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I'm reaching for yield in my FI funds, in Junk, rather than EM. The latter does not offer a yield that matches domestic Junk. Back during the '08 Financial Crash, I was getting 7% in EM bonds. I'm at about 7% yield combined, in PRCPX and TUHYX these days. PRWCX and PRCFX also hold a variety of bonds. Also, wife holds BALFX in IRA--- another balanced fund.
In the IRA. Sold a small "starter" position in DGRW now that it is in the green after I bought it last November. I am now around 6-7% equity in the IRA.
Bought FLTR and CBUDX to equal about 6-7% each of the portfolio.
I am eyeballing FSLD, otherwise the bond lineup is FGUSX, BUBIX, CBLDX, BBBMX, FLTR, CBUDX. At the present time I don't see any reason to get into longer duration bond funds.
At the present time I don't expect to need to take money out of the IRA until 2029, or April 1 of 2030. So there is still time to get back into equities if conditions look good to me. At present, they don't. Too much exogenous volatility generated by political policies.
Initiated a position in SOR, a moderately conservative global allocation CEF managed by the same team as FPACX. At a 5% discount and 5.7% distribution, the quarterly discussions reflect a bit more aggressive posturing than FPACX, particularly with a FI position in private credit.
Initiated a position in SOR, a moderately conservative global allocation CEF managed by the same team as FPACX. At a 5% discount and 5.7% distribution, the quarterly discussions reflect a bit more aggressive posturing than FPACX, particularly with a FI position in private credit.
We shall see.
Using up some of the dry powder you mentioned yesterday?
Well. My IRA still has toe in equity in case I'm wrong.
Comments
Bought FLTR and CBUDX to equal about 6-7% each of the portfolio.
I am eyeballing FSLD, otherwise the bond lineup is FGUSX, BUBIX, CBLDX, BBBMX, FLTR, CBUDX. At the present time I don't see any reason to get into longer duration bond funds.
At the present time I don't expect to need to take money out of the IRA until 2029, or April 1 of 2030. So there is still time to get back into equities if conditions look good to me. At present, they don't. Too much exogenous volatility generated by political policies.
Pharma is way out of favor. RFK Jr. might even help to provide some opportunities in this sector. He cray-cray.
We shall see.
Well. My IRA still has toe in equity in case I'm wrong.
Thanks for the tip @PRESSmUP - I’ll add SOR to my CEF bench and start following it.