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.
@Crash. We also had a Saturn that lasted almost 300k miles and made many cross country trips. With its plastic body and industrial grade cloth interior it looked brand new till the end. Fondest memories were adding oil at the truck stops while wif…
@YBB. As always thank you for sharing your knowledge. I am curious about choosing PYLD which seems new and lacking any track record. . What make it worth 20% of this slice and dice exercise?
Oddly enough and contrary to my expectations I just had a very positive interaction with a competent live agent with virtually no wait. Maybe I was just lucky.
I am overweight CD’s and loving it. As an older middle aged dude it’s great not to think of the next 50% correction. The only thing I worry about is when to go out longer to lock in a living, risk free return. I think that life is cool at 5.5% an…
Thanks for the responses. Given that Mr Giroux is widely acknowledged to be a brilliant fund manager and the access to his talent has been limited for years I would have expected faster growth. After all, investors have been waiting to invest with…
@ David Moran. Tuition is a reference to my comment about the significance of 100 grand. Which followed fd100 who contended that same 100large couldn’t change one’s life in a meaningful way.
fd100. While you are a strict constructionist many here have no problem when the participants let the discussion go where it leads. Your comment about how significant 100k may or may not be in one’s life obviously was a lightening rod for further …
Well stated Old_Joe. Think about what 100 grand would do for a newly homeless working poor family priced out of the rental market. That might provide a MEANINGFUL change to their life.
“100k is not meaningful to change someone’s life”. I am sure all of us here disagree but that money could pay for life saving medical treatment,,,, put your kid thru four years at a decent enough state school, free a family from debt,, have a down p…
@Hank. Van Patrick was the first Detroit sports announcer I can remember also. I remember he did both the Lions and Tigers but I might be wrong. I sorta recall he got fired for being closely associated with one brand of beer and another brand beca…
@ carew388. You nailed it but we Detroiters would NEVER think of those places as hot dog stands. You go to your favorite for two with everything. I am a Lafayette guy.
Re: boats and wealth. Many, many years ago my old man told me that if weren’t for my sailing habit I could have been rich. But sailing twice to Mexico made us rich in experiences. Just should have sold her sooner.
@Hank. Invest in a boat? We are selling our sailboat we have owned and enjoyed since 1999. Worst investment ever. And selling it might not be very easy at all.
I am speaking of his supporters. The homophobic, xenophobic, racist , anti semitic , gun worshippers. Those who would take rights and freedom from women and many voters.
@Old_Joe. Two ideas can both be right. While “silence is akin to acquiesce “ engagement with them gives them legitimacy. Which they don’t deserve. We live in mixed neighborhood. Several of them live near me. You can tell who they are because …
@rsorden. I hate to give you the attention you so obviously crave but throwing words like “ commie liberal snowflake “ and “every thread” disqualifies you from having any credibility.
Thanks for this idea YBB. Why would Treasury FRNs be better than a Mm fund? And when the Fed pivots will these perhaps continue to have meaningful yield longer than MM funds? Thanks in advance for your reply.
@sma3. Right on! I believe Fitch used the term “governance.” The trump party, let’s call it what it is, no longer cares about governance. Does not even pretend. Just raw power. Trump has fooled the deplorables into supporting him against their …
At this point nothing about trumps behavior comes as a surprise. He is shameless but he is what he has always been. The real issue, the issue that must be addressed, is the absolute devotion shown to this disgusting character by almost an entire pa…
Using Schwab as my source of CD rate data it seems as though a plateau may have been reached. Since July 10 rates have been essentially flat. I don’t think that these rates will last well into 2024. Now may be the time to lock in for longer.
@fred. Point well taken. Another defensive measure might be to skip six figure CD’s all together and spread the risk around. I am trying to have fewer CD’s in my collection but not so much to add concentration risk to a mostly safe asset class.
Hank. You were actually right. VWINX has a 37.39% allocation to equity. 60.41% to FI. As of June 30. Using Portfolio Visualizer to back test since 1/1 2019 I would be ahead if I would have been 100% in VWINX. Of course my equity allocation was…
