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.
Screaming buy? Kicking and screaming...then bye-bye is more like it.
Wasn't there a time when overbooking meant that some lucky passengers were going to receive a windfall for giving up their seats?
GLFOX is tops in these categories for infrastructure (M* breaks it down as follows - Utilities=33%, Industrials=54%, Consumer Cyclical=5%, Tech=5%):
GLFOX has 26 holdings all but six outside the US. So the fund makes concentrated bets with lower …
@ Derf,
I Probably did. Good memory.
As I compared different T. Rowe Price Target Date Funds I noticed drawdown higher than I had expected. TRP Retirement Balance Fund (TRRIX) which is a conservative allocation fund doesn't even have the downside …
I believe Target Date Funds could be used in a totally different manner than they are typically advertised which usually means these funds "target a retirement date".
I propose using these funds to provide a glide path of risk that "targets income …
Black Box is great but usually slightly above my price point.
Usually under $15 at Total Wine (in MA & other states, not CT due to taxation) which has a wide footprint of stores. Also, Double Dog at TW for under $12 and Pacific Peak for under $1…
Try a box wine next time. 4 bottles in one box. No glass to discard. Bladder keeps wine fresh. Price can be very similar to two buck chuck. Would like to hear from other box wine fans and their preferred brand. I enjoy Black Box Cabs
Walmart's Mel…
@PRESSmUP,
@Mona gets credit for the calculator. Thanks as well.
What you are referring to is correct. There is a one time rollover that you can do from an IRA to a HSA. The amount is based on your HSA status (single vs family). Being single and o…
Using one of the Retirement calculators (here...ORP) regarding withdrawals, I found it interesting that in most cases the calculator spent down tax deferred assets first. This usually provided SS to be delayed until age 70.
I am personally going to…
More on Stimulus/Credit tightening as well as hikes in interest rates:
What is so disturbing is that each extra dollar of new debt now generates just $0.17 of extra GDP in the US, down from around $0.75 in the 1960s. Much of the corporate debt built…
Other Trum-pet projects (End Obama Clean Power Plan):
Observers of the energy and utility sectors are united in their belief that the Trump administration won’t slow the trends toward electrification of transport and broader reliance on renewables, …
Prior to Trump, coal (represented here by KOL) quietly gained about 150% in the last year (Since Jan 2016). Much of that gain happening prior to the election.
Austin, TX...home to many great songwriters, here's another one...Nanci Griffith.
Thanks @Crash. I caught JJW with Emmylou Harris in the Berkshires in the 80's (Music Mountain).
Texas songwriters=musical poets.
Invesco Multi-Asset Income = PIYFX (M* classify it as Multi-Sector Bond fund).
Holds:
40% Equity, mostly in Real Estate.
33% Bonds (short 1/3),
21% "other"
9% cash.
Almost a 5% yield.
@Anna,
Thanks for the link. It is very data rich.
It seems to favor an early spend down of tax deferred balances maybe as a way of pushing SS out to 70.
I was hoping I could include pension income (DB plan) in lieu of SS (which I do not collect)…
Years ago when I ask if any of our 403(b) vendors acted as my fiduciary the answer was, "No, why is that important to you?" or "Hmmm...let me get back to you." I took the issue it up with the teacher's union and they had no clue what a "fiduciary" w…
Does cash reside as cash?
I have a few "cash like" mutual funds that do not have 90 day holding periods. Do you try to achieve a return while in the these cash positions?
Have you found any "cash like" funds you like?
Index funds are usually more tax efficient. Tax managed funds are another option.
I feel this is one area most of us have less experience with. As I noted in another thread:
Many of us are not well versed in managing tax efficient accounts since m…
@VintageFreak
I wanted to share the best take out franchise pizza IMO
In the Northeast...find a local pizzeria and fa-get-about-it.
We have a couple a decent franchise pie guys:
-Anthony's Coal Fired Pizza
-Mellow Mushroom (great beer selection)
Also, if you agree that spending tax deferred IRAs before tax free IRAs makes sense, then you might consider a few scenarios for any amount in excess of your RMD.
Some considerations:
-If you have a sense of your future income needs (projecting y…
Just so we can follow along at home:
@LewisBraham
And I do think some sort of out of the money put option is the best way to hedge against that geopolitical risk.
https://thebalance.com/determining-intrinsic-value-1031125
@MikeM,
There is a term referred to as "in kind" which I believe allows shares to move "in kind" from one IRA to another. Important to ask both plans if this is possible and have them orchestrate (trustee to trustee transfer of shares in kind). Thi…
For a moment there I thought you were talking about student debt which, as a parent, I haven't forgotten about.
On the corporate side of the debt boat:
Nothing wrong with borrowing to restructure old debt, but financial engineering seems to take c…
Hi Wise@Old_Skeet and @JoJo26,
WOS, Thanks for these links and the civil discourse (I have knighted you Wise). I'm never one to step in between a good banter, but until @JoJo26 comes up with something to talk about I thought I'd distract @Old_Skeet…
For those wishing all of these choices were in one place (maybe it was only me):
RPSIX, TRRIX, RPGAX
PONDX IOFIX FCFAX TGINX and DODLX
DSENX MAPOX PONDX
PRWCX 11%
PRHSX 11%
PRMTX 10%
VWINX 10%
PONDX 10.7%
TWEIX 9.6%
WFPAX 8.4%
POAGX, HSCSX and FMI…
Thanks @Ted,
Mr. Rodgers didn't mention his companies own stock (TROW) which pays a 3.23% dividend and "over the long run" has done very well against the S&P 500, his own fund (PRFDX) as well as highly rated (PRWCX). Here's the performance char…
Could SHLD, which stands for Sears Holding Company, be more valuable as a holding company?
BB has often mention (refuted by many) that its "holdings" or "real estate" are worth more than its retail value. This has already proved itself out with Se…
Thanks @Ted,
Compliment me if I'm right, but wouldn't LEXCX be a concentrated (21 holdings, ER = .52) way of investing in a well managed fund that holds a pretty good slug of the Dow?
LEXCX has been around for 76 years and here is it's chart (@ron…
Disclaimer: My thoughts tend to be an inch deep and a mile wide.
Cherry picking some of your data, let's create a portfolio that hold 2 distinct "capture profiles" (deep & shallow).
For "deep capture" or "market deep capture" (100% up/100% do…
Great Stuff! Thanks @Mark!
Q1. Are you reinvesting dividends and if so, other than DRIP transactions (which I think would be free), do reinvestment transactions become problematic from a expense standpoint? I can imagine trading fees being a much …
Not an expert but this site's discussion board (Ed Slott IRA) allows you to ask questions such as yours and often times you receive multiple responses that are very helpful.
Might be worth a few minutes of your time. I'd loved hear what these expe…
El-Erian, who at one time was with Pimco and is now with Allianz, strikes me as one such fear monger. He gets a fair amount of air time and is usually bummed out about something or other.
