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.
Support MFO
Donate through PayPal
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?
My point was, and I've seen, you will argue any topic on either side, which leads me to think that debating is your passion. It is just what you like to do. Can you admit that? There is a penny difference between statements. That can't logically hap…
Sure it's only a penny difference, but still one of these is right and one is wrong.
Wow, have to agree with @JoJo26 here. A penny??? Why is one right or wrong? Why does that calculation have to be absolute to fractions of a penny? Can't different …
@Crash, I'm tempted to take Gonzaga in our office pool. Can this finally be the year?
@Ted, not in about 45 years, but got to say... those were fun days, from what I remember of them :) .
Stock price be damned. If what it is looking like, forehand knowledge of problems is true, the leadership team at Boeing should be held to criminal charges, even some degree of manslaughter(?) Am I exaggerating here? I hope they are held accountable…
Thanks for the clarification @catch22. Sounds like she doesn't have to file, but like I mentioned, 1040's are sometimes useful for a record of income for whatever life brings. Does she have access to free AARP tax filing for seniors? If so I would r…
I'm assuming her pension+ss+Interest from taxable savings accounts+any withdrawals from a tax deferred account is less than the $25,300 minimum. And she haad zero dollars taken out from any of those incomes (which she would get back by being under m…
Agree on holding MM and/or CDs to reduce risk. I hold 2 myself in 2 different accounts, SWVXX at Schwab and VUSXX in a smaller TRP 401k I'm hanging onto. Both MM's make 2.3+.
The reduced risk for me especially plays out after I retire. The cash is…
@crash, Common good has never been the economic driver of America, unless of course we had a common enemy in war time. From my vague recollection of economic history, the largest divergence between haves and have-nots was probably late 19th - early …
Can't argue the comments here, but I'll point out, a few years ago here at MFO, AQR was one of those "group think" management themes. Alternative funds that will perform in all economic markets. Obviously, no such thing.
It's only 3 months old. What's to talk about? I wouldn't invest in a fund without a tract record, Especially if it isn't the fund company's expertise. But... I guess sometimes gambling pays off.
I would have a hard time trying to make a profit buying BA stock right now. Seems almost immoral to me. I couldn't profit over someone else's loss, someones loss of loved ones. But, that's just one guys opinion I guess.
@Old_Joe, @MikeW, carew388 shows the MM fund I was referring to, SWVXX. I don't know the symbol for the cash sweep, but I keep very little in the sweep, usually < $100. You have to move money between MM and sweep when you want to buy or sell some…
That is a good rate, comparable to a few others. I think my Schwab MM is 2.32% and I believe Fidelity may be a little higher. Best one I see on Bankrate.com is 2.4%. Seems MM and savings accounts are pretty close to 1 year CDs now. CDs have actuall…
@MikeW, Ted posts this link from Bespoken from time to time. A nice way to view graphically an over/under bought market FWIW.
https://www.bespokepremium.com/morning-lineup/bespoke-morning-lineup-an-everything-red-morning/
@Hank, I think Hussman's fund is more of a market-neutral fund than a short fund.
As I've said many times here, none (ok, maybe 99%) of these funds do not beat a plain vanilla balanced fund for return over a market cycle. I just can't understand th…
I would not. Just don't see how the risk-reward would justify that "bet".
Do you know SFGIX, though called an EM fund, is 50:50 Developed and EM markets (per M*)? NEWFX is 55% Developed, 45% EM. DWGAX 38% Developed market. If you look at an "Inter…
This is the articles proposal. But, it's an increased tax on the wealthier amongst us (earning >$400,000/year), so what chance does that have? But, sounds good to me. Not sure how else you sustain the program.
The act does this without cutting …
Ahhh, mid 40's. I was there once.
...when I hit retirement I still expect to still be practically all-in on equities as I am now in my mid-40s. While I won't be 'diversified' across so-called "asset classes" I will be 'diversified' by my own comfort…
@MFO Members: I would love to count all of Old_Skeet's funds, but I don't have enough fingers and toes.
@Ted, I believe you just came up with the perfect 'rule-of-thumb' for how many is too many!
My newest challenge is formulating a Cash/Bond bucket that will serve as a retirement income funding source for yearly withdrawal as I turn 59.5 next month
I'd be very interested in what you come up with @bee. I know you research very well.
Nothing wrong with a single fund if it has a diversified portfolio, like a Retirement fund. This one does not. Not even close. I don't think GMO ever suggested a portfolio of 1/2 international and 1/2 domestic and nothing else.
@STB65, have you us…
I have suggested, to him, that he take all fund distributions in cash and stop the automatic reinvestment process since he is now in the distribution phase of investing.
I think that is good advice to your friend @Old_Skeet. I'm not at distribution…
This is an exercise in file management. Less to do with investing. A single TRP retirement fund would likely result in simliar returns (but that's probably same argument for what I do.) You enjoy doing it so that is what's important.
Nice article. My own contention is fund collecting is detrimental to returns. I think Tom was trying to be kind in his comments.
A couple worth while comments:
So you can see how some investors' portfolios can grow quite large. Will these investors…
@Old_Joe, I can tell you what one young couple had to do to own a home about a year and a half ago.
My son and and his girlfriend, who later became his wife, moved to San Diego about 14 years ago. They loved California, no snow!!! In 2007, Ryan cal…
