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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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  • Just want to say hello since I am planning to retire in the next two years. Your articles have been instrumental in helping me to plan accordingly. Your October’s article is spot on with respect to the value of alternatives in order to reduce risk. Once again, thank you for everything.
    October 3
    • lynnbolin2021
      Hi Sven,

      Thank you for the kind words and glad to be of assistance. It is really worth the effort.

      Best Regards,
  • Just want to drop you a heartfelt thank you note. Your articles have help to reshape my portfolio in the last several years. Following your advice, I have reduced risk/exposure in oversea and growth funds and increased defensive funds including value, consumer staples and utilities. Late last year I added commodity-related funds (including those you mentioned in February 2022 MFO Commentary) and they have done very well against the surging commodity prices.

    Another question, is US entering a late business cycle and what indicators would you be watching for? I would like to reduce the equity exposure to below 50%, but I am concern about core bonds with the rate hike this year. Please advise. Thank you.

    March 5
    • lynnbolin2021
      Hi Sven,
      Sorry for the late response. Thank you for the kind words. Yes, the US economy is entering the late stage of the business cycle. I am also at 50% equities, and invested as you describe. I track about 30 main indicators most available at the St. Federal Reserve including financial risk, yield curve, orders, labor, recession, among others.

      You will like my next article on MFO. It is about inflation and where the economy is going. It discussed several potential funds. I have reduced allocations to COTZX/CTFAX because if is volatile. It is great Flexible Portfolio fund, but is mostly bonds and is going down. What do you do with safe money. I researched this.

      Cash is good, but will not keep up with inflation. Bonds are going down as interest rates go up. Short term rates are going up, but with the yield curve flattening, what about intermediate bonds. My gut feel is that intermediate bonds yields will also go up. For safer money, I like real return funds like FSRRX and PIRMX/PZRMX. For safe money, I like short term inflation protected bonds such as VTIP/VTAPX and STIP.

      A risker selection is TBX which shorts intermediate bonds. I may put a little in it. Another selection might be DBA which is an agriculture commodity fund.

      Off to the gym.

      Best Regards,
  • Hi Lynn,

    I was reading your post on the link "Best ETF or Mutual Funds for severe inflationary cycle?" and being that I too am interested in opening a position in VCDMX, I had two questions:

    1. I think that I picked up from M* that it has a negative SEC yield of 1.91%. If this is the case, does a negative yield concern you?

    2. Also from M* I think it shows a significant percentage of Treasury/Agency bonds. If I am reading this correctly, with rising rates is this a concern to you?

    I might be having a problem understanding this fund and its components but I know that I am looking for an alternative fund to hedge against inflation.

    Thank you,

    May 2021
  • johnN
    April 2021
  • johnN
    March 2021
    • lynnbolin2021
      You are welcome. Thanks for the feedback.
  • johnN
    Thank you kind regards
    February 2021
  • thank you for your December response to me. It's been of great help. I'm still researching and sitting on about 18% cash reserves that I'm holding off allocating until I'm done. I do not have access to EFT in my account, and don't have the resources to meet 1 mil minimums, but know how to read a prospectus and find the Z and R6 classes I can invest in.

    I just want to say thank you for your time and post. It is much appreciated and helps a lot.
    Your kindness is respectable.
    January 2021
    • lynnbolin2021
      You are welcome, Michael,

      It is probably a good thing to have some cash with the market volatility today. I am conservative at the moment. This past week's wild ride is probably a sign of more to come. I am watching for opportunities now.
  • Dear Mr Bolin

    Thank you for "riles based investment, but I seem to have missed the definition of your buckets.

    Thank you

    June 2020
  • Welcome Aboard!
    September 2019