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.
Hi guys,
Since, I am retired and in the distribution phase of investing I like my portfolio to generate ample income to meet my needs. In this way, I do not have to sell assets to meet cash distribution needs.
In addition, I also look at it in th…
Thank you @Simon for making comment about 2009 falling off from the rolling 10 year returns.
I can tell from your approach you are not the typical person that vists the board.
Please keep posting and making comment.
Old_Skeet
Old_Skeet's market barometer, which follows the S&P 500 Index, as of Friday December 13th market close finished the week with a reading of 138 which indicates that the Index is currently overbought based upon the metrics of the barometer. For t…
I have owned the Fidelity Real Estate Income Fund (FRINX) for about seven years with it being a member of my hybrid income sleeve. Thus far my total return in the fund has averaged a little better than 9% per year with an income yield of a litte be…
With a said heart ... I make this post.
I have just learned in talking with Ted's wife, Lynn, that Ted Didesch recently passed. He died of congestive heart failure. When I can locate an obituary I'll post it.
Old_Skeet
Here is a link to Ted's o…
Hi @johnN.
John, I want you to know, as a member of the board, I appreciate your endevors to find related investing articles, posting them, thus keeping the board supplied with good reading material.
I'm not sure what has happen to @Ted and the…
Hi @johnN,
A couple of things ...
1) Thanks for stepping your posting activity up since Ted has been absent from the board the past couple of days. This gives readers something to keep coming back for to read.
2) And, please keep finding some ge…
Hi @kings53man.
Thank you for your question concerning corporate buybacks.
Corporate buybacks usually effect both stock prices and corporate earnings. Thus, they are a means companies use to increase investor equity.
With this, all three feeds …
Hi @Simon,
Thanks for your comment under this thread which leads me to ask an open ended question about your valuation comment. My question for you is found towards the end of this post. Below is my comment on how I reach valuation conclusions whi…
Hi @hank. Thanks for making comment. Below is an update for the week.
As of December 6th Old_Skeet's stock market barometer which follows the S&P 500 Index closed the week with a reading of 140 which indicates, based upon the metrics of the b…
Old_Skeet's market barometer drew a good number of clicks and at times a number of comments. However, its last post on 11/08/19 failed to draw a comment. Due to the posting rules on the board for discussion it went to never ... never ... land ... …
Hi @MikeM.
Thank you for your question.
I'm somewhat like @hank in that the cash area of my portfolio is designed to offer liquidity and stability along with a little income. I let the income area of my portfolio provide most of the income that…
Had a maturing CD this week and due to current low yielding CD rates put the money into one of Federated's Government Money Market Mutual Funds (GOFXX). I'm now down to a three step CD Ladder as I have a CD maturing every six months.
Hi @Crash,
I remember those 5%+ yields on CD rates ... however, that was back in 2004 ... 2005. I'm not expecting to see the 5% CD yields anytime soon. In looking at CD rates, that my broker offered this week, they were 1.6% on 6 mo, 12 mo and 1…
@hank,
I wonder if you were able to do this through a brick & mortor office of TRP rather than thru their online service if transfers would work better? In this way, the medallion seal could be affixed on the spot, if required, without you ha…
Here is a thought. Have the financial institution that you are moving the assets to use the ACAT system to make the transfer. The link below will describe how this works.
https://www.investopedia.com/terms/a/acat.asp
Hi @hank and others.
I use to use the Lipper Balanced Index as my bogey. However, it is no longer easily accessable to follow weekly so I've done as hank and chose a fund within my portfolio that has some common traits as my overall portfolio.
Wi…
I owned, years back, two Pimco funds (PASAX & PAUAX) that Rob Arnott was the advisor. At first they performed well and then went into a period of time where they moved sideways and the began to lose. After holding for a few years when I reached…
@ Starchild. My expense ratio = 0.78% according to M* portfolio manager. That is less than the fee based account offered by my broker. With the fee based account, I'd be paying 1% plus what the fund company's charge to hold etf's and no load fun…
PONAX is the lagging member in my income sleeve year-to-date. However, looking out over a five year period it is second best. One of the reasons that Old_Skeet does not put all his eggs in a single basket; but, uses a multi fund sleeve investment/…
Hi @hank,
Replace the dog with a cat and you've got it! Our family cat awakes me around 3:00 am each morning and will nag me until I get up. He got in the habit of doing this because years back I'd get up around 3:00 am each morning to check the…
Hi @Simon, I was a former corporate credit manager. Oversight on the portfolio is a piece of cake compaired to what I was employeed full time to do. I'm now retired.
Hi @Starchild,
Thanks for your comment and question that you directed my way. Many of my American Fund holdings came to me via gift and inheritance with some of the funds dating back a couple of generations thus being in family hands all the way…
Hi @Puddnhead,
In answering your question(s). I got up early this morning to read the proof edition of the Observer. Just kidding. I'm diabetic and I was up for my early morning snack which I do most mornings around 3:00 am.
As for VWINX ... Th…
Hi @Derf,
Thank you for your question concerning how much equity a fund can hold and be considered a holding for the income area of the portfolio. There are two income sleeves. One is the income sleeve and the other is the hybrid income sleeve.
…
The wealth tax.
I'm thinking a good number of the most wealthly would be shielded from this tax through the use of a trust. In this way, they really don't own the assets but recieve benefit from them as beneficiary of the trust.
I've never h…
Nice thread ... Let's keep it going by making comment.
For me, now retired, I have been investing in fixed income more so than on the equity side of my portfolio as I am in the distribution phase of investing. Two fixed income funds that I recenet…
@msf,
Thanks for posting those 7 day yields on the mmk funds I referenced. I have a sleeve of mmk funds set up in M* portfolio manager in which I use the TTM yield to follow yield on all my funds. I guess, I could have used the weekly gains to co…
I'm thinking as the market currents change so will the fund's sector orientation. TGUNX reminds me of a fund that I was invested in a few years back ... Ivy Asset Strategy, WASAX. When it was a relative small and nimble fund it was able to followe…
PONAX is one of Old_Skeet's fund holdings found in the income area of my portfolio. Year to date it trails most of the other funds found within its sleeve; but, for November (as the article states) it and a few other of it's income sleeve members a…
Although I have never owned LEXCX I have owned, in the past, a fund which is the modern day version of LEXCX. It is IACLX (Corporate Leaders 100). It holds and equally weights the top S&P 100 companies and has a value approach as it rebalances…
November Comments
As of market close November 1st Old_Skeet's stock market barometer which follows the S&P 500 Index (SPY) closed the week with a reading of 142 indicating that the Index is overvalued based upon the metrics of the barometer. Th…
In addition, I have been providing weekly updates under a thread I started regarding my market barometer. If I understand correctly ... from reading what Old_Joe wrote ... I can not update my thread weekly and bring it back to the front of the stac…
Good morning all. I really find favor in Ted posting this each morning. I can just click on the links for the sites I wish to visit for daily updates. Thanks again Ted for doing this each morning. It is really appreciated. Skeet
@hank and others.
I like to find favor in folks for the good they bring to the board rather than hit on them for their short comings.
For sure, I don't read everything that Ted puts up. But, once in a while I find a real gem among his many postin…
