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.
Support MFO
Donate through PayPal
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
Fact checking by the moderators call out the continuous lies. It really made a big differences that got him rattled badly as the debate went on. His words were getting slurred. Someone suggested poor preparation and his debate team should be fired.
@hank, W. will not announce his endorsement unlike Dick Cheney who took his stand.
Liz Cheney recently gave an interview on NBC.
Former GOP Rep. Liz Cheney encouraged anti-Trump Republicans and independents Sunday to consider voting for Vice Pr…
Here is something that big retailers are doing to their suppliers. Walmart has been doing this for years in order to lower their prices, and consolidating the retailers, killing off the mom and pop retailers, for example.
https://reuters.com/artic…
Thank you @Observant1.
1. Very timely to wrap up the labor market data and trend. 25 bps rate cut is the most probable on September’s FED meeting.
2. September is generally weak for stock market. Tech pullback in recent weeks is an example. Aga…
Thanks @Catch22 for the data. My bonds have done well this week. As I stated earlier, they are low hanging fruits comparing to that of tech stocks/funds, which is undergoing a sell off this week.
It is often unclear in Fidelity site. Pimco bond funds, for example, have sizable % on “others”. Generally they are derivatives. Their annual reports provide more details on “others”
@Catch22 posting on ETFs are the benchmarks in which active funds are comparing to. Their up and down reveal the returns with respect to duration and credit quality. These are very useful metrics to track in 2022 with rising interest rates.
Core b…
This is a nice feature I learned from @msf years ago. In the long run, it help to build sizable positions in institutional shares of OEFs. The $5 spend pays itself many times over from having lower expense ratio.
Does Schwab offers similar fearu…
@catch22, thank you for the link above. The one link to Bogleheads is most relevant for my planning. I worked briefly with Vanguard Selected Advisory Service and they ran their Monte Carlo simulation with several scenarios with expected return, in…
After several years of high inflation and geopolitical conflict, we sold the entire gold position.0, IAU, this summer. It was very volatile but we held on that resulted a modest gain.
If we venture into precious mretal, not so much the miners, we …
Thanks @Mark. Your link provide content may be useful for investors. I look at MaxiFi several years ago and decided it was not for us. We have relatives who work in wealth management business. From what I see over the years, their returns are real…
We are not there yet. Here is our plan on stable value fund in our 401(K):
1. We will hold enough cash to cover one to two year expense (minus social security and pension) from the staple value fund.
2. The bulk of our staple value has been re…
In the past, he called fallen soldiers “suckers and losers” and did not honor those who gave their lives to this country. Now he is using the photo opportunities at Arlington National Cemetery to change his narratives in order to improve his image …
Thank you for the summary, @observant1.
Two points are of particular concern.
US debt to GDP ratio was probably 50% or 60% but is now at 120%.
The Fed balance sheet has grown 10 times during the past 20 years!
One can choose of not following the crowd. Market fell this week even with good earning from Nivida.
Thought I saw market.broadening, but it was a mirage. Wonder if the market will reacts poorly if the Fed plays it safe and cut 25 bps instead of…
The market broadened out last few week to smaller stocks. I think better opportunities are here and not the big tech stocks. I use active managed funds for smaller cap stocks. Many smaller cap stocks are not profitable and end up as value traps as y…
My guess is to attract new asset with ETF wrappers since they can be traded in many brokerages outside of Vanguard. Vanguard mutual funds cost $75 to purchase at Fidelity. These new Vanguard ETFs are not clones of their equivalent OEFs. Thanks @ms…
Two scenarios of outcome are possible, soft landing or hard landing (recession). In soft landing case, all bonds will do fine, whereas in recession junk bonds would fall like stocks. Only you as an investor can decide how to position your fixed inc…
@johnN, good to see you posting again. Bonds are low hanging fruits - say 5-7% total return with low to moderate risk. Stocks are richly valued right now. Swings between recession and euphoria may offer long term opportunities.
Nothing fancy here. We have been increasing total bond index fund since spring. Now shifting some floating rate bonds and high yield to BND and other investment grade intermediate term bonds. It is time to dial down the risk in case things get ugly…
@BenWP, in the early days, HACAX has done well for us. These days we focus more on steady growth instead and there are more choices. Lately there has been quite a bit of turnover with Harbor subadvisors. On the international funds, there are few m…
@bee, thank you for the link. Good interview from Giruox. The longer interview provides more discussion on sectors and companies he favors. Utility is a good example. Also why he does not like consumer staples and that new medication will improve …
@yogibb, thank you for the data. The “shorts” position and timing make the fund most interesting comparing to other allocation funds I have. More homework on my part since LCORX has sufficient long enough history through several drawdowns.
Spiros “Sig” Segalas who managed Capital Appreciation fund passed away several years ago. The fund is team managed today. Still very good but no where nearly as good as it used to be. Other Harbor OEFs are so so.
Time have changed and BG’s inves…
During 2022, the correlation between stocks and bonds approached 1.0 when the FED raised rate. Other time period, the correlation was much smaller. Having said that, one has to look at longer periods, 5 years or more to smooth out the year of 2022.…
@MikeW posted a Barron article on QLTY earlier this year.
https://mutualfundobserver.com/discuss/discussion/comment/176644/#Comment_176644
Good interview in Barrons with Tom Hancock of QLTY. David has highlighted this fund recently. He is not a fa…
Ok, I give it a shot.
Question 1. Leuthold Core Equity. LCORX/LCR does not seem to track passive 60/40 funds. Technology is the largest sector the fund invested in, but is hedged with a short position on QQQ. Having over a 10% in cash shows th…
Things look brighter this week. 50 bps or less for this year sounds reasonable unless the labor market turns really bad with massive layoffs. We see a few but nothing wide spread as in 2008’s GFC.
There is already evidence of dementia or Alzheimer’s disease from his speech with shorter sentences, made up words, and monologues of nothing. Will see how he faces a former San Francisco state prosecutor in debates.
Thanks @catch22 for posting these bond data. The inverted yield curve has been more interesting in last 2 weeks.
Please see @Observant1’s posting from Charlie Bilello.
https://youtube.com/watch?v=LseO6Y4ER4M
The Buy and Sell tread is misleading and does not necessary represents the broader posters here.
We made small adjustments in our in our tax-deferred accounts between different asset classes. No big changes for sure. Changes we made this year incl…
