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PCI is still retains a discount although. Narrower than in the past.
Separate question: Do folks regard PONDX/PIMX/PONAX as a core holding or a high yieldly satellite? Just curious what folks like @junkster, @davidsnowball, @mikem, @oldskeet think?…
CWGFX has a sister fund that is world allocation. CAIBX is available likely available NL, NTF at Fidelity. Now it is at 22% bond which is fairly low. About 50/50 US/Int equity with heavy focus on dividends, hence name Capital Income Builder. America…
WM76 and JoJo are right on the money. Just today there is an article on M* by Christine Benz mentioning that HY bonds and EM equities are two areas that benefit from active managers.
FWIW it have 10% of my net worth in PCI/PDI (49yo) and my mother's account has 13% in PONDX/PIMIX(retiree). A vote of confidence in the PIMCO team. Both tax deferred IRA accounts although she is taking RMDs.
The funds mentioned will likely kick of…
I like the idea of looking out TWO generations. That puts a different slant on things ie. taking more equity risk over a really long time horizon. Overall folks do not seem to be adverse to the 50/50 portfolio as kind of a generic AA. It all depends…
Since you have multiple income streams doesn't that mean you could be MORE aggressive in your portfolio since living expenses are covered? No wait...I see... you don't NEED to take more risk since you have already "won" the retirement game and expen…
I liked the article and @MikeM's summary but I have a question that @Bee alluded to:
Does everyone here believe a 50/50 stock/ bond Asset Allocation is to conservative for retirement? That is what Mr Fabian noted in the article. Several Target Dat…
Seafarer G&I keeps coming up but it is closed to new investors. Same with Institutional shares. I just checked the website and talked to a rep. @DavidSnowball do any of the Matthews funds like Growth and Income or Dividend come close to your par…
@Old_Skeet I have 10% devoted to EM through sfgix and Mathews Asia Growth and Income. I have 10% devoted to SC/Midcap mostly through TSP S fund. Not going to make big changes. I just might start adding more to scv and em outside of work accounts (ir…
SC value and EM are in the top 3, 16/20 years. Not a surprise but that pattern has me wondering if I should boost my allocations to those two areas. I can get neither directly in my Federal TSP at work.
This might be a duh question. Junkster do you use HY fixed income as stock/equity proxies? Do you have a fixed amount in in HY? Do you balance it with other plain vanilla bonds or bond funds? If you have a thread with a thumbnail I would love to rea…
USAA as a bank and insurer has been AMAZING for 20yrears. In 1996 they screwed up my car coverage and I was without insurance for several months. When I recognized the problem and called them THEY reviewed the call transcripts and backdated the cove…
DM,
Thanks for the note. The advisor's fees start at 1.00%-0.5% per year so that is a bit more expensive than VG. VG and some of the ROBOs charge 0.25% or less so his prices would give me pause. I am not sure if she would qualify for the lower rat…
Edmond,
Thanks very much. Sweet analysis. Especially #3 and your conclusion/personal status. This question was not for me per se but for my 76yo widowed mother. A financial adviser was suggesting going up on equities. He is sniffing around for busi…
They have had some outstanding in investors working for them since before WW2 if I am not mistaken. They are held in high regard by Jack Bogle and Charles Ellis and they were the incubator for the Primecap Group and Poplar Fund. Probably others that…
David,
Thank you and good morning. The new format looks great. Can you translate what appears to be Gaelic at the end of your first letters? I am having trouble with my Chrome Book paste function. Best, Mike
Interesting points all. Thanks. Of note I am not really worrying about performance since both are actively managed and will be out of step with indexes and each other.
OT but related to Seafarer. How many people are trading or have in the past moved out some or all of Matthews Asia Growth and Income to Seafarer G&I? I currently have 1/3 Seafarer and 2/3 Matthews and wonder if making a move now (to 2/3 Seafarer…
It makes me feel that those who are on target to hit 1million or more dollars for retirement are going to be severely penalized with taxes and less in SS benefits. The politicians will have cover to do this since the majority of their constituents …
