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.
December 26 was one of those rare Zweig 9 to 1 up volume days something I have discussed in the past. I am not much into technical analysis beyond pure price action but Zweig’s momentum indicator always gets my attention. The bottom in 2009 had a …
Junkster: Call him yourself. 1-818-941-4618
Even better let’s ask @msf if he has ever heard of a daily accrual fund where the NAV drops each month (or in this case bi weekly ) by the amount of the dividends payout. Because I sure haven’t.
I spoke with the manager today. He said that the fund does have daily accrual.
All you have to do is look at a chart of this fund or look at its daily price history to see it is not a daily accrual fund. The price declines by the amount of the div…
Is this a daily accrual bond fund?
For example, if you buy this fund today, will you receive the month-end distribution for the remaining 4 days of December? And, if you sell the fund part-way through the January, will you receive a partial distri…
I wanted to purchase this fund awhile back but it wasn’t available anywhere much less at TD Ameritrade where I trade. Still not available at TD but now I see it is available at Vanguard with a transaction fee. From what I hear these newer funds go…
DODIX is an intermediate term bond fund, A category I have never and won’t ever trade. This is a discussion for after Christmas, As an aside, because of a comment I made here, I ended up sending an investor my 1040s going back to 1992 - as well …
>> I would be on suicide watch if I was down 4.6% YTD (or for that matter 1% or 2%).
So what are you in to keep you alive with 1% or 2% drops,
and more important why are you on any investment forum in the first place?
The $12 is for you…
Dark humor.
My math shows the S&P off 17.5% since its high in late summer. Not cheap - but “cheaper” than during the most recent euphoria. To me that implies valuations are heading in the “right” direction. I’m most curious when the report wa…
I look at the headline for this thread and then look at its results. -6.43 YTD and a paltry 3.40% annualized the past 5 years. No thanks! But so as not to sound contentious, I fully understand we all play this game from different comfort levels a…
Junkster said:
"Very early January may set the tone on where to be in Bondland for 2019. Maybe the formerly crowded trades such as PTIAX and PIMIX will return to the fore?"
Junkster,
So you are hopeful that the Fed announces they will stop raising …
Darn, Junkster, you play around only with the institutional versions? Big-time player.
I had sold 90% of my IOFIX a few weeks back, and today I sold that last 10%. Not sure what comes next, so sitting in cash (FZDXX).
Eyeballing RCRFX (RCRIX)…
The primary allure to IOFIX was its amazing trend persistensy with little to no drawdown / ability to get overbought and stay overbought months at a time (14 day RSI in the 90s). That all went out the window Tuesday with its largest daily decline …
Thanks @Old_Skeet, appreciate the kind words. I know the Highlands area having hiked there a few times. But I am up in the the northwest corner of the state around Boone/Banner Elk. All I hold now in addition to money market is IOFIX which I have…
Most significantly
"Gundlach told Reuters he was still forecasting 6 percent on the 10-year yield by the next presidential election or a year after."
That will be bad for stocks, funds and the economy.
David
I doubt we see the 10 year at 6% but …
Some of the smart money minds who are proclaimed as experts on the Street are saying the next fiasco/crisis will come from the over leveraged debt of emerging markets countries. While I tend to agree I am also mindful that the smart money minds in …
John, you have been asked before over the years by several on the board, but please try to be like Ted if you are going to post links. Meaning, give a brief synopsis of what the link is about. Otherwise, thanks for your efforts In ferreting out n…
@ Junkster: I stand corrected. Cumulative 1 yr. IOFAX (-.38) That included sales charge.
Derf
IOFAX ( 1 yr 7.10 YTD 4.76) is NTF ( no load/sales charge) at a few firms ala Schwab, JPMorgan, etc. IOFIX…
CBLDX - just what the fund universe doesn’t need. Yet another high yield bond fund. Low duration or otherwise. Even more so with spreads still near historical lows.
I would add Commandment #11 -- Exercise.
Perhaps that should be #1.
(I'll grant that the focus of the article's "comfortable" retirement was financial issues. But not much else matters without good health.)
David
+ 1 Too bad most don’t worry abou…
@Junkster: While I have your attention. Correct me if I'm wrong, but didn't you say some time back, that if the S&P 500 hit 3,000 by year end, you would roll a peanut down Walls Street with you nose. Guess what, get ready to roll !
Regards,
…
There's a new (to me, anyway) fund "presentation," as the IOFIX guys call it, up on the site, dated July. Just about everything you ever wanted to know about it, all there in living color ...
Here's a tidbit I'd forgotten: the holdings are almost …
Spoke with fund manager Brian Loo today. Friday’s out of the ordinary move did not come from any specific event or the repricing of any illiquid bonds. But simply a broad based move up in a large number of positions. I feel more confident in the s…
Through today YTD the average high yield junk bond fund is up 1.05%. Some of the better managed ones of course are outperforming the average. But overall I would say “barely” continuing its winning ways. Been a lot better places to be in Bondlan…
Mark, because more often than not I have my entire nest egg at risk in one or two bond funds, Back in the days It was the same way when I traded open end equity sector funds. At this point in my life though I can’t handle the volatility associate…
>> My account is seven figures to the better than had I simply put it in an S&P index fund or scattered my monies among a 1001 funds for diversification purposes
so you made an extra million over $76k from outside-the-box decisionmaking
…
@Junkster, can you point toward the book and magazine articles? If you are up a mil over simple SP500 (is this only a few percent of total assets?) in this bull market (and why were you working at all??), this 71yo would like to study up. Will also …
I'll try briefly beating a dead horse one more time :-)
TDA charges a "regular" (not grandfathered) customer $49.99 to by a TF fund, and $49.99 to sell that same fund, regardless of whether the sale is after 1 day, 180 days, or 10 years. (See, e.g…
@Junkster
The regular 0.40% monthly decline of IOFUX (in the last two days of each month) corresponds to the associated monthly distributions.
I understand about the price adjustment when the monthly dividends are paid. I am referring to the negati…
As you can see, I edited my response while you were writing yours. I did try rereading your post until I could see what you were getting at.
I hope you'll read my last (updated) paragraph to see that one can pull off $5 round trips at Fidelity, wi…
Charles, since March of 2017 been between 40% and 100% IOFIX. Wish I could lie and say I was near 100% going into today but only 55%. Another 30% in DPFNX another bond fund that doesn’t seem to get enough respect for its steady performance. Will …
@Junkster, have you already written about why ST trading of mfunds is ever a good idea, rather than giving the manager(s) a year or three or four to work their approach ?
Yes I wrote about it in a book long ago as well as a couple seminars, magazin…
Wrong and more wrong! Where do you get TD doesn’t usually charge a short term redemption fee on their TF funds.
I got it from their schedule of commissions and fees. Any time I am charged something not explicitly stated in a fee schedule I ins…
Since the changeover I have had zero contact with any local offices. If I have any problems or questions I have a phone number to contact where I can deal directly with TD’s home office.
Wrong and more wrong! Where do you get TD doesn’t usually charge a short term redemption fee on their TF funds. They charge $49.99 for TF funds held less than 180 days. As for many brokerages charging 0 for exiting a TF fund, they charge you on…
There has been a real inefficiency with TD Ameritrade in the handling of how they charge former Scottrade account holders. More specifically, with their transaction fee funds you get charged only $17 for exiting a position held less than 180 days. …
Not quite the 2%+ day around this time last August but not complaining. Let’s hope it is not readjusted down Monday. Most likely repricing of some illiquid holdings similar to what occurred last month in another fund that is heavy in non agencies. …
