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.
@Bobpa. Not long ago you came to the board seeking thoughts on equity income funds. A number of MFO members responded to you including myself. You failed to thank us for out thoughts in response to what you had asked. With this ... I have no com…
Hi @Derf: Thanks for your question. My response is detailed below.
I have not thought much about the rule of thumb that you have referenced. For me, my reduction in equities has more to do with my concern about the rampant computerized trading mo…
Hi @hank:
In answer to your question about having some movement within my portfolio the answer is yes. I have some flexability (within ranges) built into my asset allocation to allow for asset valuation movement along with some for special positi…
Hi @hank: You bring up an interesting point about using allocation funds. I have three sleeves of hybrid funds. They are hybrid income ... domestic hybrid and global hybrid. By using a good number of hybrid funds this provides my portfolio the ab…
Hi @hank: Thanks for making comment. I use the market barometer more to govern my spiffs more so than to govern the portfolio as a whole. Recently, I reconfigured my portfolio to a new asset allocation model of 20% cash, 40% income and 40% equity.…
@MikeW: As you requested here are my thoughts along with a barometer report. As of market close today Old_Skeet's market barometer which follows the S&P 500 Index indicates that the Index ... based upon its metrics ... is in the overvalued ran…
@MikeW: Thank you for your question(s). Here is how I govern my buys.
I have a good number of positions within my portfolio that I consider to be under construction and which I'll add to these positions as money becomes available from income gener…
Hi @MikeW: I have two emerging market funds with the American Funds Group. One is their New World Fund (NEWFX) which I have owned for better than ten years. The other fund of theirs that I own is their Developing World Growth & Income Fund (DW…
Hi @MikeM: I am much like you in using cash alts such as money market mutual funds plus I have built a nice CD ladder within my investment cash sleeve. I have a 1.55% cd maturing in a couple weeks; and, I plan to roll most of it into another 18 mon…
@Bobpa: My portfolio was built over many years of investing. From an all equity income fund perspective I have two sleeves that are geared towards equity income genertion with these funds being found in the growth & income area of my portfolio.…
@tmadell: Dr. Madell, thank you for writting such a fine newsletter. I would encourge you to publish a newsletter model asset allocation (conserative, moderate and agressive) along with perhaps one for income generation with their anticipated retur…
Hi @johnN: I enjoyed reading this piece that you posted. From my perspective this was a throwback rally as the stock market had become extremely oversold. And, now that we have gained back about 50% to 60% of the downdraft in such a short period o…
Thanks @Ted for posting.
For what it is worth.
I have always found good value in reading Dr. Madell's Newsletter. I am sorry to learn that he is going to stop publishing his asset allocation models along with how much of each fund to hold (if I…
Perhaps, this money movement is driven in good part due to electronic trading systems with their repositioning of "hot" money. It will be interesting to see if fourth quarter corporate earnings and forward revenue projections can continue to suppor…
Hi @Puddenhead: Thanks for posting your thoughts. I enjoy reading what others are thinking and doing. Wishing you well with your investing endeavors. Old_Skeet
@slick, @Derf and @hank: Have no fear Old_Skeet still plans to maintain his 20% allocation to cash within his portfolio even though thus far this year cash has been a drag on my portfolio's performance as stocks rebounded from being extremely overso…
Old_Skeet's three best year-to-date fund performers through January 18, 2019 are MFS New Discovery Value Fund (NDVAX) +10.22% ... Pimco Commodities Strategy Plus Fund (PCLAX) +9.78% ... and, Principal Small/Mid Cap Dividend Fund (PMDAX) +9.39% which…
Hi @Derf and good morning. Thanks for your question.
I did put a little bit of cash to work recently opening first step positions in DWGAX, INUTX, PONAX and TEQIX since I have now reached my new asset allocation of 20% cash, 40% income and 40% equ…
Thought I'd share. Back in my days in elemetary school we had a daily show and tell. Now, retired we still have a daily show and tell among some of my old classmates. So, here is my "show and tell" for the board.
In viewing Morningstar's Market …
Here are Bank of America's top stock picks for each sector:
Communication services: Walt Disney Co. (ticker: DIS)
Consumer discretionary: General Motors Co. (GM)
Consumer staples: Molson Coors Brewing Co. (TAP)
Energy: Exxon Mobil Corp. (XOM)
Finan…
Hi @Derf & @Junkster: I think the high road was more productive. And, then there is Junkster as we can not discount what he as done with his ability to trade in and out of positions. One of the great things about investing is that there is no…
Nicely written article. One of the things that he did not mention that I usually have done in past market declines since I hold more cash than most folks do is to buy more of my best investment ideas. Most of the time stock market rebounds come fa…
Hello: For what it is worth. I've been looking at the table and did an analysis of the top three asset class leaders for the past 20 years, 10 years and 5 year lookback periods. For the twenty year lookback period real estate appeared 10 times, e…
@rforno: Thanks for stopping by and making comment about Morningstar's portfolio manager's glitches. I took the time and viewed the Personal Capital site that you referenced. For me, I don't think that it will provide the same information that I s…
According to a recent (year end) broker provided portfolio analysis Old_Skeet has a domestic/foreign asset allocation ratio of about 75% domestic and 25% foreign. The broker recommended foreign exposure for my risk tolerance ranges form a low of 15…
Hello @Junkster & @FD1000: Not seeking to get in the middle of this discussion. But, I did want to make note that Liz Ann Sonders (now with Charles Schwab) use to work for Marty Zweig. During a recent apperance on CNBC she made reference to th…
@davfor: In viewing Morningstar's market valuation graph this evening I found it reflected a reading of 0.89 which indicated that the market in general is trading 11% below fair value. Interestingly, Old_Skeet's market barometer reflects that the …
Hi @Puddnhead:
The reason for these additional new funds is that once a fund reaches a certain size within its sleeve this requires a new fund to be added to the sleeve. For this reason DWGAX, INUTX and TEQIX along with PONAX are all new additions…
Hi @Puddnhead: Thanks for posting your investment positioning thoughts. I'm currently focusing on emerging markets as I bought a little DWGAX ... fixed income as I bought a little PONAX ... the dividend payers as I bought a little INUTX ... and glo…
Nice find @hank. Thanks for posting. I have bookmarked it for future use as an RMD estimator relying on my brokerage house for the exact number. Generally, I take a little more than required just to be on the safe side. Just did my 2019 RMD on F…
@BennyB: Hello. I'm thinking you might be a realtive new poster on the board although I see that you have made a number of visits since joining in Feberuary. Your subject fund (VEIPX) fits one of my own investment themes and that is dividend incom…
@Ted: Thanks for posting the article. I was able to read by searching the title through Google.
A good number of the mutal funds that I have on my 2019 add/buy list fit the suggested article's income theme plays.
Old_Skeet
One of the things that I like about this type of thead is that it provides some insight on what others are thinking and doing. Since, I just arrived at my new asset allocation of 20/40/40 I,m not doing much except to bank cash distributions as my p…
December was a rough month for investors as many hedge funds liquidated market positions and closed. In addition, many leveraged investors reduced their leveraged market positions as interest rates rose. This put a great deal of selling pressure o…
