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.
Thanks John. I don't know enough about all the ins and outs of your particular situation so I won't comment further. All I was thinking is that I as a former self-employed individual holding an SEP-IRA I have been busy converting my SEP-IRA to a Ro…
@stillers - I pulled this off Fidelity's Fixed Income research site:
"Municipal bond volume will finish the year above $400 billion for the fourth time since 2010 and third time in the past four years.
“Considering how slow the year started, no one…
Frankly, (and stealing David's headline here) - Amazon claims loudly, ... well, nothing, really.
They can sputter and pontificate all they want about discouraging that sort of behavior but as long as the money keeps pouring in they will do squat. M…
Had it and sold after a 4X run up. Too much drama for me to take them seriously as an investment I wanted to hold on too. Not interested in touching it now but that's just me.
Gary: "...you may not need to start RMDs for your wife next year. Depends on when the SECURE Act kicks in."
At Fidelity, at least, it apparently already has. I had mine setup on auto pilot through Fidelity to start in 2020. One 5-min phone call was…
@hank - is this the one
One of the greatest hedge fund managers ever says he couldn’t have been more wrong this year
The article contains links to the full Bloomberg interview.
@Gary - you said "Weekly sentiment survey is gossip and fake news."
How so?
Are you implying that AAII is lying, or their subscribers are lying or what?
"The essence of investment management is the management of risks, not the management of returns. Well-managed portfolios start with this precept.”
— Benjamin Graham
@rforno - precisely! Have a plan and go about your life. One only needs to look at the track record of forecasts and/or forecasters to realize that flipping a coin may be just as accurate.
They're all nervous because John keeps predicting crashes and/or corrections. As for what's driving prices higher - no clue. MM's have zero appeal for me. I'd rather buy MMM or even GE then watch my money wasting away like that.
@Derf - if you're referring to the IRS rules I believe the Cliff Note version is that non-spousal beneficiaries will have to take out more because the time frame has been shortened to 10 years. In other words, my children who are the only beneficiar…
And for those who are having trouble sleeping and/or sneaking in a nap here is the proposed IRS tax rules coming down:
Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions
A Proposed…
From Barrons:
The Secure Act Is About to Pass. Here Are 3 Ways It Will Change How You Save for Retirement.
From the 401K Specialist: (more color provided):
It’s In! SECURE Act Included in 2020 Spending Package
By James Lange, retirement columnist at Forbes: (no subscription required to read)
The Hidden Money Grab In The SECURE Act
The SECURE Act: Is It Good For You Or Bad For You?
The Best Defenses Against The SECURE Act
If we get a selloff of any sort, and that's a big if, I'd suspect to see a lot more funds flowing into the commodity sector, maybe gold in particular. Fun to watch.
I was wondering why they would do that. You see last week I ordered Christmas gifts for my grandchildren using Amazon Prime. One order took three separate shipments divided between the USPS and UPS. Two items never made it despite being shown as del…
There are others FD. RQI is up 36+% this year, VNQ 24% something. I already own the others mentioned except for PIMIX. Everyone has to find their own groove.
Good Day @MikeM. Yes I think we are saying pretty much the same thing now that you explained your thoughts. The attached article lends a more in-depth discussion.
Good News Becomes Bad News For REITs
FWIW I'm not buying more REIT's at this time bu…
@MikeM - I'm having trouble following your reasoning. First off, many of the REIT investors I know of are not consumed by TR nor do they view it as the 'be all to end all'. It's always nice if they get it but they're more interested in the income st…
@ron - the short answer (which pretty much aligns with what hank said):
"Over the second half of the year, as global central banks made a U-turn and moved from tightening monetary policy to setting rates lower, investors have begun positioning for …
I found this segment in a lengthier 'undated' article:
Management's Discussion of Fund Performance ("MDFP")
"Currently, a mutual fund is required to include MDFP in its prospectus unless the information is included in the fund's latest annual shar…
@rono - I see more institutional's dialing down their equity exposure and slipping some of those assets into gold lately. Just an observation but maybe they forecast a correction in the works.
Oodles is such a subjective word when pitiful would work better. Do they pay dividends? Yes. Could you do much, much better building your own ETF by buying the top 10-20 holdings in these vehicles outright? Yes. You just have to interested and willi…
As the Vegomatic article alludes to I would expect other costs/fees to rise to cover the loss of commission fees along with the implementation of new fees for other services. I would also expect that most current customers would just pay them becaus…
@Tarwheel - I have to agree with you on the styling. It's probably just me but I find myself thinking that the front end designers of nearly all vehicles are trying to out-ugly each other these days. Only the Camaro makes me look twice.
