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
Same here. The political risk among EM countries has lots to be desired.
Read somewhere last night that PRC is getting involved (with cash) to contain the spill over into the rest of Chinese real estate sector when Evergrande defaults on the deb…
Rebalanced a bit over a month ago as everything appeared quite expensive. Looked foolish at that time. Now the bond positions are holding up very well. Think there is more uncertainties and downsides coming. Having cash is good these days.
Giroux’s annual reports are well written. His interviews confirm his sector positioning and buying strategies. At the height of the pandemic, I have cash but lacking the skills to take full advantage of the buying opportunity. That is why I hire a s…
Look like it was invested in TRP money market. Considering losing 2% annually to inflation is a small price to pay. When the opportunity presented itself as March 2020 where S&P 500 index went down 30% within 2 weeks, the 10% cash will allow on…
Thanks for the advice. I need to learn more about I bonds from the Treasury versus TIP funds and ETFs. In the meantime, I am maintaining a healthy allocation to stocks.
To be accurate on the fund's holdings, go direct to the source - TRP annual and semiannual reports. As of 6/30/21, the semi-annual report stated:
bonds, 18% = 10.4% bank loans and 7.8% corporate bonds.
cash, 10%
Options, 1%
Stocks, 72%
Noted that…
Thanks for the link. There are few viable options to counteract inflation when US stocks are richly priced and high quality bonds are providing below the inflation rate.
Really appreciate your input. I invested in PRPFX for several year but I moved on to other funds. I bought small % of IAU early last year and sold it in fall after it peaked. You are right that it is a very volatile ETF. Now that prices are rising o…
Yes he was. He was a different type of manager. His successor team never to replicate his investment process and they were replaced by other advisor at Harbor funds.
The article @Mark linked above clearly stated what “in-kind redemption”. The rich get other securities instead of cash. Thus that is not a taxable event. I would like to get the same treatment too with a few yachts and mansions.
There are other…
@Mark, I read the same article. I believe this applies to these authorized participants, not individuals, who don’t pay tax on sale of ETFs. Slick back-door practices.
The work location should not affect your work providing that the fund managers have all the tools and access to the analysts. For example, the former Harbor International fund manager, Hakan Castgren lived in Bahamas and he ran the fund just fine b…
Well, COVID is still with us. Many indoor events including restaurants require proof of vaccination or negative COVID test results. Still too many selfish people remained unvaccinated. We were hoping with vaccination that we would return to more …
More details from a WSJ article in Apple News, "Democratic Tax Proposal Takes Aim at ETFsBig money managers are bracing for a fight over Senate Finance Committee Chairman Ron Wyden’s proposal"
Senate Finance Committee Chairman Ron Wyden’s proposal a…
Vanguard International total bond index fund, VTABX, is often part of Vanguard 's target date funds. Low volatility but also low yield.
I agree EM debt is perhaps a better option for income investor. So what is so unique of VEMBX? This is a EM…
@Derf, I don’t have good track record on EM bond funds. Last ones I held were PImco from 2008 and their funds took over several years to recover. To compound the mistake, I bought too much at once instead building the position over 3-6 months.
Mark, trading of individual holding falls into the gray area where insider info can make a difference. Question is how much is too much? Officers in private companies can hold million shares of their own company’s stocks.
Thank you. Good interview from Arnott.
Mr. Arnott manages several Pimco tactical allocation funds: All Asset, PAANX, All Asset All Authority, PAUNX. Neither one is particularly outstanding through the full market cycles. Why is that?
What…
According to M*, the fund has 10% cash, 11% utility. Quite defensive. He is in good position when the market pulls back.
https://morningstar.com/funds/xnas/prwcx/portfolio
I recalled the moment clearly as someone said in my office, "what the hell is that !" What followed was 4 separate tragic events unfolded right in front of our eyes. Years later we visited the sites to our respect to this tragedy.
For sure Hasenstab is stubborn and stays in the wrong sectors for too long. Even today his funds are so so only. Surprise to see people still invest with him.
I used to invested with Mr. Hasenstab but the fund has been lagging the global bond category consistently for a long time. Many oversea bonds pay very little in dividends. Some are in negative yield as a result of QE !
It is likely a scheduled maintenance on Schwab's severs. One would plan to schedule at midnight hours in order to minimize the disruption for the customers.
Exactly. Vanguard only allows cancel order early in morning. Other times are not okay even if you call their agents. I will talk with their Flagship service first to see if I can get into the Investor shares first. Afterward i can add up to $25k p…
@Mona, thanks for the reminder of Odyssey funds. I am a Flagship client, but I don’t use their advisor services. Not sure the process of getting into Vanguard PRIMECAP funds. Vanguard Capital Opportunity is managed by PRIMECAP and is similar to thei…
It appeared the change of management team from Barings to Cedar Street since 2019 has improved the performance. Brodsky and Mozes have done well in this international small cap value space.
I have better luck with smaller cap growth funds than t…
@msf said:
One cannot open a new account in a Vanguard PRIMECAP fund (Primecap, Primcap Core, Capital Opportunity) unless one is a flagship customer at Vanguard. As Vanguard closes other funds it usually (but not always) continues to make the funds…
I use multiple brokerages in order to gain access to many funds. My experience with Vanguard is satisfactory even though their website is dated relative to Fidelity or Schwab, for example. Once your asset level reach Flagship status at Vanguard, y…
Kiplinger says that Vanguard and TRP "declined to participate". Perhaps what this means is that Kiplinger is still waiting on their customer service departments for responses:-)
That is funny. TRP has cut back on many services. I used able to acce…
