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.
@Old_Joe - Vanguard had the same initial message, but there was a line further down (in smaller print) where I could re-enter the cusip and the bond came up. Don’t know if Schwab has something similar.
Three agency bonds were called and with those funds placed orders for 2 Fed Farm Cr Bk agency bonds (2-yr with 1-yr call protected), and funds APDPX and NRDCX. So I’ve distributed fixed income investments to both US and non-US debt.
@stayCalm - first off I need to say that the possibility of investing in an alternative fund to bonds with such a low correlation to equity was very appealing and I was all set to invest. But as I looked more closely, I realized I had no idea what t…
@Bobpa - When I look at the risk/return strategy of our investments, I think about how much I can stand to lose as a *sleep well at night* indicator. Using 2022 as a proxy for potential bond fund loss, I noticed that of those funds you listed, most…
That’s just it. I ran the numbers on PV with 60 and 70% FPAG and mmkt or short term bonds and FPACX came out on top - sd, total return, drawdown. So unless I totally screwed the data entry, FPACX, even with the higher er came out ahead.
Before retiring I was very much an equity fund indexer, so stepping out into FPACX was out of my comfort zone, but appreciated their careful approach. Keeping the large pile of cash while the equity market appears so highly valued, just makes sense…
Thanks for the link @Sven - The SA article was helpful, but from the PV results I got, I don’t think separating into the parts will equal the whole of FPACX.
@larryB - thanks for your suggestions. Ran the numbers on PV and surprised to find FPACX outperformed on sd, drawdown, and total return (?) Seeking Alpha was interesting. Secret sauce? I dunno.
Interesting disconnect - companies have lowest cash reserves suggesting they’re fully invested but say the stock market is overvalued, while investor sentiment is bearish (see recent investor sentiment survey), and, then, of course there’s the polit…
Hi @Derf - I wanted to stay short-term and t-bills and notes have dropped below 4%. I think we could do better with agencies in DHEIX, plus corporates in NEAR, and adding to a low sd multi-sector in CBLDX. So I’ve added some risk, though still have…
Added to TIERX in 403-b; NRDCX, DHEIX, and RCTIX in IRAS. Been adding to our small allocation in international equity (TIERX) and international bonds (NRDCX) and like the stability of RCTIX and DHEIX, both of which have a focus on securitized assets…
Since as a fund, BlackRock iShares iBonds ETFs (and other target date bond etfs) can be sold by investors at any time, wouldn’t that be a drag on returns?
Until I retired I would never look twice at a fund outside of Vanguard especially with an er over .30%. But then I found that a bond fund charging upwards of 1+%, and continues to exhibit a comparatively low SD, with an acceptable spread over a bond…
I’m finding that active HY and Multi-sector funds that focus on total return and return of investment (vs return on investment - e.g. see David Sherman) are more stable than funds tracking a HY index:
RCTIX: max dd 2022 = -4.02
RSIIX: max dd 2022 =…
@Mitchelg -
Here’s the independentvanguard advisor Jeff Demaso: “While technically a distinct vehicle from the Multi-Sector Income mutual fund, the new ETF is effectively a clone. It’s run by the same trio—Michael Chang, Arvid Narayanan and Danial …
@Hank - Thanks for your Audible list. I have a subscription to as well, with a number of *banked* audible books. Were there any where the narrator added or subtracted from the content in a significant way?
You’re singing a familiar tune. Living in New York City and parking our car on the street during the winter usually required digging out after being plowed in after snow storms. No more. Happy to pay a young’n for it.
In the last 2-weeks I’ve reallocated the following:
In IRA(s): sold small amounts of VIG/VDADX and VTSAX; added to CGDV and transferred the rest into NEAR, DHEIX, and Mmkt. Have been saving cash for potential individual treasury notes or a market …
