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Derf said:@gmarceau : By loaded up ,from your post, more than 5% of your portfolio ?I bought a toe hold , less than 1% of my portfolio in GPGEX. It's nice to get in on the ground floor, but some worthy question have been ask about this new addition by the MFO community . The limited AUM was good news to hear. Enjoy the ride, Derf
@gmarceau : By loaded up ,from your post, more than 5% of your portfolio ?I bought a toe hold , less than 1% of my portfolio in GPGEX. It's nice to get in on the ground floor, but some worthy question have been ask about this new addition by the MFO community . The limited AUM was good news to hear. Enjoy the ride, Derf
carew388 said:TANDX has a transaction fee at the 4 brokerages I checked, so I would probably buy and hold the fund as well.
TANDX has a transaction fee at the 4 brokerages I checked, so I would probably buy and hold the fund as well.
hank said:@Baseball_Fan: Re FMSDX - Lipper breaks down its holdings this way:50% Stocks 25% Other 24% Bonds 2% CashWould you happen to know what the 25% “other” is invested in? Thanks.
@Baseball_Fan: Re FMSDX - Lipper breaks down its holdings this way:50% Stocks 25% Other 24% Bonds 2% CashWould you happen to know what the 25% “other” is invested in? Thanks.
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Thanks for the kind words!
Due to age and circumstances, my primary strategic goal is to reduce equity risk.
A secondary goal is to decrease interest-rate risk.
Approximately 25% of the portfolio is currently allocated to fixed-income.
My target fixed-income allocation is 30%.
Today I executed the following transactions in my 401(k):
Exchanged some of Vanguard 500 (CIT) for Wells Fargo Stable Value Fund
Exchanged all of DODIX for Wells Fargo Stable Value Fund
Next week I'll execute several trades in my Roth IRA to complete the rebalancing process.
The one concern I had was that it’s a sort of a best ideas fund and those never become the top performer in any fund company’s roster.
I saw it as a cheaper small micro global option, low AUM, set and forget. They’re growing the next generation at GP, so wouldn’t mind taking my mind off of a lot of my different funds.
I have shifted part of my tactical sleeve to consumer goods (staples, defensive) and utilities. I look for what has done well during the late stage of the business cycle and normalization. Health care and real estate typically do well but are already high. I like SPLV as a simple one stop fund.
I know a lot is shared in fixed income and the like, but I appreciate the non retiree articles the most. I’m currently evaluating my small caps and International/Global funds these days. Always appreciate his articles and his use of MFO to design superior lists.
Agree with you … I expected more from RPGAX.
Starting bond yields are low and the Fed will cease QE before increasing short-term rates probably two or three times. Considering the market environment, I exchanged DODIX for the Stable Value Fund available in my 401(k). DODIX is a fine fund and I plan to reestablish a position at a later date.
TANDX (Castle Tandem Fund)
ARTTX (Artisan Focus Fund)
FMSDX (Fidelity Multi Asset Income Fund)
PVCMX (Palm Valley Capital Fund)
5 YR CDs laddered (3.25-3.55%)
MMmkt (FDIC insured)
IBonds - max amount
Do like Tandem, you can look up archives at tandemadvisors.com, ~30% in cash, invests in companies that can grow, their Large Cap portfolio which is run similar to TANDX..."seeks to produce superior risk-adjusted returns, while minimizing volatility over a complete market cycle. Tandem’s investment philosophy requires that portfolio companies consistently grow both earnings and dividends. LCC differs from Tandem’s other strategies in that dividends must be paid to be included in LCC. Tandem believes dividend growth justified by earnings growth should allow stocks to perform well over time regardless of economic or market conditions. A proprietary semi-quantitative investment methodology is utilized to produce returns that experience less volatility than, and correlation to, the broader market."
TANDX's lower volatility keeps me from janking in and out of the fund, regardless of what noise is in the markets that day.
Like ARTTX as there is a strong thought of mine that there is NO WAY that Powell is going to raise rates...so I hold this fund...keep in mind during this recent Santa Claus rally, $126B was pumped in by Powell...ya really think he is concerned about inflation...jawboning or clown show? Dunno. This fund has proactive risk managment and invests in profitable companies with strong forecasted earnings growth.
PVCMX holds a lot of cash but has shown during a "flush/drawdown" they know what to do and will act.
Here's to a great, healthy, properous and joyful new year to all,
Alts - 59%
US Stocks - 18%
US Bonds - 11%
Intl Stocks - 5%
Intl Bonds - 2%
Cash - 5%
Positions I hold in decreasing order of position size are
70/30 Domestic/Intl Blend Fund in 529 Account
Guaranteed Tuition Fund
I'm adding to WBALX in 2022, come what may.
Fascinated by PVCMX, which I had toyed with - is it really still over 80% in cash? A super safety small cap play, great if you expect a massive "PE Compression" event ahead. You do pay 1.3% for their market timing selectivity.
I'm uber conservative...recognizing I have taken on "risk" by being way conservative past several years...still working, I didn't like being idle as I was "semi-retired" for ~ 18months...so live below my means.
Do recognize I've been ok with this during the past several years but past year have taken it on the chin with "silent losses"...due to severe inflation which appears to be getting worse as we head into new year (grocery store, heating bill, conversations with supply chain/vendor mgr's...many taking double digit increases at the beginning on 2022)
Re FMSDX - Lipper breaks down its holdings this way:
Would you happen to know what the 25% “other” is invested in? Thanks.
As of 11-30-2021:
Equities ex. Preferred Stock 46.54%
U.S. Treasury & Government Related Securities 17.75%
Investment-Grade Corporate Bonds 0.24%
Mortgage Backed Securities 0.01%
High-Yield Investments 14.70%
Bank Loans 6.23%
Preferred Stock 4.52%
Emerging-Markets Debt 3.26%
Cash & Net Other Assets -0.03%
Looks like investment grade credit (bonds and cash) are under 20% of total fund holdings.
Definition of "Other" varies by sites - whatever doesn't cleanly fit their categories of stocks and bonds.
Fido lumps all non-equity for FMSDX into inv-grade and non-inv-grade, and shows very little "Others".
Lipper, M* etc include in the "Other" preferreds, convertibles, real estate, commodities, futures, options, etc. Much of "Other" for FMSDX is preferreds and convertibles.
Our average age is 56 and probably have been on the light side of equities for our age the past 15 years since PRWCX has dominated our investments, but we are okay with that. We'll keep saving, but probably have enough saved for retirement already, just need to keep growing it at a modest rate for the next handful of years. Grateful to be debt free.
Have decided equity exposure is a bit higher than preferred at this point and am in the process of reducing AKREX and moving some of the proceeds into TRAIX and PRFRX for now which is also holding some inheritance monies my wife received recently from her folk's estate. Planning for our equity exposure to be between 65-70% when done rebalancing.