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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
  • What The Hell Is The Stock Market Doing? Cullen Roche
    I'm just pissed my conservative income portfolio in my IRA is doing worse than S&P 500. I guess I don't know what it means to be conservative. It would seem I should have been in LG funds
  • Guinness Atkinson Asia Pacific Dividend Builder and Dividend Builder Funds reorganized
    https://www.sec.gov/Archives/edgar/data/919160/000139834420011445/fp0054046_497.htm
    497 1 fp0054046_497.htm
    Guinness Atkinson Funds
    Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX)
    Guinness Atkinson Dividend Builder Fund (GAINX)
    Supplement dated May 22, 2020 to the Prospectus and Statement of Additional Information dated May 1, 2020 and Summary Prospectus dated May 5, 2020
    This supplement provides new and additional information beyond that contained in the Prospectus and Statement of Additional Information (“SAI”) and should be retained and read in conjunction with the Prospectus and SAI.
    * * *
    On May 14, 2020, the Board of Trustees of the Guinness Atkinson Funds (the “Trust”) approved the reorganizations of Guinness Atkinson Asia Pacific Dividend Builder Fund into SmartETFs Asia Pacific Dividend Builder ETF, and Guinness Atkinson Dividend Builder Fund into SmartETFs Dividend Builder ETF. There will be no change in investment objective, strategies or portfolio management.
    A Prospectus/Information Statement with respect to the reorganizations will be mailed before the consummation of the reorganization to holders of each fund’s shares as of the record date.
  • Your favorite Dividend Paying Funds
    RPSIX is a bond fund, but with 15% in stocks. Monthly pay-outs. Yield right now is at 3.51%.
  • The stock market's speculative frenzy
    https://www.axios.com/stock-market-speculation-coronavirus-8648eb3d-34b6-4457-9d6f-7dcbf1ad69bb.html
    The stock market's speculative frenzy
    Never has the stock market seen so much gambling. Volume is at record highs, with individual stocks and the market as a whole feeling almost manic. More people than ever are betting more money than ever on which way stocks will move, in a frenzy that feels more like a casino than a safe place for long-term capital appreciation.
    In other words many of us maybe playing Russian roulette with our investment monies...
  • Your favorite Dividend Paying Funds
    My all equity dividend paying funds that are found in the growth and income area of my portfolio follow. They are for my domestic equity sleeve: FDSAX with a yield of 3.95% ... IDIVX with a yield of 3.96% ... INUTX with a yield of 3.41% ... and, SVAAX with a yield of 4.44%. In my global equity sleeve the funds held are CWGIX with a yield of 1.92% ... DEQAX with a yield of 2.58% ... DWGAX with a yield of 2.18% ... and, EADIX with a yield of 3.76%.
    The dividends paid by the above funds, by in large, were coded as qualified dividends on my broker provided 1099.
    I have other funds that are good dividend payers but I consider them to be of the hybrid type.
    Thanks for your list @Old_Skeet. A few of your funds are mentioned here (VHYAX (VYM) & VDADX (VIG) seem better tickers than the two mentioned in article):
    best-8-funds-regular-dividend-income
  • Your favorite Dividend Paying Funds
    You can’t fake, manipulate or fudge a dividend payment by hiring a talented CPA.
    No cash on hand? Pay a stock dividend, or perhaps better, pay it in scrip (IOUs).
    https://www.accountingtools.com/articles/2017/5/16/types-of-dividends
    No retained earnings? No problem. Pay a nimble dividend out of current earnings.
    A few states—significantly, Delaware is one of them—permit dividends to be paid out of the net of current earnings and those of the immediately preceding year, both years taken as a single period, even if the balance sheet shows a negative earned surplus. Such dividends are known as nimble dividends.
    https://saylordotorg.github.io/text_business-law-and-the-legal-environment-v1.0-a/s47-05-dividends.html
    Lewis already addressed fudging at the fund level.
    Though I do agree that you don't need an especially talented CPA for these maneuvers. This is all just Corporations 101.
  • Why Bond Investors Are Willing to Bet on Money-Losing Pemex After Oil Price Crash
    https://www.nytimes.com/reuters/2020/05/22/business/22reuters-mexico-pemex-bonds-analysis.html
    Why Bond Investors Are Willing to Bet on Money-Losing Pemex After Oil Price Crash
    By Reuters
    May 22, 2020
    Updated 8:23 a.m. ET
    MEXICO CITY/NEW YORK — Mexico's state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in demand and no clear direction about how the government will turn the money-losing driller around....
    Price 89cents...high 8.25% ytm ..very interesting vehicle to look at
    Cusip
    71654QCT7
  • Your favorite Dividend Paying Funds
    My all equity dividend paying funds that are found in the growth and income area of my portfolio follow. They are for my domestic equity sleeve: FDSAX with a yield of 3.95% ... IDIVX with a yield of 3.96% ... INUTX with a yield of 3.41% ... and, SVAAX with a yield of 4.44%. In my global equity sleeve the funds held are CWGIX with a yield of 1.92% ... DEQAX with a yield of 2.58% ... DWGAX with a yield of 2.18% ... and, EADIX with a yield of 3.76%.
    The dividends paid by the above funds, by in large, were coded as qualified dividends on my 1099. The difference between qualified and ordinary dividends is quite substantial when the time comes to pay taxes. As the name implies, ordinary dividends are taxed as ordinary income, while qualified dividends are taxed at a lower rate.
    I have other funds that are good dividend payers with most of them of the being hybrid type which pay out mostly ordinary dividends with some of the dividends being coded as qualified.
    Overall, qualified dividends accounted for about 10% of my income with ordinary dividends accounting for 23%. With this, dividends account for about a third of my income. This is one of my reasons for adding to my qualified paying dividend funds during the recent stock market swoon and that was to grow the amount of qualified dividends that I receive.
    Thus, the qualified dividends payers have become and are a part of my tax management and investing strategy.
  • Your favorite Dividend Paying Funds
    Anyone have a list of dividend paying funds they recommend?
    Fundamentals are more complex than they seem.
    One of the simplest, yet most overlooked, stock market fundamentals is the dividend yield. Dividends are actual cash flows being paid out by corporations into the hands of investors.
    You can’t fake, manipulate or fudge a dividend payment by hiring a talented CPA.
    Dividends also happen to be one of the most resilient features of the stock market over the long-term.
    A little bumpy at times but the real growth rate of 2.1% over the rate of inflation over the last 100 years is impressive.
    That doesn’t sound like much but the inflation rate over this time frame was just shy of 3%. So nominal dividends have grown at an annual rate of roughly 5% since 1920.
    the-best-source-of-investment-income/
  • Vanguard’s $50 Billion Woman Found Winners in Bond-Market Chaos
    https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-05-20/vanguard-s-50-billion-woman-found-winners-in-bond-market-chaos
    Vanguard’s $50 Billion Woman Found Winners in Bond-Market Chaos
    By Liz McCormick
    Wright-Casparius has several funds outperforming most peers
    Industry veteran is one of 27 women heading bond funds, ETFs
    One of the worst-ever bouts of dislocation in the U.S. bond market generated some winning trades for Vanguard Group’s Inc.’s Gemma Wright-Casparius.
  • In BlackRock We Trust
    Don't Fight the Fed...
    When the Federal Reserve needed Wall Street’s help with its pandemic rescue mission, it went straight to Larry Fink. The BlackRock Inc. co-founder, chairman, and chief executive officer has become one of the industry’s most important government whisperers. In contrast to other influential financiers who’ve built on ties to President Trump, Fink possesses a power that’s more technocratic. BlackRock, the world’s largest money manager, can do the things governments need right now.
    The company’s new assignment is a much bigger version of one it took on after the 2008 financial crisis, when the Federal Reserve enlisted it to dispose of toxic mortgage securities from Bear Stearns & Co. and American International Group Inc. This time it will help the Fed prop up the entire corporate bond market by purchasing, on the central bank’s behalf, what could become a $750 billion portfolio of debt.
    One part of the Fed’s plan is to buy bond exchange-traded funds. BlackRock itself runs ETFs under the iShares brand, and could end up buying funds it manages. There are rules in place to avoid conflicts of interest—for example, it won’t charge the Fed management fees on ETF shares. “BlackRock is acting as a fiduciary to the Federal Reserve Bank of New York,” says a spokesman for the company.
    “It’s impossible to think of BlackRock without thinking of them as a fourth branch of government,” says William Birdthistle, a professor at the Chicago-Kent College of Law who studies the fund industry.
    how-larry-fink-s-blackrock-is-helping-the-fed-with-bond-buying
  • Low risk vanguard retirement portfolio
    Oh, another one (@bee): SPY/TLT 50/50 and forget about it.
    Why does anyone ever choose SPY over VOO?
    For me TLT would be too jumpy for what I want a bond ETF for, but it sure does majorly outperform VGIT, and even BND.
    I'm slowly deciding on 55-45 VONG (maybe w some CAPE) and VGIT (maybe w some BND) --- or so I claim today, anyway.
  • Low risk vanguard retirement portfolio
    Oh, another one (@bee): SPY/TLT 50/50 and forget about it.
  • Don’t even think of owning stocks unless you’re willing to buy and hold for at least 10 years
    Hi @_rforno, how is your total accumulative return do over past 20 yrs, upwards of >350% totals?...thx kind regards
    I've not calculated it, nor am I interested in comparing my performance to any industry benchmark, because I don't care about benchmark comparisons or beating them. However, according to my own measures -- namely, seeing acceptable levels of wealth growth/accumulation in a relatively stress-free way that lets me sleep well at night -- I am doing quite well and am *more* than set up and/or well-on track for a comfortable retirement in practically all but the worst-case scenarios. In other words, I am thankful for where I am.
  • Don’t even think of owning stocks unless you’re willing to buy and hold for at least 10 years
    @JohnN and @davidrmoran - Thanks for posting this. While I may disagree with the writer’s conclusions, the underlying topic being discussed is of value to most investors.
    -
    Just a quick read suggests this article is mostly gibberish. I agree overall that investing in risk markets should be done only with a 10-year or longer time horizon in mind. That’s because trends (both up and down) can persist for very long periods. Risk assets generally include stocks, real estate, distressed debt, commodities and longer dated investment grade bonds (which are highly sensitive to changes in prevailing interest rates).
    With the above aside, there are some problems with his supporting data, conclusions and logical (illogical?) extensions. Any “back testing” of bond returns needs to be taken with a large grain of salt. When have interest rates been so low? When, if ever, has the Federal Reserve engaged in such a massive and long lasting effort to keep interest rates low while pumping trillions of dollars into the economy (and markets)? This unprecedented effort dates back at least to late 2007 and - some would argue - back to Greenspan days. Volumes have now been written about the distortions arising from this prolonged low rate period. Also note that yields on investment grade / government bonds have been trending lower for the past 30 years (resulting in higher and higher bond prices).
    At this point, I can’t agree that investment grade longer duration bonds are “safer” for most investors than other risk assets. And, if dealing with this question in your portfolio, be sure to take into consideration that you very likely own more bonds than you think owing to those held by your balanced and allocation funds. I do still find value in bonds, even at today’s extremely low rates, as a “hedge” within a more diversified portfolio. Think of bond investments as “insurance”. The trifling return on them, if any, (and potential loss) is the cost / penalty you pay for “insurance” against widespread equity depreciation should the U.S. and global economies slide into a deep prolonged recession. I’m not predicting that. However, we typically carry insurance against things we don’t expect to happen. And if you’re a “portfolio watcher” as many of us are, those bond holdings will tend to smooth out your short term volatility and help you maintain your sanity.
    As an aside here ... a 10 year government bond purchased today and held to maturity will net you somewhere, I suspect, between 0.35% and 0.75% annually over that period - depending on fees and associated costs of ownership. On any given day an investment in the broader equity markets has a pretty good chance of returning more back to you than the bond would over a full year. Are investment grade long-dated bonds a “good” investment? I submit the answer is No. Can they be a useful hedging tool? Yes - in moderation,
    Disclosure - Funds that invest substantially in intermediate / longer duration bonds and which I own: DODLX, RPSIX, PBDIX
  • Don’t even think of owning stocks unless you’re willing to buy and hold for at least 10 years
    Hi @_rforno, how is your total accumulative return do over past 20 yrs, upwards of >350% totals?...thx kind regards
  • Don’t even think of owning stocks unless you’re willing to buy and hold for at least 10 years
    https://www.marketwatch.com/story/dont-even-think-of-owning-stocks-unless-youre-willing-to-buy-and-hold-for-this-many-years-2020-05-19
    Opinion: Don’t even think of owning stocks unless you’re willing to buy and hold for at least 10 years
    M.Hulbert article
    If you want a 95% probability of stocks outperforming bonds, you better plan on 20 years....
    Imho maybe 3-10 yrs may see reasonable gains, but if hold on 20 yrs, may even be better...maybe ???++450s% by the time you are done [hopeful speculative thinking]
  • Schneider Small Cap Value Fund to be liquidated
    Here is a registration statement from 12/29/06 for RBB Funds:
    https://www.sec.gov/Archives/edgar/data/831114/000119312506261753/d485bpos.htm
    In 2003, Schnieder reported a return of 106.05%.