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
davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
my daughter in years past has never looked at her portfolio more than once or twice a year and is a calm believer in holding and not fretting and riding-out, so she probably does not need an adviser for handholding and such, like most of us
I am wo…
Without any heads-up, one of my kids moved all her investments (brokerage plus sundry retirement accounts, all willingly / mutually set up per my advice and suggestions, meaning DSENX, FLPSX, and WEMMX chiefly, iirc) to a financial adviser who appro…
@LB, is not another part of the arg that equity alternatives like bonds and RE are 'permanently' (whatever that might mean) shifted to lower than in the past ?
another wrapup
https://www.forbes.com/sites/kristinmckenna/2019/12/27/want-to-leave-your-kids-an-inheritance-they-may-only-have-10-years-to-take-it/#f258b2a6a14d
to suggest something perhaps offensive, perhaps it is or should be assumed that readers here either will know or will have googled for common terms of art: mf, etf, etn, cef, oef, er, cagr, apr, even ebitda, etc.
>> pension and RMDs, both of which received favorable tax treatment specifically for retirement.
The selling point of the 457b (IRAs too) in the 1980s was that one’s retirement tax bracket was going to be lower than one’s working tax bracket.…
@msf, acronyms were in friend's original, copy-paste, not 'my use'.
MTRB to oldtimers, although he's not a teacher.
Massachusetts Teachers’ Retirement Board: MTA article last week: https://massteacher.org/news/2019/12/gorrie-and-naughton-win-re-e…
A different take from many --- a mid-70s retired friend who has one adult child and who has worked most of his career for the state interestingly explains his new 457b retirement-savings situation:
... my daughter is [the one] screwed over, in tha…
@bee, 12y ago at 60 I was in something of your situation in terms of holdings, probably not as thoughtfully and with less backtesting ... but now, as I have posted before, I am simplified to ~60% or a bit more DSEEX and the rest divided among FRIFX,…
@hank
>> Running is tough on some body parts like knees.
sure; just got my second knee replacement, following both hips recently too.
Never a runner of any distance, just sports sprinting.
>> I get the feeling a lot of people in …
edited after consulting the legacy M* graph interface ---
good patience --- $10k held since midsummer '79 has grown to $589k, woohoo
(triple that for FCNTX)
I’ve got about 7.5% of my IRA invested in Fidelity’s real estate income fund, FRIFX, and consider it part of my bond/income allocation. Its yield and long term returns are comparable to some of the better high yield bond funds. What I like about is …
yeah, will be interesting to see any slump tomorrow, which would be rare for a Fri in any case
I sold some DSENX today and am hoping (of course) there is not another 300-pt jump tomorrow
@davidrmoran " need to keep up with changing times" - I am too set in my ways to keep with changing times and it doesn't bother me one bit.
nothing to do with being set, just living in reality
you wrote:
I’d rather pay for a good daily newspaper…
oldfashioned has nothing to do with it, you just need to keep up with changing times
what you want is largely unavailable in many towns and cities, though not all
I meant see if you can get some of what you wish for from a local civic or regional …
Have you not participated?
There is none. It is self-policing, mostly effectively so. Not talking about social media in general, just community postings and bulletin boards and such. Lots of good back and forth. Like this forum at its best. Except…
roger all of this ... was not recalling sufficiently the days only ~20y ago when local papers had an editorial staff of more than one, with beat stringers who were savvy and experienced
outside boston as local papers have been glommed together or t…
facebook groups and email lists and the like are way more up to date about town meetings, business closings, school schedules, sports, gossip, police logs, firings and resignations and hirings, and everything else --- a local paper cannot come close…
All media is full of problems and they have done it to themselves - life is now one big infomercial.
Sometimes it seems so, and yet at other times, like this week watching cnn and msnbc, it seems like a golden age of intellect and analytical eloqu…
it sure does bother me that I have so much money (2/3 of total nut maybe) with this guy's DSEEX fund when he goes off like this on occasion
not that his opining has to do with its automatic operation
performance information is being updated, a little behind real time in my experience, and sometimes you have to start over w the single listing, in other words not just punching F5 for a refresh of the five you were comparing ...
I wonder if this affects / will affect CAPE and DSEEX.
I remembered that Nocera piece only because one of my kids was in B-school at the time and commencing formal study of VaR, Taleb all the rage. Also I was making then losing money with Novastar.…
it was in all the discussion a decade-plus ago, taleb et alia, and nocera wrote a funny (sort of) piece about it and its limitations:
https://www.nytimes.com/2009/01/04/magazine/04risk-t.html
or maybe they want to pay for what is already committed, including all those wars.
social program expansion would be good for all, though; higher taxes would be good for all, also; you need to read the literature on this.
as for your socialist rep…
I am selling / have sold a bit of DSEEX, PONAX, which are my pillars, also some PCI, then leaving those moneys in cash, and also PDVAX and FRIFX (which I'm really going to increase regardless, admiring its longterm steadiness).
If I am nervy I sha…
