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.
@ron, I believe their are other funds and fund managers as good as PRWCX.
One of PRWCX mandates is to capture the markets upside with half the downside capture. Upside/downside capture is a matrix I need to dedicate some time.
I believe Healthcare…
@Mark. Finding alternative income funding sources during market downturns would definitely help.
Income sources that are non - market correlated would be a good addition to a retirement portfolio. This would help handle market sequence risk (withd…
A good tool an individual investor can use when deciding between managing their own investments for "retirement withdrawal purposes" verses owning an annuity is Portfolio Visualizer linked (here). Obviously PV data is using past performance data, bu…
Good points and post @Old_Skeet.
Trump has come along at a point in political history where, by the narrowest of margins, his was elected. I voted for him, so @rono, pass me a plate of SOS...couldn't bare 4 years of Hell-ary...especially after the…
Since the February 2018 lows FSUTX is up 15%. I'm not sure that FSUTX is a poxy for PRWCX's holding in utilities, but it points out that portfolio components, especially defensive components are what separate out successful funds and fund managers. …
Using Portfolio Visualizer (link below),
https://portfoliovisualizer.com/backtest-portfolio
enter your favorite retirement income fund. I entered VWINX (conservative/moderate) as portfolio 1 and PRWCX (more aggressive) as Portfolio 2.
Past perfor…
Mutual funds that provide both "growth & income" for a retiree...What are your choices?
Here are two that I believe would work well.
For taxable retirement accounts - VTMFX
For retirement account - VWINX
Source:
https://money.usnews.com/fun…
Sine this is a "Investing 101" thread...from Valic (Educational):
A closer look at cash, annuities and mutual funds
Valic Education Center: A-closer-look-at-cash-annuities-and-mutual-funds
Here's a read on the subject (2014).
To the point of annuities verses bonds:
Opting for guaranteed income comes with downsides. Annuities are inflexible and allow for no liquidity to alter the income stream if circumstances change, if there is an un…
Except...But funds that invest in somewhat more narrow slices of the market, as opposed to the broad ownership of nearly all stocks, as well as non-index (i.e. managed) funds, can still make sense too.
If and when this situation will change is obv…
This post is number one in the "fund discussion" category...nice job @Ted...finally something we all care about here at MFO...you.
Interesting that almost half of your investments are in individual stocks (49 %).
Thanks msf, you make this site a beacon in the night.
I find it somewhat disheartening when brokerage firm's tax advice defaults to, "be sure to consult your tax advisor"...as if I have one.
Thanks Again.
POAGX has had to struggle with its largest holding, NKTR, which has tank recently on news of poor drug product test results. Share price of NKTR fell from $90 to $52. POAGX has about a 11% weighting in NKTR.
Any info on this stock would be appreci…
If SS is your only resource in retirement than you failed retirement 101.
Do you deserve SS? Of course.
My Advice:
Take it early and often...life is short. You do not gain anything by waiting until age 70 to collect SS and then dying before age …
Sifting through the comments I wanted to respond to BrianW.
@BrianW wrote:
Kids then go to failing 'public' schools and learn little about what's needed for success. Look up Hartford Public High School...second oldest Public school after Boston La…
Thanks for posting @Ted.
Interview Action Plan:
Recent MFO discussion on regional bank investing (KRE mentioned by Mr Tennert):
https://mutualfundobserver.com/discuss/discussion/comment/100402/#Comment_100402
@VintageKing,
My understanding of Roth contributions (so take this with a grain of salt) is that the contribution can not exceed the yearly limit nor can it exceed total earned income.
You can "substitute their money with your money" as far as th…
A couple of Correlation Tools:
What's the correlation of one Vanguard fund to another...find it here:
https://adviseronline.investorplace.com/parts/tools/correlation-tool.html?fund1=500+Index&fund2=Wellesley+Income
Portfolio Correlation tool (e…
MUNGER ON BUFFETT BEING ‘SEMI-RETIRED’
“He sits around reading most of the time and thinking, and every once in a while he talks on the phone. I can’t see any difference … Warren is very good at doing nothing.”
Remind me of the saying:
"Don't ju…
@Maurice, not if she inherits these shares upon death that might reside in his taxable account...stepped up basis would avoid his capital gains (tax consequences). This is where death and (capital gains) taxes die together. We should all be so lucky…
Hold S&P 500 for 10 years...20 years...not 10-20 minutes
“The S&P 500 Index Fund is the one to use. That’s the one I used in that bet I made for ten years. It’s the one I’ve told the trustee for my wife to put 90% of the funds I leave her in…
Recent M* article on "2 Ways to Upgrade Your 401(k) Without Leaving Your Job"
employees may not have to wait until they retire or leave the firm to be able to make improvements to their 401(k)s. If their plans offer what's called an "in-service dis…
Looks like the devil is in the details:
529 account penalty and financial aid
Families, however, can encounter problems when grandparents withdraw the money to pay for college expenses. The 529 withdrawals must be reported on financial aid applicati…
Alpha in the descriptor doesn't help either...
funds-with-alpha-in-their-name-actually-underperform-their-benchmark
I guess so long as your fund has at least "80% special" in its make up your fund manager is safe to call it that...
Investor Protect…
Not "special", but a few other "not so special" mutual fund descriptor's:
A few other names and descriptive terms the fund companies use to try to get your attention:
Enhanced
Unconstrained
Ultra
Moderate
Aggressive
Core
…
I use a dedicated Amazon CC when I buy anything at Amazon. That card offers 5% back on Amazon purchases.
Details:
Amazon Prime Rewards Visa Signature Card
From Chase Bank, the Amazon Prime Rewards Visa Signature Card is similar to the Amazon Rewar…
@VintageFreak, I own a number of funds that focus on sectors...Tech and Healthcare has worked long term (10+ years). I believe it will continue to be two important growth sectors going forward.
Sector performance in Healthcare sector funds like (V…
Is M* portfolio manager is still available at T. Rowe Price? Lately the Portfolio X-ray tool is only available when the total asset exceed $50K.
That may still be the case. I sometime make the effort to meet these minimum by consolidating my hold…
Obviously counter intuitive, but down markets are buying opportunities. For long term investors, down markets are the most important "buy & hold" time frames for investing success.
In periods of market stress (I'd mentally try and change this w…
The Simplicity funds and the Target Date funds have the virtue of keeping life simple. Some how that got lost in these discussions.
What I like about these funds is that if the allocation is too conservative or too aggressive an investor could simpl…
Vanguard Article:
History suggests that commodity-related investments may at least partially hedge the risk of inflation. It also suggests that exposure to metals, agricultural products, oil and gas, and other hard assets can help to diversify portf…
