I held some but sold a large position at $11.19 and can't say that I regret it. Bought ICSCX and DODGX mostly but held some in cash. Can't say I regret it much, but I was overloaded in PTTRX so in my case...it worked out. (so far!)
Great job, you made about 3% this year owning PTTRX while the S&P is up almost 25% and you collected dividends if you owned the S&P index as well since companies pay dividends as well and the index fund pushes those to the holders of the index!
It seems this fund is completely correlated with 10 year treasury rates & to the extent T-rates can stay below 2.5% PIMCO is sound, if QE fails to hold back 10 year rates, PIMCO will tank. Is this correct? Is it really a good bet that the Fed can keep rates this low forever? Can QE4EVA really last forever?
This is true. Don't be a victim of a repeat performance of earlier this year. If a Fed member lets the cat out of the bag regarding a tapering start date, this fund and all others like it will tank and perhaps violently. Minimize exposure.
After listening to the people on cnbc, this fund may start acting like an equity fund, jusl like it did today...,37% return! They all think the fed is going to keep the yield down to keep spending up. They are debating if the tapering will begin in March or July. This was an ex-Chicago fed member talking..