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
Andy,
JW was corrected. Fairholme was down 0.1% last week while most of high yield bond funds were down 1.5 - 2.0%.
Eaton Vance Bond fund was down 2.0%, but it also hold higher stock allocation that were also down even more. Dan Fuss's Loomis …
Same can be said about Warren Buffett during the tech bubble days. He did not invest in tech stocks because he cannot justified the high valuations. The rest is history. This points to different approaches of investment.
Today is a challenging environment for those who need income from bonds. Treasury and CDs provide low returns while higher yielding junk bonds pose more downside risk as shown this week. Still think investment grade, short to medium duration bonds…
I concur. Despite mortgage interest and property tax are tax deductible, there are other cost including insurance and repair/upkeep/remodeling to consider as well.
He used to smoke 30 years ago, but still smokes a few here and there. Lung cancer is more common among smoker. Exact cause(s) is still unsure in his case.
Ted, glad to see you are doing fine. In Oregon we have frequent power outage even though the power grid was recently updated. Once we stayed in a hotel when the outage lasted over 48 hours in the winter.
Osterweis Strategic Income,OSTIX, is a noteworthy multi-sector fund. M* mis-labelled it as a high yield fund. Another one to considered is Thornburg Strategic income and it holds foreign bonds as we'll. i
As much as I like Michael Hassenstab, I moved most of the allocation of Templeton Global Total Return to Franklin Mutual European fund. Don't think the geopolitical risk is the same magnitude as those of PGII.
Scott:
Great managers make sizable mistakes at times. That's fine. I would actually respect a manager more if they admitted it, told me what they learned from it and how it may change the way they approach an investment going forward.
Concur with y…
Housing cost being the one of the largest living expense. The Bay area is among the highest on the west coast. So is Santa Barbara. Nevertheless it is encouraging that workers are contribute more to their retirement account.
I think David Herro's view on emerging markets makes more sense. Valuation is all relative considering the geopolitical, currency and corporate governance risks.
webreprints.djreprints.com/48738.pdfhttp://
It starts to smell like more baiting than constructive advice. Fact is there are plenty bond investors who are staying put and not willing to dive in the stock market when it is high all-time high. YTD return on bond this year has out-paced equity…
Fact is that Doubleline Total Return made money slow but steady over the past 10 years, while Miller's LM Opportunity managed to loss money over the same 10 years period. Miller is making the same bad bet on real estate while going into the recessi…
Art: Totally agree with you there. Please link below.
npr.org/blogs/thetwo-way/2014/04/18/304528064/china-admits-that-a-fifth-of-its-farmland-is-contaminated
Years of environmental neglect is catching up with them. Heavy metals (cadmium, nicke…
cman: One thing for sure there was more confusion now than ever. I moved on on all my Pimco funds to elsewhere. When Paul McCulley was at Pimco his views were much more clear and direct. Today there is a constant outflow from Pimco. The only sav…
