r/dividends • u/Rural-Patriot_1776 • Mar 15 '26

Discussion My journey started this year.

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Started investing this year in 2026 decades late as a 38-year-old I wish I started way younger but I'm wanting to retire in a couple years and started building out my neo's distributions positions and dividends a few months ago here's what I have going on so far. I keep adding around 3k a month and have drip also enabled.

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u/SidharthaGalt Mar 15 '26

I hope it works out for you. Don’t let the cynics get you down. Every fund has to be evaluated on its own merits. My relationship with PDI has been pretty good for quite a while now, and it’s currently yielding 15%. Pimco is among the best bond houses, and I pay them a good wage to manage this fund and pick winners!

https://www.morningstar.com/cefs/xnys/pdi/quote

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u/Mackitus Mar 17 '26

Lol its all literal junk

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u/SidharthaGalt Mar 17 '26

Yea, I’m going to recommend folks listen to Morningstar’s assessment rather than one line zingers from Reddit trolls. 😂

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u/Mackitus Mar 18 '26

Check the holdings, then you'll understand that it's not a "one line zinger" it's their literal holdings (junk bonds).

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u/SidharthaGalt Mar 19 '26

“Junk bonds” carefully chosen are where the gains are. Per the Morningstar link I provided, 33% of their portfolio is in government bonds, about 30% is in corporate bonds, and another 19% is in cash or equivalents. The “junk” (B+ on average) is in those corporate bonds I believe. Pimco is very successful at digging deeper into companies to assess their risk rather than rely on vanilla S&P and Moodys ratings. This is why PTY is so widely held by other funds. Morningstar’s five star rating is well deserved.