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.
Here is my perspective..
I can go to my public library and read material (books, magazines, newspapers, etc.) without buying the material. So what is so different about accesing published material through Google and being able to read it? Hey, …
Hi @JohnN: I'd have to do a look back into my records to answer this question without making comment outside of best recollection. My recollection was back then I was much heavier invested in equities, being in the accumulation phase of investing,…
Hi @Tarwheel: FWIW
Many have brought this same concern up in the past that you present. @Ted, does post a lot of subscription based linked articles. I have, at times, been able to read some of them by opening them in my incognito tab. I'd rathe…
@mcmarasco:
For me, ISHAX might be a named as a short duration high yield muni fund; but, from my perspective, it is anything but a short duration fund as it carries an average duration of 4.64 years with an average effective maturity being liste…
For me, I'm now about 20% cash, 40% income and 40% equity after recently completing a portfolio rebalance and reconfiruration process which I started at the first part of the 4th quarter. My reblance threshold is +(or -) 2% for my income and equity …
@Derf: I try not to post over something that has already been put up. But, at times, it happens.
Perhaps, the class needed another lecture on the subject and there just might be some that simply missed its first posting as I did. Often times, a …
Hi guys,
I found all of your comments of good value.
This has been a good discussion which I chose to step back from an observe until I felt that it was about to conclude. I'll say this about my all weather asset allocation its purpose is to pro…
@Old_Joe: Some convertible funds have a higher yield than others. For the two that I noted that were open PACIX has a yield of 1.94% while LACFX has a yield of 3.75%. Some may favor a higher yield over a higher total return. I know I look a good …
I use Morningstar's performace tab to do my mutal fund comparisons. Here is the picture I get through their total return charting of FISCX vs. FCVSX. Once you open the link click on compare and add FCVSX into the entry box then click compare. Ove…
@Old_Joe: At one time I use to own a complete sleeve of convertible securities funds. The three that it held were FISCX, PACIX & LACFX. My second choice that I feel is noteworthy is ANZAX but it has a soft close on it as does FISCX so both of…
My cash area consist of two sleeves. A demand cash sleeve where I hold enough cash to meet my income distributions needs plus some for new investment purposes. Generally, this sleeve holds a sum equal to about one years worth of portfolio income g…
@MikeM:
For a good number of years I have referenced Mr. Rowland's Leadership Strategy to see what he is favoring and also to see what might be out of favor within the strategy thus making it a good contrarian play.
Currently, money market has mo…
@hank: I know from reading your above comment that you follow KCMTX.
Did you know that last week being opening week in baseball that Parker Binion's fund knocked it out of the park last week (so to speak)? KCMTX was up 3.2% for the rolling week th…
I wonder why consumer spending keeps falling? After all, consumer spending makes up the lion's share of the economy. Linked below is an article that might be of good interest on this subject.
https://www.reuters.com/article/us-usa-economy/u-s-ret…
@newgirl: The commodity strategy fund that I own is PCLAX. I have linked it's Morningstar report below. It had a great 1st Quarter with a total return of 15.83%. During the past 12 months it has paid out about $0.87 per share resulting in a TTM …
I get my convertible security exposure through FISCX which is held in my hybrid income sleeve of my portfolio. Some other members on the board also own this fund. Through the years it has done me well as its 10Yr total return has averaged better t…
@DavidV: Thank you for your question about my all weather asset allocation.
My all weather asset allocation of 20% cash, 40% income and 40% equity affords me everything necessary to meet my needs now being in the distribution phase of investing. T…
Hi @jstr. Thanks for making comment on the subject of yield curve inversion. I find your comments and reference sources very interesting.
My question for you ... Still, as far as wonky market signals go, the inverted yield curve is a fairly omin…
Hi @Derf: Thanks for your question.
In doing the look back you requested I am finding, thus far, I am down from my opening 4th quarter valuation by 1.2%; but, up from 4th quarter closing valuation by 8.2% (as reported).
As you may recall it was d…
My six picks that have made it to the elite eight are Duke, Michigan St, Gonzaga, Virginia, Purdue and Kentucky. The two that failed to make it were North Carolina and Michigan. My final four picks are Duke, Gonzaga, Virginia and Kentucky. I have…
Here is an update for Old_Skeet's market barometer (which follows the S&P 500 Index) for the week ending March 29, 2019.
Being a retail investor this information is being posted for information purposes only. It simply reflects what I am seein…
Hi @johnN: Following your request the link below will take you to my market barometer reporting for the month of March. This month I have been providing a weekly update. The next update is scheduled for this coming weekend.
https://www.mutualfun…
@Old_Joe, Thanks for again making comment about the above yield curve article inversion.
I read Jeffrey Saut's commetary of Raymond James more so than Ms. Sonders of Charles Schwab; although, I think both of them offer up good investing wisdom.
L…
Old_Skeet is not, at this time, cutting my equity allocation as I recently went to an all weather asset allocation model of 20% cash, 40% income and 40% equity a few months prior to the yeild curve inverting. My rebalance threshold is + (or -) 2% f…
At age 71, my rule is to take no more (in dollars) than one half of what my five year average total return has been. I governed both of my late parents money this way and found that their principal grew over time. Of course, one needs an ample poo…
No doubt the 737Max has problems. Let's hope they are fixable ... and, in short order. I'm also thinking the plane needs to go through a recertification process and not just a we fixed the problem process. Even if our FAA gives it air worthy cert…
Again, @Ted, thanks for these daily market briefings. I find good value in both the morning and afternoon market recaps. This saves me a great deal of time and engery from having to scan the net for the information you post in a one stop venue.
A…
There is a poster that frequents the board and makes one to two liner comments which from my perspective they seem unwilling to engage others in a cordial and friendly manner. This bothers me much like what exist with the spat that now exists betwe…
@JoJo26: From my perspective you never really answered my question I asked on you in an earlier engagement as your answer(s) seemed only to partially address my question.
Old_Skeet said:
Hi @JoJo26: Now that I steped forward and responded to your …
Hi @hank. There are a lot of perspectives and thoughts on this subject. I'll bet most small business people know their daily sales activity. So, why should an investor not know their daily activity? Just a thought to ponder. For me, investing i…
I never knew of a business owner that stayed in business long unless they gave attention to detail and kept their shop open for business. Therefore, I treat my investing endeavors as a bussiness; and, with this, I check my portfolio daily after mar…
@Derf: FWIW ... In continuning to comment on your questions.
For me to get exicted about stocks (in the near term) I'm thinking it will take a five percent pullback in the S&P500 Index from the current level of 2800 to about 2660 before Old_S…
My question: Is what amount of road use tax does the hybrid and electric vehicle owners pay? And, bicycles are now becoming a popular means of travel on many of the streets where I live with special bicylcle lanes now being incorporated into the ro…
Hi @Derf: Thanks for your question(s).
Q1: Recently, I have been buying fixed income and building cash while I have been reconfiguring my portfolio. Now, I'll mostly likely will just build cash as it is generating good income with an average yie…
