Recent FMIMX performance relative to the M* Mid-Cap Blend category has been very good.
For periods ending 06/30/2023:
YTD: 13.6% (top 10%)
1 Yr: 26.0% (top 3%)
3 Yr: 21.0% (top 1%)

I added SPC to my conservative withdrawal bucket pretty much at inception. It now makes up about 20% of that account, about 2x as much as RPHYX at 10%. It's on pace to make 6-7% this year. Not sure you can find a more consistent trend up than SPC since Sept. 2022. I bought in because I trust the manager.

@FD1000 I have been reading that you are a proponent of 3-line break. What is it telling you today regarding ORNAX and NHMAX? Please don't come back in three weeks and tell us what it told you on 7-14-23.

mmm...so you want to learn but over the years you weren't so nice.

Racq wants to learn too, and he has been very nice to you.

No problem, Racq can contact me and I will be glad to explain it. You trashed me before too.

and fascinating retrospective
https://www.nytimes.com/2023/07/14/opinion/inflation-economists-soft-landing.html

@Crash, under the circumstances, get a far-off target date from a company you are comfortable with. Seems like that is T. Rowe.

:)
+1.

@Crash , you've not noted:
--- taxable account or Roth IRA ?
Taxable. We intend to put his name as primary, and my wife as the other joint-owner. (She's 19 years younger than me. Like my dear son, she does not "grok" investing at all. But eventually, some things will move beyond my control. Eventually, EVERYTHING will move beyond my control.) A taxable account means no worries about running afoul of the splendid and gorgeous and marvelous IRA rules brought to you by the glorious IRS.
--- If a taxable account, an ETF basically has no short/long taxable annual distributions; with the exception of possible dividends for tax reporting. While traditional mutual funds will have these taxable events every year. There are many very acceptable etf's that a 30 year old should be investing into, and the ER's are generally very low. 30 years old= growth, growth, growth.......ride out the machinations.
I have made an executive decision, myself: no ETFs. I don't like the way they behave, somehow. I've owned and already sold two. No more ETFs.
--- Roth IRA....course, no annual taxation, annual limit for 2023 is $6,500. ANYONE may provide the money to fund the account, as long as the owner 'HE' has taxable income that satisfies the funding limits for the year. We funded our daughter's ROTH when she had income for a given year, starting at age 14. She kept her income for her needs at the time.
My son does not possess an "investing bone" in his body, anywhere. Does not want to even deal with the necessary papers. He's about as organized as his mother. Has no desire to do any investing homework or come up with a plan, or learn the admittedly abstruse, esoteric jargon. I've had some conversations with him about it, trying to simplify and break it all down, avoiding the whacked, specialized terminology. He flatly told me: "All I need is a single fund that I can hold for a long time, and just let it ride."
--- Has your son viewed the Fido site? If so, what is his opinion? If he is comfortable with the site, will he not he be the one maintaining the investments/site when you can not longer perform this function?
No, surely he's not seen the Fido website. He doesn't even know where to begin. Previously, I sent him MAPOX IRA paperwork, and he got entangled in it all and wasn't even sure where to fill out the forms. (I have since told him simply: Just look for the pages with blank spaces that tell you to provide X, Y and Z.) He is NOT dumb, just is the type who prefers to fly by the seat of his pants and eschews sorting, organizing, arranging----- or CLEANING HIS ROOM. LOL.
He will surely not be active in monitoring his mutual fund. Truthfully, I suspect I will be contributing the lion's share of what goes into it. And after getting a dose of Fidelity's website, that mutual fund will not be a Fidelity fund. (I think I've all but decided on RPBAX. He's not even going to CARE which one we use.) He is cobbling together three jobs to make a living. Doing alright for himself, in that regard.
A full world of investment choices with Fidelity.
I provided a number of choices for a young niece and her mother.....
A theme, yes, for a young person in particular; but also suitable in part for an older person, when adjusting some of the holdings positions by percentages. Redundancies with some holdings, yes. But, not a problem.
The above 6 bar chart from Sept. 13, 2016 (inception date limitation)
Using standard charting.
Time frame of niece's investment period chart< (3 years)>
'Course, this time frame includes the 2022 period of 'face slapping' until near the end of October when the equity and bond markets rotated towards a positive direction for performance. Generally, equity and bonds ranged down between -13 and -16% in 2022, including gains that started in October.
Remain curious,
Catch

Your thorough and thoughtful response is a thing I'm grateful for, @catch22.

+1.

Does TRP treat "regular" 401(k)s differently from solo 401(k)s? I can't say.
I guess you mean you were the only one covered in the 401k? I had the same sort of 403b with TRP. Then, yes, I was able to roll it over into an IRA, when I wanted to do so. That included PRWCX.

Did you already have PRWCX in your 403(b)? If I had owned shares in my 401(k), I could have rolled them over directly into a TRP IRA. AFAIK, TRP does not let you open PRWCX in a rollover IRA if you don't already own shares in the employer plan.
Some IRA custodians seem to suggest that you can buy into a closed fund when rolling over money from an employer plan so long as the plan offers that fund as an as investment option. For those custodians, it doesn't matter whether you personally invested in the closed fund before rolling over your account.

@Crash , you've not noted:
--- taxable account or Roth IRA ?
--- If a taxable account, an ETF basically has no short/long taxable annual distributions; with the exception of possible dividends for tax reporting. While traditional mutual funds will have these taxable events every year. There are many very acceptable etf's that a 30 year old should be investing into, and the ER's are generally very low. 30 years old= growth, growth, growth.......ride out the machinations.
--- Roth IRA....course, no annual taxation, annual limit for 2023 is $6,500. ANYONE may provide the money to fund the account, as long as the owner 'HE' has taxable income that satisfies the funding limits for the year. We funded our daughter's ROTH when she had income for a given year, starting at age 14. She kept her income for her needs at the time.
--- Has your son viewed the Fido site? If so, what is his opinion? If he is comfortable with the site, will he not he be the one maintaining the investments/site when you can not longer perform this function?
A full world of investment choices with Fidelity.
I provided a number of choices for a young niece and her mother using past performance numbers and what each investment was able to provide based upon their exposure in the investment world. The niece has many years in front of her for investing .
They decided (the niece) to fund a Fido ROTH among six choices, mostly equally funded of:
---QQQ, etf
--- BOTZ, etf (robotics +)
--- FSMEX, medical tech. OR IHI etf, which about a twin for performance
--- FHLC, etf, broad healthcare (some downside market protection)
--- FTEC, etf, technology
--- FBALX, a hard to beat for performance balanced fund, generally 70/30
A theme, yes, for a young person in particular; but also suitable in part for an older person, when adjusting some of the holdings positions by percentages. Redundancies with some holdings, yes. But, not a problem.
The above 6 bar chart from Sept. 13, 2016 (inception date limitation)
Using standard charting.
Time frame of niece's investment period chart< (3 years)>
'Course, this time frame includes the 2022 period of 'face slapping' until near the end of October when the equity and bond markets rotated towards a positive direction for performance. Generally, equity and bonds ranged down between -13 and -16% in 2022, including gains that started in October.
Remain curious,
Catch

Does TRP treat "regular" 401(k)s differently from solo 401(k)s? I can't say.
I guess you mean you were the only one covered in the 401k? I had the same sort of 403b with TRP. Then, yes, I was able to roll it over into an IRA, when I wanted to do so. That included PRWCX.

If one has $250K or more invested at T. Rowe Price, one can invest in PRWCX. To help meet that threshold one can include the amount planned for PRWCX by first moving cash into a TRP MMF.
There is a commonly held perception that if one transfers a share of a closed fund to another investor, then that other investor will be able buy more shares. Maybe, maybe not. It may not even be possible to transfer the share.
When Vanguard closes a fund, it prohibits new accounts from being opened in that fund. That includes opening a new account to receive a gifted share. This is based on personal experience. The first time I did a partial conversion of a closed fund from a T-IRA to a Roth IRA, Vanguard balked. It was only when I pointed out that I already had an account with this fund in my Roth that Vanguard permitted the transfer (convesion) to be performed.
Other funds/families may explicitly exclude owners of accounts opened with a gifted share from purchasing additional shares. Or they may state that to qualify for additional purchases, the current owner must have owned some shares continuously from the date the fund closed. I've seen both of these in prospectuses but can't recall where at the moment.
T. Rowe Price is a bit more ambiguous but may also prohibit share recipients from purchasing additional shares. PRWCX's prospectus says that "Transferring ownership to another party or changing an account registration may restrict the ability to purchase additional shares."
With respect to gaining access to PRWCX by rolling over a 401(k) to a TRP IRA, this too is at best ambiguous. I had a (solo) 401(k) administered by TRP. When rolling assets over into a TRP IRA, I asked about opening PRWCX. I was told then that if there had been 401(k) money in PRWCX I could move it to PRWCX in the IRA. Otherwise I could not open a new position even when doing this rollover. Does TRP treat "regular" 401(k)s differently from solo 401(k)s? I can't say.

>>>Would really love to hear @Junkster’s take on your question. He’s the expert on HY.<<
Not really as except for a short period last summer haven’t had any meaningful position in junk for several years. I do like CSOAX in that space but it is more of a hybrid junk fund also holding bank loans. I have held that one a few times this year and still hold a position. But bank loans now are massively overbought with a few in that category not having a down day since late May. The epitome of trend persistency. Edit: I have orders in today to lighten up in that category.
One interesting stat on junk bonds that would keep me bullish is since 1980 after a down year (such as 2022) the next year (2023) is always positive and in all instances but one the gains were double digit. Of course in all those previous down years spreads had widened considerably. That was not the case last year. I also would attack junk bonds with an OEF and never an ETF.

”It just seemed to me that the overall tenor of the comments constituted a pretty conservative investing approach for a young college graduate.”
That’s good sense if someone is working, contributing, dollar-cost averaging in. In the grandson’s case it’s a windfall from an inheritance. Lump-sum investing vs dollar-averaging. Much different. So, the conventional wisdom to be aggressive in the early stages is misplaced in this instance ISTM. Additionally, the grandson likely hasn’t had time to learn and experience the real world of investing. Can’t just pick up a book and know everything. Some of my best lessons came from losing money in the early going. Glad I didn’t have much to invest back than.
“Stodgy”? I don’t know … Some younger blood would be nice here if you know how to pull them in from Farcebook and the like - or even get them to stop texting for 10 minutes.
PS - One early lesson learned the hard way was that when all the media hype and freely rendered Mom & Pop “conventional wisdom” is leaning in one direction on a given asset … it’s time to move on.

https://www.sec.gov/Archives/edgar/data/1683471/000089418923004740/truesharesecozliquidation4b.htm
497 1 truesharesecozliquidation4b.htm TRUESHARES 497E
TrueShares ESG Active Opportunities ETF (ECOZ)
a series of Listed Funds Trust (the “Trust”)
Supplement dated July 14, 2023
to the Summary Prospectus, Prospectus and
Statement of Additional Information dated April 30, 2023
After careful consideration, and at the recommendation of TrueMark Investments, LLC, the investment adviser to the TrueShares ESG Active Opportunities ETF (the “Fund”), the Board of Trustees of Listed Funds Trust approved the closing and subsequent liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund was expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders on or about July 31, 2023 (the “Liquidation Date”). Shares of the Fund are listed on the NYSE Arca, Inc.
Beginning on July 14, 2023 and continuing through the Liquidation Date, the Fund will liquidate its portfolio assets. As a result, during this period, the Fund will increase its cash holdings and deviate from its investment objective, investment strategies, and investment policies as stated in the Fund’s Prospectus and SAI.
The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date. Prior to the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for the Fund’s shares during that time period. Customary brokerage charges may apply to such transactions.
If no action is taken by a Fund shareholder prior to the Liquidation Date, the Fund will distribute to such shareholder, on or promptly after the Liquidation Date, a liquidating cash distribution equal to the net asset value of the shareholder’s Fund shares as of the close of business on the Liquidation Date. This amount will include any accrued capital gains and dividends. Shareholders remaining in the Fund on the Liquidation Date will not be charged any transaction fees by the Fund. The liquidating cash distribution to shareholders will be treated as payment in exchange for their shares. The liquidation of your shares may be treated as a taxable event. Shareholders should contact their tax adviser to discuss the income tax consequences of the liquidation.
Shareholders can call 1-800-617-0004 for additional information.
Please retain this Supplement with your Summary Prospectus,
Prospectus and Statement of Additional Information for reference.

https://fundresearch.fidelity.com/fund-screener/results/compare/morningstar-rankings/averageAnnualReturnsYear3/desc/1?order=&amp;tickers=PRWCX,FBALX,CBLAX,VGWLX,FMSDX
The LT, consistently HIGHEST M* rankings of PRWCX, FBALX and FMSDX in their respective categories should tell an investor just about everything they need to know to make a proper decision.

I bought HYDB in 2021 and its down about 12% but might be about even with Div. I enjoy the monthly div @ over 8% but ALL I read is one needs to sell bond funds. Does anyone have any input on how safe it is or is it time to sell. PV shows its been a close race with PIMIX since 2021.

Just sold HYDB. Tiny position, small loss. The "opportunity cost" was making me itch. I could have just sat on it, but it was not serving my needs. And my two OEFs that are in junk were doing much better. But I took the proceeds, and together with proceeds from the sale of SCHP, I bought more shares in one of my equity positions that have been beaten-up.

I bought HYDB in 2021 and its down about 12% but might be about even with Div. I enjoy the monthly div @ over 8% but ALL I read is one needs to sell bond funds. Does anyone have any input on how safe it is or is it time to sell. PV shows its been a close race with PIMIX since 2021.

HYDB lost 16% in 2022, but has gained nearly 4% in 2023. I wouldn’t care to have more than 10-15% of portfolio exposed to high yield bonds. But I’d hang on to the fund if it were me and I was under 10% allocated. Why lock-in a loss?
The “sell bonds” mantra here and elsewhere (which I think is overdone) pertains mainly to interest-rate sensitive bonds. It is based on a belief that interest rates will continue going up. High yield has other attributes and is less prone (but not immune) to interest rate risk. That’s not to say high yield is less risky; just that the risks are different from what we normally call “bonds.” Would really love to hear @Junkster’s take on your question. He’s the expert on HY.

You two really deserve each other.

Mona asked a serious, honest question, pretty much knowing she would NOT get a serious, honest answer.
FD deflected, just as he has done since I first read a post of his about 15 years ago.
I duly noted that.
And yet you troll me.
Got it.

+1.5

I bought HYDB in 2021 and its down about 12% but might be about even with Div. I enjoy the monthly div @ over 8% but ALL I read is one needs to sell bond funds. Does anyone have any input on how safe it is or is it time to sell. PV shows its been a close race with PIMIX since 2021.