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.
@hank Are you referring to Class B shares which are back-loaded and include a contingent deferred sales charge and higher 12b-1 fees than A shares ?
@carew388 - Looks like a typo in my post above. Intended to say “12b-1 fee.”
My reference was to…
Thanks @bee. This is what I most enjoy about MFO - the free exchange of ideas. I am not a financial advisor or expert. Just my “gut” reactions (worth maybe a nickel).
#1: Put It All In One Fund - Not me!
#2: Create Your Own Yield - I like the…
It seems that, as a society, we talk too much and do too little. (Like me now.)
It’s difficult to think back to a period when our national leaders possessed a sense of humor.
come on; the last guy had a terrific sense of humor, and a light touch…
It seems that, as a society, we talk too much and do too little. (Like me now.)
It’s difficult to think back to a period when our national leaders possessed a sense of humor.
“ The 60/40 Stock/Bond Rule is ubiquitous, and that’s stupid because it’s just not right for everyone. Asset allocation is the most important decision, and is designed to achieve objectives. Risk preference needs to be controlled by risk capacity. …
Boeing seeks to borrow $10 billion or more ...
“ The company has estimated the costs of the 737 MAX grounding at more than $9 billion to date, and is expected to disclose significant additional costs during its fourth-quarter earnings release on J…
Turbo screwed mine up so much last year (and delayed my state refund by about 6 months) that it’s back to H&R Block this year. Today, their “Deluxe with State” can be had (shipped to home free with Prime on CD) for $19.95. Federal alone is $14.…
Nasty environment for many active managers. Recent experience with some formerly good fund houses leads me to think their products have suffered as money has fled their firms. Might be a vicious cycle.
Somehow T. Rowe has managed to buck the tren…
I own about 1/3 of these funds and also held Magellan which I sold at one point. THe only way to avoid these funds if you have invested for a long time would have been to decide that if a fund was written up it was too late to invest in. I guess I…
@hank,
Downsized at Kip, JWaggoner has moved on to AARP.
I guess I won’t see him again. My monthly AARP pubs go directly into the “circular file cabinet”. :)
However, AARP membership is on rare occasions helpful in getting a reduced rate at some …
:) Thanks @Mark. I’ll take a look. Already subscribe to 3X what I have time to read. Last night added an old favorite, The New Yorker magazine, to the collection.
BTW: What limited value I see in Kiplinger’s is skimming, gazing, maybe grinning o…
but finpr0n articles like this don't make that distinction too often, or clearly.
Sad but true. Sundays (when this went up) tend to be “lighter” reading days. That said - the article is badly (and misleadingly) titled. Being perhaps the “hottest”,…
In self defense, I don’t think anybody expects to unearth brilliant investment opportunities by subscribing to a magazine priced at $1 a month (web-based) and under $2 a month mailed to your home. Hello?
My interest in the magazine is for entertai…
There’s two separate themes running here, seems to me.
One theme is the long running debate: Active vs. Passive management. That’s been thoroughly debated / raked over the coals here and elsewhere over the years. I have nothing to add.
The othe…
“It will be surprising if the print edition lasts a year”
@davidrmoran. Thanks. Based on that, I’ve cancelled my new subscription to Kiplingers print and will reinvest the $23.95 in a bottle of Cutty Sark - selling for about the same price here …
It appears that the Kiplinger article focuses only on "returns" over periods of time, with little consideration of "risk" in generating those returns
A valid point. That was my initial thought too. “Eye candy.” But Kips did lay it out very nicely …
@MikeM - I’d call Kiplingers mostly good “financial porn“. Nothing deep or actionable. Just a light read. I actually went with Amazon’s Kiplingers offer today thinking it would be nice to have some print copies lying around the house in addition t…
“In other words, the money that you took out of that Oppenheimer 2015 conversion Roth was viewed by the IRS as if you'd taken the money out of your older Roth.”
Thanks @msf. I’d actually seen that point explained somewhere back than - but than la…
Hi @Catch22 - I can’t answer that very well. Process for all 4 conversions between 2009 and 2016 appeared to work the same way. Perhaps it helps to understand that in each case, I converted 100% of whatever was held in a Traditional IRA at the parti…
@bee says, “a confusing topic ...”
That’s the reason I’ve always elected to sit tight for 5 years following a conversion. Over-kill I know. And it’s nice to realize you don’t have to wait to pull the principal out. Where it could become muddling (…
Thanks for sharing @equalizer.
For the price, I’m impressed with some of the things Kiplingers does. Can’t compete with Barron’s of course. Two different leagues. (And it’s easy to access Kiplingers free online.) If anyone’s interested in the pr…
@dtconroe,
My comments were well meaning (as you took them) and pertained only to the topic under discussion: “Left Morningstar and came here”. To be honest, I’d forgotten about the other thread (on closed end bond funds) you mention, and wasn’t a…
“ There is one particular poster, John, who introduces about 4 or 5 or more new threads every day, that goes straight to the beginning of the Discussion section.”
That’s the way it’s supposed to work. The most recent new threads go to the top. Mos…
@hank: { In fact, their domestic equity funds are hedged against interest rate shock by being overweight financials. A lot depends on which way the wind blows.} Hank if memory serves me right they were way over weighted financials back in the big bl…
- Gas on fire this morning. +12% (to near $3.50
Yikes! What a difference a year makes. Just noticed natural gas is off 3.5% today alone and sitting under $2.00.
I have never watched an asset languish by this much this long. Don’t know when the sl…
Since the disastrous ‘08 performance of D&C was brought up earlier, I thought an article addressing those issues (written in 2009) might be of interest to some readers. D&C felt blindsided by the massive and unexpected government interventio…
@Sven echos my thoughts. I was with D&C when the roof fell in (‘07-‘09). Remember it well. But I wonder if worrying about a repeat is tantamount to “fighting the last war”. I don’t see much in their style that says their funds must always le…
@davidrmoran, Thanks, I got in incognito. I’ve considered subscribing to Barron’s, but time-wise and money-wise it would mean cutting out the FT. Tough decisions.
Excellent article by Lewis. Yes, DODLX sports above average returns and a below ave…
For my part, if the market were to go on a "rampage," it would not be to the upside. My previous comment meant to bring out the writer's infelicitous choice of wording.
@BenWP - Thanks for the clarification. I’m not certain which “previous writer” …
Not to introduce politics, but I'd expect a big jump in a couple of weeks after McConnell's Senate lets Mr. Trump walk away laughing.
@Old_Joe - Methinks you’ve misunderstood. Those synonyms I dug up were intended to describe the current market - n…
(Sorry I can’t access Lewis’ article at this time.)
DODLX lost 6.21% In 2015 according to Yahoo Finance. That must be the year I bought in, as I remember taking a substantial “drubbing” on my initial investment. https://finance.yahoo.com/quote/DO…
Re: SS not going to bankrupt but you shouldn't count on it
Here’s the actual headline: Social Security Is Not Going Bankrupt, but You Still Shouldn't Count On It
Notice how by inserting the infinity marker (“to”) John alters or muddles the author…
Bloomberg was talking about high PEs this morning. Hard for me to get my head around the intricacies involved in attaching relevance to whatever number is reported.
Here’s where I am able to get my head around numbers somewhat: The Dow bottomed in…
Re: “What do you do after Nov election” : I wasn’t going to comment on this one - idiotic as the title sounds. But I’d like to point out that JohnN did not copy/paste the full title of the article (and he should have).
Here’s the full title: Ken …
