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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 noteworthy multi-sector fund to consider:
Eaton Vance Bond, EVBAX. Managed by former co-manager of Dan Fuss, Kathleen Gaffney on a small asset basis compare to that of Loomis Sayles Bond. Front load is waived at Fidelity brokerage. In it…
The second interview is even more informative than the first one. While Bill Miller is making a compelling case for Apple stock, I am not sure of his overly bullish sentiment.
Looking forward to the third interview.
Reply to @bee: Can't open the article from your link. Let's try this one from Bloomberg.
bloomberg.com/news/2014-01-04/tax-break-for-ira-conversion-lured-10-of-millionaires.html
While the thesis has merit, this fund carries a front-end load, 5%. There are other solid no- load MFs out there including FPA, Oakmark, FMI and Harbor.
Reply to @Ted: In early last year, I sold both Pimco and Doubleline Total Return funds and added to Eaton Vance. An experienced manager and small asset base are good formula to do well. While Dan Fuss is near 80, he still has two other experienced…
Another comparable multi-sector bond fund, Eaton Vance Bond has done even better in 2013 with 7.8% total return. It is managed by Dan Fuss's former co-manager, Kathleen Gaffney along with 2 co-managers. Overall portfolio makeup is similar with hig…
Reply to @cman: I am beginning to think Minimum Volatility is something dreamed up by the marketing departments as what customers may be looking for in the current environment. The same thinking that led to Absolute Return funds, Market neutral fund…
Reply to @slick: Glad to hear you are finding the tool useful. We use VIG in our taxable account and VDIGX in tax deferred accounts.
Years ago I manage my parent's retirement accounts through Merrill Lynch, but we moved to Vanguard for many rea…
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.
