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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.

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Tarwheel

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Tarwheel
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  • I moved our TRP accounts to Fidelity last year due to declining customer service. We had invested with TRP for about 30 years. I would have moved sooner but was holding out on the chance that PRWCX would open to new investors again, but finally deci…
  • This is a prime example of why I don’t invest in hot funds.
  • You need a lot of patience (or luck) to invest in small cap funds. Their returns vary widely among funds and from year to year with any particular fund. I’ve invested in small cap funds for about 30 years and they often have long spells of underperf…
  • For what it’s worth, we are spending much less in retirement so far than 4% annually. COVID has made it difficult to meet our spending “goals” because it’s so difficult and risky to travel, eat out and participate in other forms of entertainment. In…
  • Definitely invest in a Roth IRA to get lifetime tax free growth, plus he could make a penalty free withdrawal for down payment on first home. I would keep it simple an invest a total market index fund, either domestic or global — such as FZROX or FF…
  • FSRRX holds TIPs, floating rate bonds, REITs and commodities— which presumably includes exposure to metals. It is designed to provide multisector exposure to assets that provide inflation protection. Long term it hasn’t performed that well but infla…
  • My parents lived on a lake in the north Georgia mountains that was owned by Georgia Power Co. The power company owned most of the land bordering the lake and leased lots to homeowners for 100 years. That arrangement apparently hasn’t hurt residents …
  • OK, I pity the poor soul who has been persuaded by Grantham’s views on investing.
  • I pity the poor soul who has followed Grantham’s advice over the past 10 years or so.
  • A mere two decades or so ago, GE was the largest company by capitalization in the world, and look at it now.
  • I maintained an account with T Rowe Price for years in the hope that they would reopen PRWCX. I finally threw in the towel and transferred all of my TRP funds to Fidelity to simplify my investments and have access to more options. My Roth IRA is sti…
  • T. Rowe Price uses the same hedge fund in some of its other allocation funds, notably TRPBX and TRSGX. Much of my Roth IRA is invested in TRPBX but I’m not sure what to think about the hedge fund. Both of these Spectrum allocation funds also hold su…
  • One of the worst investments I ever made was in Artisan Global Small Cap. It was losing money after three years and then Artisan decided to close it, ensuring my losses.
  • Our IRA and 401K transfers to Fidelity are mostly completed. The rollovers of our Roth IRAs from T.Rowe Price to Fidelity were seamless because we did in-kind transfers, so nothing had to sold or bought. The TRP funds showed up in our Fidelity accou…
  • I was reading the reviews of the M* app on the Apple store, and apparently everyone is having the same problem. And apparently M* doesn’t read its reviews or simply doesn’t care. Seems like a functional app is pretty important these days for compani…
    in M* App Comment by Tarwheel June 2021
  • If I recall correctly, TRP is a publicly traded company. It could be that large investors are pressuring the company to cut costs, leading to the decline in customer service. We invested directly with TRP for 25+ years, and their service has definit…
  • We just completed a transfer-in-kind from TRP to Fidelity for our Roth IRAs. There were about a dozen separate accounts because TRP created an account for each mutual fund, for some odd reason. We were not charged any fees, and the funds showed up i…
  • Funny, I wrote a lengthy message to TRP through their website, explaining my reasons for transferring our accounts to Fidelity. However, the message wouldn’t send due to yet technical glitch on their website. I gave up. Money speaks louder than word…
  • Wow! I just transferred in-kind our entire Roth IRAs for my wife and I. Hope we don’t encounter similar problems. So far it seems to be going smoothly but we didn’t buy or sell any funds. All were direct transfers in kind. We’ve had our accounts wi…
  • Our 401K is currently invested in proprietary funds with Prudential. So, we can't do an in-kind transfer of funds. In my experience from previous rollovers, it takes at least 7-10 days for the money to show up in my IRA. In theory, we could get luck…
  • You guys are too cynical. Food companies might simply be watching out for our health by helping us control portions and not overeat.
  • BTW, Fidelity has added a series of zero expense index funds in recent years, and its regular classes of index funds typically have expenses as low as or lower than comparable ETFs. The only advantage of ETFs in these cases would be the potential ab…
  • OK, I’ll give an example of why I chose a mutual fund over a comparable ETF. For small cap exposure in my IRA, I had used a small cap index fund, DISSX, with an expense ratio of 0.50% for many years. Realizing that I could get slightly better return…
  • FCNTX and FLPSX are two of the stalwarts in my portfolio. I got into both when they reopened after long closures and have never regretted it. FCNTX has grown more than 400% since my initial investment in 2003. My acquisition of FLPSX is more recent …
  • Don’t let politics guide your investments, although it’s admirable to have a moral compass. One of my best performing funds, PRBLX, could be described as “woke,” and that hasn’t hurt its returns. In fact, all of the Parnassus funds have excellent ri…
  • Returns on energy stocks have sucked for many years, and I suspect that investor concerns about climate change has accounted for some of the poor performance. Although many conservatives consider climate change a hoax, the scientific data doesn’t su…
  • It makes perfectly good sense for Fidelity to require investors to speak to a representative if you try to buy muni bonds for an IRA account. In nearly all cases, such a trade would be disadvantageous for the investor. Fidelity is merely looking out…
  • Same thing I’ve always done during market drops. Nothing. I periodically rebalance my accounts when the markets are up, but I never hold cash waiting for a drop. That’s a losing proposition in my book, unless you need a certain amount of cash to liv…
  • Wait a minute. Trump said the markets would crash — the biggest ever — if Biden was elected. The rising markets must be more fake news.
  • Whatever happened to the biggest stock market crash we’ve ever seen if Biden was elected, as predicted by Trump? Ironically, Trump could be credited for the big stock market rise during the final months of his administration — mainly because Biden w…
  • I wish my daughter had taken my advice about selling some of her Beanie Babies when they became a bubble! Unfortunately, she didn’t and we still have a closet full of them. At least our puppy has found a use for them. I bought my nephew and niece e…
  • Arnott’s forecasts are like a broken clock. Only, instead of being right twice a day, he’s right about once or twice a decade.
  • I owned OAKBX for about 10 years in my IRA, and it generally performed better than average. I sold it several years ago because it was changing in ways that didn’t suit my purposes. It started holding higher percentages in stacks, its volatility inc…
  • Here is the best way I’ve found to get guaranteed 2% return that is totally safe right now. Purchase everything you can with a cash-back credit card - groceries, gasoline, clothes and other necessities. My Fidelity Rewards VISA gives us 2% back on a…
  • I bought a new car in August, earlier than planned, for several reasons. First, I could get a low interest loan on a desirable model. Second, we are unable to spend money we had budgeted for things like travel, eating at restaurants, going to concer…
  • Your home may not be a great investment but it is certainly a decent investment, comparable to safer investments in returns. Some people get lucky and buy homes at a great price or in neighborhoods that spike in value, but that’s often not the case.…
  • COVID-19 has thrown a kink into many retirees’ plans. It’s difficult and risky now to do many things that people have saved all of their lives fo — like traveling, visiting family and friends, taking classes, etc. It has helped us by reducing our sp…
  • TRP has invested a portion of some of its allocation funds in hedge funds for a while now. I’ve had a large portion of my Roth IRA in TRPBX for quite a few years, and it’s got about 5-10% of assets in a hedge fund, if I recall correctly.
  • Crash, If your accounts are with T Rowe Price, you might want to consider PTTFX for a bond fund. It is highly diversified, but unlike RPSIX, it doesn’t hold any stocks. I moved a portion of my TRP account from RPSIX to PTTFX a while ago and wish I h…
  • Sounds like a Trojan Horse in an attempt to cut Social Security. Far right Republicans have been trying to do this FDR.