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.
D&C is a good shop but I never used their funds because I found better choices. They also take an extra risk and when markets don't do well they lose more.
DODLX vs PFORX (chart)
DODBX vs PRWCX (chart)
DODGX vs VFINX (chart)
DODFX vs HFQTX (cha…
@dtconroe
Regarding Tax Cost Ratio (TCR), I don't recall what tax rate / bracket M* uses to calculate the value. The definition M* provides is silent on the topic. For munis, with a TCR of 0% the issue is moot. Perhaps I don't understand TCR full…
@dtconroe
Regarding Tax Cost Ratio (TCR), I don't recall what tax rate / bracket M* uses to calculate the value. The definition M* provides is silent on the topic. For munis, with a TCR of 0% the issue is moot. Perhaps I don't understand TCR full…
The following is a comment I made many times before in several forums. PE, PE10, inverted yield curve other experts such as Bogle, Arnott (PAUIX) and GMO can be off by months and years. Regression to the mean can be off by years.
NHMAX+ORNAX had a great run in 2019. LT bonds isn't a category I usually use because of higher volatility. My goal is to stay within lower volatility funds but still make a good return. HY Munis also have tax-advantaged over LT bond.
Lastly, if yo…
NHMAX+ORNAX had a great run in 2019. LT bonds isn't a category I usually use because of higher volatility. My goal is to stay within lower volatility funds but still make a good return. HY Munis also have tax-advantaged over LT bond.
Lastly, if yo…
The above 4 periods do not give a typical investor an insight on what to do.
I see only 2 distinctive periods where you want to trade (or make adjustments) if you care and know how to do that.
As a trader, I follow trends closely but I also notic…
FWIW, Schwab lists PONAX with a net exp ratio of 1.45% It also shows it has a 12b-1 expense of .25%. So I have know idea what you would end up paying. But, I haven't owned it for a few years so don't care.
PONAX exp ratio is 1.45%. This includes 12…
The expense ratio for PONAX is 1.45%.
Sebi, in its board meeting on September 18, 2018, anounced changes in the total expense ratio (TER) of mutual funds. It made the changes to bring in transparency in appropriation of expenses, and reducing mis-s…
If that's your only 2 options I would buy PONAX because it's more of a ballast fund than BHYAX. I would start making adjustments to your asset allocation gradually 5-7 years before retirement.
As so many have rightly said - everyone's circumstances are different.
Is it really true that everyone's circumstances are different? can it be that 2 investors with similar situations invest completely differently and both be correct?
Examples:
…
The usual suspect. These articles are published for investors to read with minimal ideas.
Let's take an example of just one sentence "We've had a nice reversal in Q4 where it's risk back on again," said Peter Palfrey, vice president and co-manager …
Mark "Not a fan of Mutual funds, no out performance"
FD I'm a huge fan of Mutual funds. Buying stocks can be rewarding or spinning your wheels. Over the years my stock funds had better risk/reward than the market and my bond funds beat the index…
The title says 7 best. What makes them the "best"? The article does not define that.
+1
I would look at flexible bond funds where managers can add performance + possibly better risk attributes.
Over the years I have been using a high % in one of the following funds NHMAX ORNAX OPTAX PHMIX by using momentum.
My HY Munis fund opened the year with a bang (already 0.7+% in just a week). All my taxable is invested in that fund. Time for me to …
Can I Retire Securely by Saving Only in an IRA?
Absolutely, if you are married and each one of you saved $500 per month and the return is 8% annually in 30 years you will have 1.4+ million.
Then, you just eat rice, beans and ramen noodles for the re…
several comments:
1) I believe and can prove it that in most cases you want to own stock funds + bond funds because bond funds is where you find managers who can add performance + better risk attributes.
2) Stocks are simpler, you must own US LC an…
In 12/31/2010 GMO 7 year forecasted US large cap would make 0.4% + 2.5% inflation = 2.9%. The SPY made over 14% annually (link).
Bogle was wrong about the SPY too and Arnott was very wrong and why PAUIX lagged badly.
Many experts were wrong in the…
stillers "Pretty sure that following a poster from one internet board to another, primarily to harass or criticize, on CHRISTMAS DAY no less, elevates ones already despicable status of "troll" all the way to "TROLL.""
I'm active on MFO since 2017 a…
dtconroe: I have held BTMIX for all of 2019, and it had a good year, but it averages below 3% total return over its history. I have generally wanted funds in my taxable account, with an average total return history of over 3%. Both BTMIX and DBLSX c…
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…
