9/18 Easy advice 2. If you have PIMCO, please consult a professional
financial advisor about whether to move ALL of that PIMCO money into
cash or a mostly Treasury-backed bond fund (note to avoid agency paper,
MBS, and swaps with major banks, ESPECIALLY investment banks).
I got my wife to sell all her PIMCO today; I originally said to sell
after the FNM/FRE bailout.
Also read today's latest PIMCO news and how Bill Gross is feeling.
Yes, a lot of institutional funds (including pension/retirement) have
PIMCO.
\_ There are a lot of different Pimco funds, what are you talking
about? All of them?
\_ the ones with lots of MBS and agency paper. Total Return is one.
\_ I see your point, though this stuff looks like it is
backed by the US government at this point. How is it
different than a T-Bill? |