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wxman123

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wxman123
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  • 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.
  • Schwab allowed the trade to go through with no transaction fee Do you mean you selected one of the transaction fee options at the point of purchase (as appears in the screen I just previewed), and that the fee was not charged, OR was there no optio…
  • i own two bond funds OSTRX and WCPNX - im thinking of taking all the money out of OSTRX and adding it to WCPNX - but i wont make my decision til the end of the year. any comments on these funds would be very much appreciated. im not the brightest bu…
  • I guess the only way to protect yourself against this type of misconduct is to stick with funds offered by the household names. Highly unlikely something like this could happen in the first place, and I would think the house would make good on any …
  • Would any of the losses be covered by SIPC if the fund was held in a brokerage account?
  • For me now I'm 1/3 of my portfolio in cash, money markets or CDs earning anywhere from .5% to 3% (lucky 5 yr cd's bought a few years ago). I'm VERY conservative, but OK with that. I don't look at the cash as an emergency fund, just a guarantee not…
  • I'm a strong supporter of PRBLX/PRILX and hold the latter in large quantities at the moment. Though Portfolio Visualizer hardly shows it giving index-like returns. It does much better! Indeed, if I could go back in my investing history and pick…
  • YTD performance is .34% for this well known and outstanding long term fund. Just curious how current investors in Wellington feel about this closure to intermediaries? Is this a good sign, neutral or negative to you? More like 3.54% YTD. Having a g…
  • No strategy can work all of the time. I'm a holder of VMVFX as it's an EASY hold at least for now. If it gets better great and if not I can dump. To soon to give up on this one. I followed the same strategy with FMIJX, balanced out its losing pe…
  • I favor FTHNX in the small cap space, though more of a blend.
  • I wouldn't put my life savings into this fund but I do own it as a satellite position and pleased so far. Even though it's short-lived it did great in the COVID drawdown (max DD 6.33) compared with IOFIX (max DD 37.95% during the same swoon). I'd …
  • Yes, those are the funds up exactly 0.97%. As you noted, that's not helpful if one is comparing with a multi-fund portfolio. One isn't likely to achieve that return in either the aggregate or with an individual fund these days without using jun…