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.
Sold INCM (not a bad income play). Leaped into RLTY. Gives me 3 equal weight CEFs in the equity / income sleeve, which is something I’d hoped to achieve, It’s a risky bet on rates falling and real estate turning up. Most of my other stuff is pretty…
Thanks, @Derf. I was not including the amount auto-stolen from SS to pay monthly Trad. Medicare premium. What is "ad plan?" You mean, additional medigap plan?
I am not eligible for Medicare. I was debating whether I should get Medicare Advantage or Medicare supplemental insurance when eligible. My Dad tells me that Medicare Advantage patients are more likely to be denied essential treatment (in favor of…
@BaluBalu
Noam Chomsky, "The Common Good:"
The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum – even encourage the more critical and dissident…
OK. Now I'm loaded for bear. BTW, this question was not for me. I'm making an executive decision to move a friend's money I babysit out of MAPOX. It's falling down on the job, the last few years. Simpler is better. After all of this back and forth, …
PRWCX vs (TCAF+PRCFX)
If you can't own PRWCX, maybe consider owning a combination of TCAF/PRCFX.
Using a percentage of the eft TCAF in combination with a percentage of PRCFX one can approximate the same portfolio as PRWCX.
PRWCX allocation chang…
Oh, dear. My head is spinning. ITRIX shows ER of 0.64% and PRWCX shows 0.71%. Could a person not just choose ITRIX for a Trad IRA, for example? If identical portfolios don't matter?
They wouldn't take the Orange Criminal even into exile. It might give ME some satisfaction to see the bugger sent up to Alert with the job of sweeping up behind the few who are there permanently. Clean the toilets, Donny. Ah, but that would be risky…
Thanks for the reply. ITRIX might be labeled as Institutional, but the entry threshold listed at M* says "0." Zero. Same with ITRAX. Given that, why not just get into institutional class? Ork? Maybe have to go buy it directly from Voya.
Not a bet on anything- just maintaining a reasonable overall inflation protection. MMKT = 56%, Fixed = 44%. Incoming pension & SS are sent to MMKT, transferred to checking acct as needed. Always an annual surplus of income over expense, so MMKT …
Never get involved with other people’s kids or their money. It is a thankless exercise. I think school teachers are brave.
At the same time know that no one takes care of your kids or your money like you would. So, if you trust these to other …
Good thinking, @hank.
....I thought I might just express this: I'm allergic to taxes. With profits on domestic investments, I can choose zero withholding and it's simple. My foreign holdings (from time to time) all wanted to grab a percentage from …
all the great trips they were taking on their home equity.
OMG!
Ya, since 2010 I've babysat a colleague's portfolio. Pretty plain vanilla, all $$$ at TRP, still. I moved my own to uncle Chucky. He and many others were getting shafted by another col…
https://www.stockrover.com/world/insight/summary/Quotes/ISPY
(Doggy poopies! That link does not let you hold that particular security. Just type it into the search box.)
"Derivative income" style. Enough to scare me away. Remember The Big Short.
P/…
You don’t have to be crazy to think this way, but it helps.
No joke. At every turn, more and more absurdity faces us. Will we ever get back to normal? The majority of voters are ...... dolts.
You'll just have to imagine the single ear. Pick right or left side. The choice is yours.
https://media.istockphoto.com/id/1294900929/photo/blue-round-circle-with-a-happy-or-smiley-face-icon-on-it-against-yellow-background.jpg?s=2048x2048&w=is&…
@Crash, please do not re-watch for my sake. 5 day old macro is as actionable as a 5 day old fish. Besides, next Friday is around the corner and we will get a new episode.
I forgot, are you entirely at Schwab now? Their fixed income desk is at 8…
Re: 03 Jan, '25:
Expecting elevated volatility, uncertainty. The 2-10 year spread is at highest in over 2 years. Due to fiscal concerns. Davis (BMO) likes relatively attractive current yields on both Treasuries AND corporates. He's adding duration. …
@BaluBalu ok, I'll re-watch and attempt to summarize. My main takeaway was from Earl Davis of BMO, as referenced above. I don't buy Treasuries directly. Input from here at MFO some time ago warns that the gummint's website is awkward and clunky. I o…
Matt Wuerker, a Pulitzer Prize-winning cartoonist for Politico, called the decision to kill Ms. Telnaes’s cartoon “spineless,” adding that the storied Post cartoonist Herbert Block, known as Herblock, and Ben Bradlee, a former editor of The Post, we…
If workable, legally sell the house to a relative or trusted friend & live on mortgage payments. Terms could be mutually beneficial.
That sounds just plain brilliant!
