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Created a new “BARF” basket with 5% of assets today. Will dollar-average potentially up to 7% if values decline substantially from here. Holdings: NWL, CZR, FLO, AJG, BATRA, ESRT, TROW
Over the last few weeks, we reduced overall stocks by several %, especially those have large exposure to technology. Small buys in defensive sectors and value stocks. Reducing short duration bonds to intermediate term bonds.
Sold some RCTIX and bought UTG. I held UTG (Utility CEF) before and always liked it. A rare CEF that has never cut and only raised it's dividend since inception. I'm thinking 6.4% long term hold as long as I ignore the price swings.
Comments
Bought CGIC with the proceeds.