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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…
@Ted, Thanks for the article.
Last line from the article say it all:
“CAPE tends to be too pessimistic and PEG may be too optimistic,” Yardeni said by phone. “The truth may lie somewhere in between.”
PRDMX is NTF at Fidelity. Not presently open at Fidelity. May be open directly at TRP.
A few other suggested by Fidelity:
https://fundresearch.fidelity.com/mutual-funds/summary/779585108?type=sq-NavBar
@msf,
Maybe not so thorough...thanks for your input.
Also, wouldn't a portion these new highs (referenced from the previous recent price) be coming off recent lows? If the market drops 20% in one day (Black Monday?) and on Tuesday the market rose …
This is actually not a "roll over" but a 'conversion" if your IRAs are in tax deferred accounts which I am assuming they are since your mentioned taxes.
Be aware that doing these conversions can impact more than just income tax on these conversion…
This article seems like a good 2018 read for market forecast returns:
Some sniglets:
Quote: I totally reject the notion that bonds have more risk than stocks. A broadly diversified stock fund has more risk in a day than a similarly diversified high-…
@davfor, Thanks for your income recipe. I remember @rono always mentioning - "invest in what you buy". Your healthcare comments make me think that a health fund would serve almost all retirees well. My thought...add VGHCX or PRHSX to this recipe.
…
@Old_Joe & @DavidV,
@Ted suggested VWELX which is Vanguard Wellington (65 Equity/30% Bond) fund. VWINX is Vanguard Wellesley (32% Equity/58% Bond) fund. Ted's suggestion might a bit more aggressive, but a consideration for longevity risk (living…
I've posted this article in the past, but seemed worth re-posting:
From Article:
Criteria:
The Retirement Income withdrawal will be 4% of the beginning investment value with each successive year's withdrawal increasing by 3% to allow for inflation.…
@PRESSmUP, Maybe one day a flat health premium and a flat income tax...two area that should work hand in hand from a cost perspective and be far simpler than they are today.
Congrats and good health.
For the last three years I have gone through the health exchange in my state for health insurance (ACA insurance). I had the same plan - a Bronze plan, Health Savings Acct compliant, PPO - each year.
Here are the numbers:
A small amount of addi…
@hank,
If missed, this was a recent interview with S. Druckenmiller:
https://msn.com/en-us/money/markets/watch-cnbcs-full-interview-with-legendary-investor-stanley-druckenmiller/vi-BBGHG6I?ocid=se
Buy on the dips...FinTech, Automation, Robotics, Robo-Advisors, Medical Devices, Bio-Tech, Media, Tele-Communications, Autonomous Vehicles, Smart Everything (except maybe people)...do you really think Tech is growing dimmer?
Volatility will return,…
@MikeM, thanks for the thread.
I would say the 4 year "safe money" helps protect against a temporary downturn or market risk.
Over a long retirement time period, I would ponder how to combat:
- "Flight to safety" risk...maybe consider a little gol…
If you believe in EM (the tail of the dragon) pay attention to the dragon (China). Replace "Dragon" with "Dog" when China mishandles one of its many reforms...EM will "swing happily" or "tuck under" depending on China's reform successes.
Europe...…
VT
Vanguard Total World Stock etf VT is a solid one-stop choice for exposure to global stocks. It accurately represents the global investable universe and is well diversified.
morningstar.com/etfs/arcx/vt/quote.html
@Junkster, @PBKCM et al...
I recently tried to digest an Alt strategy which suggested shorting or buying puts of HYG (Junk Bonds).
I believe the strategy would pair the shorted or put position of HY bond (HYG) along with owning an equity position…
@randynevin, Thanks for mentioning this fund.
Seems like the perfect example of where cost matters.
Each share class charges a different set of fees (Expense Ratio & Loads, 12-b1, etc) causing most of this distortion in the NAVs of the same f…
