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My "timing" is atrocious, almost never benefits me.
willmatt72 said:@Crash - May I ask why you are thinking about selling PRSNX? Thanks.
@Crash - May I ask why you are thinking about selling PRSNX? Thanks.
Crash said: willmatt72 said:@Crash - May I ask why you are thinking about selling PRSNX? Thanks.
I'm wanting bigger monthly dividends. Stretching, I suppose. The fund is solid, I'm not unhappy. I always wait quite a while before selling-out completely from a fund. PRSNX has done for me what it's supposed to do. I've been thinking, why have 2 different FOREIGN bond funds? The other is PREMX. So, I'll chew on it some more, maybe talk myself out of it.
Crash said:@willmat72: (But PRSNX is not EM, just FOREIGN.) @MikeM: Thank you, sir! You've made the issue very plain and easy to understand. I shall "leave well enough alone."
@willmat72: (But PRSNX is not EM, just FOREIGN.) @MikeM: Thank you, sir! You've made the issue very plain and easy to understand. I shall "leave well enough alone."
willmatt72 said:I was just looking at some stocks YTD - Netflix up 43% since Jan. 1? Does that sound correct?
I was just looking at some stocks YTD - Netflix up 43% since Jan. 1? Does that sound correct?
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I am sure I will be buying back in (etf or DSENX) presently, and for sure on any dipping
>> good news is we can learn from that
I never have, I think.
To make @mcmarasco feel better, it’s entirely possible to have made the “right” decision only to have irrational markets behave in an entirely contrary fashion.
Investors have NO CONTROL over the markets, only our emotions and decisions.
otoh I need lots cash this year for children, so there is that
I will not say I know what I am doing, really.
This is Old_Skeet’s weekly barometer report for the weekending January 19, 2018.
Last week I reported that the 500 Index was extermely overbought with a barometer reading of 128. This week the reading is found to be the same at 128 and, with this, the Index remains extremely overbought as scored by the metrics found in the barometer. If the reading should drop much lower it will be off the scale. Generally, a higher barometer reading indicates there is more investment value in the Index over a lower reading.
For the week short interest for SPY is found to be 1.8 days to cover.
In review of the 500 Index compass the lead pack remains XLE (energy), XLF (financials) & XLY (consumer discretionary). Within the lead pack my spiff hound remains XLY and has for sometime as the consumer continues to spend. The bogey hound for this compass is EQL.
In review of the global compass the lead pack consists of GSP (commodities), EEM (emerging markets) & EWJ (Japan). Last week EEM had pulled back a bit but has now regained its momentum and edges out VTI (domestic stocks) for third place. Within the lead pack my spiff hound remains GSP and has for sometime as good demand for commodities continues. The bogey hound for this compass is VT.
This investment strategy was derived from a betting strategy I used years back at the dog track. The betting strategy was that I’d bet three dogs to either win, place or show during the early to mid races. This strategy provided a number of ways to have a dog (or dogs) be in the money. And, for me, this resulted in some good winnings as I had a prety good system that aided me in picking some good opportunity dogs for a wager.
Thanks for stopping by and reading.
I wish all … “Good Investing.”
Have you a yield number from a bond fund which you consider to be high enough, to suit your needs, at this point in the bond(s) investment cycle?
PRSNX indicates a current 30 day yield of 3.5% and a trailing 12 month yield of 3.41%. The yield is already increasing, yes?
If one is seeking a 20% yield increase from this fund this would = about a 4.2% yield, a 30% yield increase would = about 4.55% yield. Would these yields satisfy your yield/dividend requirements for a bond fund of this style?
With a active managed bond fund, one would hope that management would be able to keep the price decline of the fund to the minimum as bond yields increase.
This would be the trade off for a higher yield at this time, a reduction of pricing for the fund (less value to the investor, but perhaps a wash from a higher yield).
I bought (EM) PREMX in 2010, late for the 2009 go-go-full steam ahead party in EM bonds. I bought initially at $13.26, and have never seen PREMX at $13.26 again. But I've reinvested everything, and along the way, I pulled a huge chunk out to re-deploy into a more normal diversified portfolio. PREMX has made serious money for me, despite the share price remaining below my initial purchase-price. I added a bit to it after end-of-year 2017 cap gains and dividends in my other TRP funds. And PREMX has not disastrously imploded on account of the Venezuela holdings.
...When share price sinks, yield rises, I understand. I see that PRSNX holds bonds in many cases in places like DEVELOPED Europe, where bonds are yielding less than 1%. I'd like to get more than PRSNX is offering. My timing might be all wrong, but timing the market is a thing I never tried to do. I started investing in 2003, and do not play around much with my portfolio--- though the current portf. is quite different from the way it looked 15 years ago.
TUHYX 4.75 (30-day)
I'm not worried at all about finding a bond fund to replace PRSNX which is of a similar sort.
I'd say the risk (of investing in EM bonds) has been worth it. Over the course of 7+ years, PREMX has averaged a bit over 6 cents per share, per month. It's up to each of us, anyhow to gauge our risk tolerance. PRSNX is offering me over 3 cents per month. Helluva lot better than 10-year Treasuries or CDs in the bank. But a credit union is really the way to go, if you ask me.
I don’t think anyone really knows. At my age I’d maybe play them if they looked beaten up enough to catch a nice bounce. But I don’t want to own EM on a protracted basis - particularly the stocks, which can drop 30-40% before you can say “ouch”.
Last week, in The Economist, they had a piece on India.....the great lie of the middle class in India. It's not China of 20 years ago. E-commerce in India in 2017 was about that in China for a week. US companies can't make any money there. GDP per person is $1700 --- and 80% of the people make less. 3% of the population own these 5 things: car or scooter, TV, computer, A/C or refrigerator. Top 1% make $20,000 --- good paying jobs are thin. Education is very poor.....1 in 9 is illiterate. Most US companies aren't selling basics, so they can't make money. Slick said a while back India was not a buy. From what I read, good call!
Will be living on SSI and RMDs from 2019 on, so good ideas are appreciated. (I've really benefited from some, so this is not an idle comment.)