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.
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MikeM
I know you are not a fan of his, Mona (understatement :) )
Another Bills fan!!! Junkster just sent me a note saying the same. GO BILLS! They will be right down the road from me when training camp starts next week at St. John Fisher College. But tickets sold out in hours, so I won't be going. Are you from the area, Western NY?
I've been burned so many times with miner funds in the past, I stay away as if they were the plague. Good luck to those smarter (or luckier) than me who know how to play them.
Gold (IAU) on the other hand, I've been holding since the covid bear at…
@hank, I don't keep meticulous records. Actually I don't keep any records at all on return. Schwab does it for me. The home page when I log into Schwab is a chart that trends day by day closing totals. I put the curser on the trend and it gives me d…
@hank, Twin Peaks :)
Now that I look, Yahoo's historical data shows the S&P500 peaked on Jan.3 2022 at 4786. I know my personal accounts peaked on Nov.8 2021. What-ever. Seems like a long long time ago. Haven't recovered yet.
Who cares @Derf? It's not the Bills or the Packers :)
Kidding aside, I started watching the AFC game cheering for the Bengals, but when I watched the gritty performance by Mahomes I switched my cheer. That guy is amazing even on a bad ankle. Both …
@davidrmoran, you are one of the hardest to decipher posters on this board. You write in code that I think only you understand. Short sentences and acronyms you think others should understand. Write in clear sentences and you will get your point acr…
Extra-topical - But makes you wonder why he was high on AMZN a year ago when it was 30% more expensive but fails to mention it this year?
Thanks @hank. I was reading this segment of the round table this morning. A quick look at PWRCX's top 10 equity…
But I'm married to TRP in the IRA
@Crash, I'm curious and you don't need to answer, but what makes you married to TRP in an IRA? If your IRA is with TRP, they offer a selection mutual funds from other places too, don't they?
I took the same EM ride as you @PRESSmUP. Mine was with ARTYX which trends identical to PDEZX. Very "growthy" with strangely was 45% in US... 25% in China. I made a mistake and towards the fall of 2022 to the loss moved that money to RNWOX. More val…
Could we please just assume that M* is "broken" unless advised otherwise? That would eliminate a lot of repetitive commentary.
Yes, please no more complaining that "M* isn't working". If you aren't paying them anything, you're getting a hell of a lo…
My taste buds are very blue collar, so I'll take a good beer over any of that hard stuff. Add a dozen Buffalo style wings with blue cheese on the side and I'm in heaven.
But back to the topic. No drastic changes for me. I'll sit at about 45-50% equ…
Can someone explain why TIP bond prices are so volatile and trending downward in this high inflation environment?
@Sven, Devo's article in the January commentary attempts to explain.
Thanks everyone for your input. A lot to contemplate and maybe FR funds might be more risk than needed. I did see both the pros and cons for FR in the Barron's article. And gradually investing, as @Sven mentioned, may be prudent.
@larryB, I hope y…
Thanks @msf.
If I take the data from Portfolio Visualizer, from Jan 1 to Dec 31, 2022, RPHYX returned 2.71%. To echo your point, there were no 1 year CD's, MM or Treasuries to buy on Jan 1, 2022 that would have paid that. In betting on which will …
Thanks for the data update @catch. I know in your post you were looking for a trend. I think we are starting to see it forming.
@devo, looking forward to your article.
@hank, I saw LB's article. All I read is saying it may be or may be pretty clo…
I own this fund. David Sherman's CrossingBridge Pre-Merger SPAC ETF, ticker SPC, also gave a .24/share distribution yesterday. Nice Christmas present from these 2 holdings.
Your point is well taken @Crash. At this stage of your life it wouldn't make sense to buy anything in Honolulu. But just living in paradise must be pretty nice.
Rochester was once the jewel of NY state when Kodak, Xerox and Baush&Lomb all were…
If you're home appreciates at a nice investment percent, that to me is an additional benefit. What I always felt most important is when you own, part of that monthly mortgage is paid back to yourself in that you end up with equity. Paying rent, to m…
Ditto what BF said... Nice work @dtconroe...
Barring a huge plus or minus in the stock market in the last couple days of the year, I'll end the year over all somewhere around -11.5%. Better than my Fidelity and TRP benchmarks by a few percent, but …
Great quote @Mark. In general that quote has the same meaning in all processes. It's a rule for statistical process control in manufacturing which was the basis of my working career.
Trying to make constant adjustments to short term events can neg…
Agree Old_Joe. This is not unordinary or specific to WF. It's no different than other cards like Lowes, Home Depot, Best Buy, your local furniture store. Why else would they give you zero % interest on the initial buy if not for the possibly you use…
@Crash, @hank, I like to play with individual stocks too, but I don't think the average Joe, or Mike, makes money at it versus say a plain old index fund. I like Barrons's predictions for 2023 since I started picking up AMZN and GOOGL over the past …
@Old_Joe, I believe hummus is a tasteless light brownish (I will add no more descriptors) spread you put on crackers or dip bread into. Saw it at a party one time. It lasted on the buffet table a whole lot longer than the Buffalo style chicken wings…
Another SV fund to consider is a relatively conservative approach QRSVX. Holds up well in down turns but won't blow the doors off if stocks decide to go full-bull again. 5* fund, mainly small and midcap, but holds about 14% large also and about the …
To state the obvious , there are so many financially smart people here at MFO. Thanks a lot for all the CD information. I'm a better and more observant buyer today than I was 2 days ago.
You still have to be careful that the price is 100, though.
Thanks @Old_Joe. I learn something new here all the time. Out of my ignorance, why is that? Is this the price per unit? I see some options that are under 100 and some options over 100 by fr…
@Old_Joe, my mistake. The CD from JP Morgan was callable. I really haven't paid a lot of attention to that because I've only dealt with CD's and Treasuries duration 12 month or less. And if called - do you really lose anything? Maybe I'm being naïve…
I saw that article too, @sma3. Back in March of this year, I bought into SPC, CrossingBridge Pre-Merger SPAC ETF when the manager, @davidsherman, talked about it here at MFO in a post. It has been very tame since I bought it and has slowly been tren…
Just bought 18 mth CD @ 4.85 at Schwab. That's about the best that I could find there.
That's odd @Old_Joe, At this minute I see 18mo at Schwab at 5.08%, 1yr @ 4.95%, both from JP Morgan Chase. They were there this morning too as 'new issues'.
These vehicles are no where near 6.6% yet, but who knows in 2023. You could throw in CD's with these options too. 1 year CD at Schwab is inching it's way to 5% (4.95).
Well @msf, your very good post was worth repeating!
Hard to believe that RPHYX return of 0.66% for 1 month will be sustained. I didn't realize it took that 1 mo jump though.
And I agree that this fund (any bond MF in my opinion) needs to be look…
That's a question I've been pondering also @Mav123. My 'withdrawal' (or safe) bucket is ~40% RPHYX. It was closer to 50% but I did start moving some of that money over the past few weeks and buying short term, 3-12 month CDs or Treasuries, which eve…
