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wxman123

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wxman123
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  • I'm a Cathie Wood fan. You need out of the box conviction if you really want to outperform. I remember watching her on CNBC a few years ago where she explained her TESLA thesis while many others were talking about eventual liquidation or acquisiti…
  • Own it, like it. Love PRBLX but have large chunk of wife's retirement money tied up in that one. Endeavor has outperformed core over time, but with more volatility.
  • I'm a Cathie Wood fan. You need out of the box conviction if you really want to outperform. I remember watching her on CNBC a few years ago where she explained her TESLA thesis while many others were talking about eventual liquidation or acquisiti…
  • For those interested, T-Mobile money (FDIC insured) is paying 1% on all balances.
  • @wxman123 -- Bank MM funds yield around 0.4 to 0.5%. FDIC insured so 100% risk free. Are you expecting your near cash holdings to provide a higher return? Yes, that would be the objective but doesn't always work out. Over the longer term, these "nea…
  • But since I use MERFX as a cash substitute, 2%-3% per year is fine with me The problem is for me a cash substitute fund cannot have sustained a loss greater than 2% in a year, and preferably no loss ever. Why take the risk with such meager returns…
  • @sma: The steps you list are exactly what I did too and I was able to re-establish my Schwab download links to existing Quicken accounts. However, all of my dividend and reinvest transactions come into Quicken as ReturnCap or some such oddly named …
  • >> I have not and never will touch one >> I've owned DSEEX since inception You still have not gone into your reconciliation of these two opposing statements of faith, have you? Since the mfund sorta is / sorta is not half (+/-) compose…
  • >> I have not and never will touch one Is owning DSEEX not worrisome? (Aside from 'price drop was shocking .... Seems like this has to be some type of distribution but I can't find anything saying so. Any ideas?') I've owned DSEEX since i…
  • Upon my search of MFO site, I am surprised to learn only four posters (incl @carew388 & MikeM2) indicated owning this fund. I would have thought it would have a wider ownership among MFO posters. I own it. Happy.
  • >> ETNs carry the risk of being dissolved by the issuer with little notice and the risk of the issuer (Barclays in this case) failing. What would that mean here? What could one lose? What are you saying? ETN's are underwritten by banks and c…
  • It uses derivatives for equity exposure. So, much of the capital gain shows up as realized CG. Check its history. This is the same issue with many Pimco equity funds. It is best to hold such funds in tax-deferred/free accounts. Yes, I'm aware of th…
  • Yes, this morning the update worked after hours of effort over the past few weeks...with one glitch remaining. In some of my Schwab accounts the update indicates there are transactions to review...but when you look at the register there are none. …
  • Thank you! That's a sick distribution, thankfully I hold "most" of mine in a tax deferred account.
  • I got all four of my Schwab accounts to work over the weekend, spent hours reconciling the downloaded transactions with reality, and yesterday some worked some did not. The one's that worked yesterday today do not work. Sometimes the "fix it" dial…
  • Do not equate something like this with a cash alternative; it's not (though a very good fund). I made a similar decision to purchase Merger fund in June. One of the steady but boring funds, and I'm down 2.6% since the fund took a pretty atypical di…
  • I don't think it makes sense even to consider removing a fund based on one day's performance. If you compare FMSDX with WBALX on PV it appears the two funds are highly correlated, with FMSDX just significantly better.
  • I prefer VNLA in the short duration space, though having a poor year. That being said, my general thinking is why take any risk when you can get 1% in an online account? T-Mobile money (through customers bank) is offering 1% right now, FYI.
  • I bought BrandwineGlobal High Yield (now BGHIX) when it was still at the Diamond Hill house (Diamond Hill HY, DHHIX) and purchased the institutional class with a low minimum (not sure exactly what it was, but sub six figures) at both vanguard and Fi…
  • Why not BGHIX? I've lived with this fund for years (including prior to the recent BrandwineGlobal affiliation), and its fantastic.
  • I've been happy with IQ MacKay Municipal Insured ETF.
  • If you want to leap outside the higher investment grade categories of Intermediate Core/Core Plus, I am a proponent of starting to dabble in Floating Rate/Bank Loan funds. This category has been one of the most consistent and strong categories for …
  • In this general space at this time I like WCPNX and LFLAX, and as always PIMIX (still my largest bond holding, trust earned over time even if performance is not the "best"). Going out on the HY limb I really like BGHIX, riskier but stellar.
  • I like WCPNX, would have held that versus the alt investments you refer to. That said, I think both are good choices in the space and you could buy each as they do not move in tandem.
  • Many fine point along this discussion. Yes, FSRRX won't perform well during low inflation periods. I like Vanguard Global Wellington (VGWAX) in addition to VWIAX. These and other funds should be the core of a portfolio. I like FSRRX, VCMDX, COM,…
    in FSRRX Comment by wxman123 October 2021
  • While I'm a big fan of VWINX, I don't feel that comparing it with funds that are very different in composition is quite cricket. VWINX has had a 40 year tailwind (falling yields), while real return funds have had a headwind over the same time fram…
    in FSRRX Comment by wxman123 October 2021
  • What would be the use case for such ETF's? It would seem to me that you are assuming some amount of default risk for very limited upside in a vehicle that would likely move directionally with stocks. I would think something like BSV would be far b…
  • @waxman who said "Leveraged loans and BDC's, stay far, far away IMHO." Would you care to elaborate? Sure, these are very volatile beasts that can be traded but are not good long term investments, in my opinion. Since 2013 BIZD (an etf that holds B…
  • Another high yield ETF I reviewed was VPC, a newer private credit fund with good performance but an expense ratio of 5.53%! The base direct ER is 0.75%, while the remainder is attributed to AFFE (Acquired Fund Fees and Expenses). Granted it is a f…
  • Really like HNDL, the others meh except for HIPS which is a train wreck.
  • Really like HNDL, the others meh except for HIPS which is a train wreck.
  • Firstrade: A Short Term Redemption Fee of $19.95 will be applied to redemptions of mutual fund shares held less than 90 days. Broker-Assisted redemptions will incur a charge of $19.95. Redemptions of less than $500 will incur a $19.95 fee, unless th…
  • MERFX collapse was due to the collapse of the Aon/Willis Towers Watson merger agreement. DOJ had argued merger would reduce competition and raise prices in the insurance industry, so merger was called off due to regulatory concerns. This was a $30 b…
  • @wxman123 Interesting EFT...an ETF fund of ETF funds...I charted HNDL against VWINX which appears to have a similar bond/equity mix...obviously not the same sectors. HNDL overweights Tech, Energy and Communication Tech. Read about HNDL's methodol…
  • Obviously the Diamond Hill HY team is great, I've been with them for years and very happy. My existing Brandywine fund (LFLAX) has been just as great in its own right. You might want to explain what you mean by "just as great in its own right." I…
  • The article concludes: "As the name says, the stocks and funds inside pay out a 7% average dividend today." There's an etf for that, HNDL. It's been pretty well optimized during its short history. I like it.
  • Obviously the Diamond Hill HY team is great, I've been with them for years and very happy. My existing Brandywine fund (LFLAX) has been just as great in its own right.
  • Just looking at the numbers on PV it would appear that global wellington is a less good version of regular wellington.
  • Thanks for the HY suggestion, AJ. I now want to focus on a safe allocation fund with low fees for my taxable account, and I've settled on VTMFX which is roughly 50/50. It will be my core. No more procrastinating. I can DCA into VTMFX and let …
  • For a core ETF I like FIXD.