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.
Again closing in on 1.5% :)
After peaking at 1.778% March 30, the 10-year Treasury bond has steadily declined, dipping below 1.54% this evening. The rapid reversal has baffled many observers - especially in light of generally “hot” economic i…
“ But you can't eat wearing a mask, so we were free of the mask for THAT enjoyable task. No rush, no reservation needed, no effort. Beautiful. UNCOMPLICATED.”
Here you’re required to wear a mask in gyms. Try running laps around an indoor track (I …
One of their portfolio managers is interviewed in this week’s Barron’s.
Since they like gold, I ran a comparison of their Global fund SGENX with PRPFX. At the 3 and 5 year point, PRPFX has the better performance record. At 10 years out they’re ti…
Right. M* has (or had) a message posted today regarding the technical issue. I don’t run their portfolio analyzer - so can’t address that. But as for the basic (archaic) portfolio tracker, it’s proven highly reliable for me, despite today’s problem.…
I enjoyed watching Soul recently. Not bad. Later learned that the highly talented orchestra leader from Stephen Colbert’s late night show, Jon Batiste, wrote and performed all of the music. https://news.disney.com/music-for-soul
Polling / data …
“If inflation runs exactly as priced into the market, TIPS should slightly underperform ‘regular’ Treasuries, since you're paying a little for that inflation insurance. If inflation runs higher than is priced into the market, you win, but only relat…
@msf - You belong in the fixed income department at TRP or some other big player. :) Suspect your knowledge exceeds that of some who deal with these issues daily. Thanks. I’ll confess to a little “click-baiting” with my question about having nega…
@Sven - Enjoy Barron’s.
I thought the April 19 issue was particularly interesting. Do give the kindle subscription a test drive sometime. Amazon always gives you at least 2 weeks free, sometimes more, during which you can cancel.
@Were you fortunate to get the recent low price ?
@Derf - No. Both trades will process at end of day. Shifted funds around at both houses where I have separate accounts. Did require adding some to DODIX and moving out of a shorter duration bond fun…
Sold a bit of DODBX. Added a bit to PRWCX. No change for RPGAX.
Lots of good discussion in this thread. It’s hard to take risk off the table in today’s environment.
@hank, do you mean that the image quality of Fire tablet is better than iPad? I like to keep everything on iPad just to keep life easier.
@Sven - It is certainly worth using the Kindle app on ipad. Layout & functions are nearly identical. …
They like to throw that “Anglo Saxon” around ... Just a better sounding subterfuge for white power. Amazing how the right can seize on commonplace (relatively innocent) words and symbols and subvert them to emblems of their perverted ideology.
” I am ~ 75% cash/CD/IBonds. Market just seems to me artificial...too much BS ...”
Hmm .. @Baseball_Fan - A few days ago you sounded downright bullish. From your April 12 post (Thread: “Bond Duration Question”) - “On a side note...just increase…
We resurfaced our deck several years ago with plastic lumber. Given the wet climate in Pacific Northwest wood products do not last. Last time I checked wood decking lumber was more than 40-50% higher than that of a year ago.
Built a new side deck w…
@Sven said, “Other investment opportunities??”
Materials and energy are extremely volatile places to play. Very sensitive to the economy. As far as PRNEX goes, I’ve avoided it in recent years as just too erratic. It had a better manager many yea…
I will suggest; Cowpiecoin. High pressure molding and shaped properly would insure long term use.
@Catch22. I get the scent in the wind - so to speak. Many in northern Michigan have been grumbling lately about what they perceive as 50% jumps in p…
My bad. Dumb of me. Thanks for catching it @Catch22. Hell - the second story I earlier linked shows a Cessna - not a WWII vintage plane. Does make me wonder how safe Florida beaches are when a father swimming can be killed and his young daughter cr…
Yeah - This crap has been out there for many years. I’m acquainted with an otherwise decent individual residing in a western state who apparently has been indoctrinated into this myth - largely I think through social, cultural & religious as…
What he says: “Last year was an aggressive year for fixed-income performance with global central banks slashing rates as a result of COVID-19, and at the same time re-engaging in secondary market bond purchasing ...
True. But it went much furthe…
Re: “Add Safety by Venturing Abroad”
Title’s a bit misleading. Try and find a prospectus for any foreign or global bond fund that doesn’t mention the increased risks of owning foreign bonds.
I’ve always allocated a small chunk to foreign bonds…
As the cost of owning ABRTX surfaced in the course of discussion, I’ve linked a good summary of the types of expenses and fees mutual funds charge or pass-on and how they impact your bottom line. LINK
It’s generally recognized that (what I call) “b…
@little5bee-
Take everything on this MaxFunds site with a large grain of salt. Often they overstate the negative. However, for a worst case scenario , it’s an interesting place to look.
ABRTX Overall MaxFunds Score: 50% - Poor
Forecast: 1%
B…
@WABAC -
I realize you’re seeking screening sources. However, for plain ol’ duration it’s hard to beat Yahoo Finance. Terrific stats on funds - including average bond duration, average maturity, credit quality by tier, plus year-by-year fund ret…
Actually - This thread is better called “Former Bond Duration Question” - after devolving into a sniping match over who the best investor on the board is. :(
A poster recently included a link to an alternative fund discussion board. While the intent was to castigate a fellow member here, it provided a glimpse into how petty and self-aggrandizing some of the off-site boards can get. Am thankful for MFO wh…
Aside from everything else going on in this thread, I would like to see any Lipper data on duration. And I would like to be able to screen on their duration numbers the way I can screen on many other factors.
+1
I hope you get your data. However, …
@hank : PRSIX appears to be holding close to 13.5 % cash at this time. Is this a (normal) % for cash or are they building some dry powder ?
Just wondering , Derf
@Derf - It may be a bit of an illusion. Lipper…
@fred495 ...
PRSIX is where I’d like to be someday when I’m too old to know which end is up - or much less care. One of T. Rowe’s strengths is their intelligent macro-reads and ability to steer funds like that in the right direction. Of course, the…
Just for the h*** of it, last night I sorted my 16 funds from “best” to “worst.” Very unscientific. No particular criteria other than my perception of potential risk / reward - much gained looking at Yahoo’s excellent historical data. I think that…
On a side note...just increased my holdings in Home Depot to low six figures.
Looks like you moved the stock. Home Depot gained a buck and a half today. (HD) 320.79 USD +1.56 (0.49%)
@Sven - Apple News sounds great. All have their favorites. Forsyth is my “cup of tea”. 2 or 3 other columns I always read - and of course LB.
Yes - There’s an ipad app for Kindle subscriptions. I rely on it traveling so as not to have to carry …
Thanks for comment @Sven.
Sounds like some here manage portfolios exceeding 1-2 M. And I’d hazard a guess the vast majority are well into 6 figures. When managing that amount of $$, one need glean only a relatively small amount of market insight…
