yogibearbull is exactly right - and the 'financial' writer made the same mistake consistently. And what was the editor doing? Surely a 'distribution' of "58.7%" should have led someone do to some fact checking.

MikeW mentioned this fund in another thread. I was going to ask for your opinions on this one, but when I tried entering a "test order" at Schwab it shows open to existing buyers only. Anyway, below is some info from Schwab- it looks to be a pretty good fund.

With respect to directly- (bank-) sold CDs, Ken Tumin at depositaccounts.com has a cautionary note:

Some banks and credit unions have language in their CD disclosures that allows them to refuse an early withdrawal request. Although CD early withdrawal refusal by a bank or credit union is rare, it is possible. Review the CD disclosure for this type of wording.

https://www.depositaccounts.com/blog/2019-study-cd-early-withdrawal-penalties-changed.html
He reports finding typical early withdrawal penalties averaging around 1 year's interest on a 5 year CD. Tolerable I suppose if you hold the CD for at least half way. The piece was written in 2019; I doubt penalties have gone down since then.
Broker-sold CDs can be harder to get out of. This is usually done by selling them on the secondary market. The CDs are thinly traded and one risks losing a lot by selling early.
Either way, with bank failures more than a theoretical concern now, you should probably check into the financials of the bank you're thinking of using. While a CD and its accrued interest is insured, should the bank fail, your rate going forward might be reduced. This isn't a concern for short term CDs. However, you're looking to lock in a rate for many years, and that could be stymied by a bank failing.
https://publicintegrity.org/inequality-poverty-opportunity/when-banks-fail-so-do-those-promised-cd-rates/
Buying a CD (for some of your money) is not a bad idea, you just need to exercise care.
---
I think you (OP) meant that if interest rates rise and you need cash, selling a bond could result in a significant loss. Just look at what happened at Silicon Valley Bank.

”Started to nibble at hstrx. “
Not a bad pick if you can buy NTF. There’s a fee at Fido. I looked at that one yesterday and was surprised it hasn’t done better this year with both gold and bonds having a decent year. Your question doesn’t define the time frame. For most nowadays a year seems an eternity. Some have much shorter and will eject after a month or two or three when a fund heads south.
I must not have any favorites because I have 20 different holdings. The largest 4 come in at 10% of portfolio each. They represent different variations on alternative and asset allocation type funds where I’m most comfortable at my age. While each could loose 5 or 10% in a terrible year, as a group they are fairly stable - very much “set it and forget it” type holdings. I rationalize a somewhat expensive L/S alternative by considering the overall cost of my funds and also by holding a few individual stocks to reduce costs.
You mention EM funds. I have a very small 1-2% hold in one. Bought in at the depths last year, so it’s already gained some. Before it gets back to any kind of reasonable valuation I will sell and roll the $$ into a broadly diversified balanced fund at the same house. In that case you’re paid to wait because by most accounts EM valuations are still compelling. I have a very small 2% bite on SPDN - an 1X inverse S&P. That’s to moderate volatility on down days. I think there are many other areas that will perform much better than the S&P over the next several years. With that inverse offset it allows taking on a bit more risk in other areas. International funds plus a few individual socks stocks are some I like. Japan is a long-shot. But exposure there might add a bit of diversification relative to domestic markets.
Inserted later - Non dollar-hedged Japan adds a currency play. I suspect that’s the better way to go at this point. Check back in a year.
Whoever said PRPFX in @MikeM’s thread made good sense to me. With some funds, throw away the performance numbers and look at what’s inside. If you see a case for precious metals, foreign currencies, real estate, and some AAA government bonds for defense in the future you might like the fund. I do. Albeit, some criticize it saying fees are too high for what amounts to a passive investment approach.

Dividend-paying stocks are gaining new respect among investors, and they are proving to be a protective asset in times of market volatility. ClearBridge Investments’ Dividend Strategy Fund has been named one of “The Best Dividend Funds” for 2023 by Morningstar. Michael Clarfeld, co-portfolio manager of the fund, is with us to explain why high-quality companies with histories of growing their dividends are particularly valuable now.

I stand corrected again. It used to be $50, but Fidelity would blame that on HIGH inflation.

Don’t know about your finance situation and risk tolerance. So here it goes for your questions on CDs:
1. As of today the only CDs that yield 5% are those with shorter duration ones, 9-12 month. Creating a CD ladder is necessary in order to maintain cash flow (income) as you desired. For example, a one-year ladder consisting of 4 CDs with each maturing every 3 months would provide income every 3 months. So it boils down to how much extra income you want from your CDs. Don’t forget that the interest accrued from CDs is taxed as ordinary income with both federal and state tax applies. Treasury bills/notes are federal tax-exempt but state tax is still applied.
2. CDs are safe (FDIC insured) but they are not liquid during the investment period. Some bank CDs pay interest monthly, but they pay at lower yield. Brokered CDs at your brokerages pay higher yield, but majority of them pay at maturity, not monthly. Treasury bills (1 -12 months), on the other hand, are highly liquid and one can sell them on secondary market if necessary. Creating T bills ladders will provide periodic income just as CD ladders.
3. At current inflation rate (CPI as of Feb 2023 is at 6.2% y-o-y), you are losing future buying power each year by investing in CDs alone. Thus, other investment vehicles such as stocks, bonds, and others are required as part of the “growth” component of your retirement income.
Within this MFO discussion forum, you are getting opinions from other investors. The best answer should come from your financial planner. At least you have something to consider as a starting point. Best wishes.

I just checked and Fidelity charges $75 for Vanguard and Dodge and Cox funds. A $50 fee would have been a real investor improvement for Fidelity but I guess Abigail Johnson needs to keep her net worth over $20 billion !

Just don't put all of your eggs in one basket. 5% guaranteed is pretty damn good. DO IT. Keep at least 50% in safer market instruments. Maybe funds, rather than in single stocks. Look at BRUFX. and MAPOX.

I’m 70 and still working. I have about 700k in savings and CDs, home is paid off and I plan to retire in a year.
I am considering putting a portion of the $ into long-term CDs since the interest rates are near 5%.and relatively safe.
I figure if the worst possible scenario happens, I can always withdraw from the CDs and pay the penalty, From what I understand government bonds could be less forgiving in that if the interest rates fall I would have to sell the bonds at that price.
I just want to have some extra income coming in after I retire and am tempted to invest in 5 or even even 10 year CDs.
Any advice would be appreciated.

Yes, after bottom fell out of Tremx, I invested $5k, up to about $7k.

The funds that I'm absolutely happy with and most comfortable with and favor the most are PRWCX and JHQAX. They have been consistent over the years and two funds I don't worry about. They together make up about 35% on my self-managed portfolio.
Do others have funds they just don't worry about in good times and bad? Faves?

Yes, such a nice change for us older folks. I, selfishly, would love to see interest rates stick in the 4.5-5% range.

Never quite understood why SOR is out there, but you can buy it for free at Schwab, although the mutual fund will cost you $50

Strangely enough at TD Ameritrade, FPACX is NTF. I own it in my TDA Roth IRA. I wonder if when the Schwab-TDA marriage completes in a month or 2 if it will still have a TF through Schwab. I'm sure there are other funds in that contradicting area.

I bought FPACX awhile back at Fidelity and added more thru their automatic investment feature for $5 per purchase. You pick the date and the $ amount, quite convenient. You can sell transaction-fee funds for free at Fidelity. As far as I know, only Fidelity offers this inexpensive automatic investing. Learned this here from @msf, many thanks.

Steve Romick manages both FPACX and SOR Source Capital a closed end fund with a very similar portfolio
Until 2021 or so they were almost identical. FPACX has done better since.
Never quite understood why SOR is out there, but you can buy it for free at Schwab, although the mutual fund will cost you $50

I like the 'In-Kind" strategy:

You don’t need to distribute cash. There’s no need to sell an asset in order to make the RMD. You can take the RMD in property, known as an in-kind distribution. That keeps your asset allocation unchanged.
For most IRAs, this involves simply directing the custodian to transfer a certain number of shares of a mutual fund or stock from the IRA to a taxable account. You have to be sure the value of the shares on the day of the distribution is at least equal to your RMD. The value on the day of the distribution is your tax basis in the asset. So, you’ll owe capital gains taxes in the future only on the appreciation after that day.
An in-kind distribution can be especially profitable when an asset’s value has declined and you believe the decline is temporary. Distribute the depressed asset and the value on that day will be taxed as ordinary income to you. But you’ll owe only tax-advantaged capital gains taxes on the appreciation that occurs after that.

8-strategies-for-optimizing-rmds-from-iras

Here is the SEC filing concerning his departure. Notice the name of the "project" on top of the filing.
https://www.sec.gov/Archives/edgar/data/734383/000168386323002522/f24809d1.htm
It used to state "fall out boy".
Noticed they just changed the "project" in prior link:
https://www.sec.gov/Archives/edgar/data/734383/000168386323002584/f24877d1.htm

Brief Newsletter (email) Article by Lawrence C. Strauss, Barrons
"Nowadays, investors have all sorts of options when it comes to parking their cash.
My colleague Randall Forsyth, a longtime chronicler of the bond market for Barron's, has some thoughts on the subject:
"I've found the best deal had been 4-week T-bills, which had been yielding near the low end of the Fed's former target range of 4.5%-4.75%," Randy observes in an email to me.
On Wednesday, the Federal Open Market Committee boosted short-term rates by another quarter of a percentage point, pushing that target range to 4.75%-5%.
"Now, with the market pricing in Fed cuts and concerns about banks, the latest 4-week bill has sunk below 4%," he continues. "Three months still gets you 4.65%."
Randy posits that another place to park cash is bank certificates of deposit, though investors need to be discerning. "The best deals for safety and liquidity are bank CDs available on the brokerage platforms," he says, having found a 5.05% rate for a three-month CD.
In an article this week, I wrote that income investors should consider cash as well as bonds for the moment. The latter have been volatile, though their returns have been respectable in 2023. The iShares Core U.S. Aggregate Bond ETF has returned about 3.4% this year through March 22, compared with about 3% for the S&P 500.
“It just so happens that right now, the lowest risk, most liquid part of [fixed income] happens to be the highest yielding -- which is cash,” says Gary Zimmerman, CEO of MaxMyInterest."

https://www.sec.gov/Archives/edgar/data/890540/000139834423006578/fp0082730-1_497.htm
497 1 fp0082730-1_497.htm
THE ADVISORS’ INNER CIRCLE FUND II
(the “Trust”)
Kopernik Global All-Cap Fund
(the “Fund”)
Supplement dated March 24, 2023
to the Fund’s Summary Prospectus, Prospectus and Statement of Additional Information (the “SAI”), each
dated March 1, 2023
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus and SAI, and should be read in conjunction with the Summary Prospectus, Prospectus and SAI.
Effective as of the close of business on June 1, 2023 (the “Effective Date”), the Fund will be closed to certain new investments because Kopernik Global Investors, LLC (the “Adviser”), the Fund’s investment adviser, believes that carefully managing the Fund’s capacity provides the opportunity to continue to invest in the most attractively priced companies it can find and maintain the ability to take advantage of investments across different markets, countries, industry/sectors, and across the market capitalization spectrum.
While any existing shareholder may continue to reinvest Fund dividends and distributions, other new investments in the Fund may only be made by those investors within the following categories:
•Direct shareholders of the Fund as of the Effective Date and the date of the new investment;
•Participants in qualified retirement plans that offer shares of the Fund as an investment option as of the Effective Date; and
•Trustees and officers of the Trust, employees of the Adviser, and their immediate family members.
The Fund reserves the right to modify the above criteria, suspend all sales of new shares or reject any specific purchase order for any reason.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
KGI-SK-009-0200