PRWCX Semi Annual Report Dated 6/30/22 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 TRP analysts, associate analysts and quantitative analysts.
So, while Giroux has final say on the portfolio, he is receiving a lot of assistance.
As many of you know from previous postings, we have most of our investments in this one fund. First moved most of our retirement funds into this fund late in 2006 when Giroux was still new, just dumb luck as the move was based on prior performance of the fund and the desire to simplify and reduce volatility. Once we retire or decide 60% + in equities is more than we are comfortable with, this could very easily change. I'm very glad Giroux is 12 years younger than I as this means he may be PM another 10-15 years, fingers crossed!
PRWCX Semi Annual Report Dated 6/30/22 +1. And yet, a single manager keeps things simpler, when a fund holds $50B AUM. YIKES, eh?
Administrative nuisances with some financial institutions Neither Wells Fargo nor Bank Of America do any kind of signature guarantee any more.
There is an online service
https://esignatureguarantee.com/ that will do them. It's expensive, $
149 per stamp. After you set up an account and they verify your identity, you send them the doc that needs the stamp, and then they courier the stamped document on to the recipient. Of course *I* don't need an account there, my beneficiaries do.
I am just going to undo the mess I've made setting up TOD accounts and convert them all to joint, if I can.
Administrative nuisances with some financial institutions We have done Medallion Signature Guarantees at local banks recently, for Treasury Direct and other purposes. You may need to have an account at the bank(s) - another reason why to keep some local bank account(s), and not go online 100%.
News link only: Saudi Aramco busted through the roof with profit
PRWCX Semi Annual Report Dated 6/30/22 - I attempted to respond directly to
@bee and his query of whether PRWCX would constitute a wise
sole investment for a
retiree already in the
distribution phase. If others think that would be a good way to go, please let
@bee know.
- I’m aware of PRWCX’s excellent risk adjusted performance record. I owned the fund from
1995 until July 2022 when I exited as part of a broader consolidation of holdings.
PRWCX Semi Annual Report Dated 6/30/22 I reduced PRWCX and increased PRWAX at the beginning of 2021 with a thought that an impending rise in interest rates (end of some 40 yr declining interest rates) may dent PRWCX’s stellar risk adjusted performance when both equities and fixed income could suffer, especially given its size. Giroux so far proved me wrong. I am digressing but VDC (consumer staples) beat PRWCX in 2022 so far, which I did not see coming.
PRWCX Semi Annual Report Dated 6/30/22 Young Giroux (only 3
1), a capital goods analyst (who had won an industry award for analysts) but without any prior fund management experience, and without much overlap with the previous managers of PRWCX, was given the responsibility for a major fund like PRWCX in 2006. Price obviously saw the potential, but it took time for others to realize that. Amazingly, Giroux has delivered SP500 like returns with only 60-70% equity exposure (but he takes more credit risks with his bonds); screenshot shows period
1/
1/2006-now. So, it isn’t a conventional moderate-allocation fund, but a capital appreciation fund that seeks higher returns than its nominal equity exposure.
Technical question? Or "Other Investing" question? I dunno Think maybe bottom consolidate w this stock
If day trade/few days trades - buy Monday set sale +5% +10%, auto sale
After autosale --> repeat if you think stocks still upswings
If long term sits for two yrs five yrs and may reach >40 50
Imho stocks cycles every 3 months and may potential be +20 -30% every 3- 6 months amd may get 40s 50s in 16 19 months
Have stop tight loss and sale if stocks drop >5% if day trade
If long term you may not care if goes any lower
Analysts say could be $55 in 12 months
Volumes very low so not many interests becareful
Good find
If you look at $WTI Lots folks bought it large upswings momentum, head and shouler upswings, but seem very strong and rsi not reached >70 potential for another 5 7% upswings...macd also crosses over 7 9 days ago
Just my humble options
Eu banks/ eu economy in very bad shape now and may have more downswing.. could be another 10 15% down hard to say
Don't loose$$
Consider looking at few speakers in stockharts youtube representers videos you may learn lots about swing momentum trades
Remember when you think you are good/correct and has good trades good winners,
Market comes back and knock you off very bad...be very humble and expect win <35 40% of trades
Technical question? Or "Other Investing" question? I dunno I'm looking at this chart very simplistically (i.e. just the technicals) and I have have done zero point diddly fundamental analysis of the stock or company. The price seems to sit right where it was in June 2020. It nearly doubled from there by August of 202
1 but has since retraced all of that gain and appears as though it wants to continue to advance to the rear. I mean it's barely trying to break the trend. The technical chart at
StockCharts.com confirms this with a low RSI, trading far below it's 200dMA. It's also trading below its 50dMA and money is flowing out of the stock (CMF = Chaikin Money Flow). So 'technically' it's not a good time to be buying and I wouldn't consider investing until these indicators show signs of moving up (i.e. reversing).
Having said that something 'fundamentally' could lead analysts to say it's worth your money and interest but you couldn't prove it by what the chart is technically indicating.
Which is better?
PRWCX Semi Annual Report Dated 6/30/22 David Giroux of PRWCX is only 47! He started with the fund when he was just 31 and for years people said that he was young and inexperienced but he showed them all.
Hard to imagine anyone savvy would say such a thing; same age as Danoff and Tillinghast and their funds.
Bumped into this website: charts, ratings, numbers +1. mutual funds.com is new to me. :)
PRWCX Semi Annual Report Dated 6/30/22
PRWCX Semi Annual Report Dated 6/30/22 @bee, Never owned VWINX. Been tracking it all year and am very impressed. Steady Eddy if there ever was. As of yesterday it was down less than 7% YTD. One compeditor, PRSIX i like to track is off over
10% at this point. I guess there’s a roughly .50% difference in fees, which accounts for part, but not all, of that difference,
Just watching PRWCX almost since inception I would consider it too risky to use as the
sole ingredient in a retirement / staged withdrawal plan. But I’ve been taking aim at it for couple decades now and it continues to defy my worst forebodings. Look at virtually any other fund run by T. Rowe and you’ll find periods of overperformance and underperformance. But not this one -
yet. Just rambling here. Hats off to Giroux for the job he’s done. One wonders who might replace him some day.
