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.
I flew the Betsy Ross today. This flag has flown over the Capitol in memory of Joseph Wilson Ervin, Congressman from North Carolina and member of the 79th Congress. He was a brother of Sam Ervin, Jr., U S Senator , who chaired the Watergate Procee…
Hi @MikeW. Thank you for your question. My response follows below.
The three best performers from each sleeve are as follows. Income sleeve HWHAX +5.99% ... PGBAX +5.00% ... and, LBNDX +4.86%. Hybrid Income sleeve FRINX +9.93% ... FISCX +6.71% …
Hi @FD1000, While HY Minis have done good, as you note, my income sleeve is up 4.5% and my hybrid income sleeve is up 5.5% for the month. With this, it appears fixed income across the board has done well.
Cordially,
Old_Skeet
Hi @Derf, Thank you for your question. In responding to it ... I can review my portfolio (performance wise) through M*'s portfolio manager on a daily, weekly, monthly, quarterly, year to date, one year, three year, five year and ten year periods. …
Hi guys:
My three best performers year to date are CTFAX +13.75% ... AOFAX +9.96% ... and, FISCX +9.38%.
My three worst performers year to date are PMDAX -23.30% ... HWIAX -20.71% ... and, LPEFX -17.79%.
Thank goodness I hold more in my better pe…
In response to your question. I'm thinking that it does along with the high frequency crowd. Look how the machines played the market this past Thursday with the S&P 500 Index moving from a Wednesday close of 3190 to a Thursday close of 3002 fo…
Hi guys: With the stock market activity that we had this week I thought I'd post an update with this weeks barometer reading. For the month I have the S&P 500 Index about flat, thus far, with a barometer reading of 131 as we opened the month an…
Hi guys: I'll post more on the barometer tomorrow but with market close today and thus far this week I have the S&P 500 Index down -7.1% from Monday's close of 3232 to today's close of 3002. Even with this decline the barometer based upon it's …
Hi @Junkster, I hope you are well and things are rolling good for you with your new endeavor.
Can you tell us more about this endeavor? From what you have written, thus far, it sounds interesting.
On the barometer ...
One of the three main feeds…
I have noticed that since the first of April the price of copper is up about 18%. This is one of the reasons I recently opened my first of ususally a four step buy position in a commodity strategy fund (BCSAX).
NEWFX & DWGAX Combined these two funds make up about 5% to 6% of Old_Skeet's portfolio. NEWFX is a growth oriented fund while DWGAX is a more of an equity income fund that provides for some growth.
By Old_Skeet's mythology the S&P 500 Index is extremely overbought. I'm now leaning towards trimming my equity allocation now that I'm pretty close to getting back towards even.
Can stocks go hgher? Absoutely. And, I hope they do!
I'm thinking that some confuse amount invested with tax cost basis.
Amount invested is simply what is paid out of pocket to purchase. While cost basis is made up of purchase amount plus any dividends and capital gains used to buy additional shar…
Looks to be a good (high octane) momentum fund. Now that CTFAX has changed its investment posture from being a risk-off / risk-on type fund to one that follows more of a tatical positioning one this leaves Old_Skeet to become more active with my sp…
Hi @Derf, As you may recall I averaged in and bought during both the downdraft and then the updraft up until S&P 2700 range. After that, I decided to just sit with with my average buy being at 2500 range and enjoy the ride back up.
I'm not go…
Hi @FD1000: I too in the past have been addressed in ways that were rather brash by some that are still present (and posting) on the board.
Years back, I was called out to start posting my spiffs, as I made them, since I was reporting good profit…
There has been much prior discussion about how CTFAX goes about making changes to it's asset allocation moving between stocks and bonds based upon the movement of the S&P 500 Index.
It's new asset allocation was made on May 28th where it change…
It was a nav buy for me. There are other share classes available, plus the A shares can be purchased with no sales load on some mutual fund platforms. I believe you can buy it commission free and without a transaction fee at Fidelaity. I'm not su…
Hi @MikeM,
PARHX is a good fund, no doubt, and for some it might be a better choice over what they are presently doing.
For me, it would be very costly for me to switch to any one fund such as PARHX. Being an investor since the age of 12 (now …
Hi guys, Things are crazy ... yes?
Currently, based upon the metrics of Old_Skeet's market barometer it scores the S&P 500 Index as extremely overbought with a reading of 120. With this, I'm not putting any new money to work on the equity side…
Hi @ MikeM. The -5% is year-to-date and accounts for the January RMD I took. I'm off my 52 week high by about 6% to 7%. 7% if you count the January RMD I took in cash and 6% if you factor it back in.
Hi @Derf. SVAAX is a dividend paying value f…
As on market close today, I have the S&P 500 Index off it's 52 week closing high of 2/19 by 11.3% and up off it's 52 week closing low of 3/23 by 36.0%. For me, since I was a buyer of equities, in the stock market swoon, has now help me in the r…
@sma3,
Today, I bought my first of four planned buy steps in BCSAX. This purchase will become the fourth member of my misc & other sleeve found in the growth area of my portfolio which now contains thirteen funds.
One of the reasons I chose …
Thanks @hank ... Old_Skeet made a goof in the wording of the title. Want be the first one ... nor, the last.
And, it seems the author did as well as M* list all the above funds, in the article, as World Large Stock funds and not World Allocation …
Hi @rforno & @sma3, Thanks for making comment.
I've been trolling through some commodity strategy funds and find Blackrock's commodity strategy fund of interest. It uses both equities and futures to gain its exposure to commodities.
Investmen…
Been thinking (pondering) of adding a modest holding in a commodity strategy fund (PCLAX) to my hybrid income sleeve since commodities have been beaten up in the recent stock market swoon. My outlook is that PCLAX can turn a 25% to 35% gain over th…
Hi @kings53man,
Just wondering what your overall asset allocation might be? Cash 10% ... Fixed (income) ? ... Equity (stocks) ?
I have been retired now for more than five years. My basic asset allocation is 20/40/40 which I can overweight the in…
Hi @Old_Joe. Thanks for seeking my thoughts.
Certainly, there is more risk in investing in most everything given COVID 19. Take everything from equity to fixed. If companies can't progress and produce earnings then they can't continue to emplo…
To be a winner when it comes to investing you do not have to have the absolute best funds, from my perspective, the steady Eddie funds will do. The goal is to grow your principal over time. For me, time invested is as important (maybe more so) tha…
Hi @johnN,
Thanks for posting the article on munis. It covers how to determine which offers the better investment value ... muni's, treasuries, or corporates? And, for me, cash as well.
Muni's are a part of my diversified income sleeve and I ca…
Hi guys, I take the print edition and it might get released before the online one becomes available since it comes through the mail. Not a typo ... June 1, 2020 ... edition is correct.
My all equity dividend paying funds that are found in the growth and income area of my portfolio follow. They are for my domestic equity sleeve: FDSAX with a yield of 3.95% ... IDIVX with a yield of 3.96% ... INUTX with a yield of 3.41% ... and, SV…
With equities having the strong run that they have had of late, and the fact that I was a buyer of equities during the stock market swoon, this has left me light on the income side of my portfolio and heavy on the equity side. Since, cash is paying…
Here is how Old_Skeet is playing it.
I have two sleeves of equity income funds (one domestic and one global) which make up better than 15% of my portfolio plus what my hybrid funds hold. With this, I'm thinking that I've got, at least, somewhere a…
Hi @litner, Thanks for your question.
Currently, the hybrid income sleeve makes up 26.56% of the portfolio as of May 15th market close.
Generally, the income area of the portfolio carries a neutral weighting of 40%. With the hybrid income sleeve …
I get my exposure to preferred's through an oef (PFANX). Currently, PFANX makes up about 5% of my hybrid income sleeve. In addition, I hold FISCX a convertible securities fund along with FRINX which is a real estate income fund in this sleeve as w…