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added a little to my positions in GRID NLR and started a small position in KMI to take advantage of long term ( ie 2030 and beyond) need for electricity for AI etc.
Most of what I read says renewables will not be reliable enough and will need lots of natural gas
Not sure how we can keep pulling up the market without software names and small caps going up. Sold small cap software names and bought industrial value to keep equity constant but unwittingly this further reduced my tech exposure below market weight.
Not sure how we can keep pulling up the market without software names and small caps going up.
Fund-flows into the S&P500 and QQQ's seem to supply an endless line of buyers into the mega cap names represented within those indexes. I'm being more cautious now however.
Holding. Waiting for a further drop, to buy anything. SP500 Record? Not seeing it in my stuff. Doggy poopies. BHB div. today. Nice. Next divvy due is in July: BCE.
So, as I shared back at the end of March that I had moved some cash that had been sitting in a MM fund to some LT Treasuries, PRULX & EDV. What a ride that turned out to be. I sold all into the rally yesterday now that the Fed announced they'll be cutting rates not as much, or at all this year. My total return was actually positive, just barely, like .7%.
Stashed some of the proceeds back in the MM, gave Giroux and TRAIX some of the proceeds as well. Today I added to our existing position in Mastercard and added Microsoft to our individual stock holdings.
I established a full position in DODIX on Friday using funds from a MM. Original plans were to purchase an allocation fund, but equities appear to be just too pricey at the moment, even though the outperformance is uneven in nature. This takes the fixed income proportion to 15%.
No specific reason. My current positions have good coverage within the FI space, provide a healthy distribution, good opportunity for capital appreciation, and liquidity if needed. I spent a fair amount of time examining the funds, so I'm pretty pleased with the folks managing the money.
BCE is at a Low-point not seen since April. Bought a few more. Ex-date on div. was this past Friday. One of the three Canadian legacy phone companies. It's also a Media company these days, too. If it never does much in terms of share price, it's still a cash-cow. The pay-date schedule is Jan-April-July-Oct. 8.76% yield. But the current payout ratio cannot continue forever.
I have never owned a CEF and noticed that PDI has a high distribution ratio, 14.23% per M*. Is this payout ratio the result of leverage employed by the fund and does it also include return of principal?
@Roy - Yes the fund uses leverage. I'm unfamiliar with the term ROP. If you meant to say ROC (Return of Capital) there isn't any at this time (past year) and there has been very little if any during the course of its existence.
Comments
Bought 500s TRP following yesterday's shareholder vote on Southbow spinoff. Not sure I'll keep the spinoff shares but I like TC's pipeline footprint.
(I may move PBA and TRP over to my new Fido account if they'll let me reinvest Canadian dividends, which Schwab won't.)
Most of what I read says renewables will not be reliable enough and will need lots of natural gas
Opened a position in Hack a while back. So far so good. I want to say this is a long term hold. Will add on weakness.
God bless
the Pudd
Stashed some of the proceeds back in the MM, gave Giroux and TRAIX some of the proceeds as well. Today I added to our existing position in Mastercard and added Microsoft to our individual stock holdings.
I have never owned a CEF and noticed that PDI has a high distribution ratio, 14.23% per M*. Is this payout ratio the result of leverage employed by the fund and does it also include return of principal?
PIMCO Dynamic Income Fund