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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
This Associate Press article describes the working process and people involved in an attempt to overturn a democratic election process in George. Chesebro is only one the figure but the entire Georgia GOP was behind this.
Quite chilling and this …
One needs to assess the situation carefully:
1. Returns after the annual inflation. This year is about 3-4%.
2. Returns after federal and state tax. These instruments are tax as ordinary income on federal level. T bills are state tax exempt.
If…
I believe D&C is changing their funds to institutional shares and they need to be registered with SEC. They are still sold through Fidelity Retail brokerage, but it has not been completed yet.
Loeys is avoiding government bond, high yield, and oversea (currency) bonds while he is okay with foreign stocks. Also he is avoiding commodity and tech sectors and they can be added when necessary. So there is some level of customization in his a…
Agree. That following article has additional details.
Interesting quote coming from JPM asset allocation expert.
The danger is that many of us tend to overrate our ability to call the market short term. It is our perception that the most succe…
Nice article for owning more bonds than stocks. It has been challenging this year when investment grade bonds trail junk bonds by a wide margin. With the recent geopolitical turmoil, treasury may return.
Matthews Asia funds were the go to shop for investing in Asia. We left then when Andrew Foster left to form Seafarer funds which we are happy investors. Never hear the whole story on how Matthews went downhill quickly.
My limited experience with small cap indexes have less than satisfactory, but will track IJR and SPSM as you recommended. Right now, small caps are far from being “fat pitches”, at least for us.
This year is challenging for smaller cap funds when the broader index is dominated by the large tech stocks. Only one out three, FMIMX, did decently, the rest trailed considerably. So we pause until the market broaden out. Not indexing in the smal…
Over a 10 year period, 2013-2023, 40% of annual performance in the bottom quantile (2013, 2018, 2.21 and 2023). Think there are better funds out there.
US inflation the last year has been under 4%. .
Exactly. Cash position is for short term only to pay bills and others. Stocks, the most volatile asset class will likely be ahead of inflation in the long term.
When money market pays little for …
Mohamed El Erian actually said, … adopted a “barbell approach”, allocating more of his personal portfolio to low-risk cash and cash equivalents paying decent rates of interest, while at the same time increasing his exposure to much higher risk dist…
Personally I don’t think so. Treasury Direct is set up to run by itself, and transactions don’t require human action. You put in your order (redemption) and the system will able to execute the order.
Now trying to talk with a live agent on a ti…
Crap, that is a lot of money lost! Just the three top funds ETFs, they sum up to $40 billions.
I can see ARK Innovation ETF, can loss ton of money from speculative bets. Vanguard Total bond market index, BND, for example, is in just about every…
In light of this year interest rate environment, RSIIX has done exceptionally well with little volatility. Who would guess that quantitative tightening is affecting the longer end of bonds. Your interview was most insightfully and I really apprecia…
Adding more to 6 month T bill and RSIIX, River Park Strategic Income, Institutional. This fund is on NTF platform at Vanguard whereas Fidelity charges $50.
David provided a detailed write-up on RSIIX/RSIVX.
https://mutualfundobserver.com/2023/04…
Those FR ETFs are doing well this year. Other FR/BL funds are up 8-10% YTD. As short term junk bonds, they do have downside risk during stress period such as March 2020 (COVID-19) and lost in high single digits. BL/FR recovered in the same year as…
Agree than 3 month T bill is good for yield over 5.3% (1/4 of that for 3 months). So I am buying longer duration T bills, 6 months and 1 year T bills. 6 month is the sweet spot.
Buying individual T bills and rolling it when they mature takes a …
@junkster, as imperfect as it may be, I use BKLN ETF as proxy for BL/FR funds. It peaked on Sept 15th and has been trending downward ever since. Are there better alternatives? I hold majority of BL/FR in PRWCX. The fund holds about 10-15 % BL and …
@ Crash, as of September 9th, @junkster said ,
I trade only bond funds because of their persistency of trend combined with their lack of volatility. There are exceptions, but since 2000 there has always been a bond category that has beaten the S@P…
The longer end of yield curve is moving up since September. Today, the 10 year treasury yield rises to 4.81% from 3.79% as of 1/3/2023. Bonds got crush...
Bought 6 months and 12 months treasuries this week as other T bills matured. Will watch on…
The Continuing Resolution passed is far from a clean bill. it has over 700 pages that the members supposedly to read through them and make a quick vote. As @Old_Joe eluded to, this is another case of kicking the can down the road.
Will see how M…
I prefer Adam Schiff for the next senate election. The memory of Senator Feinstein will live on for many folks for her contribution to our society.
Edit: an article from VOX.
https://vox.com/politics/23895685/dianne-feinstein-dies-california-se…
These are the “magnificent seven “ tech stocks (not Berkshire Hathaways) that contribute to majority of the gain in the S&P 500 index is year. Additionally, this implies the other 493 stocks are doing merely so so in this narrow breath environme…
@dtconroe, probably won't affect individuals as much. Shutdown will however interpret air traffic control and business travel. Also active duty soldiers will not get paid.
Following @Old_Joe's instruction.
https://ibb.co/80gFbM4
If I import the URL into the picture icon (third from the right), I do not get the picture from the URL.
@Yogibb, please advise.
Robo investing does work given time and patience. For example, many state sponsored 529 plans employ low cost broadly diversified index funds. The state adds a smaller layer of fees as the administrator. Overall fees are still very good. Automatic…
@msf, Vanguard often written things in simple language. Many may interpret Vanguard being a plain old indexer and that is simply untrue (have equally number actively managed funds).
As you posted the comparison between different PAS plans: Digita…
Recently we have started working with Vanguard PAS Select program and have a dedicated advisor. Our ultimate goal is to have a human advisor to oversee our finance if and when I go before my time, and my wife and kids will be well care for. For no…
