|
02-28-2011, 08:02 PM
|
#1
|
Dryer sheet wannabe
Join Date: Nov 2007
Posts: 20
|
PTY advice!
Greetings!
Two months ago, I put a bunch of money into PTY (Pimco leveraged bond fund). The thinking was that it was a relatively safe place to keep fixed income dollars in my 401K. It had a yield of about 6.5%, so not expecting much.
It’s up 13% in the 2 months since I bought it.
IYO, should I Buy, Sell or Hold?
Thanks!
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
02-28-2011, 08:07 PM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
|
Quote:
Originally Posted by scooter260
IYO, should I Buy, Sell or Hold?
|
Yes, definitely!
__________________
Numbers is hard
|
|
|
02-28-2011, 08:09 PM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
|
I would do what REW recommends.
|
|
|
02-28-2011, 08:24 PM
|
#4
|
Dryer sheet wannabe
Join Date: Nov 2007
Posts: 20
|
OK!
|
|
|
02-28-2011, 08:29 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
|
Scooter, thanks for having a sense of humor.
To answer your question seriously, a leveraged bond fund is not what I would consider a "relatively safe place to keep fixed income dollars". What other options are offered in your 401k?
__________________
Numbers is hard
|
|
|
03-01-2011, 05:58 AM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Anything leveraged is not a safe place for your money.
What is your investment objective with this money? Has it changed since you bought this instrument? Did you do enough due diligence at the time of purchase to really understand what you own?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
03-01-2011, 06:17 AM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
Quote:
Originally Posted by scooter260
Greetings!
Two months ago, I put a bunch of money into PTY (Pimco leveraged bond fund). The thinking was that it was a relatively safe place to keep fixed income dollars in my 401K. It had a yield of about 6.5%, so not expecting much.
It’s up 13% in the 2 months since I bought it.
IYO, should I Buy, Sell or Hold?
Thanks!
|
A closed end, "junkish", highly leveraged bond fund is NOT "a relatively safe place to keep fixed income dollars"
Think of this more as an equity fund with high fees and with the added risk of exposure to interest rate fluctuations. You don't get the big returns without big risks. I'd be taking profits and rebalancing. PTY has done very well since the crash so I'm not saying get out of it completely, but you must realize that it is a risky place to put your money.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|