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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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
I'm lightening up by the end of the week. Having ~5% on short term money makes the decision easier. Make sure you have an income stream identified. Mexico and Canada will retaliate with tariffs once Trump takes the first step. Next week might be mes…
Institutional investors can certainly influence an index. Average Joes contributing to their 401K's can certainly shift their contribution directions, and their base holdings...but usually not until the damage has been largely done.
The interview with Charles Ellis was very good. If anyone is interested, he also made an appearance this week on Bloomberg's Masters in Business...an interview show hosted by Barry Ritholtz, who I find well worth the effort to follow.
https://ritho…
JQUA is on my Schwab watchlist as a future buy. But…while the S&P may indeed be up at year end, a correction is overdue, and won’t be insignificant. In my opinion, of course.
I give JPM credit for coming up with several innovative products to generate income in a portfolio, for both equities and fixed income within actively managed ETF wrappers.
@bee
Yes, I passed the Optimal Retirement Planner around to several people when you placed that in a link a few years back. It really was valuable.
Related to that, in a Rob Berger post I was reading this morning regarding Tax-Efficient withdra…
"Has Schwab removed that restriction on MM? "
No, MM funds are sold at the end of the trading day, and the proceeds are not available until the morning of the next trading day.
And when you purchase a Schwab MM fund, it states precisely that prior …
I sold out of about half of my current MM positions. In taxable I added to NUV which sports a 4.43% tax-free income. In the IRA, I added to JPIE, and initiated new positions in JPST and PFFA. These changes lift the current portfolio distribution per…
Treasury Secretary Scott Bessent gave representatives of the so-called Department of Government Efficiency access to the federal payment system late on Friday, according to five people familiar with the change, handing Elon Musk and the team he is l…
Resting 500s starter position in AMLP filled this afternoon. Happy to add more as appropriate.
That fund and related holdings have had a nice run over the last 4 years. Quite the chart. I've got to think the trend is your friend absent a black swan…
Citigroup has had a nice run over the last 2 years as Jane Frasier's realignment of the firm is bearing fruit. I sold my IRA position in C and will be adding JAAA at month end. Citigroup maintains its position in my taxable account.
@WABAC
On the Osterweis (OSTIX) quarterly webinar today, they mentioned staying short, 1.5 years because they’re not being sufficiently rewarded for taking on additional duration risk.
Last week I sold out of PONAX and WCPNX...leaving OSTIX, JPIE, NEAR, PDI and a handful of muni's in the taxable account as the current bond positions. The fluctuation of interest rates is unsettling.
Osterweis is having their quarterly webinar to …
@msf
"Color me skeptical. Money managers like Vanguard and Fidelity tried to do this and failed."
No doubt. But your Barron's article suggests why my portfolio is perhaps different than that of those 2 firms..." One hurdle: Managed payout funds ha…
An annuity-like distribution is certainly possible. I'm using a combination of funds such as SCHD, DIVO, NEAR, JPIE and a handful of dividend paying stocks and CEFs which comprise 2/3 of my portfolio to generate an annualized portfolio distribution …
@bee
Thanks for the thoughtful, and timely article. As I believe we're due for a substantial correction and what many pundits are forecasting what may be a replay of the 2000's "lost decade", allocating a portfolio for generating reliable passive…
In my IRA, I sold off DODIX and added to an ever expanding mound of dry powder in SWVXX whose principal value is unconcerned with interest rate fluctuations.
In taxable, GSIHX and SGPG were sold. I added 10% to existing holdings in SCHD, DIVO and U…
I've asked myself the same question.
The 12 million people who are on the list to be deported do in fact pay federal-state-local taxes, state sales taxes, and property taxes. The Institute on Taxation and Economic Policy estimates that for every 1…
@BenWP : it's striking how dependent we've become on internet access in our daily lives. Hopefully AT&T brings their fiber to your neighborhood, as combining my mobile account along with internet and their TV offering (currently Direct TV) has s…
No interest in that, just a confirmation of why we don’t want to cut the cord in favor of streaming.
Which "cord" would you have an interest in cutting?
From Kathy Jones, head of Fixed Income at Schwab..."Fed Cuts Interest Rate, Projects Fewer Cuts Ahead"
https://www.schwab.com/learn/story/fomc-meeting?hss_meta=eyJvcmdhbml6YXRpb25faWQiOiA3NDYsICJncm91cF9pZCI6IDgzMzQ2MSwgImFzc2V0X2lkIjogMTkxMDYxMywg…
I sold out of GSIHX within my IRA, and with the proceeds I bumped up NEAR, BTO, HTD and plugged the balance into SWVXX. With impending tariffs, I'm a bit unclear what the near term future holds for areas in which Rajiv Jain operates internationally.
@BaluBalu ...I've owned this for over 8 years, so it's certainly not a Trump trade. It's a play when FNMA exits from conservatorship where they were incorrectly/illegally positioned many years ago. If I remember correctly, it was the one thing in Br…
@BaluBalu ….it stabilized a bit this afternoon. It spiked up to be my third largest individual holding yesterday, but I’ll continue to watch and wait. Some folks with deep pockets close to Trump have a boatload…Ackman specifically.
