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@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.
@Derf no not at all. Two of my 8 funds are floating rate. I hope to consolidate that down to one most likely EIFAX. But the returns in that sector have been very muted this year.
I have made a major overhaul. I no longer need/want to take *any* risk. But before I go the CD laddering and money market route thought I would try something first. I hold 8 bond funds the most funds I have ever held. Sort of a fund of funds appr…
It was a given the open end would be up today based on how far they (the ETFs) were trading above yesterday's NAV. Yesterday the last hour or two the ETFs rallied way above the previous day's NAV forecasting a catch up day for the open end today. …
I see all sorts of signs of a market top or at least a 5% to 10% pullback. The problem is too many others do too. And won't we get that infamous 3 steps and a stumble rule come Wednesday (or is that outdated)
And that divergence grows even more so today. After newsletter sentiment reached multi decades highs in bullishness, now all I am seeing is how technically vulnerable the market is.
I can make a case a reset is coming or has already arrived. But…
As of last night's close 70% cash and 30% bank loan. I have been making adjustments based on personal/retirement issues however. The link below from this site may be prophetic. Let's hope that panic buying day last week is not the reverse of that …
@Junkster Did you trim your bank loan position? It seems to me it should be safe during a correction caused by stock overvaluation. SAMBX is up 0.11% today when everything is down.
On the Feb 23 posted I was 100% junk corporates. Bank loans have bee…
Next month I turn the big 70. I will be making changes in how I approach the markets, risk, and return. I am working on a retirement plan (expenses) but without LTC insurance. I've thought about LTC as well as annuities. But because I am single, …
It's nuts. Trimmed a bit today.
+1 now about 15% in cash. Probably good we are all worried though as markets seldom accommodate the worriers. I don't recall many worriers at the tops in 2000 and 2007. Still, will continue to raise cash if nece…
I agree with you. At least since the market bottom in early 2009 I have seen scant evidence MFOers have beaten a buy and hold in the Vanguard S&P 500 fund. Or for that matter come remotely close. Lots of international and emerging market inves…
Gambling is not a word I want associated with my retirement portfolio.
"Would MFO exists if everyone indexed?"....I wish someone would have forum posted me senseless years ago about the virtues of indexing. It would have made me a lot more money.
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