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With the throwback rally that took place today with the S&P 500 Index closing at 2882 Old_Skeet's market barometer produced a reading of 159 which indicates that the Index has moved from oversold to undervalued.
Hi guys,
Just got through reviewing my portfolio. From the numbers ... S&P 500 Index down about 6% from recent high ... Old_Skeet is down 2.6% from recent high. And, with the S&P 500 Index closing today at 2845 I plan to buy the first st…
Hi @MikeW,
Thanks for your request for my thoughts concerning funds that you have under review.
I'm thinking that there are others that are better able to make comment on the subject funds that you have under review than me. Generally, for equity…
Although the request is for books on the subject of retirement funding; I thought I'd post on how I managed my parents money after they retired and now what I'm doing that I'm retired. I'm by no means saying this is right for everyone ... It is wha…
I made an adjustment to my asset allocation back in the 4th quarter of 2018 as I felt that equity valuations were becoming streached plus the yield curve inverted. For now, I'm rocking along at about 20% cash, 40% income and 40% equity which I call…
On 8/1 I plan to add to my PONAX position from my portfolio's July income generation. For me, equities are currently to richly priced to be buying at this time. With this, I feel it is better to wait for a stock market pullback before adding to an…
Seems, the claimed new and improved product has not only had system glitches ... it also ... seems to now offers less content. In addition, it took it an extended period of time for me to pull my portfolio up for viewing yesterday evening. With th…
Hi @Rick ... Old_Skeet can now be found there posting as Skeeter; however, I have no plans to leave MFO. But, I do plan to make comment on your board from time to time. I stopped posting a long time ago on the Morningstar board although I'd visit …
Hi @Ted, Let's look at this for a rolling 5 year time span against some other multi sector bond funds. The three I selected, which I own, were PONAX, LBNDX & JGIAX. EVBAX came in a distant fourth and just behind Fuss (and team) with their fund…
Nice article which pretty much mirrors my own perspectives and much what I do now being in retirement.
The way I govern my withdrawal rate, from my portfolio, with me now being in retirement is to take a sum of no more than about one half of what m…
I wish Ms. Gaffney well as I felt she should have kept her alignment with Fuss (and crew) and not moved to Eaton Vance in the first place. But, no doubt she felt differently. And, now look at the challenge she faces in finding another home. I'm t…
In my large/mid cap sleeve, found in the growth area of my portfolio, I own SPECX, AGTHX & AMCPX in the large cap growth space. All three of these funds are long term holdings, for me, with sizeable capital gains exposure should I choose to sel…
Hi @hank, Yes, I hold a good number of asset allocation type funds within my portfolio. And, the big reason, for me, in doing this is that they seem to be more adaptive to forever chaning market conditions.
The three main reasons that Old_Skeet owns bond funds follow. They are for the income they provide, for portfolio diverification; and, since bonds are less risky than stocks, to somewhat hedge against a stock market decline. I'm also holding more …
On the subject of the thread. I have linked below what the thoughts of the widely followed Josh Brown has to say on the subject.
https://thereformedbroker.com/2019/06/21/yes-of-course-trump-could-fire-the-fed-chairman/
So, it seems, the Trumpster…
Hi @Edmond, Thank you for your comments as they pretty much mirror my own thoughts about our President. I'm a member of the Democratic Party and I am truly saddened about the direction that Nancy Pelosi and Chuck Schumar have taken the Democratic P…
Hi guys,
FWIW ... For those that own the subject fund.
One of the things that concerns me about this fund is the third party risk that it is no doubt carrying. Does that not concern you? Remember Bear Sterns carried a lot of third party risk pa…
Yep, I've been on the cusp of adding a preferred security fund to the income area of my portfolio for sometime. However, currently most of them are in good demand and at their 52 week highs. So, I've held off.
Generally, Old_Skeet, now retired, does a portfolio review and a calendar rebalance in May and October and at other times if felt warranted. My asset allocation threshold is 20% cash, 40% income and 40% equity. I allow for a 2% + (or -) movement fro…
Hi @Derf, I'm not a tax expert. From experience, I believe the IRS requires a 10% withholding, at the time you take the RMD, unless you tell the brokerage, bank or fund company not to do so. However, you will be required to pay any taxes owed when …
Hi @hank.,
The "Sell in May" axiom has many spins to it. Below is mine.
Generally, Old_Skeet does a portfolio review and a calendar rebalance in May and October and at other times if felt warranted. My asset allocation threshold is 20% cash, 40…
For Old_Skeet I have in the past, at times, held some precious metal funds. From my perspective gold is simply a store of value in that in times of uncertainity it usually increases in value as investors seek to reduce risk within their portfolios …
Not saying these are the best global dividend payers; but, it is what I own in my global equity and global hybrid sleeves found in the growth & income area of my portfolio. In my global equity sleeve I own DWGAX which has a dividend yield of 2.…
Old_Skeet is a card carrying member of Ed's Trading Tribe (TT).
There is a lot of investor and trader wisdom conveyed through the song. Ed's influence was one of the driving forces that lead me to develop Old_Skeet's market barometer; and, altho…
Regarding the question ... "Why is this market not lower?" I'll go with the thought that the "Plundge Protection Team" has been engagued to maintin market stability.
Hi Pud, in answering your questions my comments follow.
When I retired, from full time work about five years ago, I began to get more conserative within my portfolio and I began to trim my equity allocation. CTFAX is a fund that I purchased with…
@ducrow,
Much the same here. I, too, have ample cash to cover most upcoming expenses. I held off making a new vehicle cash purchase late last year because of the FOMC's uptick in rates. Still have not bought ... but, perhaps I will soon. I'm th…
Hi Pud,
Enjoy reading your notes, comments and thoughts.
Bought a little last week based upon my market barometer reflecting that the S&P 500 Index was undervalued with a reading of 158. It closed this week with a reading of 148 indicating th…
In the Hotchkis & Wiley family of funds Old_Skeet owns HWIAX which is their capital income fund and it too owns most anything that it wants. Within this fund you will find many of the equity holdings that are also found in HWAAX. HWIAX pays a …
Old_Skeet's infrastructure fund is PGUAX. I have owned this fund for better than five years. PGUAX pays a quarterly dividend (and has the higher yield) where CSUAX pays semiannually. Both funds carry four stars from M* with PGUAX having, overall,…
@Derf, I though about the very same that you bring up ... and, I guess indirectly I do through owning item #10 which is a bond fund. By having a good number of income generating positions within my portfolio I suspect that I do own most of the item…
I don't know about a bull trap? But, it seems over the past couple days the bears (that had short positions) got caught in a short squeeze. Seems short interest, for the S&P 500 Index, has now fallen to 1.8 days, to cover, from 3.1 days. With…
Currently, Old_Skeet's CD ladder consist of a six, a twelve and an eighteen month CD with a combined yield of about 2.65%. In comparison, my three money market mutual funds offer a combined yield of about 2.50%. With this, I may close out a money…
TIBAX is one of Old_Skeet's funds held in the Growth & Income Area of my portfolio inside my global hybrid sleeve. I have owned this fund for better than ten years. The other members of this sleeve are CAIBX and TEQIX.
