Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
A more apt title and question would be "Time to Dump *SOME* Bond Funds" instead of *ALL*. It looks like Treasuries and Munis have had it. If selling picks up in those areas I would think investment grade corporates would be next followed by high …
I concur 110% with MJG on this topic. I spent more years than I care to remember listening to the self proclaimed experts and going nowhere in my trading. It wasn't until I discovered the theory of contrary opinion that I turned my trading around …
Reply to @wsanders: Not much of a correction? Maybe not in the open end high yield muni funds which are but 1% off their recent all time highs. But in HYD I would call a sudden 4.8% decline off all time highs and wiping out all the price gains …
Reply to @andrei: Yes, up to 76% in PONDX and may roll over my other positions (already rolled over ABTYX) to get to 100% by year end. My exit point is (adjusting for the recent distribution) a 1% decline from highs. In 2012, less than 1% has con…
Hope the link below works as it's the distributions today on the various PIMCO funds. PIMCO is on the ball as they had this up on their website by 6:15 EST this evening.
http://investments.pimco.com/ShareholderCommunications/External Documents/PIM…
As Mark intimated, I will let the market tell me what to do. Being a believer in less is better I try to hold as few funds as possible. Having rolled out of my small position in ABTYX, that leaves me with PONDX, WHIYX, SUBFX, and ANGIX. MWCRX is…
One of my favorite books, The Luck Factor by Max Gunther. There are things we can do to influence our luck. As for the trading/investing game, I consider myself among the luckiest. Lucky I was at the right place at the right time in the 80s and 9…
Reply to @andrei: On second thought, being that I am a relative strength trader/investor I would probably be with Gundlach, arrogance and all, were his performance better in 2012. But there are lots better places to be in bondland. As for 2008 th…
I had previously said I would never invest with this arrogant you know what so might as well join the chorus in this thread. In trading and investing, arrogance eventually kills. This year he seems to be trailing badly his ex-flagship TCW fund, TG…
Reply to @fundalarm: PMZDX is my kind of fund - a brand new fund in a hot category at a hot firm. And has it been outperforming! But it is not available at Scottrade. PMZIX is available for a $1,000,000 minimum but that would mean I would have…
I have been worried for some time about bonds. But then I always worry. The risk-on trade for bonds has been working since December 16, 2008, a day I shall never forget. That was the day Bernanke served it up on a silver platter. Does the archiv…
>>>Class D shares - Do not have an initial sales charge or a contingent deferred sales charge. Cannot be purchased and held directly with PIMCO Funds. These shares are offered through financial service firms, such as broker/dealers or regi…
SPHIX has always been a plain vanilla junk bond fund. So goes junk, so goes SPHIX. The duration listed looks incorrect but don't have time to go to the Fidelity website for its most recent duration. It also has a 90 day short term redemption fee.…
Reply to @Ted: Amen to that!!! I don't need SS and never will. But still, I took it as soon as I turned 62 and no regrets whatsoever. Life is not an exercise in math and statistics (nor is trading and investing for that matter) At 65, I run …
Reply to @bee: Mayber PONDX needs to increase their exposure to non-agency RMBS. They are still far under fair value if the commentary below from Angel Oak is to be believed. I've recently added ANGIX (no minimum at Scottrade) something I should …
http://www.secform4.com/insider-trading/1510599.htm
A very confusing set of filings that ends up being shown as a sale here. Will have to dig into this later. I can't see why it would be shown as a sale.
A million and one thanks for your diligent work here Shadow. I had been waiting for something from PIMCO and you saved me some legwork. Again, many thanks for the most useful thread of the year here.
Reply to @bee: bee, no minimum at Scottrade. ABTYX is the smallest of my four holdings (probably should have been my largest based on trend persistency) But my worry has always been that ABTYX is most vulnerable if rates ever rise as well as any…
bee, I like to screen YTD and can't get thrilled by VWESX or DEERX as compared to PPSIX, PONDX, MWCRX, or ABTYX. That's because my screening is mostly percentage declines from highs and by that criteria the four mentioned are the shining stars. As…
Reply to @bee: The performance numbers are annualized. Not sure about standard deviation albeit they appear to be for the entire period. Then again, although lack of volatility is my thing, I have never been a standard deviation kind of guy.
Reply to @Old_Joe: Old Joe, I am strictly a low volatility momentum/relative strength trader/investor. My preference are bond funds that are hanging right at or making new highs and without a lot of drama (volatility) I've had SUBFX on a short l…
With this week's action I've increased in PONDX and decreased in SUBFX while remaining the same in PPSIX, MWCRX, and ABTYX. Those five are my only holdings. I hold no corporate junk but must say corporate junk has been very resilient in the face o…
Reply to @Charles: I am an advocate of concentration. I like to invest/trade in as few funds as possible and go with whatever is working best. Working best means sticking with relative strength/persistency of trend combined with the least amount…
Reply to @Sven: Thanks Swen, I realize I am in the minority here but I wouldn't give Jeffrey Gundlach a plug nickel. As for DLTNX - ANGIX and TGLMX are much better choices if mortgage backed securities is your thing. I see where PMZIX was up anot…
PMZIX or PMZDX I need to stay better informed as had I known I would have bought this at its offering price Monday at $10.00. The PIMCO magic and new fund effect is already in play as the fund is already up 4.3% (10.43) after today's 1 penny decli…
Reply to @Charles: Just my opinion, but I wouldn't touch a junk bond ETF with a ten foot pole and most especially HYLD because of its lack of liquidity and wide bid/ask spreads.
And yet another article on this very timely topic. Trends offer reverse in January so my radar will be especially sensitive then. I am dreading the occurrance of this great (maybe too widely predicted) reallocation because I just don't know at my…
Mark, PONDX keeps rolling on. In the past two weeks I put my excess cash in SUBFX (finally) and PPSIX. I like stocks here a lot but will stick with what is working in Bondland until it doesn't. I much prefer the smoothness of the bond trends than…
Reply to @Skeeter: I apologize for being one of those annoying attention to detail guys but you can't overlook dividends. YTD at the October 16 close, the total S&P return has been 17.71%. A very good year indeed for those so invested.
Up .25% today. Obviously those bank bonds have some juice. Depending how tomorrow's employment report shakes out will take a small plunge in SUBFX. A weak report would probably be good going forward for the likes of non agency mortgage backed (PO…
Reply to @BondInvestor: I apologize for nitpicking but compared to high yield funds very special. Per Morningstar, SUBFX beats the average high yield fund by 8.22% YTD and beats by 7.55% one year.
fundalarm, they apparently don't think the n…
Reply to @fundalarm: fundalarm, maybe I am not reading this right but isn't this levered at 125% mortgage, among other things?
http://www.allianzinvestors.com/Products/pages/631.aspx
Charles, fundalarm answered your question as well as I could. PDI is more volatile than PONDX because among other things it is more levered. I might add that all the love shown towards PONDX (and I am as guilty as anyone) is beginning to worry me.…
Reply to @catch22: Mark, ANGIX is available where I trade (Scottrade) and in smaller amounts than the 1m minimum shown on Morningstar. It is a fee fund though and I hold much more in PONDX. Not sure why I even went into ANGIX because to me it is…
I am now down to three - PONDX, ANGIX, and MNHYX. Lost patience with MWCRX and replaced it with ANGIX. I can see where I will soon be only in PONDX and ANGIX. As long as I can get equity-like fund returns from bond funds and with less than half a…
