Good Time to Buy?
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Good Time to Buy?
Might be a good time to pick up some PRPFX.
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
Re: Good Time to Buy?
Thanks for asking. Funny, I just posted my question about TLH, which in effect is contrary to yours.
I'll be anxiously waiting for responses to both questions.
I'll be anxiously waiting for responses to both questions.
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
- Talmud
Re: Good Time to Buy?
I would say now is a great time to buy PRPFX.
Not necessarily all at once, but the current price suggests that adding to or starting a position might make sense.
My experience has been that when everyone starts getting jittery about PRPFX and noticing how much better the HB PP is performing, it's probably a good time to buy PRPFX.
Not necessarily all at once, but the current price suggests that adding to or starting a position might make sense.
My experience has been that when everyone starts getting jittery about PRPFX and noticing how much better the HB PP is performing, it's probably a good time to buy PRPFX.
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Re: Good Time to Buy?
Agreed. With treasuries outperforming equities and gold, it makes sense to purchase a fund like PRPFX which has reduced exposure to longer duration bonds. Resembles re-balancing from FI to other assets held in the 4x25 PP.MediumTex wrote: I would say now is a great time to buy PRPFX.
Not necessarily all at once, but the current price suggests that adding to or starting a position might make sense.
My experience has been that when everyone starts getting jittery about PRPFX and noticing how much better the HB PP is performing, it's probably a good time to buy PRPFX.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Re: Good Time to Buy?
Damn, I wish I had read this before I went and sold it all yesterday.MediumTex wrote: My experience has been that when everyone starts getting jittery about PRPFX and noticing how much better the HB PP is performing, it's probably a good time to buy PRPFX.
Re: Good Time to Buy?
Did you sell for TLH purposes? I sold most of it and put half of the sale proceeds into FSRRX and FBALX. The former is the closest from Fidelity funds to PRPFX and I bought it the day it posted distribution and went down -3%. The latter hasn't paid anything this year.jackh wrote:Damn, I wish I had read this before I went and sold it all yesterday.MediumTex wrote: My experience has been that when everyone starts getting jittery about PRPFX and noticing how much better the HB PP is performing, it's probably a good time to buy PRPFX.
I plan to exchange back to PRPFX some time next year.
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
- Talmud
Re: Good Time to Buy?
Yes, primarily at this time for TLH purposes (Offsets a gain from selling FBALX to buy PRPFX early in the year, BTW). I was planning on selling off PRPFX early next year any way though. I converted my IRA to the HB PP a few months ago and have gotten comfortable with the DIY approach. I like the simplicity of it and since it's getting a better return I see no point in paying for Mr. Cuggino's expertise. I did follow MT's recommendation of buying 10% EDV and I'm still holding that because it's in the green.foglifter wrote:Did you sell for TLH purposes? I sold most of it and put half of the sale proceeds into FSRRX and FBALX. The former is the closest from Fidelity funds to PRPFX and I bought it the day it posted distribution and went down -3%. The latter hasn't paid anything this year.jackh wrote:Damn, I wish I had read this before I went and sold it all yesterday.MediumTex wrote: My experience has been that when everyone starts getting jittery about PRPFX and noticing how much better the HB PP is performing, it's probably a good time to buy PRPFX.
I plan to exchange back to PRPFX some time next year.
Re: Good Time to Buy?
It might be a good time to buy some PRPFX...again .
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal