seeing interest and having value here. Thx.
RIMIX/CNRYX City National Rochdale DEM fund I bt CNRYX at TDAmeritrade with no minimum (1/3/18)
Buy -- Sell -- Ponder -- January 2018 Another goal is to get even more fit and healthy. I don’t see the point of accumulating wealth if you can’t enjoy it by being both physically and mentally active. At my age I could go at anytime so want to hike and explore as much as possible while I am still here and able. Good luck to all in 2018!
Great stuff
@Junkster. Fitness has been a daily habit of mine for several years now. Actually resumed bicycling at 68 or 69 and love it. My passion has always been “going somewhere” by plane since I first flew in
1974. So as long as I can walk, crawl or hobble out to an aircraft I’ll keep going. To the Keys in March. Afraid they’ll look a lot different after Irma.
Like you, I’ll eventually consolidate my fund investments. T. Rowe will be the place.
Regards
DSENX December dividends question Waited until today to sell PRFSX thinking any (slight) cap gains would be taxable in 2018. Should work. Right?
Does a Reversion To The Mean Follow Big Up Years? >> Random numbers don't have to average zero. You can have a random distribution around any value you want, say 11%/year returns. So a rising market can still be entirely random.
Sure; there's such a thing as a good shooter. But 'random distribution around any value you want' is not what most people (even statisticians) mean when they say 'random', don't you think?
DSENX December dividends question @msf, WOW!! Never knew that. I guess it doesn't matter a whole lot because we report what's on our
1099 and while I do try to check accuracy you'd hope brokers and fund companies know what they need to include far better than I do. Thanks for the insight and education!!
Does a Reversion To The Mean Follow Big Up Years? Random numbers don't have to average zero. You can have a random distribution around any value you want, say
11%/year returns. So a rising market can still be entirely random.
Why there's so much writing about mean regression ... they'd lose readers if they kept calling it gambler's fallacy :-)
I'll keep trying to convey a sense of what mean regression is. Here' a pretty good example - a short video from the old game show Card Sharks. The object was to guess whether the next card would be higher or lower than the one showing.
Obviously the higher the current card, the greater the odds of the next one being lower. Not because the cards must average out (though that happens to be true with a fixed size deck), but because a card selected entirely at random must come out lower than an ace (or at least not higher). Likewise, you bet the farm with a deuce showing, because you can't get anything lower.
