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
@Old_Joe, A static allocation would not be appropriate without taking the business cycle into consideration. That is the main reason I don’t use target dated funds since we are probably entering the matured phase of the market. I initiated several…
@davidsnowball, we have been investing with QRSVX in the small cap space. Really like the holdings that Steve Scruggs selected and FPA in general. Certainly this year it has done quite well among the small cap value funds.
For now, the lower end iPhone models are manufactured in multiple Foxconn sites across Asia whereas the higher end 14 professional model is made in China. Presumably they are more complex and there are other supply chain considerations that are not…
The same article was first published in WSJ. Here is the link for the subscribers.
https://wsj.com/articles/apple-china-factory-protests-foxconn-manufacturing-production-supply-chain-11670023099
Since it is behind a paywall, here is a short excer…
He is a heavy trader.
I believe many of us here are investors, not traders. I personally like to read the articles first so to ensure the content is suitable for the broader audience. Those with catchy titles, AKA click baits, require addition at…
All because the regime won't allow an EFFECTIVE vaccine to be administered, from outside China's borders.
Buying western vaccines would admitted that China’s mRNA technology is ready to compete with the west. It is most than the cost to fully vac…
Christine McVie was one of my favorite of the Fleetwood Mac. The lyrics of her Songbird” is hauntingly beautiful. Here is a video of her performing before her passing. Enjoy.
https://youtube.com/watch?v=bfkFO9gBMBs
For once in his life, he is being hold accountable for his alleged crime. Stealing top secret government documents (not his) with malice intent is a crime against the United States. No one know the exact nature of national security damage already …
@yogibb, thank you for reminding us on the small cap space. Here I prefer actively managed funds. Valuation is very compelling. Indexing has too many pitfalls with unprofitable companies. I have few small positions and building on them. Historica…
Terrific! Otherwise, these suspicious emails reside on the internet provider’s server, not on your hard drive. Clinking on the embedded link or reply to the email would allow them to access your hard drive.
Trading ADRs is beyond my experience, but you may want to talk with Schwab representatives to get this fee schedule.
I search but cannot locate any. A short description is enclosed below.
https://schwab.com/stocks/understand-stocks/adrs-foreign…
@catch22, Just watching the wild swings in both direction with TBT and TMF. No buying bonds until later 2023.
Until rate hike is done and reached the terminal rate, it is hard to imagine bond funds will reverse course. Longer duration will swing…
Thanks for sharing the data - nice to see the figure that Paul Krugman discussed earlier.
Rent data is seldom discuss. Housing cost is the single largest expenditure on the household. Even for home owners the property tax increases every year just …
What you are experiencing are “spam’ emails, unless you click or download enclosed links on these emails. For now, your computer is NOT infected with malware or virus.
Generally, these emails can come from any countries, typically from Eastern E…
Thanks @yogibb, I made the correction on my posting.
Tough to forecast future CD rates, especially on the longer ends. Too many balls in the air. Labor # report this morning indicates tight labor market, i.e. continuing high service cost. The mar…
The 7 day SEC yield of Vanguard federal money market has reached 3.6%, whereas it was yielding near zero in the beginning of this year. Remember, they are still lagging the inflation but to a lesser degree.
Fidelity appears to have fewer choices on longer duratiion ono-callable CDs.
FOMC meets on Dec 12-13th; high probability of 50 bps rate hike. Perhaps there will be more new CD issues afterward. With the inverted yield curve, the spreads between …
I already have several treasury ladders and will add more after Dec’s rate hike at auction. My only hesitation on 2 yr or longer notes is the inverted yield curve and their yields are lowered than those of 26 week and 52 week T bills.
@BenWP, I am thinking along the same line as you are as I re-read the article again. We are chasing the unicorn! For awhile I was thinking that a good asset allocation would dampen the ups and downs of the market, at least over a full market cycle…
@WABAC, thanks for sharing your search. Thanks to Charles, the search capabilities of MFO has grown considerably. I need to refine my search again over X-mas holidays. These elusive managers are tough to spot. .
The Bull-Bear spread is -11.3% as of 11/23/22, so it is improving from Sept 22, 2022 (-43.1%) as you noted. Still learning on how to use this contrarian indicator.
Another actively managed and leveraged bond ETF, PFIX that tracks TBT,
https://stockcharts.com/freecharts/perf.php?TBT,TMF,PFIX
It is quite volatile. So just watching for now.
Yes, you have pinpointed the important variables to consider as the interest rate situation is fluid. I am getting yields well above money market funds (in CDs and treasury ladders). Will continue to add as Fed hike rates in order to capture higher …
Many corporations don’t like the higher corporate tax President Biden proposed. Enjoyed too much from the Trump’s tax cut. It is not surprising that the Koch brothers support these election deniers, while the other corporations are disappointing. …
Thanks. Your explanation on liquidity makes perfect sense.
Is there good reasons to go longer duration treasury beyond 52 weeks, in light of the current yield curve?
VG website is more clunky for buying individual bonds than that of Fidelity. Following @yogibb’s auction schedule and putting in my order a day or two ahead of the closing dates. At auction one get good prices just as the professional traders, wher…
assumes par at maturity (ignoring default risks), so be cautious.
Exactly! There is also the sovereignty risk. Case in point that Russian bonds became worthless as they were mark-to-market and underwent free fall early this year. Those EM bond f…
@Ben,that what we have done for many years until 2020 pandemic. I understand that paper filing requires an IRS agent to enter your data manually and they are prone to human error. Also you get your refund longer to complete. Some takes over 6 mon…
Try this for the text:
https://fidelity.com/news/article/top-news/202211230959RTRSNEWSCOMBINED_KBN2SD11Z-OUSBS_1?print=true
Be sure that you consider the total return of emerging market debts, not just the yields alone. The EM bond prices get crus…
