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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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  • One of many reasons why I never got an Alexa is that it overhears your conversations, and then you start getting ads for things you mention to your family. This is just creepy and invasive. It’s like having an advertising spy in your house. Sure, Go…
  • FYI, Nova on PBS had an episode on cryptocurrency this week. I haven’t watched it yet but to view it on streaming. One of my core financial practices is to stay away from investments I don’t understand and I’m clueless about crypto.
  • They finally increased the fixed rate, from 0 to 0.4%
  • If the SWR is only 1.9%, why not just buy an annuity that would guarantee much higher payouts?
    in 2% swr Comment by Tarwheel October 3
  • Great article. Thanks for sharing.
  • Yes, the Roth conversions were well timed. Both have increased in value significantly since the conversions, so far anyway.
  • I’m planning to pay the estimated tax by September 15, but I’m still confused about the requirements for Roth conversions. I usually do my conversions in October, so I pay the estimated taxes in January of the following year. However, I’ve done two…
  • My credit union used to be very competitive on CDs and money market rates. Now they don’t even come close to Fidelity’s offerings. Even a 5-year CD is only yielding 0.85% at my credit union, and its MM is yielding only 0.4%. Needless to say, I don’t…
  • Apparently, M* does not rely on its traditional users for income. It has been driving away users for years. I used to visit M* daily, and now I rarely ever use the site. No love lost from my viewpoint.
  • @Catch22, I don’t know the source of his image, but comparable rates are easy to find on Fidelity’s CD page. They are sorted by maturity dates, and you can easily find the best rates for any time period. Hi @Charles What is the source and date of…
  • I just created an 18-month CD ladder with cash that was sitting in a money market earning nothing. Overall, my ladder is yielding 2%, which isn’t great but much better than 0.2%. The CDs mature every 3 months, so I can take advantage of further rate…
  • My main point is that there’s plenty of blame to around. The current inflation is not simply due to actions on inactions by the current administration, but perhaps more so by business leaders and the general public. Nobody likes high gas prices. Ho…
  • Edmond - Why don’t you also hold business leaders accountable? It was their decisions in many cases that have led to supply chain disruptions, a major cause of inflation. Eg, computer chip makers cut back on production, completely misreading the mar…
  • So tell me, geniuses, how was the Fed and other policy makers supposed to: - Anticipate the Russian invasion of Ukraine and its effects on gas prices? - Prevent supply chain disruptions, which were caused by the pandemic and corporations faulty deci…
  • FWIW, Fidelity has a TIPs index fund (FIPDX) with extremely low expenses and low to moderate duration.
  • I used to invest in BUFBX. It’s always been overweight energy, at least in recent history, as well as value stocks. Thus it hasn’t performed well in recent years until recently, as growth stocks have tumbled and energy boomed.
  • I’m annoyed by news media usually citing the Dow regarding stock market movements, rather than much better indices like the S&P or total market.
  • Artisan doesn’t always have the golden touch. I invested in their global small cap fund, which had terrible returns — so bad that they closed it down.
  • The crash of 2008 and early 2009 was also tough for many balanced funds, particularly those that had sizable holdings in bonds other than treasuries.
  • The way I look at it, you’ll get at least 75% of the current inflation rate investing in I-Bonds, assuming you cash out before holding five years. I bought bonds when the rate was 7.1%, and it will go up to 9.6% for the next six months. So I’m guara…
  • I wonder if any of the workforce dropouts are simply people old enough to retire who decided to quit working sooner than they would have otherwise. Regarding the WSJ, I consider its new coverage reasonably neutral — and my political views are left …
  • I also need to decide whether to buy now at the current rate or wait until they set a new, presumably higher rate in May.
  • Thanks, Yogi. I guess we’ll have to create another account. I was reluctant to buy iBonds in the first place due to the potential for my wife forgetting about the account if I died before her, but it’s hard to pass up the current rates when virtuall…
  • Here’s another I-Bond question, rather than starting a new thread. I opened a Treasury Direct account in January and purchased the maximum individual amount ($10K). I would like to purchase another $10K in my wife’s name. Do we have to create anothe…
  • I’m continuing to hold FMSDX and have no plans to sell. It is outperforming most hybrid funds that I track, including many that have prior records of doing well in down markets. We are in an unusual period in which both stocks and bonds are down, an…
  • 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