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.
At this point in my life and retirement, I only use asset allocation as a tool and while I have slowly been increasing fixed income with a goal of 25-30%, I don't make changes from technical indicators.
Skeeter, thank you. I was just entering the discussion picking the great minds here. I do a little of both, reinvesting and collecting cash. I have enough accumulated in cash for a couple years RMD but as I get up in age and down in health time to r…
Once you are in retirement, taking the RMD, and no earned income, do you take or reinvest? Seems that if you are using the RMD, you have a decision of earning enough dividends and interest to cover the cash needed for RMD or having to sell shares. D…
Perhaps just keeping equity and fixed separate. I do own SGENX but started using more MWEFX and WASYX with PIMIX and PAUIX and my core bond fund MWTRX.
Always a tough decision, either make money and pay taxes or defer making money and little taxes. Other than using index funds and letting them ride and using closed end muny funds, not much else I like. If you are in the 10- 15% bracket and close to…
The best downside asset class I know is just plain old cash. I avoid all the funds with fancy names that promise and don't deliver. At age 78 I'm no longer a long term investor.
Reply to @AndyJ: Good points you all are making. I am 78 and have continued increasing fixed income and reducing my equity allocation. I thought about doing it more recently and take advantage of seasonality and strength in the equity market. I star…
I have started to use more ETF index funds from Schwab. When I reallocate I use SCHB the U.S. stock market and this might be the year for the index funds. Also, no charge to buy/sell and lowest ER out there. I like the added investment into mid and …
I personally do what I think is best for me, not what the guru's are saying. I am 78, retired and have slowly been reducing my allocation to equity with a target of about 25%. I believe asset allocation to be more important than what to own. I rece…
Reply to @bee:
I think his approach is more about asset allocation than what his equity picks are since that's what this fund is all about. I just reduced or eliminated the fund and reallocated the $$$ to fixed income. I am 78 and retired and have …
Top 5 stocks at or close to 52 week highs and total 33% of holdings. 3 year old fund that started after 2008. Reminds me of White Oak fund in early 2000's. Not for me.
Something always has to lag, wouldn't be concerned if you hold a good diversified fund as a moderate amount of a total porfolio. Many foreign funds also hold some emerging market so don't add too much EM. We are long term holders of
SGOVX and UMBWX.
I wondered for years if it was worth understanding everthing others say. As I got older, now if I don't understand something, I'll skip it. Not worth my time.
I owned the income fund for about a year and sold it. I did not think the managers were responsive and fund had higher ER than I thought was reasonable. I ended up buying MLPI and ETN from UBS.
I found a place for a variable annuity in 1995 when I transferred the cash value of an insurance policy to a low cost Vanguard Variable Annuity. Last year, for the first time I added cash to the annuity as I considered it the best place for me, reti…
I simply changed you chart to VIX for the short period. If you can buy and hold during these whipsaws, go ahead and see how it goes. I'm too old to do what I did when I was your age, I think. It's still a trading vehicle in my opinion.
http://stoc…
If you have the time and effort to trade things like this and want to be active, go ahead. I don't think its worth it since you probobly won't buy enough to make a difference and might be hard staying with it on a day to day basis. Watch it for awhi…
I appreciate all your comments. You all know your stuff. very impressed. I am in Ohio, not a community state. We do have a will and a modest amount of assets. We both have IRA's both Roth and Traditional. We do not have a trust. We believed with siz…
Not one fund I have was up today. Worst day in over a year. Only a few stocks up, Boeing , Abbott Labs.. Wellpoint, Elan. Hard to believe with so little movement in market.
Nice to hear a good story, heres's a bad one. I went for cataract surgery about 4 years ago and quickly noticed a problem, tons of floaters. Went for a follow up and was told I would need to have retina surgery to correct the problem. I happens less…
