Vanguard Funds (updated as of 12/9/13 & includes more index funds)
https://personal.vanguard.com/us/insights/article/estimated-yearend-distributions-12092013
Satuit Funds (SATMX...ouch!)
http://www.satuitcapital.com/new/satuitcapitalmanagement/pdf/Capital Gain 2013 Satuit Funds.pdf?advisorid=408164

How many funds you have depends on what you're comfortable handling, and to a certain extent the size of your portfolio (you can't really have 50 funds with $100K - that would be $2K/fund, less than many funds' minimums).
I'm not fond of the minimalist approach, but that's workable - something like:
Equity - total world index, e.g. Vanguard Total World Stock (VT or VTWSX)
Bond - total (US) bond fund (one that includes some junk), e.g. Dodge & Cox Income (DODIX)
Cash - something very liquid and stable, e.g. GE Capital Bank (0.90% on savings)
Moving up from this minimum of three, I would add (and change) funds to (a) fill in gaps (e.g. foreign bond exposure), (b) tweak the mix (e.g. bring down the average market cap, as Ted suggested). If going even further, then add funds (c) for "esoterics" - sectors, alternate strategies, and finally (d) for management diversification (multiple funds covering same or similar areas).
For me, moving up from the bare bones three would somewhat follow along Skeeter's line of thinking. Generally though I would start with only one fund in each bucket, and my preference for buckets is a little different:
Cash - as above (obviously one needs a demand deposit account, i.e. one with unlimited withdrawals as well as a savings account). Might add an account that reaches for more income with minor volatility, e.g. short term muni fund such as Vanguard Limited Term Tax-Exempt (VMLTX, VMLUX), or with some loss of liquidity (e.g. I Bonds - cannot withdraw for one year, but then liquid, and after five, no penalty).
Equity - tweak via a mid cap or small cap fund.
Bonds - add a multisector fund for more junk and a fair amount of international exposure.
So now we're up to six buckets (2 cash, 2 equity, 2 bond), somewhat better market coverage, and a bit of flexibility in adjusting the portfolio mix.
Next step up would be to broaden the equity exposure and increase its granularity; and to broaden bond exposure:
Equity - large, mid, small (or micro) US; foreign (rather than global) large cap and mid/small cap;
Bond - add a flexible foreign bond fund (that can invest in emerging markets as well as developed markets).
We're approaching ten buckets here (nine, actually). If you're looking at bonds in a taxable account, you might want to throw in a muni fund (e.g. Fidelity Intermediate Muni FLTMX). This number of buckets is more to my liking; of course YMMV.
I do go further, but for the most part, that's getting into (c) and (d) above - sectors, other strategies, management diversification. Things that I view as nice to have, but in the long run I don't expect to make a whole lot of difference.
Like emerging markets? You can add a touch of Seafarer (SFGIX) or some other EM fund; like Asia? Look into the Matthews funds. Like a sector or a "theme" - loads of funds to choose from; add in limited doses. Want something more "interesting"? There are tactical allocation funds that try to pick the best area to invest in at the moment, market neutral funds that try to hold portfolios to do well in any market, etc. Again, use judiciously.
When diversifying management, I suggest hitting different style boxes, or different management styles. For example, if one has a large cap growth fund, look for a large cap value fund. If one has a deep value fund, one could look for a relative value fund. It's easy to get up to 20 or more funds this way.

Reply to @MikeM: Thanks Mike and glad RYOIX has worked out well for you. I completely understand how monte carlo simulations and other number crunching endeavors can be valuable and worthwhile tools for many, but just not everyone, myself included. And about that other guy, the absolute last thing I want to do is run him off. He is great philosophical entertainment and again, that is not meant in a derogatory way.
As for a newsletter or timing service I had to laugh at that. I spent a lifetime going after the newsletter writers and Dream Merchants (trading vendors) in other venues and their promises of instant trading and investing wealth with their claims of 100% and 200% returns or more. With me it was put up or shut up as I was always challenging them to provide a multi-year (the longer the better) documented track record of actual success with *real* money trading/investing at a *real* money brokerage firm. None of their back tested, curve-fitted hypothetical results. I even offered to show my actual real money statements for three, five years, or longer if they would do the same to back up their claims. But alas, they always seemed to have a 1001 excuses why they could never validate themselves when real money was on the line.
Edit: I think I mentioned in an old post how this has been my most frustrating year ever. While I may have continued to consistently compound my trading capital (who hasn't this year) many of the individual stocks I was in and recommended (including under my old handle of hiyield007) ala LGND, SNTS, NPSP, RAD, and ACAD have more than doubled from my entry posts. Yet my aversion to even the slightest of volatility along the way prevented me from enjoying the full rides up. Stocks never were and never will be my thing as compared to the tight rising low volatility channels of equity funds (thank goodness for the 80s and 90s) and most especially bond funds (the past decade)

Brazil will be hosting of the World cup and the Summer Olympics...two nice ways to juice or squeeze your economy. I guess we can also include Russia in this converstion as they host the Winter Olympic in 2014.
Some news on how these world events impact EM countries:

"While it’s certainly a stretch to say that paying $50 billion for anything is reasonable, Russia hopes that its massive spending will pay off in terms of regional economic development. To make that possible, Russia is now building high-speed rail lines between Moscow and Sochi and upgrading the Black Sea region's air, rail and highway infrastructure. Unlike previous Olympics, which largely left host nations with a lot of empty, rusting stadiums, these 2014 Olympics plan to leave Sochi and the Black Sea region with multi-use facilities that can be converted into other uses beyond just athletics"

What Tokyo 2020 can learn from Sochi 2014

"the real story may be what the games say about the economic achievement of participants. He notes that countries with strong emerging economies are now leading the medal count, and stresses the strong correlation between economic growth and athletic achievement."

The Economy of the Olympics

"Olympics tend to have cost overruns of about 180% on average. For Sochi the overrun is now 500%. But Russia made clear that money was not an issue, says Ms Stewart. She also notes that relations between the government and construction companies appear closer in Sochi than in other games. Large construction projects often have a side-effect of corruption. But in Russia corruption is not a side-effect: it is a product almost as important as the sporting event itself."

most-expensive-olympic-games-history-offer-rich-pickings-select-few-castles

Either others or I are misreading your tax situation. A single taxpayer in the Roth phaseout range is likely in the 28% tax bracket. (For example, the tax on $120K gross taxable income - with $11K of that in cap gains/qualified divs, using standard deduction and one personal exemption - is $22,547.75, or 18.79% of gross income.)
A 28% marginal tax bracket does not strike me as low.
For a US citizen, I would say that if you are maxing out all your tax shelters, then go post-tax, because that lets you get more money sheltered. That's because you're putting in post-tax dollars, worth 1/3 more (a pre-tax dollar being worth only 75c upon withdrawal and taxes). By post-tax, I mean Roth 401K and/or Roth IRA.
Even if one wound up paying 28% now vs. 25% later, the additional amount you get to shelter makes this worthwhile. But I haven't checked the taxation of nonresident foreigners, so I don't know those calculations.
If one is not maxing out, then contributing pre-tax can come out better (if one assumes a lower tax rate upon withdrawal). For example, if you contribute $1 pre-tax, and take it out at 25% tax bracket, you've contributed 75c post-tax value. If you take that same dollar now, pay 28% tax on it, then you contribute only 72c to a Roth. (This assumes you don't have extra cash to contribute another 28c, which is where the "maxing out" assumption comes in.)
As to cashing out when you leave - it seems you should be able to transfer the 401k money to an IRA (based on the statement above that foreigners can own Roth IRAs).
Note that contributing pre-tax to the 401K might reduce your AGI enough that you could contribute the full amount to a Roth IRA.
As to what happens if you contribute too much, see Fairmark. Short answer - pull the excess (including earnings) before your taxes are due, otherwise penalties are harsh. Easy to correct.

Reply to @Charles: A home mortgage is one of few tax subsidies remaining, as government continues to allow write-off of mortgage interest.
Hear, hear Junkster and rest of board:

The greatest wealth creating tool is the tax free compounding of capital over time.

Just great that you are taking advantage! That said, consider finding way to purchase a house as well, especially on any "excess" you mention below.
Good luck.

Mozart325 said >>>Since you are in a fairly low tax bracket, consider a Roth IRA (after maxing out employer match). Non-citizens can have Roth IRAs.<<<
You can't get any better advice than the above. The greatest wealth creating tool is the tax free compounding of capital over time. The best move I ever made as a trader/investor was to open an IRA. The dumbest move I ever made was to not covert my IRA (because I did not want to pay the tax obligation) to a Roth when they became available in the late 90s.

Reply to @Junkster: There are bonds that act like equities and there are are bonds that don't. So, you can construct an all bond portfolio that has an equivalent balanced portfolio with same volatility and risk/reward and sensitivity to market conditions. The reason you don't have many equity funds with that lower volatility is because they don't sell when their performance looks relatively poor in bull markets so they take much more risks. You are just managing your beta exposure via bonds. That can work.
One advantage with equivalent equity exposure is that you can tax manage them better than bonds if they are not in tax-advantage accounts because of the treatment of capital gains vs dividends. That may or may not be an issue depending on one's circumstances but it could be a showstopper for some.
I agree with you on this simulation nonsense above and beyond simple return projection calculators but they can be good for entertainment and self deception.

Reply to @hank: I remained fully invested through the '08-'09 Crash, and kept adding to my portfolio, every single month. (Stopped---at retirement, in 2011.) So I'm not among those who missed the substantial gains when the Market took off again later in '09, after having pulled out. But I was, particularly after this past summer, swimming upstream, trying to grow my monthly bond dividend (and reinvest it all) in a stinky environment for bonds and bond funds.
I'm very much aware of the mistake made by those "chasing profits," who get onto the bandwagon late. I've used information gained here at MFO to very beneficial effect, in choosing my mutual funds. I am learning that one can get OUT too late, though. And it's ONE thing to switch from one fund to another while the Market is at or near all-time highs. It's ANOTHER to switch from bond funds to equity funds when the numbers have already been run-up. Leaves a bad taste in my mouth, but I cannot dwell on NOT having exited sooner. ...At this point, the end-of-year December pay-outs are something to look forward to. At this moment, my.........
-EM bond stake is down to 3.89% of holdings; (PREMX)
-"global" bonds (MAINX) 3.64% (And I notice the biggest holding is Cayman Islands stuff. This fund is going nowhere in terms of share price, but the quarterly divs. are nice. I take that as a good thing in the current negative environment. It's not fallen nearly as much as some other global and/or EM bond funds. And overall, I have indeed made money with it: +7.58%, actually.)
-.....domestic bonds (DLFNX) 2.51%
-That's 10.04% in bonds, so far....
MACSX and SFGIX holds some convertibles, I do believe; and MAPOX and PRWCX hold bonds, too.
MACSX 2.62% of portfolio.
MAPOX 8.02%
PRWCX 17.65%
TRAMX 3.14%
MSCFX 3.24%
SFGIX 2.83%
PRESX 15.34% (developed Europe. I looked. Not a thing "emerging.")
MAPIX 37.11% (I plan to move some of that to MPACX and some to MPGFX.)
Thanks to all. It's one thing to learn. Another to execute. And maybe sometimes, the only way to learn is by executing. "Break a leg," everyone.

I would urge caution with bank loan funds. A safer option might be to go with a flexible fixed-income fund, where the managers are able to adjust allocations. A number of these kind of funds have reduced exposure to bank loan securities recently, believing the big gains have already occurred and that there is the beginnings of 'froth' in the sector.

Not much in main portfolio. In play portfolio of leveraged ETFs, part of UWM got stopped out in today's dip for 11% in <3 mo. All positions have moving stop limits. Holding on to QLD with avg 17.5% gains over last 2-3 mo. Bought small position in TBT today. Part of SCO got stopped out today at 6% loss. Too volatile. Pondering entry into SRS. Don't trade frequently unless triggered by stops. Last trade was in early Nov.

From Seeking Alpha
Investors continue to pour assets into depreciating gold miner ETFs
Go figure: The Market Vectors Gold Miners ETF (GDX) has now slid ~55% YTD to a five-year low, yet the fund has nearly doubled in size to $6.8B, as investors have added ~$2.5B despite the dismal performance.With stocks at record highs, miners may look relatively cheap vs. other sectors, and funds like GDX and GDXJ appeal to many institutional investors who turn to miner equities as their favorite proxy for gold; indeed, the SPDR Gold Trust has lost $23B-plus YTD in assets under management.But demand for gold miner funds isn’t always tied to value investors or long-term buy-and-hold types: Direxion Daily Gold Miners Bull 3X Shares (NUGT) has attracted net asset inflows of more than $1.3B despite a difficult year for returns, while the bearish counterpart fund (DUST) has seen YTD net outflows despite gains of ~200%.Also: GLDX, GGGG, RING, PSAU, JNUG, JDST.
More details from Original Source
http://www.indexuniverse.com/sections/features/20604-depreciating-gold-miner-etfs-rake-in-aum.html?showall=&fullart=1&start=2

I'm not sure that I understand all of this. The bottom line is: What is the expected yield on this fund moving forward? I'm seeing a lot of references to capital gains and accrued interest, but what kind of monthly yield can shareholders who bought the fund expect? Will the yield be the equivalent of a ST bond, IT Bond or what? Hopefully, this is explained during the conference call on Dec. 9.

Brown Capital Management Funds
http://www.browncapital.com/distributions.html
Allianz Global Funds
http://us.allianzgi.com/ShareholderCommunications/External Documents/2013_Cap_Gains_Estimates.pdf
Metropolitan West Funds
http://www.mwamllc.com/funds_cap_gains.php
Homestead Funds
http://www.homesteadfunds.com/AccountServices/TrackEarnings.htm#yearend

I saw this filing yesterday, but I didn't understand it until I read the morningstar article you posted. I didn't know what the prior conditions were when the fund closed in comparison with the new conditions posted. (it is clear as mud.)
http://www.sec.gov/Archives/edgar/data/1494928/000139834413005642/fp0008858_497.htm
497 1 fp0008858_497.htm
RiverPark Funds Trust
RiverPark Short Term High Yield Fund
Supplement dated December 2, 2013 to the Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”) dated January 28, 2013.
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus and SAI and should be read in conjunction with the Summary Prospectus, Prospectus and SAI.
Effective as of 4pm on December 2, 2013 (the "Closing Date"), Retail and Institutional Class Shares of the RiverPark Short Term High Yield Fund (the "Fund") are closed to new investors.
After the Closing Date, existing shareholders of Retail and Institutional Class Shares of the Fund and certain eligible investors, as set forth below, may purchase additional Retail and Institutional Class Shares of the Fund through existing or new accounts and reinvest dividends and capital gains distributions. Existing shareholders and eligible investors include:
· Shareholders of Retail Class Shares and Institutional Class Shares of the Fund as of the Closing Date (although once a shareholder closes all accounts in the Fund, additional investments into the Fund may not be accepted).
· Any trustee of RiverPark Funds Trust, or employee of RiverPark Advisors, LLC or Cohanzick Management, LLC, or an investor who is an immediate family member of any of these individuals.
The Fund reserves the right, in its sole discretion, to determine the criteria for qualification as an eligible investor and to reject any purchase order. Sales of Retail Class Shares and Institutional Class Shares of the Fund may be further restricted or reopened in the future.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

Hi Scott and others,
Thanks for putting the thread up again. I always enjoy reading what others are thinking and what they might be up to plus I enjoy writing about my thoughts too. For me, I have not been doing much of anything during the past couple months, or so, except watching the markets and collecting all my fund distributions in cash thus building cash within my portfolio.
With Friday’s market close I have the S&P 500 Index priced at 1806 and using the trailing twelve month’s earnings of $96.43 I compute the TTM P/E Ratio to be 18.7. I favor the TTM method over forward price to earnings methodology as this is often based upon wishful thinking, erroneous assumptions and analyst bias whereas the TTM is based upon actual results. Morningstar has been reporting that stocks, in general, have been recently selling at a four to five percent premium. To me this is saying stocks are not cheap or even selling at fair value … They are selling at a premium based upon historical (TTM) and fundamental (Morningstar) methodology. And, Ted has provided links to Bespoke that show reports that many sectors within the S&P 500 Index are in overbought territory. Yes, it is for sure investor and trader hype is present as valuations have become stretched.
As we move through December and come January our elected in Washington will have to again deal with the Federal Budget and Debt Ceiling debates … Yes, again! With this, I feel better stock prices might be coming as it seems our elected in Washington can only agree, not to agree. This from my thinking is not good for the economy or for the stock market. Then there is the FOMC getting a new chairperson … So, is the taper on or off? And, there is 4Q2013 earning season and revenue reporting that begins in January. Will it be stellar enough to support stocks selling at these premiums? Perhaps, as analyst will dial back expectations just before certain companies report so a good beat rate can continue. After all the beat rate seems to get hyped a lot but no one seems to mentioned the revisions to expectations that are made often just before a company reports.
Since, I currently have pretty much an all weather asset allocation which is set based upon my risk tolerance and needs … I am just watching while letting cash build as my investments make distributions.
As a long term investor, I have "never" made good money when I bought at, or near, the top or in an "overvalued" market. Now as a trader that is something else as they follow momentum and they could care less about valuation. From my thinking it is the traders and hedge funds that have been pushing stock valuations upward and to a premium that exist today. And, on top of that there are many who have levered up their positions through the use of margin which is very aggressive positioning ... and, margin calls can be made in market pullbacks for additional capital requirements to protect positions or the positions get sold out. So not only are we dealing with an overvalued market we are dealing with one that is levered up.
For me, I have positioned somewhat defensively by holding a good sum of cash (20+%) within my portfolio and overweighting the defensive sectors plus holding some investments that can position defensively and even short when these fund managers feel market conditions warrant. Over the past couple of days my portfolio has declined about just half of what the Lipper Balanced Index has and although I trail my bogey year-to-date, I am happy with my current positioning as I feel caution is most definitely warranted. Over the past five years my portfolio has had an average annual return of better than sixteen percent and has a distribution yield of better than five percent on amount invested. And, folks I'll take that and not look back with any regrets.
I wish all ... "Good Investing."
Old_Skeet

Dear friends,
The guys wrote today to let us know that they're live on the Fidelity platform. John adds:

We also noticed on the discussion board that someone attempted to invest in the fund through Fidelity. Although we did complete the paperwork and contract with Fidelity a few weeks ago, we were told they still have to do some testing with our fund distributor before allowing it to be purchased on their platform. The latest we have been told is Wednesday of this week, although that is subject to various tests passing. In any event, most investors will probably want to wait until next week regardless given our income and capital gain distribution will be made early next week for record holders as of this Friday. We will include Fidelity in our Invest section of our website and notify you the minute it is available.
On a related note, we received notice today that, while only an estimate, about 95% of the income dividend will be in the form of qualified dividends (from the dividends of the fund's stocks) and as such will be treated more favorably than ordinary income for tax purposes. Caveats apply of course regarding all estimates being subject to change.

For what interest it holds,
David

Not about U S Markets,but the word PANIC has appeared
Time to panic over Brazil? • 4:18 PM From Seeking Alpha
“Brazil’s capital markets appear to be suffering from a sudden flight of capital," says Michael Shaoul, warning of a danger of "abrupt collapse in investor confidence ... Brazil should be watched closely in the days ahead."
The Bovespa slid another 1.75% today, but more alarmingly, the country's 10-year yield spread (vs. the U.S.) shot to its highest level since the summer of 2009.
This morning, Q3 GDP was reported to have contracted by 0.5%, worse than expectations. From Capital Economics: "Brazil is not particularly attractive to foreign firms ... Woefully low domestic savings mean that Brazil relies on attracting foreign capital in order to fund investment projects. But with the current account already in a significant deficit, there is little scope for running up an even larger external deficit to fund investment."
Off 1.3% today, the iShares MSCI Brazil Index ETF (EWZ) is down 20% YTD.
ETFs: EWZ, BRF, BZF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZU, FBZ, BRZS, DBBR
http://blogs.barrons.com/emergingmarketsdaily/2013/12/03/are-investors-fleeing-brazil-after-the-q3-gdp-contraction/?source=email_rt_mc_body&app=n
From Ted's Morgan Stanley Letter; Morgan Stanley's Adam Parker
MAKING THE CASE. So can the
market multiple continue to expand?
Three things need to be in place. First,
the dream of higher real interest rates
must remain intact. If investors believe
that the 10-year US Treasury yield can
move to the 3.0%-to-3.5% range
without a material change in inflation,
there is a precedent for a higher
multiple. Second, the Federal Reserve
will have to effectively communicate
that tapering securities purchases is not
tightening monetary policy. Finally, the
probability of the bear case in earnings,
now 20%, must not grow, even if the
base case remains mediocre. 
Oh, brother.
"When I was a whippersnapper in London, many years ago, a grayhair in the City (the financial district) warned me about this. “A bull market doesn’t peak,” he growled at me over lunch in an old, dark tavern, “till the last bear turns bullish.” That, he explained, was the moment of final capitulation — when the final doubters got on board.
After that happened, there was no one left to convert. Share prices then reflected widespread optimism — and the smart money got out. "
From Brett Arends's ROI Archives |
Oct. 29, 2013, 6:03 a.m. ED
From Seeking Alpha
Morgan's Parker unveils S&P 500 target of 2014 in 2014 • 11:31 AM 12/02/2012
Morgan Stanley's Adam Parker completes his turn from one of the Street's most bearish to its most bullish investment strategist with his S&P 500 2014 in 2014 target - an 11.5% advance from here. "The only thing people are worried about is that no one is worried about anything," he says ... "That isn't a real worry."
He's not discounting the chance of a "Pavlovian" sell-off amid taper banter, but says any spring dip as the taper commences will be a buying opportunity "unless our outlook for corporate earnings markedly deteriorates.”
"It isn’t preposterous to say that we could be in an environment of synchronous global economic expansion in 2014, and tapering or not, that isn’t fully in today’s prices.”
http://blogs.wsj.com/moneybeat/2013/12/02/morgan-stanleys-adam-parker-the-most-bullish-strategist-on-wall-street/?mod=yahoo_hs&source=email_rt_mc_body&app=n

It appears the fund paid a dividend at an annual rate around 1.445 % per annum and the fund's NAV increased another $0.08 which approximates a return at an annual rate of 9.458 %. That increased NAV includes mostly accrued interest and possible capital gains that eventually will be paid out to shareholders in cash or additional shares.All accrued interest and cap gains held by the fund are accounted for on a daily basis in the day's end NAV. So if you sell shares on any one day,you will recieve your pro-rated accrued interest/cap gains amount.Most bonds do not pay interest monthly.This makes it difficult for a new fund to "pay " a dividend at months end but that accrued interest is included in the rising NAV.
http://financial-dictionary.thefreedictionary.com/accrued+interest
A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, but not yet paid or received.
From M* 12/02/2013
In October, RiverPark launched its second fixed income fund, the RiverPark Strategic Income Fund (RSIVX - Retail; RSIIX - Institutional), which seeks to deliver high current income and capital appreciation, consistent with conservation of capital. The RiverPark Strategic Income Fund, which takes a “go anywhere” approach, will also seek to remain nimble and because of its small size believes it can purchase securities with above market yields with limited risk if held to maturity.
In its first two months, the fund has gathered $88 million in assets through November 29, 2013, mostly from RiverPark Short Term High Yield fund shareholders. Both the Strategic Income and Short Term High Yield funds are managed by David Sherman of Cohanzick Management.
December Conference Call: David Sherman, RiverPark Strategic Income
We’d be delighted if you’d join us on Monday, December 9th, for a conversation with David Sherman of Cohanzick Asset Management and Morty Schaja, president of the RiverPark funds

A Seeking Alpha Article with Mutual Fund Recommendations for more Diversification
Courtesy of Montecito Capital Management (M C M) The firm's clients hold positions in many of the securities/funds referenced.
CORE PORTFOLIO* (70% Portfolio) ETFs/
Mutual Funds
Mutual Hedge Funds (L/S) (QEH)/ MFLDX, DIAMX
Alternative Asset (MNA)/ GATEX, GTSOX
Domestic/Int'l Equity (Large Weighting) (CVY)(SDY)/ GHUAX, ICMBX
Multiple Strategy (Large Weighting) (GYLD)/ GRSPX, PRPFX
US Fixed Income (Moderate Weighting) (BSV)(BKLN)/ AVEFX, PYTRX
Emerging Market Debt (VWOB) (PFEM)/ PYEWX
Global/Int'l Debt (BWZ)/ HABDX
SATELLITE PORTFOLIO (30% Portfolio) ETFs/ Mutual Funds
Preferred Shares (PFF)/ CPXAX
High Yield (HYLD) (NSL)/ MWHYX, SFHYX
Convertible Bonds (CWB)/ VCVSX, PCVDX
Hard Assets (REIT,MLP, Commodity, Metals) (SCHH) (AMLP)/ GHAAX, EGLAX
S-Term Trade (F/X, Energy, Volatility)
(XOP)/ MERKX
*All Mutual Funds are Load Waived within our Charles Schwab
http://seekingalpha.com/article/1872341-portfolio-diversification-traditional-alternative-core-with-satellite-tactical-allocations?source=feed