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I've not yet bought any domestic junk. Guess I will wait. I've had my sights set elsewhere. My collection now includes: 1) a zero coupon foreign gov't bond: 5% of holdings 2) PREMX 40% 3) MAINX 2.7% 4) DODIX 2.25%
I'm too accustomed to the ups and downs of my funds as opposed to individual stocks. I do not like holding PFE, but the div. is .22 cents per share per quarter, and I've been told here at MFO that its price target by the end of the year is $26.00. I dunno how that company is going to get to $26.00, but anyhow, here we are.
In keeping with the trend of buying Junk, I just bought shares of AWF Alliance Bernstein Global High Yield . I placed limit order bids for several shares on different days well below the asking price good until canceled. So when the general market went own at least I felt a little better when my orders were filled and later the share price popped up a bit. Lately I find CEF's interesting. prinx
Comments
1) a zero coupon foreign gov't bond: 5% of holdings
2) PREMX 40%
3) MAINX 2.7%
4) DODIX 2.25%
BONDS= 50%
5) MSCFX 2.25%
6) MAPIX 30.5
7) MACSX 3.6%
8) PFE 15.5%
EQUITIES= 50%
I'm too accustomed to the ups and downs of my funds as opposed to individual stocks. I do not like holding PFE, but the div. is .22 cents per share per quarter, and I've been told here at MFO that its price target by the end of the year is $26.00. I dunno how that company is going to get to $26.00, but anyhow, here we are.
http://www.bloomberg.com/news/2012-04-09/cheapest-equities-in-six-years-lure-schroders-china-overnight.html
could be speaking too soon, but I would be more careful then greedy
Alliance Bernstein Global High Yield . I placed limit order bids for several shares on different days well below the asking price good until canceled. So when the general market went own at least I felt a little better when my orders were filled and later the share price popped up a bit.
Lately I find CEF's interesting.
prinx