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.
@Crash, I'm sorry for your difficulties, but I have to say that you seem to be the unluckiest person alive with all the difficulties you've had. I originally was with Thinkorswim; then to TDA; finally on to Schwab. All the transitions were smooth …
It's probably worth mentioning; poking fun at an individual and his (or her) actions is not the same as espousing any particular political stance. A person's purported politics should neither be cause for, nor constitute a pass for criticism of his…
Can we at least interest you in a $60 Bible?
I'm waiting for the "previously-breathed air" canisters. The symbolism of creating something up out of thin air and then selling it appeals to my sense of the absurd.
AndyJ has the right of it. I have always been a strong proponent of balanced funds, but they needed to be curtailed for exactly the reasons listed. Hard and fast 'rules' for investing are not an optimal approach for everyone.
It seems to me that turnover should be expected if a fund is actively managed. I think the question is: Do I want a passive fund or not? If not, is this fund a good candidate?
I tend to be active, but do hold some funds long term. For the ones I…
On the surface, it looks bullish for equity, but I wonder if a lot of that money is there in lieu of 'safe' bonds? We may get a run there or in moderate funds instead?
6.4% YTD. Was 50% equity for most of January; currently about 70% equity. Trying to strike while the iron is hot. 76, retired, expenses covered, investing for heirs.
Politics is simply depressing. The extremists are in control of both parties, and we can't get a decent candidate to vote for from either. Again this year, it looks as if I'm going to have to hold my nose and vote against one.
Anyone who thinks …
I know what factorials are in mathematics generally (physics major here); is it different for accounting? Meanwhile, us oldsters didn't need no calculators; we had sliderules!
For myself, and because I have a lot of assets in USFR as a 'safe bonds' component, I've replaced a lot of my PRWCX with its higher-octane sister TCAF. So, my core now consists of FBALX, PRWCX, and TCAF. I've fleshed out the remainder with SMH and…
But I am getting tired of people complaining about 6-7% mortgage rates. My first mortgage, in 1975, was 8.5%.
Heh, I remember being at 12%. Of course, the house did only cost $32,000!!
@Old_Joe, isn't that supposed to be "trekker"? Seems to me I heard that some time back. I recall everyone showing up at the college dorm tv on Friday night (I think) to watch the show before going out for the night. The only thing rivaling it was…
Depending on whether or not you have a state tax to also consider, USFR may not be a terrible choice. For myself, with the fund having minimal state tax implications, I'm able to avoid state taxes entirely. That said, it has operated like a high-y…
My fraternity is Mutants For Nukes. The logo is a Happy Face with one ear. Often, I'll put that somewhere on the check. Makes it distinct.
One of the founders must have been a reader of MAD MAGAZINE back in the day. That logo would have fit right …
I guess it would more accurate to say that the fund has avoided financials at least recently. Whether or not that was a temporary decision, I can't say with any conviction. My point was simply that this choice was a tailwind that one cannot count …
Someone pointed out to me that CALF, while certainly interesting, also was consciously avoiding financials. Depending on your view of that sector, that could be a factor to consider, @MikeW. That would have been a tailwind that might not be presen…
Mentioned earlier, AVUV seems to have a slightly better chart than DSMC, but Ben was concerned about the number of positions. I went with the former; for whatever that is worth.
I'm pretty sure that the eventual AI 'advisors' we'll soon be seeing will have neat little personalized nicknames; is that any more reassuring to you? ;-)
Well. ... DoorDash, eh? Even after the pandemic is behind us, people still insist on paying usurious fees to get victuals delivered. Are we just dumb, or lazy?
Yes.
Unfortunately (or maybe fortunately) you can have covid and not know it! I had to postpone a surgery after taking the routine admittance test and never developed any symptoms whatsoever. Not complaining, but talk about weird!
Look, being a salesman and promoting your product (yourself) is part of the job. Being forgotten is FAR worse than the possibility of getting something wrong. Just the way it is...
@racqueteer
To be clearer, and to support my statement, FPACX has done better 3y, 1y, and ytd.
Cumulative. I do not look at, care about, or judge by single years.
That's all. Don't own any of them currently, but wish I had for the last decade. …
“ FPACX has nontrivially outperformed PRWCX the last few years,”
Let’s be clear…. M* has PRWCX ahead by about 6% in 2020 and 3.5% in 2021. Behind by about 1.7% in 2022 and 1.6% this year. I’m not sure that supports your statement, but it certainl…
Agree, BaluBalu. Those who know me know that I've spent a lot of time looking at the Allocation-type funds over the years, and while traditional bonds have done them no favors with rates rising; we're already talking about reductions next year - m…
MikeM picked up on a possibility I overlooked; that you might not have any idea that TDA accounts were moved over to Schwab. As he noted, a call to them will facilitate your conversion (account numbers, login, etc). Be aware that if you're coming …
Agree, BaluBalu. Those who know me know that I've spent a lot of time looking at the Allocation-type funds over the years, and while traditional bonds have done them no favors with rates rising; we're already talking about reductions next year - ma…
The basic thing, in my mind, is that, at present, cash replaces traditional bonds for the purpose of 'balancing' equity risk. Eventually, you will likely see a return to said bonds for that purpose, but 5+% free of risk is a tough benchmark to exce…
This is why I don't personally like the standard return stats. I find rolling periods and charts much more informative. More times than I can count, I've seen comparative charts which imply one thing, only to find on closer inspection that the per…