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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?
No @msf, it took me a while to settle on these funds with plenty of mistakes in between. In my case, 'even a blind squirrel' might be more appropriate :)
Thanks @zenbrew. I have not looked to much into the unemployment option since I'm not part of the production group being furloughed. I have seen the notes from our HR office though telling exactly what to put into the NY state unemployment forms to …
Hi @Bitzer. I have to acknowledge, for me bond funds seem harder to dissect and understand what is in them than equity funds. There seems to be so many moving parts, liquidy, multiple sectors and categories, duration, quality ratings, number of hold…
@Mona, I believe you are correct. The final week for the covid benefits is "the week of" July 26, or another way of saying it, the week starting July 26 is covered by for the $600 added covid unemployment benefit.
I know this because the company I…
Obama was the worse president of my lifetime
Don't know how old you are or where you come or what tv channel you get your perspective from, but the worst president of my 66 years of living and voting in the US of A is in office right now. There is n…
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@zenbrew, you are probably right, but still not clear to me if they mean scientific protocols that doctors have known since early…
Same experience as others, saw the 3-alarm rating system used by Fund Alarm mention in an article in either Money or Kiplinger magazines. Soon found that the discussion board was not only interesting and knowledgeable, but very entertaining too. Bee…
I don't know, but I'm going to assume the risk metric is based on no one wearing a mask. They should have a second column with risk score if all parties are masked, just for comparison.
Thanks @rsorden and @msf for the information. I could be wrong but I'm not sure risk versus reward is good for munis going forward for the reasons you guys mention.
In my opinion, Municipals, both local and state, will feel the ramifications of th…
Isn't anyone else concerned about defaults on municipal bonds going forward? The only scenario I see around that is the FED coming to the rescue... again. But I suppose that would be likely. Nothing can fail.
@msf, you are right, TSCXX would be levitating at .25% but I I don't believe it. I took a quick look on Yahoo and it shows the 7 day yield at 0.1% like most other MMs. Clerical or updating error maybe(?)
0.09% for the Schwab MM SWVXX.
@Rbrt, as of today I see FDRXX at 0.01 and FZDXX at 0.07. Even down from msf's info dated 6/30. Crazy low yields all over for MMs.
Another tidbit of election trivia. At the start of our democracy, the vice president of the United States was the person with the 2nd most votes in the presidential election. That changed in 1804 with the 12th amendment. Can you imagine today Trump …
@hank, it was David's commentary that got me interested enough to buy TMSRX also. As @BenWP mentioned about MMs and CDs paying nothing. When a couple of my CDs matured I wasn't going to invest in that path again. I also sold my HY muni fund, at a lo…
@hank, I know you are a TRP guy. Have you looked at the new'ish TMSRX fund, Multi Asset Strategy? Another portfolio change I've made the past few months was to go with more conservative alternative type funds. TMSRX is one of those, along with a pre…
Only problem I see, now you have to change your photo. You're no longer caught in the headlights !!
You're right @Derf, it's almost football season. Time to change back.
@BigTom is right-on in my opinion (on a few things here but we'll discuss liquidity). Investing in a fund with liquidity concerns in today's times is very risky. How soon we forget (?) I learned my lesson with IOFAX and will never purchase another …
I know Robert Almeida is a manager for a fund I invested in , 'MFS Managed Wealth' fund MNWAX. It's a very conservative L/S fund that seems to move forward in any market, albeit at a slow conservative pace. I started using it as an 'alternative" to …
Because most of my money is in deferred accounts, seeking yield does not have much attraction for me. So, nice diversity I guess but I wouldn't be interested in this kind of fund. The charts are nice, but this post seemed more like a sales pitch to …
Totally agree with @davfor. It comes down to leadership whether the country pulls together or not. Even Bush#2 was able to unite the country after 9-11. I think a leader has to start with compassion for their fellow citizens. Hence, why it isn't wor…
Hi @hank, that $19.95 is to trade inside the TRP brokerage, right? That is an amazingly high price to pay, especially since many brokerages now are no-cost per trade. Maybe it would be worth opening a small Schwab or Fidelity account for conservativ…
The Florida ban against the Tri-state area was back when NY City was at it's peek, back in March. At the time Mario Cuomo called it political and objected to that policy. How things change. The Fla. governor now has the same stance saying the NY ban…
NY State has issued a travel ban... we don't want your germs. Not at all sure how this would be enforced.
The state has implemented a travel ban which began last night at midnight. All travelers entering New York from a state with a positive test …
The southern democrat tradition lasted well through the 1950's and 60's It wasn't just a Civil War party. Jim Crow, KKK, lynchings, segregation, that is the history. It changed when LBJ signed the Civil Rights Act. At that time he said the Democrat…
@Old_Joe +++. Calling yourself a Southern Democrat and then looking up the history of that party said it all for me. Blind as you can be on race history.
Can't argue with that @kings53man. All it will take is Mr. Market to trend down 10% or so and it will be Congress and the FED to the rescue... again. In fact I believe Mr. Market plays them like a fiddle.
That said, I've been trying to reduce the r…
Maybe this news will help slow down the increase in confirmed cases in Texas. As the moron said at his rally, "we need to slow down testing".
From Barrons:
Coronavirus Testing Sites Will Lose Federal Funding in July
Updated June 24, 2020 5:32 pm E…
Old skeet. You wear that term Southern Democrat as if it were a badge of honor, yet in fact it was a term for support of slavery and later jim crow laws and segregation. Sad in my opinion.
Every post you make FD is all about you. "I saw this. I did that. Every one else is dumb for missing it." The point is the likelihood of anyone 'investing" in this fund, not trading, would not have seen a 40% drop in 2 days on the horizon.
Yes, to…
The basics are still the same: Know what you own, expect the worse(which is what I do) and past performance and volatility are not guaranteed.
I call BS on that advice FD. None of what you said is usable. This was a fund with good consistent returns…
In addition, owning just one fund does nothing to manage fund manager and strategy risk.
You couldn't be more wrong about PARHX @Old_Skeet, or any of the TRP retirement funds. This 1 fund is made up of 13 TRP equity funds and 8 fixed income funds. T…
Hi @Derf, as of this morning self managed is down -5.5% YTD, -7% from high. The Schwab robo did better with -5.0 YTD, -5.3% from high. My biggest mistake was having my bond portion in non-diversified, low liquidity funds like IOFAX, MAINX and HY mun…
@Old_Skeet, off your high by only 5% is pretty good. I just looked at my Schwab Intelligent Portfolio account and it is off about the same, -5.2%. For reference that portfolio is 47% equity. I must admit, I was pretty concerned when that portfolio w…
Don't know @bee. I'm not defending what Inker is saying has value. Just copy pasted Inker's response to why they have been recommending EM as where to be for the last 3 years. I never know if those without a subscription to Barron's can read these a…
The interviewer asked the question about their EM predictions. This was the question and response from the article:
You’ve recommended emerging market stocks since 2017. That hasn’t panned out. Why do you still like them?
The average emerging stock…
I don't have an immediate plan but I would like to work my equity % in my self managed portfolio a bit lower. This looks like a good time to DCA out a bit.
The market has surprised the heck out of me already, but I have to believe Mr. Market is pri…
