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I'm also at a point I won't be doing much shifting around, at least until there's a selloff.
Over the past two weeks, sold all short-term tactical positions aimed at profiting from the turn-of-the-year stock blastoff, and bumped muni holdings back …
Thanks for the notes, Bud; always entertaining, and Josh B does a good summary.
That stock/bond ownership graph is really interesting to me. Reminds of the fairly large number of people out there who own a few individual stocks worth a small % of t…
Just fyi & fwiw, I couldn't get on MFO for the past 24+ hours: it timed out every way I attempted (bookmark, typing in url, using a google link). Using firefox ... just now was able to get on.
As recently as a few months ago, the Vanguard brokerage still required that you call them to set up dca buys into non-V, TF mutual funds (after the initial purchase, of course). Fido lets you do everything online.
I guess Sam Lee (who's a pretty sharp guy if you've read his ETF articles) was putting that together as a rough attempt to (sort of) approximate risk parity ... it really is just an enhanced balanced fund ... just parceling out half the stock from t…
Hi Max,
I still like some of the M* stuff not totally dependent on the accuracy/timeliness of price etc. reporting, but I agree ... man, they really don't what they're doing in the data stream/IT department. But hey, it just took a few minutes to s…
Reply to @slick: My wife and I are going to inherit some individual munis someday, & we'll be on the same learning curve. I didn't put any links in that earlier post, but the Barron's income investing blog & the Abnormal Returns daily linkfe…
Munis got whacked in December over the fear that the fiscal cliff fiasco might result in a limit on tax-free status, and for about the last month, they've drifted south in the usual seasonal pattern of a rough March due to investors' selling munis t…
Reply to @Hiyield007: Hi Mona & Former Junkster,
Very different funds there. OSTIX is MS, but has been all but totally in short junk & converts for several years. It was originally conceived to serve as the total bond allocation in Osterweis…
I wasn't aware of the site; looks fairly interesting from a quick read.
Annoying popups and ads are easily & automatically deep-sixed with the free addon Adblock Plus.
Sold play positions today in stock ETFs VOE, VXF, and VPL; plan to put about 1/3 of that right away into longer-term holding PRFHX (conservative hi-yld muni) & hang onto the rest in cash for at least a bit. First priorities for near-future adds …
Reply to @Investor: That's a great idea to do a call with the GOODX guys if there's a time when that could happen. I've come really close to sending them some $ a couple of times.
Reply to @David_Snowball: The "cash" category treatment has been questioned several times by M* forum posters for Pimco funds (& maybe others too, don't recall); looks like the screener is unfortunately off-target on this data point.
Reply to @Derf: Hi Derf -- I'd guess the "long" and "short" are the currency contracts, no? They don't short, but do hedge foreign currency (which sounds like a good deal at this point, given they've got euro exposure).
Hmmm. I wonder if the source…
Reply to @Investor: I also noticed the wide discrepancy in the cash figure for FMIJX; FMI's December 31 portfolio report, the most recent, confirms it. Thanks for digging out the others.
Tweaks only around this house: reduced a smid-cap index in favor of a mid-value etf, and put some of the cash hanging around from a partial sale of a muni fund into OSTIX, a strategic income/mostly short junk + convertibles fund.
Reply to @Charles: I don't think he'd say he's bullish on anything, especially at these levels of the PE10 overall, but those sectors at least are less than fully valued on a long-term PE basis.
He doesn't make specific predictions or recommendati…
PRBLX, since 2002; low-risk, good return U.S. stock fund, large blend, but with a much smaller than average cap (always lots of mid-caps), and ARTKX, not quite 10 years, basically the same setup in developed ex-U.S. territory.
Looking ahead, I'd li…
Speaking of health care as an investment in general, Robert Shiller is the guest on the current WealthTrack show, where he says that there are four sector PE10's still below the median of the past 20 years: finance, energy, health care, and industri…
Reply to @Art: Not at all, Art; I meant that almost every bond fund I follow (and every one I own) has made $ in 2013 so far, so it just was not that difficult to come up with a positive bond portfolio return. I didn't mean "any bond fund"; I was re…
VGHCX has an initial minimum of $3,000 these days. The admiral share class, VGHAX, has a $50k minimum. Neither has a redemption fee.
Bee, M* doesn't show the same result starting with the VGHCX chart: since early 2004, at VHT's inception, the $10k…
Reply to @scott: CVS's direction in this small market w/ a moderately large contingent of retirees is interesting. They bought a toehold in a strip mall from RiteAid ~ 6-7 years ago, and are about to open a new, enormous, 24H location on a very larg…
Given the record of the multi-asset fund, I'm thinking there probably aren't a whole lot of people who've been holding their breath waiting for this launch.
As the article Mark linked says, that trade has already run a very long way with no policy moves behind it, mainly just talk & speculation. At this point, if I were tempted to make a bet on its continuing, it'd be less of an all-in bet ... for …
Reply to @ron: I haven't owned Scout Int'l since 2007, but one thing that speaks well of the fund is that it seems to have always had fairly significant positions in Scandinavia, ~ the most financially stable & sensible region of Europe, IMHO.
My designated equity hedge is PIGIX (fairly rate sensitive, but enough yield to keep it in the plus column so far this year), which I might add to if equities hit the late spring/summer doldrums.
Also sold off a chunk of muni fund holdings in step…
Thanks, Kevin. If you go through their brief risk-tolerance assessment, they show you the exact portfolio they'd set up for you if you were to invest with them. Mine was the basic Vanguard stock ETFs, a small shot of TIPS, DJP for commodities, and t…
I just took a quick look at the site, and couldn't find any sort of prospectus (other than some related info in the FAQs) or any indication of what their neutral and/or current asset allocations are. Anyone know if that info is available anywhere?
Probably a distribution ... think there are mountains of unrealized cap gains at that fund. Check the Vanguard site; ticker in the fund search box, & go to the distribution tab once you're in the fund's pages. M* shows distributions on the quote…
Reply to @ron: But is that insider, "smart" money, or retail, "dumb" money? And which are we? (This comment brought to you by Tongue in Cheek Enterprises.)
I'll be watching mainly for opp'ties to bulk up on EMs, both bonds & stocks, via Matthews, Seafarer, & maybe TGEIX & even PCY if/when it bottoms out. That'd be partly a continuation/possible ramping up of a longer-term plan to build a mu…
