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I'm sitting on my hands. Between funds and ETFs and single stocks, I figure I'm pretty well diversified, and the whole point of diversification is to be able to withstand times like these. I hold a bit more in stocks than bonds. In percentage terms, I'm down from my high point by less than -2%. Reinvesting dividends. It all sucks. But "All things must pass away."
In the IRA: Sold MGOIX, PMAIX, and GLIFX. They are all still in the green. OTOH, I don't care for the exposure to longer duration bonds and/or foreign equity. That's not where I want to be when the world goes crazy.
Several funds are already in the red. JPIB cracked the first day. The equities went from 27% of my portfolio to 25% in short order. Still hanging on to THOPX, NRDCX, FGUSX, and BBBIX for now.
Once again I am thinking about USFR for the cash stash. BUBIX has also been holding up well, so far, and I wouldn't complain about getting back into it.
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But, I don't think they have any bounce left in them.
Now, bouncing knives are not to be taken lightly. Probably why knives do not generally come with rubber handles.
Several funds are already in the red. JPIB cracked the first day. The equities went from 27% of my portfolio to 25% in short order.
Once again I am thinking about USFR for the cash stash. BUBIX has also been holding up well, so far, and I wouldn't complain about getting back into it.