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.
Good morning,
Folks, I am an average retail investor now retired from the full time working world with a degree in economics a long with being a former corporate credit manaer of a sizeable distribution company located in the Carolinas. I have als…
Hi @Catch22,
As I write, looks like the S&P 500 futures are trending upward. A good thing by my thinking.
Hi @Derf,
I agree in a rising interest rate environment creates some unwanted things in the equity markets. Perhaps, the fed will move…
Hi TSP_Transfer and others,
Yep... it sure seems this way (things starting to get out of hand).
I'd say the current selling is feeding upon itself as some investors are selling because others are. I thinking th flash crowd and program trading i…
@Sven, Thanks for stopping by and making comment. Heck, I have been rebalancing and reducing my allocation in stocks since 2014 and raising cash as equities became overbouht by my thinking. I am also thinking it wise to have some cash on the sideli…
@VintageFreak, Thanks for stopping by and making comment. I'm thinking thereabout covers 2142. Not saying this will come about soon but I do think we will see at least 2140 before yearend. And, I am not loading equities on the come that it does a…
Good morning,
Not much has changed from yesterday ... so I extended the title line to include day seven.
In checking the S&P 500 futures this morning I am seeing green along with Greater Europe also being in the green; however, Greater Asia is…
Old_Skeet holdings in cash equals about 25% of my asset allocation accorning to Morningstar's Instant Xray. I started raising my allocation to cash a few years ago as I felt stocks were becoming to expensive to keep buying more of them. With this …
Good morning ...
Since, earning season begins on Monday with Alcoa reporting after market close I thought I'd move this post forward and update the post. With Friday market close I have the S&P 500 Index down year-to-date about 6.0% and off it…
@TSP_Transfer, @willmatt72 and others,
TPS, thanks for posting the information on projected earnings for 2016 & 2017.
After reading your post, I revisited and reviewed some source information on reported earnings for the S&P 500 Index alon…
@Junkster,
Thanks for making post of this information. Even though I beat the average for my area of the country with a loss of about 2.2% I am not thrilled with my results. In review of S&P's as reported earnings for the the fourth quarter o…
Hi Crash,
I have been experiencing some issues with ticker symbols in the Instant Xray Analysis also. Tickers that I know are good tickers seem inot to be found.
Hi @little5bee,
I thinking ... we will need good corporate earnings reporting during 2016 to generate a good substainable stock market rally. If I were to decide to lighten up in equities I'd much rather sell in an up day than a down day (selling …
hi @willmatt72,
I have not yet done any buying in the recent market pullback. Currently, my equity allocation is at a neutral position (50%) within a range of 45% to 55%. If I had been more prudent and lowered my allocation in equities towards it…
Hi @Catch22,
Nice to see that you have been posting again.
Did @Ted ever reply to you about how much cash, percent wise, he holds within his portfolio?
I was wondering about this too.
Take care.
Old_Skeet
I sold ODMAX a while back and moved the proceeds into THDAX. Most all emerging market funds have suffered, of late, including one of my larger holdings in the growth area of my portfolio NEWFX. I also held and sold PASAX a while back because it wa…
Hi @hank,
One of the reasons that I keep a large cash position is that it really sucks to be needing a little cash and having to sell securities in a down market to raise it. I found it best to have a cash accrual account where all dividends, capi…
Here is how I faired in 2015 according to Morningstar's Portfolio Manager. My three best funds were SPECX (+7.1%) ... AGTHX (+5.4%) ... & ANWPX (+5.3%). My three worst funds were THDAX (-15.3%) ... TOLLX (-14.4%) ... & PGUAX (-10.3%) My t…
@Puddnhead
I wondered about them myself too. Sometimes people just move on ... to never be heard from again. I hope this is not the case with these two @Scott and @JohnChisum. Perhaps they will make a post soon.
In checking their log and last v…
Hi willmatt72,
Sometimes some folks just don't comprehend ... I am with you on this and feel five funds is to few.
From my perspective, I believe it to be good wisdom to spread it among a good number of funds.
I have posted my sleeve system a go…
@DlphOracl,
Thanks for your clarification on my P/E comment. I took your comment under Item 6 ... risk reward, with upside being limited with greater downside being considerable ... to mean, without directly saying, that stocks were expensive. M…
@DlphcOracl,
Thanks for providing more detail on your take on the markets and your positioning. I too, believe stocks (S&P 500 Index) are expensive selling on as reported earnings at a P/E Ratio of 23. This is not to say they can't continue t…
This is pretty much the way I see 2016 too. This is why I have been moving towards raising my equity alocation in my foreign dividend paying equity and hybrid funds and reducing my allocation in my domestic equity and hybrid funds with the excepti…
Ted, nice article and I enjoyed its reading.
I currently own only one fund that Morningstar classifies as a tactical fund and that is BAICX. However, I have a couple of others that are "fund of funds" and they adjust their allocations somewhat b…
Hi @DiphcOracl,
Just wondering what your asset allocaton might be? How much (percent) in cash, bonds and stocks are you holding? I been selling more than I have been buying for the past two years ... raising my allocation to cash by about five pe…
Hi @BenWP,
From time-to-time funds falter (sometimes even the best). This is one reason that I use a sleeve system which holds multiple funds (usually three to six); and, in this way, when one of the funds falters within the sleeve then there are …
It is good to read about a fund that I hold in the large/mid cap sleeve found in the growth area of my portfolio and one that I have owned for a good number of years. In fact, it has been one of the top producers found not only within its sleeve wh…
It is good to read about one of the funds that I have owned for a good number of years and hold in my global growth sleeve along with five other funds. In fact, THOAX has been one of the better producers found in the whole growth area of the portfo…
Hi @ slick,
Not doing much except following my target allocations and occasionaly making some adjusts inside a sleeve but keeping the portfolio's area allocations (cash, bonds, stocks) close to their targets. Currently, my portfolio bubbles as of …
Regardless of how the distribution is sliced and diced the drop in nav is due mainly to the distribution in the amount of $0.24752 as stated in an above post. This effects the funds nav pricing and a decline in nav valuation but it does not effect …
Hi @heezsafe,
Thanks for stopping by and making comment.
In this bull market run I have been trimming both my bond allocation (due to rising interest rates) and equity allocation (due to valuation) over the past couple years raising cash for some…
For information purposes my two infrastructure funds PGUAX (up 2.54%) and TOLLX (up 2.49%) are the two best performers within my portfolio for the past week and placing third, in the show position, was my world stock fund pick DEQAX (up 2.38%). My …
An interesting article that comments in some detail about Franklin Income which is Old_Skeet's largest holding, other than cash, as it accounts for about six percent of my overall portfolio and a fund I have owned since the 60's. Considering the di…
@Puddnhead ...
In a sense I have been selling of late becasue I've taken most all of my capital gain distributions in cash. In doing this, by my thinking, has lowered my allocation to stocks by a couple of perentage points. I want know for certa…
Hi again ... and, now back to you (@Puddnhead) ...
The fund picks that I listed above to play the respective strategies noted above in my post come from my choice of funds I currently own. Remember, I practice a win, place, show investment style w…
Hi @Puddnhead,
Thanks for stopping by and making comment along with the questions.
Please note, (a correction to your comment) the specialty sleeve accounts for about 15% of the growth area of my portfolio which also amounts to about five percent…
I hold two infrastructure funds in my specialty sleeve found in the growth area of my portfolio. They are PGUAX and TOLLX. In addition, I also hold a private equity fund in this sleeve, LPEFX. With this, my current specialty focus is in infrastru…
