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I asked my advisor at Fidelity whether it is possible to make MRFOX available at Fidelity.
FWIW, I also submitted another request to add at FIDO just now.
Bears get worn down when the market moves up so smoothly and consistently.
From Nov-2023 to March-2024, the typical equities index chart is pretty much a straight line from "bottom left to upper right". Not exactly parabolic, but impressive.
W…
@yogibearbull,
From my following and researching CGBL....The only reason I have not invested in it is because of potential high distributions from its fixed income sleeve (bonds with market discounts) if I were to put it in a taxable account.
If …
I was looking for a balanced ETF for my taxable account and chose CGBL. It's surprising that there are not too many choices. CGBL has filled that bucket nicely for me.
Bought the min of QDSNX, a high ER fund of funds that went up on a day when equities got hit hard.
Purchased for purposes of "diversification" and because I w…
The march upwards has been so consistent since November that one would think the markets can move only in 1 direction. Tech has dominated and market breadth has been lacking.
Bears now hibernate. Those waiting for a pullback have been left in …
From Elm Wealth link that @Devo provided:
"If the BOXX ETF grows so large and attracts so much attention that it precipitates a change in the rules governing ETF taxation, the result would be a tremendous and lamentable decrease in investor welfa…
I guess if you can remember dot matrix printers, you are considered old. And LOTUS 1-2-3. Fortran & Basic. Commodore 64s and Sinclair computers.
Amazingly, Mutual funds predate all that good stuff. The first open-end MF with redeemable sh…
This is what sticks in the back of my mind, but I try my best to ignore it: "The S&P 500 PE Ratio is in the upper 15% of valuations for the past 80 years."
I love old fax machine stories. Did you have to call their fax from your fax and coordinate placing the phones into the cups at the same time?
I am not familiar with that "cup" process. Or maybe you are joking. But I had to dial in a specific co…
I was a Mutual Fund accountant many, many moons ago. Worked for a few different firms. They would price all securities using a feed just after the stock market's daily close (4PM ET). For any equities that moved > 5% from prior day close, you …
Back in the late 1990s, most Internet stocks had no earnings and no viable plan on how to turn a profit. So it was really a unique situation where valuations didn't seem to matter. Traders just bid up any old garbage with ".com" attached to the nam…
MRFOX is getting noticed in another MFO thread. Fund Mgrs are willing to move to cash, and have shown good timing/judgement in the past. Limited brokerage availability.
@Baseball_Fan @JD_co Inimitable fund.
@Dennis Baran Well, forced me to learn a new word today.
It must be unique to have stayed slightly above the fray in both 2018 and 2022. "Concentrated" as per the Fund name, with only 16 -24 equity holdin…
Boo Jerome. Booooo. Bad Fed Chairman. Bad. The stock market wants its (interest) rate cuts...and the market wants them NOW!
I started PSFF and ACIO positions, added to TCAF, HELO and CGBL (all in taxable accts).
Mr. Powell will cave this year…
There's no shortage of conservative funds that claim they can smooth the ride. Choose your poison. Many of us like to play around for fun.
Here are some "diversifiers" from my watchlist, some of which I would buy, and some I would not.
…
Quote - On the essence of value investing:
In their fiscal year 2000 Annual Letter to Shareholders, Leucadia National Corporation’s former chairman, Ian Cumming, and former president, Joseph Steinberg, spoke to this dynamic, likening themselves to …
If you want to be exempt from Federal income taxes, Muni's are an option (generally exempt).
U.S. Treasury bonds interest is typically taxable at the federal level - only exempt from state and local income taxes, as mentioned prior.
Building up CGBL, a "balanced" ETF for my taxable account. If anybody has a better suggestion for a Balanced product in a taxable acct, love to hear it.
Pairing it with HELO for it's wonderful hedging ("laddered option overlay") to supposedly lim…
https://www.troweprice.com/personal-investing/tools/fund-research/PRCFX#content-performance
These were the very initial allocations for PRCFX when Total Assets were only $25M:
Holdings at Nov 30, 2023:
Domestic Bonds 51%
Domestic Stocks 40%
…
When I owned it, REMIX lost -5% one day back in Nov-2021. I assumed it had "gone ex" and that maybe there was a Distribution of some kind.
I assumed wrong.
Sold it shortly thereafter.
"Average family premiums for health insurance, based on the Kaiser Family Foundation’s 2023 Employer Health Benefits Survey, over a 39-year period (ages 26-65) came to $934,752."
The US healthcare system is broken. And it ain't getting fixed anyti…
Any suggestions as to which mutual funds one should buy in order to reach that top 1% level?
The 1% don't buy mutual funds (in taxable accounts) because rich people do not pay taxes. Only the 99% pay those.
https://awealthofcommonsense.com/2023/11/my-sacreligious-personal-finance-beliefs/
"The Wall Street Journal recently shared research on how much money people need to make to be happy:
In the survey, most people said it would take a pretty signific…
The average person would need a salary of about $284,164 every year to be happy, according to the survey, but the results did vary by generation.
That would be nice for average household. Realistically how many families meet that income level?
A…
Feeling bearish after hearing that "Cramer broadly agrees with Bank of America’s bullish analysis, says next year could bring gains for the S&P 500".
Will only add to CBLDX for now. Equities have already rebounded nicely.
There are signs that the continued "strong consumer spending" phenomenon is starting to wilt, at least on the lower end of the economic spectrum. Walmart and a few other retailers have taken notice.
Early signs that inflation is catching up to p…
Fido has 5 year "call protected" CDs for as high as 5.05% (issued by Wells Fargo and Morgan Stanley). Those are worthy of consideration. I ignore all the callable CDs for reasons you mention.
Regarding PDI, PDO, PAXS.... these ETFs have estimated Div Income yields of approx. 13% to 17%. Very nice. Now if the stock market tanks, I would assume these bond funds also tank hard as well (highly volatile, leveraged and hold allocation to no…