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lynnbolin2021
Hi Sven,
It sounds like we are taking the same path.
In the Fidelity Fixed Income, Bonds & CDs tool, if you select "Bonds" and then "All Offerings", you will arrive at a screener. In the "Show More Criteria" you can select "Yes" for "Call Protection". Under "Product Type", exclude "Corporate High Yield", "TIPs", and "Municipal". The latter two are fine but should be screened separately. For "Ratings", I like Moody's "A2 to Aaa" and for S&P I like "A to AAA". I also like to untick "Show bonds matching either ratings range" so that bonds have to be in both ranges. Set the date range. I set the Yield to worst at about 3.75. You can then run the query. Sort the results from highest yield to lowest.
The results with Yields more than 4.5% are:
Federal National Mortgage Association
Federal Home Loan
John Deere
Federal Farm Credit
Bank America Corp
US Treasuries
State Street
PACCAR Financial
Hope this helps.
Hi @Baseball_Fan,
PVCMX and TANDX are under my radar screen as I require a $100M in assets before they hit my screens, and usually require a Fund Family Rating of 3 or higher. That said, their risk adjusted performance has been good, especially, PC…
@Hank and @Derf,
TMSRX is not particularly tax efficient. It is also conservative. For these reasons, I consider it ideal for some investors in their tax deferred accounts (Traditional IRAs). This is where I have it.
David, thanks for posting your research on REMIX. I compared REMIX to FMSDX, looks good...see https://stockcharts.com/freecharts/perf.php?REMIX,FMSDX&n=455&O=011000
Would love to hear Lynn Bolin's take on this fund as well. I am continuing …
Many fine point along this discussion. Yes, FSRRX won't perform well during low inflation periods. I like Vanguard Global Wellington (VGWAX) in addition to VWIAX. These and other funds should be the core of a portfolio.
I like FSRRX, VCMDX, COM,…
Here is a good article on the same subject. Michael Townsend and Hayden Adams from Charles Schwab added some more insights in addition to the article that I wrote.
https://www.advisorperspectives.com/commentaries/2021/09/17/will-taxes-rise-for-th…
The 1980's saw inflation without much growth. Another scenario is Japan with high debt and low inflation.
I bought the Fidelity Real Return Fund (FSRRX) last year anticipating inflation. It's performance has not been great, but it has done well t…
I should have been more clear, @bee. When I said rates have been falling since the 1970's. the began falling in about 1982 when Mr Volker broke inflation by raising rates. VWINX has done well with it's low cost, value oriented philosophy, and was …
Thanks for reading, @golub. It is difficult to set up and track individual portfolios, because many investors have limited access to many funds, as pointed out in the thread above. Some investors can't buy Vanguard or Fidelity.
I often show exa…
@LewisBraham Thanks for reading and commenting. Short-term inflation has been high, I believe due to supply chain interruptions. Longer term, I believe debt and demographics will be deflationary.
Other factors may impact some types of inflation.…
Hi @davfor VWINX is certainly a good fund and one of my larger holdings. I am concerned about the long bond holdings and how they will do in inflationary times. It has benefited from falling rates which may not be there in the future. VWINX has d…
Hi @davfor VWINX is certainly a good fund and one of my larger holdings. I am concerned about the long bond holdings and how they will do in inflationary times. It has benefited from falling rates which may not be there in the future. VWINX has d…
Hi @Vegomatic,
The funds were chosen based on their characteristics including valuations and allocation to foreign stocks and bonds. The backtest was only to show how the portfolio would have performed over the past several years. What I like abo…
@msf and @davidmoran
Wow! Impressive answer. I will have to take a closer look at it when I get more time. Thank you. I did not know that pictures could be posted either.
Hi @davidmoran
Sure, I can provide some clarity to some of the risk metrics. There is a nice tab in MFO Premium with the definition of most metrics. Here is a summary of a few:
STANDARD DEVIATION indicates the typical percentage variation above…
@carew388 I own three commodity funds and they are doing well. I started tracking TBF in case interest rates rose. I suspect IVOL did well when rates were rising but now that they have fallen, IVOL is not doing well.
The Ulcer Index measures the length and duration of the maximum drawdown over a period of time which in this case was three years including the 2020 bear market.
Each bear market is unique, but I believe that it is a great relative risk indicator. …
Lynn, thanks so much for sharing your thoughts, especially on GAVAX. I look forward to reading your commentary on non correlated assets. Your articles have really helped me, and I’m using MFO screeners more and more. I feel indebted.
Rick, Here is …
Hi Lynn,
Thanks so much for your articles that you've posted both here and at Seeking Alpha. Really appreciate it. You brought several funds to light that I was not aware of -- in particular IHDG and HEFA. I've also read David's article on Yackt…
Hi @Rickrmf,
I have put a lot of time into analyzing defensive funds. My ranking system is based on seven factors applied equally to every fund. After the article last month I now apply the seven factors differently to Mixed-Asset Funds, Uncorrec…
@hank, @carew388
Below are the mixed-asset ETFs that I track. I will check out TDSB and TDSA.
HNDL, QYLD, FTLS, PHDG, CSM, ICVT, RLY, AOK, AOA, AOM, FCVT, QAI, OCIO, GAL
@golub
I think @davidrmoran and @Sven are correct. If you register and cannot access the articles try a different browser. I use Edge and Chrome. If that does not work, I can be reached at:
[email protected]
However, I work internati…
Interesting discussions and part of the topic of my next article on MFO. It is about a tactical approach to a portion of a portfolio. The bulk of my investments are in buy and hold mixed asset funds, and I am setting aside a portion for tactical f…
Thanks for that last post. Brought this thread back up to top and reminded me how good it is. Buying some more FMSDX tomorrow in fact. MGGPX has been doing great too.
Thanks for reading and commenting @JonGaltIII. I will look into MGGPX more close…
With due respect. I found this way too much information to be useful. Need to simplify life.
Hi @VintageFreak Some people like details and others don't. I break out the articles so that Readers may skip sections. There is usually one section that …
Circling back to this... given what was said about HY bonds and inflation / recession related to the worry with FMSDX ... if you were trying to decide between adding more to FMSDX or FBALX right now... which would you prefer?
@JonGaltIII FBALX is …
@Fred TMSRX's have been low, but maximum draw down was only 4.7% during the past three years. One year return is 18% and three year return is 5.4%. Their goal, if I remember correctly, is to make 6% plus the rate of inflation over time.
For me…
@Anna and @davidmoran,
Thanks for the great discussions about inflation.
The article below shows the estimate for consumer inflation came in higher than expected at 2.6% YOY in part due to higher oil prices.
https://www.cnbc.com/2021/04/13/us-cons…
Thank you for your excellent work! I wonder if there are a handful of truly exceptional funds that are worth spending the commission $ for? We don't know what we don't know....
Here are the funds that I am researching now. They had low draw downs…
PRSIX (a 30-50 allocation fund) was listed as one of the top 12 as FMSDX but when I compare the two, FMSDX appears to be the clear winner. PRSIX does have a longer track record but FMSDX has certainly outperformed PRSIX in the last 5 years. I gues…
Thank you again Lynn, for your tremendous efforts.
And I add these for and to you.
--- su·per·la·tive
/səˈpərlədiv/
an exaggerated or hyperbolical expression of praise.
"they ran out of superlatives to describe him"
--- gra·cious
/ˈɡrāSHəs/
…
Annoying that so many of my recent Fund purchases at FIDO have had Transaction Fees (i.e. ARBIX, HMEZX, FPFIX). I would usually refuse to pay $50 a pop - feels like a corporate donation.
@JD_co I bought ARBIX through Vanguard. I buy other fun…
Awesome list,except for 2 funds I'm confused on: DODLX and NTBIX both have transaction fees at Fidelity?
Sorry for the confusion, @carew388 Table #5 was a list of "Best" Funds from Fidelity without regardless of whether they had fees. The first …
Thank you so much for the kind words. I generally write two articles per month. The one on Seeking Alpha comes about a week into the month and covers fund updates for the previous month using MFO. I write an article for MFO for their monthly news…
Thanks for setting up the Webinar @Charles and to those who joined in. Explaining how the systems works and what it means makes me think things through. As I mentioned, I just set up the three trending buckets. Since the Webinar, I realized that …
