Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

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

wxman123

About

Users name
wxman123
Joined
Visits
1,895
Last Active
Roles
Member

Comments

  • how does one go about buying the 2-yr treasury bonds? By the time we go to buy, they probably go down 10 bps in yield but still will be better than any CDs. I'm just buying VGSH, good enough for me.
  • Usually the best time to buy any asset is when there is blood in the streets. Will it be different this time for bonds, perhaps, but I'm not investing based on that. Unless there is hyperinflation, possible but doubtful IMO based on demographics (…
  • The M* brokerage availability pages are not all that reliable, but FWIW the PMEFX page says that the fund is available only at Schwab. http://financials.morningstar.com/fund/purchase-info.html?t=PMEFX How were you able to access this "purchase" page…
  • I benchmark to VWIAX, down only 3.08 ytd despite bonds getting killed. I think its probably among a handful of the best conservative allocation funds all time. Perhaps the GOAT. I rarely beat VWIAX in up years and only slightly outperform in dow…
  • I have no problem with strong opinions. In fact, CW may well deserve them in time. What bothers me the most for now (as Cramer pointed out) was her utter lack of humility. She will either turn out right ala her Tesla call (she says this is curren…
  • Just dumped my primecap core and put into on PARWX. I was debating if I should add to VHCOX. Any insight you may be able to share about the above trade would be appreciated. P.S.: feel free to send a message if that is more convenient - I am n…
  • @wxman123 - Kindly point out where you see “bashing” here. "My Lord - she comes across as a carnival barker with an evangelical bent (although she avoided mention of God). I can imagine many vulnerable individuals having been lulled into buying AR…
  • Just dumped my primecap core and put into on PARWX.
  • According to MS, a "respected fund" like MGGPX (which I own) is down 16.47 YTD while ARKW (which I also own) is down 26.34. Over 5 years, MGGPX is up 17.69 while ARKW is up 29.92. There's not much to see here based on past performance; it is what …
  • I think good old PIMIX tries to hedge interest rate risk to some extent. Still pretty happy with this giant overall.
  • My suggestion is not to futz around in this space because there are only two you need. First, KBWP for stability plus growth in the financial space and then BTO to buy on big dips. Works like clockwork.
  • No one knows, markets tend to overshoot both up and down. Stay shorter duration and double down as needed, feels good in the treasury space (tax free accounts).
  • I'm buying VGSH and VGIT each time they hit 52 week lows. Looking to capture decent yield for the first time in years, and treasury's will still be inverse to equities in a real crises as opposed to just rising rates. Feeling good about this, shor…
  • Good entertainment but dreadful substance. I watch CNBC every morning and have for years. Before the big run in energy Cramer was calling big oil dead money and uninvestable, said that ESG meant these could not be in mutual fund portfolios. This…
    in Jimmy Boy Comment by wxman123 February 6
  • BIVRX YTD +18% !!!! Is it open ? Yes, at least at Schwab, only $100 minimum, just initiated a starter position.
    in RLSFX Comment by wxman123 January 23
  • I'll mention again T-Mobile money, full 1% paid on all balances. I also have used GS/Marcus for years and just took advantage of the $100 offer, hey why not!
  • I guess we'll know in 5 years. Right now her largest position in ARKW (what I own along with ARKG) is coin base just moving past Tesla. Coin is down 23% just like ARKW. I can easily see big gains for Coin if Crypto is a real thing, and I think i…
  • Yes you can front run it but it boils down to investor behavior and psychology during a steep crash. Before the puts are triggered SPD would be down 30% plus inline with SPY. Not a lot of people would be buying into this fund at this time. I woul…
  • Note that the puts protection ( in SPD) would be minimal until there's a selloff of at least 30 or 40%" Note that it appears there would have been 6 such triggers since 1956. I don't think that's particularly valuable protection unless somehow the…
  • SPD is 98% equity and 2% deep OTM puts. It is designed to protect against deep drawdowns which the current one is nowhere close to. From latest peak, SPY is down around 9% which is a garden variety type correction that based on the last several deca…
  • This piling on is so unfair. The market is just in liquidation mode for high flyers, was inevitable but that doesn't mean this is dot.com 2.0 (it isn't IMO). Those who held ARKK since inception have still averaged 25% CAGR versus 14% for VTI. Wha…
  • SPD is down over 7% YTD, a veritable disaster for such a vehicle.
  • is it not comforting to have a position in VWINX Wellsley Income gain less in upturns which is an acceptable tradeoff to lose less in downturns and SLEEP BETTER at night in the latter. I could not agree more! While I like (and hold) JHEQX/JHQAX it…
  • Comparing GBMFX with VTI since 2013 shows that 10K invested in VTI would now be worth over $40K and GBMFX just under $14K. A CD would have been a better choice. There is an opportunity cost to sitting out of a strong market even considering the in…
  • Let it go down, please. The more, the better...for me. What I find funny is when someone "knows" the reason why it went down. So many predictions by so many "experts" have been wrong(link). So why did stocks go down? The only true reason is because …
  • 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…