PRHYX's div continues the up and down. .039 for Aug., .0329 for Sept., .0355 for Oct. I'm OK with it, as long as it doesn't go below that low of .0329. If it does, I'm goin' closed end (HYB and/or PFN).
Dividend $0.02909 10/31/2013 10/31/2013 11/01/2013 $6.05
At least it is higher than the previous two months. NAV is up recently from serious lows, dividend up slightly, perhaps we've bottomed out? Still holding but watching carefully. GLL
Lol, I think you sold it the day before the GOP self-induced default. I thought about dumping it on the same day, because I was sick and tired of politicians holding my money hostage, but I kept it because I noticed that the market was confident that the GOP would relent, and I had faith in the market, which is basically composed of the most well-connected rich people on Wall Street, the kind who has politicians in their back pockets, You do not want to bet against these people.
I mean, if you look at the chart, while the news people were scaring people with the default, this fund had been going up very very slowly, which is different from a few months ago (during the "taper" episode) or 2008, when they were crashing hard. And now with the whole default thing over, it is back to business.
As for this fund dropping to 5.25, that might happen if the interest rate is raised. But if the interest rate is raised, everything will crash. So I just do not see Bernanke and Yellen tapering. The last time Bernanke even mentioned the word "taper" the market crashed hard. So the Feds will continue to inflate the currency, and people will continue to put money into junk bonds to stave off inflation, and thus making junk bond more mainstream (yeah, it sucks that we have to buy junk bonds to keep up with inflation, but our economy is in a debt death spiral that might collapse if the interest rate is raised). And since this fund is now closed, the price will probably stay constant or maybe even grow a little.
The "deadbeat" in my post refers to the government after the default, hence a "deadbeat". And if the government wants to get new loans, and they will, they will have to offer a much higher interest, which will crush stocks and bonds.
And Obama is not the one playing Russian Roulette with the economy. The Republicans pull this stunt every few months. These are the kind of people who thinks a government shutdown is a good thing, as in a "slimdown". And the Tea Party congressmen have said on record a default is actually a good thing, because they believe the "Big Government" is the enemy. The OP is right in that the GOP is driving the crazy train, and it is only a matter of time before they drive it down a cliff.
Interest rate is not going to go up. Nobody will be able to afford borrow.. Interest rate is so low that banks will not let anyone borrow. I hope for better economy when Obama leaves.
Interest rate will go up, that is for sure. That is the only way a deadbeat can get new loans. And when the interest rates go up, both stocks and bonds will probably be crushed because you can get a better return from a savings account. So my guess is a self-induced 2008, except this time the government is crazy and will not bail out the economy. Stocks and bonds crash, and the housing market crashes. America goes into another recession, and the government cannot pay for social security and medicare. So my estimate is that this fund will crash to 3.
So does anyone have a good cash fund I can park my money in? I need a place to park my Roth money.
Good question, but this is what I know about junk bond fund ...
It moves like a stock market except much less volitle.
HEY !! WAKE UP !! YOU MUST BE SLEEPING...SELL while you can..2014 is going to really mess you up if you are holding at these prices.. I sold in Feb.. Take a look at VPDFX.. Loaded to equities.
Sentiment: Strong Sell
http://blogs.barrons.com/focusonfunds/2013/09/30/morningstar-downgrades-vanguard-high-yield-fund/?mod=yahoobarrons .......and Morningstar recently downgraded this fund, too.
PRHYX's div is up one month, down the next. Which is better than down, down, down, I guess.
Dividend $0.02812 09/30/2013 09/30/2013 10/01/2013 $5.93
Getting rather depressing. NAV down, dividend seems to be steadily falling. Harder and harder to justify sticking with this fund. I could tolerate the falling NAV if the dividend would hover around 3 cents but it looks like it is slowly heading to a lot lower.
OK, the Fed is going to continue buying bonds and keep interest rate low. Economy is still bad. It might be bad for another 2 mo yrs until he is out. LOL. So just keep buying more Junk Bonds? I dont see inflation any time soon and remember junk is like stock but less volatile.