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.
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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
The more pertinent question we should be asking is how this COVID fallout will affect the Chinese manufacturing capacity and the consequence on the global supply chain.
If the recent shutdown of Foxconn factory is an indicator of problem, this wo…
It is all about creating their own narratives while they fail in every aspects of controlling COVID.
https://nytimes.com/2022/12/23/world/asia/china-covid-death-toll.html
Looking at a cynical view, a million death among the elderly would be benefi…
@Derf,
Equities carry different risk from those of CDs and treasuries. Value and dividend oriented stocks may have lowered risk. One thing for sure, tech stocks are still expensive as they continue to fail in meeting earning expectation. If recessi…
@catch, I did notice the FZDXX yield is reaching a respectable yield now.
Today, there are many choices. If you willing to go a bit longer in duration, treasury bills are yielding a bit more. As of 12/23/22, the 13 weeks (4.34%), 26 weeks (4.67…
That was my exact point! It was set up so there will be no auditing while he was in office. Also how did he managed to pay $0 income tax in 2020. Usually when there is substantial business loss in million$, it would trigger auditing and there was …
Charles Rettig was appointed to head the IRS in 2018.
https://marca.com/en/lifestyle/us-news/2022/12/22/63a4398ce2704e6b9c8b458f.html
In the meanwhile, the tax returns of two former FBI agents, James Comey and Andrew McGabe, were audited.
https…
From the original source (CDC data) of @LewisBranham’s article above. The leading causes are COVID-19 and drug overdose deaths. Surprising that COVID related death ranks #2 since the pandemic started.
Further breakdown of the data is in Figures …
Here is a snap shot of Bengt Serger, the fund manager, and a global fund (
C WorldWide Global Equities 1A ) he co-manages.
https://citywire.com/wealth-manager/manager/bengt-seger/d14658?periodMonths=60§orID=3745
Can’t comment much beyond …
I read Vanguard's Outlook article too. I felt it was useful for me to predict 10 years out given there are number of crucial variables that are in play. For example, did Vanguard predicted the impact of pandemic events?
Difficult to predict when the Fed may pivot. Right now there are is a diverse viewpoints for 2023. Some painted a bleak picture including a recession, high unemployment and sticky inflation.
https://reuters.com/markets/us/recession-drumbeat-gets-…
Good point. FMIJX is currency hedged int’l fund. FMI also has a unhedged version of the same fund, and the income distribution part should be much smaller.
Such illiquid securities are allowed in fully transparent ETFs, but then PRWCX would be tipping its hand as to its holdings every day, opening itself up to front-running in securities that are hard to trade.
Front-running is bad for existing share…
TRP would be the best to give you the correct answer. Pretty sure you can put in the entire $250K. Transferring asset to TRP requires signature guarantee at your local bank.
I thought about it when it was made available. Since we own PRWCX in mu…
@MikeW, you can gain access got PRWCX through TRP Summit program.
https://troweprice.com/personal-investing/about/client-benefits/index.html
If you scroll down, there are several level of Summit investors, depending on the level of asset in TRP.…
@rforno, Sell any fund with TSLA in its top-10 holdings, to include index funds
I did exactly that in the beginning of this year on two funds for different reason - richly valuation. Found several substitutes without TSLA and they performed much b…
During severe drawdowns in 2008 and 2000, NASQD and Russell 2000 fell the most, follow by the S&P ~ Dow. As I recall, the interest rate and stock valuation situations are different in every bear market.
This year, Dow sustained the least dam…
Musk is now banning others from promoting alternative social media sites. So much for free speech as he claimed. He fired the Twitter team that monitoring the user content (not that they were effective to begin with).
https://nbcnews.com/tech/soc…
@hank, Back then I did not appreciate Marks’s unique strategy with his VG fund, and I chose other managers including Michael Price and later David Giruox. Even though they are not Apple to Apple comparison, the end results worked out for me. Long i…
@hank, love your phrasing In a nutshell, Marks looks for whatever appears “cheap” at the moment. (I affectionately term this practice “dumpster diving”).
His strategy did not fare well at Vanguard as I recall and Vanguard dissolved the relations…
There is no excuse for what he is doing to freedom of speed, so he calls it. Many advertisers have since moved away from Twitters. This hits Musk’s bottom line and he is now seeking now revenue to maintain the business. Couldn’t happen to a nicer …
The 5.5% is the projected rate if the Fed continues their path of rate hike. We are all guessing at this point. Yes, I have been checking the pricing since you brought it to our attention. Many non-callable 12 month CDs at Fidelity are yielding 4.6…
Penny stocks are those from the pink sheet, Russell 2000 index. Low priced stocks still have earnings but you really need to know what you are picking and I don’t quite honestly. That is why I hire experienced fund manager.
In this space, I like…
@Old_Joe, I have been checking them too at Fidelity. Next week I hope to see more CDs with higher rates. For next year I am positioning the cash position to have 4.5-5% total return and that is quite doable. This year the stocks and bonds are in re…
Stock picking is very tough for average investors including myself. I hold only a handful that I know and keep track of.
Be careful with penny stocks since many have NO earning. I much prefer investing through experienced fund managers and not ETF…
Will buy another treasury ladder this weekend from our large cash position. Will continue to do so as one matures and rotates into the longer duration ones. Sometime next year we will dip back into bonds again.
Thanks @davidmoran, always enjoy Paul Krugman views on inflation. After Wednesday’s rate hike, investors are now fear of recession more than inflation.
@sma3, unless your phone is compromised with malware, the unique IMEI # associates with your phone/SIM card could be at risk. Breaking the 2FA is not that trivial as it made out to be. The user gets to choose what the other factor is in order to i…
Agree. Many funds are having sizable redemption not only from a bad year, but other are finding ETFs are viable options. PRNHX is down over 30% YTD.
In smaller cap space, I still prefer active managed funds over indexing.
There are several parts of the Secure Act 2.0 that improve the current situation on retirement saving.
One is to ensure workers to have access to some form of retirement saving. Many people who work for small business (full time or not) do not hav…
@carew388,
The drawdown in March 2020 was sharp and short-lived. There was considerable pressure on Powell to rescue the market. Cutting short term rate to near zero, 0,25% to be exact, while increased the quantitative easing policy (buying bullio…
If your loss exceed $3,000, the remaining balance gets carry over next year.
Back in 2008, I incurred capital loss that covered next several years. If I would be more patient, these funds would have recovered in several years. In the retrospect, …
