Frank: Thanks, wasn't aware it was today.........now I have to run upstairs and check if I stopped the roof leak (seriously).
Amiculus: Thank you for the wealth of information. You touched on the important question i.e., is it a good bet going forward. That's what I was interested in hearing. I am not as sophisticated as some in these matters and hearing an opinion such as yours was definitely valuable. You have convinced me to buy REM next week. I will take an initial position, something I should have done about a year ago.
If they clone this fund how is it beneficial to new investors when the price of the securities are high anyway. The word "clone" implies buying shares of similar companies that are in PRHSX. I am not as sophisticated as some so please explain more and in detail. Thank you.
......it is trading currently at @ $11.60 with a yield of @ 12%. What does all that mean? Can someone explain? Did those who bought at $50 and have held till today recover their principal after they received their monthly dividends since 2007. And what was the yield over time since May/2007. Does it make sense to buy now at $11.60 in light of the coming rate hike(s). And how much will price drop once we get those rate hikes. I realize that the first interest rate hike is coming this year, probably 25 basis points and the fed will only increase rate gradually over time. It's one thing to get a high yield but if you lose principal then it's not funny .
.........April 15th. Into a traditional IRA for my wife. Figured that most of the risk is out because of the big drop since the latter part of 2014.
For the long-term this is an excellent fund. It may have paused for the time being but it will do well going forward. World economies are still recovering but sooner or later they will resume their growth.
Bought into this fund several months ago (this year).......not a big amount. Have to put cash somewhere. The interest rate will be raised by 25 basis points IMO. Subsequent rate increases will be gradual and over a longer time period, I suspect. How will this affect the price of this fund and the yield? Anyone care to explain?
Have held PGX for a couple of years now (got in at $14.18) but am getting concerned that interest rates will rise sometime this year. How will PGX react? Any knowledgeable people out there that have an opinion?
I've noticed a drop in the price the last few days. There is more talk of rising interest rates. How much can this affect REM. I see an initial 25bp increase in rates when it happens. The rates will not rise in a steep manner IMO.
June 1st is last day to get into this fund, current account holders can of course continue to contribute to it. I was wondering when TRP would close access to it. It's about time, though. The fund has probably gotten too big to manage as effectively as they would like.