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.
PIMIX still has the highest Sharpe ratio, lowest drawdown and no down years
The following performance graph is from PIMIX's 2009 statutory prospectus. You can take it on faith that this is for the institutional class shares for calendar year 200…
@wxman123. Thanks much for sharing this one.. i wasnt aware of it. So Im curious what is your strategy for when you sell this fund? Its had a great run since November.
Yes, it has...but was looking dreadful during the depths of covid, that's when …
PIMIX had a sizable drawdown in 2020, -11.3% and finally recovered for the year. So the risk aspect is higher than expected. Performance-wise the fund is way way too big and trailed other bond funds for last several years.
PRSNX had a smaller dra…
If you don't mind the closed end space I'm a big fan of BTO. Need to sell the rips and buy the dips with this one (I do with both hands on the big dips). I always remind myself that in the end the bank usually wins! up 44% in past 3 months, no com…
I bought SVARX at firstrade, FWIW. Very happy. My view is that this is a solid fund in normal times but excels in market dislocations, like picking up IOFIX after it cratered.
I've had Firstrade among the brokerages I use for many years and for precisely the reason stated by the OP. I've had one fund order rejected but most work, great to get a foothold in institutional shares at a low minimum. One minor difference in …
SWAN might minimize its losses on its own but it’s not going to provide protection to existing positions like TAIL will.
True, perhaps, but in order to use TAIL as protection to your portfolio as a whole you would need to own a ton of it, and it sim…
I'm still not sure I want to bet against PIMCO over the longer term, even with the bloat in PIMIX, it's my largest holding. As for an ETF, I like FIXD.
If you're looking to counterbalance a HY muni I'd consider VMPAX. It won't get you the same bang as the funds mentioned above (but that's what the HY is for). I like that VMPAX has had only one down year in the past 20, and only a loss of -0.39% a…
I always follow the old adage - when you're unsure of what to do, do nothing.
Superb advice, easiest to execute yet hardest to follow at times. Quite the conundrum!
I bought DIVO during the COVID pullback in March. Several years ago, I had spoken with the subadvisor, Capital Wealth Planning in Naples, FL about a separately managed account based on this strategy. Why bother when you can buy DIVO?
DIVO trades jus…
So what? Is that really a good argument against emergency disaster relief?
And please do not bothsides this. McConnell and his party are the only ones causing suffering and death here.
Yeah, Pelosi, Schumer and co. have been easy and practical a…
Thanks msf, very well thought out and I agree. Still, there is that nagging thought I have that "only cash is cash." My concern would be something totally unforeseen that causes a permanent and substantial loss of capital. I guess that's not real…
here is a basic econ review of the tradeoffs, sort of
https://www.nytimes.com/2020/12/10/opinion/trump-coronavirus-relief.html
So what we need at this time is
- drastic and disciplined behavioral policies (mandates, enforcement) to prevent dise…
VUSFX is a taxable fund with an inception date of 02-24-15.
The fund's largest monthly loss was -1.08% during this past March.
Since 2016, VUSFX has generated only two monthly losses (other loss was -0.05%).
Correct, my posts were in reference to th…
I use VUSFX in lieu of a MMF.
I was thinking of starting a new topic on just this issue. I know in my head that VUSFX is virtually certain to be a better investment than a high yield cash account yielding around .66% these days. It's tax free, has…
>> Basically if you're under 60 and healthy there's a 99% chance you'll live.
May be. What's the cite for this?
https://covid.cdc.gov/covid-data-tracker/#demographics is interesting.
Of course you know that QoL is majorly impaired in man…
@wxman123 And you are ignoring my point that by the measures that matter most regarding health, Newsom's covid response has been successful and not at all "pretty dreadful overall" as you stated. Would you admit he has been successful relative to ot…
Additional side effects are surfacing with regard to the Pfizer vaccine that were not observed during trails (individuals with allergy sensitivities at greater risk to negative side effects). This may slow its deployment.
Allergy-risk-Pfizer-jab-TW…
I'm a fan for the "play money" in my portfolio. The key to L-S funds is to exploit inefficiencies in markets where it's getting more and more difficult to do that. Long American Tower, short federal realty as an example. Most would agree that a c…
Never said you were a "murderer," just that you believe some people are expendable and worth sacrificing so the economy can grow, and just as you claim it isn't at all clear that restrictive policies help with infection rates--tell that to South Kor…
Anytime you personalize an issue you stymie legitimate discourse. What bothers me are people who present themselves as objective truth-seers but then resort to the most base assertion, like DeSantis directly killed specific individuals because of "…
@wxman123 Both of you are mincing words to avoid my point and to support your brethren. ..We can debate how bad California has done on Covid in light of its policies
No one is mincing your words except you. You said with regard to Covid death-rate …
Both of you are mincing words to avoid my point and to support your brethren. The fact is that Mark DIRECTLY blamed Florida's "moronic" governor for the death of his friends in Florida who were healthcare workers. He wrote: "I have lost friends i…
@wxman123 - I'm done arguing with you and from now on I'm just going to let you be wrong.
Furthermore you said "Piling on is just an expression of your political views, IMO." Your opinion couldn't be further from the truth. What matters to me is th…
“Richard J. Mollot, executive director of the Long Term Care Community Coalition, told POLITICO. 'Some of this was avoidable, preventable ...'"
Richard Mollot [said] “There was little reason for nursing homes to think they should only take in patien…
"Sorry you lost friends, but in Florida that was very likely a result of choices THEY made, unlike Cuomo who gave nursing home residents none."
Yes, they decided to become doctors and nurses. So stupid.
It was a noble choice, and sorry they were in…
@wxman123 - who said "I don't have any great ideas on how we could have dealt with Covid any better." So you think that denying that it even existed, calling it names (China virus), calling it a hoax and stating that it would just magically disappea…
Jamaica did awesome too....until they realized people needed to eat and opened the door to tourism to us ugly Americans. They did their best, covid tests, temp checks, etc. Still not so good.
I believe it was reported last Covid case in Taiwan was in April ! They were doing something right ! If one didn't stay quarantined & was caught , fine was $33k ? Stay Safe, Derf
It helps if you start with an island with a small number of cases…
dtconroe.
I'm OK with VCFIX but the meltdown of over 18% was too much, even PIMIX was down less than that around 11%. I don't put a lot of faith in Schwab bond selections. I think Fidelity is better and free to all investors even if you are not a c…
>> Covid, and, more accurately stated, the overblown and ineffective response ...
>> ... the cure cannot be worse than the disease. That clearly has been the case with Covid.
Say, since you are articulate and appear to give things th…
