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Sven
Lynn,
Thank you so much. I am planning on a 3-year ladder since I am a year away from retirement. Lots of spreadsheet work to calculate the income replacement needed. This ladder will create a steady income stream. So thank you for all your help.
I moved back to high quality bond funds this year. Some of which you covered in the SA article. For now, I will stay with agency bonds to the bond ladder. I will pick active managers for corporate bonds.
Sven
Perhaps this is part of rebalancing as equity has out paced bond sector last year. Also there are more people retiring in combing years and they depend on bond for their income.
The country allocation of GVAL is bit too risky for my taste:
Russia 11.2%
Austria 10.9%
Brazil 10.2%
Portugal 9.7%
Spain 8.9%
Hungary 7.9%
Greece 7.8%
Poland 7.7%
Czech Republic 7.1%
Norway 6.5%
Hong Kong 6.2%
Italy 5.8%
I will stay with S…
@BenWP,
FMIJX now offers an institutional class, FMIYX at lower expense ratio at 0.84% and a minimum $2,500 (not $1M with most institutional shares). At Fidelity, it requires $50 to purchase this transaction fee fund. You can buy more later via …
I work in the technology sector where I am position to adjust our workforce to the customer demand. The growth has been anemic comparing to past recovery cycles. However, I am cautiously optimistic that Ed Hyman's observation is right going forwar…
Agree. Matt McLennan's cautious approach has done well over time. Like he said value investing is about finding compelling value and it is not easily done today.
"of the major asset classes, emerging markets remain the cheapest and we recommend tilting portfolios accordingly. And we favor active management over passive management at this stage of the market cycle."
In another word let us manage your money.
Now the Fed has raised rate by 25 basis points. There are more to come next year. So bond fund would face more headwind going into 2017. As msf pointed out, it would be challenging to generate 4% yield without incurring additional risk in terms o…
The changes were viewed by M* as largely negative even though some of the new managers have been co-managers for some time. I tend to take a wait and see attitude unless there is sizable changes in the portfolio that indicates the investment proces…
@David_Snowball, I noticed the low volatility trend since 11/8. It is more likely other factors besides high cash position contributed to this behavior. Perhaps Paul will share more details on the portfolio in the near future.
Having a wider EM universe beyond Asia and much smaller asset base really helped. Furthermore he was able to close his funds at about $1B in asset - something he cannot do at Matthews. At the same time the management fee was reduced to benefit the…
@AndyJ, I am investing with Andrew Foster's fund but not this new EM value fund. For now it is too new for me and I prefer the Seafarer Oversea Growth and Income fund. Mr. Foster track record goes back to the days of Matthew Asia Growth & Inc…
Roy, It is good to hear you're doing well and your tireless contribution to FundAlarm. I am a better investor because of that wonderful website. Have a wonderful and merry holiday.
I have no problem reading the article from Ted's google link.
I continue to hold Vanguard Global Min Volatility, VMNVX Adm share even though YTD return (8.32%) is slightly trailing the global index fund, Vanguard Total World Stock Index, VTWSX (YT…
current joyfulness of our descent into fascism
So true... when will the mass wake up to the fact that materially the market have not improved (earning)?
PIMCo said that it was just relying upon third party pricing to compute its portfolio's NAV. It offered the usual justification - everyone does it.
So Pimco is really no better than other shops. $20M fine is small in the overall scheme of things.
@MikeM, Thank you for your insightful feedback. Over time I am coming to the same conclusion. For now I use Vanguard and Fidelity, but will check out Schwab robo service and compare it to Vanguard' hybrid robo&human advisor service.
@hank,
Just purchased a used MacBook Pro for under $600.
Be careful used electronic equipments (even Macs) have their tradeoff especially the usage history is unknown. Instead of used I prefer "previous year's model" or even "refurbished". My 2015…
There are still few good funds at Artisan, but many has peaked and declined. For now I don't see many compelling reasons, either on their perforamce and management fees, to want to invest with them. There are always better alternatives elsewhere.
A non-competing clause is commonly include as part of conditions of employment, but that is limited to a finite duration. It gets sticky if she left with sizable number of clients to Grandeur Peak. Nevertheless, it is good to see Laura Geritz to j…
This week was crazy to say the least. Many sectors have a quick flip flop including precious metals, bonds, EM debts and equity, REITs, financials and health care.
@Ted, think Christie actually wrote the song "Bridge over trouble water"
It is the uncertainty moving forward particularly with the troublesome global instability. We may able muddle through domestically with increasing debts. Perhaps another dr…
Fed was pretty much on hold until after the election and may feel free to start jacking up rates soon. People are reacting to that reality as well.
Muni funds are also taking a hit as well.
I agree with msf assessment. Historically Pimco's strength is in the debt area and the backroom (analysts) support is significant to run a wide range of strategies. Because of that that small shop in Newport, CA grew to one of the largest firm ove…
