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@JD, I'd forgotten FZDXX existed until you posted about it earlier. I have a pretty good pile of it now and really like those upticks in yield.
Also plan to add more short duration Treasuries (through Treasury Direct) during next week's auction of …
I hope they don't notice that the really old legacy pages (performance, ratings & risk, etc.) are still updating and decide they need to delete all that.
@Fred, I'm impressed enough with PGAGX that I bought a first block of shares this week. I'd bet a main reason for relatively low volatility is the fact that it doesn't include commodities.
You must have seen the fact sheet that lays out the invest…
My experience is that managed futures and similar strategies work until they don't, but they tend to work when nothing else does. IMHO, holding long term is not a great idea unless they're a very small piece of the portfolio.
Buying right now, afte…
+0.14% ytd, in other words, flat. Big losses in January; caught back up to zero after revamping the port primarily to managed futures and cash. Right now 25% alt and allocation, mainly managed futures; 20% hold-to-maturity debt; and 55% cash.
I like the portfolio reporting. They clearly show what they're long and short, and what their investment universe is. And right now, you can see how much they adjusted in one month between the end of March (the fact sheet as of date) and the end of …
Yes, the O is for Oppenheimer. It was one of the less risky funds in their lineup. But even if you think BBB in munis is junk, it is still majority investment grade .. but obviously not in the same ballpark as, say, a 90% ig fund.
I've only owned i…
Perfect timing to check on NHMAX; it reopened Wednesday, according to a note on the fund page at Nuveen. (M* still shows it as limited, i.e., to existing shareholders.)
IMHO, Nuveen's other HY muni oef, NVHAX, is a decent choice too: plenty of cre…
Bought small chunks of ICLN and DBA, and watching the positive (but very short term) moves in several debt categories, plus the foreign equity semi-surge, apparently helped along by the dollar dump from its high.
Inflection point in Bot City?
Just noticed that a former topic at MFO, CTFAX, has added equity three times this month when the S&P 500 hit their triggers -- now up to 25%. If interested, see "asset allocation update" on the fund page.
The VIX is a handy metric to watch. Like the article shows, it's turned back from just below 40 a time or two during this escapade. In March 2020 (3/18/20 to be exact), it hit 85.
High yield effective yield is still surging: 7.68% as of yesterday per FRED. Junk muni prices are also getting hammered, right along with corporates. Appears most forms of junk are in a serious downdraft; waiting here for a break in the established …
Stuff really does cost a lot these days. I have needed some Tacoma cedar siding repair on my house for more than a year. Last summer the wood was unavailable anywhere; this year my contractor said I wouldn’t believe what a board foot of the wood cos…
Small adds today to PQTAX and AMFAX plus a smallish starter in AHLPX. Sold DBA, last of the pure commodity vehicles I owned; leaving that allocation up to the managed futures guys. Why? They're working in a very tough investing environment.
@Baseb…
+1, @DavidF. Equities are deep in Deathcross Land but near the January low, and therefore maybe ripe for a rebound, but how high and for how long? The next months, at least, are primed for bad YOY comps and disappointing earnings and growth, Fed pre…
I get occasional commentary emails from this guy Keith McCullough. Here's what he had to say yesterday. It's never all that hard to figure out where he's coming from.
"After stimulating the economy with largesse for two years, the Fed has finally b…
The IRS has "free file fillable forms" in place on the website. It's easy, does math when you ask it to, very straightforward. Anyone who has a relatively consistent form of income and deductions and doesn't mind reading an instruction booklet here …
I have been buying Treasuries.
@AndyJ, how does one figure out whether Fidelity allows auto invest on a fund one does not already own? Thanks.
You have to call and ask. Some CSRs can find that info right away, some take a few minutes. Every time I…
ASFYX looks more like straight equity managed futures with an FI overlay, with > 4% yield. But hard to tell, their only website I can find doesn't have the usual fund info, just an email address to query .. which I did. Fidelity has the A shares …
ASFYX looks more like straight equity managed futures with an FI overlay, with > 4% yield. But hard to tell, their only website I can find doesn't have the usual fund info, just an email address to query .. which I did. Fidelity has the A shares …
I like REMIX and PQTAX/PQTIX on longer charts, but will just point out that EQCHX seems twice as strong post-Dec.
Good catch, @Racq. Looks like it's a fairly similar strategy to Pimco's, currencies, commodities, equity futures, etc. Onto the watch…
We also don't know how extensive Long Covid will turn out to be. CDC tracking isn't providing much help there. But it's possible it could be a significant labor force and overall economic drag ... of course not to mention a whole lot of people suffe…
TRAMX is benefitting, in this one way at least, from its 25% stake in S. Africa, which (although it's down recently) is up 13+% ytd, based on the etf EZA, which I mentioned in one of the "what have you been buying" threads. I'm thinking it's about g…
Always good to hear McCully. The downshift in globalization he talks about is pretty much a dominant view now, and will mean lots of adjustments in supply chains, which won't happen overnight.
As far as his "one investment," a stake in EM, I'm mor…
Great news for Matthews fans; thanks Shadow.
Edit: No, I wouldn't rush out to buy any of them the first day they're available and didn't mean to imply that I would. I'm mainly glad to see the availability of the different wrapper.
An advisory firm I follow put a buy on long term T's a week or so ago. The main argument was that beginning this quarter, YOY comps for econ growth and corporate profits are going to look very, very bad, there are slowing signs already, and like you…
According to that SEC disclosure Charles posted, it all stemmed from a 1997 DUI that was plea bargained, and he must have misrepresented the outcome (?). Says nothing about financial fraud or anything like that.
Seems like I've seen that used as a…
Adding a bit along to PQTAX when it takes its fairly frequent dips, like now, up 9% ytd. Had some South Africa (EZA) but sold too early; may buy it back if/when it dips. Been considering a new position in REMIX. Bought a little TLT recently, up a sm…
Right, you can't find out about auto-invest without either buying/trying or asking. I call Fido now if in any doubt at all. It can be crucial to decide whether to invest at all, especially for TF funds.
My last call was two days ago for the absolut…
I have not kept up with changes at Fido in 2022 but RCTIX did not used to participate and was not available in their auto reinvest program. So, when I sold, I did not retain any shares.
That was my experience too, about a year ago; the fund manager…
