T. Rowe Price Funds

New TRIGX manager/

McMontana — Sat, 21 Nov 2009 04:58:53 GMT

Anyone have any intelligence on Jonathan Matthews, the guy Fund Times says is taking over as manager of Trigx next July?

Hopefully this is a sign TRP is trying to improve this middling fund. TRP would have quite a bit more of my $ if they had a better-than-average moderate-value foreign fund!

Mac

T. Rowe Price panelists bullish on stocks, economy

lornadoone — Fri, 20 Nov 2009 17:06:59 GMT

The chief economics columnist for the Baltimore Sun provided this article:

TRP's annual investment symposium

Lorna

Is employment "poised to rebound"?

lornadoone — Thu, 19 Nov 2009 19:36:32 GMT

The forum has been so quiet lately it must be overdue for one of my OT posts. This article in Newsweek makes an interesting argument. Here is an example:

". . .just as investors and businesspeople don't believe things could ever go wrong at the peak of a boom, they have difficulty imagining things can get better at the trough of a bust. And so they respond to rising demand not by hiring new enployees, but by coaxing existing employees to work harder. But just as hampsters can run only so fast on their treadmills, there are limits to productivity growth."

Here is a link: People Who Need People

By the way, my English teachers would not have let me begin a sentence with "and" or "but". Is it considered standard now? (or just a bit of journalese)?

Lorna

Friends at TRP

migues — Thu, 12 Nov 2009 04:08:40 GMT

Well hey there. Long time no post.

Hope everyone is okay.

Any relative newcomers who don't already know me expecting to learn something about investing should leave now and cut their losses.

TRP portfolio still holding a hard core of PRWCX. A year or so ago our flagship fund was written off like the next Magellan. People gave it up for dead. helmut, Hetty and I held on. Anyone looking at the results since then? Call it a balanced fund, call it a hybrid fund, call it what you will, it's a long time winner.

That's all; I just wanted to defend our flagship fund and say hello.

I miss the good old days when threads would focus on camaraderie at least as much as who was the sharpest knife in the investing drawer.

Full disclosure: I have always been, and will continue to be, a butter knife.

migues

Recommended Portfolios by Paul Merriman on www.fundadvice.com

Lovey — Wed, 28 Oct 2009 04:52:12 GMT

I need to straighten out my 401k which is with T.Rowe Price. Paul Merriman does www.fundadvice.com. He recommended porfolis for everyone. Has anyone ever used or followed his portfolios?

T. ROWE PRICE PORTFOLIOS
Fund Name	Symbol	Asset Class	Aggressive	Moderate	Conservative
T. Rowe Price Equity Index 500	(PREIX)	LCB	10.00%	6.00%	4.00%
T. Rowe Price Value	(TRVLX)	LCV	10.00%	6.00%	4.00%
T. Rowe Price Small Cap	(OTCFX)	SCB	10.00%	6.00%	4.00%
T. Rowe Price Small Cap Value	(PRSVX)	SCV	10.00%	6.00%	4.00%
T. Rowe Price Real Estate	(TRREX)	REIT	10.00%	6.00%	4.00%
T. Rowe Price International Equity Index	(PIEQX)	Int'l LCB	10.00%	6.00%	4.00%
T. Rowe Price Int'l Growth & Income	(TRIGX)	Int'l LCV	20.00%	12.00%	8.00%
T. Rowe Price International Discovery	(PRIDX)	Int'l SCB	10.00%	6.00%	4.00%
T. Rowe Price Emerging Market Stock	(PRMSX)	EM	10.00%	6.00%	4.00%
T. Rowe Price Short-Term Bond	(PRWBX)	ST Bond	0.00%	12.00%	18.00%
T. Rowe Price U.S. Treasury Intermediate	(PRTIX)	IT Bond	0.00%	20.00%	30.00%
T. Rowe Price Inflation Protected Bond	(PRIPX)	TIPS	0.00%	8.00%	12.00%

Total			100.0%	100.0%	100.0%
Minimum Initial Investment			$25,000	$42,000	$63,000

Any Reason for me to stick with TRP?

ichiro — Wed, 26 Aug 2009 04:06:04 GMT

I signed up for the "paperless" option as soon as I could, but have received paper "prospectii" in the mail every time I bought something. What, exactly, is paperless about this situation?

Like many others, I spazzed out in 2008, buying and selling funds every week. When I was formally banned from performing transactions with TRP funds, I had no idea, because the warning came in the form of a paper letter sent through snail-mail. Between the time they sent that warning letter and the time I received it, the US government offered FDIC insurance for money-market funds, and so I swapped my US Treasury fund for a money-market fund.

That particular transaction pushed me over their limit, and they froze my activity, for a full year. I have been stuck with balances in Global, Capital Appreciation, and Global Real Estate since November of 2008, with no option to buy, sell, or exchange. Is this even legal?

Half of my money in that account is in the brokerage, which I have been free to use. There was one day when I sold everything in the brokerage and paid penalties and transaction fees to do so. Three days later, a snail-mail letter from T. Rowe Price appeared on my porch, instructing me about the virtues of buy and hold.

What the hell business is it of theirs what I do in my brokerage account? They get paid when I transact.

I kind of hate T. Rowe Price now. If you go in and out of a fund at Vanguard, they prevent you from buying that fund again for 60 days. They don't send you a letter in the mail, and they don't freeze your entire account. You just can't buy that fund again for 60 days.

Our financial-asset balance is 13% higher than it was at the market peak in 2007, due to new savings, panic-selling into cash, and short-term trades. I'm tempted to call TRP and try to get them to un-freeze my account through person-to-person reasoning. But I'm even more tempted to move my money out of there in one fell swoop impersonally, via a stack of paper forms sent through snail-mail.

PRASX bought at the peak price

somesh — Thu, 22 Oct 2009 22:37:31 GMT

I got into PRASX at the peak of the price. Not sure should I hold it or to move my money to some more stable like PRWCX. Any suggestion?

90 day excessive trading question.

Mcgragor — Mon, 02 Nov 2009 00:08:51 GMT

If I understand TRP's 90 day excessive trading policy its if you trade the same fund.

But what if you rotated in different funds that have no redemption fee?

Value of Equity Income Funds?

dtconroe — Sun, 25 Oct 2009 13:13:44 GMT

I have been trying to evaluate the role of Equity funds that stress dividends (prfdx,prdgx) in a portfolio. I know the prfdx loyalists will point to it as an important value play in their portfolios, but the value of $10,000 over 10 years is poor compared to conservative value funds that do not stress dividends (prwcx). In seems that multisector bond funds, like Spectrum Income in combination with a superior value fund like Capital Appreciation might be a better way at increasing the value of $10,000 over time. Both Spectrum Income and Capital Appreciation have increased the value of $10,000 over 10 years compared to prfdx and prdgx. I realize that Spectrum Income has a piece of Equity Income in it, but I think the pure equity income funds may be overrated in a portfolio.

dtconroe

Cap Gains Info??

Bulllwinkle — Sat, 31 Oct 2009 14:50:24 GMT

At the Vanguard site you could click on any fund and see what the cap gains were year to date. Tomorrow is Nov 1 & that kind of info is very handy when buying a fund not in an IRA.

Is that info available on the Price site? I haven't beena able to find it. Thanks

Mutual fund fees Supreme Court case

lornadoone — Mon, 02 Nov 2009 18:27:18 GMT

Perhaps everyone else on the forum knew that this Supreme Court case was coming up, but I didn't.

The Court and Your Savings

Lorna

T. Rowe Price U.S. Long-term Treasury Fund (PRULX)

helmut — Wed, 28 Oct 2009 05:11:53 GMT

After being chastened by last year's market I decided to increase my fixed income allocation so I opened a position with RPSIX.

After researching Harry Browne's Permanent Portfolio I have had a paradigm shift concerning bond funds.

Originally my strategy was to use fixed income to buffer my portfolio during market corrections using a bond fund that I thought would cause as little drag on the equity portion of my portfolio during periods of prosperity as possible.

Last year PRULX had a total return of 23.26%. I had to ask myself, what would it have been liked to have had a 23.26% positive return from my fixed income allocation last year?

If you're a yield hound then the lower yield of Treasuries is not going to get you too excited, but the total return for 5 and ten years is actually better for PRULX. In and by itself the small difference in the total return would not be a deal maker for me, but the out performance for PRULX during corrections is.

helmut

TRREX - T. Rowe Price Real Estate Fund

tampajim — Sat, 24 Oct 2009 11:42:39 GMT

With the real estate market being what it is today, I was wondering if I should sell my shares of TRREX and replace it with something else. I have several years to retirement.

Thank you in advance!

Cap Gains Info??

Bulllwinkle — Sat, 31 Oct 2009 14:50:15 GMT

At the Vanguard site you could click on any fund and see what the cap gains were year to date. Tomorrow is Nov 1 & that kind of info is very handy when buying a fund not in an IRA.

Is that info available on the Price site? I haven't beena able to find it. Thanks

Cap Gains Info??

Bulllwinkle — Sat, 31 Oct 2009 14:50:04 GMT

At the Vanguard site you could click on any fund and see what the cap gains were year to date. Tomorrow is Nov 1 & that kind of info is very handy when buying a fund not in an IRA.

Is that info available on the Price site? I haven't beena able to find it. Thanks

T Rowe Price changes out funds for "Trusts" in my wife's 401k.

clsanchez77 — Wed, 28 Oct 2009 19:01:00 GMT

My wifes employer has their 401k with T Rowe Price and it had some good funds in it, including the Equity Income Fund, the Blue Chip Growth Fund and the New Horizons Fund. However, these three funds have been replaced by the Equity Income Trust, Blue Chip Growth Trust and the New Horizons Trust.

The only information I can find on these trusts is that they are not required to be filed by the SEC. There are no ticker symbols, no way for me to track them daily and no way to monitor their makeup (capitalization and sector holdings). Am I suppose to just "Trust" T Rowe Prices Trusts?

Any input on this? Just short of half of our retirement is in these trusts. I am considering stopping contributions to my wife's 401k and doubling up on mine to make up the difference.

Please offer any input.

Thanks

Chris

New Orleans

Fund Mix Adjusting

dtconroe — Thu, 29 Oct 2009 18:34:10 GMT

Anyone altering their mix of funds these days as the market churns along? I decided to adjust my mix to include a higher percentage of equities than bonds--moved some money out of Spectrum Income into Capital Appreciation. I also increased the percent of money in large company international funds. The volatility of the market is a bit disconcerting, but I have a cautious optimism we are going to bump along to somewhat higher levels in the stock market.

dtconroe

Emerging Markets Bond Fund

Jane — Thu, 29 Oct 2009 17:22:09 GMT

PREMX's NAV is closer to crossing (descending) its 50 day moving average than in many months. Would appreciate insights on influence of dollar gyrations, general sell-off yesterday and, if it crosses, how long it will stay below? Would you advise buying, selling or waiting? Thank you.

TRP's third quarter

lornadoone — Sat, 24 Oct 2009 21:44:23 GMT

In case you missed the two-sentence MarketWatch report that appeared briefly on the Morningstar homepage yesterday, here is a longer article.

There was a profit :-). It was less than the third quarter of 2008 :-( . It was four cents a share greater than analysts predictions (Who in the world are those mysterious analysts and does it matter?)

TRP's third quarter

Lorna

Mary Miller!

shreinstein — Tue, 06 Oct 2009 22:17:00 GMT

I'm surprised that no one on the TRP forum has mentioned this yet...

http://news.morningstar.com/articlenet/article.aspx?id=311001

T. Rowe's Miller Tapped for Treasury Post

Departure of fixed-income head would mean big shoes to fill.

By Harry Milling | 10-05-09 | 07:00 PM | E-mail Article

President Barack Obama intends to nominate T. Rowe Price's director of fixed income, Mary Miller, as U.S. Treasury assistant secretary for financial markets, T. Rowe Price said. The appointment requires Senate confirmation, and there has been no specific timeline disclosed for the hearings or Miller's departure.

For T. Rowe investors, we see no reason for concern here. T. Rowe tends to replace senior management positions internally, with the departing manager working with the incoming one over a transition period of several months. While the Treasury's timeline may not afford a generous transition period, we would note that if the successor is one of the senior portfolio managers, that person may not leave his or her current management post, as Miller herself retained portfolio management responsibilities in her role as director.

Whoever it is, he or she will have big shoes to fill.

Of the $315.6 billion in assets T. Rowe had as of June 30, 2009, 28% were in fixed income securities, and there are 35 fixed-income mutual funds. Moreover, the director of fixed income plays a key role in overall investment policy at T. Rowe through a seat on several management committees, including T. Rowe's influential asset allocation committee. That committee sets equity and fixed-income weightings for all the firms' asset allocation products, including T. Rowe's well-known target-date retirement fund lineups.

In addition, Miller had also continued at the helm of the municipal bond fund, T. Rowe Price Tax-Free Income (PRTAX), up until only last week, officially giving up the reins on Oct. 1 after managing the fund since 1997. A 26-year veteran at the firm, Miller's most recent fixed-income experience had been focused within tax-free munis before she was named head of T. Rowe's overall fixed-income division five years ago. At the time, her elevation surprised some who expected a candidate from a larger part of the fixed-income market to be chosen for the director's role. On the other hand, Miller's reputation as a diplomat scores high within T. Rowe's teamwork culture.

If the past is any guide, the list of possible successors is wide open and may include a number of T. Rowe's talented senior portfolio managers in fixed income. For example, there is Mark Vaselkiv, who heads the high-yield team and manages T. Rowe Price High Yield (PRHYX), a Fund Analyst Pick, and Ian Kelson, who heads up the global bond team and managesT. Rowe Price International Bond (RPIBX), also an Analyst Pick. Besides Miller, these are the only two within fixed income who also have a seat within the asset allocation committee.

Meanwhile, it seems Miller is no stranger to politics. Before joining T. Rowe in 1983, she spent one year as a legislative aide to Congressman Robert Young in the U.S. House of Representatives. While she undoubtedly dealt with Treasury officials on occasion in her role, Robert Gensler, manager ofT. Rowe Price Global (PRGSX) offered his own circuitous connection to the Treasury. His twin brother, Gary, is now chairman of the U.S. Commodity Futures Trading Commission, but he was also under secretary of domestic finance at the Treasury from 1999 to 2001 and from 1997 to 1999, assistant secretary for financial markets, the position for which Miller has been nominated.

Introduction & a few questions

O2Ranger — Sat, 17 Oct 2009 21:15:51 GMT

Introduction & a few questions

Spent the last couple of days reading these forums and decided to stop being a lurker. I recently let my financial advisor go in order to get out of some bad investments and take control over my portfolio. While I do have to question why someone would take advantage of someone in the manner he did, ultimately I can only blame myself for not being involved with my own money.

Before I get into my questions a little background to help you all formulate a better response. I started investing when I was 22 (I'm 31 now). I was on my second enlistment when my wife of one year was in a devastating car accident that left her in a coma. She was just 19 at the time. The Army (Tricare in particular) forced me to choose between getting out or putting her into a nursing home as long term care wasn't covered for spouses. I chose the former and have been taking care of her myself the last 8 years. She doesn't qualify for any in home aid so it's just me. I am fortunate in that I was able to find a job I could do from home. There was so much going on in that first year I decided to let a financial advisor handle all of my investments from the insurance settlement (which wasn't much comparatively).

9 years later and I have exactly what I had when I first started investing (mutual funds). On one hand I guess I'm lucky I gained everything back (I just sat back and held without making any changes during the last couple years). On the other, I feel I could of done a lot better.

I didn't even know what an expense ratio was until a few weeks ago. I was in all SunAmerica funds; Value, Growth, International (70% / 20% / 10%) with expense rations of 2.3%+ Which is what I meant by being taken advantage of. Who does that to someone in my situation?

My wife's uncle is really into investing and recommended I look at TRP. He suggested I go with one of the lifecycle funds and the mid-cap growth. Which is what I did after a few weeks of researching. I was close to going with Vanguard but chose TRP in the end. I put 70% into the 2040 (TRRDX) and 30% into the mid-cap growth (RPMGX). From reading on here it seems most of you steer way from the retirement funds and are a lot more enamored with PRWCX. Which has me second guessing my choice.

I have a small amount (enough to meet most TRP minimums) that I still need to invest. I was looking at something international like the New Asia Fund, although not necessarily that fund. I'm looking for some recommendations.

I have no problem buying and holding and actually prefer that. I have enough faith that in the long run things will come back up. ALL of my investments are for retirement but since I'm still pretty young, I have time and room to invest in some higher risk funds with the prospect of higher gains.

Everyone has been leery of giving me any advice due to my unique situation. Here's the deal though, I'm not going to buy a fund based on any one person's advice. I'm also not going to point fingers should a reccomended fund not work out. I'm smart enough to know nothing is guarenteed and it's my responsibility to do my own DD.

My income is pretty much what it's going to be. Without any help in caring for my wife, I don't have the opportunity to work more, climb the ladder or find a better paying job. I am able to contribute monthly to my IRA (which BTW is the mid-cap growth due to the change of higher capital gains over the 2040 fund) but what I make now is what I can probably expect to make for a long time. Again, ALL of my investment goals are so that I can retire and focus on just caring for my wife. At what age? Well, that all depends on how my investments do. :)

Other investments:

I have a Wells REIT - another bad investment made by my financial advisor. It's gained steadily over the years but as soon as it's cycle is done I plan on moving all of that to my mutual funds. I really have no idea how a REIT works other than my money is locked up for about 10 years and it's in real estate. I can't wait to be free of this thing. The amount in my REIT is roughly equal to what I have in my funds.

I invested money (start up) into the company I work for which pays me 6% per year and 5% of the companies revenue on top of that. It was high risk due to the chance of a new company going out of business but it was an investment in my career and so far has paid off. Once that is paid back it will go into my mutual funds.

I have a full years worth of expenses in a MM account. I know most say a year is overboard but given my situation I feel it's needed. Transferring that to Ally next week to take advantage of their higher rates.

I have some savings bonds that aren't earning anything ATM.

___________

I'd like to cash in those bonds and get them invested in something with very little risk but at least earning something. Someone mentioned some AAAA Corporate Bonds?

Ok this got a lot longer than I expected but hopefully it's better than the "I need help. What fund" pots with no background info.

I'll hold off on my other questions until I see if anyone replies.

Thanks for taking the time to read this and I'm excited to be here and taking hold of my own investments!

Betting against the dollar

pawpaw — Thu, 15 Oct 2009 22:31:55 GMT

Does anyone have suggestions as to mutual funds that will benefit from the dollar's continued weakness? I own RPIBX and am looking for some other alternatives.

Will you enter and sign in, please?

HettyGreen — Sun, 04 Oct 2009 17:18:55 GMT

TRPeepz, we haven't had a formal roll call in a bit, so I'm giving the old WHAT'S MY LINE? a revival. migues' "Friends at TRP" is a classic thread that I honor as its own special, inimitable entity.

Never and None The Less *two office elves who help out in the office* today I wanted to wish everyone a happy Fall 2009 and to find out what all and sundry *two more elves hired as temps* are up to now. Personally, professionally and financially, what are you doing for the rest of a year with less than 90 days remaining in it?

Your hearts will break, I realize, but I probably won't be posting much around here, if at all, for the near future. Nothing new to report on the TRP front: PRWCX is what I have now and plan to have for the future. Dishwater dull me. :(

While my work time's still devoted to building the one-Queenie business, my alloted goofing off, water cooler gossiping time will be wasted primarily on Facebook. Fewer conspiracy theories, more pictures of squirrels drinking coffee! :)

So, kicking John Charles Daly out of the moderator's seat and pretending I'm Arlene Francis, Mystery TRP Guests, "will you enter and sign in, please?"

;)

HETTX, A QH1 Fund

PRNEX manager change

randan — Sat, 10 Oct 2009 14:46:11 GMT

For those invested or thinking of investing here, found this at FundAlarm.

Effective June 30, 2010, Timothy E. Parker will replace Charles M. Ober as Chairman of the New Era Fund’s Investment Advisory Committee. Mr. Parker joined T. Rowe Price in 2001 and his investment experience dates from 1997. He has served as an equity research analyst for the past five years. Mr. Ober will remain a member of the committee until he retires from T. Rowe Price on December 31, 2010.

<edit> T Rowe seems to handle manager changes well and provides plenty of advanced notice of pending changes.

Help --

Melissa — Sat, 17 Oct 2009 03:51:09 GMT

I am planning to invest 45K from money market in the next few weeks.

How about the following distribution --

PREMX -- 25K

RPIBX - 20k

Thoughts ?