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?
The successful momentum investors I think of over the years here at MFO are Junkster, rono and Flack. Probably others too. I believe they have been very successful at it. Me , not so much. It's hard to duplicate someone else's strategy.
Thanks @Old_Skeet for your feedback. One important distinction for your situation is that you have your demand money (what I'm calling my safe-bucket) in taxable CDs. I think that is what I read from your post. Almost all my nest-egg is in tax defer…
...Wonder if Clinton and rich democrats Republicans will benefit from tax cuts especially if make ) 500k annually
@johnN, no need to wonder. Paying of rich benefactors is exactly what the bill is intended for. Benefactors and special interests group…
Thanks @bee. Great stuff.
On couple of your bullets:
- I didn't really get into the growth part of the nest egg only to say I would have about a 60:40 allocation, not use all allocation funds. Right now 1/2 my IRA is in a Schwab robo at 62:48 an…
Good analysis @LLJB. Which takes me back to this fund, KCMTX and funds like it.
So we have a down turn and this fund adjusts and performs admirably, meaning it loses less than maybe a balanced fund would. Now the positive effect of that safety on y…
I disagree @Hank with your statement that this monthly thread has run it's course. It is the most viewed thread on this site. That speaks volumes.
I personally find it pretty interesting to see what people are buying and selling. It doesn't steer m…
Thanks @Junkster . For whom it holds interest, here is the government's income and cost structure for medicare payments. And I agree. I would also like to see more posts and questions about money matters and issues during retirement.
https://www.me…
My confusion is what this SaLT deduction is. I thought we were talking property taxes only. I guess I didn't understand it was property tax and state income tax paid. So, yes, given msf's scenario, this surely does affect me, that middle class guy.…
@davidrmoran, are you arguing that there are many "middle class" home owners paying over $10,000 in property taxes? Certainly not in the very high-taxed area of western NY I live in. Don't get me wrong, there are plenty of people in our Rochester su…
You likely make a great point @Old_Skeet. But I am, at this point, ignorant around the importance of why income is any more important than total return in retirement. If I'm withdrawing money from an IRA, why do I care if KCMTX has a bigger distribu…
Thanks Old_Skeet, you build a nice positive case for the fund. But for me only, I don't like to own a lot of funds so I don't see it as a replacement for what I have. I tend to measure all these alternative funds against a good, no make that great b…
Thanks @Mark. I don't know if you got to see any of the game on TV, but it was the most amazing (in the strangest way) NFL football game I ever saw. It probably was a matter of luck, not skill, which team would end up winning. A Lake Erie lake-effec…
Sold a position in PFIDX and split the proceeds adding to PONDX and buying a new position in IOFAX. Probably late to the party with IOFAX but went there anyway.
Put some play money in TFI (SPDR® Nuveen Bloomberg Barclays Municipal Bond ETF) hoping…
Crash, bee had a pretty good article posed yesterday on junk-bonds. It talks about risk and reward. It doesn't throw in the extra risk factor of global/world bonds though.
Also, I agree if you are going to fixate on one fund company, TRP is a good…
Is it OK anymore to LOOK at a woman or think of women?
Are you serious? Do you think the accusations in this article are "he was looking at me"?
We are in current times where the President of the United States said on tape it is ok to physically …
According to M* LFEQ is 80% in Vanguard's S&P 500 ETF (VOO) and 20% in cash. Not sure it's worth the .59 ER when holding cash is free and VOO is .04% ER.....
I only skimmed the article, but what I think I see is you are paying the .59% for their…
@karaald, I've been watching Munis again since reading similar opinions. Decided to put a stop to this Muni uptrend by buying an ETF, TFI, today. That should stagnate the uptick. :)
Guess I'll call this my Santa Clause play this year. I've been r…
I've never heard that song before from the late-great Glenn Frey. Thanks @openice, it really makes you think. Well, makes me think anyway. Not sure about everybody.
Let's face it, there is no correct catch-all answer to Catch's question (pun intended). In 2009 or 2013 there was no way to know which fund would run the fastest. So the safe thing to do would be rebalance to a method, much like what old skeet does.…
...but they both violate msf' no leverage rule.
I guess that would leave PONDX out too, wouldn't it? Violate away!
Mark, you are into risk - reward and reward you have gotten with PDI PCI. More power to you.
Nice list msf.
My take is category will matter more then fund selection when deciding what bond funds to own. If you want a straight forward domestic fund, pick the best intermediate fund. If you want your bond fund to have some flexibility, pick a…
Also what do you think of Matthews? I used to own 2 of their funds. Now, none. I now think of them as overpriced and under achieving. Just me saying.....
If someone wants to weight the Asian region on their own, I personally think Matthews funds are…
Hi @Puddnhead, If you are referring to Eric Cinnamond, I believe he was part of the ICMBX team but I don't think he was ever the lead manager. I could be wrong. I think he was lead manager for Intrepid's small cap fund. You know, I was in his River …
Thanks @Old_Skeet. Yes, my "whoops" was from hitting the "post comment" button well before my information was ready. I do have 2 retirement accounts, an IRA at Schwab and a 401K at TRP, and I was trying to combine both in the post, but I didn't have…
@davidrmoran and @msf, not to offend but your banter back and forth does make me chuckle. Kind of like arguing with yourself in the mirror (but I'm guessing you don't see it).
Thanks @davidrmoran. I corrected the spelling. I know you are a big proponent of the DSENX process. What do you think of moving into the European option at this point in time in lieu of lower valuations across the pond?
Agree on TRP target date funds @hank. They certainly are a good alternative to a robo portfolio for sure. I know you use them as a benchmark and so have I over the years.
We here at MFO do get enjoyment doing our own thing, but frankly these funds …
When I look at Europe, personally I would rather be in Europe developed. If any of my world allocation or my (1) EM funds think that is the place to be, so be it. I don't think it is a bad gamble, just not one I plan to take. FWIW, I do plan to move…
Ok. I'll post my self managed portfolio.
But FWIW, I have 1/2 my retirement savings in a Schwab robo-portfolio, which is about 62% equity, 28% bonds and 10% cash. As of 11/24, the robo has returned 13.3% YTD. The percentage is based on $ amounts fr…
Thanks @Puddnhead. The fund didn't ring a bell so I forgot about that exchange. Now I remember. It's done well. I hope it continues going forward. You are right, not your typical REIT fund.
A lot of what I read is saying tech and financial going f…
@Puddnhead, fwiw, per this Fidelity report you have energy right but REITS generally do best at the start of the economic cycle, not the end.
https://www.fidelity.com/viewpoints/investing-ideas/sector-investing-business-cycle
