Instead of PIMIX or PYLD(both are similar), look at RCTIX.
One year chart(https://schrts.co/JRNGpRmT)
3 year chart(https://schrts.co/RfSCENuJ)
The above is not a recommendation or a guarantee; do your own due diligence.
I sold PIMIX in 01/2018 after I invested over 50% of my money in it for years.

I do own PIMIX, PYLD and some Pimco CEFs.
I don't fully understand Pimco's black-box, but based on its existence and superior record for YEARS, I make an exception.
But I don't make such exceptions lightly. In general, I stay away from funds that rely heavily on options/futures/derivatives.
I suppose this falls in the categories of not fully knowing what my car mechanic does, or what my spine surgeon does. I just pretend to "understand" those broadly.

@Hank. Since we are looking at Pimco Funds asset allocation please check out the popular PIMIX. As The Who said so many years ago,,,,, Can’t Explain.

Hi PopTart Nice to see you here again. The below chart is for 5 years, for PSTL, O and PFE. Stockcharts still provides Total annualized returns which includes all distributions; to the best of my knowledge. I find similar performance at M*, which I recall is ONLY NAV returns.
I request that those familiar with these holdings, as several of you also use various charts, to let us know whether they agree with my statement; as I don't want to misguide anyone with data.
SO, @yogibearbull, @Mark , @msf et al. Does anyone find improper results shown at the chart for the 5 year period. The chart includes the COVID period.
5 year chart
Now, the dangerous part. I recall you and your parents have accounts with Fido. Also, whether your parent's account(s) are taxable or not may have some bearing upon choices.
One could use a real simple FBALX and something like Fido's FBND (total bond) with a 50/50 mix. FBALX may be presumed to be about a 70/30 mix and of course FBND being all bonds.
FBALX has an indicated yield of about 1.8% and FBND at a 30 day yield of 5.2%, with 61% at AAA bonds.
FBALX will be subject to draw down with any type of 'melt', but so will most other equity.
Bonds at this point are a form of insurance, not unlike auto or home insurance (want it when you need it). There isn't a hell of a lot right now for making serious money in bonds, especially after taxes (this doesn't apply to traders). But, bonds will likely smile more in the future; as I think yields will come down again; which will provide price increases.
REAL WORLD EXAMPLE of keeping simple can be okay.
We've managed a 529 account since 2006. We set our own investments, being a Vanguard total return domestic equity and Vanguard total return domestic bond indexes at 50/50. The portfolio automatically resets to 50/50 each September. Each index holds several thousand issues. And of course, both holdings traveled through the 2008 and Covid melt periods without portfolio index changes.
LONG TERM results: 15 year, combined, all distributions re-invested, annualized returns = 8.35%
YTD, as of last Saturday = 6.74%
Well, anyway just some jabber for this thread.
WARNING: errors, spelling and omissions. I'm using a head cold product that may cause one to be a bit out of sorts :).
Remain curious,
Catch

Huh. Thanks -- I did not know that .. hadn't looked at REIT taxations in recent years since I generally just avoided them.

The only REIT I like (but don't own yet) is CDP because of its unique client base and facility requirements. (I've been in many of their buildings over the years for work). Getty is another one I've considered as well.
I've held off buying them (and other things b/c other than interest on cash in SGOV, I don't really want more income being taxed at my marginal rate these days -- so I tend to stick with qualified dividends and/or MLP distros.

I owned PSTL for perhaps 2 years and finally dumped it at a loss. It might be the most unloved REIT in the Market. It's gone nowhere. Actually, it's been a loser the whole time I owned shares. David Sherman does not like REITS, for a good reason. It's been mentioned here at MFO before.

I have gone with VONG intermittently over the last 20 years, trying to do a little timing, and had some luck
fwiw

@MikeM
A bit over five years ago. He was a one man investment firm. I am sure he charged the usual 1.25% of assets or so and may have still used mutual funds with sig fees

”He was a nice enough guy but I didn't see why my investment dollars had to pay for the frequent all expense paid luxury trips he was always going on to American Fund events.”
About 15-20 years ago I followed a fella off a plane at Key West airport. Dressed to kill & carrying a briefcase labeled “T. Rowe Price” with a blinking red or green light on it. Looked like it was getting ready to blow. And the attire was definitely out of sync with the atmosphere & climate there … :)

Really tough right now. Middle of the road income funds haven’t produced this year the way I would have expected. I hold FKIQX and CVSIX for income. Neither is “shooting the lights out.”
Hard to believe the mess RPSIX (mentioned by @PopTart) has become in recent years. TRP seems to have somehow shot that one in the leg. A couple etfs worth a look are PYLD / BINC. Probably decent longer term holds. Trying to generate income via CEFs can be very productive but has a “wild west” feel to it. 20-25% losses in 2022 were common even for those CEFs that profess to be income oriented.
No recommendations. But you’ve remind me of the time I tried to motivate my parents to invest in a money market fund back when they paid 20%. I seeded the account with $500. But they fled in a month or so. Grew up in the Depression. Only trusted the local bank.

David
Since you will be meeting with M* folks in person, please tell them how valuable this individual investor finds the OLD portfolio manger. I have been using it for years and find it much better than the new version in "Investor".
The latter does not allow importing a spreadsheet and only has ten data columns and no summary on the Watch lists.

I waited too long and I'm a bit lazy. I like the companies I'm with now so I'll let it ride until next year. I've read most claims stay on your record for 5 years so I'll wait until I'm out of the 5 year window. I have no problems changing to a good company. I stayed with one company for many many years until I realized we're just numbers to them.

I'd be curious what Choi from Parnassus has to say - I've always liked their Equity Income Fund despite the WFC issue some years ago. I bailed out a few years ago when the fund was getting more growthy than I wanted. (Would be nice if they made an ETF of PRBLX/PRILX.) Maybe see how they're doing post their assimilation by AMG?
Interestingly, the Centre Global Infrastructure reads a *lot* like my Schwab income portfolio, though it's doing better and without the 1.57 ER, so yay me.

Another day, another disclosure....
I saw the writing on the wall 15 years ago -- very glad I'm not in operational cybersecurity anymore!

Ouch, just got my insurance policies
auto +5%
home +28%
umbrella +3%
28%!!!! WTH!!! I did have a roofing claim a couple years ago. I had a local broker research all my policies about 5 years ago. Saved me about 1k/yr. I think next year it's time to review all policies again.

It's all a matter of allocating risk and how well you're compensated for taking on more risk.
If you get a long term, non-callable CD, you're assuming the risk that rates won't rise (opportunity cost) while receiving a guarantee that your return won't fall. The bank is taking the opposite side of that wager - that rates won't fall (bank's opportunity cost) while receiving a guarantee that it has the use of your money for years even if rates rise.
If you get a long term, callable CD, you're hoping that rates remain fairly stable. You're assuming the risks that: (a) rates won't fall more than a little (or you'll lose your long term CD), and (b) rates won't rise more than a little (else that little rate premium won't make up for the higher rates (opportunity cost) you could have gotten after a shorter CD matured.
The higher return on the callable CD is primarily to compensate you for assuming the risk that rates will fall and you'll lose your locked-in rate. The risk of being locked in as rates rise is the same for callable and non-callable CDs.

These are TDF ETFs (bond portfolios) with the option at target-dates (around 80) to change into CEFs (to be launched in future with term-structure & liquidation in 20 years) or remain in the ETF.
https://www.sec.gov/Archives/edgar/data/1559992/000119312524164330/d822834d485apos.htm
https://www.stoneridgefunds.com/
https://x.com/ETFhearsay/status/1805011351401558498
Edit/Add: 2 problems - 1) Long-term income from bond/Treasuries-only portfolio, 2) end-stage option with CEFs may not be popular and those may not even be launched on/after 2048. So, it's a very conditional product that may keep investors in bond-only portfolio for life. It does have catchy "Longevity" in its name.

Charlie On The MTA. Yes, indeed. Apparently, the astronauts are safe for the time being inside the ISS.
To paraphrase "Crash" Davis in Bull Durham: "Boeing couldn't hit water if they fell out of a f*****g boat."
This is a dreadful state of affairs. I remember Apollo 13. THOSE boys responded to a huge problem and got the space-guys back home. Quality control EVERYWHERE has fallen into the toilet. On the earlier missions, was it all NASA guys who manufactured the parts and pieces? Seems to me we can't AFFORD to have the whole thing done in-house anymore, due to enormous deficit spending. Thus, oversight and quality control just suck. Like the food at school, my first two years in Spokane.

Good interview, thx.
As someone who has had a very large holding in Capital Group funds for nearly 20 years, I've been very pleased with them.