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@Junkster,
Thanks (I think).
Don't confuse (1) observing daily performance of various funds and sectors with (2) short-term monitoring/reporting of portfolio return.
I watch daily activity strictly for educational value. For example: If interest…
Good points Hank. I agree with you on this reporting of short term results and will abstain from it in the future. That is what got me riled up in the first place. The thread begins about who saw red in their account and then the egomaniac someho…
PCI is still retains a discount although. Narrower than in the past.
Separate question: Do folks regard PONDX/PIMX/PONAX as a core holding or a high yieldly satellite? Just curious what folks like @junkster, @davidsnowball, @mikem, @oldskeet think?…
I will say it one last time and be done with it. He who speaks in the third person misrepresents his returns. Take a gander at catch22 post. What is so hard to grasp about that. What is so hard about looking at beginning of year balance and YTD…
Not so ... @Junkster, I started reporting both ways about a year ago. And, more recently reporting only investment returns. Where is it listed or detailed that there is a standard on the forum for performace reporting? Sorry, you are having diff…
Hi @Junkster,
Thanks for stating your position towards my portfolio reporting.
Yes, these are investment returns excluding the cash sleeves. Look a couple post above mine with what Ted posted as his portfolio's return. For what it is worth, I'm …
Hello,
Old_Skeet's portfolio which totals 47 funds ... for the day and for the week ... all green. And, currently, no red year-to-date or for the rolling twelve months either. The worst performing sleeve is my small/mid cap sleeve found in the gr…
I've known good and bad. One of the best is in my small rural town of 14,000. Not a popular opinion but being a big believer in transparency I think investment advisers' personal accounts should be part of the equation. If they cant manage their …
http://www.marketwatch.com/story/beneath-the-glow-of-stock-market-records-darkly-bearish-trends-are-lurking-2017-08-04
From a few days ago. The last paragraph is particularly ominous.
Edit: Complacency is rampant. I would love to see somethin…
I don't see much compelling about junk corporates now. It was mentioned in February of 2016 that junk may be the place to be.as well it was with junk and bank loans leading the way throughout the rest of that year. But why all of sudden now after …
PCI is still retains a discount although. Narrower than in the past.
Separate question: Do folks regard PONDX/PIMX/PONAX as a core holding or a high yieldly satellite? Just curious what folks like @junkster, @davidsnowball, @mikem, @oldskeet think?…
It sounds simple to buy during a bear market, but the facts are that people buy during the bull market, and will sell during and after a decline. I heard that a guy by the name of Robert Prechter has an amazing history, so he says, of predicting th…
@Junkster Your comments on bond funds always are important for me! So you are leaving IOkFIX because of a rather small decline during two days, or because it is known? Of course PIMIX is much more known. My impression was that IOFIX momentum is onl…
IOFIX not unknown any longer as it's now on stock charts.com. Am paring back today and then go from there. We just had two consecutive daily declines (excluding ex dividends days). A first for the year. Will be hiking in some off the beaten path …
Hi @Junkster
Yowie, eh?
IOFIX = +29.9%
PIMIX = +13.4%
http://stockcharts.com/freecharts/perf.php?PIMIX,IOFIX&n=521&O=011000
I double checked the performance math against M* and indicates correct.
I have not reviewed IOFIX magic sauce,…
PTIAX largest sector allocation as of 3/31 was non agency RMBS. I would wager they have increased there since that time. From a link I posted elsewhere PIMCO is buying everything they can there as it offers the best yield and fundamentals in Bondl…
Interval funds = another gimmick/fad offered to retails investors under the guise they are being being offered the privilege to invest along side of the big boys. But maybe I am getting old and just can't grasp why anyone in their right mind would …
Entering today I am 50% IOFIX 38% PONDX and 12% cash. Can't say I am very confident about either equities or bonds and worry about increased volatility. But then I always worry with tight exit points and never get married to any position.
After 3 consecutive losing years emerging markets bonds came back to life last year and in 2017 lead the pack in Bondville. With a deteriorating dollar and improving emerging markets economies I see no reason why that should change. Historically t…
Not so fast. While it could be a one time "blip" in 2015, that the US life expectancy for men and women did in fact decline for the first time. If it holds up and the decline continues, the probable reasons are...
. obesity epidemic
. opioid epide…
I'd beg to differ, at least slightly, on a few points. Risk does not matter more in absolute terms. You can eliminate almost all risk and get almost no return and that's not really what matters most. Risk matters when you don't have a long enough…
The S&P is leaving me in the dust this year. But at 70 now I have different priorities. I need a 2% annual return to not have to dip into my principal for living expenses. So slow and steady for me. And why I don't want to start spending do…
Yes, someday it might matter........ The high yield (junk) muni bond funds hold and have held for many years a lot of Illinois, Chicago, and Puerto Rico debt. Yet, the junk muni bond fund index is right near all time highs. Many are up over 5% YTD …
Certainly the last 3 years have been subpar. But Rolfe's selective approach to equities isn't always going to be aligned with the overall market. Their 10 yr return still holds up due to their outperformance in 2009.
You can peruse longer term…
Would like member's thoughts on this fund. I've held it for 4 or 5 years although I have reduced my holdings in it at least once. When I read the Manager's reports, he sounds like just the guy I want looking over my money. But then there's the perfo…
Has been a bit of a stealth bull as this sector is beating all the taxable bond sectors YTD except emerging markets and preferred. In my 5 bond portfolio had swapped out of FCFAX into PYMDX. Unfortunately not a huge position yet. @SlowLane was tw…
"The instititional version is a tad better but not that better."
True. Just the very little bit better that's needed to give the institutional class an extra star. (An artifact of star ratings being discrete; 1.99 stars are not given out, only 1 …
I'm confused as to how it can be both "2.20% over the past 3 years" and "3.5-4.5% every year except 2012". Surely one of these two statements may be in error?
I am going by Morningstar and the retail class RPHYX. The instititional version is a tad …
Right. It's part of a cash-management portfolio. Roughly 3.5-4.5% a year with negligible volatility.
The reasons we offered for folks to consider it were: 300-400 bps more than a money market, minimal volatility, protection against rising interest…
SPFPX outperformance the first three years was due to its miniscule assets under management. So miniscule that a couple of us on this forum held something like 15% of its total AUM. Since then AUM have skyrocketed and as Ted said it has been run o…
Do I love BBALX? Nope. I respect it as a well-designed tool. it's cheap, disciplined and less subject to manager risk than a purely active fund. Is it the right tool for your project? Don't know. But I have faith that you'll figure it out.
I didn't…
From my life experiences I have always found those with a high IQ tend to be a bit inflexible and overconfident. Not traits associated with being a successful investor or trader. They were all great at chess though!
I went to a private Catholic …
You would be far better off putting your grandkids in an S&P index fund. I agree with Mark about Buffet's advice. MASNX and BBALX are far too conservative for someone young and hoping to accumulate wealth over a lifetime.
@Old_Skeet as of today's close hold five funds. Old habits are hard to break. I will sell any losers/underperformers in favor of the ones that are outperforming. PONDX IOFIX FCFAX TGINX and DODLX.
I should also add it's not so much the size o…
Hi @Junkster,
I learned along time ago ... Happiness comes form within and that is something money can't buy. Some folks need more than others to retire. 2.2 mil is a lot by some standards and not so much by others ... perhaps they feel they need…
Deleted post. I am old, single, debt free, live in rural America, and have more than enough for future needs so my holdings (now down to just two) would have little value to anyone else.
Junkster....those of us who are old, single, debt free a…
Deleted post. I am old, single, debt free, live in rural America, and have more than enough for future needs so my holdings (now down to just two) would have little value to anyone else.
