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.
Bought some junk today (LBNDX) ... adding to my current position.
And, added to my bank loan (floating rate) fund (GIFAX) yesterday.
This increases my income sleeve form about 8% of my overall portfolio to about 10%.
Old_Skeet
Hi @MJG,
Thanks for posting your forecast of six percent average annual gain for stocks over the next ten years. Wonder what bonds are going to do? And, then there is cash?
Here is my thinking ... Like you say, I'll use six per cent for stocks, …
Hi back to @linter and others,
I guess, what I should have written is that I'd like to see a couple of the other timers (I track) confirm my own greenlight. I do think that we will see a fall rally of sorts but not to all time new highs. And, as …
Hi @linter,
I thinking I did the right thing in selling some of my equities off and raising my cash allocation in this recent downdraft which has lead to a correcting in some assets. If equites restart and make an upward fall run then I plan to se…
Crash ... you might find your answer by checking the effective duration, effective matuity and weighted cupon for each fund. I am thinking the high yield fund is going to have a shorter duration and maturity over your core-plus fund. Not certain t…
@Sven
In going head to head Katleen Gaffney (EVBAX) vs. Dan Fuss (NEFZX) here are my findings for total return ... EVBAX ytd -13.79% and for 2014, 4.69% ... NEFZX ytd -7.62% and for 2014, 5.65%. Seems as though the additional risk Ms. Gaffney (EVB…
I sold Ms. Gaffney's fund (EVBAX) a good while back; but, I still own her old boss's (Dan Fuss) fund (NEFZX). Both these funds follow a similar path with her fund (I think) now positioned more aggressively than his. If I were to repurchase this fu…
Hi Bitzer, I took a position in EVBAX too ... but, cut it loose about a year ago as it began to falter. Glad I did because it was much like NEFZX, which I still own, and is having a tough time this year.
Some good reading was found in this months newsletter. I enjoyed reading what Leuthold's perspectives were along with what Vulcan Value Partners had to say about small caps. Plus I found the blurb on utility funds informative.
Skeet
Here are a few bullet points from the newsletter.
"Our current Model Stock Portfolio bears many resemblances to the one from a year ago since I still believe that several of its basic premises remain valid. These are
-International stocks remain…
Hi @Catch22,
My best to you Catch, I hope you are feeling better soon. Sometimes the common headcold can indeed get the best of even the younger folks and is nothing for us seniors to take lightly.
Although I keep an ample amount of cash on hand …
Still with my program in building my cash allocation.
I am thinking capital gain distributions on my equity funds will be on the high side this year and that in of itself could raise my cash allocation by a couple of percent plus income distribut…
Hi @Willmatt72
As a small part of my portfolio I own two infrastructure funds TOLLX and PGUAX. At this time, I keeping both and will add to them over time.
@PRESSmUP,
That is a great point about Boehner and one I did not mention. Should the Federal Government shut down, as it has done in the past with no budget plan, then the markets have also followed a downward path. Indeed not good for the market…
Hello:
As a retail investor, I have sold equities down, in this recent market decline, and raised cash towards its upper limit within my asset allocation. With Third Quarter Earning Season beginning on Oct 8th I am, in short words, not encouraged.…
Hi @VF,
I hold BWLAX and was thinking about revisiting and reviewing this myself. Since, I use a sleeve management system and BWLAX is one of six funds held within the sleeve then should it falter I have the other five funds within the sleeve that…
From what I have been reading and hearing ... The use of borrowed capital (leverage) by big money is a contributing factor to the higher than normal stock market valuations we have had and currently have. Over the past couple of months stock market…
@Junkster,
I wish you a very enjoyable fall as you hike the mountains and explore.
During part of October, I will be prospecting for meteorites. Through the years I have several that I have found with one weighing about twelve pounds.
You migh…
Thanks to those that stopped by especially those that made comments. This is one of the things that I enjoy most about this board is the discovery of what others are thinking. Please note, I am not selling out of my equity and bond positions I am…
This post follows my earlier post under this thread ... so, you might wish to read them to better understand this one.
I have been pondering what to do, as a retail investor, if anything regarding some distribution funds that I hold within my portf…
Hello,
It's been about two weeks since I made comment under this thread.
As a retail investor, I am still pondering what to do in this market, if anything. From my research, I am finding that the markert remians fully to overvalued ... and, eve…
@Old_Joe,
My concern is that our central bank has held interest rates so low for so long that nobody wants to consider what this has done to the average saver who drew interest from their savings and cd's. As an investor, part of my asset allocati…
Folks,
If a quarter of a point increase is going to cause major concerns in our economy and financial markets ... Well, things are truly in bad shape. We are considered leaders in the global economy; and, an increase in interest rates might encour…
Hi VF,
I think a strong dollar will be headwinds for us stateside investors who are invested in emerging markets. As of my last Intsant Xray analysis I have about five percent of my equity allocation in emerging markets. I will need to see some u…
Here is what this rat would bo.
I'd like to know a little about the investor's risk tolerance; but, since that is not noted ... I'd take the conserative route.
To keep things simple let's say the investor's tolerance for risk called (when fully in…
Hi Art,
As of my last instant Xray analysis ... I have about a five percent weighting to emerging markets. The two emerging markets funds that I currently own are THDAX & NEWFX; and, as of 09/08/2015 market close both funds are about 20% below…
Thanks msf for develing into this in good depth.
Just another reason, I have chosen to say away from a roth at this stage of my life now being age 67. As you explained some of its complexity it seems extremely complicated for most of us to have …
Hi @JimmyfromSunPrairie,
Thanks for stopping by.
In short answer, I am thinking that the five year rule is going to apply to both. Here is a link to information that will explain this.
https://www.kitces.com/blog/understanding-the-two-5-year-r…
Hi @davidmoran,
A couple of the funds I have own since I started investing back when I was a teenager. These two are FKINX & AMECX, let's see I am sixty seven now. Then there are others that I have owned for more than ten years. As yes, I do…
Hi bee,
I usually discard faltering funds myself for others I think are a better fit for the sleeve. Sometimes though, I'd like to have had some of my discards back (one being NEFJX).
Hi msf,
No you read me correctly.
I have my system worked out that I feel is a good fit for me and I plan to follow it. The roth would just create another account for me to manage at age 67. Don't need nor do I want another account.
As for my s…
For those that have a number of accounts along with a good number of mutual funds I formulated a sleeve management system that has helped me greatly. It might also provide you with some ideas that you can incorporate in something you might choose t…
What you say is true ... but, I decided to put it in my taxable account because I am now retired; and, I have no earned income. I believe, I have to have earned income to make roth contributions?
Folks this has been a good discussion with some pointing out why they elected to do the conversion from a traditional ira to a roth. Even when the tax gets spead over four years ... as msf pointed out ... it can still come to a big amount of tax du…
Hi @Old_Joe,
Don't confuse cash "amount" invested with cost basis.
The link below does a good job in explaning the difference.
https://schwabpt.com/downloads/docs/pdflibrary/spt011260.pdf
I’ve got to tell this one on my engineer buddy who was one of my high school class mates and a best friend (even today).
He decided to convert a good bit of his traditional ira account after doing a 401k rollover into it. He did not give good thou…
@msf
Thanks msf for your comment. I'll give it consideration. My portfolio was born and grown, for the most part except for my 401k, profit sharing and health savings account, with A share development through the past forty years, or so; and, as …
In answer to the question ...
Absoutely not.
Comment ...
By my thinking IRA conversions were just a creative way for the government to advance and to increase the tax revenue stream. Now, let's see if Congress at some point down the road will …
