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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 …
"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.
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?
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.
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.
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…
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…
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.
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…
Speaking of guaranteed money, we are taking advantage of online checking account, SoFi Checking of 1.25% with a monthly direct deposit, .7% without a monthly direct deposit. Our local bank is .01%.
No minimums, no fees, FDIC insured. We've used So…
This is a little late, but 2 weeks ago exchanged some PRFRX for TRAIX/PRWCX and plan to do that monthly through the end of the year in our taxable account. Maxed out our 2022 IRA contributions back in February, all into TRAIX.
One week ago we did …
Our bank, Westfield Bank of Ohio (7 locations) isn't even open on Saturdays and both the lobby and drive-thru close at 5 pm on Fridays (4 pm M-TH). I'm sure their reasoning is because of electronic banking options far fewer people bother to go to ac…
A few quotes from the interview.
Giroux: First of all, I would say, if you think about the fixed-income sleeve of the CAF, we've never really been Barclays Agg kind of index. I know a lot of our peers are. We historically haven't owned a lot of Tr…
PRWCX Annual Report dated 12/31/21.
Bank Loans = 10.7%
Floating Rate Fund I-Class TFAIX = 1.2%
Corporate Bonds = 7.1%
Money Market = 10.8%
Bank loans were almost 12% of the portfolio at that time.
If it weren't for PRWCX/TRAIX we would most likely be taking advantage of TDF's. That could happen in the future if Giroux leaves/retires or if the 50-70 moderate allocation space becomes too equity heavy for us.
Revisiting TRP Emerging Europe (TREMX) one week later finds the fund up around 1%, YTD -85.27% compared to -86.24%. AUM down to $23 million according to M* today. From what I recall last Saturday on the TRP website, AUM were something like $145 mill…
