I thought that this was an interesting article for one's investing digestion. Feel free to disagree. It's from SeekingAlpha for those who shun such things or have trouble accessing the information.
"Summary
° "Cutting losses quickly and letting profits run" (CLE-LPR) is arguably the single most popular piece of advice offered to professional traders at the start of their careers.
° In stock market investing, a CLE-LPR strategy has lead to higher returns compared to a static portfolio of stocks and T-bills with the same average exposure, over the past century.
° There is a close connection between CLE-LPR and Momentum-based investing.
° We explore some not-so-obvious reasons why many hedge funds are committed to the tenet of cutting losses early and letting profits run."
A Closer Look At 'Cut Your Losses Early; Let Your Profits Run'

It's a similar argument when someone says, I own 20 funds VS 3 funds and I don't have any problem.
The following are several issues, at least for me.
1) We have 5 accounts at each discount broker. One joint, 2 Roth IRAs, and 2 Rollover IRAs. If I own 5 funds from 5 different families, think how many more accounts I need to have.
2) If you trade, as I do, it's a nightmare to have several brokerages. If you don't trade often, having one discount broker is much easier. Suppose I own D&C fund directly and want to sell it all this coming Monday and buy instead GOODX. How many hoops do you have to jump thru?
3) Customer service is usually much better at discount brokers (think Fidelity and Schwab) with a lot more services and options. You don't spend more time at discount brokers, you just selected your own way of investing based on the limitation you imposed.
4) You don't need an agent to move your money from selling a fund to MM. Fidelity does it automatically, at Schwab you need to buy the MM.
5) At year end filing taxes is a lot easier and faster for me, the IRS doesn't care.
6) Over the years I bought several funds with commissions at Schwab, I didn't pay any fees, it all depends on the account size and persistence you have, sometimes you just have to ask.

@Ben
I'm not yet retired, just turned 60, so my situation is a bit different than yours. I, like you enjoy managing our finances and my wife is happy to be hands off though at times I wish she showed more interest. That is largely why 12 years ago I consolidated our investments to a brokerage (TDA and then Schwab after the merger), so that if and when anything happened to me healthwise, she would have an easier time wrapping her arms around our finances. We have no children, so there would be no help to step in and assist her in that regard. We have since left Schwab and moved to TRP entirely after TRP offered their Summit Program and the fact most of our investments were through TRP funds anyway.
Both of my wife's parents lived to 91 years of age and for their final 3 years my wife lived with them as their primary care giver and to honor their wishes to remain out of nursing facilities. We were very grateful when they consolidated their finances to just a few accounts as we were not only physically caring for their daily needs, but making sure the bills got paid and taking care of their investments which was made easier for us after the consolidation. Also made doing their annual tax returns easier. Estate matters were also simplified after their deaths because of the consolidation.
Just my 2 cents worth, but by all means keep doing what you are doing as long as you are able and enjoy it, probably helps keep you young!

@Yogibearbull. Thank you. The OT intentionally refers to stocks (not funds which by definition are diversified)*.
I’ll assume you wouldn’t ever exceed 5% for any 1 stock.
* Edit / Add: The Investment Company Act of 1940 does set standards for identifying funds as ”diversified” / ”non-diversified”. And Yogi is correct in that most of the funds that receive attention here fit the ”diversified” description.

@rforno : What brokerage are you using to roll treasuries & what term ?
Thanks , Derf

Schwab.
I bought a 1-mo TBill at auction yesterday and it's set to auto-roll next month...first time I've done it at auction and also auto-roll, so I'm curious how it all plays out.
Other Tbills I manually roll myself if I'm not otherwise using the money ... I've been mainly sticking with 1-mo TBills just for flexibility.
Again, I'm not a bond person. I just hate giving Schwab .34ER for a MMF and then worry about buying/selling their fund each time I want to make a stock transaction. (Yeah, there are other ETFs available, I know...)

Each time you buy a stock you will have to sell your 1-mo Tbill just as you need to sell Schwab MM.
Is it easier than trading MM? No, a lot harder.
Are you going to get a good price? no way to know
Is selling/buying Schwab MM annoying? absolutely, but I got used to it. I trade in/out of my funds and trade the opposite using my MM.
Looking at treasuries at Schwab with a maturity of 9/15 to 9/30 and I see YTM of 4.09 to 5.066. I will stick with my Schwab Treasury Obligations Money Fund – Ultra Shares (SCOXX) that pay "only" 5.2%. If you don't have the min, you can use SNOXX at 5.05%

Some brokerage advantages in my mind are :
1) Money Market sweep accounts
2) Consolidation of investments (and Tax reporting) at 1 location.

Thank you for your reply.
1) That's good if the agents are able to follow instructions and move the money from the MM sweep account into a new investment vehicle at the right time. But that does not always happen.
2) I can see how that is helpful to the IRS. How does that help me? My question is sincere, not sarcastic.

Some brokerage advantages in my mind are :
1) Money Market sweep accounts
2) Consolidation of investments (and Tax reporting) at 1 location.

(https://seekingalpha.com/article/4629757-how-do-t-bills-bil-stack-vs-other-asset-classes?mailingid=32449091&messageid=2850&serial=32449091.7608)
See below several excerpts.
How Do T-Bills And BIL Stack Vs. Other Asset Classes?
Aug. 19, 2023 5:31 AM ETSPDR® Bloomberg 1-3 Month T-Bill ETF (BIL)2 Comments
Juan de la Hoz
Summary
Higher Fed rates have led to higher rates on most bonds and fixed-income securities.
T-bills have benefited more than most and currently yield +5.4%.
An analysis and peer comparison of t-bills follows.
In my opinion, the overall risk-return profile of t-bills is currently quite attractive, due to their above-average yields and extremely low level of risk. As such, t-bills are fantastic investment opportunities, and particularly well-suited for more risk-averse investors. Investors seeking higher yields might prefer riskier, higher-yielding securities, while more dovish investors might prefer longer-term securities, to lock-in their yields.
I'll be focusing on the SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) for this article, but everything here should apply to most other t-bill funds, and to the securities themselves.
BIL invests in t-bills, which are securities issued by the U.S. Federal Government, the strongest, most credit-worthy institution in the world. Credit risk is effectively nil, as are default rates, barring an unprecedented U.S. default. Due to this, BIL should see negligible losses during downturns and recessions, outperforming high-yield bonds and senior loans. On the other hand, the fund lacks the flight-to-quality effect of treasuries, especially longer-term treasuries, and so should underperform these securities during recessions.
BIL invests in t-bills, securities with very low maturities, duration, and interest rate risk / exposure. All of these are significantly lower than average, lower than most other bond sub-asset classes, but roughly comparable to senior loans.
Conclusion
T-bills currently offer investors above-average yields, very low overall risk, and a very strong overall risk-return profile. As such, and in my opinion, t-bills are fantastic investment opportunities, and particularly well-suited for more risk-averse investors.

Actually, with both manual purchases and auto-roll, T-Bill purchases are coordinated with maturing T-Bills so that the money remains in T-Bills CONTINUOUSLY.
For example, 13-wk and 26-wk auctions are on Monday, and brokers may block the money needed for purchase on Monday afternoon, but the settlement isn't until Thursday and can be covered by maturing T-Bills on Thursday. Only Fido starts sending margin notices but those can be ignored - for once.

18 aug, '23
https://www.bloomberg.com/news/videos/2023-08-18/bloomberg-real-yield-08-18-23-video

18 august, '23.
https://www.bloomberg.com/news/videos/2023-08-19/wall-street-week-08-18-2023

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That's not even a link.
.png is a graphics format file.

+1.
I notice a lot of the same stuff. I was glad to buy a new vehicle, however, when we got here. Peace of mind, for a few years, anyhow. Yes, there are recalls all the time. We took ours into the dealer and the work was done for free. With our down-payment and a discount through a nephew who works at the place, we did good. Payments under $280/month at 1.99%. Nissan Sentra.
4cbe8441-9fdb-4aac-91f7-f82e0b589036(1).png
(That stupid link does not work. Copy a file and try to share it? A major stupid undertaking I'm unwilling to spend time on.)
I notice the daily take-out here everywhere I turn. Crazy fancy nails, too. Etc. Etc.

@rforno : Thanks for the reply. Exactly why I asked . Isn't the money for matured T-bill headed to bank & then back into T-bill on auction day? I'm guessing , that's why I questioned what you're doing .With one month roll, 12* 3 =36 (?) days of low interest.
Let me know how things workout.
Never to old to learn, Derf

https://www.sec.gov/Archives/edgar/data/1480207/000119312523215984/d505325d497.htm
DoubleLine Multi-Asset Growth Fund
DoubleLine Funds Trust (the “Trust”)
DoubleLine Multi-Asset Growth Fund (the “Fund”)
Supplement dated August 18, 2023 to the Fund’s Summary Prospectus (the “Summary Prospectus”), Prospectus (the “Prospectus”) and Statement of Additional Information (the “SAI”), each dated August 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.
The Board of Trustees of DoubleLine Funds Trust has approved a plan of liquidation for the Fund. The liquidation of the Fund is expected to take place on or about October 31, 2023 (the “Liquidation Date”). Effective after the close of business on September 1, 2023, the Fund’s shares will no longer be available for purchase by new investors or existing investors (other than qualified plans). Dividend reinvestments (where applicable) will continue until the Liquidation Date.
The proceeds per share to be distributed to each shareholder of record on the Liquidation Date will be the net asset value per share of the relevant class of shares of the Fund less any required tax withholdings, after all expenses and liabilities of the Fund have been paid or otherwise provided for. For U.S. federal income tax purposes, the receipt of liquidation proceeds will generally be treated as a taxable event and may result in a gain or loss. At any time prior to the Liquidation Date, shareholders of the Fund may redeem or, subject to investment minimums and other applicable restrictions on exchanges, exchange their shares of the Fund for shares of the appropriate class of another DoubleLine fund (if available) pursuant to the procedures set forth under “Other Account Policies—Exchange Privilege” in the Prospectus.
In anticipation of the liquidation of the Fund, DoubleLine Capital LP, the Fund’s investment adviser, may manage the Fund in a manner intended to facilitate its orderly liquidation and the Fund’s portfolio may be reduced to cash, cash equivalents or other short-term investments on or prior to the Liquidation Date. As a result, during this time, all or a portion of the Fund may not be invested in a manner consistent with the Fund’s stated investment strategies, which may prevent the Fund from achieving its investment objective.
The sale of portfolio holdings will result in the Fund realizing gains or losses, and the proceeds payable to shareholders will generally be subject to federal (and state or local, if applicable) income taxes if the redeemed shares are held in a taxable account and the proceeds exceed your adjusted basis in the shares redeemed. The Fund may also make a distribution of undistributed net income or capital gains prior to the Liquidation Date.
If the redeemed shares are held in a qualified retirement account, your account may not be subject to tax withholdings if you take certain actions. For example, if you hold your shares in an individual retirement account (an “IRA”), you have 60 days from the date you receive your proceeds to reinvest or “roll over” your proceeds into another IRA to maintain their tax-deferred status and avoid any required tax withholdings. You must notify the Fund’s
transfer agent at 877-DLine11 (877-354-6311) prior to the Liquidation Date of your intent to roll over your IRA account to avoid the automatic deduction of tax withholdings from your proceeds. If you do not notify the Fund’s transfer agent of your intent to roll over your IRA account prior to the Liquidation Date, the Internal Revenue Service requires that U.S. federal income tax of 10% be withheld from your account proceeds, and your account may also be subject to state or local required withholdings. You should consult with your tax advisor on the consequences of the redemption to you and any actions you may need to take.
Please contact DoubleLine Funds Trust at 877-DLine11 with any requests for additional information.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
-2-
==================================================================
https://www.sec.gov/Archives/edgar/data/1480207/000119312523215986/d514005d497.htm
DoubleLine Real Estate and Income Fund
497 1 d514005d497.htm 497
DoubleLine Funds Trust (the “Trust”)
DoubleLine Real Estate and Income Fund (the “Fund”)
Supplement dated August 18, 2023 to the Fund’s Summary Prospectus (the “Summary Prospectus”), Prospectus (the “Prospectus”) and Statement of Additional Information (the “SAI”), each dated August 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.
The Board of Trustees of DoubleLine Funds Trust has approved a plan of liquidation for the Fund. The liquidation of the Fund is expected to take place on or about October 31, 2023 (the “Liquidation Date”). Effective after the close of business on September 1, 2023, the Fund’s shares will no longer be available for purchase by new investors or existing investors (other than qualified plans). Dividend reinvestments (where applicable) will continue until the Liquidation Date.
The proceeds per share to be distributed to each shareholder of record on the Liquidation Date will be the net asset value per share of the relevant class of shares of the Fund less any required tax withholdings, after all expenses and liabilities of the Fund have been paid or otherwise provided for. For U.S. federal income tax purposes, the receipt of liquidation proceeds will generally be treated as a taxable event and may result in a gain or loss. At any time prior to the Liquidation Date, shareholders of the Fund may redeem or, subject to investment minimums and other applicable restrictions on exchanges, exchange their shares of the Fund for shares of the appropriate class of another DoubleLine fund (if available) pursuant to the procedures set forth under “Other Account Policies—Exchange Privilege” in the Prospectus.
In anticipation of the liquidation of the Fund, DoubleLine Alternatives LP, the Fund’s investment adviser, may manage the Fund in a manner intended to facilitate its orderly liquidation and the Fund’s portfolio may be reduced to cash, cash equivalents or other short-term investments on or prior to the Liquidation Date. As a result, during this time, all or a portion of the Fund may not be invested in a manner consistent with the Fund’s stated investment strategies, which may prevent the Fund from achieving its investment objective.
The sale of portfolio holdings will result in the Fund realizing gains or losses, and the proceeds payable to shareholders will generally be subject to federal (and state or local, if applicable) income taxes if the redeemed shares are held in a taxable account and the proceeds exceed your adjusted basis in the shares redeemed. The Fund may also make a distribution of undistributed net income or capital gains prior to the Liquidation Date.
If the redeemed shares are held in a qualified retirement account, your account may not be subject to tax withholdings if you take certain actions. For example, if you hold your shares in an individual retirement account (an “IRA”), you have 60 days from the date you receive your proceeds to reinvest or “roll over” your proceeds into another IRA to maintain their tax-deferred status and avoid any required tax withholdings. You must notify the Fund’s
transfer agent at 877-DLine11 (877-354-6311) prior to the Liquidation Date of your intent to roll over your IRA account to avoid the automatic deduction of tax withholdings from your proceeds. If you do not notify the Fund’s transfer agent of your intent to roll over your IRA account prior to the Liquidation Date, the Internal Revenue Service requires that U.S. federal income tax of 10% be withheld from your account proceeds, and your account may also be subject to state or local required withholdings. You should consult with your tax advisor on the consequences of the redemption to you and any actions you may need to take.
Please contact DoubleLine Funds Trust at 877-DLine11 with any requests for additional information.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
-2-

What bothers me most is seeing people with low wage jobs spend gobs of money on overpriced trucks, cars and even coffee. One of our desk clerks drove a custom painted Ford F-150. Even back then with low interest rates, I cannot imagine how she afforded the payments. She could have gotten to work in a $1000 junker …

Good points. A terrific fella I knew growing up in the 60s held a higher level engineering job at Ford in Dearborn. Smart cookie. Knew his stuff. The most memorable thing I can remember him ever saying to me: “A new vehicle is a terrible investment.” I doubt many would quarrel with that. But it struck me as especially poignant coming from someone in the industry who could well afford to drive anything he wanted.
On the other hand … I do enjoy driving a newer vehicle with all the latest bells & whistles.
:)
The things many don’t consider adequately when contemplating a purchase are the financing costs and insurance costs, which typically increase with car value.

What bothers me most is seeing people with low wage jobs spend gobs of money on overpriced trucks, cars and even coffee.
One of our desk clerks drove a custom painted Ford F-150. Even back then with low interest rates, I cannot imagine how she afforded the payments. She could have gotten to work in a $1000 junker
My other example is eating out daily, or just buying a "latte". $5 a day, five days a week every week is $1300 a year. Won't send your kid to Harvard, but even today is is not small change. This was before tattoos and nail salons, but they are other examples

Thank you, @Mark One may buy 'cheaply' the book, 'The Millionaire Next Door'. Yes, income is very important, but so are spending habits. I will admit this book and its methods, don't help the ultra poor.

Quite right. You could have eighteen bazillion dollars and be foolish with it, and lose it all. That happens to celebrities often enough. I knew a guy who trusted his accountant TOO much. Never checked the 1040 for himself. He was beholden to the IRS for a helluva lot of money, over a period of years and years.
And if you're very poor, the savings and investment techniques which require the use of MONEY YOU DON'T HAVE are useless. But the school systems truly ought to be teaching financial literacy. Not in order to make students all excellent and talented capitalists. Yet, capitalism is the only game in town--- apart from a hybrid economic arrangement like they have in Scandinavia. (Where poverty and homelessness are not such a scourge, as in the States?) And people DO invest in Scandinavian countries, eh?

@rforno : What brokerage are you using to roll treasuries & what term ?
Thanks , Derf

Schwab.
I bought a 1-mo TBill at auction yesterday and it's set to auto-roll next month...first time I've done it at auction and also auto-roll, so I'm curious how it all plays out.
Other Tbills I manually roll myself if I'm not otherwise using the money ... I've been mainly sticking with 1-mo TBills just for flexibility.
Again, I'm not a bond person. I just hate giving Schwab .34ER for a MMF and then worry about buying/selling their fund each time I want to make a stock transaction. (Yeah, there are other ETFs available, I know...)

Not a bad idea to get off the FR/BL train soon. When rates stop going up, these act just as short-term HY from low-rated companies that cannot access the normal bond market. There is a recession risk too, but the is consensus that it has been cancelled. Bankrate is showing 30-yr mortgage at 7.40%, so at least the housing may be cooked.
BTW, Treasury 2-yr FRNs are different - they yield 3m T-Bill yield plus a spread; they reset weekly.

My research on FR/BL, has indicated they do well in "both" flat and rising interest rate environments. They performed very well for me in the from about 2010 through 2017, when rates hovered around zero for many years. They started struggling more when rate hike fears started getting serious in the 2018 and later years, and then like a lot of junk bond funds, they did not do well when bonds as a whole tanked in 2020, but as rates started rising rapidly after the 2020 crash, they started being one of the strongest bond oef categories. They may not perform as strongly now that rate hikes "appear" to be flattening out, and other bond categories may started performing better, but I am not in the camp that says FR/BL will not still offer some attractiveness. The real threat is if the FEDs start cutting rates, but as long as inflation is still relatively higher than the FEDs desire, I am not expecting any aggressive rate cutting actions. I am in the camp that we may bump around for the next year, without any strong rate hike or rate cut direction.
Just My Opinion, and I do not currently own any FR/BL funds, and haven't for a few years.