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.
I suppose I shouldn't have been surprised by the extent of the challenges, yet I was. For those making less than $50K/yr I can see it. The fact that 2/3's of those pulling down $50-100K/yr would struggle leaves me wondering if Crash is on the right …
Speaking for myself there is little speculating going on. I'm looking for solid income producers, selling at reasonable valuations, with a history of increasing their income payouts over time. Nothing glamorous here.
Timely Ted, thank you. Having a 30% gain I almost swapped mine today for another 7.4% performer (VGR) but decided to wait it out. I always feel better when we agree on financial decisions. BTW - the links don't work for me, something about the fact …
Mike said - "But I see the gist of the article is how to cut costs in retirement which personally, I don't want to move to a different state or drive an old car or watch every penny I spend in retirement."
Yes it basically is about that along with …
If I'm reading the holdings correctly this fund appears to be a big pile of almost nothing. The 53.8% equity portion looks almost entirely shorted by written call options leaving a 44.5% cash position to do what exactly? And people get paid for this.
In the long run I'm of the opinion that when you choose to retire, barring a catastrophic health issue or similar, is dictated more by one's spending habits rather than the size or performance of one's nest egg.
@rono - never doubted you for a minute mister. Questioned your sanity, now that's a whole different ball game but I'm sure it works both ways. Party on Garth.
It's early but Apple has been taken to the wood shed for a beat down in after hours trading (down 8%). I might have to scrounge up some fun money if this continues.
About that mutual fund Buy-Sell-Hold-Why thread, while not trying to harsh anyones mellow I don't see what useful purpose it would serve.
I'm guessing that at any point in time we are all at various stages/levels in our investing journey with numer…
@Kevin - there are many different types of MLP's:
http://www.forbes.com/sites/advisor/2014/09/30/what-you-need-to-know-about-mlps-and-investing-in-energy/#65d10d5fc4ee
but I think that you will find that most of the funds/ETF's built around them t…
That is correct David Snowball. If SEQUX management is disheveled there is little reason to stick around. Currently none of us know if it was just one person or what. In any case that needs to be straightened out first.
I don't know professor, this situation begs the question. This board has discussed the falterings of a certain fund (FPACX) whose manager has or has not lost his way leading many to question the merits of holding vs. selling with the scales seemingl…
Yeah I hear ya. Crazy stuff going on here as well - had a handful of days in the 70's and then back down below freezing for a week and now back up in the 60's. No climate change stuff happening around here don'tcha know. And yes, despite all the exc…
Interesting stuff. I can remember my father buying or owning shares of Apple in the way back days (pre 1986) for something under $10/share. When he died my mother sold them because she thought computers were stupid. If only .....
Anyway, somewhat l…
If I send in my check today will the government stop bugging me to fill out tax forms every year for the rest of my life? Might be worth it.
And no, I'm not buying it. The authors reputation and background speak for themselves. There is a little tr…
I have to go with Kevin on this one. There is no excuse for holding that much cash in a moderate allocation fund at that expense ratio. Just stealing as far as I'm concerned.
My answer Ted - I had a Capital One credit card previously but felt that their customer service was lousy. It's been awhile so maybe that's changed but you know once you go elsewhere you loathe to start elsewhere anew.
Hawk - from what I can tell Canadian Pacific was attempting to open merger discussions with NSC but was meeting resistance from the company and others. It appears as though they were also trying to move discussions forward with a direct appeal to NS…
Interesting. While I've always been aware that RIK was a possibility it hadn't occurred to me that the fund might do so in all of 'ONE' security and one of their choosing. I'm not sure why I falsely assumed I might get a basket of the funds holdings…
Old Joe & Slick - From the Fidelity website re: Transaction fees on mutual fund purchases
1. Transaction Fee:
A transaction fee is similar to a brokerage fee or commission which you pay when you buy or sell a stock. For some funds available th…
msf said: "I'm now wondering how brokerages handle dividend reinvestments. I believe they pool all their clients' dividends, purchase shares on the open market (or out of inventory), and then split into fractional shares on their books. It doesn't s…
Yes David. I sometimes wonder how much better off I'd be had I just given all of my retirement savings to Mr. Danoff and Mr. Tillinghast and stepped away. Too painful to consider.
Some recent news from MN regarding drastic cuts proposed in the Teamsters' Central States Pension Fund. Granted this is a union situation but it demonstrates how SOL one might become. Makes one wonder if they might be better off taking the lump sum …
Well, there's cash - the stuff in my checking account which I use to pay the monthly bills and then there's 'portfolio' cash which is waiting around for the next dumb investing idea I have. I don't consider the checking account cash as part of my po…
