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.
Long ago when I was interested in this sort of behavior,
I found it helped to look at the movement in the top 10-20 positions of the portfolio.
If there is any solace for your 1 day disappointment with this fund, maybe this will help. From Oct. 1s…
Hi Crash, The fund has morphed over the years into pretty much a “go anywhere” fund. Pretty darn hard to “read” its daily behavior for that reason. I knew they played with derivatives. Wasn’t aware (as you claim) it shorts stocks - but it wouldn’t …
@Old_Joe,
Just because it’s legal where you live, doesn’t mean you should be smoking it!.
(PS - Relax. We got 5000 troops heading your way. We’ll stop em.)
Thanks @Crash.
Having spent a few hours now listening on Audible, I’d sugest getting the print (over listening). There’s a lot of extracted campaign rhetoric intended to convey the substance / style of various Dem and Rep candidates during the pr…
With all respect to Jeff Saut, I think the term “stampede” is being grossly abused here. Admittedly, there’s no generally accepted definition for a market stampede. But there is a generally accepted definition for market correction. That’s a retrenc…
@ Ted: Good morning & where is the link ?
Derf
@Derf, Possibly Ted’s thinking of this old post of mine on which he commented:
https://www.mutualfundobserver.com/discuss/dis…
Hmm ... I started taking distributions at perhaps 63 or 64 - long before RMD was required. And that’s when the realization sank in that this isn’t some “numbers game” we’re playing anymore. It’s very real spendable cash. Withdrew very small amounts …
Hi Guys,
No problem. In a short World Series, conventional player usage rules don't apply. The operative rule here is "all hands on deck".
That rule was extensively applied in yesterday's 18 inning marathon. Boston ended the game with a catche…
@larryB
Yep - The dollar sum losses sting a bit more. I don’t know how old you are, but if not yet taking distributions you’re fine just dealing with the percentages. After one actually begins pulling money out, losses in dollars seem to assume a …
Dunno how much it’s down. Don’t much care. But I’ll note here that percentages can be very misleading.
Example A: If your portfolio fell by 25% in one year, you would actually need to gain more than 33% in the following year to “break-even” again…
The author makes a worthwhile point. The “YTD return” a lot of us focus on is based on an arbitrary 12-month Earth year beginning January 1st. I find YTD return a curiosity, but don’t get too bent out of shape when it’s negative. Viewing 3 or 4 su…
Blows my mind too. Sometimes, however, I come close to understanding Einstein’s view of gravity (somehow tied-in to the the theory of relativity) - but than it escapes me. As I understand his view of gravity, everything is traveling in a straight l…
@MJG, I’m sorry to have misunderstood you. But as someone once said: “To be misunderstood is to be great.”. Congratulations on attaining that high pillar. :)
Forecasting the economy and the market is an impossible task. I don't play that Loser's Game
@MJG - Methinks you missed the poster’s point. His was a hypothetical question which contains the words: “Suppose you knew a recession was coming in 3-6 …
I’ve recently surrendered my official market timing certificate before the authorities suspended or revoked it due to incompetence. However, since you ask ... seems to me past rececessions were often preceded a few months ahead by a falling stock …
“Have I missed something?”
Maybe. Those extra dollars in your pocket didn’t have to go into the U.S. Treasury. They might have been used for any number of worthwhile purposes for the benefit of all. I believe that educating children, building up in…
No, I think it'll be the rogue traders embedded in that caravan that he blames for the market 'crashing' today.
Yep - Some of them do look like the Wall Street type ... (right after 1929).
Don’t know. Don’t care. Parked all my $$ for 2019 in cash several weeks ago..
On another note, Janet must be smiling ear to ear. Powell sure to receive another scathing by day’s end.
:(
Good analysis by several. I like the ultra-short (TRBUX) mentioned above. Use it as a “cash equivalent” (Not all ultra-shorts are managed as well.). Yet, even over the shorter 5 year period, it lags RPSIX by about a point and a half. So, if willi…
@Crash - Not qualified to opine on PTRMX. Dabbled in one of Price’s munis a year ago and it worked out pretty well. But something I don’t get into much.
Hopefully someone will comment. If not, you can always start a new thread on that one.
Hi Derf. Thanks. Not sure what your numbers reference. M* breaks down the credit quality of RPSIX’s bond holdings. (If you include the fund’s 10% equity holding in the total, the following percentages would be a bit lower.)
Here’s the non-investm…
I’m intrigued myself about the fund’s lackluster performance. But like I said earlier, it’s a hard one to classify. Even Lipper (where I normally look) has it scored 3 (out of 5. Over 5 years it hasn’t even beaten their ultra-short (TRBUX) by a ful…
No “goof” on your part Ol’Skeet from my perspective. I’m guilty of reading too quickly without thinking enough about what you were saying. As a “stand alone” sentence / phrase it might seem unclear. However, within your broader context, it makes p…
RPSIX. Since I'm pretty well married to T Rowe, it looks like one of the best among a less than fabulous menu of bond funds. Is RPSIX worth throwing money into it? I've been window-shopping up and down that T Rowe bond lineup more than a few times…
@Derf, word of the day...dump. You can take one...you can leave one...and sometimes you can go back and take (m-ore) out of what you left.
@bee, I was vaguely aware Shakespeare uses some word-plays on dump in his works. I believe the term had some…
@Old_Skeet,
I get it now. I was reading “fund” as a noun: “my personal income fund”
You intended it as a verb: “income ... will fund this movement”
Thanks for responding. Didn’t mean to be critical.
Regards
“I plan to let my year end capital gains distributions that will soon be coming from my equity funds plus most of my fourth quarter portfolio income fund this movement over the next couple of months.”
@Old_Skeet, Is there a word missing in there s…
From The Washington Post, October 18
“President Trump himself expressed new concern about government spending Wednesday, telling members of his cabinet that they should plan to cut 5 percent from their agencies’ budgets while offering few details e…
(from @msf’s link above) Atlanta, October 18, 2018 --- Invesco Ltd. (NYSE: IVZ) today announced a combination with OppenheimerFunds, a strategic partnership with Massachusetts Mutual Life Insurance Company (MassMutual) and a $1.2 billion common stoc…
Thanks @Crash
I linked the story nearly a week ago, but it failed to gain any traction.
https://www.mutualfundobserver.com/discuss/discussion/44421/media-companies-executives-pull-out-of-saudi-investment-conference-over-missing-wp-reporter
Looks …
When will “investors” begin to flee their passive index funds in favor of 3-4% on cash and / or very short duration investment grade bonds? After a 10% loss? 20% loss? maybe 30%?
@MFO Members: I was afraid this would happen when I linked the article about the interest on the public debt ...
Not to worry Ted.
Because you’ve become mfo’s dark repository of virtually anything “linkable” - regardless of quality - folks will f…
Ouch - That one affects me. About 10% in Oppenheimer going back 25 years. A flawed outfit for sure, but I use (and like) some of their more exotic specialty finds for certain portfolio needs. My other houses steer clear, for the most part, of these …
With two-year CDs paying 3% guaranteed interest, I am considering moving more money from bond funds to a CD ladder. I did that early this year with taxable savings that had been in a short term muni bond fund. I also moved a sizable portion of money…
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…
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.
Makes sense to me - although I’d be …
