@sma3, VG website works best on Chrome (some say Firefox too). Safari works fairly but NOT when you want to buy CD. Strange that VG did not ensure that all browsers work without question.
With respect to 1099s, make sure you set up for “electronic delivery” as well. You will get email notification when 1099s are available before the paper copies get send. Typically you can get the electronic copy a week earlier before the paper copies arrive. Over time, I found that is easier to obtain and organize all 1099s in one place for tax purposes.

Hi Sirs (Crash Hank Yogibearbull) been dca weekly sp500 and xlf great long terms good vehicles... Can't go wrong w SPY and XLF)
Also 50 bucks monthly into bit coins btc-cash(BCHUSD) prob think sale once BTC get to 45 50k or so see how memontum turns in 12 24 MONTHS ....who knows may run up to 78k again w new bull cycles (may run 3 4 more yrs)... Also added lithium etf and SGML Chpt last wk. Musk think these will tripple in 4 5 yrs
Also dca monthly into TNA SPXL TQQQ
Maybe easier and more lazy way to do
Lots pundits saying we maybe near bottom 8th of fear/bear cycle run (last 7-9 months) hard to say. Price may not be cheaper in 3 months
Sometime no time to find good vehicles like you did weekly scalpings other wise/good finds will do more research.
Rumors on Wall Street say Hedge funds started to buy small caps etf last wk or so thinking new bull cycles emerging/baby bull born??!!! ... We will find out in 7-12 wks... If Feds pivoting ease Qt Oct meeting
Good luck.. Thank you for suggestions

It is a good start for many. It helps to visualize how much one gets monthly if their 401(k) are annuitizes. Same goes for one’s social security (depends on when the withdrawal dates). If one fortunate to have a pension plan from their employers, one can get an estimate on that too. The sum of these three sources of income after retirement give a decent estimate on the potential monthly income.
Fidelity has a decent retirement calculator to estimate your income and your expect withdrawal amount. Still there are other parts including insurance and other expense not included.

The Secure Act 2019 requires 401k/403b plans to provide lifetime retirement income illustrations in statements. The first efforts will meet the letter but not the spirit of the law. It seems that most plans will just provide how much lifetime income annuity the current balance could buy if the participant was of retirement age TODAY. This may not be meaningful at all as it ignores potential future contributions, higher accumulations due to interest credits alone, changes in rate environments, etc. Of course, any assumptions made on those may also be controversial.
One way could be to use estimates similar to the ones used for deferred-income annuity (bought earlier for income to start later). At least some accepted methodologies exist for those.
Another way could be similar to how the insurance industry handles cash value illustrations. So, multiple assumed rates (2+) could be used and contributions may be assumed at the current level and with some assumed escalation. That may lead to 4+ possible retirement income streams that may be more helpful.
Whatever is done would involve some controversy.
https://money.yahoo.com/401-k-statements-retirement-savings-181646060.html
https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/SECURE Act section by section.pdf
https://ybbpersonalfinance.proboards.com/thread/342/401k-statements-lifetime-income-illustrations

+1

Doesn't seem like there's much of a case for that fund right now: distribution yield is right at 2%, with capital risk and bonds still under pressure, when you can get that or more in a money market fund (e.g., FZDXX at 2.21%) or T-bill held to maturity, without capital risk (just bought a 13-wk. bill at 2.965%).

I’ve watched / listened “off & on” a few times over the day (background noise). I do think all the guests (perhaps except Summers) were very positive on high yield bonds - seeing more growth & value potential there than in equities. Most, especially Blackrock’s Rieder, also mentioned that some select areas of the stock market have potential - but more of a waiting game. Overall, they cast a cloud over the equity markets.

Agree. Reider is enjoyable to listen to. From the Dept. of Confirmation Bias: I'm glad for my 11% of portfolio in junk bonds TUHYX.

Price website shows Top 10 monthly. I suppose after admitting that he was frustrated and not happy with GE, he decided to sell - it is gone from Top 10 but he may be holding a small position. Here is the monthly status of GE (scroll to Holdings/Top 10 Holdings),
https://www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/capital-appreciation-fund.html
Date, %, #
12/31/21, 4.41%, 4
1/31/22, 4.59%, 4
2/28/22, 4.67%, 3
3/31/22, 3.79%, 3
4/30/22, 3.22%, 2
5/31/22, 3.38%, 3
6/30/22, 3.05%, 4
7/31/22, 3.01%, 4
8/31/22, Gone from Top 10

This is an interim report on mutual fund to brokerage transitions (4 IRAs, 1 Trust).
The IRAs transferred easily and automatically for my wife and I. Both T-IRA and R-IRA transitioned together. All personal info transferred except one secondary phone number that I added later. Beneficiaries also transferred, and so did the bank links (I was surprised by that).
As others have noted here or elsewhere, VG created a new VMFXX (settlement) although we already had VMFXX. To avoid possible confusion, I moved all of the old VMFXX onto the new VMFXX (settlement).
Trust a/c transition is still pending. It required more papers - upload of copies of some trust pages, more Trust related questions. I had to call an indicated number as the auto-process got stuck and was I surprised to get through quickly - it could be a special number for account processing. Apparently, some manual processing is also required at Vanguard's end, so this is still pending. I will follow up on it mid next week if not done by then.
I didn't sign up for electronic delivery - that option was offered but I skipped. I know I have to do that too by the month end.
I give B+ for the process.

I noticed on the TRP website for the portfolio of PRWCX dated 8/31/22 that GE is no longer listed as a top 10 holding. Don't know if this is due to trimming the position a bit or total elimination of it.

Yes, and TRP is clunky when it comes to looking at a fund's portfolio beyond the top 10. In fact, I found it IMPOSSIBLE to find. Geniuses at work there, on their website. Clicking on the link labeled "See complete holdings" takes you around in circles---to nowhere.
Dated 30th June, '22, from Giroux:
"So why do we continue to hold GE? First, we have a large catalyst over the next 18 months as GE will be split into three companies. The health care business will be spun off in early 2023 and we believe this security will receive an attractive valuation given its mid-single-digit organic growth rate, margin expansion opportunity, double-digit earnings growth, and strong free cash flow. Second, the power and renewables businesses will be spun off in 2024. The leader who turned around the power business is now leading the renewables business and we have high hopes that it will be a mid-single-digit operating margin business by 2025–2026 under his leadership. Today, the market is effectively capitalizing the losses in renewables forever. The renewables business does not deserve to have an 11-figure negative value just because it is currently losing money. Third, aviation is a great business that should be poised for a decade-plus of excellent growth given how young its fleet of engines is (many have yet to go through their first or second overhaul). The sooner this business is freed from the renewables business, the better. Fourth, and maybe most importantly, even using conservative assumptions we believe the upside in GE is still substantial. When I look back over the last four years of GE, the company has had some incredibly bad luck between COVID, the supply chain, Russia, and a sudden decline in wind turbines due to a lack of renewal of the wind tax credit. But these haven’t been the only problems with our investment in GE; I have also made some process errors along the way. The range of outcomes and degree of predictability of GE has always been larger than many of our other large holdings, and as such it should have been a much smaller holding. While I continued adding to GE during periods of weakness, I was less aggressive reducing the position during periods of strength..."

I noticed on the TRP website for the portfolio of PRWCX dated 8/31/22 that GE is no longer listed as a top 10 holding. Don't know if this is due to trimming the position a bit or total elimination of it.

Just viewed Bloomberg’s Wall Street Week. Won’t link to it because there’s a running thread that someone updates weekly. And, also, wasn’t too impressed with the main guests - although Rick Rieder (Blackrock) is always fun and informative to listen to.
E-Gads the overall tone in all the media is so bearish - even with the S&P off more than 15% YTD and the NASDAQ down more than 20%. I won’t state an opinion on market direction remainder of the year. Will say I’m more optimist longer term than 90% of the “experts.” I always find it odd that folks prefer to buy equities when they’ve been red hot rather than after they’ve cooled down and gotten cheaper. There may well be a recession out there somewhere. But this baby’s been the most over-predicted recession I can ever remember. Likely, stock and bond valuations have already experienced some heavy “discounting” in the eyes of the storm watchers.
Psychology seems to go something like this: Dow falls 500 points from near 37,000 to 36,500 and a fella races in to “buy the dip.” A year later, Dow has fallen 5,000 points to 31,000 - 32,000 and now it’s something those (now reformed) dippers won’t lay a hand on. :)
Interesting Observation: “With bullish sentiment having averaged a reading of only 24.22% in 2022, it is below the previous runner-up and record low of 27.29% and 27.08% in 1988 and 1990, respectively. That low average is thanks to twenty weeks so far this year where bullish sentiment has been below 25%.”
SOURCE

+1 Thanks Yogi.
From your list of Tips - “The free PV version doesn't allow STORING portfolios (anymore) … “
I found that not to be the case. After logging out (before posting here) I was still able to get back in. All 3 saved portfolios were intact. Bit of a hassle. My earlier password didn’t work. They quickly sent a new one to the same email. The issue is partially with Apple’s password generator which I was trying to circumvent in order to use a simpler password. There’s an option to “remain logged in” which would seem swell as long as you don’t share the device with others.
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Added: The more I use this app the better I like it. It “remembers” you well if you prefer to “stay logged in.” While the free version has indeed saved my 3 portfolios after logging out today, I’ll be curious to see if they are still there tomorrow. A Song - “Will You Still Love Me Tomorrow?”“
Updated Report / Sunday 9/11 - First, the link I provided ceased allowing access. Appears to be designed for professionals only. The link asked only for my email which it rejected when entered. A Google search pulled up the same app at Apple’s App store. On downloading it I was granted immediate access without logging in and found my 3 portfioios still there.
I can understand why this app appeals to professional investment managers. Invredible capabilities. Nice presentation. One thing I hadn’t realized is that “Beta” is a moving target, changing over time. So, in comparing my current portfolios to various benchmarks in 2021 I found them a bit higher on a relative beta basis. I assume it’s because the funds I compare to are a lot heavier in bonds than I am, which held up better in 2021 than in the current year.

According to VBS, the five Treasuries you see at Fidelity is the full list of open auctions. For auctions that are not yet open, there are no indicative yields available for them.
VBS shows the nearest offering for each Treasury maturity period (e.g. 1 month, 2 month, etc.) along with its opening and closing dates. This includes both the five Treasuries that are already open and other Treasuries that have firm auction dates (albeit in the future).
https://www.treasurydirect.gov/instit/instit.htm?upcoming
https://personal.vanguard.com/us/FixedIncomeTrading (login required; select "auction" radio button)
Treasuries further out in the future may not even have firm auction dates, merely tentative ones.
https://home.treasury.gov/system/files/221/Tentative-Auction-Schedule.pdf

I collected some tips on PV here,
https://ybbpersonalfinance.proboards.com/thread/311/portfolio-visualizer-pv

I was looking for a way to understand the risk characteristics of my total portfolio and well as sub-sets within the whole.
This free app does all that. But it’s a “royal pain” to understand & use at first. I’ve spent close to 2 hours playing with it and inputting various portfolios. Handles funds and stocks. Easy to register. Use a nickname if you prefer and your choice of email for a confirmation code. Nothing else required.
What I’ve been able to do so far:
- Save 3 portfolios (the main one plus 2 sub-sets)
- Compare multiple years’ performance / volatility (including current) on a variety of formats (bar, graph, etc.) to a chosen benchmark (changeable when desired)
- By clicking “metrics” pull up a wide range of metrics applicable to a given portfolio. The benchmark selected defaults to a “beta” of 1. I found, for example, that my overall beta is about .95% of one of TRP’s conservative 40/ 60 funds. For those concerned about “drawdown” it calculates those numbers as well.
- It’s possible ro run some tests before registering. I used my “Alternative Assets” sub-portfolio with just 7 holdings for that purpose.
- Would be interested to know if anyone else finds this thing useful and in what ways.
https://www.portfoliovisualizer.com/

September 9, 2022

This weekend’s guest who recently reopened his fund to new investors because of the “improved opportunity set.” He is Tom Atteberry, now Senior Advisor to FPA New Income Fund having just retired, as planned, from his portfolio manager duties in July of this year. He had been Portfolio Manager of the fund since 2004.
Atteberry will discuss why they have reopened the fund and where they are investing now. He will also share his current preference for asset-backed bonds over Treasuries and corporates.

"Since 1999, Enbridge's Line 5 has transported nearly 80 million barrels of Michigan-produced crude oil. That works out to an average of approximately 14,000 barrels each day."
But, then I found this:
"The Enbridge terminal at Superior conveys western Canadian crude oil from various incoming pipelines (including lines 1–4) to Line 5 and Line 6, which go around the northern and southern shores of Lake Michigan respectively." (Wiki.) ...So, I expect the MICHIGAN oil is only part of the total.

@MrRuffles,
My Insurance plan is a government subsidized (due to my low income) HDHP ($6500 deduction) plan and is an HSA qualified Plan. Not all HSA owners are upper income.
My question is pertinent to low income, young, healthy individuals who have an HSA as an option. The Saver's Credit is directed at the low income.

But the ability to invest an HSA for the long-term as an investment vehicle for retirement only works if either: (1) you have little need for healthcare throughout your adult life or (2) you have enough disposable income to pay for your healthcare expenses out-of-pocket and don’t need to tap your HSA.
HSA’s were sold as a means to lower the cost of health insurance through HDHP’s but give a tax break for medical expenses for people who couldn’t afford higher premiums. Of course, like everything else in our assbackwards US healthcare system, it turned into a case of the tail wagging the dog.

Thanks @Catch22,
Not wanting to give the wrong impression, I did the math and ARKK currently accounts for 1.75% of portfolio. As stated earlier, a counterbalancing / parallel consumer staples stock is of roughly equal weight (3.5% combined). Per Mark Antony, “Bravery should be made of sturner stuff.” :)
The best way to view my current take on risk (in a widely diverse portfolio) is to look at the % allocated to all forms of fixed income, including cash. My normal fixed income allocation is 20-25%. It is currently at 19%, putting me at a slightly higher than normal risk exposure. Should markets experience a prolonged uptick, I’ll increase fixed income / reduce risk.
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The stated fixed income allocation is a “raw” number and does not include additional amounts that may be held inside allocation & alternative type funds.