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Third Son

moneyman11 wrote: ↑Fri Mar 20, 2020 11:59 am This had the potential to be an interesting thread, but the last two comments are just gonna get it locked.

Why is that?

Third Son

Good morning, Most BHs believe that bonds are a necessary part of a balanced portfolio. I hear about how they can be regarded as fixed income assets in retirement. How exactly does that work? If the more knowledgeable experts here could unpack the concepts to those of us (like me) who are less than ...

Third Son

I agree with and practice the principle of keeping your corporate risk confined to the equity side of the portfolio. My only bond holding is FNBGX which is up 9% YTD. What is that bond fund's duration? I couldn't find it on Fidelity's website. When I'm looking up a ticker I just Google it. Then you...

Third Son

I am awaiting a lump sum payout in the coming weeks. This decision was made after considering that the crossover point of fixed annuity vs payout was 16.6 years. I thought it was a no brainer. The annuity offered had no COLA built into it which made my decision easier. It comforts me to know that I ...

Third Son

I agree with and practice the principle of keeping your corporate risk confined to the equity side of the portfolio. My only bond holding is FNBGX which is up 9% YTD. What is that bond fund's duration? I couldn't find it on Fidelity's website. Under the "composition" tab: Duration - 18.66...

Third Son

Swivelguy wrote: ↑Thu Mar 19, 2020 1:25 pm I agree with and practice the principle of keeping your corporate risk confined to the equity side of the portfolio. My only bond holding is FNBGX which is up 9% YTD.

What is that bond fund's duration? I couldn't find it on Fidelity's website.

Third Son

Bill, you saved my bacon, thank you for your wisdom. best, Curious when you and other posters here are thanking Bill Bernstein and others, whether you had completely gotten 100% out of stocks or just significantly reduced your allocation at this point after having enough?" I retired on Februar...

Third Son

Two... And a small chunk in REITS that I won't touch for a number of years.

Third Son

ribeyesteaks wrote: ↑Thu Mar 19, 2020 2:09 pm How are people feeling now? What if the S&P drops to 1600 or lower?

Still at 40/60 and still retired. I feel fine.

Third Son

Novice10 wrote: ↑Wed Mar 18, 2020 11:10 am First time poster
Simple question
If the market for sure is falling for at least a few weeks why not sell now and by 2 to 3 weeks from now go back in, even if the market has not bottomed out you are still ahead?

Then you would be contributing to the market dropping, wouldn't you?

Third Son

I retired on the last day of February so I picked a bad time to test my AA and my stamina. Fortunately my AA is pretty decent with 40/60 split and a large lump sum pension coming in a few weeks. I also have 2 years of cash savings to ride out some of this drop. Losing large chunks of value in equiti...

Third Son

nvm...not worth it.

Third Son

For every person who is hoping for a huge correction to the market, is another one who is presently or in the midst of retiring. Just remember that when it becomes your problem you will not be so excited. Posting excitement threads in down markets is bad form. There is at least a half a dozen poster...

Third Son

This question indicates you are not comfortable with the stock to bond ratio of your portfolio. If you do anything at all, you could lower the stock to bond ratio AND LEAVE IT THERE. Your stock to bond ratio (your AA) should be something you can be comfortable with during the good times and the bad...

Third Son

SPAXX is designed to be your core position within Fidelity. I seriously doubt that it will go below a buck.

Third Son

This is my first real volatility experience with significant amounts of investable assets. And I think I've managed to gauge my risk tolerance just right. And interesting too, because it seems like the downturn this time around was very quick by historical standards. In retrospect, I bought too ear...

Third Son

I have been investing since 1983 and have seen my share of volatility. I was too busy raising my family to be concerned. I just kept saving and raising my contributions as I went through life. Now in retirement with my allocation at 40/60 I am still a bit uncomfortable but OK. What are my options? T...

Third Son

First thing China needs to do is get the wet markets out of their economy.

Third Son

ruralavalon wrote: ↑Sun Mar 08, 2020 9:18 am
Third Son wrote: ↑Sun Mar 08, 2020 4:54 am Up 0.94%. 42/68%
With a 110% portfolio, should be doing better .

Nice catch

Third Son

Congratulations on making to the move to Vanguard. Have all of your interactions with Vanguard. When the process is done, you can send a brief note to your EJ person saying that you’ve moved your assets, and offering your thanks to that person. (You may not feel that EJ has served you well, but it’...

Third Son

Up 0.94%. 42/58%

Third Son

Seriously thinking about loading up in the next few months and ending my annual allotment earlier in 2020. Anyone else doing this? Market timing? Market timing gets so overused on these forums. Taking advantage of down markets when cash infusion is possible is not market timing. The market is reall...

Third Son

Of course it's possible. The opposite is also possible, along with somewhere in the middle. I could say more but my crystal ball is in the shop. They were supposed to return it to me a year ago, but they're waiting for an OEM part that was delayed due to unforeseen circumstances. PJW I saw your cry...

Third Son

Thanks for the feedback. A few comments. I understand your concern, and I suppose I share it. However, I'm not ready to act. Since I plan on being an investor in both stocks and bonds for another 30 years or more, the problem is: When would you get back in to bonds? If you can say when you'd get ba...

Third Son

I am paperless but look at my balances daily. I don't do anything about it but find it interesting how markets react to the gloom and doom of the day. There is really nothing actionable for me to do so I just watch from the bleachers.

Third Son

How is a 10% drawdown on a 25% stock allocation "decimated "? You might want to check your maths. Decimated in terms of total $$s lost "on paper". The bigger issue to me is that I fear we're looking at a potential 50+% drawdown. CV-19 is going to torpedo the economy like nothing...

Third Son

Rates have been near zero before. What did you do during 2008-2015? I am asking sincerely. I assume that you were working and didn't think about it too much.

Third Son

I really believe that sequence of returns risk is an issue if the retiree adheres to a set amount of spending and is not flexible when the market tanks. Having raised four children on one income has shown me that we can live on a lot less than we "make" in retirement. Having zero debt is a...

Third Son

Futures are absolutely getting HAMMERED this AM. Down over 800 (!!) just a few minutes ago. Have "recovered" to "only" down 749 :( Man, I picked a really bad time to retire..but at least I don't have to be getting on any airplanes for work travel, so there's that.. I just retire...

Third Son

My experience with Fidelity is that they try to gently push their products but cease to do so if you request. Just say no

. I find their approach very non invasive.

Third Son

Now would be as good a time as any. Age? Years to retirement? Any fixed income requirements? Fidelity equivalent is FXKAX....but not advising you what to do. Thanks! Low 40s, probably 2-5 years from retirement. Figuring on ~$130,000/year in retirement, should have ~$5.5mil invested Nice...you have ...

Third Son

pesos wrote: ↑Thu Mar 05, 2020 4:12 pm sitting on a LOT of cash right now and not sure when to get in!
just vtsax it all? fidelity equivalent?

Now would be as good a time as any. Age? Years to retirement? Any fixed income requirements?

Fidelity equivalent is FXKAX....but not advising you what to do.

Third Son

While rolling over my wife's employer 401k to a traditional rollover IRA, we were in a cash position on Monday when the S&P went up about 5%. We sold at the Friday end of day price and then reinvested into similar assets on Monday end of day. My wife thinks that that we really lost about $23K +...

Third Son

You still have the luxury of time and can probably weather most storms at your age. As you get older your stamina may weaken.

Third Son

That’s pretty much all due to the fact that rates have gone down so significantly. There’s not much room for rates to go down from here with the 10 year at about 1%, so you’re locking in virtually no yield and have almost no price appreciation upside from rates going down, but plenty of room for ra...

Third Son

I was wondering why it's better to "buy when shares are on sale". Then I tried doing some math last night. I wondered if having $1000 (of say Total Market Index) total from 40 shares is any better than $1000 total from 10 shares. I mean I would think that owning 40 share would be better t...

Third Son

OP, sorry we're all jumping on you... Maybe you're talking shares? If you buy $1000 of VOO at 250 a share, you have 4 shares. If it drops $500 in value, you still have 4 shares (but only worth 125 a share now). If you then invest another $500, you now have 8 shares (worth 125 a share) As you keep b...

Third Son

Stock.....

Third Son

This thread needs to be locked for archival purposes. Clearly it has run its course.

Third Son

A better question is how does anyone get comfortable buying bonds right now? Seems a whole lot scarier than buying equities. BND has a yield around 2% - that is akin to paying 50x earnings for a product that can't grow its earnings. The stock market is trading at 18.9x 2020 earnings assuming no gro...

Third Son

You are talking about $7K difference in value. What happens when you accumulate substantially more and some down years happen? Who will be more ahead then? You or your adviser? Where is the adviser charge in your data? What funds are represented by the numbers above? Stocks? Mutual funds? What is t...

Third Son

You are talking about $7K difference in value. What happens when you accumulate substantially more and some down years happen? Who will be more ahead then? You or your adviser? Where is the adviser charge in your data? What funds are represented by the numbers above? Stocks? Mutual funds? What is t...

Third Son

You are talking about $7K difference in value. What happens when you accumulate substantially more and some down years happen? Who will be more ahead then? You or your adviser? Where is the adviser charge in your data? What funds are represented by the numbers above? Stocks? Mutual funds? What is th...

Third Son

I am sure Schrödinger has something to do with this.

Third Son

A better question is how does anyone get comfortable buying bonds right now? Seems a whole lot scarier than buying equities. BND has a yield around 2% - that is akin to paying 50x earnings for a product that can't grow its earnings. The stock market is trading at 18.9x 2020 earnings assuming no gro...

Third Son

I don't ignore the noise, I welcome it as a "buy" signal (in addition to the monthly/annual contributions already being made) "BE GREEDY WHEN OTHERS ARE FEARFUL ... AND FEARFUL WHEN OTHERS ARE GREEDY" -Mr. Buffet So, did you follow Buffet's advice today and sell stocks to buy bo...

Third Son

No......

Third Son

A better question is how does anyone get comfortable buying bonds right now? Seems a whole lot scarier than buying equities. BND has a yield around 2% - that is akin to paying 50x earnings for a product that can't grow its earnings. The stock market is trading at 18.9x 2020 earnings assuming no gro...

Third Son

This is a good article to read... ala Rick Ferri. Note chart 2

https://www.etf.com/sections/index-inve ... nopaging=1

Third Son

This is a good article to read... Ala Rick Ferri

https://www.etf.com/sections/index-inve ... nopaging=1

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