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.
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…
several comments:
1) I believe and can prove it that in most cases you want to own stock funds + bond funds because bond funds is where you find managers who can add performance + better risk attributes.
2) Stocks are simpler, you must own US LC an…
In 12/31/2010 GMO 7 year forecasted US large cap would make 0.4% + 2.5% inflation = 2.9%. The SPY made over 14% annually (link).
Bogle was wrong about the SPY too and Arnott was very wrong and why PAUIX lagged badly.
Many experts were wrong in the…
stillers "Pretty sure that following a poster from one internet board to another, primarily to harass or criticize, on CHRISTMAS DAY no less, elevates ones already despicable status of "troll" all the way to "TROLL.""
I'm active on MFO since 2017 a…
dtconroe: I have held BTMIX for all of 2019, and it had a good year, but it averages below 3% total return over its history. I have generally wanted funds in my taxable account, with an average total return history of over 3%. Both BTMIX and DBLSX c…
Unless you own higher % in stocks I don't see the reason to own very low SD bond funds. The following is a simple example based on several funds mentioned in this thread.
Looking at short-term duration Muni funds NVHAX,BTMIX,VMPAX,ORSTX. For 3 yea…
The following 2 great funds SEMMX+DHEIX invest mainly in securitized bonds (just like FPFIX) + ST duration + have better performance + better risk attributes. See this (link) results since the inception of FPFIX
By far PRWCX which ranks for performance at M* for 1-3-5-10-15 years at 1-3% top funds.
Instead of POAGX you can own QQQ which made more money + better risk attributes. See (link).
If you open and read this, there is an image of the guy that wrote this blog and he looks like he may have been about 15 years old when REITS crashed in 2007-2009, so I don't think he understands the pain REIT investors felt at that time. I don't kn…
The author of the link=https://www.barrons.com/articles/bond-funds-yields-treasurys-pimco-junk-duration-51573230142?refsec=bonds
Is comparing PIMIX=Multisector fund to Investment Grade funds which is not correct.
MS funds (IOFIX,JMSIX) + HY (ARTFX) …
PIMIX lost its mojo since early 2018. In 2019 PIMIX managers continue to make fatal mistakes which put its performance in the bottom 10% for YTD until several weeks ago. The managers finally got it right (about rising rates) but it still ranks in …
My usual comment.
For most investors, buy and hold a simple target fund is one of the best. I believe you can do worse.
For above-average knowledge investors, there are several other good options.
I see stocks as a simpler portion of one's portfo…
SEMPX was a big part of my portfolio in 2018 but none in 2019. YTD at 3.8% is not good when many made a lot more. Look at direct securitized rivals such as IOFIX,EIXIX and VCFAX. I know SEMPX has low duration and very low SD. SEMPX is pretty goo…
HSGFX is a terrible fund. I always start with best performers and then look for great risk attribute(SD,max draw,Sharpe,Sortino).
That lead me to SGIIX,FAIRX,OAKBX) 2000-2008.
In the last several years I have uses 1) USMV instead of the SP500 2) PR…
Schwab index funds are cheaper than VG.
Managed funds:
It's so easy to find better funds than VG+D&C.
PRWCX is better than DODBX and most/all other allocation funds.
PIMIX isn't as good in the last 1-2 years but beat DODIX by a lot for 5-10 year…
POGRX lags QQQ for years now(http://quotes.morningstar.com/chart/fund/chart?t=pogrx&region=usa&culture=en_US&dataParams={"zoomKey":9,"version":"US","showNav":true,"defaultShowName":"name","mainSettingId":"main","navSettingId"…
The article has solutions(see below) which I don't think are good ones:
1) When a fund lags, you can't predict it will do well in the next 5-10, it can be an underperformer for years to come.
2) Financial adviser? I can write 3 pages of why not
3) W…
I don't pay attention to MM or CD and all my cash sub is usually in HY munis. In 2018-9 I have used OPTAX and ORNAX. Sure, I know the risk and volatility and still invest in HY Munis. I invested usually at 99+% in stocks+bond OEFs and none are cas…
I cut back on IOFIX because as mentioned before I am really spooked with what is going on with the yield curve and longer dated Treasuries. Albeit continued strength in the economy as evidenced by a widening yield curve should be a positive for I…
You are correct, PV has 2 choices monthly or yearly performance. This means the -0.87 is per one whole month.
I looked carefully (I hope) and that day last Nov was the worse one day decline in 3 years, I found several more days with -0.6 to -0.8%
I also like to buy new hot funds and I don't care about the ER that much. I bought EIXIX earlier this year but sold after a few months when performance was going nowhere. I have talked with the manager and one of their directors and EIXIX invests m…
I never invested based on news and never will. The lib media is making a lot of noise about recession just like they did before about Russia and collusion. The economy is doing fine, we have one of the lowest unemployment ever.
I use tech analysis…
I have owned IOFIX twice for several months. IOFIX is the only fund in my watch list with much higher volatility than the category every several months with no apparent reason which scars me.
See YTD chart of IOFIX+JMSIX. Look at 02/2019 where IOF…
PIMIX easily beat the index BND. Of course, PIMIX is a flexible Multisector fund and BND is a high rated bond index but it did. I hardly ever use an index fund which is a plane without a pilot. I like my fund/managers to have the ability to make …
I posted the following on M* several weeks ago but it's still current...First, managers invest in global bonds then, they look at 11 US stock sectors and select 5 undervalued sectors, then take 4 sectors out of 5 with the best momentum. They don't i…
I don't see any reason to own this fund. YTD over 8% is impressive but I would not buy a bond fund that made over 5% in one day (that was at the end of 01/2019). This is a red flag. If I want to Multi sector funds see the following
Suppose I wante…
Buffett lost his edge years ago. In the last 10-15 years, information is quick and available globally so it's much harder to find hidden nuggets. Buffett can still make better deals than most such as: influence management from within, make deals wh…
Where to start?
Catch 22: When you don't know much, you have no idea if your broker (or even your financial adviser) is good, when you get better you don't need an adviser.
Brokers are not Fiduciaries. I would not use a FA(financial adviser) Fiduci…
Where is the money? taxable or IRA or in Rollover IRA and you need RMD?
In IRA, reinvest the dist
In taxable,
1) most investors dist are small than what they need to live on, in this case, let your dist go into cash
2) If your dist > than what y…
