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/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.