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Been moving some funds that have been sitting in a MM fund for a bit into LT & Extended Duration Treasuries (PRULX & EDV). Obvious play on future interest rate reductions by the Fed rather than adding additional exposure to the stock market.…
According to TRP website, TCAF has reached $1 Billion in assets.
Would be Interesting to know how much of this money moved from other TRP funds and how much of it is new to TRP.
A number of years ago Giroux recommended a fellow TRP fund for folks who could not access PRWCX, and it was TRP Dividend Growth Fund PRDGX. It carries a much lower dividend rate than SCHD and is more focused on dividend growers and capital appreciat…
The unnamed NVDA end user customer that accounts for 19% of sales info came from Friday's WSJ front page article. Here is a part of that article by Gunjan Banerji.
"Nvidia’s boom is largely dependent on a handful of those companies. Nvidia disclo…
@stillers
Those of us who are regular investors have often heard investment professionals state that market volatility presents investment opportunities, and over the course of the past couple weeks you are a perfect example of this, being able to …
So far this week I've bought and redeemed mutual funds, bought an ETF for the first time via TRP brokerage and bought shares of common stock via TRP brokerage, all from the TRP website without a single issue.
Just placed a purchase order for Wedne…
Initiated a position in TCAF in our taxable account today, first ETF I've ever purchased.
Added to our Mastercard (MA) stock yesterday, have owned and been adding to it here and there in our taxable account since the summer of 2020 and second hal…
No funds were up, but nice day to initiate a position in TCAF in our taxable account.
Our Mastercard (MA) stock was up though. First bought in summer of 2020.
As a person who has largely invested through open end mutual funds for 40 years with only holding a handful of individual stocks during that time, when I am researching mutual funds I am used to "total return" figures from mutual fund companies and …
Curious myself, so here goes. Since TRAIX and PRCFX make up 95% of our portfolio I'll just list the Mag 7 percentage from M* as of 12/31/23 for TRAIX, which while not perfect, will be pretty close.
EDIT: I was able to come up with more accurate fi…
Pulled this off the Marshfield website. https://www.marshfieldinc.com/
Marshfield is owned by its eight principals who have an average tenure of 23 years. Each principal must invest in the same stocks that Marshfield buys for its clients and may ow…
Before we happened into PRWCX toward the end of 2006, we were invested directly through 8 funds and 4 different fund companies which covered LCG, LCV, SCG, SCV, real-estate and a couple bond funds. I knew nothing about DG at the time other than he a…
@hank
Since we've moved cash we had parked in a MM and a couple bond funds to TRP Cap App & Income (PRCFX), we are back to 95% with DG. 17 years and counting. Whenever I've moved some dollars away from DG through the years it has always cost me…
@yogibearbull
That's what concerns me for a good friend who is 50 years old (married) and has a retirement portfolio of a million already. He hopes to retire at 52 and is planning to be 100% invested in the SP500 until death. He scoffs at the 4% ru…
The fund prospectus is available on the TRP website. Here's a link.
https://prospectus-express.broadridge.com/m_summary.asp?doctype=pros&clientid=trowepll&fundid=77954M402
Placed orders to establish initial positions in the fund in a number of our accounts we hold directly with TRP.
I may end up using PRCFX and TRAIX/PRWCX in a similar way that others use Vanguard Wellington and Wellesley to maintain a more conserva…
@Ben
There may be more, but I'm only familiar with a couple other small/midcap balanced funds including Greenspring (GRSPX), Intrepid Capital (ICMBX) and Villere Balanced (VILLX).
DGIFX shines in comparison to this list.
@hank
Per TRP website PRWCX/TRAIX 2.68% cash as of 9/30/23. Giroux recently stated that the fund currently has its highest bond allocation since he became manager----domestic bonds at 30.96% and foreign bonds at 1.32%.
I'm expecting a pretty good …
If FR/BL are so bullish, why have PRFRX and FFRHX been in redemption for probably 1 1/2 years?
Just read in Wednesday's WSJ that individual investors have pulled $13 billion from FR/BL mutual funds and ETF's this year. Are they the "smart money" o…
The fund continues to hold a significant investment in bank loans, 11.2%, 7.9% in Treasury Notes, 9.4% in corporate bonds and 7.9% in a money market fund.
This is interesting given that the aforementioned fund companies (Fidelity and TRP) allow some of their fund managers to hold more than 5% positions in companies.
As an example for a couple of widely held funds from these investment shops;
Fideli…
@Ben
I'm not yet retired, just turned 60, so my situation is a bit different than yours. I, like you enjoy managing our finances and my wife is happy to be hands off though at times I wish she showed more interest. That is largely why 12 years ago …
@Roy, think you are doing the right thing by reduce equity risk as you approach retirement. Five years out is not far away. Shifting more to balanced/allocation funds is another way to increase bond allocation. My high yield and bank loan funds ha…
Recently reduced our equity exposure by ~6-7% and placed those funds into MM and bond funds. Probably within 5 years of beginning portfolio withdrawals and trying to find a personal comfort zone with volatility as we are in a good position for retir…
I haven't opened a position in TCAF as of yet, though I had fully intended to. Doesn't mean I won't, but with us coming to within 5 years or less until retirement I find myself not wanting to add to risk assets and am considering adding to our fixed…
Though not a traditional 60/40 fund, returns for PRWCX are:
YTD 10.49, 1 YR 16.16, 3 YR 10.32, 5 YR 10.56, 10 YR 10.79
Returns for VBINX, a traditional 60/40 index fund are:
YTD 9.81, 1 YR 12.70, 3 YR 6.12, 5 YR 6.84, 10 YR 7.77
Compared to SP …
Curious, as I'm not as knowledgeable in the least bit on bonds as many of you are-with our large allocation to TRAIX/PRWCX and the significant holdings for a number of years of the fund in bank loan/floating rate bonds, how do these bonds typically …
From my May 13 post...yep, even a simpleton called this one correctly. But, y'all made for some entertaining reading.
https://www.mutualfundobserver.com/discuss/discussion/comment/163364/#Comment_163364
"Maybe I'm too much of a simpleton but, …
@JD_co
You could be absolutely right regarding a relief rally upon an agreement.
Biden, McCarthy and McConnell all making comments directly or alluding to the fact that a default is off the table. Actually, it doesn't seem as though the stock mar…
Maybe I'm too much of a simpleton but, here it is.....
THERE WILL BE NO DEFAULT.
Default is being used as a negotiating tool...goes without saying really as you all are very intelligent and already know that. No one on either side really desires …
"Each month of 2023 has seen (microscopic) inflows."
Must be our monthly contributions! ;)
You guys are making progress, we are sitting at 88.4% in TRAIX/PRWCX.
