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.
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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
@John, you hit the nail on the head. If the same U.S. home loans application process is being applied to this plan, they are in deep trouble with few valuable assets as collateral and lots of debts (and getting worse). Recent defaulting on debt pa…
Ted posted earlier that Oppenheimer muni funds have significant exposure to Puerto Rico bonds, > 20%, while the more conservative Vanguard funds have less than much lower exposure. Vanguard High Yield Tax Free fund has the highest exposure at 1.…
It is forgone conclusion that Greece proposal is a done deal. The five months of brinkmanship game they played actually resulted in the lost of their credibility. As Mark noted earlier that this proposal could amount to nothing more than a Trojanh…
Microsoft is changing their business model to subscription-based that may produce more sustainable profits from quarter-to-quarter. This is what Adobe has moved to as well. I use both Mac, Windows and Linux. Windows 7 will be my last OS.
Apple's iPhone sale has sizable exposure to emerging market, particularly China. Recent decline indicates that Asia market condition could impact the upcoming iPhone 7 release. At p/E 15 would you own Apple or Microsoft? I take Apple anytime.
It is premature to say whether buying opportunities have presented themselves until the dust has settle first. Interestingly, Matthews Asia funds have been very quite lately on their perspectives.
I totally agree with DavidMMP that we, the MFO members, need to keep the discussion clean.
Few articles on China's stock market decline.
http://www.bloomberg.com/news/articles/2015-07-08/this-is-why-so-many-chinese-companies-are-suspended
http://…
DoubleLine has Luz Padilla @ DLENX
Have been invested with Luz Padilla for several years. Managing the asset class of EM debt is no small feast. She has achieved solid returns without incurring additional risk comparing to her peers.
I guess the Professor is wrong on the outcome.
My feeling is at this time — and especially a week from now in the referendum — the Greek people will say, “We will accept these conditions. We’re not happy, but we see the alternative is much worse.”
It boils down to personal preference. I invest with both Fidelity and Vanguard with Fidelity being the easier one to navigate. You can reverse the changes if you do not like it by contacting their agents.
On a side note, I migrated from Schwab …
@John, this is exact platform the current party ran on and won - debt restructuring and no more austerity. Greece is in no position to "demand" rather than bargaing.
I agree with Scott analysis that Apple is not becoming a bank. Apple Pay will bring in steady and increasing revenue stream without having to build the infrastructure (Scott's railroad analogy).
@Bee, my teenage kids are well verse with Apple dev…
China Securities Regulatory Commission (CSRC) was probing investors who used stock index futures to short the market.
Shorting an index is a common trading practice in stock markets, so NOT sure that is the only cause of the steep decline. There ar…
As for the topic, I'm not sure location of a fund company results in added insights but that's just me.
In today's digital age where information and connectivity are readily available, the company location is less important comparing to the past. E…
@Old_Joe, Same in our household. We have migrated to Mac over ten years ago, but we have not running issues you have experienced. Unfortunately we are still using Windows at work and it take an army of IT support for maintance.
For ultimate sec…
Due to their conservative nature Vanguard has much lower allocation to PR bonds. The High Yield Tax-free bond fund has the highest exposure fund at 1.8%.
@Catch, the article is pretty funny and sad at the same time.
And for a €3 you supposedly get a postcard sent from Alex Tsipras, the Greek Prime Minister.
Some of China’s biggest state firms were found to have falsified revenue and profits, while some state lenders doled out loans to unqualified borrowers, the nation’s auditor said amid an intensifying crackdown on corruption.
http://bloomberg.com/new…
@msf, wonder how insurance companies would pay for these "experimental" procedures? My personal experience with the largest insurance company is that they are very conservative.
Current events with Chinese markets and Puerto Rico would added volatility in the near term. Greece sitution is likely priced into the market. Don't think all this will lead to market correction though.
If these news cause lost sleep, you need…
Same here. This maybe a stretch. Isn't spreading the risk of subprime mortgages among credit worthy ones in individual security a good thing back in 2007-2008?
