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.
@davidmoron
I know little of Hillsdale College but what I can tell you about my college experience is it was a special place where ideologies could co-exist and clash…I recall General Westmoreland debated with an audience of antiwar protesters and V…
wxman123 said,
I'd probably dump everything in VWIAX and let it ride. You could do a lot worse!
3 possible Benchmarks:
VWIAX (VWINX) - Conservative Allocation
TRAIX (PRWCX) - Moderate Allocation
PRBLX - Large Cap All Equity
USAA sold its brokerage business to Schwab
I was to recieve nothing as a USAA member for the transfer of my assets to Schwab so I took my assets to TD Ameritrade and received a transfer bonus of $1500.
Funny, now that TD and Schwab are merging...i…
14th in the ranking? USAA? Really?
USAA out sources...
Victory Capital supports USAA members with USAA Mutual Funds
https://investor.vcm.com/member
USAA sells out...
Also, USAA brokerage accounts were sold to Schwab for a handsome profit.
($1.…
Ed Yardeni mentioned Exoskeleton Technology...very cool!
exoskeleton-and-exosuits-in-the-workplace
eksobionics
top-10-companies-in-exoskeletons-market
A fund like FSMEX may be exposed to this type of Technological Innovation.
@LewisBraham said,Actually, Morningstar categorizes GQG as Large Growth. Your large red arrow should be pointing at the "Category" menu to the left. The "Investment Style" box is usually considered a temporary phenomenon
Isn't that what chickens do.…
@hank,
Also, as prices increase, the product / service (size, quality, features,etc.) often stealthily devolve.
Here's a few:
- Food Products - Ice cream, OJ, Milk and most other groceries - have devolved in size while rising in price
- Manufact…
Breath of fresh air…
“Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.” – Peter Lynch
https://crossingwallstreet.com/archives/2022/02/cws-market-revie…
I charted three approaches:
100% VWINX (larryB Portfolio)
90% / 10% VFINX / VFSTX (Bufffet Portfolio)
100% PRWCX (Moderate Allocation Fund)
If we are at high valuations VWINX would provide the best downside protection, but over the long term not th…
@hank said:
I think your thinking in terms of late life portfolio positioning
@WarrenBuffet said:
“My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fun…
Like history, "past performance doesn't repeat itself, but it rhymes."
PV, linked in it's letters, helps investors view the history (in some cases the last 37 years of investing history) of not only mutual funds, but stocks/ETFs (entered as tickers…
Take a look at:
VGWLX
https://morningstar.com/funds/xnas/vgwlx/quote
RPGAX
https://morningstar.com/funds/xnas/rpgax/portfolio
MALOX
https://morningstar.com/funds/xnas/malox/portfolio
@Derf,
I have three puddles of retirement income: Roth IRA, T-IRA and HSA. I have pension, but no Social security.
Until 65 I will be contributing to my HSA and managing my income to maximize my ACA (Affordable Care Act) premiums.
From 65 to 72…
Christine Benz's withdrawal suggestion (3%, rather than 4%)...3.3% to be precise... has a lot to do with future expectation of portfolio returns during the next 30 years. To me it really has more to do with future expectation over the next five year…
@msf said,
A similar fund (the only similar fund I'm aware of) is VTMFX. Cheaper and has outperformed in almost all calendar years. But, one needs a Vanguard account to invest in it.
USBLX would be similar to VTMFX...long term VTMFX has out performe…
Thanks @hank...great interview.
I have been impressed with FRIFX as a Real Estate Income Fund. This was a favorite of @catch22. FRIFX has has a great 2021 and in terms of Rosenberg call for lowering interest rates I believe it will continue to perf…
@rono,
I would suggest - for your grandson to read - anyone young investor can benefit from these words of wisdom.
If You Can - How Millennials Can Get Rich Slowly - By William J. Bernstein
thanks @hank
I will reread and try to remember:
Investors who understand the behavior of crowds have an enormous advantage over those who don’t. Investing often involves figuring out where the crowd is going, even if it’s objectively ”wrong.” "Inve…
What Type Of Retirement Spender Will You Be?
One final study should be considered to help shed light on retirement spending patterns and which default assumptions could be appropriate for different types of retirees. In August 2015, J.P. Morgan Ass…
The retirement drawdown “smile”:
Retirement spending drops off over the first half…then picks up again in the second…half due to healthcare spending
https://retirementresearcher.com/retirement-spending-smile/
