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.
Hey, income funds on my mind lately, just past the 59.5 mark.
A look back at some notables this past year, sorted by APR highest to lowest:
Hi Charles,
I am having a problem understanding the numbers in your 1-Year Display Period.
Mona
Mona, they still haven't finished converting all accounts? Whatsamatta Vanguard?
AndyJ, well, if one buys into the rational at Vanguard, the reason is they want to make certain all the bugs are worked out first. I have no idea what bugs they have or…
Vanguard used to give you one account number for Vanguard MFs and a different account & number for investments bought thru the brokerage. Last year they consolidated - Vanguard funds, other family funds, stocks, etfs, etc. are all accounted for …
As for Russia, I honestly don't care. Tired of being "Team America: World Police" - if Europe is upset about Greece potentially siding with the Russians, let Europe deal with that.
+100!
I have found PONDX rocky enough recently not to use it anymore
I see PONDX working just fine. Year-to-date +3.35% and I see absolutely no problem with 1-3 year results.
http://tinyurl.com/m37qtl2
Specifically, what makes PIMCO Income so rocky fo…
Still waiting for Obama and his family...as well as anyone else in Congress who voted for it ... to enroll in Obamacare. Is that gonna happen when hell freezes over or when pigs fly???
Hi little5bee,
This ought to make you feel even better!
"Maj…
and yes, davidmoran, you're dripping left of liberal and re-distribution in every little key touch. just take it easy, so there could be at least some variety of opinion on these forums.
:-)
Still unless you decide to give up the tracking and totally trust the brokerage firm, you will want to track the cost basis to check accuracy.
Hi Maurice,
Thanks for your reply and no problem in the delay. Just make certain it does not happen aga…
One of the practices that I adopted years back, for better or worse, is to take short term and capital gains distributions (taxable accounts only) in cash. I am already paying taxes on them, so why not simplify things by avoiding reinvesting.
Hi M…
Hank, I agree with you about the past 15 years don't have anything to do with the coming 15 years. But let's not attribute that only to the James fund. That statement covers ALL funds. Assuming Vanguard has a better research department than James…
Yes, the Balanced fund has done very well. M* likes it. But, you're not buying the performance of the past 10-15 years. You're buying the performance of the NEXT 10-15 years. Big difference. Do as you will. And you will. Were it me, I'd stick with…
msf,
Thanks for your post and hopefully Leroy has read it.
On a different note, I happen to think Wellesley and Wellington is an excellent combination if a 50/50 allocation is desired.
Mona
Leroy,
I tried my best to get you to understand the "obsession" with low expenses.
Mona
So what is the big deal with it? The tax cost ratio is also a big drag on performance.
Anybody?
The "big deal with it" is the 3, 5, 10 and 15 year Standar…
Glad to help when I can. Still working on Primecap.
David
Hi David,
The best of luck in getting Primecap Management to say anything of significance.
Regarding their "space" of investing, as a long time investor, I certainly hope they stay with U…
I've never quite gotten the obsession with low expenses, despite having read several books about it. All else being equal, sure, I'll take the lower expenses. But rarely are "all things equal."
I am in the process (will do over a 2 year time span)…
You tell him, Catch!
Tampa Bay - If you're not going to do some traveling with all that $$ you're earning ... WT# are you going to do with it?
Nobody can drink THAT much beer.
Especially Bud Light!
Mona
Mark makes a very good point. Maybe I'm wrong, but my sense is we have very few "stay-put" type investors posting on this board. There's one notable exception (And I'd rather not go there, thank you.)
Hi hank,
I am a "stay-put" investor. Leaving o…
Hi bee,
Now we are talking ;-)
A nice lower Standard Deviation combination throwing off some nice income, is a combination of VWINX and PONDX.
Best Regards,
Mona
I sold half of my MACSX and moved it to SFGIX. I closed an orphan position in DIBRX. I bought some BRK.B
00BY,
As you know SFGIX is up 16% YTD. And, being I recall hearing or reading from Mr. Fosters recent conference call that he does not expect…
My investment in Vanguard Wellington began almost 30 years ago. Can't find many better and steadier performers.
I could not agree more or think of a better steward of my money than Wellington Management Company.
Mona
Maybe next time I will go to Mexico.
http://www.riograndedental.com/
Dex,
I am a resident of Panama and the prices can be great and quality of care top notch. I know a number of Panamanian dentists educated and trained at the best schools in the …
"Just my opinion, but dentists are becoming more and more like unethical stock brokers. They are churning their patients because that's where the money is, just as brokers churn their client's portfolios"
Hi John,
Kind of like veterinarians, becau…
I had a shock just before I left. My doctor gives me a prescription each year. Last year it was $68. This year $109. I'm sure the cost for the pharmacy didn't go up that much. In another episode I didn't mention, the wife was coming down with sinus …
When Lou would sit at the big table and the weekly guests would join him, sometimes there was a *very good-looking* female in the mix. I don't remember her name but I wouldn't mind seeing her again. :D
Sorry for being so shallow. :(
Gail Dudack. …
They work by following trends, until the trends no longer work!
I had a lot of luck with PQTIX in 2014, but less so in 2015. I am having better luck with AQMNX in 2015.
I watch my positions in these two funds very closely.
Mona
Tampabay,
PFORX is primarily getting its return from price appreciation and not yield. The current 30-Day SEC Yield is 1.21%, but the fund is up 11% over the past year.
There are a lot of moving parts and the success is dependent on elements such …
Hi BobC
I have had quite a bit of success with PFORX over the past year or so. I am thinking of cutting back a bit and with the proceeds opening a position in PDIIX.
What are your thoughts regarding these two funds going forward.
Best Regards,
M…
