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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
We will be buying I bond this year. It will be paying 6.8% for the inflation.
TreasuryDirect is running slow and not getting all accounts updated on a timely basis. Check again today or tomorrow and both accounts should be identical.
That is one of the reason that I donate to PBS every year. Before Judy Woodruff, there was Jim Lehrer (passed in 2020) and Robert MacNeil, they were wonderful. The high quality interviews are something journalists today don’t do anymore. I am conf…
It is not uncommon the old stories get repeat again. Nevertheless it is useful to remind the readers what they need to prepare in case of recession takes place in 2023. Many still argue the recession will be shallow and short live, and everything wi…
The movie, “I, robot” (2004) starring Will Smith is quite enlightening on AI. The robots have gained self-consciousness of themselves and their surroundings, and they turn on the programmer and the human race.
https://en.wikipedia.org/wiki/I,_Robo…
Totally concur on Judy Woodruff !
Learned recently about her disabled son who changed her view on healthcare.
https://nihrecord.nih.gov/2017/10/20/woodruff-shares-personal-story-caregiver-son
In the long run, VWINX is a fine allocation fund for conservative investors. Wellington has a deep bench of managers and new managers are likely been a co-manager for several years before assuming the role as the full manager.
LewisBranham is spot…
@Old_Joe, I notice the same changes in bank CD yield too, but I don’t know more than you do. Wonder if that is related to mortgage lending and the demand has greatly reduced after rounds of rate hikes.
Right now there are few 2-3 years non-calla…
You can only edit the posts you posted, not other MFO posters.
Go the upper right hand corner of your post and click on the “wheel” icon. It says “edit” and from there everything in that post can be edit as you wish. You can post comment again.
Rebalanced a bit in November. Sold some energy and commodity futures positions and purchased another treasury ladder. Will have cash when better opportunities present themselves next year.
This year JG has been off on many aspects of bond investing. He was recommending long bonds as the interest rate was climbing, These days I don’t pay much attention to him and his funds.
At least Market Watch is disclosing that the information is generated using an artificial intelligence software. As one can see, it reported the changes of a pre-set numbers of stocks and report them along with few words. Rest be sure that is not m…
Thank you @davidmoran. Paul Krugman added more details on factors contributing to high inflation. Challenge is that equity is one of the few asset class that is a good hedge against inflation in the long term. At the moment, YTD of S&P index i…
The persistent high service cost is due the large number of workers who quit or retired during the pandemic. Restaurants are having hard time find enough workers even as they increase their wages. This appears to be a global phenomenon not just in …
@davidmoran,
NYT is behind a paywall. Would you please post a short summary? I have been following Paul Krugman articles when I get access to some of them.
@yogibb, I total agree that the Fed’s 2% inflation target is bogus since the situation is …
China is a “frenemy” to the West on many fronts. This Ukraine war brings out the supply chain risk and many countries are recognizing it. So much for the push for globalization - free lunch.
US is making move to reduce some dependence of semicondu…
@Old_Joe,
Great suggestion. Perhaps we can post our comments on @catch22 earlier post as the topic has changed direction that may affect the global market.
https://mutualfundobserver.com/discuss/discussion/60452/ihme-covid-model-for-china-china-…
The more pertinent question we should be asking is how this COVID fallout will affect the Chinese manufacturing capacity and the consequence on the global supply chain.
If the recent shutdown of Foxconn factory is an indicator of problem, this wou…
The more pertinent question we should be asking is how this COVID fallout will affect the Chinese manufacturing capacity and the consequence on the global supply chain.
If the recent shutdown of Foxconn factory is an indicator of problem, this wo…
It is all about creating their own narratives while they fail in every aspects of controlling COVID.
https://nytimes.com/2022/12/23/world/asia/china-covid-death-toll.html
Looking at a cynical view, a million death among the elderly would be benefi…
@Derf,
Equities carry different risk from those of CDs and treasuries. Value and dividend oriented stocks may have lowered risk. One thing for sure, tech stocks are still expensive as they continue to fail in meeting earning expectation. If recessi…
@catch, I did notice the FZDXX yield is reaching a respectable yield now.
Today, there are many choices. If you willing to go a bit longer in duration, treasury bills are yielding a bit more. As of 12/23/22, the 13 weeks (4.34%), 26 weeks (4.67…
That was my exact point! It was set up so there will be no auditing while he was in office. Also how did he managed to pay $0 income tax in 2020. Usually when there is substantial business loss in million$, it would trigger auditing and there was …
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…
