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
Another approach is to use M* portfolio X-ray tool, which is available free from T. Rowe Price. Registration is required. The tool provides the overall cost (from MF), breakdown of US vs international equities (large and small), bonds, cash, and s…
For what it worth the fund is appointing/promoting a long time analyst as a co-manager. Not sure the reason(s) for Ken Feinberg's departure. He has worked with Chris Davis for well over a decade. Anyone has more information?
selectedfunds.com…
Reply to @Junkster: Reminds me of all the "sophisticated" investors seduced by Bernie Madoff. Let's revisit this in a couple years.
I couldn't agree more. Be careful...
Adding more to:
American New World R5, RNWFX (40% EM)
Franklin Mutual Global Discovery class Z, MDISX
Yacktman, YACKX
Vanguard Healthcare ETF, VHT
Vanguard Europe ETF, VGK
Selling:
Doubleline Total Return, DBLTX and add to Eaton Vance Bond, EVBAX (…
Reply to @cman:
ETF combo EFAV,EEMV,USMV - all available commission free on Fidelity at much lower ERs and more tax efficiency would provide more flexibility to a portfolio and with no minimums.
Yes these are good options. Here is more information …
While traveling oversea we use credit cards exclusively for fraud protection in addition better exchange rates than those local banks.
Debit cards are easy to get, but one have to watch it carefully. There is no free lunch in today's plastic mon…
Reply to @BobC: But when you combine a 4-5% annual withdrawal in year one of retirement with a bear market, it has the makings of a disaster for long-term survival. Think about starting retirement and withdrawing 4-5% in 2007 and 2008, and combine t…
Thank you. Good stuff. Here is another recent interview with Don Yacktman, and he is getting conservative given the market valuation.
wealthtrack.com/special-series/great-investors-series/donald-yacktman-great-investor-turns-conservative/
The tra…
Reply to @David_Snowball: I really appreciate you took the time interview with Greg Jackson and John Kim. The situation when Samra and O'Keefe left Oakmark International fund is somewhat different from the one that Jackson and Kim face today. Fir…
they'll close if the fund becomes big enough that they have to hire somebody to help with it (no analysts, no marketers, no administrators - just the two of them)
Greg Jackson and Mike Welsh put up very strong record in OAKGX since inception (2…
Reply to @David_Snowball: Thank you for you input on ARLSX. How would you compare this fund to Marketfield, MFLDX in drawdown and absolute return?
The institutional share of Marketfield is closed to new investor. However, a new "P" share. MFPDX…
Reply to @Investor: Good pick. I am considering moving from Vanguard Wellington to Osterweis Strategic Investment, OSTVX for the same reason -short duration but lower quality bonds than that of BUFBX.
Reply to @hank: Oppenheimer, Franklin and others are commonly used by advisors. The more conservative houses such as T. Rowe Price and Vanguard have done their jobs for their shareholders.
Another article includes funds with greatest exposure to Puerto Rico munis.
kiplinger.com/article/investing/T041-C007-S003-puerto-rico-bond-risk-to-muni-funds.html
Reply to @VintageFreak: Once I can no longer understand AQRIX strategy, I sold my entire position in Q1 2013. You are right that the mid-year drawdown was not pretty. So much for the "risk parity" strategy.
Look like everything experienced the same issue with Win 8. You can still find Win 7 computers in many on-line stores such as Amazon.
If you get tire of PC, consider to switch to iMac and all your frustration would go away... We have both platfo…
enants of these Wall Street-backed rental companies have also posted hundreds of scathing reviews on Internet message boards, such as Yelp, Topix and Zillow. (These sites also include a sprinkling of positive comments, though they comprise a distinc…
Reply to @Charles: Jumping into the market when it is hitting all time high is not a good idea. Remember the budget fight will come again in 3 months from now as the can got kick down the road...
Reply to @scott: At Fidelity, Mainstay offers a "P" share of Markerfield fund, MFPDX, as a transaction fee fund ($49.95). Identical mandates to the institutional share MFLDX.
https://fundresearch.fidelity.com/mutual-funds/summary/56064B662
Reply to @hank: Exactly, those are the by-gone days when Radio Shack was the go-to store for everything pertaining to electrical and electronics. Sadly they are going down the same path like other iconic US companies - Polaroid, Kodak,and (soon) Se…
I don't get it. Job number is not that strong at all. See interview below.
bloomberg.com/video/u-s-private-employment-data-abysmal-swonk-says-eVKMHnYKTQCF_xxSzStMCA.html
Are investors too optimistic??
Reply to @Kenster1_GlobalValue: The risk profile of Steve Romick's fund is the opposite compared to Bruce Berkowitz's FAIRX. Many investors (I believe these are hot money) left FAIRX during 2008 bull market after FAIRX lost 30% and another 33% los…
Reply to @VintageFreak: It is NOT common for FPACX to have high cash position when the stocks/bonds don't meet his criteria. Often the fund lags during the bull market, but it tends to hold up well in downturns (i.e. 2008 and 2000-2002). Over the …
