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The brokerage account offers SIPC protection. The regular account does not. Although this is probably no issue given it's Vanguard I'd rather have the protection than not. This advantage outweighed any disadvantages in my case so I made the switc…
Oh, sorry, nothing all that esoteric. I have always bought blends and tweaked them. At least for the 50y I have been drinking whiskies seriously. I am not a finicky single-m type. I love Macallans, most; Balvenies, all; Highland Parks, all; and Glen…
I have owned a number of these, but my current holding and favorite is PGBAX. Also check out Principal's relatively new etf, YLD. Looks very nice but be aware despite its decent AUM it seems to trade with low volume.
I like to have a variety of bond funds since you can often find bargains in one segment of the market while others are rallying. For the past few years I've been picking up shares of GIM and now it's finally paying off. Patience and faith required!
I love DSENX and own it but I don't fully understand it. What I do know is there is no free lunch, and so when you have out-performance like we have seen you need to expect a reciprocal downside. That's why the fund is a relatively small player in…
My theory is that equal weight is OK for satellite positions but should not be used for the core of your stock portfolio. The core IMO should be certain to track the stock market. VTI serves that purpose, and it's a 100% guarantee. Any shift to …
I'm a big fan of PGBAX. Had a bit of a rough patch due to heavy stake in MLPs, but recovering nicely. Also as to NWQAX you may wish to consider its CEF cousin, JPW...one of my only recent buys in this space, selling at 11% discount.
I wonder what vehicle was holding the equities, probably private hedge fund? IIRC Doubleline closed its equity mutual fund due to dreadful performance.
I like every fund mentioned above but if you don't already own it, its BIV all day every day. Great overall performance over every relevant time frame, up in 2008, only one down year ever, a mere 3.58%. Great solid portfolio, inversely correlated…
SDOG has better 3yr record compared with SDY and is equal weight, which is a feature I really like in this space. SCHD IMO is the single best dividend style ETF though its under performed lately as investors chase the slightly higher yield of DVY (…
, my downside feel is like 55% at the moment.
A decline of 55%?!!
Ha, no! I sure hope not. My thought when writing this was that there was only a slightly better chance of a major decline as compared with the current range-bound market or rally…
I think that's probably the right call, but down 5%, 10%, 30%? No one knows. So, how does one know when to get back in? I'm all for taking profits here and there, but unless you're prepared to be out for good there is a great risk you'll buy the …
Ha! Ha! I took some off the table Tuesday and Wednesday. Since I am apparently part of the herd we probably will regret it. Junk bonds are still hovering just a few percent off historical highs on a total return basis. It's the bank loans that b…
Well, his stock fund (admittedly run by someone else DL) recently closed, not to new investors, plain closed. Gundlach's best ideas are in his hedge fund which is part of a sleeve in Rivernorth/Doubleline Strategic Income Fund...and Rivernorth some…
So short utilities and go long mortgage reits. I'm a huge Gundlach fans re mortgage bonds, but he has some wild ideas outside that box. Let's all meet back here in a year and see how that trade worked out. I doubt it will be pretty.
If you don't mind new and thinly traded, I've been happy with ROAM since I purchased it. I hold a much larger stake in Seafarer but wanted an ETF to pair it with.
VILLX, was a great fund until it wasn't. the Conns holding was the last straw. Quite clearly, beating the averages requires a concentrated portfolio and the risks thereof. In good times, things are very very good. But when things turn.....
And of course interest rates can fall even from here. And anything less than investment grade might get crushed. The argument you made re interest rates is the same one that has been made for years now, and it's been a very bad bet.
"It's not just what happened lately".
To repeat my point, what happened lately (if there's a sizeable performance difference) distorts comparisons in all time frames. If it's not just what happened lately, let's throw out the past year (4/1/15 …
Well, the performance of BIV dates back to 2008, it's not just what happened lately. It beat the funds you mentioned over the last 5 yrs. In 2013 when treasuries got killed (TLT down 13.37%) it is true that BIV had its "worst" year ever, it's ON…
Pretty hard to beat BIV in this space, and doing so would be a lucky guess that could go the other way. It's #1 on MS ytd, 1yr, 3yr and 5yr. Only one down year since 2008 and that was down 3.58 in 2013. It was up in 2008 (my gold standard for a q…
If that's your outlook, why not something like HAP? That's something that will do well in an inflation scenario, real or perceived. I believe the last time there was an inflation scare was 2013. That year AGG down 1.98%, VIPSX DOWN 8.2%; HAP up 6…
BIV beats MWTRX ytd, 3 and 5 years. The other recommendations are not what you're looking for (vanilla high quality corporates and treasuries). If you want a higher yielding bond fund with great performance, go for PIMIX. A no brainer and one of …
Doesn't the example tend to support the view that smart beta out-performance (when it occurs) is due to company size and traditional risk factors rather than the "smart" element?
TIPS are perhaps the worst investment of all time. Sure the interest return rises with inflation, BUT the price will fall with rising rates just like any other bond. Nothing like a "safe" bond fund with an avg return of sub 2% over the past 5 year…
In the same realm consider HAP (Commodity producers) and JRO (bank loan). I would not consider either as a dedicated inflation hedge, but should do well in that environment.
Pick any fund that you think will massively under perform...and you'll get the same result as most funds and strategies that purport to hedge inflation. IMO inflation linked bonds and funds are also dogs to be avoided at all costs. Like every dog…
