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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Mario :-) who wrote (10177)6/15/2005 3:10:41 PM
From: Tommaso  Read Replies (1) of 37387
 
Yes that is the one.

There are no fees or commissions to buy PCRDX from most brokers. You do not have to get in contact with PIMCO unless you want to own it outside a brokerage account. The management fee just comes out of the fund's assets. I imagine it is prorated day by day. They do have their own brokerage expenses and I don't know how much that takes out of the fund. Anyway, you won't notice the fees. In some brokerage accounts there is no minimum purchase, especially in an IRA.

I have myself, my wife, and my sister all invested in PCRDX, and my brother is, too. Bill Gross, the bond specialist at PIMCO, has a lot of his own money in it (or one of the funds identical to it in all respects except expenses).

Yes, it should be a good hedge not only against a declining dollar but paper money in general (i.e. an inflation hedge).
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