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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
There is talk that Esper is being replaced. How sad even if that is just talk.
https://politico.com/news/2020/06/04/esper-white-house-replacement-302174
Interesting read.
First, the economy is not really “broken,” as it was in the Great Recession, when the U.S. housing market collapsed like a wobbly Jenga set as the stock market, labor market, and manufacturing industry all came clattering to the …
@rono, you beat me to it. I was also wondering on the current upswing. Main street has not improved much with the high employment rate (14.7% on my last count). Layoff has not stabilized and seems to worsen. Is all that QE across the globe drivi…
Insightful read for the crudical weeks...
Giroux said that the fund typically makes stock selections slowly, as he takes “deep dives” into about 10 companies a year to analyze possible investments.
“That process usually takes a week. But I took 37 …
I can't believe what I am seeing on the street. Instead of being a unifier and calming the people and protestors, he escalated the situation and made it much worse! Thought Nixon and Johnson handled the situation poorly. Who is the adult in the WH…
@bee, Depending on which phase the investors are in, retirees may have have 5.5 years timeframe to recover. The recent 30% drawdown would require 47% return just to reach the break-even point.
Assuming the retirees chose a more conservative allo…
Early this week I rebalanced out several % US equity to cash. Gradually increase gold position as I lost confidence of this irrational market -14.7% unemployment and increasing. My defensive positions in utility and REIT have been deciminated. The…
As @bee pointed out poor health care system and in combination with lack of pandemic plan and proverty will worsen the COCID-19 impact. Brazil is a good example where it became the second country after US to have the highest fatality cases. https:/…
Pretty wild days for sure. I keep remind myself the stock market is not an accurate reflection of the economy especially the high level of unemployment - 14.7% and increasing. Sad sight of seeing long line of people getting grocery from food banks…
Cannot envision the current high unemployment figure to improve in the 3 or perhaps 6 months. There are companies that are reducing pay to those they retain just to stay afloat.
https://msn.com/en-us/money/markets/salaries-get-chopped-for-many-am…
We also haven't seen the last of the bankruptcies and the rest of the fallout soon to come our way. That party is just beginning.
Today's up market was due to the hope of a vaccine. Question is when or if that will be found, manufactured, and distr…
Will maintain current strategy as I learned from this down cycle. There is, however, another risk beyond cornoavirus such as trade war with China as it is gaining momentum. If it repeats as in late 2018 another double digits loss can resulted.
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The purpose of wearing masks and social distancing is to protect yourself from catching the virus and protecting others from getting the virus from others who are possibly infected. People need to keep that in mind.
@TheShadow, Wearing face mask i…
We are still very careful going outside. Work environment has changed forever with much emphasis on social distancing, face covering, and personal hygiene. Many recovered patients have lasting damages to their internal organs including the lungs,…
This is a turnaround play for David Girux. As an investor of PRWCX, I have confidence of his stock selection. @MikeM, thanks for summarizing the fund. Reducing utility stocks for GE is a solid move.
To avoid large crowd in stores we go either early when the stores open or near the last 15 minutes before closing. It is also good that many customers are now wearing face covering and addition protection are installed to protect the cashiers and w…
Quote from above link. This week, a woman, her adult son and husband were charged in last week’s fatal shooting of a security guard who refused to let her daughter enter a Family Dollar in Flint, Michigan, because she wasn’t wearing a face mask to p…
Business air travel has changed significantly amid COVID-19 situation as telecons have replaced face-to-face meetings. Most of the tasks are getting done but personal experience differs widely. Security and connectivity are improving. I suspect mo…
That said, I didn't add the comment in my post above because at least for vanilla bond funds, YTD performance is positive and in line with long term performance. Of course, the more one moves away from vanilla, the greater the skew:
Intermediate Co…
Sortino Rating, Full Cycles and Down Cycles, Recovery period.
For bonds, one can analyze the credit quality breakdown, i.e. % in AAA, BB and below. It is a delicate balance between having decent yields and not have large exposure to junk bonds. …
Several Berkshire Hathaway's managers including Adit Jain, Greg Abel, and Todd Combs are part of the succession plan for sometime now. When Warren Buffet is not make big move now other than selling ALL airline stocks should signify there is little c…
@rono and @Charles, hard to be optimistic when the unemployment number continues to climb daily. In this consumer-dominated economy, where is the growth that may lead to recovery or there is another leg down? I am leaning the latter than the forme…
He got very bearish and exited all his airline holdings quickly. He still holding $billions in cash and that could imply there are few attractive opportunities.
People are hopeful that the market will recover but I don't think it's found the bottom yet.
I concur. Even Fed chairman Powell stated a W shape recovery is likely. Think there will be rises and falls along the way before viable vaccines are avail…
We are in uncharted territory now with online learning. i understand Purdue University is planning to open in the fall term 2020. Hopefully the infection situation will be under control with the practice of social distancing and testing will be wide…
Thank you for the link. Have to read more.
For example a portfolio of 100% PRWCX would have a "Safe Withdrawal Rate" of 10% and a "Safe Perpetual Withdrawal Rate" of 5.6%. The rule of thumb for a Safe Perpetual Withdrawal Rate is 4% according to t…
