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.
Going into the New Year I hold 4 bond funds - emerging markets, world, high yield corporate, and bank loan. Plan on adding a multi sector tomorrow and possibly a high yield muni. Hold too large an amount in cash and hope to deploy much of that ov…
This is why I wish this forum had more retirement discussions. Old_Skeet you are still a youngster and apparently haven’t been hit by RMDs yet. It’s under $85,000 and $170,000 for couples with the next bracket being 85,000 to 107,000 and 170,000…
Maybe geography has something to do with it. I live 100 miles south of Louisville. That’s the major UPS hub for the United States. There is also an Amazon distribution center in Campbellsville not far away. But most and almost all of my smaller …
I’ve lightened up ever so slightly on IOFIX. Will sell more if it takes out recent lows and buy back if it takes out recent highs (adjusted for November dividend). The non agencies seem to have hit a wall here albeit IOFIX hasn’t really been affect…
Junkster's Forum Comment
Here is looking at you @MikeM.
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Re: Bond OEFs - what now
Junkster 11-02-2017, 11:05 AM | Post #3880685 |
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>>>> FD says "Most of my money is i…
I mentioned IOFIX here back in March. Received virtually no attention, albeit a couple did purchase. Has run circles around PIMIX/PONDX and not lagging the S&P by but a few percentage points. But they sure paid attention over at Morningstar. …
I think we can all agree that the last 10 years have been abnormal... GFC, elongated recovery boosted by QE. I have no crystal ball to tell you when things will turn, but I do believe they will and we will all be on this forum posting about our low …
https://www.gurufocus.com/profile/David+Einhorn
Einhorn’s Greenlight Capital was funded in 1996 and through August 2006 had stellar 29% annualized returns. Since then not so stellar ending 2016 which shows a NEGATIVE 2.4% annualized for three yea…
With respect to the increase in Medicare premiums that may ensue if one takes two RMDs in the same calendar year, it is possible to appeal to Medicare for a return to the lower premium rate if one can show that the one year with the high income was …
Bull markets tend to inflate investors' expectations. Since January 1, 2009 to September 30, 2017 the Vanguard 500 Index fund (VFINX) has returned 14.29% annualized while the Vanguard Balanced Fund (VBINX) 10.39%. Higher returns if you use the March…
The problem with this board compared to Bogleheads and Morningstar is simply participation and the number of eyeballs. It's a small niche board. Not sure what it would take to increase viewership.
The topic is primarily about human/herd behavior/behavioral finance. I tend to be pessimistic given current asset-values and (my perceived -) complacency of market participants.
We each should ask ourselves: are we being reasonably compensat…
Professor Shiller has been saying this for several years now. Since nothing happen and the herd continues to plow forward. Haven't we all seen this before prior to dotcom and subprime bubbles?
The more pertinent question is what to do to protec…
What drove the past housing bubble was availability of credit to just about anyone resulting in a highly leveraged market that led to a housing crash. Not so this time around. Now it's an extremely low inventory of existing homes. Oddly those h…
Many could argue, and rightfully so I suspect, that we are in some broadening top formation. Numerous pundits have articulated brilliantly why investors should be raising cash - yet the market keeps making one new high after another. It's a baf…
@Junkster,
Thanks (I think).
Don't confuse (1) observing daily performance of various funds and sectors with (2) short-term monitoring/reporting of portfolio return.
I watch daily activity strictly for educational value. For example: If interest…
Good points Hank. I agree with you on this reporting of short term results and will abstain from it in the future. That is what got me riled up in the first place. The thread begins about who saw red in their account and then the egomaniac someho…
PCI is still retains a discount although. Narrower than in the past.
Separate question: Do folks regard PONDX/PIMX/PONAX as a core holding or a high yieldly satellite? Just curious what folks like @junkster, @davidsnowball, @mikem, @oldskeet think?…
I will say it one last time and be done with it. He who speaks in the third person misrepresents his returns. Take a gander at catch22 post. What is so hard to grasp about that. What is so hard about looking at beginning of year balance and YTD…
Not so ... @Junkster, I started reporting both ways about a year ago. And, more recently reporting only investment returns. Where is it listed or detailed that there is a standard on the forum for performace reporting? Sorry, you are having diff…
Hi @Junkster,
Thanks for stating your position towards my portfolio reporting.
Yes, these are investment returns excluding the cash sleeves. Look a couple post above mine with what Ted posted as his portfolio's return. For what it is worth, I'm …
Hello,
Old_Skeet's portfolio which totals 47 funds ... for the day and for the week ... all green. And, currently, no red year-to-date or for the rolling twelve months either. The worst performing sleeve is my small/mid cap sleeve found in the gr…
I've known good and bad. One of the best is in my small rural town of 14,000. Not a popular opinion but being a big believer in transparency I think investment advisers' personal accounts should be part of the equation. If they cant manage their …
http://www.marketwatch.com/story/beneath-the-glow-of-stock-market-records-darkly-bearish-trends-are-lurking-2017-08-04
From a few days ago. The last paragraph is particularly ominous.
Edit: Complacency is rampant. I would love to see somethin…
I don't see much compelling about junk corporates now. It was mentioned in February of 2016 that junk may be the place to be.as well it was with junk and bank loans leading the way throughout the rest of that year. But why all of sudden now after …
PCI is still retains a discount although. Narrower than in the past.
Separate question: Do folks regard PONDX/PIMX/PONAX as a core holding or a high yieldly satellite? Just curious what folks like @junkster, @davidsnowball, @mikem, @oldskeet think?…
It sounds simple to buy during a bear market, but the facts are that people buy during the bull market, and will sell during and after a decline. I heard that a guy by the name of Robert Prechter has an amazing history, so he says, of predicting th…
@Junkster Your comments on bond funds always are important for me! So you are leaving IOkFIX because of a rather small decline during two days, or because it is known? Of course PIMIX is much more known. My impression was that IOFIX momentum is onl…
IOFIX not unknown any longer as it's now on stock charts.com. Am paring back today and then go from there. We just had two consecutive daily declines (excluding ex dividends days). A first for the year. Will be hiking in some off the beaten path …
Hi @Junkster
Yowie, eh?
IOFIX = +29.9%
PIMIX = +13.4%
http://stockcharts.com/freecharts/perf.php?PIMIX,IOFIX&n=521&O=011000
I double checked the performance math against M* and indicates correct.
I have not reviewed IOFIX magic sauce,…
PTIAX largest sector allocation as of 3/31 was non agency RMBS. I would wager they have increased there since that time. From a link I posted elsewhere PIMCO is buying everything they can there as it offers the best yield and fundamentals in Bondl…
Interval funds = another gimmick/fad offered to retails investors under the guise they are being being offered the privilege to invest along side of the big boys. But maybe I am getting old and just can't grasp why anyone in their right mind would …
Entering today I am 50% IOFIX 38% PONDX and 12% cash. Can't say I am very confident about either equities or bonds and worry about increased volatility. But then I always worry with tight exit points and never get married to any position.
After 3 consecutive losing years emerging markets bonds came back to life last year and in 2017 lead the pack in Bondville. With a deteriorating dollar and improving emerging markets economies I see no reason why that should change. Historically t…
Not so fast. While it could be a one time "blip" in 2015, that the US life expectancy for men and women did in fact decline for the first time. If it holds up and the decline continues, the probable reasons are...
. obesity epidemic
. opioid epide…
I'd beg to differ, at least slightly, on a few points. Risk does not matter more in absolute terms. You can eliminate almost all risk and get almost no return and that's not really what matters most. Risk matters when you don't have a long enough…
