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.
First, I want everyone to know all comments made on threads I open are most welcome.
Second, I’d like to address the passive stance that another poster has taken and comment further on an adaptive investment strategy that I follow. In order to hav…
Hi @Art,
I think you might have me confused with someone else. I don't ever recall owning MSFBX. Perhaps, if you search the ticker symbol you can find which thread that it was discussed. Sorry, not me.
Skeet
Thanks @Ted for posting the year-to-date performance for the S&P 500 sectors.
It will be intesting to see how the year progresses and those sectors now leading will finish the year.
I am thinking energy, materials and industrials (said by so…
Thanks @Ted, for posting Fidelity's latest sector rankings and outlook. I found the link to be beneficial.
One of the things I have done is that I strive to maintain certain sector allocations within my portfolio. In the minor sectors of material…
Two funds that I have in my domestic equity sleeve found in the growth and income area of my portfolio that I favor are FDSAX and SVAAX.
I have linked the Morningstar reports for these funds below along with their fact sheets.
http://www.morningst…
@my2cents,
Thank you for your question.
A short answer. I am one that likes to help folks find their own answers to their question over giving answers. However, in my review of VBIAX I found that it is a gold rated five star fund by Morningsta…
Hi @MikeM,
The robo advisor's (60/40 mix) portfolio being up about 5.5% is pretty darn good ... infact great. I've got one hybrid fund (60/40 mix) that is giving those results a run and that is HWIAX which is up about 6.1% ytd. What kind if yield…
@shipwreckedandalone,
Nice work on your closed end funds. I use to dabble in them some years back; but, not anymore. I'd be interested in knowing how you continue to fair with them. I'd buy at good discounts and when they narrowed I'd sell colle…
An update ... @Junkster
Through April 22 according to Morningstar Portfolio Manager my three best performing funds year-to-date are FDSAX (+8.9%) ... PGUAX (+8.9%) & PMDAX (+7.8%). My three worst performers ytd are SPECX (-3.3%) ... THOAX (-2.…
Hi @ Junkster,
Sorry I missed your above question. Thanks for the query to my mailbox.
The year-to-date investment return reported above comes from Morningstar portfolio manager. I believe, it excludes the cash that I hold as a separate asset ev…
In checking several of my moderate allocation fund's asset allocations I have noticed a reduction in their exposure to equities. One fund that I monitor closely is American Balanced Fund (ABALX). Not to long ago an Instant Xray analysis of this fu…
My income sleeve is up ytd about 2.75% which consist of six funds (GIFAX, LALDX, LBNDX, NEFZX, THIFX & TSIAX) and my hybrid income sleeve also consisting of six funds (CAPAX, CTFAX, FKINX, ISFAX, JNBAX & PGBAX) is up about 3.25%. Currently,…
Hi @rono,
Thanks for the update.
Although I don't dabble in this spce I enjoy reading about those investors that come forward and write about what they are doing and what has been working for them.
Old_Skeet
Hi @expatsp,
Interesting question and one that I have explored myself in looking for an answer. I am not sure my findings will fully answerer your question but I'll share my discovery. To begin, I looked at what an index bond fund's weighted pric…
This market has a lot of folks baffled.
Me for one as it seems to ignore bad news and the high multiples that stocks, in general, are selling for.
From my thinking, I rate this market a hold thus staying within my asset allocation due to its val…
Hi @TSP_Transfer,
Thanks for making comment and posting the March 2016 OTCRX Fact Sheet. Since the fact sheet and my reference sources seem to be in conflict about the reading for the S&P 500's trailing price to earnings ratio (TTM P/E Ratio) …
Hi @Ted,
Thanks for making comment.
Yes, the bar is set low for projected 1Q2016 earnings reporting. One of my reference sources is calling for reported earnings (TTM) to come in somewhere around $89.00 and change. This is down from a year ago f…
Being expensive as stocks are today, with as reported earnings at a TTM P/E Ratio of 23.8 (as reported in the WSJ), for the S&P 500 Index; I will be a seller into any major rally above a reading of 2075. Just recently I trimmed my equity alloca…
Hi @hank,
Thank you for the inquiry.
I have my portfolio along with each sleeve and investment area set up in Morning's portfolio manager. With this, it is easy for me to view daily performance along with weekly, monthly, year-to-date and rolling…
It was indeed a good month for Old_Skeet as my well diversified income area, which amounts to about thirty percent of my portfolio, gained 3.6%. I have been thinking of adding a home state muni bond fund within its income mix; but, double tax free …
Hi @David_Snowball,
Thank you for posting your thinking.
I, too along wth some others, am of the posture that stocks in general are richly priced. With this, I am thinking stocks will go soft as we approach and move through summer. Hopefully, …
I use a timing model found within my portfolio itself that keys me when to load value over growth and when to switch and to load growth. I only do this with a small amount of the portfolio due to the many strategies that I may have engaged from tim…
I use LPEFX to gain exposure to private equity; and, I hold this fund in the specialty / theme sleeve found in growth area of my portfolio. My historical annualized return since I purchased the fund in September of 2011 has been about 12.50% and m…
Hi @bee,
Sorry for the delay in answering your question as I have been away from the board most of the day working on my wife's 'special' assignment she had for me.
Thank you for your question. I don’t mind making comment again on how I govern wi…
Hi @MikeW,
Thank you for your question.
My current allocation to equities ranges between a low of 45% to a high of 55% with the target weighting set at 50%. I was at about a 53% weighting when I started to trim based upon elevated equity valuatio…
If ones sells into strength then they are not a contributor to exasperating downward market movement. Even after review of the above technical chart, that bee has provided, I am still with my thoughts to reduce my equity allocation within my portfo…
I think that it is worth pointing out that once the sales load is paid an investor has the right to do net asset value (nav) exchanges from one A share fund to another A share fund. Also, it is my understanding, the sales loads are much less on the…
Hello,
In my study of the markets, I am finding that the S&P 500 Index is selling at a TTM P/E Ratio of 23.6 which according to the Rule of Twenty indicates that the Index is well overbought and overvalued. I am thinking that unless earnings s…
Hi @bee,
I had to look up your useage of plethora-folio. For those interested I am posting my current portfolio along with blurb that explains my sleeve system.
Old_Skeets Sleeve Management System …
Here is some of Old_Skeet's thoughts.
Q 1) I believe the rally will top out after it reaches a new 52 week high before year end. Since, the S&P 500 Index is currently selling on a TTM P/E Ratio of 23 stocks are not cheap and richly priced base…
Good evening all,
An interesting subject: "Cash Is Now A Sin."
Even though I think of myself as a good Christian according to this article I am a big sinner by holding such a sizeable cash position within my portfolio.
In review of a few recent …
Hi @hank and others:
In addressing the title of this post ... This Bull Market Gets No Respect ... herein might be why.
As most of you know I am a student of the markets and follow them fairly closely for a retail investor. In tracking the P/E ra…
Hi and good morning @JohnN,
Boy, you must have been in a hurry this morning or tripping out from too much coffee as you left the link off and instead of typing Tom Madell you typed Johnny Maddell.
Ted beat me to providing the link to the newslette…
Hi @DavidV,
Thank you for your question.
I do care about portfolio allocation in each account that makes up the master portfolio that I have detailed above. Naturally, the asset allocation does varry from account-to-account along with the holdi…
I owned CGMFX at one time and sold it many years ago. It seems, form review of Morningstar's Performance Report the few making good money, over an extended period of time, were Natixis and Heebner. I bought this fund as a spiff and made money.
I usually rebalance the major areas (cash, bonds, stocks & other assets) of my portfolio when one of them gets to be plus or minus five percent form it's target with the exception being cash.
Example. My current target allocation to equities i…
Hi @hawleyl,
My thinking follows.
Since, you are deriving income (and both have a value measured in dollars) it is my thinking they should be part of your overall portfolio's asset allocation ... but, your whole life insurance policy should be sho…
