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.
Every week I can find articles about doom and gloom, eventually, the market will go down at one point. Hussman (link) made a career of scaring investors for many years. he looked great in 2008 but in the last 10 years his funds' performance is ter…
@catch, you think the article is good. I think it's average. I have read so many generic articles with generic ideas. I like to discuss specifics and help people with uniques problems because most have unique situations. I made comments about eac…
None of the rules will make you wealthy. The best way for an average person it to start saving earlier and keep saving monthly thru 401K(or similar) for years. The more you save the better you will be. Basically, if you start early to meet your e…
As a generic rule, I would invest in MBS before I would invest in HY. MBS/Securitized is where great managers have great risk/reward + you get higher distributions which is what many retirees want/need. The following funds have a high % in Securiti…
Why would I buy SHV when MM pays the same?
Because the Fed is expanding its balance sheet stocks and bonds are doing great..
In the last 3 months (link) SHV made 0.4% but PIMIX made 2.7% and NHMAX(HY Muni) made 3% and SPY made over 10%
I put more emphasis on the last 3 years. When I compare RPHIX,ZEOIX,SEMMX,DHEIX(link)
RPHIX has inferior numbers to the other 3.
DHEIX is the only one with 80+% in investment-grade rating. I can't buy DHEIX at Schwab but I can buy DHEAX with no f…
See numbers from PortVis(link) of PIMIX,JGIAX,JMUTX,PUCZX
1) PIMIX + JMUTX have similar volatility=SD but JMUTX performance is better and why JMUTX Sharpe+Sortino is better.
2) JGIAX + JMUTX have similar performance but JMUTX volatility is better an…
I have accounts at Fidelity and Schwab and transferred in-kind mutual funds several times in the past between the two. It's usually available in 3 business days.
I left Vanguard more than 20 years ago because I entered a trade to sell an index fund …
Can someone explain why High Yield / Floating are kinda being lumped together above. I'm reading high yield not good place to be but what about floating rate?
Asking because have some of my MIL's money in PRFRX and I viewed it as conservative inves…
Comparing VFINX to DODFX was an error, it should be VFINX vs DODGX. The link and numbers are based on DODGX. SP500 beat DODGX.
I also agree that low fees are important and if I have to select funds for the next 20 years I would only select index f…
SD=volatility is just the first thing I look for. I pay a lot of attention to Sharpe, Sortino, Max Draw and more.
Let's look again at D&B compared to "my" funds.
I already proved that A 5 years analysis(link) shows that DODFX has over 40% more…
DODFX vs HFQTX depends on whether you're investing in a tax-sheltered account (where you're losing the benefit of the foreign tax credit) or in a taxable account.
In a taxable account, one pays a cost for the Janus fund's frenetic trading (142% tur…
D&C is a good shop but I never used their funds because I found better choices. They also take an extra risk and when markets don't do well they lose more.
DODLX vs PFORX (chart)
DODBX vs PRWCX (chart)
DODGX vs VFINX (chart)
DODFX vs HFQTX (cha…
@dtconroe
Regarding Tax Cost Ratio (TCR), I don't recall what tax rate / bracket M* uses to calculate the value. The definition M* provides is silent on the topic. For munis, with a TCR of 0% the issue is moot. Perhaps I don't understand TCR full…
@dtconroe
Regarding Tax Cost Ratio (TCR), I don't recall what tax rate / bracket M* uses to calculate the value. The definition M* provides is silent on the topic. For munis, with a TCR of 0% the issue is moot. Perhaps I don't understand TCR full…
The following is a comment I made many times before in several forums. PE, PE10, inverted yield curve other experts such as Bogle, Arnott (PAUIX) and GMO can be off by months and years. Regression to the mean can be off by years.
Mid month analysis shows that bonds are doing pretty well for YTD (year to date).
IT bonds like BND + many Multisector (PIMIX,IOFIX,PUCZX) are up 0.6%
HY are a bit lower at 0.4-0.5%.
PIGIX (Corp) already at 0.9%
But the crown goes to HY Munis. ORNA…
NHMAX+ORNAX had a great run in 2019. LT bonds isn't a category I usually use because of higher volatility. My goal is to stay within lower volatility funds but still make a good return. HY Munis also have tax-advantaged over LT bond.
Lastly, if yo…
NHMAX+ORNAX had a great run in 2019. LT bonds isn't a category I usually use because of higher volatility. My goal is to stay within lower volatility funds but still make a good return. HY Munis also have tax-advantaged over LT bond.
Lastly, if yo…
The above 4 periods do not give a typical investor an insight on what to do.
I see only 2 distinctive periods where you want to trade (or make adjustments) if you care and know how to do that.
As a trader, I follow trends closely but I also notic…
FWIW, Schwab lists PONAX with a net exp ratio of 1.45% It also shows it has a 12b-1 expense of .25%. So I have know idea what you would end up paying. But, I haven't owned it for a few years so don't care.
PONAX exp ratio is 1.45%. This includes 12…
The expense ratio for PONAX is 1.45%.
Sebi, in its board meeting on September 18, 2018, anounced changes in the total expense ratio (TER) of mutual funds. It made the changes to bring in transparency in appropriation of expenses, and reducing mis-s…
If that's your only 2 options I would buy PONAX because it's more of a ballast fund than BHYAX. I would start making adjustments to your asset allocation gradually 5-7 years before retirement.
As so many have rightly said - everyone's circumstances are different.
Is it really true that everyone's circumstances are different? can it be that 2 investors with similar situations invest completely differently and both be correct?
Examples:
…
The usual suspect. These articles are published for investors to read with minimal ideas.
Let's take an example of just one sentence "We've had a nice reversal in Q4 where it's risk back on again," said Peter Palfrey, vice president and co-manager …
Mark "Not a fan of Mutual funds, no out performance"
FD I'm a huge fan of Mutual funds. Buying stocks can be rewarding or spinning your wheels. Over the years my stock funds had better risk/reward than the market and my bond funds beat the index…
The title says 7 best. What makes them the "best"? The article does not define that.
+1
I would look at flexible bond funds where managers can add performance + possibly better risk attributes.
Over the years I have been using a high % in one of the following funds NHMAX ORNAX OPTAX PHMIX by using momentum.
My HY Munis fund opened the year with a bang (already 0.7+% in just a week). All my taxable is invested in that fund. Time for me to …
IOFIX duration=3
What Is Duration?
Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates. A bond's duration is easily confused with its term or time to maturity because they are both…
One more comment about PIMIX.
I looked at PIMIX for 4 years from 05/2009 to 05/2013. See (link). I started after 06/2009, after the crash so you can't say it influence the number.
The performance was 17.89% per year and SD higher than 4. These wer…
There is a new article by Charles on IOFIX (link)
In the past, I invested in IOFIX on and off and was a bit skeptical but I came around.
Some call IOFIX a niche fund and it is but let's not forget that PIMIX best years were in the same niche. PIMIX …
Can I Retire Securely by Saving Only in an IRA?
Absolutely, if you are married and each one of you saved $500 per month and the return is 8% annually in 30 years you will have 1.4+ million.
Then, you just eat rice, beans and ramen noodles for the re…
You can buy IOFIX(and most other fee-based funds) at Fidelity using the feature automatic investment and pay only $5.
To get to that feature do the following
1) Under the drop-down accounts and trade select Account Features
3) click Automatic Transf…
JGIAX=JMSIX which I included in my opening post. In the last 3 years. PUCZX had higher volatility but better performance. JMUTX has lower volatility than JMSIX but also lower performance.
Basically, you can select your risk/reward from PUCZX(highe…
