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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?
Bummer. For anyone trying to access the article through my link, it's not connected anymore, at least for me.
There is a new link for the 15 most wealth creating funds I'll link below, but I suppose that one has a life too.
https://www.morningst…
@Mark, that's just a minor sin. I bought shares of the hated TSLA last Thursday. Weeee'l seeee. I have an order in to buy more if it drops to the mid 170's.
Hunch: I'm expecting nothing in the way of cuts until 2025.
Hmm, I would be very surprised! The FED was very late on addressing interest rates to curb inflation. But now it would be an even bigger mistake keeping them high for an extended period.
Not sure I'd call those two funds comparable when it comes to duration or risk.
Agree. RPHIX and TUHYX are like night and day. They are not at all comparable in their approach, volatility and risk/reward agenda.
Thanks Yogi. Way back from 2010. Seems in that interview, Evansky was a proponent of 2 buckets. I think he said 2 years cash and the standard 60:40 portfolio. I could hear Christine late in the interview almost edging him on for the idea that more b…
That's a good article and video @hank. He seems to be a proponent of 5 years cash and then a portfolio of 50%-60% equity. Well, that seems to me to be a 2 bucket system. Maybe it's just semantics. But his ideas are in line with mine, a cash buffer b…
@Tarwheel, in your opinion, is that a good or bad yield for a conservative balanced fund? I have no idea, myself. I rely on total return, which I think has been pretty good so far.
So @Crash, they looked into your problem, could not duplicate the problem with the information you gave them, they offer to continue to look into the problem if you help them out with a screen shot, and they do all this even though you aren't paying…
https://www.kitces.com/wp-content/uploads/2014/11/Kitces-Report-March-2012-20-Years-Of-Safe-Withdrawal-Rate-Research.pdf
I remember that too, @PRESSmUP. Is this the link-report you are referring to?
:) @hank, we are well aware of snowblowers. I actually have 2 Ariens right now.
I'm a bit East of Buffalo, about 70 miles, and we haven't had the snow they have gotten this year. West side of Erie is a beast. I don't think we've had even 6-8 inch…
@JD_co, I've added to CGBL over the past few months also. Is there better? Who knows. Seems to be doing well since inception compared to a few other stalwarts, including PRWCX. American Funds/Capital Group has been running great balanced mutual fund…
Bills vs Lions. Someone would have to win their first Super Bowl! My best friend is from Rhinelander Wisconsin; hence I've always pulled for the Packers too, but Detroit has the better shot this year.
My son and his wife live if Pittsburgh, she's a…
@Mark, I heard what Giroux said too, but if you look at the portfolio holdings in TCAF, there isn't a lot of utility and energy in that portfolio. It's anchored by the big tech stocks, plus UNH. FWIW.
Thanks @Old_Joe. Buffalo's football fans are some of the most diehard and loyal in the NFL. During a snowstorm last year that saw close to 7' of snow, a guy went to Josh Allen's house with his snow blower to clear his driveway so he could get to the…
Agree @davidrmoran. I don't trust religious zealots anyway, so I would not be one of his "like minded" investors.
His wife was right. He is the worst marketer of his funds.
No surprise on stock holding, but then again, why would they be any different than PRWCX and TCAF? I think if yo buy PRCFX and sprinkle in some TCAF, you have something that taste pretty much like PRWCX :)
We can always learn something from each other...
Sorry @Baseball_Fan. I learn nothing from repetitive gloating nor can I believe someone who always says they made the perfect call - after the fact.
I'm guessing many folks left RPHYX (I am also currently a shareholder) because one could do better in treasuries over the past year or so.
Ah, there was a lot of talk about that, but it didn't happen. I believe RPHYX outperformed treasuries - again…
Wifey prefers that I continue to move more from tax-sheltered to taxable.
That sure sounds like a bad idea to me @Crash, unless you are paying taxes now and converting to a Roth.
The difference between FD and most here is that his trades are always in the past - sometimes by weeks or months
And remarkedly, he's never been wrong :)
My own opinion on the current holdings in a managed ETF, not sure it means to much other than looking backwards. Maybe CALF has avoided financial for now but could make it a high percentage going forward. Who knows. You have to have faith in the man…
@BaluBalu, I'm guessing M* is being customer focused. They make their money on institutions and people who handle money for others. That's their customer now. Their perceived customer just isn't you or me or anyone else on this forum.
Ahh, the age-old difference in opinion on how many positions are ideal in a portfolio. Many go for the perceived (index like?) comfort of volume and others can be decisive and have less holdings. Personally, I do think having many or "toe hold" pos…
And now it's time to look at 2024!
What I've noticed gathering steam over the last month is REITs and the obvious, small caps. I know the pundits love SC's going forward. I haven't read anyone promoting REITS, but I wonder. I picked up Avantis Rea…
As mentioned, M* is a publicly traded company with the priority to make money for their investors. I believe the stock has returned in the +30% range YTD. PE ratio is in the 170's, overvalued maybe, but it does indicate investors like what M* is doi…
I wonder if much of the outflow isn't self-induced. My prior company's 401k accounts were with TRP for over 30 years. All accounts were transferred to a new custodian, Merrill Lynch, earlier this year. I wouldn't be surprised, just from this one com…
:) Fair enough @Crash. But we both know Giroux and his investment process is no pig-in-a-poke. I'm fully invested already, but my circumstances are different. I had a lot of cash that needed a longer-term investment.
I'll take the added risk and add that $ into bond funds and into balanced funds - both of which I've been buying for the past few months. I'm not opposed to keeping money in the Schwab MM at 5.27% either. MMs seem to be holding up better than short …
Still DYING to see the ACTUAL holdings.
Not to be belligerent, but why? If you don't agree with the holdings, are you going to tell Giroux you disagree with him? So many have said, I need to see the holdings, but I don't get it. I know I'm not smart…
I remember that M* "phonebook". My wife and I used to go to Barnes & Nobles or Borders quite a lot many years ago. We would spend an entire afternoon there. That M* funds book was my go to, sit-around and drink coffee entertainment. I would spe…
After pulling out significantly from of my Schwab robo earlier this year, I've been adding most of that money back into balanced funds, both conservative and moderate. The "balanced-funds-are-broken" mantra, I thought, was always a dumb knee jerk re…