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Old 09-14-2021, 08:48 PM   #61
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Originally Posted by gooddog View Post
-ERD50


A preferred ETF like PSK is good in times like these. Make more sense now?
No. Not at all.

Go to this link, set the slider to "one year", and then move it around. PSK almost always trails a 60/40 blend fund in total return.

https://stockcharts.com/freecharts/perf.php?FBALX,PSK

If you have a crystal ball, you could probably find some single stock that will outperform that blend by miles. But lacking that, PSK looks like a very poor bet.

-ERD50
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Old 09-14-2021, 09:02 PM   #62
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Join Date: Aug 2013
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Originally Posted by ERD50 View Post
No. Not at all.

Go to this link, set the slider to "one year", and then move it around. PSK almost always trails a 60/40 blend fund in total return.

https://stockcharts.com/freecharts/perf.php?FBALX,PSK

If you have a crystal ball, you could probably find some single stock that will outperform that blend by miles. But lacking that, PSK looks like a very poor bet.

-ERD50



You are no doubt right, judging by my track record.
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Old 09-15-2021, 02:15 PM   #63
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Originally Posted by Aerides View Post
If they really have no background in self-investing, I'd recommend they spend a good few hour with a fiduciary to set up a plan that matches their risk appetite and needs.

That should probably include a fair sized chunk in low cost index funds, but whether that's 30% or 60% is the detail that is going to be based on their overall detailed financial position.

Or if they do go with an FA, then do so with the idea that it's a temporary solution so they aren't paying AUM fees for the long term. For that I'd say they should go to the nearest Fidelity office.
I second this person's post.
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