XLC (Communications Services Select Sector SPDR Fund) has a 23% position in FB yet is only down roughly 6.5% 0n the day.

Mr. Giroux’s 2nd largest holding, Amazon (AMZN), is down 7% today. (Maybe in sympathy with Facebook?) Lipper lists AMZN as 5.5% of his portfolio.
“Too smart by half” is an old saying that might apply. :)

Shares of Facebook parent company Meta (FB) sank to a 52-week low on Thursday, following a disappointing Q4 earnings report and news that the social networking giant is struggling to contain the damage from Apple’s (AAPL) iOS privacy changes called App Tracking Transparency (ATT).
Friends phone & kindle are driving her & Me nuts. It seems Amazon whats to use Google as a way to take you .
Thanks for any replies, Derf
.

M* JR has an article today on falling dominos: ARK, SPACs, meme stocks, SC-growth. Next? Some LC-growth. https://www.morningstar.com/articles/1076351/the-stock-markets-dominoes-are-falling

Thanks for all the data @bee. Since you quoted my humble words, I want to add here:
1. I’m not Warren Buffett.
2. To roughly paraphrase Christine Legarde today, “I don’t make unconditioned statements.” So note that I began my response saying “Depends so much on somebody’s situation.” In Larry’s case that would include (among many other factors) the age and health of his spouse as well as his legacy planning.
Aside from the above, Warren Buffett is the “perfect” investor to quote in this thread. Two ways to view it: (1) At 91 he himself may be in cognitive decline and an unreliable source or (2) at 91 he’s testament to our ability to continue making good decisions as we approach the century mark. I have a friend who’s 92 and her mind is sharp as a tack. Unfortunately, it’s the other parts that are giving out.
Would love to hear others debate the pros and cons of Buffett’s advice. All ears.
BTW - Most fiduciaries today allow seniors to designate a responsible individual to make decisions for them in the event their cognitive abilities fail them.
https://www.cnbc.com/2018/05/15/advisors-are-asking-their-clients-for-a-trusted-contact-choose-wisely.html

I charted three approaches:
100% VWINX (larryB Portfolio)
90% / 10% VFINX / VFSTX (Bufffet Portfolio)
100% PRWCX (Moderate Allocation Fund)
If we are at high valuations VWINX would provide the best downside protection, but over the long term not the best choice for capital appreciation.
I tend to like the historical performance of a fund like PRWCX. Historical performance doesn't repeat , but I tend to think it rhymes.
1988 -2022 (starting with $100K and a 4% WD rate):

200-2022 (from Tech High) (starting with $100K and a 4% WD rate):

PV FAQs cover lots of topics,
https://www.portfoliovisualizer.com/faq
It may be more useful to ask specific questions on PV usage.
The MOST attractive feature of PV, for me, is that it is the only FREE tool (as far as I know) that will calculate PORTFOLIO stats (SD, beta, alpha, correlation, Sharpe Ratio, Sortino Ratio, Drawdowns, ER, rolling-returns).
Limitations are that most PV results are based on MONTHLY data (daily or weekly data can provide more refined results), the US stock market is used as reference for the MPT stats (and that may not be appropriate for all situations), subscription is required to save portfolios on the website but one can save portfolios on the PC and use "UPLOAD Portfolio" feature to upload up to 3 portfolios, data go back to 1985, PV runs are limited by the portfolio component with the shortest HISTORY (so, a substitute is required for longer runs).

@hank said:

I think your thinking in terms of late life portfolio positioning

@WarrenBuffet said:

“My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers”.

warren-buffets-instructions-for-wifes-inheritance

Pretty tough month!
All sectors down, some considerably, but one: energy.

The ECB was on HOLD with the rates but MAY raise rates twice this year.
https://www.cnbc.com/2022/02/03/ecb-rate-decision-february-2022-inflation-.html
With the US media wild on speculations of 3-7 rate hikes by the Fed (5 by the fed fund futures market), any bond (price) upticks should be short-lived.

Getting complicated. The U.S. 10 year rate did a U-Turn this morning and bounced much higher after the European Central Bank alluded to worsening inflation and indicated rates might rise. . At last glance, the U.S. 10 year was at 1.83%, up from 1.77% last night.
(Thanks @Yogibearbull for the correction.)
Story re ECB
10-Yr Treasury Yield
Here’s a recent thread on RLSFX. I noticed at the time that it had roughly 3.5% in Meta Platforms.

Thought it worth resurrecting this thread on a day with Meta Platforms (previously Facebook) down more than 20%. (At 10:30 AM Bloomberg had it down 24% for the day.) The etf “META” doesn’t surface on Lipper (for me anyway) but M* shows it down about 19% YTD. That’s better than ARKK, which is still down over 25% YTD.
Story from Reuters

Wow. Who isn’t thinking about that? Depends so much on somebody’s situation. I tend to worry a lot. So I’ve long contemplated that the worst possible “1-2 punch” in retirement might be: (1) loose half or more of your invested assets in a market crash and than (2) get hit with very high inflation for the next decade. That’s not a prediction. Just a worst case scenario, Like I said, I worry a lot.
I’ve heard good things about Wellesley on the board over the years. It appears to be moderate risk with a beta according to Lipper of .38. I’d guess my own do-it-yourself portfolio (age 75) right now to have a beta somewhat lower than that - but have never attempted to measure it. At Lipper / Marketwatch, clicking on “Risk & Return” ” tab brings up a fund’s beta - one measure of volatility.
I think your thinking in terms of late life portfolio positioning is on the right track Larry. As far as the cognitive issues, it’s an area I can’t offer any insights on. I work out daily, eat a healthy diet, etc. etc.

Just to be credible, this is what I saw when I logged into my account this morning:

Looking @ everyone's comments I think there are no single comparable International funds. I think though that a combination of at least 2 or 3 funds will be a better choice. PRWCX Equity holdings basically mirror those of a conservative large
Growth fund or Large Blend fund. The 30% non-equity holdings are very unlike typical 50 - 70 allocation funds. Per Morningstar as of 12/31, these 3 categories of non equities have the following Portfolio Weights.
Bank Loan 37.35%
Cash & Equivalents 37.34%
Corporate Bond 21.83%
While I feel comfortable selecting a large Blend International Fund like TROSX or MDILX, but not sure what single bond fund would be a match fund, and I don't think an International Bond fund is necessary. Therefore maybe a bank loan fund, cash and a Corp bond fund that invests in Low Quality Limited Sensitivity
to interest rates. Not sure about a Corporate Bond choice - just following the Morningstar description. Thanks for all your suggestions. Any suggestions for the multiple fund concept?

(Excerpt) The rally came as technology bellwethers Meta Platforms Inc. and Spotify Technology SA forecast slowing growth, adding to concerns that monetary policy tightening will hurt the global economy.“The main news this morning is Meta’s numbers falling short of estimates,” said Andrew Ticehurst, rates strategist at Nomura Holdings Inc. “This has given us a bit of risk off, with E-mini around 1% lower, the Aussie and kiwi a little softer and bond yields down a few basis points,” he said, referring to S&P 500 futures.Benchmark 10-year yields in Australia and New Zealand fell at least four basis points. Treasuries rallied across the curve, with the 10-year yield down one basis point to 1.76%. Japan’s benchmark held steady at 0.175% after touching a six-year high of 0.185% this week.
What’s interesting is that late Wednesday evening the futures markets are looking glum, with the NASDAQ off 2.25%. Asian markets lower as well. Hoping not a bad sign for Thursday. I also think the movement in bonds is interesting - especially if it carries over to the U.S. markets Thursday.. FWIW - I can’t see how the issues re the Ukraine can be helping matters any.
Bloomberg is quoting 1.76% on the 10 year late Wednesday. That’s very close to the 1.74% it reached last March, So the Fed can “huff and puff” all they want. Yes, they can push short term rates a lot higher. But if longer term rates (market driven) don’t cooperate they face a real dilemma ISTM.
https://finance.yahoo.com/news/global-bonds-rally-meta-growth-014605670.html
(Had better luck with this link not running my ad blocker. Not a lot of news at late night hour, so took what could find.)

Several international funds have APR's comparable or better than PRWCX over different timeframes. But there does not appear to be any fund with a combination of high R, comparable Sortino and APR. Looking at the data, it does not appear that these indicators are useful towards finding a PRWCX equivalent for international.
For example, below are some 15Y stats (Giroux has been running PRWCX since 2006 I think so 15Y is a good comparable stat)
OSMAX: 10.6
PRWCX: 10.3
MATFX: 10.3
FEAAX: 10.2

Not sure any of these statistical or return "correlations" matter per the original poster's question.

I'm looking for a similar fund which invests in the same fashion and falls into the same Allocation range 50 -70%, but which invests Internationally.

Bottom line, there doesn't seem to be an international balanced/allocation fund in the 50-70% equity category- period, let alone an international balanced fund similar to PRWCX. I'm quite surprised by that given the thousands of funds out there.

As a follow up, in order to get more candidates, I lowered the Sortino threshold to 1.5 and picked the 10 highest rated funds(excluded country specific funds).
Out of this crop popped out Grandeur Peak International Stalwarts Inst and Fidelity Series International Growth both with a R of 0.88

@david - tks
Here is the two part exercise I did
(1)Screened for international funds older than 5 years, Sortino > 2 and APR > 10. PRWCX Sortino and APR for past 5 years are 2.33 and 15.2 respectively
(2)Run a correlation matrix on the result set with PRWCX
The highest correlated are
WCM Focused International Growth Inst (0.87)
Brown Capital Management International Small Company Inst and WCM International Small Cap Growth Inst both tied at 0.85