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Interesting. However, I am finding that CTFAX's inception date is 2OO2. I wonder how this would change things. For me, CTFAX is not a complete investment strategy. I am using it to play stock market swings automatically rather than doing it manu…
I don't have a direct Dow with distributions but I already proved with M* chart that includes distribution I'm correct.
How about you prove I'm wrong.
Since I know you will not find it I will do my best. This is a 100 years DOW (chart). That char…
I measure portfolios with max 60% in stocks against my 2 long term funds.
For a portfolio of 30-40% stocks, I use VWIAX.
For 1 portfolio of 60-65 stocks, I use PRWCX.
So VWIAX VS CFTAX shows that VWIAX was a better choice since inception in 2012 (l…
@FD100, but what the idea is is to stay invested in a diversified balanced portfolio through the good years and exit automatically when a black swan event unexpectedly pushes you into some place you don't want to be, 20-25% loss. I don't think many …
@FD1000 That "Large Cap Blend" category data is also wrong for that period of history because it can not include survivor bias of all the funds that went out of business that far back and there were many. Of the ones that did survive__ MFS Massachus…
@LewisBraham, I know that VWELX is not the SP500 and why I posted and included in the chart LC blend which is close to the SP500. I don't know many funds with history all the way to 1929 and M* chart includes dist.
One thing I'm sure we will not ex…
The usual, doom and gloom sell better and why you see a lot more headlines like that. Simple example: the DOW declined 200 points or triple digits, why not say 0.8%? because it's not catchy.
"It was not until Nov. 23, 1954, that the Dow reached its…
I remember Cinnamon very well from years ago. His fund looked good when the market crashed and then it looks pretty bad. How long can a high % in cash works?
The following is from the last report. As expected PVCMX had over 92% in cash on 1/1/20…
I worked over 35 in IT in several sectors and I can tell you there is still a lot to do and especially eliminating high paying jobs. Just think how many jobs were gone in investing where indexes, computers and simple to more sophisticated processes…
This is what Marks said on March 3rd (link).
"These days, people have been asking me whether this is the time to buy. My answer is more nuanced: it’s probably a time to buy. There can be no unique time to buy that we can identify. The only thing we…
Over the years I posted many times about Marks. You will never find actionable items but lots of narratives that go both ways.
This article is no difference
"Stocks may turn around and head north and you’ll be glad you bought some. Or they may con…
@FD1000 The price is always right I don't think the price was always right when the market bid up Pets.com, Adelphia Communications, Enron, Worldcom, Washington Mutual, Lehman Brothers, tulip bulbs, etc. throughout history in past manias. But there …
Why tech will continue to lead for decades to come. I worked in IT over 35 years in different sectors from retail, to banking, finance, mutual funds to healthcare. There is no way to stop this trend and it's getting faster. How long it took Walma…
The rates that you see on Muni MM (3-4%) are just the results of the last several days/weeks. You will not get anything close to it and they will revert back to 1-1.5% and lower than prime MM. If Muni MM could give you even 2-2.5% performance all t…
Riffing on @LewisBraham responding to @FD1000: 2001 dot-com specialness -- a lot of "top" companies got to the top and....
In the short run, the market is a voting machine; in the long run it is a weighing machine. Belief in that principle (as we…
From what little I can find, it seems that FXAIX overall had the lower ER all these years. I look forward to seeing the ER numbers for "all these years".
It would be very time consuming to find ER for previous years but from memory, Fidelity l…
Your contrib is so valuable, but are you really so insecure you have to impugn ('obsess') anyone who offers even mild corrections or challenges ?
Anyway, let me add that FXAIX does not outperform either Vanguard SP500 product if you go back to the…
Matt, I don't think any markets, including bonds, have calmed down. I don't see even a trend I'm excited about that I want to trade. Higher-rated funds look OK but rates might go up when things get better. We are in a black swan market and unclear …
and FXAIX is cheaper yet
Correct, since I started talking about Vanguard I wanted to stay with it.
Fidelity 500 Index Fund ( FXAIX )=015%...Vanguard 500 Index Admiral (VFIAX)=040%
Fidelity Tot Market Index Fund ( FSKAX ) =015%...Vanguard Total Stoc…
I think you got the mandate wrong there. D&C is not required to beat the S&P 500. They are acting to select value stocks which they deem safer and worthy of their clients money. It's obvious to me that many investors do, judging by the AUM. …
When I said best, I meant what the market thinks is best. It doesn't matter what I, you , Buffett or DC managers think. The market thru the price is the best voting machine. It's the final aggregate of all decisions, it's what actual investors pay …
I do sometimes wonder when there are contentious posters who rarely comment on this board and then suddenly do to insult folks if some people don't have multiple identities here. I know it's happened before.
D&C has a number of positive traits…
Other than DODIX, I would not own any other D&C funds. I got burned by DODGX during the financial crisis in 2008 and vowed never to return once I got to a point where I felt comfortable selling. IMHO, they are operating on their past reputation …
Rates will stay low and I intend to get better than 4% (I hope for at least 4.5-5%) from my bond funds, after all, I invest mostly in bond funds but I also trade them. Don't forget that bonds have several categories such as HY. Coming out of this …
VTV is not SP500 value, right? That would be VOOV.
3/4 as many stocks.
And if you write and edit fund prospectuses, you recognize that the D&C language nuance / emphasis are subtly more different from than similar to the TRP language.
My ma…
Dodge & Cox was founded in 1930. The company has introduced only six mutual funds since then. The firm's analysts and managers tend to stay at the company for a very long time. Dodge & Cox funds are team-managed and they have below-average e…
@mcmarasco
The problem right now is that we are at a certain bottom but it can get worse or better which is difficult to predict. VCFAX has at least 40% in investment-grade securitized bond but 22% in the lowest level = BBB which isn't good because…
More observations:
1. For 5 years DODFX is rated at 75-89 in its category.
DODGX lags the SP500 for 1-3-5-10-15 years which is a blended index not growth or value. But Wait...DODGX also lags VTV(value ETF) for 1-3-5-10-15 years
2. If you read DO…
D&C have good funds but many of them are riskier and it shows at market stress such as 2008 and many times when stocks go down and 2020 is no different
For YTD
Allocation DODBX -23.4...PRWCX -16.2...JABAX -13.1
Mostly US LC: DODGX -32.1...…
I think the simple, index, high quality bond fund like VBTLX worked fine and as expected in this black swan, after all, it's up 3.6% YTD. Even VBIIX about 50/50 Gov/Corp IG bonds worked too at 3% YTD
Remember, Bogle believed in SP500 + US total bond…
I usually do lots of research but this market volatility and unpredictability are extremly high.
3 good funds for you TGLMX,VFIIX,ANBEX
TGLMX VS VFIIX
1) VFIIX bonds rating are higher. Both heavily in MBS.
2) VFIIX duration=2.3 is much lower tha…
Trump declared that breathing is good for you.
What the Dems are going to do?
Cry for another 4 years?
Open more investigations?
Trump just exposes politicians of both sides at their own games, he is rude, not apologetic and it drives the Dems and t…
What a whopping day is was in HY Munis where many funds lost 0.8-1%
I sold everything again and now at 99+% in Gov MM.
Basically, I gave back about 50% of what I made last week. Life goes on :-)
Don't know what happened to Munis today but this (l…
@msf
Last week I called Fidelity and Schwab reps and both told me the following...this is from Schwab "All Schwab Money Funds with the exception of Schwab Government Money Fund, Schwab U.S. Treasury Money Fund, Schwab Treasury Obligations Money Fund…
I have been looking for a reliable trading system for many years. I ran hundreds of scenarios, mostly technical analysis. I wanted to find something easy, if you use too many indicators it's too complicated. You also don't want too many trades. I…
I disagree ;-)
Sorry to say but Fauci answers sometimes are semi-political and vague, he just can't answer straight and it takes him so long to be direct and on point. On one TV channel is says one thing and 30 minutes later another, if the interv…
@Charles
I agree with your assessments. I also think that non-agency RMBS/CMBC/other will come around in several months(maybe weeks) and where I will start buying again.
The question is do I want to be in funds with mostly securitized (IOFIX,EIXIX…
