Both PTTRX and PAAID are mentioned. I am adding PIMIX to these three as a kind of core investment. What else should be added? VWINX? DBLFX? MWTRX? I am just repositioning myself for the next six months and believe bonds will be stable with the market somewhat vulnerable.
Remarkable post! Are you aware that CSCO was once over $80? GE over $40? PFE over $45? How about cutting their dividends? GE is approximately half of what it once was. Are you aware that the Nasdaq was once over 4100? Ten years ago. Of course the Nikkei hit 39,000-twenty five years ago and hasn't even come close to recovering.
You have actually provided a number of specific examples for why PTTRX is an excellent investment.
Scroll back on my earlier posts: you never should have left. There is no one, nobody who knows whether this will go up or go down. regardless of what is said about interest rates there is no guarantee that they will continue to rise and that was certainly noted today. Nobody on CNBC knows anything more than someone posting anonymously behind a keyboard on the future of this or any other fund. Or stock for that matter. They may think and act like they do but unless it's inside information which cannot be released it is only their opinion vs. another.
All that matters is that this is a substantial fund with a 25+ year history, a founder and manager who is trusted and respected and, most importantly, consistently pays dividends and gains for a predictable income stream. Over time it may go up or down by 15% or slightly more but so far it has always recovered. If you and others are like me, retired and partially dependent on income, PTTRX is an enduring core holding that I have slightly more of than any other bond fund. There are other funds I like, too (VWINX, PIMIX, PAAIX, even PLDDX for the short haul and MWTRX as a backup. Still, PTTRX is my primary holding.