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.
@hank said:
I think your thinking in terms of late life portfolio positioning
@WarrenBuffet said:
“My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fun…
Like history, "past performance doesn't repeat itself, but it rhymes."
PV, linked in it's letters, helps investors view the history (in some cases the last 37 years of investing history) of not only mutual funds, but stocks/ETFs (entered as tickers…
Take a look at:
VGWLX
https://morningstar.com/funds/xnas/vgwlx/quote
RPGAX
https://morningstar.com/funds/xnas/rpgax/portfolio
MALOX
https://morningstar.com/funds/xnas/malox/portfolio
@Derf,
I have three puddles of retirement income: Roth IRA, T-IRA and HSA. I have pension, but no Social security.
Until 65 I will be contributing to my HSA and managing my income to maximize my ACA (Affordable Care Act) premiums.
From 65 to 72…
Christine Benz's withdrawal suggestion (3%, rather than 4%)...3.3% to be precise... has a lot to do with future expectation of portfolio returns during the next 30 years. To me it really has more to do with future expectation over the next five year…
@msf said,
A similar fund (the only similar fund I'm aware of) is VTMFX. Cheaper and has outperformed in almost all calendar years. But, one needs a Vanguard account to invest in it.
USBLX would be similar to VTMFX...long term VTMFX has out performe…
Thanks @hank...great interview.
I have been impressed with FRIFX as a Real Estate Income Fund. This was a favorite of @catch22. FRIFX has has a great 2021 and in terms of Rosenberg call for lowering interest rates I believe it will continue to perf…
@rono,
I would suggest - for your grandson to read - anyone young investor can benefit from these words of wisdom.
If You Can - How Millennials Can Get Rich Slowly - By William J. Bernstein
thanks @hank
I will reread and try to remember:
Investors who understand the behavior of crowds have an enormous advantage over those who don’t. Investing often involves figuring out where the crowd is going, even if it’s objectively ”wrong.” "Inve…
What Type Of Retirement Spender Will You Be?
One final study should be considered to help shed light on retirement spending patterns and which default assumptions could be appropriate for different types of retirees. In August 2015, J.P. Morgan Ass…
The retirement drawdown “smile”:
Retirement spending drops off over the first half…then picks up again in the second…half due to healthcare spending
https://retirementresearcher.com/retirement-spending-smile/
@Derf...point taken...that is why I selected the Total Stock Market Fund as a wash-sale choice...obviously one would bone up on these rules and select appropriate wash-sale securities or just wait 30 days...
If you sold an S&P 500-indexed ETF to…
I wonder if this might be a potential strategy regarding capital tax losses and Roth conversions.
Let say I want to manage Roth conversions during market sell offs (think back to March 2020).
the-case-for-roth-conversions-in-market-downturns
Let…
Additional links can be found in the link I included below:
“The Chain”
As you’ll see in the P.S., we’re trying something new in the blogosphere. We’re “Building A Chain” of blog articles, where different bloggers are sharing their detailed Drawdo…
@BenWP
Here's something I found:
Try tossing cards. This game requires two to five players. Begin by marking a line about 6 to 12 feet from a wall. Decide how many cards each player will have for each round. Player One stands behind the line, then t…
This year's RMD is based on 12/31/2020 ending balance. So let's say that prior to December 31st, 2020 you took distributions for income. Those T-IRA distributions would have lowered your 2020 end of year T-IRA balance impacting your RMD calculation.…
Using QQQ as a comparison, ARK's performance (ARKK) over the last year appears to be off by 30% while QQQ is up 17%.
Is that reflection of ARK owning over hyped, over bought companies?
I am thinking yes.
That said, shorting seems like just an…
@hank said,
Do you have a link to that 86 score? I’m just getting the 50. Wonder if that’s for maybe two different time periods?
Third down from top of list:
POAGX
@hank, thanks for the link to MaxFunds. There seems to be some inconsisitency. The site reports POAGX as a long time wiiner with an 86/100
But when you click on the link it reports the fund as "Poor", linked here:
maxfunds.com/funds/data.php?ticke…
@davidmoran, I find it interesting that "B" is still a small cap value company. A little history:
Wallace Barnes began working for both his father Alphonso and grandfather Thomas in the family hotel and general store. The general store specialized i…
It seems so much good could come from all of this excess wealth, yet if such good exists, it appears under reported.
A little off topic from this thread, but on the topic of what to do with excess wealth...
150 years ago, the park system in our l…
Thanks @Junkster,
Interesting discussion on his website through many of his video interviews...here's one:
His site:
https://diewithzerobook.com/welcome
December Newsletter is out:
outperforming-the-market-while-the-fed-is-on-hold
Summary
Since March 2020, Fed short-term rate policy has been on hold and stocks have soared.
Such prior "on hold" periods have also led to excellent returns.
…
