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.
Reliable Clements has some thoughts:
https://humbledollar.com/2020/06/farewell-yield/
From the article and then my comments
1) Abandon bonds = Rediculous idea. I have talked to many retirees and they don't want the high volatility that stocks offe…
yup. Just saw that. We all know that the metrics for measuring unemployment has been massaged for a very long time (per @rono.) Yet the miraculous upswing in the latest numbers are risible. As much as we didn't trust previous unemployment reports, …
(Cue the Forrest Gump impersonation:) Some here might remember the saga: we wanted to move wifey's 403b at a former employer and just convert it to a Trad IRA with VLAAX. It took them 3 months to even acknowledge that we exist (by mail) to tell us …
OMG, the lib media is in shock, they expected at least 7 million job losses and they got +2.5 million gain. The 2.5 million came without help from NY+CA which are still shut down.
It's terrible for them but good for America.
Then came their usual,…
@FD1000: "...D&C is [one of the worst managers of all time]...". Oh my goodness. Really; what does one do with that?
I meant to say below average. EXample: DODGX trail the "stupid" index SPY for performance + risk attributes. See the (proof…
From the same source, stockchart, I think this(link) maybe be easier but only allows 5 funds. The easy part is by letting you select the period easily. You have one month and all the way using start/end dates.
The best IMO is PortfolioVis. It has…
Giroux is one of the best managers of all time.
Dodge & Cox just the opposite.
PRWCX is why you want to own managed funds. A flexible and correct approach for years. In most cases for most investors just use stocks indexes + managed bond fun…
1) my favorite 3 bond categories. Multisector, NonTrad, HY Muni. Since 2019 I also use HY Munis in my IRA, it's unusual but I look at risk/reward, and this category given me good results. Schwab let you buy these funds in IRA (after you acknowledge…
Thanks for sharing. Just wondering why you would commit so much to ANBEX. For two of its first three years of existence it was middling at best. This year it went crazy good, but how could you know that enough in advance to capture the gain? I a…
Every post you make FD is all about you. "I saw this. I did that. Every one else is dumb for missing it." The point is the likelihood of anyone 'investing" in this fund, not trading, would not have seen a 40% drop in 2 days on the horizon.
Yes, to…
The basics are still the same: Know what you own, expect the worse(which is what I do) and past performance and volatility are not guaranteed.
I call BS on that advice FD. None of what you said is usable. This was a fund with good consistent return…
The basics are still the same: Know what you own, expect the worse(which is what I do) and past performance and volatility are not guaranteed.
When a black swan shows up most categories don't work except treasuries and the only way to avoid the mel…
Up little bit in may..will trend continue next month,
I have no idea what trend will do but I know how to join the trend and jump off it and why over 50% of my portfolio is in HY munis for several weeks. HY munis did fantastic in May and severa…
GMO has been wrong for 10 years already. I posted about them for years. Their forecast for US stocks were off significantly, they prefered EM stocks which lagged by a lot too.
I kept GMO forecast fro 2010, see the (link)
Since 2008-9 and massive i…
Analysis at the end, after the performance.
Performance......One month...YTD as of 5/29/2020
Multi
PDIIX…3.1....-2.35
PUCZX…3.8…-3.7
JMUTX....4.0....-5.1
TSIIX.....3.1….-0.1
PTIAX….1.9….-0.2
Multi(high % securitized)
PIMIX.....2.3….-3.4
EIXIX…..3.…
@catch22: I don't recall seeing any daily/weekly trade(s) conformation here as to what is stated by @FD1000 for his account(s) returns.
You don't have to believe anything I say. The chance I will post all/any of my trades are slim. The following a…
I would never invest in a fund that I can't sell everything at any day.
Pimco https://www.pimco.com/en-us/investments/interval/flexible-credit-income-fund/inst performance isn't impressive at all at 0.37% annually for 3 years.
Do you folks think this is a new fierce-bull market rally or just a W recovery in hiding, will DOWS JONES reach 15k by end of summer, or 26.3k???
I know exactly what will happen. The Dow will reach 26123 next week. Then, it will go to 24652 a week l…
I posted about it several times, many investors think that the stock market is a reflection of the economy but it's not.
The market looks ahead and compare to what we have seen in the last several weeks, there is a good chance it will be better in 6…
it's at http://news.morningstar.com/fund-category-returns
But, none of the links work. I tried 5-6 of them.
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Fidelity let you use their fund screener for free, see it (here)
I have discussed D&C inferior risk/reward. I would not select any of their funds.
Why would I look what DODGX did since the bottom?
YTD...VFIAX(SP500) is at -7.8% while DODGX is at -20.2%
One year...VFIAX 5.5%...DODGX-10.9%
3 year........VFIA…
- @JohnN - May I suggest calling it “The Trump Bear Market”?
How convenient to blame Trump. I don't remember you cheered Trump with the lowest unemployment in decades (the usual TDS)...but don't worry, you will get him for 4 more years.
I went to all cash before the crash when I was up several %. Then, for about 5 weeks I traded successfully several times stocks and CEFs and then was back to be invested at 99+% in bond OEFs. I find myself trading my bond more than usual because the…
As someone who invests mainly in bonds based on risk/reward + momentum, HY Muni is by far my largest asset for several weeks already. I don't argue with markets and trends I just follow them.
I use FR(floating rates) funds only for trades. FR are one of the best bond categories when rates are going up because of their very short duration. FR are a subcategory of HY and when market conditions are risky they lose money just like HY do.
L…
Another fake news from Fidelity.
Please use our management services at 0.5% to 1.5% and we will give you another 0.25% on your purchases.
No thanks:
After more than 20 years at Fidelity I transferred most of my money to Schwab.
We discussed Fidelit…
From memory because I have done it so many times.
VWINX(38/62) vs VWELX(65/35) no contest, over long term VWELX performance is about 10-15% better but SD(volatility) is about 50% higher and why VWINX is a better risk-adjust retuned fund.
PRWCX is…
I think Giroux is one of the best managers and why I post about PRWCX so much as a good allocation fund option (with VLAIX).
I actually bought GE as a trade because of Giroux in 2019 and made money but so far he is wrong.
A true story, in 2000 I ha…
It depends on how much money you start with.
One thing I'm sure about, it has nothing to do with higher stock dividends which is what many write obsessed about. If the biggest high tech companies with no/low div didn't convince you, then nothing w…
interesting article but I'm also looking for actions. Based on the info what an investor to do?
The % of SP500/QQQ revenues that are coming from abroad are 40/50% and why I only hold US LC for years now. If I want more risk/reward I would use QQ…
Just another recyclable article.
The following is especially really deep...
"Even Goldman Sachs, which is bullish on stocks in the long run, is warning clients to brace for a bumpy ride this summer. "
When the market loses 10+% the articles are do…
A very intriguing fund and seemingly well-allocated fund that I would consider adding to my portfolio -- though I have a hard time paying 1.07 a year for it when the performance (and some holdings) seems quite comparable to PRWCX, which I'm still q…
Prices were up in April because the fiscal and monetary support was huge and markets are looking ahead. We haven't seen anything like this in the last 50 years.
This is what I posted on 03-17-2020 11:38 PM (link)
7) For me and others who don’t m…
If I invest in HY it's only for trade. HY is a hybrid product that usually doesn't justify itself. Compare VWEHX(good HY) to VBIAX (60/40 indexes) (chart) and you will see VBIAX beat VWEHX for 1-3-5-10-15 years.
Most investors should not collect …
