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.
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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?
I just made the switch from full to part time work. I'm 67. I've debated with myself for the past year (in fact the past few years) what to do, start SS or withdrawal from savings to make up the shortfall until 70. This post has actually helped me …
Thanks @Observant1. I don't think that was well explained last year when they moved the floor from 10% to 50%. I assumed that was a "permanent" change to the funds mandate. Being able to make a floor change like that, within 1 year, still doesn't m…
I've never heard of a fund company changing policy 2x in 1 year. Makes me question what management is doing. They probably should just create 2 funds, a conservative one with a 10% floor and a moderate one with with a 50% floor. Huge difference in h…
@Baseball_Fan, from the Rochester area. Our claim to cuisine fame is the Garbage Plate and white hots with 'hot sauce' (has to have hamburger in the sauce).
Hi @JD_co. I think there is plenty of room. I bought DBC a couple months ago so I'm up since that buy, but it's been trending up for about a year with the steepest up tick starting in Nov 2020. I believe it will be an up trend for a couple years to …
Not much of a dip to speak of yet so not interested in adding to equities at this point, but I have wanted to add to my commodity play DBC (Invesco DB Commodity Index Tracking Fund). Also started to buy MOO (VanEck Vectors Agribusiness) and CPER (Un…
Hi @hank. I assume the accumulative short and long positions in equity sum to -1%, but how can the bond/cash/other percentages be correct if it uses the 35 stock positions as a total of -1% ? Very confusing. Seems equity positions, regardless of bei…
One more factor I didn't see in this is if you are still working at 62 and beyond until "full" retirement age, you will be limited to around $18,000 per year in SS payments plus some formula to reduce further payment over that. So, you aren't bankin…
Not sure what Super Core Inflation means (I didn't read the article) but I've tried to set myself up for potential or maybe inevitable inflation over the next couple of years. As I look, I have about 12% of my self managed portfolio in inflation hed…
Hi @Crash. Just an FYI, Alibaba is not in the same business as Microsoft and not really comparable. It is more akin to Amazon, but maybe even bigger and more diverse. Because of Alibaba's growing wealth and social influence, the Chinese gov decided …
"...conservatively diversified portfolio...cash and cash alternatives are pegged at 12% of portfolio..."
I agree with the use of cash or cash alternatives in a portfolio @hank. My point was, and when I hear the term "dry powder", to me that means yo…
I don't think this idea of holding "dry-powder" is a winning proposition for most. It is obviously the ultimate market timing idea which in the long run is a losing proposition by most research. Lost potential.
I do agree with the articles cash re…
I decided in February to put a little weight in commodities. Chose a broad basket ETF for that bet, DBC. It's been up and down and I haven't made much on it yet, but I do think there is merit in owning for the next few years.
I've been holding some gold (IAU) since around Dec. 2018. Had about a 5% holding over most of that time until recently. I've been getting out slow (to slow maybe) the past couple months and putting that money into a broad basket commodity EFT, DBC (…
@Crash, you have it right. I've never known this fund to short by any significant percentage if at all. It is also my largest fund holding.
David's info would classify this as a market neutral fund which it certainly isn't. Per Schwab, the portfol…
@davidrmoran, MNWAX, a very conservative L/S fund. My expectations are 3-5% per year from it so that is why I'm referring to it as a bond alternative. Seems to have low correlation to equity and bonds. I first saw this in one of David's commentaries…
I like and use the philosophy of TR, but if you are in withdrawal stage or near to that, I highly recommend a safe "withdrawal bucket" or whatever you want to name it as a safe guard to selling low. I don't invest based on dividends or income but th…
For anyone who respects the conservative approach of Leuthold funds, LCR is another option to AOK. Less volume is a concern if you wanted to sell quickly, but results better than the iShares ETF. A bit more tactical than the straight balanced iShare…
Thanks @hank. I have a small amount of TIPS in my withdrawal bucket in the form of SCHP. The inflation hedges I read about are TIPS, commodities and gold. I have a bigger stake in gold in my over-all portfolio. I think broader based commodities will…
In another thread, "cecil" said old skeet wasn't going to post here anymore. So, guess his imaginary friend needs to post for him.
Very strange indeed.
Didn't the Fairholme fund start out with like 30%+ Berkshire Hathaway in it's portfolio? I think his claim to fame in the early days was partly due to riding Buffet's coattails. Not totally of course.
Although I certainly agree with Lewis's post, I must say this has gotten exhausting. I have learned to look closely at not only the category posted but the poster themselves. There are 1 or 2 or 3 that I will never click on again no matter what cate…
Great question @Crash. It seems to some, a countries moral standing is no competition next to generating perceived wealth. And even with that, people fool themselves or are swayed by their media source that one party generates more wealth benefit th…
From what I read, September is the worst month of the year for stocks. Maybe it's just the cycle. Heck, tech stocks were and still are greatly over valued.
I've reduced risk over the past few months and the recent dip doesn't surprise. Gone from 50…
CeicilJK... I was thinking about this, does anyone else know that old skeets real name is Cecil? I know he likes to speak in the 3rd party, but...
This from a post he gave after Ted's death.
Old_Skeet
December 2019 edited December 2019 Flag
Hi gu…
Like Lewis, I doubt he is gone for good. Ted used to use the same ploy to garner sympathy too. I never agreed with skeet's portfolio style but was always impressed with how he stuck to his process.
I don't get into the political discussions much a…
FWIW, I've tried to lesson my bond allocation. Right now Schwab's portfolio check-up shows my self managed portfolio is at 40/25/14/20 (equity/bonds/cash/other). That "other" category is what I've been growing the last few months in lieu of bonds an…
Hmmm OS, why are those darn black people so angry? Comparing your post to Mona's, I think you look foolish. I think Mona's video highlights that. You go ahead and make your America great again by keeping your status quo.
Hmmm, a best balanced fund list that leaves off PRWCX or even VLAAX, but does add DODBX. Ok. Nothing wrong with DODBX, but is it better that the other two I mentioned? No, not even close.
Barrons is one of my indulgences. Paper comes every Saturday and I read it cover to cover over morning coffee on Saturday and Sunday mornings. Guess I'm old. I still prefer reading an old fashion news print with my coffee.
Commie sympathizer maybe, similar to the guy in the white house?
OS has been challenged before to find supporting views for his beliefs from reputable outlets but apparently hasn't been able to do so. So, continuing with a publication which has in…
The markets expectation is that a vaccine will be available if not by late this year early next and that it is effective to at least 50-60%. Any other scenario could be another pretty big fall. I think we are priced for success in the vaccine arena.…