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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 always a catch, i.e. no free lunch for sure. Henry Ellenbogen was successful managing TRP New Horizons fund and received majority of the credit. Often star managers leave and form their own firms and they don't perform nearly as well. Th…
I understand that Ajit Jain and Greg Abel have been managing part of the portfolio in BRK for last several year. Most likely one of them will assume Buffett's position.
https://observer.com/2019/02/warren-buffett-berkshire-hathaway-succession-plan-…
Nevertheless he received a reduced sentence. Question is why does he wants to cheat when he so generous in donations to universities.
https://marketwatch.com/story/ex-pimco-ceo-gets-shorter-sentence-in-college-admission-scandal-because-of-his-phi…
Even at a 4% mortgage rate, it is higher than most bond yield except to the more risky and long duration bonds -EM local currency... Think of it as a loan guarantees as @davidrmoran stated.
Thanks for the update. News on coronavirus's direct impact is come in. Depending on the duration of shutdown of factories, it may be okay for the year if it can be contained. Here is an article on Apple.
https://seekingalpha.com/article/4322515…
For most folks who income is fall between $78,751 to $488,850 and filed jointly, LT cap gain is taxed at 15%. Article above provides more details depending on your tax bracket.
@hank, Sorry that you have to go through that with Turbo Tax. Supposedly downloading the previous transactions from TRP would save you time in reporting each transactions and their cost basis. I have fewer ones than you do so I enter them manuall…
@hank, Sorry to hear you have so much trouble with Turbo Tax. I have been using Turbo Tax for a number of year on Mac and PC with any delay (refund). Most of the time I owe a bit of tax and that is okay. No free loan to Uncle Sam.
Question, …
For me as an investor, when the S&P 500 went down 1.8% Friday, my accounts went down about 0.2%. Each month, I look at what is working and what is not, and make small changes.
That is the way to assess one's portfolio allocation. Can't image re…
The Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) might be even a hair more weighted to China. It's off 2.25% today and also about 5% for the year.
Think this is far from over.
These folks have to work part time in their retirement to supplement their SS. Many of them had their pension reduced when their former employers restructured their payout. Even when define contribution plan became available many did not save enou…
While some experts believe the new strain, known as “2019-nCoV”, is not as deadly as SARS, alarm has grown over its rapid spread and many unknown attributes.
“There have been more cases in China, but so far with a lower death rate than the SARS out…
Quote from the article below
At the height of the SARS epidemic, the U.S. stock market went into a corrective period. In November 2002, the S&P 500 was trading at 941.8. By March 2003, the S&P 500 nosedived to 788.9 for a drop of 16.2%.
It’…
@sma3, Same source as SARS, a Chinese "market" selling wild animals for human consumption. There are more toxic Chinese products than just their bad loans and huge debt .
Just shocking to see pictures of wild animials for consumption ! Thought bush …
There were sizable economic impact due to the outbreak of SARS in 2003. Quote from the article below:
It was estimated that Asian states lost USD 12–18 billion as the SARS crisis depressed travel, tourism, and retail sales [13]. SARS had a large im…
So far China reported 41 dead along with over 100 being treated. Serious lock-down in train stations and some airports are taken place in an attempt to contain the spread of coronavirus. This virus appears to be transmitted by physical contact and…
Do we want another round of tax cut? Where is the party that shout fiscal responsibility? Who really benefitted from the 2019 tax cut? I representing the middle class certainly did not. Further, we already reached over $996 billions budget defic…
Absolutely, one of the very best in the news business. May he rests in peace. Gwen Ifill passed away back in 2016. Judy Woodruff is another great reporter.
@catch22, good chart to illustrate the point. In the last 10 years or more, the US large cap growth stocks have dominated the market over the value stocks. When will that switch the lead, no one really know until the report earnings start to rever…
I buy a copy of Turbo Tax Deluxe that costs $50. Another $15 more for the Premiere version if your investment is more complicated.
Even if the filing is FREE, I really don't think it is prudent to put all personal information (social security # …
Kitces also pointed out that ...
once the 5-year rule has been satisfied once for a taxpayer (i.e., if you’ve already had a Roth for at least 5 tax years), it’s been satisfied for good; in turn, this means that recent contributions may actually be e…
If you are willing to take on a slight interest rate risk, you can consider Vanguard Short-term treasury index, VSBSX.
https://investor.vanguard.com/mutual-funds/profile/VSBSX
Duration is 1.9 years, SEC yield 1.56% and ER 0.07%.
Certainly ther…
Nice writeup from Lewis. In 2008 all my Dodge & Cox funds did not fare well - DODFX (-46.7%) and DODGX (-43.3%). With patience they all recovered in next few years and gained more ever since. DODIX was added recently, thus it may have more ove…
Also interesting that the S&P 500 earning has increased in recent years. Do it justify of having higher Shiller P/E?
https://www.multpl.com/s-p-500-earnings
Note that the S&P 500 earning is on the upward trend prior to 2008's crisis, then …
Reading these docs is like reading tea leaves. They can mean whatever you want to read into them.
That is for sure - too much materials to digest easily. Your explanation makes sense for this fund with an one-year duration and yet manages to yield…
To continue the fund description that Lipper quoted from T. Rowe Price:
The fund also uses interest rate futures, interest rate and credit default swaps, and forward currency exchange contracts, primarily to manage interest rate exposure and limit t…
