>> don't give me the standard bullshit line about how I should not be concerned about a single day's performance. PRWCX is my biggest holding. The rest of the Market zoomed up on Nov 1st. PRWCX was FLAT.
>> Um... WTF? I understand the fund is heavier into (defensive) utilities lately. I understand that a bit less than 25% of the portfolio is in bonds. I understand that the fund does write some shorts against its holdings. Fair Market Pricing? ORK? It simply sucks to see the fund lying FLAT on a day like today.
I don't imagine that anyone here can divine its inner workings much better than you, but a disinterested adviser, or even friend, might suggest that if a flat day with the market up bends you so sorely, maybe you should get into something else?

If there is any solace for your 1 day disappointment with this fund, maybe this will help. From Oct. 1st to Oct. 29th, the S&P 500 dropped 9.9%. PRWCX dropped about 1/2 of that, 5.5%. No BS!!! Shouldn't that matter more?

Um.... @MikeM: yes. It DOES matter more. Thanks for so rudely dismissing what I asked about.

Long ago when I was interested in this sort of behavior,
I found it helped to look at the movement in the top 10-20 positions of the portfolio.

If there is any solace for your 1 day disappointment with this fund, maybe this will help. From Oct. 1st to Oct. 29th, the S&P 500 dropped 9.9%. PRWCX dropped about 1/2 of that, 5.5%. No BS!!!
Shouldn't that matter more?

You are both infinitely wise.

If there is any solace for your 1 day disappointment with this fund, maybe this will help. From Oct. 1st to Oct. 29th, the S&P 500 dropped 9.9%. PRWCX dropped about 1/2 of that, 5.5%. No BS!!! Shouldn't that matter more?

Hi Crash, The fund has morphed over the years into pretty much a “go anywhere” fund. Pretty darn hard to “read” its daily behavior for that reason. I knew they played with derivatives. Wasn’t aware (as you claim) it shorts stocks - but it wouldn’t surprise me. One thought - Gold (and materials) had an uncharacteristically big day Thursday. So if the fund is shorting any of that stuff, it would have gotten dinged. Even if substantially “underweight” materials (but not shorting) it would have lagged some of the broader indexes. TRP has been bearish on the commodities / materials sectors for several years.
Compared to many other conservative equity / balanced funds, PRWCX is still having a respectable year. DODBX is positive but lags it. OAKBX and RPGAX are actually in the red.
PRWCX - Lipper Breakdown (From Reuters)
http://www.funds.reuters.wallst.com/US/funds/holdings.asp?YYY622_6sBkEkBoRVEDVUmnzYdySBuZTH3KwZb8EX/lL+8rQLfc70v/pOneMtJCmBtqvYsy
TOP 10 HOLDINGS % of Assets (Change vs 1Q Ago)
1 Keurig Dr Pepper Inc ORD
KDP
4.2%
(+11.0%)
2 T Rowe Price Government Money Fund
PRRXX.O
4.1%
3 Marsh & McLennan Companies Inc ORD
MMC
3.2%
(+2.1%)
4 Microsoft Corp ORD
MSFT.O
3.0%
(-1.5%)
5 Fiserv Inc ORD
FISV.O
2.9%
(-0.4%)
6 Becton Dickinson and Co ORD
BDX
2.9%
(-4.5%)
7 Danaher Corp ORD
DHR
2.7%
(-0.9%)
8 PerkinElmer Inc ORD
PKI
2.7%
(-5.5%)
9 Visa Inc ORD
V
2.5%
(+1.4%)
10 Fidelity National Information Services Inc ORD
FIS
2.4%
(+0.7%)
@Crash - Try drinking more Keurig Coffee & Dr Pepper. It might boost your return. :)

[Comment replaced - Snowball] "I am concerned about a single day's performance." PRWCX is my biggest holding. The rest of the Market zoomed up on Nov 1st. PRWCX was FLAT.
Um... WTF? I understand the fund is heavier into (defensive) utilities lately. I understand that a bit less than 25% of the portfolio is in bonds. I understand that the fund does write some shorts against its holdings. Fair Market Pricing? ORK? It simply sucks to see the fund lying FLAT on a day like today.

You've got the right idea, but the dividends don't make any difference.
Whether for RMD or for any other reason, one always wants to buy low and sell high. So if, say, you want to pull $4K out of an account, you'd rather do it when that account is worth $100K (4% drawdown) rather than when the value has dropped to $80K (5% drawdown).
Of course that's the theory. The reality is no one knows when the account will hit the high point for the year. (Though since investments tend to rise more than fall, later in the year seems to work out better on average.)
The dividends don't matter because they don't affect the value of the account. Whether you've got 10,000 shares at $10/share, or 12,500 shares at $8/share (after a distribtion of 2500 shares), the total value is the same. Either way, the RMD is in dollars, not shares.
QCDs are a nice way to take part of an RMD without paying taxes on the withdrawal. Especially now that it's gotten much harder to itemize deductions. It's great you're thinking about this - both for your taxes and for whoever gets the contributions.

Thanks -- I was going to check my local library tomorrow. I appreciate the info!

You may be able to access it free anywhere via the internet through your local library as I do. Here are the numbers if you are not able. All in millions. PRGTX AUM
2008-92
09-255
10-381
11-500
12-697
13-984
14-1626
15-2718
16-3153
17-5910
18YTD-4202

You may be able to access it free anywhere via the internet through your local library as I do. Here are the numbers if you are not able. All in millions. PRGTX AUM
2008-92
09-255
10-381
11-500
12-697
13-984
14-1626
15-2718
16-3153
17-5910
18YTD-4202

Thanks fundly. I let my M*Premium lapse last year given the ongoing issues there, but I know where I can find that data now. Thanks!

In Morningstar premium which I get free from our local library, in the fund page you are looking at, click on the Performance tab and the last 5-10 yrs of AUM will be listed low on the page. This will not show up in the free site. Hope this helps.

In Morningstar premium which I get free from our local library, in the fund page you are looking at, click on the Performance tab and the last 5-10 yrs of AUM will be listed low on the page. This will not show up in the free site. Hope this helps.

FYI: Outside investors may not be the only ones who have pulled money from Bill Gross’s bond fund.
The manager and his family’s personal stake in the Janus Henderson Global Unconstrained Bond Fund fell to about $566 million at the end of last month from $775 million a year earlier, a regulatory filing Monday shows. When accounting for the fund’s 6.3 percent loss, that suggests Gross may have withdrawn or transferred about $150 million of shares.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-29/gross-may-be-pulling-cash-from-his-unconstrained-fund-at-janus

FYI: Being too far ahead of your time is indistinguishable from being wrong.”
That’s what Howard Marks, chairman and co-founder of Oaktree Capital Group LLC, wrote in a memo to clients about 11 years ago. Around that same time in late 2007, banking analyst Meredith Whitney made a prescient negative call on Citigroup Inc. that exacerbated a market sell-off and, she said, prompted death threats. Perhaps emboldened by that experience, she made another headline-grabbing prediction in a December 2010 broadcast of CBS Corp.’s “60 Minutes” program: There would be “50 to 100 sizable defaults” in the U.S. municipal market in the coming year, totaling “hundreds of billions of dollars.”
Regards,
Ted
https://www.fa-mag.com/news/meredith-whitney-was-flat-out-wrong-about-municipal-bonds-41662.html?print
Meredith Whitney 60 Minutes Interview 12/19/2010:

FYI: RiverNorth Capital Management, LLC (“RiverNorth”), an investment management firm specializing in opportunistic strategies, announced the launch of the RiverNorth Opportunistic Municipal Income Fund, Inc. (the “Fund”), a new municipal bond focused closed-end fund. RiverNorth will act as the investment adviser to the Fund, and MacKay Shields, LLC ("MacKay Shields") will act as subadviser. The Fund was priced at $20.00 per share, and trading on the New York Stock Exchange began on October 26, 2018 under the symbol "RMI.”
Regards,
Ted
https://www.businesswire.com/news/home/20181030006050/en/RiverNorth-Launches-Opportunistic-Municipal-Income-Fund-MacKay

Now that I am beginning to collect October mutual fund income disbursements, within my portfolio, Old_Skeet put his buying britches on yesterday and did a little equity buying in EADIX which is a global equity fund that makes monthly income disbursements. Today, I plan to buy a little in my convertible securities fund (FISCX). And, tomorrow probally a little more buying in something (possibly FRINX) while the markets are in their throw back stage. All of these funds in some form or fashion generate income. Now being in retirement I am starting to rebalance my portfolio from a growth and income allocation towards an income and growth allocation. Some might ask ... What's the difference? Well, the income and growth allocation has a greater focus on income generation and usually carries a higher weighting in income generating securities over equity securities. For me this will be an allocation of somewhere around 20% cash, 40% fixed income & 40% equity. This means, for me, I'll have to reduce my equity allocation by 10% and raise my cash and my fixed income allocations by 5% each.

Still wait for div day tomorrow and payck fri.. Likely buy high yield bond MNK matures 2023 9%ytm
G5785G107

But 529s or coverdell esa's?

FYI: Stocks on Tuesday traded higher as comments from President Donald Trump gave investors some hope that the U.S. is ready to reach a deal to ease trade tensions with China, giving the market some much-needed relief.
The Dow Jones Industrial Average on Monday had staged an ugly reversal to end the session with a triple-digit loss, partly on the back of tariff worries amid fears about global growth and peak earning.
Trump said during an interview with Fox News he thought there could be an agreement with China on trade, but said he had billions of dollars worth of new tariffs ready to be imposed if a deal was not possible.
With results in from 277 of the companies in the S&P 500, profits are expected to increase 23% from a year earlier, according to FactSet. That marks one of the highest growth rates since 2011, but the results have done little to stabilize stock markets.
Regards,
Ted
Bloomberg Evening Breifing:
https://www.bloomberg.com/news/articles/2018-10-30/your-evening-briefing
Bloomberg:
https://www.bloomberg.com/news/articles/2018-10-29/asia-stocks-set-to-drop-on-fresh-trade-strife-markets-wrap?srnd=premium
WSJ:
https://www.wsj.com/articles/global-stocks-pause-after-shaky-start-to-the-week-1540889042
MarketWatch:
https://www.marketwatch.com/story/dow-poised-for-slight-bounce-after-mondays-gut-wrenching-reversal-2018-10-30/print
IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-today-jumps-432-points/
Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-moves-higher-as-chip-stocks-rebound-idUSKCN1N41IS?il=0
CNBC:
https://www.cnbc.com/2018/10/30/stock-markets-dow-futures-point-to-triple-digit-gains-amid-earnings.html
U.K.:
https://www.marketwatch.com/story/ftse-100-struggles-despite-earnings-beat-from-bp-2018-10-30/print
Europe:
https://www.marketwatch.com/story/europe-stocks-decline-amid-mixed-earnings-results-downbeat-data-2018-10-30/print
Asia:
https://www.marketwatch.com/story/asian-markets-mixed-as-us-china-trade-tensions-rear-up-again-2018-10-29/print
Bonds:
https://www.cnbc.com/2018/10/30/us-bonds-treasury-yields-move-higher-as-investors-await-economic-data.html
Currencies:
https://www.cnbc.com/2018/10/30/forex-markets-us-china-trade-dollar-yen-in-focus.html
Oil:
https://www.cnbc.com/2018/10/30/oil-markets-crude-supply-stock-markets-us-china-trade-war-in-focus.html
Gold
https://www.cnbc.com/2018/10/30/gold-markets-us-china-trade-war-dollar-in-focus.html
WSJ: Markets At A Glance:
https://markets.wsj.com/us
Major ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitor
SPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker
SPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectors
Current Futures:
https://finviz.com/futures.ashx

FYI: Assets in so-called gender lens funds grew sharply this year, according to a study by the wealth management firm Veris Wealth Partners. Gender-lens investing integrates gender-based factors, either to improve returns or to promote more gender equality.
In the 12 months ended in June, assets under management in gender lens products that invest in publicly traded securities increased 85% to $2.4 billion from a year earlier, according to Veris. Gender lens assets have grown rapidly, but “this is the most growth we’ve seen in 20 years,” Patricia Farrar-Rivas, CEO of Veris Wealth Partners, said in an interview.
Regards,
Ted
https://www.barrons.com/articles/gender-lens-investing-growth-1540834302?refsec=funds

FYI: Each year, we assign Morningstar Analyst Ratings to college savings plans based on five key pillars: Process, People, Parent, Price, and Performance. We also consider if any plans convey unique benefits, such as local tax breaks, grants, and scholarships, though these usually do not drive the overall outcome. In 2018, Morningstar assigned analyst ratings to 62 plans, which represent more than 95% of assets invested in 529 plans. Morningstar analysts upgraded two plans and downgraded nine.
Regards,
Ted
https://www.morningstar.com/articles/889532/morningstar-names-the-best-529-college-savings-pla.html