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?
This is what I see. Fidelity may have given you incorrect information. It does mention income limits. Could that be it?
The Roth IRA contribution limit is $6,000 for 2019, up from $5,500 in 2018. Retirement savers 50 and older can contribute an ext…
@bee, you mention that the new portfolio 'max recovery time' was about 3 years. Was that the great recession period? I'm wondering because the REIT you are putting in your "income" bucket, which I believe you would be withdrawing from while the mark…
...I am looking to Asia/China. It's where the future is...
Hmm, very reminiscent of what I heard 15+ years ago on this board. And my reply then, not in our life time.
When I saw this I wondered, what rising rates? Then I notice this was written in the spring when everyone (incorrectly) thought that would be the case.
Hi @Hank, in contrast to what you found on over-capacity for self storage REITs, I have a friend at work that she and her husband have been building self storage units as a side business and they can't keep up with demand. They have the units rented…
@rforno, something I've heard you or others do before, but why does it matter waiting to buy until after distributions were distributed. Isn't it just a balancing act for the fund? I don't see the positive effect buying before or after distributions…
Hi @Mark. I think in general we are saying the same thing, I think.
My original point was a reaction to the post article statement, "REITs are a viable alternative to retirees and other income investors who desire greater income without having to t…
Excellent points @bee. Bonds, REIT funds and such are fine for diversification, a good idea for that purpose, but buying them for their income distribution inside a tax deferred account doesn't have much meaning.
People are being swayed away from …
If you open and read this, there is an image of the guy that wrote this blog and he looks like he may have been about 15 years old when REITS crashed in 2007-2009, so I don't think he understands the pain REIT investors felt at that time. I don't kn…
Thanks @msf, but not sure that answered my question. Maybe I didn't state it properly.
I'm not talking about what I pay for taxes when i withdraw the money from a tax defered account. I'm talking about the total return growth of the mutual fund if…
I have a question, and maybe @msf you know the answer, but I've always heard muni bonds are better suited for a taxable account. My question is, doesn't a mutual fund get tax exemption returns for holding muni's also? And in turn those mutual funds …
It doesn't make any sense for congress or the president, even if they could, to change the tax exempt laws for Muni-bonds. Municipal projects always need funding for infrastructure and social needs, or society to an extent falls apart. Tax exempt st…
Great question @hank. I tend to click on any post with a comment. Rarely do I click on the ted articles w/o comment except for the morning briefs and the closing statements, but I do appreciate his dedicated effort. I enjoy the buy and sell post but…
Thanks for the added information @Old-Skeet. Makes sense on the liquity side. I did recently turn a matured CD into another 1 year CD paying 1.65 but mainly keeping cash in the MM paying 1.55, but I expect that will continue to drop. Thanks again fo…
@Derf, per your 2 questions, I only bought 1 year CDs thinking rates would continue an up trend - I was wrong. Second question; I was buying CDs in my withdrawal 'safe' bucket (3 years of living expenses) so that money wasn't aimed towards equities …
Thanks @mfs. I had no interest in buying GOFXX. Mostly wandering what the incentive would be to purchase a MM mutual fund if other options like a regular MM account or CD's may give higher rates. I guess the difference is so slight though it probabl…
In regards to savings accounts, I have my taxable money market account with Capital One. I find their rates are consistently near the top of the list, so no need to move from one bank to another. I believe they are also at 1.85% right now.
@Old_Sk…
Just to add to syzygy's mention of MICPX, it is more than just bonds. Per one of David's commentaries:
Our July 2017 profile of Matthews Asia Credit Opportunities (MCRDX/MICPX) described it as investing in high-yield bonds. That’s correct but incomp…
@Crash, great to hear your new life-journey is working out so well. You retreated to what many think is paradise on earth.
...Though I did get caught in the rain on my walk today.
Love that line after coming in from shoveling snow, again.
David, just want to say the "Pruning" piece in this months commentary was excellent. I often think about and hope that younger people coming to the discussion board are not swayed to think that posts about 'what did you buy and sell this month' are …
I think your simple suggestion of a 2040 target date fun is a very good base for investing John. Fund collecting may be fun, but in my opinion not productive to total return. And you should press upon him rforno's excellent point, if you want to pla…
Does anyone remember on this board all the discussion about the "peak" oil supply being reached and that because of that oil would continue to move up? I don't remember for sure but I'm guessing oil was in the 120-160 range at the time. The discussi…
OS, I think @Starchild's point may be that all those funds likely are equivalent to an all encompassing index fund or 2 or 3. But, what fun would that be. Your system is your hobby and it sounds like it works great for you.
Agree with @Derf. Sounds like a nice thing to have if it weren't to complicated, but it sounds like it is complicated.
It is an easy thing for an individual to check their brokerage account for availability of a fund or specific share class. In fa…
...then 2 friends died at 67 without ever drawing from social security.
@Patrick1, were your 2 friends married? Because if they were their spouses will likely benefit from their waiting. As providers, still works in their favor.
That said, I go ba…
Could be a state by state thing @sma3, not a fed thing. My choices for supplemental plans in NY state are fairly easy to compare and quite reasonable in price, from $0 to not worth it. The plan I had last year and will repeat again in 2020 went fro…
I'm bias as a shareholder in AKREX, but I thoroughly enjoyed the interview. Thank you @Ted for posting it.
A very accomplished manager and co-manager. Both understanding and believing in the system. I think AKREX will be a very good fund even afte…
With all this talk on bonds and with the Schwab MM now down to 1.62%, I'm adding to my 2 bond funds, IOFAX and MAINX. Both have about the same return YTD, ~11%, and maintaining steady, persistent upward trends.
I guess these are positive articles on the prospect of safely taking more than the 4% rule dictates, but even with all the charts and research in the articles I have a hard time buying it. Maybe that is just my fear of out living assets which is a f…
A lot of optimism in this collection of reports. The tricky question is, is this one of those Christmas rally years? I'm thinking so, but I tend to be wrong 50% of the time, same as a flip of the coin. I may play the game this year.
Psychologically, what helps me (in these uncertain times) is having already set up my multi year "withdrawal" bucket for retirement. The rest of the portfolio I let ride in a balanced portfolio and don't worry about trying to time a down term. I'm …
Retirement accounts are prevented from buying or exchanging into tax-free mutual funds through the electronic channels.
Wow, that seems very strange to me that a fund company would decide what is acceptable in your portfolio. I don't believe Schwab …
'08 .... if they didn't do too badly (by comparison to say the SPX) and were not wallowing in a huge cash pile, that implies they don't follow the herd and are thus worthy of my consideration.
You just described HSGFX :)
Nobody is bailing because the fund’s been screaming hot for many years. How many who had a “foot-in-the-door” (modest holding) in 2014 before the fund closed moved much larger amounts in during the subsequent years as it outpaced its peers?
Hi @hank…
