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.
It is worth knowing that Dan Weiner who has published the Independent Advisor for Vanguard Investors (for decades), long ago felt Hynes was doing such a poor job running VGHCX that he advised his readers to sell it and just use the Vanguard Health C…
So far I am up 1% this year but only because of energy and commodities. Value has done better than tech "but you can't eat relative performance!" The winners are just basic stuff, ie oil and DBA, because my small positions in water, rare minerals…
I have relatives who have driven TSLAs With the AC on Radio etc, the range is no where near 200 More like 125 to 150.
Everyone is holding their breath for the Truck, but who wants to spend that kinda money on a vehicle that won't go cross country …
Those of us who can remember Dreyfus Liquid Assets Money Market fund paying 12%, CPI at 14% treasuries at 16% and mortgages at 18% suspect it could worse.
The DJI was 600
Anybody else tempted by ATVI? It is almost $20 below MSFT price ( 95-78)
The market obviously thinks there is a sig chance the deal will not close, but Buffet obviously disagrees
What I find interesting is Warren bought more stock this last quarter than usual. If he expects a significant downturn, I would have thought he would wait.
However Activision has a floor under it with MSFT purchase and the other big buys were ener…
Early in retirement, the last thing I need is holding a large equity allocation in a prolonged bear market, so I am at my personal low end of stock allocations. I am marginally positive YTD overall, with overweighs in Energy and commodities and und…
BTW it looks like BPTRX still is loaded with TSLA.
Yesterday TSLA down 12% BPTRX down 8%
I have whittled my daughter's position down to 3% of her account. I would sell it all but she has a 400% gain.
I looked at the loan agreement and think it says ( I am not an accountant or lawyer) that is TSLA drops 35% from the price at which loan starts ( I don't think they pony up money until deal closes) Musk has to put up more cash ( not more shares)
Be…
@msf
The OID were all listed as "OID " in the title of the bond, so they were original issue.
There are not many bonds listed today ( Saturday) so I can't check if there were any OID bonds on Vanguard and Schwab for short term, but I think not. M…
In Taxable accounts you might look at individual munis bonds too.
High Quality Massachusetts ( GO and Harvard) 1 year bonds pay 1.7% tax free. Two years 2.2%
There are a lot of OID bonds selling for below par, but I have to look at tax consequen…
I have always bought the CD version , not really trusting TT online, and my tax situation is fairly complicated.
But my son used the online version last year, as it was cheaper or free( ?) He found he couldn't print a copy of his return.
Rather th…
Not just simple DUI. Original charge was felony resisting arrest with violence.
It shows up in SEC because he apparently lied about it on disclosure forms for SEC and Florida regulators
It is a difficult year, especially and the "bond ballast" has sunk.
My wife and my retirement accounts are up about 2.4% as we are overwieght energy and commodities, but still only 30% in equity positions. Recent Value focus helps too
Non-retirem…
I dont think it is unique to Fido. Vanguard is awful most of the time, made worse by incompetent backroom technology. While Schwab assigns me to a (usually) long tenured ep, who is a nice guy, he frequently turfs questions like those to the general…
A short term ladder starting at 3 mos will still pay more than cash
Apple bond due 9/12/2022 is 1.1 YTM 0.91 YTW
2% coupon but unlikely to be called I would think
1.1 beats negative 2%
Schwab still lists RCTIX as $2500 minimum but with $50 fee if anybody is interested.
But I think I am out as well, when the manger disappears
But there are so few alternatives that are not under lots of water.
Anybody else a bit concerned that RP…
I can't see inflation is controlled. Supply chain to China in worse mess than last year, due to Covid. Ukraine production of commodities will be hit bad, and will take time to trickle through the markets, although the recent spikes are likely an o…
@hank
I think it reflects the "market's view" that the fed is way behind inflation which will continue to soar, so people want much higher short term rates
but it is likely that a recession will start and long term rates will come down
Apparent…
@Charles
More info on ETF bond ladders here
https://www.invesco.com/us/en/insights/how-to-build-a-bond-ladder.html
https://www.ishares.com/us/resources/tools/ibonds
Detailed analysis of redemptions and returns of ishares ibonds going back to 201…
Federal funds rates do not reflect the real interest rates changes his year. Treasury yields have gone up much more in the shorter maturities than longer.
Last three month changes
6 mo treasury up 0.78%
1 year 1.2%
2 year …
@JD_co
I think it more likely reflects peoples' continuing belief that stocks will always go up, but they find it hard to see how a bond paying 2% will go up when interest rates are going to 4% and beyond
I wonder how many investors in this mark…
@msf
I was referring to VTMFX, but it has the same info as VMINX; supposedly $74.95 fee to purchase.
But when I put in a dummy trade, without completing it, the transaction fee is listed as $0.00.
I could have started a chat with Schwab but got …
You can go all in on the interest rate trade and short treasuries with an inverse fund TBF or TBX.
If interest rates continue to rise, PFIX will continue to do well.
Or look at funds that have not crashed so far this year. RCTIX ICMUX RPHIX are d…
@PRESSmUP
That is good news. You are correct that even as late as last fall Schwab said not available.
It looks like there is no purchase fee but $75 short term redemption fee. I have emailed Schwab to confirm.
But given above info, not sure I …
Thanks for the link. Looks like IWB + ITM beat the others with a little higher volatility than VTMFX.
This is even more interesting because of the higher expense ratio in the ETF (0.24 and 0.15% vs 0.09% for VTMFX)
Interesting after all the fuss V…
I kept my Vanguard account basically for VTMFX. This is harder to duplicate that VWINX ( or if you have $50,000 VWIAX.
VTMFX has er of 0.09% and is 50% VWIUX and 50% VTCLX, although the % apparently vary a bit. Unfortunately there is no ETF versi…
I put some money into GASFX decades ago when I was convinced nat gas was the wave of the future. I was obviously right, but 20 years early.
I would be cautious with GASFX, if you want to invest in natural gas, as it is essentially a utility (80%) f…
It is a bad year for Munis. I sold what I could without taking large gains in VWIUX ( Down 4% YTD) and kept overall duration low with VWSUX ( down 1%) and VMLUX ( Down 2%).
I bought NVHAX, figuring the good economy would keep the default rate in l…
My parents bought LTC insurance that reimbursed my mother about $45,000 for the last year in Assisted living ( not a nursing home or SNF) at a max $108 a day out of a total allowable benefit of $130,000.
I don't know when they purchased the polic…
So sad to read of his passing. I also want to send my deepest heart felt condolences to his family.
He died way too soon, at only 70.
I too bought Mutual Shares as my first mutual fund in 1989 ( or before, but that is as far back as my available r…
Romick also runs FPACX which is a sorta go anywhere moderate allocation fund that used to have stellar results with low risk. ( I think David has a chunk in his IRA, but I could be wrong. At one point it was closed although Schwab had special shares…
