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
According to M*, the fund has 10% cash, 11% utility. Quite defensive. He is in good position when the market pulls back.
https://morningstar.com/funds/xnas/prwcx/portfolio
I recalled the moment clearly as someone said in my office, "what the hell is that !" What followed was 4 separate tragic events unfolded right in front of our eyes. Years later we visited the sites to our respect to this tragedy.
For sure Hasenstab is stubborn and stays in the wrong sectors for too long. Even today his funds are so so only. Surprise to see people still invest with him.
I used to invested with Mr. Hasenstab but the fund has been lagging the global bond category consistently for a long time. Many oversea bonds pay very little in dividends. Some are in negative yield as a result of QE !
It is likely a scheduled maintenance on Schwab's severs. One would plan to schedule at midnight hours in order to minimize the disruption for the customers.
Exactly. Vanguard only allows cancel order early in morning. Other times are not okay even if you call their agents. I will talk with their Flagship service first to see if I can get into the Investor shares first. Afterward i can add up to $25k p…
@Mona, thanks for the reminder of Odyssey funds. I am a Flagship client, but I don’t use their advisor services. Not sure the process of getting into Vanguard PRIMECAP funds. Vanguard Capital Opportunity is managed by PRIMECAP and is similar to thei…
It appeared the change of management team from Barings to Cedar Street since 2019 has improved the performance. Brodsky and Mozes have done well in this international small cap value space.
I have better luck with smaller cap growth funds than t…
@msf said:
One cannot open a new account in a Vanguard PRIMECAP fund (Primecap, Primcap Core, Capital Opportunity) unless one is a flagship customer at Vanguard. As Vanguard closes other funds it usually (but not always) continues to make the funds…
I use multiple brokerages in order to gain access to many funds. My experience with Vanguard is satisfactory even though their website is dated relative to Fidelity or Schwab, for example. Once your asset level reach Flagship status at Vanguard, y…
Kiplinger says that Vanguard and TRP "declined to participate". Perhaps what this means is that Kiplinger is still waiting on their customer service departments for responses:-)
That is funny. TRP has cut back on many services. I used able to acce…
The sad part is that her blood testing method was endorsed by many established individuals including a Stanford biochemistry professor, Walgreens and CVS pharmacies, politicians (Henery Kissinger and Bill Clinton), and hedge fund managers. Guess th…
The link I provided above (Fidelity) showed 68% in equity as of 6/30/21, which is the typical range he runs the fund. Comparing to the composition of the portfolio to a year ago, there is more defensive positions (11% utility) and cash.
That is not encouraging news. Several posters here have had issue with Vanguard's and T. Rowe Price's customer service. Is everyone working from home the root cause for this type of problem?
That is the reason I also use Fidelity which runs very re…
That is my exact thinking going back when Benanke started QE, and the central banks around the globe. Still can't imagine the negative interest rates in Europe and Japan.
Today the Fed (and other central banks across the globe) is part of the market. To support the stock market, quantitive easing, QE was introduced back in 2008. During the COVID-19 pandemic and the country is being locked down. The broader market fe…
Quote from Barron,
Fidelity and T. Rowe Price opted for semitransparent structures that don’t disclose all their holdings daily for ETF
I read elsewhere where a manager described it is challenging to build a sizable positions without revealing wh…
This is a challenging environment to make modest gain when bonds are yielding little and US stocks are richly priced. Most of the gain I have came from last year rotation into value and smaller cap stocks. Hopefully earning reporting holds up. One…
I like short term investment grade bonds, short term TIPs and GNMA as cash substitutes, although not perfect. My allocation is modest with 55% equity and tilting toward international. Trimmed back a bit on EM exposure. Last week Powell’s carefully c…
Unlike active managed And passively managed ETFs, open-ended mutual funds are required to report their holdings every 6 months in semi-annual and annual reports. The delay is necessary to avoid front-running the fund manager’s trading that may run u…
Over the years much has changed for us. We switched to use mostly index funds and ETFs, except for smaller caps and overseas. Our 401(k) choices are all index funds and target dated funds. Our expected return is modest. Getting market-like return is…
As of 6/30/21, PRWCX holds high % in utility (11%) and cash (10%). Still he managed to gain 13% YTD and leads the balanced fund category. The fund is well in position when the market corrects when the Fed starts to taper later this year.
https://…
He made the announcement back in April as the market was getting fully priced. A year before in March he was buying aggressively when the market fell 30%.
https://cnbc.com/video/2021/04/23/t-rowe-prices-david-giroux-we-are-underweight-equities.ht…
Thanks for digging further for the details. These funds are for customers in Vanguard’s service and not for retail customers. International Growth is interesting. Anderson is retiring within a year and leaving the fund to a much less seasoned manag…
These new actively managed funds will be available exclusively to clients of Personal Advisor Services (PAS).
Vanguard Advice Select Dividend Growth Fund will seek to outperform the broader U.S. market, focusing on financially sound, large-cap compa…
The requirement is for self-employed individuals, not those who work for private companies or in public sectors. In the past, the banks require to see 2 years of tax return so to establish the income.
Found the news from Apple News yesterday. The article mentioned several ways to prevent identity theft. An associate of mine found out someone has filed for his tax return using his stolen social security number and birthday. This took several month…
@Crash,
T-Mobile just got hacked and social security number of their customers are stolen. May want to freeze your credit scores with the three credit agencies.
https://washingtonpost.com/technology/2021/08/19/t-mobile-data-breach-what-to-do/
At present Amazon and Microsoft are bidding for DoD’s multiple $B cloud service. In the old days, each company has their own data storage centralized over several locations. Today it is cheaper to farm out the corporate level data storage to the clo…
Quote from the second link,
Under the new curriculum, Illinois students will analyze news content across platforms. Breakstone's groups spent the last year working with ninth-graders at a suburban Chicago high school, integrating news literacy int…
Things can get ugly if South China Sea conflict escalates. In the last 3 months the broader EM index which has 40% exposure to China has been declining. Think I will sit out this dance.
Thanks@TheShadow. That is what I find on Artisan institutional site. The other one is for retail investors. Not much info on the site other than few general info. You need to contact directly.
That is NOT a fund for me.
