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johnN said:lots folks especially near retirement has bailed long time ago. probably best to have 50/50 if near retired/retiredanyone buying today or next few days once the dust maybe settling down?
lots folks especially near retirement has bailed long time ago. probably best to have 50/50 if near retired/retiredanyone buying today or next few days once the dust maybe settling down?
gmarceau said:Bought a lot of TGUSX and some AKRIX. Feels like this market will get frothier before it comes back to earth, but we aren’t at euphoria yet, so I’m just hanging in some high active share funds. ARTNX is supposed to launch soon, may start a position in that to get more value exposure. Pondering DREGX or WAEMX. I can’t see the attraction to EM or EM value at all, but this makes it a bit more palatable.
Bought a lot of TGUSX and some AKRIX. Feels like this market will get frothier before it comes back to earth, but we aren’t at euphoria yet, so I’m just hanging in some high active share funds. ARTNX is supposed to launch soon, may start a position in that to get more value exposure. Pondering DREGX or WAEMX. I can’t see the attraction to EM or EM value at all, but this makes it a bit more palatable.
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I did some buying on Friday. Added to FIFNX, FNSTX, FSMEX, MLPFX, PGTAX, ROGSX, and TGJNX.
I bought Friday due to the drop and hoped for a bounce. But, who knows? This market is crazy....think TESLA. I think on MLPFX that will be my last buy. Oil is just too crazy right now. It could be a value trap. The virus thing with China.....it's all guessing, and all the media hype doesn't help. I still think we go higher this year. After all, we're not at "0" interest rates yet.
What enticed you to choose TGJNX ?
Yeah, have been watching this fund for a while. Finally just held my nose, closed my eyes and hit the buy button. Why? Will say this small, new PM....it's their only fund. AI focused saying all that if you look at top 10, the usual suspects are there. If you look at the annual report, you'll see more. Also high turnover, which is what I want. No big gains up over 3.5%. No love ...... just playing. Young funds tend to do really well first 3 years.....playing that. We'll see.
I forget.....what tech do you own? I know it's a big part of your portfolio, right? Also I'm like Skeeter. I own more than 1 fund in a sector 'cause I can't pick a winner. I'm thinking it's because of an alcohol-induced thinking disease of some sort.....lol. Lucky I have a brown furry 4-legger as backup......one could say Plan B.
purchase a condo on the Indian River.
Yes, to the tech. question = FTEC (Fid. Tech.) @30% of portfolio holdings
Although offering a more diversified equity position, I'm not inclined towards SPY or ITOT and such; as there remain too many sectors I don't favor within these holdings.
If the ongoing growth trend persists, I may be inclined to add more; but still in the growth area and U.S. centric with an index such as, FSPGX , for a bit more diversity in equity.
"Yes, to the tech. question = FTEC (Fid. Tech.) @30% of portfolio holdings"
What is this a reference to? Do you catch22 now have 30% in this fund?
also cant find FTEC but do find FSPTX
I'm lost as usual
Puddnhead asked me in a post above, "I forget.....what tech do you own?"
My reply was to that question.
And to your question; yes, 30% of our total portfolio is invested into FTEC.
I've placed a Fidelity link below for this fund overview.
FSPTX is also a worthy fund for investing in the tech. sector; as well as many other vendors of tech. funds. As with any funds in sector areas, among the various providers; their performance will drift around over time frames due to changes of the holdings within the funds, when compared to one another. My background was based in technology, so I've always remained aware of this area. The application(s) of the continuing innovations in technology continues to amaze me and has moved much past my own knowledge. But, I attempt to understand the implications.
And today, there are so many narrow focused tech. investments available; if one chooses to really dig into a particular area.
Lastly, with many of the broad based U.S. equity funds; one will still have a decent percentage of tech. holdings.
Fidelity FTEC etf
Yeah, good fund FTEC. Great move! Ride it out, big guy. FSPTX is new to me even though I play on the Fido platform. Looks good, but I would expect that from you. Fido had a quarterly report today. I don't know if you saw it.
The Dukester overview:
Late cycle US; EM last 10 yrs has been bad, but we like it now. Germany, Italy, China coming out of slowdown. World trade slow due to China. Slow credit growth in China..... they may not lead. US jobs, housing, consumer ---- all good. The bad: tighter bank loans, IPOs not doing well. Not good for tech. World bonds a buy....commodities, tips, value stocks, EM. a buy
I see u bot a bit of FSNTX - good luck - so far so good and keep an eye on it. Hope we have a winner!! Just my 2 cents.
Yeah, I think we'll do good as long as the market goes up. I saw on Fido they added more info to the fund page. I like that. Also I own GLFOX in that space. Have for years. Looks like they don't clash too much as far as which countries they invest in.
Cutting MPW (REIT) loose after a while to lock in approx 6 years' worth of dividends via cap gains. Will buy it back on any major weakness, though.
Also dropping JBGS (REIT) for a 20% gain as a 2-year trade on Amazon coming to my block.
This is a warning to others that hold NHMAX. My purchases have been known to stop up-trends dead in their tracks
Pondering DREGX or WAEMX. I can’t see the attraction to EM or EM value at all, but this makes it a bit more palatable.
DREGX is expected to close to new investors on 2/28/2020 from my earlier post, https://www.mutualfundobserver.com/discuss/discussion/55090/driehaus-emerging-markets-growth-fund-closing-to-new-investors-on-2-28-2020
I bought WAEMX before the market tanked in 2008 then sold it for a loss. Waited for some months and bought back into the fund when it was a lot less than $2.95 per share. It has a similar price structure to WAIOX and WAMVX. Keep in mind that WMICX started out the same way.
A good time for long term investors to deploy any spare cash and buy into funds on down days.
My calculations point to the S&P500 correcting to 3180 +/-10.
I'm also looking at FSPTX and other funds with a significant AI component. The growth in AI will be exponential and reward investors handsomely.
Sold most of my MLPFX position. Keeping a toe hold. I still think it's a value trap. We'll see. Also sold BHBFX. Have 1 value fund: YAFFX. That's enough. Bought a little FRIFX this week on a down day for REITS then, Friday, added to FIFNX, PGTAX, ROGSX, TGJNX. Will add again next week if they continue to fall.
anyone buying today or next few days once the dust maybe settling down?
Yup. See my previous post above yours. Will continue to nibble as appropriate