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Thanks for the comments @Graust. I won’t even try to defend the politics that seeps in. It’s indefensible - but also hard to avoid in the current political climate.
(1) ... but we don’t even talk about recent buys or sells anymore.... “
(2) “... can’t we play in the sandbox a little nicer?”
https://reuters.com/article/us-usa-fed-pivot-insight/a-fed-pivot-born-of-volatility-missteps-and-new-economic-reality-idUSKCN1QB0IK?il=0A Fed pivot, born of volatility, missteps, and new economic reality...interviews with more than half a dozen policymakers and others close to the process suggest it....marked a more fundamental shift that could define Chairman Jerome Powell’s tenure as the point where the Fed first fully embraced a world of stubbornly weak inflation, perennially slower growth and permanently lower interest rates.
One question, for example, is whether to make crisis-fighting policies a part of the routine toolkit. Another is whether to try to prepare the public to accept higher inflation from time to time.
The January statement, JP Morgan analyst Michael Feroli wrote recently, showed the Fed “subtly but profoundly evolving” to a new view of the world where a variety of forces have changed the way inflation and interest rates work, and have now changed how the central bank responds.
I resemble that remark. Can’t recall seeing my TRBUX (ultra-short bond fund) on that list of 5. Failure to take note of that omission may signal how gravely concerned I am about all this. :)Lots of T. Rowe Price funds made money last year (2018). In addition to the five listed were several bond and allocation funds (and a couple more domestic equity funds). That goes to @Derf 's point that cash and fixed income did better than equity last year.
This is just another column tossing out junk statistics and not even doing its homework. The two other Price equity funds (albeit institutional funds) that had positive returns were: TRLGX (you can get the same manager via HNASX), and TPLGX (likely a clone of TRBCX).
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