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Roy said:PRWCX/TRAIX down -6.1% YTD 8/19/22, but very happy to have bulk of our investments with the fund.
PRWCX/TRAIX down -6.1% YTD 8/19/22, but very happy to have bulk of our investments with the fund.
stayCalm said:MAFIX portfolio is under DocumentationMAFAX and MAFCX have low minimums at $2,500.
MAFIX portfolio is under DocumentationMAFAX and MAFCX have low minimums at $2,500.
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The pundits have been wrong about this.
It will be interesting to see how this portfolio behaves during the next recession.
I have a feeling those who claim 60/40 is dead will be proven wrong once again.
I must say that the destruction in good quality (and some lesser quality) bonds has been extreme this year. One sign of that is that YTD DODBX is ahead of DODIX by about one percentage point despite equity markets having had a down year. While I agree that longer term rates will probably rise, I strongly suspect bonds / bond funds will enjoy a very good stretch (perhaps lasting a year+) in the not too distant future. Just a hunch here from having watched markets the better part of a lifetime.
Added: If I’m right and bonds / bond funds do recover, it would provide a boost for most allocation funds as well.
I dunno Mr Hank...I am not an expert for sure but for certain I am not sanguine on bonds
I anticpated the following possiblities, scenarios and potentially negative for bond holders
* China, Japan continue to unload US Treasuries
*In reality, and all political narrative BS aside...inflation continues to go up, product/services continue to go up...gas sure a little cheaper but just wait until after the mid-terms when we replenish strat stock piles at even higher prices
*Did I mention mid term elections? I did. Wait for it. The cancelation of student debt, so more money to buy weed and shitcoins and sporty event gamblings.
* Wait for it...next and unlike the prior statement I totally agree with, the discharge of medical debt
* Wait for it....a complete debt jubilee once the weathy cannot pay the note on their overpriced crappy $675,000 starter homes
*Who and how is anyone paying on the half empty commercial buildings
*WAYYY too much debt created over the past dozen years.
I can see laddering Tbills, 3 month, 6 month, 12 months...but everyting else...dunno, not for me
To me. Maybe a better allocation funds are the MAFIX, BLNDX...although I am not certain if they are just lucky with their timing, were in OIL/Energy, commodities, FX at the right time? MAFIX maybe better result but more balck boxy than BLDNX? Dunno. Maybe better 50/50 3 month Tbill and solid divy paying value fund, TWEIX like?
Good Luck to all,
To replace the modifying / dampening effect of bond exposure in a conservative portfolio, I’ve beefed up exposure to alternatives and am also dabbling in a couple inverse funds. In the case of the latter, the cure might turn out to be worse than the affliction.
None of this is intended as investment advice of course.
I looked at Abbey Capital's Multi-Asset Fund, MAFIX. New to me. Once again, M* screwed up: their OWN website lists minimum entry at $1,000.00 and additional chunks minimum = $1,000.00. M* shows $1M minimum. the numbers look great, actually. but still a rather young fund.
*Edited to add: MAFIX is EXTREMELY concentrated, looking at the portfolio. (Per M*.). But on Abbey's webpage, I find it quite impossible to FIND the portfolio!
...OOPS. That's not a PERIOD. That's a COMMA. It IS actually a $1M minimum to get in. Listen to me giggle as I walk past. ...
PRWCX isn't really a moderate-allocation funds (despite its classification as such my M* and others). It is capital-appreciation and has more of HY (65.19%). Also may have unusual positions such as recently in utilities (but top sectors now are tech, healthcare, financials) and long-time position in GE turnaround (#4 holding).
DODBX had a policy change and is trying shorting and had beginner's luck.
VWELX also had an untimely policy change away from value into blend/growth just as that was losing momentum.
FBALX and FPURX have been run hot with growth orientation and higher equity % sometimes approaching aggressive-allocation (AA).
MAFAX and MAFCX have low minimums at $2,500.
For a fund that is supposed to be defensive, that 2008 number doesn't make me feel it can be a good diversifier, although it has, admittedly, worked of late.