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Roy

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Roy
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  • 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 …
  • Praying for you and your family, Yogi.
  • @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 …
  • @larryB Correct, not a done deal until it is signed...but, there will not be a default.
  • 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 …
    in In case of DEFAULT Comment by Roy May 13
  • "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.
  • Just a thought, the lead manager of ARTGX was a long-time portfolio manager of ARTKX before Artisan split up the team between the 2 funds.
  • Currently, TRP ETF's have not garnered much in AUM. Blue Chip Growth and Dividend Growth each have +$300M and Equity Income +$100M. Otherwise, mainly $20M or so per fund. TCAF could be a winner for them?
  • Sorry, I did not notice the original link. I was wondering if this link would be open as we have a free subscription to Investor through TRP.
  • Here is a link to the full article for the above quote. https://investor.morningstar.com/articles/1147944
  • Regarding Giroux's ability to pick stocks, the following was part of the recent annual report dated 12/31/2022. "In addition, our equities outperformed the S&P500 by 167 basis points (-16.44% versus -18.11%) in 2022. Over the last 3-, 5-, and1…
  • Our local bank is still only paying .01 on our checking account, so we only keep a few thousand there as we can quickly transfer cash from PRTXX if needed.
  • @Crash We've been in PRWCX/TRAIX since 2006. Whenever I've strayed and cheated on David, it has just ended up costing us money.
  • Preparing to make our monthly contribution to David Giroux"s retirement fund, I mean TRAIX. ;)
  • An additional possible contributing factor to TRBCX redemptions is that long-time manager Larry Puglia retired a little over a year ago. Fund is now managed by Paul Greene.
  • Started adding to our Roth IRAs today, of course into TRAIX/PRWCX. Cash from my wife's inheritance is sitting in a MMF, no hurry to put to work with interest at a bit over 4% currently. Trying to decide if we will keep TRP Floating Rate Fund PRF…
  • @rforno I'm curious about the size of your PRWCX holding, if you don't mind sharing? I'm already up to 36% of total. Okay, you guys are making progress, but I know you can do better. We are at 88% PRWCX/TRAIX. Had been even higher, but wife had mor…
  • Agreed, wonderful addition to the group. Also, very thankful for everyone else who shares knowledge and information, I won't begin to name names because I will surely overlook names, so thank you all, you are appreciated.
    in Thanks YBB Comment by Roy November 2022
  • From @rforno, "I think Gemini will be one of the few folks that survive this stuff" My neighbor whom I mentioned earlier in this thread who works in the crypto universe stated last night that he believes crypto.com could be the next to fall. He t…
  • There is much I don't understand regarding crypto, therefor I don't invest/speculate in it. Over the last handful of years I have tried to educate myself about crypto a bit as my neighbor is a national sales manager for a company now owned by NCR wh…
  • Maybe SBF gave someone a master key to steal some funds for him while he was planning his escape to Argentina?
  • Now the WSJ is reporting that FTX is looking into a potential hack and more than $400 million worth of crypto funds appear to be missing. And the beat goes on in crypto land. Makes one think not a single honest person is involved in the business, on…
  • Read in the WSJ that only a month ago SBF stated at the Journal's Tech Live conference he was interested in buying "something" that would get more "mom and pop" traders on board. Guess he was seeing he needed to expand the pool of victims to keep hi…
  • I just noticed Giroux still owns GE. As of 10/31/22 GE is 2.35% of assets.
  • Hearing SBF lost 90+% of his worth today, that is a difficult day when you are only left with $1 billion.
  • New accounts for PRWCX can be opened if you hold a minimum $250,000 balance directly with TRP. That minimum balance can be spread across different funds, including brokerage accounts.
  • Which company replaced GE in the top ten? PerkinElmer (PKI) replaced GE as a top 10 holding.
  • I noticed on the TRP website for the portfolio of PRWCX dated 8/31/22 that GE is no longer listed as a top 10 holding. Don't know if this is due to trimming the position a bit or total elimination of it.
  • The following individuals are listed by Giroux at the end of his letter and unless I am mistaken, they are all dedicated staff to PRWCX (Mike Signore, Chen Tian, Nikhil Shah, Vivek Rajeswaran, Brian Solomon, and Jared Duda) in addition to all the TR…
  • @Crash "I believe David Giroux invests in this BL fund for his bond allocation." Per PRWCX/TRAIX Semi Annual Report dated 6/30/22. 1.6% of fund assets held in TRP Floating Rate Fund, Institutional share class. 13.3% of assets held directly in b…
  • If you are willing to hold a minimum of $250,000 directly with TRP, you can gain access to PRWCX via their Summit Program.