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jafink63 said:Moved money from PRNEX to new fund TCELX- China Revolution fund at TRP
Moved money from PRNEX to new fund TCELX- China Revolution fund at TRP
Crash said:PRNEX up +116% in 2019. Holy gazoochkees, Batman!
PRNEX up +116% in 2019. Holy gazoochkees, Batman!
Mark said:Crash, about PRENX, I see that it was +16.88% for 2019. Where or how did you come up with +116%?
Crash, about PRENX, I see that it was +16.88% for 2019. Where or how did you come up with +116%?
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Not quite sure what you mean by convert T-IRA money into taxable accounts. I will presume you mean an investment account that is non-sheltered.
Well, it you need the money, you need the money.
If I need extra cash for whatever reason from the IRA, I move electronically as needed to our C.U. acct. Two day transaction time.
NOTE: From provisions of the new SECURE ACT legislation, your new IRA RMD age is now 72.
Your logic in recommending the Roth to us is flawless. But we simply don't have much money invested anywhere that's NOT in a tax-sheltered account. We plan to do a direct rollover into an IRA for HER, with that 403b from her former job. After taking the $4,000 from my T-IRA for the car already in 2020, I don't want to add almost $10,000 more in income (her 403b) from there, too. Add to all of this, the fact that my reaction to all of the tricky, obtuse, crazy, arcane, absurd IRS tax rules leaves me just not wanting to jump through all those bullshit hoops. We already have enough current income to get by just fine...... THANK you all for the guidance and concern.
*This is unrelated, I suppose: My bond funds are now generating about $300 per month, and that may turn out to be very useful. Those funds are PRSNX, RPSIX (in T-IRA) and PTIAX in a regular, taxable, joint investment account. It's always been my Ace-in-the-hole to use those monthly dividends IF the money turns out to be needed, after all. That way, I can take advantage of the pay-outs without shrinking the size of my pie.
10% up in 3 weeks is pretty impressive so far.
Opened new positions in BHBFX and TGJNX. Added to PGTAX and YAFFXand AEDVX. This was early January.....have done nothing lately. I'm still bullish and think we go higher.
My three best performing funds year to date are found in the growth area of my portfolio. They are SPECX +6.24% ... AOFAX +5.54% ... and, KAUAX +4.52%. In comparison, I have the S&P 500 Index up 3.06%.
Yeah, I see your point, but.....(whenever you see a but, it's usually some bonehead trying to prove a point)....lol. Just remember we're in QE. I think the market is ok.....last famous words. I think earnings will be ok----meaning the economy will pick up this spring. As the Dukester says, "the Blonde One will get 4 more." And we go higher.....I see the sun shining....just me, just saying. Party on!
I see everyone has been busy . . . as have I. Trimmed my sails a bit in the junior silver miners. However have been moving into Asia and Latin America mostly equity but some into PRSNX. At Price so PRLAX but also TRAOX. For all this insanity, the kid had to pay a visit to the House of Matthews [been on cruise control it's been a while since I went playing in these waters] with MPACX, MATFX and MCHFX. Otherwise, still adding to NCV in various accts.
and so it goes,
Thanks for the shout out. I'm with the Dukester on both counts. The Blond One gets a pass and we move higher through price expansion ... but, not so much on earnings. I've got forward estimates about 176 to 177 for the S&P 500 Index as I write. That puts the Forward Price/Earnings Ratio just short of 19. I've got TTM Earnings at 141. That puts the TTM Price/Earings Ratio at 23.6. Blend the two together and that produces a Blended Price/Earnings Ratio of 21.3%. My thinking is that from a blended perspective 20 is plenty. At least that is the way I govern. And, furthermore, Old_Skeet's stock market barometer closed the week with a reading of 127 indicating that stocks as measured by the metrics of the barometer, for the S&P 500 Index, are extremely overbought.
So, what is fair value for the Index? By Old_Skeet's price to earnings mythology 3180 (now about 5% overvalued). With most of the feeds within the barometer at (or towards) their ceiling that computes to extremely overbought. For me, I'm liking my global growth sleeve as it offers better oportunity with a Forward P/E multiple of 20.8 as comparied to my large mid cap sleeve which has a Forward P/E multiple of 24.2. Both of these sleeves are found in the growth area of my portfolio.
For me, though, better value is found in the growth & income area of my portfolio with my domestic equity sleeve having a Forward P/E Ratio of 14.3 while my global equity sleeve is a little higher at 16.5.
With this, stocks in general are expensive ... and, I'm looking for my value plays, found in the growth & income area, to do more of the heavy lifting as we move through the year.
And ... also remember, most times ... as we move through the year forward estimates usually get trimmed downward.
So what am I to do? With equities having the strong run that they have had of late I've been buying fixed income for more than one reason. The first one is to keep my asset allocation balanced and from becoming equity heavy. And, the second one is because as stocks pullback (during a downdraft) fixed income usually increases in value as some investors sell stocks and move into bonds pushing bond prices higher and their yields lower.
So ... instead of just pondering ... you've now read what Old_Skeet has been doing and why due to elevated stock prices. Thus far, I have not recently been a seller of equities; but, I have been a buyer of fixed income to maintain my asset allocation.
Have a good one ... and, I wish all "Good Investing."
Thx for commentary
Added to preferred stock Allypra, vti, and opened positions in Telsla few days ago
Cut positions in several bonds - Att and tmobile
bonds also matured / short called at vanguard acct, all these positions were transferred to an primecapcore, vti, lifecycle2040, and vgstx
Don't have magic wands but think we maybe heading higher at end of year depending what happens in Washington impeachment/2020 election, and truce in china trade wars