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In the IRA: Sold FMILX while it is still in the green. Prepared to sell more if needs be.
Now at ~46% cash.
In the taxable: Nothing shaking but the leaves on the trees.
@WABAC: I’m thinking as you do. Put 20% of equity index in 403b into MMF. It had been a good ride until the unfortunate change of drivers.
In the past I have been the type to just ride these things out. That was before the Keystone Cops' decided the…
CNBC: "When asked whether the decision to pause tariffs on many products from Canada and Mexico for one month was due to the stock market, Trump said the decision had “nothing to do with the market. I’m not even looking at the market...."
Anyone b…
I have been saying for months that all roads are paved to lead to tax cuts. For obvious reasons, the administration just can not spell it out like that. The media knows what the end game is but where is the value for them if they make it so easy. …
Well. Secretary Bessent had a lot to say today. One might almost get the impression that he would welcome a market collapse, and recession, as a way to lower interest rates and pass their agenda on deregulation and taxes. And in that context, the da…
Threw in my cards on FLTR and SCHO--about 15% of my IRA--and took a piddly loss for peace of mind. Decided I don't want indexes, and I don't want to think about NAV spreads on ETfunds. That leaves me 38% cash. Bonds are now represented by MNHAX, CBR…
I have been thinking about BIMIX, THOPX, and bumping up MNHYX, that can wait. Too much uncertainty for me with Luttnick gaslighting the market over tariffs. I don't mind sitting on cash still over 4%.
I don't know about rate cuts except that I am more convinced they will come with bad news. In the meantime, rates are falling, so I'll quote myself here:
From the IRA: Sold VRIG and replaced it with BUBIX. Sold USFR and replaced it with SCHO. When …
From the IRA: Sold VRIG and replaced it with BUBIX. Sold USFR and replaced it with SCHO. When the dust settles, I'll look at BIMIX, THOPX, and MNHYX. For the time being, bonds with a little duration seem to be doing better than the floaters.
For t…
Sold FFRHX from the IRA. Not feeling the need for it at the moment.
I'm now looking at adding THOPX and BIMIX, and bumping MANHX. That would increase my duration a little bit. My IRA duration is currently around ,74, per M*. Fido says .53, and the…
I haven't made any changes to the taxable lately because I don't see much I want at current prices. Whether I can be enticed to buy on a dip, or a swoon, will depend on what I observe at that time. Mr. Magic 8 Ball has been insistent that I "ask aga…
@ Junkster, flows into CBRDX have been modest since we discussed it a while back. So I think the secret is safe. Anything with a whiff of ESG is out of fashion anyway.
Actually, CBLDX has modestly out-performed CBRDX over the time period I have he…
"But there are tons of manufactured AAA tranches of securitized credit. Basically, an average rated portfolio can be sliced-and-diced in tranches of AAA, AA, A, BBB,...,equity tranche. Wall Street collects fees from this too, so they love securitize…
Free at MSN: https://www.msn.com/en-us/money/top-stocks/how-barron-s-best-fund-families-of-2024-beat-the-market/ar-AA1zSLLe
Actually, the article at the link only profiles the first five fund families.
I thought I'ld give this thread a bump since my latest moves were in bonds.
In the IRA: Yesterday I sold FLOT and PULS, bought FLTR to go with VRIG and USFR. That's enough float for now.
Remaining proceeds will likely go into THOPX and MNHYX. Th…
In the IRA: Yesterday I sold FLOT and PULS, bought FLTR to go with VRIG and USFR. That's enough float for now.
Remaining proceeds will likely go into THOPX and MNHYX. Thinking about selling FFRHX; bank loans have been in the doldrums. Waiting to s…
Party like it's 1999.
It's 0330 and I'm at the Marina Safeway listening to one stock clerk tell another, "Yeah, it's easy. If they start to go down you just sell."
Fund companies define quality inconsistently using different measures.
Obviously, this can be problematic.
Larry Swedroe references a paper which differentiates between academic
and industry definitions for quality investing.
https://www.etf.com/…
Some interesting comments here https://www.robeco.com/files/docm/docu-robeco-guide-to-factor-investing-global.pdf as I putter around looking at quality screens with MFO Premium
A key concern with generic quality strategies is that they use poor defi…
Thank you for posting those interesting reads.
After a quick review, I would hazard that the funds mentioned are not inexpensive.
It also seems to me that, at least, some of the factors mentioned are available in MFO Premium. So one could search f…
IIRC, all of the major rating agencies went along with the foolishness that lead into the Great Recession. That's the main reason I decided I didn't want to be in funds focused on securitized debt, i.e., CLO's.
I took a look at the Weiss home page.…
What's the difference between constructing your own "Fund of Funds" and being told by some MFOers that having too many funds is inefficient, wasteful, and self-defeating, as we've all heard here so many times over the years?
How many articles did I …
@larryB: ETF Research Center provides info on individual stock overlap in 2 ETFs at a time. Does not provide info on MFs.
https://www.etfrc.com/
I have found some interesting funds on that page using the comp tab.
In the IRA I own CBLDX, CBRDX, and MNHYX. I expect to be back in THOPX soon. I probably should have held on.
I was in a CLO for about a week before realizing I didn't like looking at all those asset names that looked like something cooked up for a …
m* member for ~2 decades. how does that get me FullerThaler quarterly fund letters and inv decks?
Sorry, only applies to UBVAX. I wasn't sure which one you were in. I could have been more specific.
If we can't find off-topic by now, well, bless our hearts, maybe we aren't interested in posting our thoughts on most of the things going on over there.
The vast majority of what passes for political discussion on the internet reminds me of my brot…
There's the real NAV (what a fund is actually worth at 4:01PM) and the perception of a fund's worth. For perhaps many hours or even days, that perception is distorted. What we perceive now is a reflection of what the NAV used to be then (stale data…
@msf's mention of the Plato/Socrates Allegory of the Cave in regard to reality versus illusion reminds me of reading Plato fifty years ago. Those of us who read that stuff will remember that what most of us call reality was regarded as illusion by P…
liked the process, but hated the fees and lack of transparency. (letters , decks, holdings are only for investors who then register)
JP pays to have all the holdings revealed at M*. You also get everything else that comes with the yearly fee.
Hmm. Kowtowing to the new political correctness? Or merely disappointed by their failure to gather sufficient investor simoleans?
For now, there is this from M*: on a fund they rate silver https://www.morningstar.com/etfs/xnas/blld/quote
A pox on all of you guys.
The proposition that the government economic statistics (presumed valid as far as what they are measuring) are not accurately reporting useful information as to what is going on in the real world of the real voter seems to…
There are definitely different ways to play shareholder yield. Cambria's funds put their thumbs on the value factor. Wisdom Tree's WTV puts its thumb on the quality factor. WTV has only been using the shareholder yield factor since 2017, as near as …
