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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
That was 30 years ago from Hougton to Isle Royals National Park since we missed the ferry boat The entire flight was very scenic and landing on the inlet of Lake Superior was smooth. Up till that point I have not flew on small propeller planes.
Just flew recently for business and the traffic has returned. Experienced some delays due to cancellation. Passagers on the flights wore their masks at all time. The crew will get better as the air travel slowly returns to normal.
By the way, the …
Good for you. I consolidated tax-deferred accounts in the last several years. VGWAX is a solid fund to compliment PRWCX, a growth-oriented allocation fund.
@lynnbolin2021, Thank you for posting the Seeking Alpha article. I too invested in VGWAX since inception for the same reasons. This year the fund has making solid gain while my growth-oriented global funds lag.
I’m fully expecting the right wing-nuts will soon bring before the U.S. Supreme Court a “Shit Case” challenging whether government has the right to inspect our poop without consent. With the current makeup of the court, they just might prevail.
Euro…
the significance of females in positions of authority or power - perhaps more so in the field of finance.
I totally agree with that assessment. While I may not agree with some of her individual stock picks, her forward thinking of the landscape is…
Some data on treatment cost:
New drugs like molnupiravir require more testing and review, but they offer the possibility of a stronger, more targeted approach. A drug like molnupiravir could be especially useful because it is administered in the ear…
Since one has the choice to get vaccinated, this antiviral drug is only useful for the unvaccinated population. It is only 50% effective in preventing hospitalization assuming the patient takes the medication early when the symptoms appear. What i…
I too like the third strategy. A well balanced asset allocation would stabilize the emotional part during stressful situations during severe drawdowns. I actually several people who sold everything at the bottom in 2000's tech bubble and 2009.
Likely supply chain issue that inflates the pricing just like new cars.
CW’s funds are not doing well lately. Like to see another 10% decline before they become attractive.
I use similar approach to @observant1 on selling. An addition is ETFs and index equivalents, especially in large caps. As more actively ETFs are available, they are reasonable substitutes since they don’t have limit on holding period imposed by br…
@hank, nice summary on 2009 drawdown. As I recall, it was scary time and the pace of decline was severe. In many way, it was much worse than the 2000 tech bubble. In 2009 drawdown, there were few safe harbor except for high quality bonds and cash…
Same here. The political risk among EM countries has lots to be desired.
Read somewhere last night that PRC is getting involved (with cash) to contain the spill over into the rest of Chinese real estate sector when Evergrande defaults on the deb…
Rebalanced a bit over a month ago as everything appeared quite expensive. Looked foolish at that time. Now the bond positions are holding up very well. Think there is more uncertainties and downsides coming. Having cash is good these days.
Giroux’s annual reports are well written. His interviews confirm his sector positioning and buying strategies. At the height of the pandemic, I have cash but lacking the skills to take full advantage of the buying opportunity. That is why I hire a s…
Look like it was invested in TRP money market. Considering losing 2% annually to inflation is a small price to pay. When the opportunity presented itself as March 2020 where S&P 500 index went down 30% within 2 weeks, the 10% cash will allow on…
Thanks for the advice. I need to learn more about I bonds from the Treasury versus TIP funds and ETFs. In the meantime, I am maintaining a healthy allocation to stocks.
To be accurate on the fund's holdings, go direct to the source - TRP annual and semiannual reports. As of 6/30/21, the semi-annual report stated:
bonds, 18% = 10.4% bank loans and 7.8% corporate bonds.
cash, 10%
Options, 1%
Stocks, 72%
Noted that…
Thanks for the link. There are few viable options to counteract inflation when US stocks are richly priced and high quality bonds are providing below the inflation rate.
Really appreciate your input. I invested in PRPFX for several year but I moved on to other funds. I bought small % of IAU early last year and sold it in fall after it peaked. You are right that it is a very volatile ETF. Now that prices are rising o…
Yes he was. He was a different type of manager. His successor team never to replicate his investment process and they were replaced by other advisor at Harbor funds.
The article @Mark linked above clearly stated what “in-kind redemption”. The rich get other securities instead of cash. Thus that is not a taxable event. I would like to get the same treatment too with a few yachts and mansions.
There are other…
@Mark, I read the same article. I believe this applies to these authorized participants, not individuals, who don’t pay tax on sale of ETFs. Slick back-door practices.
The work location should not affect your work providing that the fund managers have all the tools and access to the analysts. For example, the former Harbor International fund manager, Hakan Castgren lived in Bahamas and he ran the fund just fine b…
Well, COVID is still with us. Many indoor events including restaurants require proof of vaccination or negative COVID test results. Still too many selfish people remained unvaccinated. We were hoping with vaccination that we would return to more …
More details from a WSJ article in Apple News, "Democratic Tax Proposal Takes Aim at ETFsBig money managers are bracing for a fight over Senate Finance Committee Chairman Ron Wyden’s proposal"
Senate Finance Committee Chairman Ron Wyden’s proposal a…
Vanguard International total bond index fund, VTABX, is often part of Vanguard 's target date funds. Low volatility but also low yield.
I agree EM debt is perhaps a better option for income investor. So what is so unique of VEMBX? This is a EM…
@Derf, I don’t have good track record on EM bond funds. Last ones I held were PImco from 2008 and their funds took over several years to recover. To compound the mistake, I bought too much at once instead building the position over 3-6 months.
Mark, trading of individual holding falls into the gray area where insider info can make a difference. Question is how much is too much? Officers in private companies can hold million shares of their own company’s stocks.
Thank you. Good interview from Arnott.
Mr. Arnott manages several Pimco tactical allocation funds: All Asset, PAANX, All Asset All Authority, PAUNX. Neither one is particularly outstanding through the full market cycles. Why is that?
What…
