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.
Optimistically, at some point the tariff war will end…either via Congressional action or otherwise.
So….it makes sense to compile a buy-list. It’s funny, over the last year or so I established via Schwab a number of alerts for positions I would rea…
Odd...for me, the Schwab summary page for my account shows an abnormal decline for JAAA. But selecting the holding for more detail shows a nice gain.
Appears to be a Schwab reporting bug. Or the summary page is getting a head start on the ex-div …
I own several relatively short duration funds, and all have some odd price action today. Those would include JAAA, NEAR, JPST and JPIE. Not making any changes, but am simply watching. My preferred fund holdings have been doing well. Muni's also.
Municipals provide a tax break for the masses with an attractive taxable equivalent yield. If I had a team of accountants developing a cascading scheme of tax dodges, I wouldn’t have need for them. I’m afraid there’s a reason multiple articles poppe…
@sma3. I’m heading to Switzerland/Austria in 2 months. Fortunately, when I was in Canada last fall, I picked up a fleece with a Canadian flag on the sleeve. I’ll be wearing that.
This was preceded by Canada rethinking its F-35 purchase.
With all the chatter of a possible F-35 kill switch, it’s a smart move. Even if not true, the “kill switch” would come in the form of turning off support/updates to software, firmware and ha…
@Mark ...at this point, they could stock all the Jack Daniels Kentucky would want to send them, but I imagine that the Canadians have lost their taste for the below average spirit.
Mike Johnson had his members flee Washington after passing the bill in the House, preventing any changes prior to shutdown.
The Senate must reject this rancid budget bill.
It appears that the tariffs are simply meant to weaken Canada economically, as their economy is very dependent on exports.
So...punish to what end? Well, when the White House Press Secretary was asked why Trump refers to the Prime Minister of Cana…
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…
