Time will tell but I just sold my entire position. We are at an extremely high NAV and I suspect we will see a 3-5% drop over the next few weeks. If not at least I won't lose any money and PTTRX has been very good to me for the past 20 months. Good luck to y'all.
Same here. I sold 40% at 47 and am ok with it placing into cash and equities for late this month. I still don't see how this is going to drop too far due to 48% cash and 42% bonds in PTTRX. Just decided to pull some money off the table. Rates will not go up for a long time to come...how could they?
PTTRX is the only bond fund offered in my 401k and 457. And, my diversification plan requires me to maintain my current allocation in bond funds. So, it looks like I'm staying put in PTTRX even if it goes down a few percent.
Cash, which they say is king. Also I still have a lot of other diversified investments including a big chunk of junk bonds. Long term I think this is a good fund but I just have a feeling it is going to correct downward and the risk that I might be way off and it will continue its extraordinary climb seems small. Plus the current dividend yield is pretty low so I don't lose much by sitting on the sidelines for a month or two. Hey, "ya pays yer money and ya takes yer chances" right?
Kind of silly to do all at once no matter what it is. I've been nearly 100% in bond funds split between two Pimco funds for the last 8 months with a much longer but smaller position in total return. I just moved 20% out of each fund back into equity funds. There will not be a bond crash, just a slower growth or even a small slow decline.
It's good there are investors like yourself. I don't see where the economy has improved and interest rates will rise rapidly. You guys will buy back in and push the nav higher...in the meantime you'll miss the daily dividend payment?