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MikeM
I know you are not a fan of his, Mona (understatement :) )
Another Bills fan!!! Junkster just sent me a note saying the same. GO BILLS! They will be right down the road from me when training camp starts next week at St. John Fisher College. But tickets sold out in hours, so I won't be going. Are you from the area, Western NY?
Nice morning update @hank. I think the only significant green I saw yesterday was my gold and silver ETFs. Inflation hedges.
As far as bonds go, I know there are many here that don't feel any change is needed in their portfolio, but I've worked to …
Hi @hank. I've been using JHQAX as a 'alternative' equity options strategy. I'm very please so far. Nice steady-eddie trends. I don't know exactly how the strategies differ, but it has far out performed TAIL this year. Must be a lot of shorting in T…
Thanks for the reply @stillers. Most importantly, yes the Bills now have me very worried with NE starting to play consistently well. The Bills O-line was down 2 starters and they were the #1 reason for the loss against Jax. Allen was under siege on …
Thanks for the insight to your planning @bee.
And I like this one :)
...trying to own the very best funds and the very best fund managers.
... aren't we all? Problem in doing so is a new better fund and best manager shows up in cycles. They make …
FWIW, in my withdrawal account, which I haven't had to use yet, I hold RPHYX as the cornerstone, about 35% of the account, but other short/ultra-short deration ETFs I use are JPST, FLRN and MINT.
The goal of corporations over the last 20 or so years, increase profits for share holders. The result, destruction of the middle class and greater disparity between the haves and have nots.
Buying dips is easy. Catching a falling knife is difficult. Selling just before a dip is damn impossible . Hence why most studies show buy and hold works for most people.
I kind of think when people here say they bought the dip they are talking ab…
@crash, I don't want to pry, but I'm assuming your net is the same as your gross, meaning you are not being taxed on the SS income. That is what stillers is showing. Using your actual gross if different from net may be more accurate for calculating …
This article has little to do or say about medicare. It certainly doesn't say medicare is going to eat the SS increase you are getting. This is more about the affect all inflation has on low income people, specifically low income retired people and …
Thanks @sfnative. 5.9% is pretty nice.
from SS website:
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022, the Social Security Administration announced today.
Saying any of these funds should be used as "cash" positions is inaccurate, isn't it? Sounds more like a 'want' for income generating funds. Certainly not cash. Maybe you can stretch the term cash using ultra short bonds, but I wouldn't say any hold…
@Derf, interesting question. My self managed portfolio was green, +.03% :) whoohoo. My Schwab Intelligent Portfolio was -.1% for the 3rd quarter. Pretty much a wash...
I think if I stop the urge to gamble on individual stocks I probably would do be…
So I guess you would probably also bet straight up that BUF will beat HOU this weekend?
We Bills fans are always at the edge of our seats waiting for the next shoe to drop @stillers :) , but I'll take the straight up bet vs Houston and in a few week…
I had to look @carew388 because I own JHQAX in 2 accounts. I wasn't aware of the ETF, but it doesn't look from a trend chart that they are the same. The ETF, JEPI, appears much more volatile and actually is a little under JHQAX in return for year-to…
Good luck @Old_Joe. Interesting pick. I'm reading the drop today was due to some of the research houses moving their recommendations from buy to neutral. Who knows why other than the stock looks like it has had a steady trend up. May be time for a …
Agree @mark. When you carry that many funds, for every winner in a portfolio there are probably 5-10 mediocre to bad funds too. Just the rules of the game. Your portfolio is indexed at best.
@finder, with AKREX having a 4% turn over rate, what data do you see that the fund make-up has changed lately? Not saying you're wrong, but what are you looking at determine less financials and more tech? Could that just be that tech has out perform…
Old David and young JoJo, my 2 cents. I definitely agree that SS (and medicare) is one of the more efficiently run government programs. On the contrary, funding of that program is inadequate and has not kept up with the fact of increased life expec…
Googling definitions, China seems closer to a totalitarian state than a communist state but certainly shades of both.
What are the Important Characteristics of Communism
Abolition of Private Property.
Collective Ownership of Means of Production.
C…
Hi @Shostakovich. I moved some money to an options/equity hedge fund earlier this year, JHQAX. I don't think it fits the cash holding requirement you mentioned but it's strategy makes it much less volatile than a straight equity fund, FWIW.
I firs…
Thanks @hank. I see the current dip reflected in my broader-base commodity ETF, DBC. Agriculture is a smaller part of that basket. The longer term trend still looks pretty good though. I still see inflation being a longer term trend (no matter the p…
@davidsnowball and Chip, I hope you enjoy your Finger Lakes wine tasting experience. Living outside of Rochester, we have had many years of summer cottage rentals on the lakes and always toured the wineries. There are so many wineries now (100+) tha…
I’ve thought for awhile that commodities have gotten ahead of themselves.
The Fed was “out of character” yesterday in hinting at rising rates and their seeming recognition of greater inflation now than welcome.
Agree with both your statements @hank.…
A simple answer @Bobpa, with a $50,000 you will make up the $50 TF in about 9 months of owning the fund. All the time past that is extra money in your account.
The difference between expense ratios is 1.05% - 0.9% = 0.15%. The reduced exp ratio eq…
Absolutely @hank. Cash alternatives, as long as you are ok with the risks that short term bonds can lose money too. That is likely the case if inflation takes hold as predicted. BSV is a popular short term bond fund from Vanguard and last I look it …
Thanks @bee. It is a very interesting idea. If you are one of the people living past life expectancy your income increases over time and you essentially won the lottery, more-so every year you age. If you die early, well you're dead. Who cares. That…
I set up a separate account (tax deferred) for withdrawals. It has 3-4 years needed income. It contains low risk mutual funds and ETFs including 1 year of income in the Schwab MM. My plan is to keep replenishing it with my main IRA account in good …
@MikeM - Wow. What a coherent well written testimony to your faith in Schwab.
:) I don't think "faith" is a word I would use @hank, though you have to have some faith in any custodian of your money. But not blind faith, nah. Just saying they check…
Schwab is a great brokerage. And I'll continue to laud it. But as a fund house, it's far from top tier.
Precisely @msf. And I could not care less if Schwab mutual funds perform poor to mediocre. I don't use them in my portfolio. That's not why I cho…
@hank, @dsuttr, there is certainly a disconnect here as to if hank want's a Mutual Fund house or an On-line Brokerage that would deal with a super market of funds along with many banking options - or a company that has both. I assumed this post was …
Good luck with your decision @hank.
One small component to many but very big to me is a local brick and mortar presence. I definitely appreciate walking into my local Charles Schwab office and talking with my free-to-me advisor. Once or twice a ye…
@msf, thank you very much for your analysis. Always appreciated, but living until 100 to gain a$67k advantage in the game of life still doesn't seem significant to me. Yeah, $67k is a lot of money in today's dollars, but what does it mean 30 years f…
Inflation is the theme of this weeks Barrons. They state the biggest unknown the FED faces is if this is a short term spike of inflation or if it will be a longer trend that stays for a while. Million dollar question for the FED to get right. Right …
lost extra income over 30 years minus gained extra income over first three years =
30 years x 12mo/year x ($2112 - $1728) - $62,208 = $138,240 - $62,208 = $76,032.
@msf, This synopsis is a pretty straight forward, narrow view. But for everyone there…
