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.
Hi folks: To say that the selling stampede (now in its fourteenth day of market declines) has ended we will need three consecutive up days in the markets. For me, that would be in the S&P 500 Index. I would not be surprised to see the 500 Inde…
Hi @davidrmoran: Thanks for making comment on my above statement. From my perspective tax cuts put dollars in my pocket that would have otherwise gone into the United States Treasury. Tariff receipts are paid to the United States Treasury as good…
I feel that the President had to get the tax cuts in place before he could start dealing with the inbalance in trade with outher countries that have tariffs on our goods sold in their countries but did not want tariffs on their goods being sold in t…
NEWFX is one of my three holdings found in my global growth sleeve. It has been a long term holding for me and one that I plan to continue to hold for a good number of years to come.
Hi @Ted, Thanks for reading behind me. The winter I was thinking of began in December of 2017 and ran thru March 20, 2018. Thus, by my thinking, Feburary of 2018 would be late winter. Would it not? If my thinking is wrong please correct me.
AOFAX is one of three holdings held in my small/mid cap sleeve which is found in the growth area of my portfolio. I added this position in late winter of 2018 and have been building it through a position cost average buy process. I'll be a most ha…
One of my mutual funds (FDSAX) invest about one third of its money in the Dogs of the Dow strategy (ten positions) and the other two thirds (twenty positions) using the same type strategy for picking stocks from the broader market omitting picks for…
Hi @Crash: One of the things that I favor about RPSIX is that it is a fund of funds. With this the fund manager(s) can jockey its holdings based upon their read on the markets thus making it adpative to the every changing market conditions. I've …
Hi @hank: Thanks for making comment and asking for clarity. Sorry, I came back with such a short answer. Seems as I have aged and my fingers now seem to type, at times, what they want over what my brain directs. I'm going to have to start doing …
"Where to now?" Well, that depends on your perspective and what you want to achieve. I'm thinking this will vary from investor to investor. For me, I'm in the process of increasing both my cash and fixed income allocations while reducing my equit…
Barometer Week Ending Reading & Change: Undervalue to Oversold
For Friday October 19, 2018 Old_Skeet's market barometer, based upon its metrics, closed the week with a reading of 164 which bubbles on the barometer's scale as oversold. For the …
Hi Guys & Gals: I'm thinking it important to have my portfolio invested based upon my risk tolerance. During times of a bull market run(s) I have found in the past I've let my equity allocation become to aggressive in prior years. However, aft…
Hi @hank: My current simple target asset allocation is 15% cash, 35% fixed income & 50% equity. I am in the process of moving towards 20% cash, 40% fixed income and 40% equity. I'm thinking that this asset allocation would be good for me going…
Barometer Reading Update: Oversold to Undervalue
With yesterday's advancement in the S&P 500 Index to 2810 on 10/16/2018 Old_Skeet's market barometer has produced a reading of 157 which bubbles in the undervalue range on the barometer's scale. …
For me, since I am in the process of trimming my equity allocation due to an aged base portfolio rebalance I feel it makes good sense to trim equites in a bull market run over trimming in a stock market sell off. But, in the end I guess it also dep…
Hello, FWIW, I have been Googling the Barrons' article titles in Google. With this, thus far, I have been able to read these subscription required articles of Barrons that Ted post.
In addition, I have linked the Crossing Wall Street Weekly Recap …
I'm linking the Crossing Wall Street Weekly Market Review for Friday October 12, 2018 below because it explains from the author's perspective what caused the recent price action for the S&P 500 Index along with how investors might wish to govern…
Old_Skeet owns four of the five funds listed in the article. They are AMECX, BAICX, JNBAX & PGBAX. Wonder if the writer of the article took a peak at my portfolio?
Hi @Ted, my mistake ... I meant to type oversold. Sorry for the typo. Thanks for checking behind me. Having trouble getting my fingers to correctly type my thinking this evening. Perhaps, tomorrow will be a better day for me. We have been opera…
Weekly Closing Reading: Extremely Oversold
Old_Skeet's market barometer closed the week of October 12, 2018 with a reading of 168 indicating that the S&P 500 Index is extremely oversold. For the week the Index was down 4.1%. Short interest fo…
Barometer Reading Update: Oversold to Extremely Oversold
Hello with the S&P 500 Index closing today at 2728 (down 2% for the day) puts Old_Skeet's Barometer produced, by its metrics, a reading of 174 scoring the Index as extremely oversold. At…
Barometer Reading Change & Update: Fair Value to Oversold
With the S&P 500 Index declining to a reading of 2785 (range) as of market close 10/10/18 Old_Skeet's barometer has moved to a reading of 167 (oversold). Normally, I'd be putting so…
Hi @slick: That sounds like a nice cruise you took, My wife and I will be taking a weekender soon to the North Carolina mountains to view the fall folage. I've been thinking of adding to AOFAX myself. However, I hold this fund in one of my taxabl…
My small/mid cap sleeve is off its 52 week high by -6.8% as of market close on 10/9/18. This sleeve consist of the following three funds with (percent off 52 week highs) AOFAX (-11.28%), NDVAX (-4.09%) & PMDAX (-6.26%). Year-to-date the sleeve…
Hi @johnN: Thanks for posting the Pimco piece. Interesting as it may sound I'm still favoring Pimco Income (PONAX) over Pimco Dynamic (PUBAX) even though it has been renamed and reconstructed. I plan to monitor both funds as we continue to move th…
Nice article on micro caps. I've been looking at expanding my investment space by adding WMMAX or IGWAX to my portfolio. WMMAX is the higher rated fund by Morningstar but IGWAX has been the better performer over the past year. The current fund I'…
Hi @paule: Thank you for your questions. It has been a busy day for me and I am just now getting around to responding to you. I could get complex in my answer but have chosen to keep it simple. Within my master portfolio (which was detailed abov…
Hi @bee: Thank you for your question. You may recall that I have a well diversified portfolio consisting of many types of income generating assets as I have posted my portfolio several times on the board for its viewing. I have provided it again f…
Hi @Derf: Thanks for the question. What I am dealing with are two themes. One is equity theme and the other fixed income theme. As interest rates rise generally fixed income valuations fall. However, generally, with equities they march to a diff…
Barometer Reading: Fair Value
For the week ending October 5, 2018 Old_Skeet's market barometer, which follows the S&P 500 Index, closed the week with a reading of 151 and bubbled in the middle of fair value on the barometer's scale. Short inte…
Hi @AndyJ: Thanks for stopping by and for making comment. Many of us on the board are in or near retirement. For myself, being in retirement, I have been reducing my equity allocation over the past five years, or so, from upwards towards 70% now d…
@Derf: I am in a rush to get out the door this morning so this will be a short answer. The other is mostly commodity paper (held in the Pimco Cayman Commodity Fund) where most of the profit/income is generated. Another commodity fund that Pimco ha…
Hi @johnN: Thanks for posting the Zacks report on three funds to buy from Pimco found at the bottom of page one of this thread as this comment begins page two. Of the three mentioned Old_Skeet owns one of them which is PCLAX their commodity strateg…
