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
That is a lame excuse. Any credible tax preparers would require to report all income sources beyond his government salary including gifts and free trips. These are sizable $ and not several hundred dollars. The Thomas intentionally hid these free …
@hank, Also Fidelity tool is very good to analyze your portfolio and % exposure to certain stocks, although not as neatly as those from M* portfolio X-ray analysis. T. Rowe Price used to make the M* too available to their investors, but now they o…
No, he won’t quit Supreme Court and Chief Justice Robert’s cannot fire him.
Thomas has been doing this for a long time. Not reporting these gifts as income to the government ethic oversight is a serious problem. Wonder if he report these as gifts…
The tread that @stillers posted above said it all about Grandeur and their investment approach. Think they share their same analysts with Rondure funds and their performance has suffered as well. Like @Chang stated that the company cannot owed up t…
The market concentrates around Mag 7 is concerning. Are we riding on a bubble or this time is really differs? Except for US, the economy across the globe is slowing including China.The past week UK and Japan are officially in recession. Is US the …
Good to see that you are lowering the risk (TUHYX). PRCPX may prove to be an excellent fund for income investors. Still have some work to do on Farris G Shuggi’s track record before adding the fund.
You can also profit from the eventual rate cu…
Actually all that NATO funding talk is really a mask for “isolationism”, and not about $. We will not get fool again.
https://pbs.org/newshour/world/watch-live-vice-president-harris-speaks-at-the-munich-security-conference
Isolationism in US was …
That is for sure in order to avoid a serious financial setback.
Unless the case prevails in appellate court, he has to pay the judgment. Since this is a civil fraud case and not relate to campaign activities, he cannot use PAC or RNC fund to cov…
@crash,
If the market slides into recession, junk bonds will go with it. Given the low employment and strong growth, recession risk is declining in my opinion. PRWCX in your portfolio has about 10% bank loan/floating rate bond, thus I would not ad…
@Observant1 said: The increasingly narrow concentration of the upside part of the market is what most concerns me. How much longer can that go on? History suggests it will not be forever. And, then, what comes next? I am rooting for the inflation r…
But during the oral argument she called it “paradoxical” that a president’s duty to faithfully execute the laws would allow him to violate them. That characterization is reflected in the final opinion, which calls Trump’s position “a striking parad…
@hank and @Observant1,
Without the Magnificent Seven, the 493 stocks in S&P500 are doing so so and the smaller caps are trailing considerably. So where are the opportunities today in this high valuation environment ?
How long can this goes o…
@BenWP, US-style capitalism has favored shareholders (not necessarily an equitable division of profits), but EM firms have funneled the dough into the hands of corrupt officials, founding families, and antidemocratic governments.
I couldn’t agree …
Many brokerages post bullish forecast on EM for many years. Relationships between China and US have deteriorated in recent years and many firms are moving their supply chains to other countries.
Also foreign investment is drying up in China. Ther…
Mike Wilson has had opportunities in fall 2023 to adjust his views as more data became available. He struck to the inverted yield curve narrative too long. One would think there are ample resources at MS that he can lean on in order to see other …
Thank you for the updates. The economy is a lot stronger than expected. Agree that rate cut will likely be later this year.
Just about all bonds were down today after a nice run up this week. Bought more PIMIX.
Dollar went up too as oversea ma…
Don’t worry about money. He is burning through PAC donation to cover his legal defense. Yet there is the New York case and the DA is asking for over $300M penalty while the Organization is banned from doing real estate business in New York. That h…
Tough to say one way or the other. Market likes to see cutting in March. Others May said in June or later. Cutting late may increase lithe likelihood of recession, but the counter argument is the low unemployment number. Cutting too early when…
Is today’s market rational and so relies on the Magnificent Seven stocks ? Equal weight RSP, lagged S&P 500 by a wide margin last several years. Will the tide turn this year but I hope so?
@Art, NDNA NVDA, NVIDIA is one of the Magnificent …
Agree with @stiller on debt card. Electronic theft is not talk about enough. Thieves often set up “skimmer” on card readers outside the stores such as gas stations, and get the card numbers from the credit cards or debit cards. Knew someone who ha…
In term of cash flow, the cash bucket is secured based on your annual living expense minus social security and pension $ for say 3-5 years. Emergency house/car repair can be factored into that cash bucket and back fill that over several years.
S…
@fed495, I apologize and stand correct as @JD_co and BaluBalu noted above too. For a moment, I confuse muni bonds with US treasuries. I correct the above comment.
dividends are 99.9% tax exempt in my state
@Fred495, if I am correct, treasury bonds/ ETFs are federal tax-exempt, not state exempt. TFLO invests in floating rate treasury similar to that of USFR, WisdomTree treasury floating rate ETF.
Edits: …
Excellent suggestion. The cash bucket can cover yearly withdrawal for several years without worry the ups and downs of the equity bucket. And there are good options with T bill ladder, CDs, and high yield money market as the cash equivalent.
I use both for different reasons. Large liquid ETFs are okay whereas thinly traded ones can be volatile. Not everyone has a $1M to get into PIMIX, but Vanguard customers can get in with $25K. PLYD has a reasonable daily volume (189K) and it can be p…
At least you have income from social security and pension (?) and the rest of balance from taxable account.
We switched to Roth 401(k) when it became available. The market has been kind to us, so we are facing RMD with our traditional tax-deferr…
@hank and @Old_Joe, PYLD is the ETF version of Pimco Income, inst. PIMIX; run Dan Ivascyn and his team. Hank has picked one of the best multi-sector fund in this category.
Think @johnN is now driving a new Tesla with the huge run up on Tesla.
Personally we will not buy EVs due to their poor reliability in cold weather. Lithium ion battery performance drops precipitously at low temperatures as many dead Tesla failed …
Many great punch lines from Being There, and they seem to fit so well in various situations.
“I like to watch” with Shirely McClain in a bedroom. Chauncey likes watching cartoons.
Recent rapid rise in equity (16% since Oct 23) have us worry and US stocks are expensive. Rebalanced several % of stocks to short term junk bonds and cash equivalents. More T bills and CDs are maturing in coming months, but cannot see anything part…
Thanks all for the safety oversight info. Now I am getting very worry even though we fly moderately. 737 Max aircraft is widely used in major airlines.
Good article, indeed. Interesting that they even mentioned deglobalization and supply chain changes. If this change becomes permanent, the investable universe would becomes much smaller.
@Crash, Devo, our MFO contributor posted a nice article o…
