@catch22 - Do you have a chart showing the relative performance for the next 7 years? My guess is that those lines will pretty much converge again before this episode is all finished, as they did in 2018 and 2020. More aggressive funds tend to lead both on the way up and on the way down.

@hank @carew388
Fido's FREL etf is a decent RE holding. And it meets your easy in, easy out criteria.
ASRAX v XLRE v FREL chart, limited back date due to fund inception date.

Why don't you use schwab or webull... Very good experiences for me
Google finance yahoo finance free also very good imho
So much descriptions w webull though, 10d MA 50 d MA, 200 d MA, Bollinger bands, rsi, ROC, MACD, etc

@catch22 +1 Beautiful!

@hank et al
Correction, the JD A model is two cylinder. There was a single cylinder motor (moveable) for other uses at the farm.
Hank, the IDLE sound you recall (145-190 rpms, typical).
Now, I won't further pervert this decent thread.

I don't own the fund, but just noticed this on the M* website. This is a copy & paste from part of their fund analysis. The fund has had very good years in up markets under the past several managers, but was down -55.5% in 2022. After 2022 the fund's 5 year average return is barely positive, .32% as of 1/10/23. Current manager is being replaced after only managing the fund for 3 years. Sounds as though there were some differences of opinion regarding portfolio construction and risk management between TRP management and the fund manager.
An unexpected manager swap and investment process pivot lead to a downgrade of T. Rowe Price Global Technology’s Morningstar Analyst Rating to Neutral from Silver.
Manager Alan Tu’s pending departure from this strategy raises a variety of questions that will take time to answer. Consistent with his predecessor, Tu managed the strategy in an aggressive fashion, posting strong results during bull markets in 2019 and 2020, but a tremendous drawdown of over 50% in 2022 led T. Rowe to make changes. Disagreements around Tu’s portfolio construction and risk management amid the tumult led the firm to conclude that analyst Dom Rizzo would be a better fit at the helm. Rizzo became comanager on Dec. 1, 2022, and will assume sole control on April 1, 2023. Rizzo is a reasonable match for the role but has just seven years of industry experience. Rizzo started his career covering small- and mid-cap tech hardware stocks in the United States, then moved to London to pick up coverage of European technology, including a handful of Asia-based companies. He does not have prior portfolio management experience.
Rizzo will manage the fund according to a different mandate. The new approach emphasizes greater diversification across secular themes and individual stocks. Rizzo’s goal is for the strategy to enjoy good—although perhaps less exceptional—performance in up markets, with more manageable downside during drawdowns. His investment guideposts are to invest in companies in secular growth industries with products that are mission-critical for customers, ideally at a time when business momentum is trending upward, and valuations are reasonable. Rizzo says he will rely on these pillars to create a portfolio capable of performing well in a variety of market environments, guided by his outlook over the next 18 months.
While the strategy’s new design seems reasonable on paper, its implementation hasn’t been tested. Further, the transition comes after a period of very weak performance and introduces the risk that the more-conservative portfolio may not make up lost ground in a strong rally as quickly as it would have under its previous iteration. The strategy still benefits from a deep team of capable analysts, and it’s possible Rizzo will be able to successfully steer the fund to success, but the picture is cloudy at the moment.
This strategy has historically been aggressive and highly differentiated from common technology benchmarks, but it will become tamer under its new structure. Manager Alan Tu and his predecessor Josh Spencer kept a relatively concentrated portfolio of stocks with large weightings in fast-growing companies with big potential—and a high level of volatility. Incoming manager Dom Rizzo will ply a modified approach that seeks to smooth out the strategy’s historically lumpy returns by including more-mature companies such as Apple AAPL and Microsoft MSFT, greater industry diversification, and smaller weights in stocks with a wider dispersion of outcomes.
Rizzo targets an 18-month time horizon in his process, which emphasizes buying companies in secular growth industries with products that are mission-critical for customers, ideally at a time when business momentum is trending upward and valuations are reasonable.
Rizzo’s framework is reasonable, but whether he can execute it well is yet to be seen.
This portfolio will undergo changes as it transitions from current manager Alan Tu to successor Dom Rizzo on April 1, 2023. Because of its mandate shift, investors should expect more prominent positions in more-mature mega-caps such as Apple AAPL and Microsoft MSFT. Rizzo believes these companies can still offer good risk/reward despite their size and the alternative of younger companies with faster growth. Rizzo also suggested that the number of stocks held will likely increase somewhat. Under Tu, the portfolio has held 40-60 stocks.
Rizzo indicated that he won’t shun companies with high upside and volatility but is likely to be more particular about when he owns them and at what position size. Tu was highly attuned toward a stock’s upside and was willing to hold large stakes in companies in which he saw the greatest potential. That included a rough stretch in 2022 when many of his holdings saw large share price declines amid slowing growth.
Rizzo will work with Tu to methodically transition the portfolio to its desired state over the following months to April 2023.

@Derf
The friends uncle had an old John Deere, single cylinder (putt, putt, putt) tractor …

So that’s why they sounded that way! Always wondered. Spent 1-2 weeks a summer on farms in the Saginaw Valley region as a kid. Several relatives owned sizable farms for that day. The JDs were great tractors, but weird sounding - almost like they were about to die. Somewhere between a “Put-Put” and a “Bang-Bang”. Big flywheel spinning on the right side of one I recall. Probably kept her from stalling. Thanks for the memories.
The thread? Did some unbalancing today. (Sold some stuff to reduce market exposure after a nice winning streak).

Rebalancing to reduce risk makes good sense to in normal market condition and the year is 2022 is not one of them.
Did considerable reshuffling in late 2021 to get defensive. Shared the details in another post that worked out ok in 2022. As rate hikes are slowing this year, I will build up the bond funds again in the near term. Still cautious on growth stocks especially when earning season is starting.

Of note, Morningstar, Inc. (MORN) is currently selling for $238.14 on NASDAQ, with a market cap of $10.108 billion, annual revenues of $1.85 billion.
They're making a ton of money, but I'm not really sure from who. Frankly, I don't trust their ratings, let alone their website.

@Derf
Had time haying for 2 summers. Usually 2 hay cuts and 1 for straw after the wheat cut. The friends uncle had an old John Deere, single cylinder (putt, putt, putt) tractor, a small baler and a wooden platformed flat farm trailer for stacking. Hay bales weighed almost as much as I did at age 11 and 12. And we always had a hay hook in hand. And yes, the unloading and stacking into the barn loft....fun stuff with that when the temps in the barn ceiling were way too hot.
Paid $1 per day and free lunch in the nearby small town. 'Course, some of the best burgers are at the local bars, eh? A burger, Lays potato chips or fries and a glass bottle of really cold Coke. Sometimes there were extra treats for a bigger lunch.
Straight out of an ad in a magazine of the time.

Silvergate/SI has tapped FHLBanks for billions in advances/loans. The FHLB $s are ahead of EVERYBODY, even the FDIC. This is getting curiouser and curiouser.
https://www.marketwatch.com/story/silvergate-capital-got-4-3-bln-loan-from-feds-amid-run-on-deposits-report-11673459671
https://www.americanbanker.com/news/silvergate-bank-loaded-up-on-4-3-billion-in-fhlb-advances
What is FHLB? https://ybbpersonalfinance.proboards.com/thread/386/fhfa-fhlbanks

The data on "fixing the dirtiest" is fascinating. I also heard today that the author (a Forbes employee) of a book about the meat industry "Raw Deal " calculates that if "plant based meat" and beyond meat etc reached 15% the same penetration of the meat market than non-milk products have now in the milk market it would be equal to eliminating the carbon produced by 25% of the cars in America!
Not surprising I guess when you realize that Cattle ranching accounts for about 30% of the land use in America and Domesticated livestock equal 60% of world's biomass
I am not familiar enough with Fossilfree methodology to know how they arrive at their determinations, where they draw the line, and how the measure plans of any company to improve it's fossil footprint, but I am glad you all reminded me of the site and will do some more digging.
There are so many moving parts here, and companies available, with rapidly changing prospects I think active management is probably better than index funds, unless you use index funds limited to particular segments like Solar, wind EV vehicles etc.
I also believe that this is an engineering problem, but almost all the funds seem to lack engineers who can evaluate new technology.
I lot of fund reports remain vague and not terribly useful.
@LB thanks for tip on ECAT. It is encouraging that BlackRock and Goldman Sachs and Vanguard are creating funds for this

>> back down to 15% or less
you left out the minus sign

For Treasuries (T-Bills/Notes/Bonds, TIPS), limit at each auction is cool $10 million (-:).

I bond is limited to $10K per person @0and additional $5K on their tax return.
CDs and T bills can be purchase in large sums. However, T bills are more liquid and can be sold through secondary market. T bill ladder is recommended so the shorter ones mature every several months. Not the same with CDs since the secondary market is much smaller and one have to watch for the penalty.
Many money market funds are yielding in 3-4% and they are most liquid.

+1 Last paragraph.

Why are you not buying broker CD/Treasury? Fidelity treasuries pays 4.8% for 6 months (https://fixedincome.fidelity.com/ftgw/fi/FILanding) and you don't pay state tax.
Can I trade back and forth with CD/Treasury? it's inconvenienced.
Can I buy several hundreds thousands of I-bonds? I can't.
This is why I use MM and trade anytime I want.
Do I want to own ST vehicles after bonds had one of the worse years in decades in 2022? Absolutely not. I said already in Nov 2022 that bond funds have a good chance to make 10+% and many of them, several % more.
I basically see bond funds as more of a sure thing in 2023 than stocks + much lower volatility.

Can most of America buy several hundreds thousands of anything??? no...

I rebalance quarterly -- generally to control risk.
I have had luck rebalancing into market downturns (COVID, 2008), but the net effect seems to be modest. Here I was using the safer assets (cash, short term high yield) as dry powder and balancing into major drawdowns. My wife, on the other hand, holds fewer safe assets directly, but holds more AA funds (which presumably are rebalancing into drawdowns as well). She seems to have done about the same as I have over the past several years (actually, I do marginally better on average), but with a bit less volatility.
Probably the reason for the low returns to my opportunism is because even though getting the timing right on market entry is straightforward ("hold your nose and jump in"), getting out at the right time is not a simple matter once the juicy returns start to accumulate and I get greedy and hold on too long. I.e., you get a nice15-20% return and feel pretty good about yourself ("you bold and daring genius, you!") -- do you try to take it to 25% and 26% and 27% before ... *whoops* ... the market dips and you're back down to 15% or less.

@Observant1 : Thanks for posting comment about using local library to access the link.
Have a good day, Derf
PS @catch22 :
Did you spend any time in the
hay mow , stacking hay ?
3 years was enough for me !