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.
@Crash, I'm sure you aren't aware that @circa33 has been an MFO member since 2011. I enjoyed your write up. I hope circa33 overlooks your final comment.
I believe "moral hazard" comes to mind with the big bank bailouts...maybe appropriate when it …
TCMPX seems like a good choice in this space. Thanks @JoJo26 and @msf for mentioning this fund to MFO readers. Along with PRIDX (mentioned in video) GIRLX looks solid as well.
@Skeet, LPEFX has 32 holdings. Have you ever thought of creating your own portfolio of these holdings?
2.21% ER seems steep. Also, are you investing in LPEFX in a taxable account? Dividends are more tax efficient in a taxable account where tax los…
Thanks @Crash, risk characteristic look great, but M* mentions:
Tweedy, Browne Global Value's 2017 struggles are largely cyclical, but concerns about the fund's growing expense gap and the team's future composition are long-term issues.
QSPRX and QRPIX available through USAA Marketplace. $100k minimum for QSPRX and $5M for QRPIX. Too rich for my wallet.
Screening for Multi-alternatives, I came up with these other choices:
Screened for category:
-low minimum
-high Alpha
-low beta
-…
@Ted. Your right...again. Just sticking up for performance. Article seems to be more impressed with the attraction of assets rather than fund performance. Bigger isn't always better (performance).
He also seems to like commodities. Anyone have a favorite commodity fund? PCLDX has crossed my radar.
gundlachs-favorite-idea-in-the-financial-markets-today-is-commodities
There are some very helpful contributors at Ed Slott's discussion board. The site requires a log-in registration to submit a detailed question, but you can search and read what others have asked regarding this topic (and other related IRA questions)…
Another take on the topic that this author calls "infoacoplyse":
Article quote:
The web and the information ecosystem that had developed around it was wildly unhealthy, Ovadya argued. The incentives that governed its biggest platforms were calibrat…
Just re-checking SPY chart since the 'Trump Bump" (Nov 2016- Feb 2018). Seems that SPY is hitting its 1.5 year resistance line (drawn arrow). It will be interesting to watch the market's buying interest from this point.
Totally under impressed. $37.9B AUM *.093 (ER) = Management fee = ($352,470,000).
Who's making money on this bond fund? Not the small investor.
Just a few comparisons to TPINX vs VTBIX, DODIX, PONDX, and PTIAX.
5 year Chart:
Performance:
CT already has poor urban cities with very high property tax rates and low property values...Hartford, Waterbury, New Britain, New Haven, Bridgeport, Norwich...where the town resources are stretched and the educational outcomes are always challengin…
@David_Snowball, thanks for amusing me.
I believe you have described (complimented the fund) on one of its principal attributes (successful dullness)...quite a compliment.
One of LEXCX largest holdings is the "successfully dull" Berkshire Hathawa…
@msf, wishing to live near my Gkids in the state of New Hampshire had me screening town property tax rates as one metric for house searching. So, Home Value + effective property tax rate + property insurance costs + state income tax + state sales ta…
Here's an article worth reading on the topic of mutual fund draw down strategy for income that you might find helpful. Bonds may be a challenging space for income over the next few years, but a well managed fund should navigate these issues better t…
My first thought when I read your question was a QLAC. This would have taken as much as $125K and bought a Qualified Longevity Annuity Contract the year prior to when the person turned 70.5.
Here's an Article against QLACs:
https://kitces.com/blog/…
I spent the last 5 years as a caregiver for my elderly parent. Things happen in steps as we age so prepare for these "steps" by trying to be one step ahead of the next "step". Most of these steps move in the opposite direction of what we are use to.…
Thanks for the Chart @Catch22,
I adjusted your range out a bit to capture the last 350 days (70 weeks). We seem to have had quite a run. I marked the Nov '16 election and placed a "best fit" line for lows (S&P 500). Seems we are still 10% ahea…
For more on MFO discussions on HSA's, type "HSA" into the MFO Discussion Search box...here's what I found:
https://mutualfundobserver.com/discuss/search?Search=hsa
Ed's February 2018 Commentary on this list:
If our markets are this rubber band which is stretching out further and further, at what point does the rubber band snap, as in the dot.com craze?
https://mutualfundobserver.com/2018/02/what-you-see/
Miscreants who deserve far worse... My mom, who is now 94, was bilked by WF Advisors of her last few savings.
A short excerpt of her experience (WF Advisors had bought UTA as part of a put/call income strategy):
I wanted to share some information …
Just a little math and a little music...To qualify for a $800K mortgage in any of these high tax communities requires an pretty sizeable income...your call.
Let say this process of home "loanership" is a 30 year adventure...a decent career for you …
In a recent chat with Barron’s, Minerd also explained the perils facing municipal bonds, given the new tax law’s restrictions on deductibility of state and local taxes.
Doesn't he have this wrong or incompletely thought through? Though municipal pr…
Thanks for posting @Ted,
Anyone on the board using the suggested CEF munis for income?
Here's a link...a little old (2015), but interesting additional information about CEFs (munis).
https://thestreet.com/story/13361802/1/4-fantastic-closed-end-mu…
@LLJB, Investors have to weather the risk of negative returns, but management fee never do. You make a good point...management fees which are spread across all investors, but concentrated into one or a few management teams...are tremendously profita…
@Junkster,
Quote from Jeff G:
Gundlach singled out a few key levels for investors to watch — 2.63% on the 10-year Treasury yield and 3% on the 30-year.
Gundlach says that if these levels are breached, they will be breached together and that yields…
