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Friday, in my taxable a/c, opened a new position in PRWCX, after receiving an opinion from my investment advisor, he felt a tradable bottom was in place, given the extreme oversold conditions. In dfd accounts, added to positions in PRCFX and MGK. In retrospect, wish I had been braver with the amounts purchased.
Monday, in taxable acct, opened position in JGRO. Nibbled more on DFAT (SCV) and SCHD (they just did their annual reconstitution of holdings. I like what they have done). In dfd account, nibbled more on MGK.
At which brokerage company did you open a new position in PRWCX?
Trying to understand the context of opening a position in PRWCX (not the best fund to express a bullish reversal) upon sensing a tradable bottom, what is your target effective equity allocation?
My google search for "what is a DFD account" did not turn up any credible answers. What is a dfd account?
At which brokerage company did you open a new position in PRWCX?
Trying to understand the context of opening a position in PRWCX (not the best fund to express a bullish reversal) upon sensing a tradable bottom, what is your target effective equity allocation?
My google search for "what is a DFD account" did not turn up any credible answers. What is a dfd account?
As the questions are a scant off-topic for the thread topic , I will message you responses.
Limit order is in for slightly below today's closing price in BLX. Just a handful of shares, using dividend money, paid today. *EDIT TO ADD: yes, the order was executed this morning, Hawaii Time. A small remainder of the dividend given yesterday is going into SWVXX. 26/03/2025.
a. sold a few small CEF positions (DMO, JRI). The catalyst for the sales was twofold: streamline the number of holdings, and modestly de-risk. Used the proceeds to add to PRCFX. b. In a separately-custodied acct, opened initial positions in VYM and PFTPX (low-duration version of PIMIX).
@PopTart- We held a fair amount of Brk.b for some years, but got tired of no dividend, so the only potential gain was an increase in NAV. However for a younger person just playing the long-term market that may be perfectly OK.
Thanks OJ! I've been in brk.b for 9 years and it's been a good diversifier in my portfolio. I'm in it for the NAV increase and it's been performing relatively well since Cheeto showed up again.
Dumped TDS preferreds today to raise some extra cash. Preferred-wise, I'm only holding T preferreds now but I've been reducing that fairly large position in recent months as well.
Otherwise i'm about as streamlined as I care to make myself ahead of Tariff Baby's moves on Wed.
Bought a few hundred bucks of whiskeys from UK & Canada as a hedge against Tariff Toddler's scheduled economic s--tslinging around the world this afternoon - can that qualify as a 'medical expense' on my 2025 taxes? (Several were cheaper online than what I can get locally, which made it even nicer.)
Market-wise, I'll probably thow on some lowball buy orders on stuff I want (or add to) later this morning, too.
Earnings season is coming up, so companies are going to be forced to address tariffs on their calls and they will probably project uncertainty. We will likely see selloffs even for earnings beats.
While today is looking enticing on a few stocks, I'm thinking of assembling a buy list and going 10+ percent lower from now...
Earnings season is coming up, so companies are going to be forced to address tariffs on their calls and they will probably project uncertainty. We will likely see selloffs even for earnings beats.
While today is looking enticing on a few stocks, I'm thinking of assembling a buy list and going 10+ percent lower from now...
Excellent post.
Schwab's Sonders on Wed, pre-buffoon and plaque show, pointed to earnings season as the next time we will get anything resembling clarity. IMO, the CEO guidance at that time, IF the tariffs are still in place, will be bad news at best.
I fail to see how CEO's will be able to project or offer much of any guidance whatsoever while a 2-yr old toddler is pulling the strings on his diaper. This entire administration should be fired en masse. For a sleepy uncle at least Joe didn't screw the pooch.
I fail to see how CEO's will be able to project or offer much of any guidance whatsoever while a 2-yr old toddler is pulling the strings on his diaper...
Agreed. And she said (paraphrasing)..."anything resembling clarity..."
And that is exactly the problem that leads many to believe the overall guidance, whatever it may be given the current boundless uncertainty, will be perceived as BAD news.
A half-mile too late? In the T-IRA: selling ALL junk bonds. TUHYX, the biggest slug, will go into Schwab's SWVXX Money Market. Still shows a yield back up to 4.17% on Sunday afternoon.
Also, selling PRCPX and switching into Weitz core-plus WCPNX. I own that Weitz fund also in taxable. I hope uncle David Giroux is being smart. Surely smarter than me.
I made three small buys today At about 1.6% of total portfolio. Two at Vanguard & one at Schwab. No waiting in line, so maybe things are slowing down a bit. Sold some funds over the last few months & trying to get back to 30 or 35 % in equities. Hopefully the dippers take note, Ha Ha!
Comments
Total mistake on my part. 'nuff said.
I will reinvest the "free money" that comes via dividends. Otherwise, I'm keeping it simple, just growing the MMkt fund.
Gundlach is expecting recession. Sounds like he’s cutting risk.
Monday, in taxable acct, opened position in JGRO. Nibbled more on DFAT (SCV) and SCHD (they just did their annual reconstitution of holdings. I like what they have done). In dfd account, nibbled more on MGK.
At which brokerage company did you open a new position in PRWCX?
Trying to understand the context of opening a position in PRWCX (not the best fund to express a bullish reversal) upon sensing a tradable bottom, what is your target effective equity allocation?
My google search for "what is a DFD account" did not turn up any credible answers. What is a dfd account?
*EDIT TO ADD: yes, the order was executed this morning, Hawaii Time. A small remainder of the dividend given yesterday is going into SWVXX. 26/03/2025.
In dfd accounts,
a. sold a few small CEF positions (DMO, JRI). The catalyst for the sales was twofold: streamline the number of holdings, and modestly de-risk. Used the proceeds to add to PRCFX.
b. In a separately-custodied acct, opened initial positions in VYM and PFTPX (low-duration version of PIMIX).
Otherwise i'm about as streamlined as I care to make myself ahead of Tariff Baby's moves on Wed.
Bought a few hundred bucks of whiskeys from UK & Canada as a hedge against Tariff Toddler's scheduled economic s--tslinging around the world this afternoon - can that qualify as a 'medical expense' on my 2025 taxes? (Several were cheaper online than what I can get locally, which made it even nicer.)
Market-wise, I'll probably thow on some lowball buy orders on stuff I want (or add to) later this morning, too.
Earnings season is coming up, so companies are going to be forced to address tariffs on their calls and they will probably project uncertainty. We will likely see selloffs even for earnings beats.
While today is looking enticing on a few stocks, I'm thinking of assembling a buy list and going 10+ percent lower from now...
Schwab's Sonders on Wed, pre-buffoon and plaque show, pointed to earnings season as the next time we will get anything resembling clarity. IMO, the CEO guidance at that time, IF the tariffs are still in place, will be bad news at best.
And that is exactly the problem that leads many to believe the overall guidance, whatever it may be given the current boundless uncertainty, will be perceived as BAD news.
In the T-IRA: selling ALL junk bonds. TUHYX, the biggest slug, will go into Schwab's SWVXX Money Market. Still shows a yield back up to 4.17% on Sunday afternoon.
Also, selling PRCPX and switching into Weitz core-plus WCPNX. I own that Weitz fund also in taxable. I hope uncle David Giroux is being smart. Surely smarter than me.
Hopefully the dippers take note, Ha Ha!