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.
Support MFO
Donate through PayPal
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
Charles Rettig was appointed to head the IRS in 2018.
https://marca.com/en/lifestyle/us-news/2022/12/22/63a4398ce2704e6b9c8b458f.html
In the meanwhile, the tax returns of two former FBI agents, James Comey and Andrew McGabe, were audited.
https…
From the original source (CDC data) of @LewisBranham’s article above. The leading causes are COVID-19 and drug overdose deaths. Surprising that COVID related death ranks #2 since the pandemic started.
Further breakdown of the data is in Figures …
Here is a snap shot of Bengt Serger, the fund manager, and a global fund (
C WorldWide Global Equities 1A ) he co-manages.
https://citywire.com/wealth-manager/manager/bengt-seger/d14658?periodMonths=60§orID=3745
Can’t comment much beyond …
I read Vanguard's Outlook article too. I felt it was useful for me to predict 10 years out given there are number of crucial variables that are in play. For example, did Vanguard predicted the impact of pandemic events?
Difficult to predict when the Fed may pivot. Right now there are is a diverse viewpoints for 2023. Some painted a bleak picture including a recession, high unemployment and sticky inflation.
https://reuters.com/markets/us/recession-drumbeat-gets-…
Good point. FMIJX is currency hedged int’l fund. FMI also has a unhedged version of the same fund, and the income distribution part should be much smaller.
Such illiquid securities are allowed in fully transparent ETFs, but then PRWCX would be tipping its hand as to its holdings every day, opening itself up to front-running in securities that are hard to trade.
Front-running is bad for existing share…
TRP would be the best to give you the correct answer. Pretty sure you can put in the entire $250K. Transferring asset to TRP requires signature guarantee at your local bank.
I thought about it when it was made available. Since we own PRWCX in mu…
@MikeW, you can gain access got PRWCX through TRP Summit program.
https://troweprice.com/personal-investing/about/client-benefits/index.html
If you scroll down, there are several level of Summit investors, depending on the level of asset in TRP.…
@rforno, Sell any fund with TSLA in its top-10 holdings, to include index funds
I did exactly that in the beginning of this year on two funds for different reason - richly valuation. Found several substitutes without TSLA and they performed much b…
During severe drawdowns in 2008 and 2000, NASQD and Russell 2000 fell the most, follow by the S&P ~ Dow. As I recall, the interest rate and stock valuation situations are different in every bear market.
This year, Dow sustained the least dam…
Musk is now banning others from promoting alternative social media sites. So much for free speech as he claimed. He fired the Twitter team that monitoring the user content (not that they were effective to begin with).
https://nbcnews.com/tech/soc…
@hank, Back then I did not appreciate Marks’s unique strategy with his VG fund, and I chose other managers including Michael Price and later David Giruox. Even though they are not Apple to Apple comparison, the end results worked out for me. Long i…
@hank, love your phrasing In a nutshell, Marks looks for whatever appears “cheap” at the moment. (I affectionately term this practice “dumpster diving”).
His strategy did not fare well at Vanguard as I recall and Vanguard dissolved the relations…
There is no excuse for what he is doing to freedom of speed, so he calls it. Many advertisers have since moved away from Twitters. This hits Musk’s bottom line and he is now seeking now revenue to maintain the business. Couldn’t happen to a nicer …
The 5.5% is the projected rate if the Fed continues their path of rate hike. We are all guessing at this point. Yes, I have been checking the pricing since you brought it to our attention. Many non-callable 12 month CDs at Fidelity are yielding 4.6…
Penny stocks are those from the pink sheet, Russell 2000 index. Low priced stocks still have earnings but you really need to know what you are picking and I don’t quite honestly. That is why I hire experienced fund manager.
In this space, I like…
@Old_Joe, I have been checking them too at Fidelity. Next week I hope to see more CDs with higher rates. For next year I am positioning the cash position to have 4.5-5% total return and that is quite doable. This year the stocks and bonds are in re…
Stock picking is very tough for average investors including myself. I hold only a handful that I know and keep track of.
Be careful with penny stocks since many have NO earning. I much prefer investing through experienced fund managers and not ETF…
Will buy another treasury ladder this weekend from our large cash position. Will continue to do so as one matures and rotates into the longer duration ones. Sometime next year we will dip back into bonds again.
Thanks @davidmoran, always enjoy Paul Krugman views on inflation. After Wednesday’s rate hike, investors are now fear of recession more than inflation.
@sma3, unless your phone is compromised with malware, the unique IMEI # associates with your phone/SIM card could be at risk. Breaking the 2FA is not that trivial as it made out to be. The user gets to choose what the other factor is in order to i…
Agree. Many funds are having sizable redemption not only from a bad year, but other are finding ETFs are viable options. PRNHX is down over 30% YTD.
In smaller cap space, I still prefer active managed funds over indexing.
There are several parts of the Secure Act 2.0 that improve the current situation on retirement saving.
One is to ensure workers to have access to some form of retirement saving. Many people who work for small business (full time or not) do not hav…
@carew388,
The drawdown in March 2020 was sharp and short-lived. There was considerable pressure on Powell to rescue the market. Cutting short term rate to near zero, 0,25% to be exact, while increased the quantitative easing policy (buying bullio…
If your loss exceed $3,000, the remaining balance gets carry over next year.
Back in 2008, I incurred capital loss that covered next several years. If I would be more patient, these funds would have recovered in several years. In the retrospect, …
I tend to agree with your assessment. It is challenging to stay with the 4% rule since many folks investors are having double digit loss this year. It is a question for them if they can afford to or not?
Forecasting market return is challenging. Some of M* assumption are a bit off. CPI remains elevated and Nov 2022 is at 7.1%, far from the 2,2%. This year the broader bond index, BND, is down -13% in 2022. It will take a few year for bonds to normal…
You can still sell but this year distribution has already been added to the cost basis. Also the wash sale rule will be apply.
Ideally, you want to sell the entire position BEFORE the record date so to avoid the year end distribution. After 30 da…
Today’s treasury yields. Not much changes.
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202212
Here is an article from NPR that provides more details on the laser-induced nuclear fusion experiment.
https://npr.org/2022/12/13/1142208055/nuclear-fusion-breakthrough-climate-change
It is important to understand how to translate a single experim…
Unfortunately Tesla is big enough to be the 4th holding in S&P500 index. Also it is widely held in many large cap growth funds as shown below. Not easily to avoid it in your investment, even ESG funds.
https://finance.yahoo.com/quote/TSLA/ho…
