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Hank, excellent response. Over the years I have seen many investors that make changes in their portfolio based on prediction and opinions of "experts" just to find later they were wrong.
I don't blame these journalists their intention is to grab at…
Thanks. There’s some serious implications underlying this (somewhat silly) valuation picture. Those relate, IMHO, to all asset classes (stocks, commodities, gold, real estate, etc.).
The only way I can see the current out-of-whack valuation pictu…
I hold a huge % in HY Munies since early May, and they made me lots of money.
The usual, I don't follow articles and experts just charts, uptrend and prices.
I read the article and laughed. The first 4 pay under 1.9% which I wouldn't call great cash flow.
VYM pays about 3.6%..BUT WAIT...The higher yield stock style investing must be debunked all the time. VYM trails the SP500 for YTD, 1, 3, 5, 10 years. …
MWFSX performance continues to lag and relates to lower daily distributions.
Its performance for 1-4-12 weeks per M* Multi category is 85-97-88. Basically, it's in the bottom 15%-3%-12%.
The last several distributions are:
As of Date Ticker Dividen…
There an easy way to not pay early redemption. I have done it several times over the years but usually I don't buy a fund that has penalty fee over 30 days. If you don't know how to avoid the penalty then you will continue not to know it :-)
I s…
+1 Yes-maybe FD1000 should start his own hedge fund and reap the benefits of the 2/20 fee structure.
It's documented in this thread(link)
And thanks, I'm retired enjoying my free and happy time. I have given FREE advice to hundreds of posters who …
The purpose of MTUM is to use "Exposure to large- and mid-cap U.S. stocks exhibiting relatively higher price momentum" and not value or growth and why it needs to compare to SPY(blend index) + MC.
MTUM easily beat SPY for 1-3-5 and since inception.
…
From the article
The lesson: The stock market doesn’t follow a predictable playbook. Even when it seems to follow a pattern, that pattern is subject to change without notice. Result: Efforts to outsmart the market often turn into exercises in frustr…
These "experts" missed the fact that the Fed is controlling these markets since 2009 and conventional ideas are not working.
Basically, I disregard all "experts" and articles, their job is to sell you something and/or can't predict the future and de…
Old_Joe: I'm a value investor, but Value has been taking it on the chin for quite a while.
+1 I keep hearing for years the following
1) what about value and growth beat it by so much
2) the market is expensive but it keeps going up
3) rates can onl…
I don't have a bone in this since I don't own MWFSX.
The monthly distributions are clearly going down, and they are a huge part of the total returns.
Date Dividends
July 31 will be around 0.72% to 0.75. Down from 2%-->1.8%-->1.6 and now to 0…
One reason maybe that AVEFX ''flies under the radar'' is it is not available at Fidelity or Schwab no load/NTF.
In 2020 peak to trough AVEFX lost about 10% while FPINX lost only about 2%.
AVEFX has 20% in stocks FPINX < 1%
Vanguard VASIX is a be…
Rono: In the grand scheme of things, best is physical hands on bullion.
Why physical is best when you look at shipping, storing and delay trading? Why not simple GLD(or other gold related positions) where it's so easy to own and trade.
If you look at Vanguard VFIAX, its PE=23.1
The top 4 companies in the index EEM are high tech ones and 22% of this index
Alibaba Group Holding Ltd ADR
Tencent Holdings Ltd
Taiwan Semiconductor Manufacturing Co Ltd
Samsung Electronics Co Ltd
One reason maybe that AVEFX ''flies under the radar'' is it is not available at Fidelity or Schwab no load/NTF.
In 2020 peak to trough AVEFX lost about 10% while FPINX lost only about 2%.
AVEFX has 20% in stocks FPINX < 1%
Vanguard VASIX is a be…
“They said that as AUM increases, the yield will fall.”
That’s what they told me would happen back in early June. AUM was around 11 million then. If AUM is up to 17, then I has increased by about 55%. Cash has increased to 36%. This was all to be e…
The old M* shows 16.9 million (link)
My whole point is to show a huge reduction is distributions and why MWFSX performance will be much lower in the future.
If you look at M* for the Multi category(here) You can see the following
One month...categ…
It was yielding over 20%. Of course it’s going to go down. Even if it went down by half it would yielding about 10%. As AUM increases, yield will fall. This is happening as expected. It’s also actively managed by Tad Rivelle. They may be trimming th…
Pended is a great CU. Anybody can join and they do it fairly. We refinanced several times over the years and found each time hundreds of dollars "mistakes" that had to be fixed because I was going to walk away hours before closing.
Penfed didn't ha…
"The deficit is growing at a rate "well in excess of the growth rate of the economy," he added. "To me, that means more of our nation's income will have to be devoted to debt service, which will retard economic growth in the long term."
The above h…
@FD1000 Obama would never have done this in a million years: https://nytimes.com/2020/07/19/us/politics/trump-fox-interview-coronavirus-race.html?campaign_id=9&emc=edit_nn_20200720&instance_id=20454&nl=the-morning®i_id=137083247&a…
M* bond rating doesn't guarantee or forecast future returns and/or volatility, especially with managed funds with more moving parts. Even "simple" funds can't.
Examples:
VCIT=all IG(investment grade bonds) and simpler - M* rating BBB.
PTIAX-M* r…
PIMIX was a great fund until the beginning of 2018. PIMIX is still a decent fund
I would go with PTIAX. LT good record + good downside protection. 2 more option are TSIIX and ADVNX
2018 returns:
PTIAX: 2.01%
TSIIX: 0.68%
PIMIX: 0.58% (still top qu…
PIMIX was a great fund until the beginning of 2018. PIMIX is still a decent fund.
You can't look at PIMIX YTD and compare it to BND (high rated bonds) when we had a black swan.
PDIIX is another Pimco fund, much smaller and managed by the same team.
…
I continue to do what I have done for decades which is KISS.
Prior to retirement.
We saved for years thru 401K. Always paid all bills on time. Never made a budget. Spend the rest. No more than 5-6 funds. No spreadsheet
At retirement
1) Usually 2…
Nothing new. In the 80" CEO made about 30 times their average employee. In the last several years about 300 times. Board of directors consist of other CEOs. They take care of each other. A bad CEO gets their pay for the whole contract even if …
Most investors should never own FR(floating rate) funds.
The risk/reward isn't good.
You can get high distributions with funds like PIMIX but with better risk/reward,
In 2020 BKLN lost over 20% as of 3/23/2020.
Rates are not going up because the Fe…
Looking at MWFSX I can see that the daily distribution is going down. That is not a good thing and why the return will go down because it was a major part of its total return.
As of Date Dividend Rate
7/14/2020 0.000696355
7/13/2020 0.001070898
7/…
What a revelation? Another rich guy from wall ST. I prefer to have rich people who are already rich before they serve in Gov than other politicians I know. Of course, if Mnuchin was under Dems then it's all OK. Wait, Larry Summers is a millionaire…
dude, you really need to review the cases, whether time was served, what the charges were, all the sort of detail you are so good at with finances and investments
dude, how about you review all Obama cases and tell us why he was so right and every…
NHMAX+ORNAX have usually the highest risk and NHMAX has leverage greater than 20%. This is why l selected GWMEX. Since I'm a trader I watch the chart very carefully.
I'm always concerned but when I see an uptrend I invest until it's gone. Over the years I have learned that the "experts" can't predict the future and definitely not the coming weeks-months. After a big dive, bonds just like stocks usually come bac…
