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.
@shostakovitch. VGWLX is what I am moving into at Schwab. NTF. The choice to go single fund is the best example of cognitive dissonance I have experienced in many years. Of course I think I could do better but maybe I would do worse.
Thanks everyone for your thoughts. I am reluctant to go one fund for many reasons. It’s sorta loss of control vs possible behavior error. And being comfortable with average. The motivation is strictly for my wife. My experience is that one can …
@Patrick1. Lots of online stuff of how to brew your own PP from multiple ETF’s. The mutual fund is not the same as the original concept from Harry Browne.
As I reported earlier,,,, our favorite taco place raised the price by 17% since our last visit in July. I am sure they waited as long as they could. It always sucks to be poor but it must be brutal nowadays.
No possible conflict of interest here. None at all. All is lost. He does whatever he wants, when ever he wants. He is plundering the country to line his pockets. Another great week for the country.
@Equalizer and David Moran. + 1. I have owned FPACX in the past and some consider Romick a star, but the ER makes me gag to hold that much cash. I urge everyone to check out the M* comment about FPA Crescent investors. Not sure I am qualified to j…
I am finding this thread very enlightening and humbling …. When I bought shares of ETFS like SCHD or other large issues with big volume I just hit market and was done with it. Have I been leaving money on the table ? I guess ignorance was bliss.
@Hank. I am so impressed that you hung on to PRPFX for nearly 25 years. We haven’t owned anything for 25 years except our house (37 years ) and our last boat, sold recently after almost 25 years.
@bee… thanks for raising the question of how to perceive PRPFX. Its raw performance is and has been awesome and seems greater than the sum of its parts. We owned it years ago and now again. I am guessing it’s recent out performance is due to its …
At the risk of stating the obvious,,,, the Fed has a dual mandate. To use the tools at its disposal to control inflation and to fight increasing unemployment. When they both increase at the same time it’s pretty difficult to raise rates to deal wi…
The voting members of the Fed are now under house arrest in occupied District of Columbia,, just renamed Washington DT. They will not be released until they do the right thing and reduce short term rates to ZERO. So says the supreme orange boy.
@yogibearbull. Thanks for all your many contributions to this forum. Always appreciated. I am a bit surprised by your above post on interest rates. That sounds like a market call,, not typical of your posts.
Only guessing but fund managers are still just guys and guys don’t want to trail their peers. For lots of reasons. Including job security. Ultimately they are judged by their numbers and the numbers are judged relative to their peers.
