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With valuations in everything so high, over 20% of the SP500 in 5 stocks, margin debt at record levels and volatility falling, I am sitting on the sidelines. Once the FED just "mentions" tapering, there will be a significant correction. I am not sure even then I will jump.
Yes, what I have invested will stay invested. But I'm not buying at these levels, apart from a monthly auto-scheduled $100 into bond fund PTIAX. I am majority-bonds these days. After a day like today, I guess I'm glad about that! (Tues. 04 May, '21.)
Yes, been holding them for years, and now into retirement. Reduces the volatility, and the dividends make it easy to wait for better days for bond funds. I can own bonds at pretty damn good interest rates through the funds, which I could not do on my own--- since I'm not independently wealthy. PRSNX. RPSIX. PTIAX. Plus bonds held in balanced funds PRWCX and BRUFX.
I, too, would use ETFs as have @carew388 and @davidmoran for new purchases. CDC makes sense, as do other value leaning funds: AVUS, DSTL and COWZ for large caps; AVUD, CSB, and CALF for small caps. For dividend-focused funds, I like VIG and SCHD.
Comments
current yields:
PRSNX. 3.04%
RPSIX. 2.73%
PTIAX 3.81%
PRWCX. 1.01%
BRUFX. 1.92%
(And when did this goddam computer decide FOR me where I wanted periods inserted--- where they DON'T belong?) DAMN machines.
Luck of the market plus a little bit of my paying attention and assessing the froth.
(have been misassessing it again and again and again for over a year now of course)
Shiller p/e is meaningless, but I am thinking it will not stay near 39 forever, ffs. He said.