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.
I suggest we just move-on.
We are thinking the same thing (sarcasm for those who get it)
Anyway, I have to admit I agree with his "take the money and run" Regardless, I also agree there is no right or wrong answer. However, one tenet I absolute…
"And all a result of a couple years I spent as a futures broker way back in the early 70s."
If you were a futures broker, what do you think of futures exchanges (ICE, CME) as investments?
Scott, stocks are not my bailiwick. Plus, based on the w…
Franks Holmes loves to talk. His free e-newsletter is one example of excessive "word-smithing". Most of his funds have been destroyed by commodity deflation.
Here's a link to all of his funds and their performance...nothing but poor performance and…
msf says >>>The bottom line here is that if you've got an average life expectancy, then it looks like you need to be able to invest for around a 7% nominal rate of return with zero risk to do as well as by deferring SS. The more uncertain…
Based on where this thread has headed, maybe I should clarify my comments of..... "I am a boring kind of guy! I spend my time hiking between Kentucky, Tennessee, and North Carolina. ............Unlike a lot of my hiking buddies, I have no desire …
A question for some of the more enlightened here already in RMD mode. If you plan on taking your first RMD in December of the year you turn 70, I assume you have to adjust your quarterly payments for this event? Meaning you will have some rough i…
I have the time, money, and health but I am a boring kind of guy! I spend my time hiking between Kentucky, Tennessee, and North Carolina. Did you know Kentucky has more arches than any state other than Utah and Arizona? And Tennessee is full of b…
This is going to sound contrived but it's true as true could be. A hiking friend of mine always use to ride me for taking early benefits. He was a meticulous planner and had some longevity genes from his parents. He was fit as fit could be, no re…
Many thanks msf. I read and then bookmarked that on supplemental insurance. I may have to rethink and will do more research. I had my first surgery as an adult as soon as I tuned 65 and thought (may have to review that closer) that the supplemen…
Edit: Wait till you get to 65 and Medicare. In my opinion the greatest thing since sliced bread. But you have to get the supplemental policy that covers 100% of what Medicare doesn't pay.
How much does medicare cost for a single person and the…
Dex and John Chisum, couldn't agree more. In older age, live life pursuing your dreams and passions while you still have your health! Or any age for that matter.
Dex, everyone here enjoys your retirement articles including your personal journey. Did I miss it or have you written why you retired at such a young age? I took early SS at 62 (4/09) and have not regretted it in the least. That was money I didn'…
If Mr Gross was of his stature in years past, this article would be generating a lot of buzz on this board. But now he's just another prophet of pessimism, the likes of many we have seen since 1982 (not sure where it gets 1981) Still, an interesti…
bee, I *rarely* buy anything recommended by another as I like to do my own research/monitoring. But I must admit, much of the reason I had a good 2012 (better than the stock indexes and junk bonds) was entirely your doing. You were a vocal propone…
I had read that article and while not necessarily disagreeing (Marty Fridson the junk bond guru feels likewise) markets don't usually top amid gloom but ebulience. It's encouraging that junk is outperforming not just everything in bondland in 2015,…
Just another perk of being in the demographically "elderly" class (over 65) and financially secure category. Not so much so though for our kids and grandkids.
Deleted post and graph. Speaking of one-fund lazy retirement portfolios, I tried to compare the two conservative five star funds listed here with my beloved junk bond funds over the past 10/15 years. I used one of my favorite five star junk bond f…
Puddnhead, Ted's link says it all. This is a totally different market than the corporate or muni junk arena where I tread. As an aside, the corporate junk market has been strong in 2015 outperforming many equity indexes ala the Dow, S&P, NYSE C…
Maybe Ted will now tell us how he really thinks! ;)
Oh, yeah, I am selling JAHYX and buying HFRZX.
The resilience of the open end junk corporates has surprised me this week. I sold some (put 15% in bank loan) but may have to go right back in if n…
Didn't read the article, but I would think keeping your mind active as you age is just as important as exercise in old age. I can't think of any better mental exercise than following the markets. When I was young I use to sit in the brokerage board…
"Time for the bank loan/floating rate funds? "
I have had DLFRX on the watch list for some time now. Maybe it's time?
Not bad at all and you may want to check out EIFAX or HFHIX too. I may go into SPFRX if I can figure out how they are performing…
i think we have at least 5 more years of this low interest rate environment. It could be more. The debt, aging population, unemployment, wage stagnation will help to keep it down.
I hope you prove prescient. I would be thrilled with just a year …
It is a shame that you didn't enjoy your younger years. I try not to tell myself, "just wait until retirement", but I do try to make the most of the present.
OK, maybe I exaggerated a tad. But my 20s did suck. I was a lost and aimless person t…
I haven't seen Lou in many years, but I do remember his show back then. He was pretty darn entertaining, I must say.
I hope not because you would be like that character in the Bruce Willis movie whose most famous line was " I see dead people"
@Junkster, regarding your thoughts on old age, perhaps you are correct in general but remember that stuff happens once you get past the age of 50 or so. I was doing well then all of a sudden I was fatigued. Type 2 diabetes. Diseases have a way of …
Dex, love that someone here has finally talked about their annual expenses in retirement. I live in a real low cost of living region of the country and all my *single* friends that are retired live *very* comfortably off $32,000 to 42,000 yearly. …
Speaking of dentists..... and I am sure after saying this I will need immediate dental attention next week...... My last visit to a dentist was June 1969. I have always had good teeth most likely because I chose my parents well. My 94 year old M…
Speaking of emerging market debt, here's a recent article that doesn't exactly make you want to run out and buy them. But as one of the reader comments stated, maybe just the opposite. Meaning, when prices are rising amid these type of doom and gl…
I'm still 100% in HY Muni bonds paying me about 5.1% - only state tax. Munis haven't seen capital appreciation this year. My guess it is the possible Fed increase later in the year holding them back.
My current plan is to stop the re-investment…
On the inaugural show of the new Wall Street Week, Mr. Gundlach mentioned that a crisis in junk bonds was coming. I guess he knows the day and the hour when it will begin.
http://m.wyff4.com/money/junk-bonds-the-next-financial-crisis/32465346
Gund…
Agree Derf, the next overdue bear market will dwindle that already miniscule percentage. Nice post clacy! If SS is your only source of income, my rule of thumb (subject to debate of course) is a debt free single person needs $2,000,000 and a debt…
@JohnChisum
Make that 2 folks here, who have not eaten there.
Perhaps a more radical circumstance; is that although I am a coffee drinker, I have not had anything from a Starbucks.
+3 Then again, I have the absolute worst diet of anyone on this …
Talk about an aging mind! When I said the two most frequent panelists were Michael Holland and Carter Randall was I confused. I meant Frank Cappiello not Michael Holland. At least Mr. Cappielo wasn't as bland as Mr Randall - the eternal bull. Th…
@ Junkster (& others):
It was Eddie Brown. Still around. "Brown Capital Management"
Pretty impressive guy from nowhere/nothing...
As Old_Joe said "good work". I remember him well now that you have jogged my aging memory.
I would wager no one on this forum was as addicted to Wall Street Week as much as me. From its inception I NEVER missed an episode. What I learned most was no one has a clue to market direction. In fact, the market more often than not moved in th…
OK, LOU Holland. I must have mis-heard.
Crash, this thread is so long haven't read it all. But Michael Holland was also a panelist and in fact probably the most frequent of them all along with maybe Carter Randall.
Does anyone recall the black advisor that was often a guest of Lou?? I seem to recall "Brown" but not sure. I remember that I was impressed by this guy at one point when I was thinking about an "advisor", but was not exactly in that "wealth rang…
