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.
This large cap value fund outpaced the S&P 500 Value Index over the last 10 years (5.78% annualized vs. 5.01%) as well as over the past fifteen years (9.56% vs. 8.51%), 5 years (16.72% vs. 14.01%), 3 years (8.83% vs. 7.98%) and 1 year (25.45% vs…
This is going to be a hit or miss post, since I've been out and about traveling and won't be caught up for some time. Some offhand thoughts:
"If Bengen 'concluded that a 4% drawdown rate resulted in certain survival', he was wrong" and "The artic…
"My goal was not to tout Mr. Bengen, but much more importantly, to encourage you Guys to try a powerful Monte Carlo simulation for planning purposes."
To that end, you cited one of the most well known papers on retirement planning as evidence of ho…
" A fellow named Bill Bengen initially used that [Monte Carlo] calculation discipline when he concluded that a 4% annual drawdown rate resulted in high portfolio survival odds for an extended retirement period."
Not exactly. He concluded that a 4…
@BobC - NEARX seems to have reduced its Ill. holdings, but the state is still in the top 5. I recall your writing that you were comfortable with the Ill. risk but would be keeping an eye on the fund. Are you still comfortable with how the fund i…
Funds often have multiple share classes designed with additional fees to be sold NTF.
T. Rowe Price has "advisor class" shares, e.g. PAVLX (the 12b-1 version of TRVLX). Years ago I purchased $5K of an advisor class fund (costing me an extra $12…
Actually the US Supreme Court sustained the ruling. That lower court ruling had already ruled that the statute, 15 USC 1052(a) violated the constitution.
https://www.law.cornell.edu/uscode/text/15/1052
BTW, the last tweak to that statute was i…
Interval funds are nothing new - they've been around for decades, but they seem to have reached more widespread awareness (including the relatively new term "interval funds") in the past few years.
Here's a page from CEFadvisors.com, with no date, …
I wrote that a president can decide to pursue or not pursue an antitrust case based on personal feelings. Documentation? How about Bush dropping Clinton's antitrust suit against Microsoft?
Is Bush a Microsoft Kind of Guy? (Wired)Bush praised the …
" Over the last 10 years PRFSX has finished positive every year."
The prospectus is dated November 29, 2016 so it does not include last year's -0.30% performance.
As I've written, a fund like this is a good suggestion for a moderate (6 mo - 2 year…
Whoa! The author noted that Mortgage Backed Securities funds can be as volatile as gold funds........ya, ok; dude, you're on my list of smart folks. Perhaps I misread the article about this. Please correct me on this, as needed.
I just alluded to th…
With a 2-year time horizon I would go with Pimco Income and if you have $25,000 to invest, I would open a Brokerage Account at Vanguard to purchase institutional shares (PIMIX). There is a 34 basis point difference in the expense ratio between PONDX…
It would be instructive to look at multiple data points, i.e. other time frames in addition to that one recent bond market blip.
A fundamental analysis of the funds listed would highlight the fact that they tend to hold junk and thus track equities…
Can you substantiate what policies are in place by this administration, period? That aside, there's a fair amount of discretion in what actions, including antitrust actions, the government chooses to pursue.
The actions themselves need to have…
Was responding to BenWP's assertion; get a grip.
Was not I re PRFSX either.
Sorry, race conditions in posts, especially when one takes time to compose them. Hard to tell what a given post is responding to without context. Many bond funds had d…
"Sure, except for its nontrivial dip starting last November which took till mid-Feb to recover from!"
This differs from PRFSX how? My point was that if one wants to use a short term muni fund, there are other options out there that can help justi…
It would depend on how hard and fast that end of year date is. If you must pull money out then, I would follow hank's suggestion and bunt. However, I'd use cash, not bonds. For example, GSBank currently yields 1.20%, while PRFSX has an SEC yield …
"we started at 25, and have obviously benefited from perhaps the greatest bull market we will see in our lifetimes."
Might well be. It's already the second longest (in case you measure greatness by age), and as of March is closing in on the second…
My reaction was similar, though not as harsh.
This is just a repackaging of Fidelity's managed payout funds, though you can't tell the players without a scorecard. Fidelity's original managed payout funds were designed as "pseudo annuities" th…
From the Reuters article cited in the column:
"FINRA responded with a letter on June 15 of last year saying that it closely oversees firms 'to determine whether they present a heightened risk to investors.'”
Oh we're not a regulator enforcer, we'r…
Agree completely w/BobC. Cramer has short term entertainment value.
The first time I saw Suze was years ago at some broker-sponsored event. The other speakers were solid and informative. I was left wondering who this Suze was and why they wo…
You pay tax on all dividends for the year they're distributed. Some of those dividends are ordinary income, some are long term gains. Whatever they are, you pay taxes when you receive them - as you wrote, regardless of whether you take them in c…
Morningstar's pages have a tab called "tax", which shows you the "tax cost ratio". For example, here's FCNTX 's tax page:
http://performance.morningstar.com/fund/tax-analysis.action?t=FCNTX
This calculation is but one way of representing tax eff…
Funds in Registration seems to suggest that CBOE Vest S&P 500® Dividend Aristocrats Target Income Fund will only offer load shares (it talks about A shares).
As with other CBOE Vest funds, there will be four classes offered. The SEC filing c…
It doesn't matter whether you take:
$5K x equity growth + $5K x bond growth, or
($10K x equity growth + $10K x bond growth) x 1/2
Same result. Multiplication is distributive over addition.
You seem to be missing the overwhelming significance o…
I suspect your math is a bit skewed. Just a hunch on the figures you used:
VWINX average return over life (since 7/1/1970): 9.81%
FCNTX average return over life (since 5/17/1967): 12.39%
FBNDX average return over life (since 8/6/1971): 6.94%
To …
AFAIK, nothing will happen to JSCVX or JNPSX (two different share classes of the same fund), except that Perkins Small Cap Value Fund will have "Janus Henderson" in its name:
"each Fund’s name will change to reflect “Janus Henderson” as part of the…
@msf
Not trying to talk you out of any purchase... One other thing to consider is cost to insure. Having previously worked for USAA, it would sometimes be EXTREMELY difficult for repair facilities to locate manufacturer replacement parts on Europ…
To each his own. Best car I ever owned was also a Toyota - an MR2 that I drove for almost 200K miles.
Would love to consider a Miata, but that's even more impractical (no spare, no front trunk, no glove compartment), and I am now living where …
There are a variety of reasons why I don't look at used cars. As noted in the article, most cars with high discounts are not great cars to begin with. Take a look at a list of most highly discounted used cars; not one that's appealing. (The Fia…
On a tangential note, I've started researching cars (after 15 years, and needing a clutch job, it's about time). It's time for a little indulgence, so I've focused on three cars, all German: A3 (base model), 230i xDrive, and VW GTI DSG SE (sunroof…
MJG may be like the permabears he describes. If one hits all the bears and many bulls as well, one will cut one's losses during market slides as he described. That doesn't mean one can time the market.
Taken to the extreme, just keep most of…
Someone smart once said that the goal of investing is to pay as much taxes as possible (the reason will come to you).
So you should live on a coast where you have the opportunity to pay more taxes on your investment earnings? :-)
Okay, I can see …
Interesting idea, albeit with a biased presentation.
The article says "Sure, a couple of funds will ...rise above the benchmark, but for most the result will be far less than the average. "
The average of the losers will be less than market pe…
I wouldn't know about Mantle pitching or not, though the few times I've seen a fielder put in to pitch seems to have been as a lark - team way behind and pitching staff needing some rest.
@carew388, I really like your handle.
"[Bobby] Murcer was h…
"While many assume that the reason for banning these substances is purely because of the competitive advantage they can give one over another athlete, that is simply not the case. Indeed, were steroids not harmful it is likely that every athlete wou…
FWIW, the number three holding according to Bloomberg is Sberbank.
The fund began just three years ago, Jan 1, 2014. The inception date reported by Bloomberg appears to be the "strategy" inception date of Jan 1, 1990 (also reported on the fact sh…
@AndyJ - Thanks for the comment. I agree that Consuelo does a good job on these programs and I do catch them from time to time. Guess I just caught a bad moment this week.
