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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…
@Art
I'm investing in HY munis in my IRAs too. Schwab lets you do it after you acknowledge their warning. Fidelity would not let you do with most/all mutual funds (I checked dozens).
As a trader, I invest where I can make the most and I have used H…
PTIMX YTD=0.1%....BMBSX YTD=0.5% and its bond rating is much higher.
For 1-3 years PTIMX has better performance.
It depends on what you try to achieve.
I think you missed my main point. If you use his services he has 3 portfolios for you to select from, the funds/ETF/CEFs/whatever in each and all the trades he does. So yes, you do know his portfolios in detail.
Going to cash with these portfolio…
The guy who writes these articles is a very good CEFs analyst and sells his services. I love his writings and their depth. Late last year he was posting his portfolio results several times and how they did much better per risk/reward than stocks.
T…
It was a quick unique black swan. The last one, 2008-9, was slower. The hard part, the next one can be years from now and you would invest based on the last fiasco. Many would buy US bond index or treasuries just to see an average annual return o…
We all have a different style and goals so it's difficult to recommend but look at my first post. I usually don't invest in a "pure" Muni but in HY munis to get more performance but it's riskier too.
HY Munis
• PHMIX
• NHMAX
• MMHAX
• OPTAX
• ORNAX…
Usually, but not always. Index funds, especially bond index funds, are also managed, though perhaps not in the way you are thinking.
A long narrative about nothing. We are talking about US tot bond index. The following 3 different funds from 3 dif…
The following is a test I do every time for buy/sell/hold. Suppose I have 100% in cash now and want to invest, what are my best 2-3 mutual funds ideas?
The answer is what I do! The past is dead for me.
or another way to look at it is by using a…
I think right now Munis would be my highest bond conviction asset and why I'm invested in them in at a very high %. There was a lot of carnage but the Fed is supporting treasuries and Munis.
I don't want to be in treasuries which relate to rates
…
I'm not in a hurry to buy any stocks because 1) we are in a bear market 2) VIX > 60 is still very high 3) We got the bounce we expected 4) usually, bear markets don't end with a V shape recovery and why I expect stocks to fall back.
But, I th…
It's more than that, to an extent; if you graph AGG since the first week of March against DODIX, FTBFX, also BOND and BND, you see that only the last comes close to matching it (and for longer periods also, and forget anything Pimco now except maybe…
I track our portfolio for years. I use Fidelity FULL VIEW and/or Schwab(it shows up automatically). You need to link each account/broker. And no, I'm not scared my info will be abused. This way I see the aggregate amount per fund across all acco…
This excerpt seemed worth noting:
My back-of-the-envelope calculation shows that a 60/40 stock/bond portfolio in mid-February has now become a 51/49 portfolio, entirely on the basis of market action. This is very large drift in a very short time. Gi…
I "love" the conclusion My conclusion from all these indicators is that, unless we are heading into another Great Depression (unlikely in my view with $4 trillion of helicopter money on the way), these extremely negative breadth readings are more co…
THOPX?
Nothing special about this fund. It went down just like many others. According to M* It's duration=1.6 is shorter than most and it's in 90+% IG bond rating but over 80% is invested in Corp+MBS bonds.
The securitized saga isn't over. VCFAX -3.1...SEMMX -2.95...ANGLX -1.4...DHEAX -2.25. DHEAX is even more unique with 80+% in IG rating bonds. VCFAX is about 50/50 IG/below IG. Slowly but surely they are going down.
So far, the traditional, vanilla bond funds (MWTRX, VCORX) have mostly held up a hell of a lot better than the "nontraditional" ones that were supposed to do fancy stuff to keep investors safe.
Of course, it did at a time of a major meltdown when si…
ANGLX joined the party of "LOW SD SECURITIZED" category when it lost -3.6% today. From the high(or pretty close to it) on March 4th, SEMMX lost 16+%...ANGLX 14+%...VCFAX close to 14%....IOFIX over 42%...DPFNX 19%...DHEAX 8.5...PMZIX 17%...BDKAX ov…
Charles,
I don't watch charts daily where I make my decisions. I do see prices daily because every night around 6:30-7 PM I see my total portfolio updates (Both Fidelity and Schwab allow you to aggregate all funds/accounts from several brokers.
Once…
Yep, in a real meltdown like 2008 and 2020, correlation goes much higher. CEFs actually lost a lot more. Funds with extra risk such as NHMAX+IOFIX lost more than similar funds.
In the above situation, treasuries do best. Remember Bogle 2 simple i…
I had several hundred thousand in IOFIX but I sold most of it on Feb 28 and all on March 9. That was based on the fact that stocks are crashing + bonds don't behave rationally to rate drop + even treasuries didn't act on rates properly every day + t…
Have we ever had a case where both stocks and bonds are in the toilet at the same time, like this? Even if monthly divs from my bond funds diminish, it's still something to depend on, while we all slide and get nicked and cut along this razor blade …
Hi FD1000, interesting article regarding sp500 maybe bottom by tom floyd/ (spy 50 days moving average just crossed 200 days
https://www.google.com/amp/s/seekingalpha.com/amp/article/4332963-spy-plan-now-to-buy-bottom
Perhaps start small portions …
Easy, NO. look at YTD performance.
I try not to use the word SAFE but volatile.
When rates are going up quickly Treasuries are one of the worse categories
When rates are going down, Treasuries are one of the best categories.
When a black swan hits,…
In a meltdown + selling pressure, many bonds fund would collapse. Even MINT was down -1.35% yesterday. YTD, MUNI (not HY Munis) which are usually "safe" are down too much, only treasuries survived.
2018 Deja Vu.
But, coming out of this mess we …
Yes, many bond categories are down, down, down.
On Feb 29 I reported the following: YTD mostly in 2 bond funds investing at a higher % in NHMAX + lower % in IOFIX. Last Thursday, I sold half of NHMAX. On Friday, I sold all of NHMAX + most of IOFIX.…
coronavirus deaths < 200. Flu deaths between 22K to 55 = about 35-40,000. Corona is 10 times more deadly but we still have fewer deaths. Sure, we need to do all we do and be informed.
So far the SP500 fell about 30% from its top. When to buy…
That means they have higher correlation to rates, are simple indexes and mostly/all higher rated bonds. Managed funds allow managers to invest in other categories (HY, MBS) to get higher yield but also allow them to have better performance when rat…
"The headline is a little sensational. " "Trump faces echoes of 1929 in coronavirus crisis" enough said. It's amazing how someone politically biased shapes their opinion.
I do my own research.
Flu deaths in the last several months according to t…
We are in a bear market where most categories are down and correlation is up which means higher losses.
A one month (chart) shows that GLD + SPY(stocks) + BND(bond index) + PCI(CEF) + PIMIX (Multi) are all in a downtrend. BND+GLD only in a one-wee…
Unfortunately, I don't see a relief because of the following:
1) Stocks meltdown
2) Interest rates are down but many bond fund categories are down in the last 2 weeks instead of up
3) Since Monday VIX is over 50. Last time it was over 50 happened …
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 at least 10%. This is why when volatility increases, such as the last 3 years, their funds lag.
I have never owned th…
At Schwab, you enter the trade and before the "PLACE ORDER" it will tell you
DHEIX isn't available - only to institutions.
DHEAX-free to buy, min $2500, 90 days early redemption fee at $49.95
JMISX (Inst share)-it's free to buy(unique, not at Fidel…
