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.
Another read from Eric Basmajian on Inflation / Deflation Debate:
https://seekingalpha.com/article/4340323-inflation-vs-deflation-tug-of-war
The deflationary thesis holds more weight for three primary reasons.
Weakening rates of population growth …
@Old_Skeet
Have you ever considered keeping track of your portfolio's upside /downside capture and comparing it to a similarly allocated mutual fund / ETF as a benchmark?
From a previous rant:
USAA recently "sold" their Investment division to Charles Schwab for $1.8 Billion. That's $1,800,000,000 in cash. USAA will transfer $90 Billion in assets to Schwab sometime in May 2020. I asked how individual investors (there…
Getting back to inflation... this article worries more about deflation in the near term:
The author:
The mentality of inflation is tomorrow the price of a good will cost more so I will buy as much as I can of it today.
Deflation is the opposite. …
Off-topic, but HSA contributions and earnings aren't tax deductible in CA (and AFAIK NJ).
Not déductible on state income in some states, but federally deductible in all.
https://irs.gov/publications/p969
State Info:
https://thehsareportcard.com/the…
@bee Sorry if I'm being dense. My wife has an HSA through her employer. I understand contributions are tax deferred and I also understand it converts to IRA after you retire, or if you lose your job. What I didn't know however is you can invest it r…
Yes...especially TRP's five star funds...nothing to see here...move along.
Actually here are some global / international choices:
PRGSX
RPGAX
PSILX
PRCNX
@FD1000
When the times come for you or the Mrs to spend $8K month on LTC consider taking a cruise around the world. At least you can say you went out in style. Why warehouse yourself in substandard accommodations when Carnival will provide you with …
@bee can you please how you able to invest our HSA in BRUFX???
I simply set up an HSA account with Bruce Fund...I believe this was a paper application through the mail. I use my bank accounts billpay service to make month contributions electronicall…
USAA recently "sold" their Investment division to Charles Schwab for $1.8 Billion. That's $1,800,000,000 in cash. USAA will transfer $90 Billion in assets to Schwab sometime in May 2020. I asked how individual investors (there are 1 million) will be…
Article from the NYT on The Year Ahead in America with COVID-19:
More than 20 experts in public health, medicine, epidemiology and history shared their thoughts on the future during in-depth interviews. When can we emerge from our homes? How long, r…
This Wealthtrack interview does a good job of further discussing and explaining your second link's topic and discusses the evolution of "Direct Indexing" and Crypto-currency".
Is there any data out there that overlays COVID-19 with other illness related data. Have we lump death related illnesses like the common cold in with COVID-19?
How are we able to rely on the accuracy of this data when we seem so ill prepared with…
Thought this would be worth posting. It points out the value of rebalancing, especially when in retirement and making withdrawals.
https://thefinancebuff.com/better-withdraw-cash-bonds-bear-market.html
I think of net income in terms of total return. Investment gains are often part of taxable income. Marginal tax brackets do increase the drag on total return or better said marginal tax brackets diminish total return.
Most of us need a certain inc…
If you have room in your income tax bracket to add income to that bracket (the 12% federal income tax bracket is my threshold) consider doing Roth conversions with some of your deferred IRAs.
A dropped of 12% (we have already experience this from …
Interesting Chart on News and Biasness (is that a word?):
Over 90 individual slides...news outlets (down arrow the slide option).
https://adfontesmedia.com/interactive-media-bias-chart/?v=402f03a963ba
@davidmoran, here's the entire presentation which I am digesting slowly...lots of great data:
https://am.jpmorgan.com/us/en/asset-management/gim/adv/insights/guide-to-the-markets/viewer
A read I came across:
Fed's Kashkari paints gloomy view of coronavirus economic recovery
feds-kashkari-paints-gloomy-view-of-coronavirus-economic-recovery?
The entire investing world has been telling us to invest in short term bonds since the great recession. It pains me greatly to see how short term bonds have performed against long term bonds.
@VintageFreak...Actually not true...at least one person h…
Seems this debt (QE) would be categorized as long term debt yet is being directed at short term debt issues (unemployment, relief stimulus).
Ray Dalio does a great job at explaining the long and short term debt cycles and there effects on the econ…
...we still see room for U.S. rates to drop further if stabilization takes longer than our baseline outlook. We see U.S. agency mortgage-backed securities (MBS) and U.S. Treasury Inflation-Protected Securities (TIPS) as attractive high quality asset…
@DavidMoran
Nothing personal. I am just not as impressed as you with the flattening of the world.
This flattening has caused dislocations. A working wage is not a living wage neither here nor overseas.
I am seeing dislocation of resources and w…
I don't share your sense of mediocrity. Acquired elsewhere...Assembled here is not made in the USA. Your "modern sense of the word" and "of course parts are sourced globally" are two points you accept.
This event is the very definition of disrupti…
Query further...confused? I won't judge that.
Assembled in the US is very different than made in America. PR will make this seem like such a great US manufacturing accomplishment. Bullsh*t!
100 days....many hot spots will have peaked while they …
@davidmoran
How about we start with the company's website:
https://ge.com/reports/teaming-up-ge-healthcare-and-ford-partner-to-quickly-manufacture-ventilators-for-covid-19-patients/
And,
https://media.ford.com/content/fordmedia/fna/us/en/news/2020…
@MikeM GE and Ford will have a joint effort ventilator available in 100 days. Probably not even made in the US.
At best we will have assembly lines that put these together. The US has very few manufacturing facilities anywhere on US soil. No act o…
Does any of this surprise any of you?
This has been going on at least 50 years. We have a list of essential services, but what about a list of essential manufacturing, essential resources and essential roles each of us should have already been t…
Not much talk about tax loss harvesting, but I did just that last week by selling PTIMX.
I'll now look at BMBSX as a replacement during the 30 day wash period.
Investors who manage taxable investments should have a list of similar funds for just …
