Two drinks in & I have to question how TBLQX can be called a 2010 retirement fund when inception date is 2021 ? Thinking they looked at other funds (retirement) & determined what they held & made their fund up from a look see ?
Can someone fill in the blanks ____
I don't use a bench mark & find my account continues to grow. I'm not trying to keep up with the Jones or Smiths , just sleep good !
Thanks Derf

This was pretty interesting - Several of the reccomendations was Private Credit & Private realestate . I would love to hear from anyone using the private credit space .

+1

I hadn't looked at the performance tabs on Yahoo. That's a really nice feature.
Now, if Yahoo would only report accurately. FGMNX had three losing calendar years: the two you mentioned and also 2021. Yahoo show 2021's return as N/A, though it knows better. Yahoo gives December 31 adjusted closing figures as 11.58 (2021) and 11.68 (2020) for a loss of 0.85%, matching Fidelity's official figure.
https://fundresearch.fidelity.com/mutual-funds/performance-and-risk/31617K105?type=sq-NavBar
FWIW, according to the Yahoo performance tab, the fund's worst calendar quarters were in 1987: 2Q (-2.48%) and 3Q (-3.40%). The worst three month drawdown, irrespective of month boundaries, was around 6½%, from the close on July 17, 1987 to the close on Oct 16 (a Friday) or Oct 19 (a Monday) 1987. Nearly double the calendar quarter max loss.
I got this by downloading the daily adjusted close figures from Yahoo and playing with Excel to approximate quarterly returns day by day.

+1

PIGLX generated lower 5 Yr., 10 Yr., and 15 Yr. returns than PGBIX.
The fund was also more volatile and experienced larger drawdowns.
Investors were not rewarded for taking on currency risk.
Total net assets for the PIGLX strategy were $195 MM as of 01/31/2022
while total net assets for the PGBIX strategy were $903 MM.

Investors need to be mindful regarding M*'s fund category classifications.
Some funds don't fit neatly into one of the available fund categories.
Here are some quick examples that I recall:
NEWFX - classified as diversified EM fund; averages 1/3 assets in developed markets
World Stock - all large-cap funds (value, blend, growth) were lumped together until 05/01/2021

Yahoo Finance shows the yearly returns and returns by quarter on their performance tab. For example, FGMNX has had 2 losing years -2.17% in 2013 and -2.00% in 1994. 2Q 2013 and 1Q and 2Q 1994 were when the biggest losses occurred.

@Jim0445, now it works fine. Original and comparisons in Interactive-Charts now have reinvestments. Both mutual funds and ETFs also have reinvestments. The 1st version had the flaw that it did reinvestments for mutual funds but not for ETFs, but now that is fixed. What I still don't like is that these Interactive-Charts cannot be linked via direct website URLs but one must use screenshot, image-host, MFO Insert-Image icon (I did a post on steps for posting images https://www.mutualfundobserver.com/discuss/discussion/59179/posting-images#latest).
SP500 ETF and OEF Max-view, Image URL at host https://i.ibb.co/D8FC7gG/Screenshot-2022-02-19-17-50-29.png

10k growth

Jeremy Grantham was on Barron's roundtable today and his take on the market was extra bleak.
He believes we're in a "super bubble" about to burst and something that has only occurred 3x in the last 100 or so years.
-S&P 500 to fall 50% to 2500 in his opinion.
-"Today, well over 40% of the Nasdaq is down 50% from their highs" - suppose he's referring to the death cross.
His Recommendations?
- Have cash for next few years
- Avoid US stocks except high quality
-Blue chips are the way to go, but avoid US
-Go International, they are normally overpriced
-EM like Japan, Growth
-Oh and avoid US stocks
Those are his "thoughts" on the market.

Thanks@wxman123. VHCOX is another prime cap managed fund at Vanguard.

I don't have a clear preference for any specific growth funds with less downside risk than category peers.
AKREX (Class I: AKRIX) seems like a good choice but its expense ratio of 1.3% gives me pause.
CSIEX (Class I: CEYIX) has performed well since the current management team started on 06/16/2015.

Just to chime in, I’d earlier incorrectly denied “bashing” CW and asked @wxman123 to point it out if it had occurred. So, he was kindly responding to me and my earlier false denial. On the larger issue @Baseball_Fan raises.
Let freedom ring. But also let decorum reign.
(In defense, my “bash” was intended only to critique her media & communication skills as I perceived them at that moment. But I can understand how that may have appeared an attack on her character or her investment methodology.)

Thanks everyone for this thread. Since I am at 31% equity I use VTINX and AOK as my benchmarks. I am -2.01 YTD so slightly beating them. @wxman 123. I too have thought about just putting the whole thing in VWIAX. Have thought about it for years. The long duration of the FI position is off putting but I bet they are smarter than me. So I might.

Thanks @MikeM. Great question. You & I go way back on this one.
WOW - Lots of changes for me the past few years.
- My original benchmark (for 15-20 years) was TRRIX (40/60) - although I deviated away to “buy down” on equities during the ‘07-‘09 meltdown.
- Beginning in 2021 I switched my benchmark to PRSIX (also 40/60) and for the first time decided to include a small weighting (7%) of the benchmark inside the portfolio. Switching was bad timing. PRSIX, which for years has outperformed TRRIX, lagged badly during 2021.
- In late 2021 I sold PRSIX and moved to PSMM for a benchmark, also buying a small slice. The advantages were lower cost and ease of trading in and out. It’s 40/60 with the ability to alter its allocation as managers see fit. Yikes - the bond exposure seemed to really jerk this one around, so I quickly exited.
- Early this year I developed a tri-fund tracker (benchmark) I like so far. This tracker follows three equally weighted funds: AOK (30/70), PRSIX (40/60) and ABRZX. The only one I own is ABRZX to the tune of 7+%. (I’m sure there are superior funds.) It’s a quirky fund you need to follow to appreciate. But, using derivatives it provides a moderate “hedged” exposure to commodities, stocks, and bonds.
How am I holding up? I’m pleased to be ahead of the benchmark YTD. Below is the performance of those benchmark components this year. Age and circumstance dictate a rather conservative approach - and I’ve never maintained a separate cash stash.
AOK -4.52%
PRSIX -4.45%
ABRZX -3.10%
YTD benchmark average: -4.02%
Yesterday, the tracker dropped 0.12% (equally weighted in dollar terms). / My portfolio was right in-line with that (although some days it varies a bit).One reason is I’ve been maintaining a speculative position in TAIL (an inverse fund) to the tune of 6-7%.
There’s an old cliche about “if you don’t have a road map you’ll never realize by how far you’ve missed your mark.”
@MikeM - I admire your work with benchmarks. Generally you’ve chosen wisely. One thing I’d toss out is I’ve noticed TRP doing some things in their allocation funds over the past year (assuming you benchmark to them) that indicate hedging on their part. One is overweighting their Dynamic Global Income fund (RPIEX) which appears to short bonds to some extent and also ISTM they’ve beefed up exposure to floating rate bonds. Also, TMSRX is showing up in some. For RPSIX it comprises 4% of holdings.
In my own case, I’m “playing with fire” having built up a near 10% spec position to hedge what I still perceive as expensive equity markets. Mostly TAIL but also GLDB which holds longer-dated corporates and gold. They haven’t made $$ yet - but they have buffered some of the bigger downdrafts in the markets. “Staying power” is worth something.
FWIW

wxman123 said,

I'd probably dump everything in VWIAX and let it ride. You could do a lot worse!

3 possible Benchmarks:
VWIAX (VWINX) - Conservative Allocation
TRAIX (PRWCX) - Moderate Allocation
PRBLX - Large Cap All Equity

Thanks @msf -
FWIW I’ve now moved all except D&C to Fido. The small / modest sum at D&C is fine where it is - spread across DODIX, DODBX, DODLX. I like their funds a lot - but that’s another topic.
Should we get a really nasty “downdraft” across the global economy (10-20% more down) I’d shift from DODIX into one of their 3 international / global funds.
All’s well. Thanks again for the explanation.

Thought I'd share and ask how others are holding up to their own benchmarks. Sometimes you have to step back from the headlines and financial talking-heads and see how things are going personally.
In a market that is so volatile and seems heading lower, it's hard for me to get a perspective for my portfolio losses unless I compare to some benchmarks. So I did that this morning. Overall, I have 2 tax deferred accounts that make up my total, total being ~46% equity. A little more than 1/2 my total is in a Schwab robo, Intelligent Portfolio. No fuss, no muss. Nothing I can screw up. It self balances to the goal of 45% equities (at 43% now). The other account is what I self-manage, sitting at about 49% equities, very little in bonds and a lot of the "other" category which I guess is the term for alternative investments, commodities and gold.
I'm comfortable using the TRP retirement funds for benchmarks. The closest benchmark for me is their 2010 retirement fund, TBLQX, 45% equities. I also like to compare to SPY and VTI (Vanguards total stock market etf) to get some perspective of, if the market falls big-time, what would I expect my savings to drop, percentage wise. Below is my comparisons:
YTD
Schwab robo -3.4%
Self managed -4.4
Total -3.9
Bechmarks:
TBLQX -4.6
SPY -9.3
VTI -9.9
So in perspective, I guess I'm holding up ok versus these benchmarks. If I make no adjustments and the market has a big drop I can guestimate my loss being "only" about 40% of that drop. Good to know.
FWIW, some other TRP retirement funds YTD:
TRRIX 38% stock = -4.1%
TBLPX 41% stock = -4.3
TBLQX 45% stock = -4.6
TBLSX 48% stock = -4.7
TSBAX 52% stock = -5.0
TBLVX 60% stock = -5.5

USAA sold its brokerage business to Schwab

I was to recieve nothing as a USAA member for the transfer of my assets to Schwab so I took my assets to TD Ameritrade and received a transfer bonus of $1500.
Funny, now that TD and Schwab are merging...if I end up staying with Schwab I at least am $1500 better off than I would have been with the USAA/Schwab deal.
Anyone aware of transfer bonus offers that are worth considering?
investing/best-brokerage-account-bonuses/