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.
Hello, I received a recent email that I thought I'd comment on. Their inquiry centered around why the allocation of 20% cash, 40% fixed income and 40% stocks. Well, it really quite simple. For me being in retirement and having a large enough port…
Barometer Week Ending Reading: Under Value
For Friday November 23, 2018 Old_Skeet's market barometer which follows the S&P 500 Index closed the week with a reading of 157 which is up 4 points from last weeks close. With this, the barometer base…
Simply stated ... There are few places to hide as the markets reprice. For bonds this is because of the FOMC interest rate increase campaign and for stocks it is because corporate earnings and revenue growth are peaking or have peaked. Thus, this …
Hi @Catch22. I rather look at it in this fashion ... it is off its 52 week high by 2.24% while a S&P 500 Index fund that I follow is off its 52 week high by about 8.0%. It's doing what it is suppose to. You can read more about this fund by Go…
Yes indeed. I have a fund CTFAX (Columbia Thermostat Fund) that buys the dips and sell the rips. I hold this fund within my fixed income sleeve as it is most of the time about 90% bonds. In stock market declines it loads equities and as they reco…
Hi @Ted: No problem ... glad I could provide cover as you have done for me in the past catching some of my misfires. And, I'm probally not too far behind you age wise. Wishing you and your family a most happy Thanksgiving. Cordially, Old_Skeet
Here is the Weekly Market Recap for November 18th. Thinking Ted had a misfire this morning.
https://www.stocktrader.com/2018/11/19/weekly-market-recap-nov-18-2018/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+Stocktradi…
This is a pretty good read for those looking for income. The way I read the article was to cut and past the title into Google search ... loan ... and, then read.
Barometer Week Ending Reading: Fair Value
For Friday November 16, 2018 Old_Skeet's market barometer which follows the S&P 500 Index closed the week with a reading of 153 which is down 1 point from last weeks close. With this, the barometer base…
Members: A gallon of gas is selling for $2.45 near my home in Charlotte, NC and $2.24 near my coastal home in Murrells Inlet, SC. This is due in part that the state gas tax is higher in NC than SC along with gas in the big cities trends to sell for…
Hello @johnN, Old_Skeet has added to a couple of his bond funds when the US 10 Yr reached a yield of 3% and then again at about 3.2%. I have planned another buy at the 3.4% to 3.5% range.
@ MikeM: I am not taking issue with your statement ... but, I wonder why the FOMC chairman is a member of the Plunge Protection Team?
Plunge Protection Team link ... https://www.investopedia.com/terms/p/plunge-protection-team.asp
Hi @Old_Joe ... I'm thinking Ted and his family farm and its crew made money. Sure they lost some profit over what they had been making. With most things some years are simply better than others. You might find interest in the below link as it co…
What a difference one day can make! Yesterday, Old_Skeet's market barometer gained 5 points and moved upward to a reading of 159 from Friday's close of 154.. This puts the Index in undervalue territory on the barometer's scale based upon its metri…
I use to own bonds but after many got called away before maturity I was faced with buying another bond to replace it so I moved into bond funds. There are many bond deals done that the average retail investor does not have access to that big money …
Thanks @Ted for posting the article. I found it to be of good interest.
I'm thinking Mr. Tabes is correct in his thinking about most of the damage has already been done with respect to rising interest rate damange to bond prices. And, since stock…
Barometer Week Ending Reading: Fair Value
For Friday November 9, 2018 Old_Skeet's market barometer which follows the S&P 500 Index closed the week with a reading of 154 which is down 10 points from last weeks close. With this, the barometer bas…
Hi @ET91: I've been thinking of adding a touch of American Funds Developing World Growth & Income Fund (DWGAX) and pair it with their New World Fund (NEWFX) ... but, for now, I'm holding off for reasons stated above by @DavidV. I'm just not hea…
I'm pretty much like @BenWP on this when it comes to cash and letting my fund managers handle stocks and bonds for me. In addition, I'll tweak my asset allocation and get more conserative with stock valuations being high by raising my allocation to…
@Ted: Thanks much for all the post you have made here at MFO and FundAlarm. I found a good number of them to be very beneficial. Even though you are going to retire from being active in the markets I hope you will continue to post. Wishing you th…
Folks, from my perspective, as the FOMC continues its march with its rate increase program I'm thinking this will present greater headwinds for stocks. I'm thinking the 4th quarter of this year is a good time, for me, to start making the transation…
Since, I am in the process of moving some of my equity money found in the growth area of my portfolio towards funds that generate a good income stream I have PFANX under buy review along with INUTX. These two funds will be additions and held, if pu…
Hi @rforno,
rforno said ...
I bet we see continued run-up today and perhaps Monday, and then a massive reversal on Tues if the Dems retake the House. You know, get as much altitude as you can so any big drop down won't bring you 'down' too far...…
Hi @Derf: Thank you for your question. Here is how I plan to fund the asset allocation change within my portfolio of reducing equities by about 10% and raising both cash and fixed income by about 5% each without selling securities. Over the next c…
Barometer Week Ending Reading: Oversold
For Friday November 2, 2018 Old_Skeet's market barometer which follows the S&P 500 Index closed the week with a reading of 164 which is down 4 points from last weeks close. With this, the barometer based…
Since, all my mutual funds held in my IRA pay their distributions in cash (rather than reinvest) I take my RMD in January of each year. This gives me a full year to accru for this. In most cases I have enough cash on hand to meet the RMD without h…
Hello. With the S&P 500 Index being up for the past three trading days (by defination) the selling stampede (or perhaps as some might say it should have been called the "selling frenzy") is now over. From Monday's close of 2641 to Thursday's c…
Now that I am beginning to collect October mutual fund income disbursements, within my portfolio, Old_Skeet put his buying britches on yesterday and did a little equity buying in EADIX which is a global equity fund that makes monthly income disburse…
Hi folks, I am linking below Jeffrey Saut's commetary dated October 29, 2018 titled "The Perfect Storm." In his commentary he comments on the recent selling stampede along with his thoughts as to when and why it might be ending. However, no one re…
Hello: As we have now closed the week of October 26, 2018 the S&P 500 Index is off its 52 week high by about 9.7% and just short of being in correction territory. As stocks have cascaded lower during the month of October they have, from my pers…
Barometer week ending reading: Oversold
For Friday October 26, 2018 Old_Skeet's market barometer, based upon its metrics, closed the week with a reading of 168 which is up 4 points from last weeks close. For the week the S&P 500 Index closed t…
Hi @prinx: Thank you for your question. I called my broker to see what I needed to do to put a TOD provision on my account. It must be something a good number of folks are doing because they had a formated form that I completed and had notorized. …
Hi @johnN: Thanks for bringing up transfer to others. I do have in place TOD's (Transfer on Death) provissions on my accounts so these invested assets pass outside of my Will to those named in the TOD. It is much easier to change the TOD than hav…
Hi @johnN: You bring up a good point. For me, now being retired and 70+ years of age, should I be making spiffs? Let's look at this a little more in detail. Let's say I make a 15k spiff in VADAX which is an equally weighted S&P 500 Index fun…
AGTHX is one of three holdings in my large/mid cap sleeve found in the growth area of my portfolio. It has been a long term holding for me and one that I plan to continue to hold. The other two funds held within this sleeve are AMCPX and SPECX. T…
Hi @bee: Years back I did at one time own ODMAX but sold it as I aged and got more conserative. Back then, I also owned NEWFX and retained it. Also, back then, my neutral allocation in the growth area of my portfolio was about 25% today it is 15%…
