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@mark
This is a very unique time for me and why I will answer your question :-)
My goals as a retiree are: I need to make only 4.5% including inflation (Based on 2019, maybe I need only 4%) average annually to sustain our standard of living. But, I…
Tarwheel, I'm glad you mentioned PTIAX. It has a very good YTD performance and a huge jump of 0.47% yesterday. I tend to forget it sometimes. PTIAX invested mostly in securitized + smaller portion in Munis and both have done well but PTIAX perfor…
PUCZX is a fund with several moving parts and why it's harder to predict every move. PIMIX is another fund like that. PUCZX is down 1.4% from its top while PIMIX is down "only" 0.7% but for 3 years PUCZX performance is better than most. BTW, IOF…
So far for YTD and the last several crazy days, IOFIX easily beat all these "lower volatility" multisector funds.
See YTD (chart) of IOFIX,PIMIX,VCFAX,PUCZX,JMSIX,JMUTX. The chart shows up to 2/27 but when I copy the link it's only to 2/26
IOFIX…
PIMIX is invested at over 75% in securitized. A good replacement fund is VCFAX with about 90% in securitized. JMUTX+PUCZX are more diversified.
So, I would rate these 4 funds as follow. If you want lower SD then go with VCFAX, if you want better …
I "love" GMO forecasts. In 12/31/2010 GMO 7 years forecast (link)
was that US LC would make 0.4% + 2.5% inflation = 2.9% and US SC would make -1.9%+2.5%=+0.6%. GMO was way off, for 7 years SPY made 13.65% annually return while IWM made “only” 1…
recycling again :-)
2016 article https://www.aarp.org/money/investing/info-2016/junk-bonds-to-avoid.html In 4 years since 2016 JNK made over 40%.
2018 article https://seekingalpha.com/article/4190783-is-4-trillion-risk-in-bond-funds 2019 was one…
Trump will win no matter who is the Dem selection.
HC(health care) in the US is outrageous and there is no solution.
In the US MD(medical Doctor) are making 3-4 times more than abroad. In any other country, MD make a bit more than an engineer or …
Why IOFIX?
I wasn't comfortable investing in this fund but after several years of solid performance, I like it.
The managers also provided excellent presentations, see the last (one).
Another good article written by Charles Boccadoro can be found …
@Tarwheel, you are correct, M* puts PTTFX in the Intermediate Core-Plus category but I would call it MS(Multi Sector) light.
The best risk/reward category over the last several years is securitized.
M* says that PTTFX has over 50% in it and it's…
DODIX is a top fund in the Intermediate Core-Plus category. I like to show how a good Multisector fund can have better performance, SD=voltility and why Sharpe+Sortino are higher.
See 3 year performance at PortVis(link)
See the chart (here)
Let's look at RPSIX PRSNX PTIAX and compare them to several other Multi sector funds in my list such as VCFAX,JMUTX,PUCZX,IOFIX
Looking at PV (link)
You can see below that VCFAX,JMUTX,PUCZX,IOFIX are better RPSIX PRSNX PTIAX The last 2 columns ar…
“I can make 20-30+%“
Funny thing about quoting percentages is that seem higher than they appear to be.
Say if a bond fund returns 3%, a 30% increase amounts to less than 1% increase in return.
Is the effort worth it for a tiny 1% increase in return…
From the article "One of the most attractive sources of income right now is tax-free municipal bonds."
The author also forgot to mention funds such as SEMMX,PIMIX,IOFIX,PUCZX that pay over 4.5%.
My intention is to put forward several of my best ideas and compare them to funds that others own. So, if you have any fund in mind we can discuss it.
I'm also looking to make more than the average with bond funds but still, have reasonable low vo…
For cash, I would look at SEMMX or DHEAX/DHEIX. SEMMX has lower rating bonds and better performance than DHEAX (Investment grade > 80%). I call these funds "cash sub" for investors who are willing to take a calculated risk.
See PorVis(link)
I…
M* is more correct. Look at their (site).
Investment-grade, U.S. dollar-based, absolute return-oriented strategy
Ability to manage and hedge duration based on market conditions
Portfolio construction and rebalancing are driven by investment decisio…
BEKA is trailing the SP500(VFIAX) for 1-3-5-10 years. See (chart)
SP500 has higher performance but also better SD, Sharpe and Sortino. See PortVis (link).
stillers: And I never understood your "All bonds all the time/bond OEF momentum" investment strategy when markets have gone up FOR 10 YEARS.
It should be noted that you posted on M* that you sold all of your stocks near/at EOY 2019, you have not re…
DHEAX beats DBLSX for 1 month and all the way to 3 years (chart).
DHEAX has also better Sharpe + Sortino (PortVis)
Both funds invest at high % in securitized/MBS, both have mostly IG(investment grade) bond rating.
Just my opinion: DHEAX is a better…
I never understood the cash thing when markets are going up?
For your cash portion....why not use a simple liquid index like SPY/QQQ with a close % for sell trailing stop.
In the last 3 months, the SPY made over 9% and QQQ over 15% and their price …
Article: "The country’s equity mutual funds returned 47% on average in 2019"
The 2 ETF with the biggest AUM mad the following in 2019...MCHI 23.7%...FXI 14.9% but SPY made 31.2%
Another recyclable article among hundreds/thousands. Remember, media options are huge and why you find scary titles without proofs. The goal is for you to go to their site and by visiting the site the author/company gets paid.
When stocks go down 5…
Why stop there the following were wrong too 1. Gundlach forecasted 6% for 10 year treasury by next year 2. Bogle was wrong about SPY performances 3. Arnott missed so many forecasts 4. GMO was way wrong. 5. PE + PE 10 + inverted yield are off for mon…
I was showing you how the railroad social security is paying much more because it's managed much better. Our politicians could do better if they seat together to solve problems. Just think about how an insurance company does it.
It's all about how you present the info...Gallup found 55% of Americans reporting they own stock in April 2019.
Of course, the top 10% own a lot more but the top 10% pays over 40% of the Fed taxes too.
SS problem can be solved if the money will be i…
Why go to Morningstar when you can find the best lists here at MFO.
See https://www.member.mfopremium.com/greatowls/
or MFO Screener (here)
I like to look at high performers + lower SD. That is a great start, with that in mind, sharpe+sortino wil…
I have been reading for years that
1) Interest rates can only go up
2) That EM stocks are a better value and soon will do better
3) That diversification is better while the SP500 performance + volatility was better
and one it's going to be true :-)
I agree with this article. Rates now are at one of the lowest levels ever seen. You can still make 4-5% in bonds using Multisector+Non Trad funds which I posted about at Bond mutual funds analysis
Several funds to consider are
SD lower than1=SEMM…
High rated bond funds did great since 2019 because rates decrease dramatically and this category has a higher correlation to rates change. If rates will stabilize or will not go down a lot these funds will not make anything close to 5%. Predicting …
@MSF "Taxation of muni bonds is not so straightforward."
It looks to me it was straightforward.
Your Muni dist may affect your Medicare premiums but for most it's not relevant. Example: when married filed jointly income is over $174K they will p…
@MSF
All my HY munis funds' monthly distributions for 2018 (and all priors years) were Fed exempt. I never buy single bond and probably will never do it in the future.
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I made a mistake in my first post. Early 2019(not 2018) was the first ti…
