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Sven
Lynn,
Thank you so much. I am planning on a 3-year ladder since I am a year away from retirement. Lots of spreadsheet work to calculate the income replacement needed. This ladder will create a steady income stream. So thank you for all your help.
I moved back to high quality bond funds this year. Some of which you covered in the SA article. For now, I will stay with agency bonds to the bond ladder. I will pick active managers for corporate bonds.
Sven
heated until it vaporises. The vapour is then condensed to get rid of small impurities, and clean water is collected
Think that is called distillation. Desalination from sea water is not cheap especially for large population.
@Catch22, All large firms are trimming back their pension plans and payout. This impact the retirees the most since many do not have 401(K) when they were working.
I entered the work force in late 90's when deferred pension plans were trimmed ba…
@VintageFreak, yes, they are FDIC insured ($250K limit per account). That was the first thing I checked. We did perfectly fine during 2000-2002 and 2008.
Money market funds work just like saving accounts, and pay very little. Nothing fancy. …
@little5bee, She left on her own to run a new fund. I read that she would expecting to succeed Dan Fuss as he retires, but that was not his plan. There are already two other (more junior) co-managers, thus the transition plan is to be more team-m…
@Old_Skeet, If you examine the portfolio and compare both funds, there is sizable differences. Ms. Gaffney's fund has more risks in terms of credit quality (junk bonds and convertibles) and local currency (EM bonds). Both sub-sectors did not fare…
@Old_Skeet. I couldn't agree more. I have had a small position, then sold it all as I do not like her risk exposure just to juice her record over her former co-manager, Dan Fuss.
That is actually the worst scenario. Finding another flight on your own at busy airports is rough. Most likely they have to pay full fare that $2700 may or may not cover.
@BobC, Keen observation on Kathleen Gaffney's Eaton Vance Bond fund-tough year!
Kathleen Gaffney's new fund EVBIX is having a terrible time of it, where her long-term average maturities are getting hammered.
Also having 30% foreign currency exposu…
Concur with MJG on his comment on bonds and negative correlation to equities. I would also add that forward with the higher interest rates environment, bonds will face considerable headwind with lower returns. One should still maintain some exposu…
He should take Warren Buffet and invest in boring index funds instead. Clearly benefit of diversifying risk applies to everybody, not just the average investors.
@STB65, vmvfx is available in the Admiral share with ER 0.20% and $50K minimum. That is a considerable saving in the long term. Question is does Vanguard charges the hedging at cost or close to it? Other funds such as Tweedy Browne Global Value h…
Petrobras is only the tip of an iceberg in South America. Their economy is heavily natural resource dependent and the global slowdown is impacting them badly than other EM countries, say India for example.
@msf, points well taken. I understanding currency hedging has its cost and thus produces a drag on total return. I don't think anyone know the direction of USD versus the rest the world currencies. Personally I am using both strategies plus index…
It is not the initial 25 bps that will be raised, but how fast the next hike and how much in the next few years. The market got to able to withstand these small incremental hikes if it has legs to stand on.
Neither one. I moved away from both Artisan and Oakmark global funds when Vanguard Global Min Volatility became available. Lower expense ratio (0.30 vs 1.2 and 1.4% of Oakmark and Artisan, respectively), currency hedging, and better performance.
@hank, this year growth stocks has way outperformed value stocks, including health care and biotech. TRP Capital Appreciation and Mid Cap Growth have certainly benefited from it.
@willmatt72, there is no compelling reason to hold three balanced funds in your tax deferred account. Are those your only choice in each separate account? If you are use a brokerage like Schwab or vanguard, you have access to many balanced funds,…
Yes, he and Richard Pell ran Artio International fund for awhile. As I recalled, they had a good run for awhile, then they made some poor bets that went south and never recovered since then. Both managers left when Artio was acquired by someone …
There are pockets of opportunities after the short pullback. Not so much of US but the developed market is in early phase of recovery while their respective governments are trying to get the economy going again.
Tend to agree with Scott that rai…
Tend to agree more with one of the poster. It is important to consider the investor's risk tolerance first before constructing an asset allocation.
Reading this article for fund choice ideas might be OK, although indexing is probably a better cho…
I would keep VTMFX in taxable account, and sell VWENX over several years to spread the tax burden. If you have assess to VWENX, I would use it over the rest of the balanced funds.
Did the zero interest rate really benefit those who depend on their CDs and bonds? Not really. It certainly helped the big banks, but not so much the consumers.
In the early day, Acron funds were well respect. Since they were acquired by Columbia, they seem to fad away. Quick scan of of the website sheds some light on their overall performance.
https://columbiathreadneedleus.com/investment-products/mutu…
