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Thanks @MikeM for pointing that out. Blood sugar is a little low this morning.
Yep ... getting a little ahead of myself.
Anyway, now, you've got my picks to make the elight eight.
Here is the update for Old_Skeet's market barometer (which follows the S&P 500 Index) for the week ending March 22, 2019.
Being a retail investor this information is posted for information purposes only; and, it is not to be taken as investment…
Fifteen of my picks have made the sweet sixteen. My looser that failed to make the sweet sixteen was Kansas St. My picks to make the elight eight are Duke, Michigan St, Gonzaga, Michigan, Virginia, Purdue, North Car and Kentucky.
@Mark: In response to your question: Why so many? Being retired these are not small sums being held. I have an investment policy that limits how much I'll invest in anyone fund. Also, if there is a rush to cash out some money market funds could …
Just a thought. My thinking is that if you want to take some risk out of your portfolio just hold more cash. In my money market mutual funds I am getting better than a 2% yield. Below is a link for a list of the top yielding money market funds. …
Here is an update for Old_Skeet's market barometer (which follows the S&P 500 Index) for the week ending March 15th.
Being a retail investor this information is posted for information purposes only; and, it is not to be taken as investment advi…
@MikeW: Pursuant to your request the barometric number you seek is 146 for market close March 8th. On the barometric scale this is borderline between overvalued and fair value. There has been strong money flowing out of stocks (SPY) and into bonds…
@MikeW and others: An update March 7th 7:50 am EST. In my review of Old_Skeet's market barometer money flow feeds there has been strong money flow, over the past few days, from stocks (SPY) and into bonds (IEF). Seems the fast money crowd is on th…
I'm thinking there is more to this than meets the eye. Most cars are sold through dealers and or factory branches. With no sales force (or dealerships) this lowers the value of used Tesla's for both trade in and resale. I'm thinking something is …
@Catch22: I'd like to join with the others and convey my concern about your absence form the board. I was thinking of you the other day. Catch ... if you read this know you are in my thoughts and prayers. Hope all is well. Old_Skeet
Hi @MikeM2: My two emerging market funds are both by American Funds. They are NEWFX which is held in the growth area of my portfolio and DWGAX which is held in the growth & income area. Combined, my emerging market exposure according to a rec…
If an investor only owns one fund (VMNVX) how does this diverisify fund manager and strategy risk even though the fund itself might be highly diverisfied globally within its equity holdings? Where's the bonds, etc?
My thinking is that while it mig…
Hi @STB65: For starters, I'd never put all my investment dollars in a single fund. With this in mind (and if it were me) I'd be looking around for at least eleven more funds to pair with this one. Think twelve because there are twelve months in a…
Hi @Ted & @hank: LOL, Hope you both have a great day. For me I'm planning on watching the NASCAR race this afternoon. And, yes I skipped going to church this morning. Skeet
Hi @hank: While my sleeve system seems complex to some ... it is really quite easy to manage. Besides, if I started selling off mutual funds to reduce their numbber I've have a really large tax bill form realized capital gains from the sell procee…
Hi @MikeM:
Thanks for making comment.
It all boils down to managing risk. The type of fund you reference was not around back in the 80's when I began to invest family money via the sleeve system. With this, I've kept my system in place. And, y…
My thinking is that if you can't manage what you have then you've got to many funds. Being a prior corporate credit manager for a regional distribution company I had to have a receivable system in place to manage a fairly large customer base. This…
Hi guys: As @hank noted ... Here is how Old_Skeet rolls and manages a consolidated portfolio of 49 funds. My thinking is that if you can't manage what you have then you've got to many funds. Being a prior corporate credit manager for a regional di…
@Ted: Thanks for posting. Frankin Income Fund is Old_Skeet's largest holding followed by Income Fund of America. I'm now 70+ years in age and have owned Franklin Income Fund since my teenage years. It's done me right!
I was able to navigate arou…
Hi @Derf:
Perhaps, @tmadell, Dr. Madell will address his asset allocations in an upcoming newsletter. I believe he wrote about this sometime ago ... but, I just can't remember when. I'm if you were to troll back through his newsletters you woul…
@hank: I pulled the model portfolio asset allocations from Dr. Madell's October 2018 newsletter. Here is the link to the October edition in case you would like to read more about the models. He goes into some detail including how much of each fun…
Hey folks this is a pretty good read. The six are as follows: 1) Trend Following 2) Momentum 3) Seasonality 4) Carry 5) Betting Against Beta and 6) Value.
@Starchild: It's me again. I pulled Dr. Madell's recommended funds form his recent newsletter. They are listed below for your review. It looks like VWIGX is his recommended international choice. You might wish to look at TBGVX as it is also on h…
@Starchild: I have provided a link to Dr. Tom Madel's mutual fund newsletter. You can review current and past newsletters once you open the link. I'm sure, being a new investor, there is a weath of information contained in these newsletter from a…
@Gary: That's kind'a like southern style green beans. Put, a slice of country ham in the pot with them and heat for about fifteen minutes. With this, a can of Delmonte cut green beens now becomes southern style. In addition, some add small red o…
@Starchild: FWIW.
Since, the S&P 500 Index now derives better than 40% of it's earnings outside the US I use mostly global funds to gain additional foreign exposure. Please know that it has not always been this way since I became an investor …
@MikeW: I've got just about all I want in emerging markets. So, I'm now prospecting.
Often times I reference Ron Rowland's Leadership Strategy which I have linked below for easy viewing.
http://investwithanedge.com/market-leadership-strategy
Not…
@JoJo26:
Thank you for making comment to my question.
Sorry my response was short of what you were looking for in my response to you. However, it is what it is.
Wishing you the very best with your investing endeavors.
Old_Skeet
@MikeW: The barometer follows the S&P 500 Index. Another means that I use to find value is to see how far below a fund is trading form it's 52 week high. Take my two emerging market funds. DWGAX is off its 52 week high by about 12% while NEW…
Hi @hank: Thank you for your inquiry about Old_Skeet's investment mythology.
Here is the defination of overbought. The term a stock is "overbought" when the stock reaches a point in trading where technical indicators suggest the next price move of…
@MikeW: As you requested. For the week ending 2/22/2019 Old_Skeet's market barometer finished the week with a reading of 133 indicating that the S&P 500 Index is extremely overbought based upon the metrics of the barometer. I'll be doing a mo…
@rfrono: The Brideway fund BRLIX is indeed a fine no load fund.
For me to hold it though I'd have to open a wrap fee based account. I'll call this the new school way. In talking with my broker sometime ago this could be done. The wrap fee was…
@Derf: Thanks for making comment. Yes, your are correct, there would be no dircect taxation for capital gains that took place inside my traditional ira account; but, these gains would be in my taxable in my account. This comment was directed towar…
