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JoJo26
Making tactical asset allocation tilts is not market timing.
@Old_Skeet, I'd be interested to know what your total fees are as a % of assets. By total fees I mean everything, advisor fees, brokerage commissions, loads, fund expenses.
Hi guys ... My last comment on this subject is below.
Below is by definition what a wrap fee is. It comes from investopedia and is linked below for easy access.
https://www.investopedia.com/terms/w/wrap-fee.asp
On the topic of discount purchase…
You know how it work. I'm not going to read through the prospectus to understand nuances when you have the knowledge to simply answer the question.
If you are buying at a discount to NAV, then there is something compelling there, but I don't think …
GPEOX - Need an iron clad stomach, however, given the small cap nature of the product. I still like the guys at Grandeur, but am watching this more closely now as they just seem to have a whole lot going on.
American Funds is an asset gatherer. I'd…
@davidmoran: If I buy ETF's I have to hold them in a wrap fee based account. For now, I'm staying away from wrap fee accounts plus I can buy at discount in a good number of mutual fund families, Invesco being one of them. The fund's prospectus wil…
My two emerging market funds are NEWFX and DWGAX. Combined, they account for a little better than 5% of the equity area of my portfolio. Plus, I have some other funds that provide emerging market exposure which amounts to a couple of percent. Wit…
@davidmoran: If I buy ETF's I have to hold them in a wrap fee based account. For now, I'm staying away from wrap fee accounts plus I can buy at discount in a good number of mutual fund families, Invesco being one of them. The fund's prospectus wil…
I started my grand daughter investing at age 1 month. I told my son the quicker you get her a ss# the quicker I'll open a custodial account for her. He had her ss card within three weeks of birth.
Today she owns four funds. They are AMECX, ANCFX…
@Mark, Yes, interesting to chew on.
What I’m wondering ... for really big ticket items (say a $2500 computer or TV) I’m wondering whether you could first dump the funds into their gift card and than turn right around and purchase the item (in effec…
Wonder why he hasn't noticed (or read or heard, since it's not exactly a secret) that U.S. equity's on the verge of hitting possibly strong resistance ~ 2650 or so on the S&P. If prices breach that level, he'd have a better case.
"Resistance" ge…
So you're rethinking about your interest because of distractions, yet you're considering adding a fourth fund from the shop? How does that work exactly?
You're absolutely right JoJo. You picked out arguably the highest paid profession in the list of 800,000 government employees, comprising 1.88% of those affected to try and make your point and nailed it. Now that you've vilified those scumbags what …
Whatev. Who ever denied that lots live outside their means? Not what we're talking about. .
Had to get back in on this. It is all connected so it is what we are talking about. If you're living paycheck to paycheck on $100k, you are living outside …
Again with the blanket statements JoJo. I think that you're making a lot of presumptions that may not be so. Just as not everyone lives an unattainable lifestyle so to do they not have perfectly manicured finances. Do you know what full time nursing…
jeez louise, an awful lot of thrifty, frugal, prudent, MFO-approved saver types make $70k, or even $85k, and live paycheck to paycheck, and barely so
That's just poor budgeting then... Even at $70k, one should not have to live paycheck to paycheck u…
@Mark. ATCs make $80k+ at entry-level positions and on average earn more than $125k. I'm sorry, but that is plenty to live comfortably AND save. If they're living paycheck to paycheck there is a major spending problem.
Why?
Because 27% > 14%. I like high tracking error and that dispersion is way too much to handle, and it's not even an overly concentrated fund. Your everyday investor certainly won't be able to tolerate that type of underperformance. Sometimes …
Investors, generally, just don't know what they're holding. For active managers, relative performance should be more of the driver of flows and 13% underperformance isn't going to be tolerable for most investors.
I like high tracking error, but eve…
The answer is simply "no." If you were to think they can, then you could manipulate the narrative around the cash flow to improve your "return."
You should think of your investment returns like it is its own fund. Mutual funds cannot consider any i…
Down, -4.79% Beat the S&P and total markets though I think. :/
Did take $10k out for a new car though.
Best was Square/SQ +61%
BEst fund: CLMAX +7.6
Worst: MPACX -16.3 thankfully only about $3000 in there.
Cash flows should not impact …
Going to cash is also market timing, something I've discussed on numerous occasions on this board, and something I do not advocate.
As a general thought, I feel the MFO forum has become much more short-term oriented with all of the posts around th…
Via Personal Capital......
Until 11/30 I was +3.31 across all accounts.
As of 12/31 I was -2.29 across all accounts. Rough December!
Not that I care about benchmarking to an index, but as a data point, the S&P was -6.24 for 2018 so I'll not…
I've taken half of my RMD this year as QCD's, and I feel good about that. A few of my funds (PRGTX, PRNHX, VPCCX, etc) have surprised me with hefty CG distributions. I'm wondering if I should hold off on the 2nd half (I'm 70½) until 2019, because I'…
@DavidMoran. Hi David. I was not thinking about the market drop as fishy. I was speaking of the absurd one day rally. And I meant "something else." And no I am not some conspiracy nut. Yesterday just was too off to be just another day
Precisely what…
Last week I was emailing one of my old high school buddies and I was lamenting the timing of my retirement (Oct 1) . He told me he never trusted the market and had his money elsewhere. I didn't give it much thought until the market closed today . To…