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Unless you own higher % in stocks I don't see the reason to own very low SD bond funds. The following is a simple example based on several funds mentioned in this thread.
Looking at short-term duration Muni funds NVHAX,BTMIX,VMPAX,ORSTX. For 3 yea…
The following 2 great funds SEMMX+DHEIX invest mainly in securitized bonds (just like FPFIX) + ST duration + have better performance + better risk attributes. See this (link) results since the inception of FPFIX
By far PRWCX which ranks for performance at M* for 1-3-5-10-15 years at 1-3% top funds.
Instead of POAGX you can own QQQ which made more money + better risk attributes. See (link).
If you open and read this, there is an image of the guy that wrote this blog and he looks like he may have been about 15 years old when REITS crashed in 2007-2009, so I don't think he understands the pain REIT investors felt at that time. I don't kn…
The author of the link=https://www.barrons.com/articles/bond-funds-yields-treasurys-pimco-junk-duration-51573230142?refsec=bonds
Is comparing PIMIX=Multisector fund to Investment Grade funds which is not correct.
MS funds (IOFIX,JMSIX) + HY (ARTFX) …
PIMIX lost its mojo since early 2018. In 2019 PIMIX managers continue to make fatal mistakes which put its performance in the bottom 10% for YTD until several weeks ago. The managers finally got it right (about rising rates) but it still ranks in …
My usual comment.
For most investors, buy and hold a simple target fund is one of the best. I believe you can do worse.
For above-average knowledge investors, there are several other good options.
I see stocks as a simpler portion of one's portfo…
SEMPX was a big part of my portfolio in 2018 but none in 2019. YTD at 3.8% is not good when many made a lot more. Look at direct securitized rivals such as IOFIX,EIXIX and VCFAX. I know SEMPX has low duration and very low SD. SEMPX is pretty goo…
HSGFX is a terrible fund. I always start with best performers and then look for great risk attribute(SD,max draw,Sharpe,Sortino).
That lead me to SGIIX,FAIRX,OAKBX) 2000-2008.
In the last several years I have uses 1) USMV instead of the SP500 2) PR…
Schwab index funds are cheaper than VG.
Managed funds:
It's so easy to find better funds than VG+D&C.
PRWCX is better than DODBX and most/all other allocation funds.
PIMIX isn't as good in the last 1-2 years but beat DODIX by a lot for 5-10 year…
POGRX lags QQQ for years now(http://quotes.morningstar.com/chart/fund/chart?t=pogrx&region=usa&culture=en_US&dataParams={"zoomKey":9,"version":"US","showNav":true,"defaultShowName":"name","mainSettingId":"main","navSettingId"…
The article has solutions(see below) which I don't think are good ones:
1) When a fund lags, you can't predict it will do well in the next 5-10, it can be an underperformer for years to come.
2) Financial adviser? I can write 3 pages of why not
3) W…
I don't pay attention to MM or CD and all my cash sub is usually in HY munis. In 2018-9 I have used OPTAX and ORNAX. Sure, I know the risk and volatility and still invest in HY Munis. I invested usually at 99+% in stocks+bond OEFs and none are cas…
I cut back on IOFIX because as mentioned before I am really spooked with what is going on with the yield curve and longer dated Treasuries. Albeit continued strength in the economy as evidenced by a widening yield curve should be a positive for I…
You are correct, PV has 2 choices monthly or yearly performance. This means the -0.87 is per one whole month.
I looked carefully (I hope) and that day last Nov was the worse one day decline in 3 years, I found several more days with -0.6 to -0.8%
I also like to buy new hot funds and I don't care about the ER that much. I bought EIXIX earlier this year but sold after a few months when performance was going nowhere. I have talked with the manager and one of their directors and EIXIX invests m…
I never invested based on news and never will. The lib media is making a lot of noise about recession just like they did before about Russia and collusion. The economy is doing fine, we have one of the lowest unemployment ever.
I use tech analysis…
I have owned IOFIX twice for several months. IOFIX is the only fund in my watch list with much higher volatility than the category every several months with no apparent reason which scars me.
See YTD chart of IOFIX+JMSIX. Look at 02/2019 where IOF…
PIMIX easily beat the index BND. Of course, PIMIX is a flexible Multisector fund and BND is a high rated bond index but it did. I hardly ever use an index fund which is a plane without a pilot. I like my fund/managers to have the ability to make …
I posted the following on M* several weeks ago but it's still current...First, managers invest in global bonds then, they look at 11 US stock sectors and select 5 undervalued sectors, then take 4 sectors out of 5 with the best momentum. They don't i…
I don't see any reason to own this fund. YTD over 8% is impressive but I would not buy a bond fund that made over 5% in one day (that was at the end of 01/2019). This is a red flag. If I want to Multi sector funds see the following
Suppose I wante…
Buffett lost his edge years ago. In the last 10-15 years, information is quick and available globally so it's much harder to find hidden nuggets. Buffett can still make better deals than most such as: influence management from within, make deals wh…
Where to start?
Catch 22: When you don't know much, you have no idea if your broker (or even your financial adviser) is good, when you get better you don't need an adviser.
Brokers are not Fiduciaries. I would not use a FA(financial adviser) Fiduci…
Where is the money? taxable or IRA or in Rollover IRA and you need RMD?
In IRA, reinvest the dist
In taxable,
1) most investors dist are small than what they need to live on, in this case, let your dist go into cash
2) If your dist > than what y…
Generally, I'm at 10-15% in stocks but I can be up to 30-40% in certain times for several days. This can happen when SPY goes down and rebound, I watch the MACD, it has to go to negative(around -50) and rebound, I buy on the first positive day and s…
I would not buy any fund which is not available at Fidelity and especially Schwab. In the last several years Schwab is faster than Fidelity to offer new funds.
Here is another question, why I can't find any meaningful info about the founder Ofer A…
I like listening to the bond king but Mr G was wrong so many times, it's embarrassing...and he was wrong about bonds too because nobody can predict what markets will do in the next 3-6 months. His biggest dare prediction is for the 10 year treasury…
Actually, CAPE is wrong. CAPE can be off by years so why use it. Sure, eventually stocks will be down at some point, they always are. There is no indicator that can predict when prices reach tops or bottoms so the best way IMO to use a mechanical …
MikeM, I believe in investing only in 4-7 funds using indexes + managed funds. Generally, for stocks, I prefer indexes but I prefer managed bond funds with great managers. There are only several managed funds I would own over stocks indexes and it'…
The answer is about 25 times your annual expenses at retirement. Mr. Bernstein is wrong for decades, if you listen to him, chances you will never retire, especially if you invest in Treasury inflation-protected securities and inflation-adjusted im…
I'm not seeing any evidence why Munis would return any more than the MM you are in. They have been a go-no-where investment for over 2 years now. Curious what you see that is going to change that? No, I don't think you can be late to the party. Quit…
As I pointed in my first post I like to include links to prove my points and why I included a chart. Please include charts to support yours.
I'm not going to buy his book because I can find his ideas on the web + I'm looking for indicators that wor…
The main difference is that PIMIX is OEF which means price=NAV while CEFs has a price for trading which is not usually equal the NAV(which is what it's worth). In a meltdown, the price can go down very quickly based on trading all day long from buy…
