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.
i use portfolio manager, still. It appears to operate the way it should, but I've caught inaccuracies many times after checking with other websites.
I've noticed this as well.
The price of a mutual fund (VFIAX?) was not updated for several days on…
Warren Buffett believes that the vast majority of investors should diversify extensively and not trade.
"If you are not a professional investor; if your goal is not to manage money in such a way
that you get a significantly better return than the…
I recall hearing about the exorbitant charges for Secret Service stays at Trump properties a while ago.
Instead of showing any appreciation for the people responsible for his protection,
Trump's company screws 'em (and taxpayers) over.
Grifter-in-C…
It looks like the Matthews group has been hemorrhaging assets and now manages less (a lot less) money than they did 10 years ago. The company is flailing and throwing all kinds of sh*t at the wall in the hope something will stick. Look at the mass…
"No man is above the law and no man is below it: nor do we ask any man's permission
when we ask him to obey it. Obedience to the law is demanded as a right; not asked as a favor."
-Theodore Roosevelt
Excerpts from "Letters from an American" newsletter dated Oct.12.
"Trump lawyer Christina Bobb, a former commentator on the right-wing One America News Network, signed a letter on June 3 certifying that Trump had returned all the records marked 'cl…
"The people familiar with the investigation said agents have gathered witness accounts indicating that, after Trump advisers received a subpoena in May for any classified documents that remained at Mar-a-Lago, Trump told people to move boxes to his …
I follow a bunch of intermediate core and intermediate core-plus bond funds via Portfolio Manager.
These funds include DODIX, BCOIX, BAGIX, FBND, VBTLX, VCPAX, WACPX, etc.
YTD returns range from -13.25 (DODIX) to -21.51 (WACPX).
Twelve month returns…
I don't have a NY Times subscription myself.
I can usually read NY Times articles using the following process.
Google the exact title - "A Lost Manuscript Shows the Fire Barack Obama Couldn’t Reveal on the Campaign Trail" in this case.
Navigate thro…
"So what do folks think...annuitize a portion of your nest egg to act as a "defacto" pension for those without one? If so, what type of annuity...inflation protected, length, simple etc?"
Annuitizing a portion of my portfolio sounds appealing in th…
@Ben,
Was the word "this" highlighted in the second sentence?
Edit/Add: There was an embedded link associated with "this". The link was removed and then added to "Link".
This was a good episode.
At the start of 2022, approx. two-thirds of the PRWCX fixed income portfolio was in short-duration bank loans.
This positioning really helped fund performance - especially on the fixed income side.
Historically, Mr. Giroux …
I don't have any personal experience with Firstrade.
Firstrade offers Admiral shares for Vanguard active funds (VWIAX, VWENX, VEIRX, VWNEX, VWILX, etc).
I'm not aware of any other brokerages except Vanguard where an investor can purchase Admiral sha…
My portfolio is tracked via M* Portfolio Manager.
I often check daily performance.
There is no really good reason for this since I don't trade too often.
"These were not a good investment starting in 2003 or so until inflation showed up in 2021."
I guess it depends on one's perspective.
I consider I Bonds to just be a cash substitute.
The 1.9% safe withdrawal rate (SWR) referenced in the article is much lower than some others suggest.
M* suggested a 3.3% SWR for a 50% stock/50% bond portfolio.
Bill Bengen believes retirees can safely withdraw 4%-plus from their portfolios
unless…
I remember Ken Heebner back in his heyday.
He was quite the gunslinger!
IIRC, CGMFX short-term performance was frequently either near the top or bottom of its category.
Also, I was invested in a Mutual Series fund (Beacon?) in the mid 90s when Micha…
Ken Heebner has managed CGM Realty Fund (CGMRX) since its inception in 1994 and CGM Focus Fund (CGMFX) since its 1997 inception. Both funds have above-average/high expense ratios and above-average/high risk according to M* (CGMRX may be miscategoriz…
This has been an extremely challenging year for the traditional 60/40 portfolio.
It's very rare for stocks and high-quality bonds to both be down for two or more consecutive quarters.
From Ben Carlson:
"The 6 month returns for a 60/40 portfolio wer…
"Anyone care to comment on AKREX (-29% YTD) or TMSRX (-5.5% YTD) ? Seems to me they were 'fan favorites', kind of crickets lately, anyone still holding? Talk amongst yourselves."
"Anyone care to comment that Hussy, HSGFX is in fact AHEAD of PRWCX f…
The X shares are available exclusively via eligible defined contribution plans.
Go to the Dodge & Cox "funds at a glance" web page and click on the drop-down arrow for share classes.
The following info is listed for X shares: Class X (Defined Co…
If the Nasdaq Composite and Russell 2000 close below June lows in the near future,
what does that portend for markets and what is the reasoning behind this?
I haven't investigated the tax ramifications of selling Treasuries in the secondary market.
Except for I Bonds which I've been purchasing for years, I've started buying Treasuries
(13-week / 26-week T-Bills) only recently in May. I buy at auction an…
"Most recently, Dodge & Cox moved to keep its funds attractive from a pricing standpoint.
It has long targeted cheapest-quartile expense ratios for its single, no-commission share class - a boon for retail investors. Over time, however, the fee …
U.K. Chancellor Kwasi Kwarteng’s mini-budget was ill-received.
Consequently, the pound sterling fell sharply to a 37-year low against the US dollar.
The Bank of England was concerned the situation threatened the financial health
of Britain's largest…
VPCCX has been closed to most new investors for a while.
Vanguard Flagship/PAS customers can open new accounts in VPCCX without any purchase limitations.
Vanguard Flagship customers can open new Primecap (VPMCX) or Capital Opportunity (VHCOX)
accoun…
It seems highly improbable for three pipeline leaks to occur in quick succession.
Taking into account the current situation in Europe, I would suspect sabotage.
To echo what the European security source asked Reuters: Who would profit?
