DODIX
DODGE & COX INCOME FUND DODGE & COX INCOME FUND
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> The Swedes selling $7 billion is another story, that's about .03% of total outstanding Treasuries. $7 billion is large in absolute amounts, but it's relatively tiny. for perspective the 401k for my wife's old job held DODIX, an OK actively-managed short-intermediate bond fund. DODIX has AUM over US$100 billion.
And minus the .41 fee DODIX is in the top 10% of its peer bond funds in performance in each of the last 3, 6 and 10 years. Rain on somebody else’s parade please.
You felt the urge to save 30bps but want to allocate to DODIX and spend 41bps and then ask for advice on the internet?
I would personally try to get 2 years of max-out-of-pocket into DODIX, then go 100% into VFIAX. This way you'll be able to cover emergencies even if there is a major market crash. You could go 100% DODIX first to fill up your emergency investment, and once you reach your goal, switch to 100% VFIAX. Or go 50/50 until you have your emergency fund and then switch to VFIAX only. I assume you keep the minimum threshold in cash and invest as much as possible. Longer term, try to never use any of your HSA money but keep your HSA eligible receipts. You can reimburse yourself later in life when your HSA grows faster than your max-out-of-pocket.
34.10% BAFWX 33.02% FBGRX 32.06% FXAIX And then there’s less then 1% each of DODIX, OAKIX, ARTMX, VMVAX I only just started to making contributions to the last 4 funds since August. I can also break it down by asset classes: 95.94% Domestic Stock 2.03% foreign stock .98% other .57% short term .48% bonds I’m worried about over-exposure to domestic stock so I started making small contributions into foreign stock and bonds. I didn’t want to rebalance my existing holdings to match future contributions just yet. I don’t know if I will or if I should.
I'm not in SGOV or TBIL. I'm in VBTIX and DODIX treasury mutual funds.
How do you lose money on bond funds and improve the overall retirement funds? What I’ve gained in dividends does not begin to pay what I’ve lost on the bond funds. I have thought many times about pulling my money out of them but hate to eat the loss and mostly scared I’d be doing something stupid. I have JMSIX and DODIX.
Are DODIX and JMSIX the high expense ratio items? sorry to ask such an elementary Q. I’ll look at the reds again. The last week has turned some to a lighter shade of red, maybe. PGX, SCZ, VEA, and VWO are the biggest losers.
Part 1 - You were absolutely right to fire them. They put you in high expense ratio income/bond funds (DODIX, JMSIX) and while while honestly, I *don't* fault any self-managing investor for sticking with a bond fund, but if someone's going around calling themselves a wealth advisor and failed to take note of the Fed's expected/declared position on rate hikes or the risk of rising rates, then yeah, sorry, that person needs to be fired. They have also put you in unnecessarily complicated positions, as well as unnecessary duplications, e.g. why VWO and VEA instead of VXUS? why then slap on another international fund in FNDF? all this is just to bamboozle you into thinking they know what they're doing. Credit where it's due -- it was reasonable enough to diversify you away from US tech with non-tech tilts, small caps, international diversification, etc. However, it can be disappointing if these tilts underperform, so I think you ought to decide which of these tilts you have true conviction in before deciding on your new asset allocation. Part 2 -- what to do now? Turning off reinvestments -- absolutely. I would actually recommend selling most of these for tax loss harvesting if applicable and buying something else, simplifying the portfolio overall. If it is tax-advantaged anyways, all the more reason to redo your portfolio to your liking. Unfortunately not enough info here to say what I'd do with the portfolio in your position. I would note that I'm less concerned about whether the equities are in tech or international or small cap or fundamentals or whatever, and more whether your overall equity % is suitable for you. CDs are a perfectly reasonable choice for the fixed income part of your assets.
I would buy 20k in DODIX and have a solid 30,000
> if I would want to invest in something that is volatile and doesn't guarantee I get my money back at the end but is diversified then why wouldn't I buy a stock etf instead? because bonds beat the overall US stock market from 2000 to 2020. https://www.nytimes.com/2020/05/01/business/bonds-beat-stocks-over-20-years.html bonds also beat the US market from 1929-1943 and from 1966-1982. 2022 is an unusually bad year for bonds and bond funds. more typically they're a lot more robust. the 401k at my wife's old job had the Dodge & Cox income fund DODIX. short-term bonds. founded in 1989, it lost money only 6 years, and only 2 of those years did it drop more than 1%. when the market crashed 2 years in a row 2000-2002, DODIX gained over 10% each of those years. https://finance.yahoo.com/quote/DODIX/performance?p=DODIX
> I'm talking about safe index funds the S&P 500 crashed almost 40% in 2008. it's not 'safe'. if you want safe, buy 1 year treasuries or something like DODIX.