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 generally view this post each morning. I'll now start posting my appreciation to Ted each and every morning that I open it. Thanks again @Ted. It is much appreciated. I'm also thinking that this post should be allowed as an ongoing exception s…
In prior years I held ADX (Adams Express) in my closedend fund sleeve along with GAM (General American Investors) and USA (LIberty All Star Investor). Another closedend fund that I held from time to time was RVT (Royce Value Trust). One of my favo…
The foreign dividend payers are a good place to look for yield. My sleeve of global dividend paying equity mutual funds has a higher yield than my sleeve of domestic dividend paying equity mutual funds. With this, and most likely, I'll be putting …
As of market close October 25th Old_Skeet's stock market barometer which follows the S&P 500 Index (SPY) closed the week with a reading of 145 indicating the the Index is just barely overvalued based upon the metrics of the barometer. The yield…
@Paul, Trying to buy at low tide can be a bit of a challenge. For me, I like to position cost average into my spiffs, buying the dips, especially after stocks have had a strong run. If you want to look at (and study) a fund that buys the dips an…
Hi guys,
FWIW ...
My reasoning in reducing the amount held in money market mutual funds.
I wanted to carry some extra liquid cash in case there is a selloff in the stock market. With this, I decided to carry extra demand cash to facilitate possi…
Sold off one of my money market mutual funds since there has been news, of late, about liquidity concerns in the repo market. Sold GBAXX on Monday and received the funds late Tuesday evening. I now hold in my investment cash sleeve two mmk funds (…
@Derf, Thanks for stopping by and for your comment.
I'm thinking that this is a typo ... Below is the link for the detail you referenced above.
https://finance.yahoo.com/quote/FLAAX/ then click on the performance tab.
Perhaps, they meant 02/03/2…
Hi @Paul, I'm not sure this will fully answer your question ... but, here is my take.
I did a quick look using the etf JKL as my proxy for SCV and I charted the MFI (money flow) for JKL over the past 12 rolling months. It appears up until mid su…
I'd rather owe them than they owe me. With this, they get my check (sent with my annual return) for any residual sum owed. My tax preparer prints me a nice remittance form to send with my check.
As of market close October 18th not much changed during the week with Old_Skeet's stock market barometer which closed the week with a reading of 150 indicating that the S&P 500 Index (SPY) remains at fair value. Even though the Index increased i…
Hi @Simon, @johnN and others:
How to Deal With Head-Spinning Market Swings ... In short words ... Play the Swing
Big money has the ability to create volatility in the markets though their program trading systems. With this, the markets get pushed…
Hi @Art, (FWIW) I'd say you are conservatively invested at about 70% (cash & bonds) /30% (equity) more so than me being at about 60% (cash & bonds) /40% (equity). With this, you know your risk tolerance better than me. I'd would stay inv…
As of market close October 11th Old_Skeet's stock market barometer closed the week with a reading of 150 indicating that the S&P 500 Index is at fair value based upon the metrics of the barometer. The yield on the US10YrT, for the week, increase…
In looking over a recent Instant Xray of my portfolio ... I've got most of these areas covered that are noted in the article. With this, I have no plans to make any adjustments. So, I'd split it up and position it throughout my portfolio along the…
First, I'd like to thank all that have made comment. I enjoyed reading what has been written by those that made comment.
I found the article that Simon made reference to about Saut's comment. It is linked below.
https://www.marketwatch.com/story…
Hi again @Derf,
I hope the chill pill has helped. And, after reading what others have to say on the subject I'm still with my first thought ... "Digest It and Move On." Sometimes it just gets too complicated to do good things with small sums alth…
Hi @Derf, Since, it is a small amount I'd say digest it and move on. Then consolidate your holdings with only one, or two, advisors. Hope the chill pill helps.
@Puddnhead, As you requested. Here are the tickers for money market mutual funds that I own that have TTM yields north of 2.0%. They are PCOXX, AMAXX & GBAXX. I'm finding current cd rates for 18mo to 24 mo cd's at 1.8% to 1.9%. So, with this…
I always enjoy reading Dr. Madell's perspectives.
Because of possible downdrafts in the stock market Old_Skeet, now retired, carries more cash than perhaps most. There are several reason for this. They are 1) it provides me an additional safety…
As of market close October 4th Old Skeet's stock market barometer closed the week with a reading of 153 indicating that the S&P 500 Index is at fair value based upon the metrics of the barometer. Unless something happens in the market that woul…
With market close of October 3rd Old_Skeet's market barometer with a reading of 160 reflects that the S&P 500 Index is oversold; but, just barely. Seems, there was some program buying today and I'm not sure where this will lead. Remember, in a…
Hi @hank,
Yes, if I was short the Index I'd be closing these positions and going long through an average out short and average in long approach. In following the short volumes on the Index for the past three days the short volumes have been droppi…
Hi @Puddnhead,
My fund managers must be thinking along the same lines as you when it comes to energy as I am close to a double weight without putting a spiff (special investment) in place myself.
In the past, LALDX has been one of my holdings with…
Hi @hank,
Your question ... Buy, Sell or Hold? It depends.
For me, if I were short equities I'd be accumulating during the downdraft. Since, I'm not short equities within my asset allocation I'm going to wait another day, or so, to see how thi…
As of market close October 2nd Old_Skeet's stock market barometer reflects that the S&P 500 Index is now oversold with a reading of 161. With this, I'm thinking there is more downside to come.
October Comments
As we open October with the recent stock market pullback yesterday along with the resetting the earnings feed, for the 4th quarter earnings estimates, Old_Skeet's market barometer indicates that the S&P 500 Index is now underva…
@Sven,
It would be difficult to construct the CD Ladder that I presently have with current CD rates being what they are. My ladder was built over time. And, I'm not sure I'll roll the one I have maturing come December as its current rate is 2.55…
Hello:
My sleeve of money market mutual funds over the past year has had an average TTM yield of 2.2% with its 30 day current yield computed to be 2.16%.
In comparison, my three step CD Ladder has a current yield of 2.6%.
I'm now keeping very lit…
As of September 27th market close Old_Skeet's market barometer, based upon it's metrics, indicates that the S&P 500 Index is presently at fair value with a reading of 149. With this, the Index is rated a hold and will not become a spiff buy unt…
It's said to learn that there will be no more Stock Market Recaps after next week. I have enjoyed reading them for a good number of years and said to see them go.
However, there is CNBC "Morning Squawk" that one can sign up to receive each morning…
Old_Skeet owns AOFAX which has some mid caps in it and is listed by M* as a mid cap growth fund rather than a small cap fund; plus, I also own KAUAX which is listed as a mid cap growth fund by M* but touches most of the style boxes. They are both g…
Old_Skeet's market barometer, which follows the S&P 500 Index, closed the week of September 20th with a reading of 141 indicating that the S&P 500 Index is currently overvalued based upon the barometer's metrics.
I generally trim my equity …
September 13th Update
Old_Skeet's market barometer closed the week with a reading of 135 indicating that the S&P 500 Index is currently overbought based upon it's metrics. This suggest that I should give good consideration to begin the trimmin…
Hi @Ted, Thanks for posting the article by Lewis as I have space set aside within my income sleeve to add a muni bond fund. Indeed NSAOX is an interesting fund and one I have added to my watch list. Two other Nuveen muni funds I have under review…
Should interest rates pull back to where cash interest rates are paying next to nothing then I plan to reduce the amout of cash held within my portfolio from 20% to 15% and then raise my income area's allocation from 40% to 45%. Thus, I'll become a…
I'm thinking that Pimco Income Fund is held by a good number of MFO members. I own the A share version (PONAX) thus I have no wrap fee assessed on my account by my brokerage house. Also, I can do net asset value transfers into other Pimco A share …
