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@Charles I sent you a message yesterday. Happy for your help, but if the previous instruction sessions are available, I can look at them first.
Otherwise anytime tomorrow or early thursday works. I live in Massachusetts
There are a lot of financial advisors and investment professionals ( other than those that run active non Large Cap funds) who have been riding this wave claiming that they are geniuses at investment. Wonder what will happen when the music stops
Everyone is different. The "bucket" approach has alot of followers, although it is hard to track down M* Christine Benz's original articles anymore.
Still, from a purely intellectual basis, it makes sense to set up priorities
1) Money to live on.…
I just checked some of my M* portfolios and they seem to delete ok and add dividends
Maybe wait a bit? They usually respond to an email. although not quickly
It all depends on how long you think the next bear market will last. You need to have enough cash to avoid selling stocks at the bottom to live on. If portfolio ( or SP500 or whatever index you like) value is within 5% of top sell some equities for…
As he is self employed and an owner of his venture capital firm, he arranged to be paid under the Roth limit the year he pulled this off.
The problem is no one in Congress thought about putting an upper limit on Roth IRA withdrawals when they wr…
Enjoy Western New York! We, too lived in Rochester for five years well before the wineries became so popular.
A friend and I spent several hours in Konstantine Frank's basement "sampling" his wine with him in the 80's.
https://www.drfrankwines.co…
If you are interested, I would encourage you to read Harley Bassman's "Convexity Maven" blog. Even if you do not agree with his concerns about inflation, he is wicked smart and worth listening to. He also has a model portfolio in December with som…
It is bizarre. On the ipad this app is never full screen.
There is also a M* app for the Ipad, which takes you to the full web page, but in horizonal mode only!
I agree that a third party PW manger is probably safer than Apple, Firefox or Google. Both LastPass and 1Password were given good reviews in WSJ recently.
However, I do not use any of the above to store my financial passwords. I have them in an e…
@msf
I disagree that there is an adequate way to "tax" unrealized gains, that would not end up hurting the middle class and upper middle class more ( at least proportionally) than billionaires. So much more of the "billionaires" wealth is in non p…
I think this "true tax rate" is ridiculous headline generating nonsense. They take the total unrealized gain of public companies stock and then claim Buffet and Bezos, etc should have paid taxes on that number. They may be "worth" that on paper but …
Thank you all for the comments and data. I had forgotten you can run a screen at M* for availability, although I too question the validity of the data. Still it beats using the old link that lists purchase information
http://financials.morningstar.…
RIP Ted. The board is certainly slower now!
I seem to remember more details about Benz's re-balancing advice but this is all I can find now
https://www.morningstar.com/articles/840178/article
Christine Benz at Morningstar has written extensively on the "bucket approach" and has a lot of information on re-balancing and the various ways of doing it
Over the years the responses of the "discount" brokers have gotten more and more generic. This is especially true at Vanguard where 15 years ago I had one specific person who I got to know well. However, Vanguard replaced him twice without notifyi…
Agreed. David Swenson's passing points to the initial success he had with Yale's endowment in Private Equity because he was the first one to the game and had good choices, and the where withal to evaluate them. Many endowments who jumped in latte…
I am glad to hear of the TRP issues as I was thinking of moving some of their funds I own at Fidelity to TRP directly.
I have had accounts at Schwab, Fidelity and Vanguard for years and can offer the following
Vanguard is clunky, irritating and p…
I think it is worthwhile ensuring that in the event of a substantial bear market with drops like 2008 and a duration like 1930's you have enough cash to avoid selling at the bottom.
It is possible that it will take five or more years for losses to…
I used to live in New Haven and know people who worked with him. He was truly a very modest man who could have made billions on Wall Street but instead stayed at Yale almost his entire career. He certainly got paid well ( I think more than Yale Pre…
@Michelg I owned LAND for a few years, as diversification and the dividend, but got concerned about the debt level and sold it. It also has a very large exposure to California farms, and the fire situation there gave me pause. My cousin runs an avo…
I too like INFL. While it has a chunk of energy ( 20%) and gold, the other thesis is to concentrate on companies that have less exposure to rising prices of their input materials, but are "asset lite" figuring they will not be forced to raise prices…
I have used M* for years- back when they printed those flimsy paper fund reports- but like many others have been discouraged recently. The Portfolio Manger however remains one of the few (only?) place I know of that will break down your funds and s…
With valuations in everything so high, over 20% of the SP500 in 5 stocks, margin debt at record levels and volatility falling, I am sitting on the sidelines. Once the FED just "mentions" tapering, there will be a significant correction. I am not …
I echo all of the above congratulations and send much thanks for a job well done. Fund Alarm and MFO, thanks to yours and others efforts, have saved me a lot of money keeping me out of loosing funds, and in winning ones, and made me a better investo…
The current "opinion" is that capital gains hikes, if passed, would be retroactive, would apply to people making $500,000 or more. Supposedly step up in basis will only apply to $1,000,000 transactions.
Doubt many folks here will be affected if …
"By assuming that the respiratory droplets are mixed uniformly through an indoor space, we derive a simple safety guideline for mitigating airborne transmission that would impose an upper bound on the product of the number of occupants and their ti…
You can argue that all the bad news is factored into India and Brazil BUT each is only down by 5 to 6% YTD and compared to loss 50% March 2020. If their covid rates are skyrocketing, the impact on local economy is hard to predict. Agree DCA would…
Another day another Glitch
Trying to combine to watch list portfolios at M*
It duplicated all of the positions, doubling my new worth!
And some of them have gibberish symbols STUSA05VHT
I wonder what they did in the back office that caused this…
@MR Ruffles
I am listed as being in "the Research Beta Group" which obviously does not include me in the Beta Portfolio Testing because there is nothing below the giant add on my pages
I agreed to be a beta tester, but all I see is an upgraded home page with the same information ( without the portraits of the band of renowns, thank goodness, who needs to see Benz face day after day after day?)
But the portfolio manger is the sam…
It seems to work for me now, including T Rowe price. But I wouldn't be surprised, as M* is a poor shadow of it's former self.
Their fund analysis used to be quite useful summarizing the funds changes. The new format is obviously computer generate…
https://www.barrons.com/articles/arks-cathie-wood-disrupted-investment-management-shes-not-done-yet-51614992508?mod=past_editions
I am not sure if this article on Wood is available without a Barron's account ( but if you dont have one you should, a…
