Here are the reason why I have a large chunk of my money in this Fund.
1) It has a good track record.
2) When it does go down, it recovers in a short period (Look at long term chart)
3) Gross may make some mistakes (No one is perfect) but always correct the holders.
4) Stocks are much more riskier long term if the Fed cuts back buying Bonds.
5) What better Fund to offset Stocks.
6) Constantly pays a decent Dividend.
FYI, 1,2, and 3 are all the same thought, 4 and 5 are also the same thought and really just opinions, not facts. 6 is also an opinion, because I think the dividend is pretty lousy compared to APL or T quarterly dividends.
One question for those retirees writing in about their positions in PTTRX and it's ~3% dividend yield. Instead, why don't people use Pimco's PIMIX and PIGIX funds that generate a monthly income stream but with annual yields closer to 6%? Is it the entry requirements, or the limits of IRA's/401K options, or some other limitation?
My401K only offers PTTRX. This is a popular fund for 401k's, so I assume other posters are only offered thid bond fund along with another. My other bond fund is Vang Tot Bond Mkt which isn't as good imo.
Not too sure. The Federal Reserve is going into 100 years of being privatized and it looks like the massive income and dividend growth aka inflation is at the Fed, the board of governors, the private service companies to the Fed., and the Fed member bankers that have survived the boa constriction. The Fed serves the most elite aristocracy the world has ever witnessed. The Fed makes sure that everyone, even the Pentagon bows down.
"From a real economy perspective, QE3 has done very little. From a financial markets perspective, it has had a major influence. If it is really not helping the real economy beyond pushing financial assets higher, there is no point in continuing the risk of increasing the balance sheet," said O'Rourke.