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My financials and oil/gas stuff are getting mercilessly beaten down, lately. Holding. I'm convinced they'll still be an extremely good LONG-term holding. Dividends are one big reason.
Action in the IRA today: Bought MGOIX to equal roughly 6% of the portfolio. It has been trending nicely among the longer duration funds I track. I like the fact that it is not made up of the usual suspects.
I started small positions in several equity funds because I don't know how long exuberance can remain irrational. Because I plan to add to the funds over time, I limited myself to NTF's with small minimums. None the less, I feel comfortable with equal positions in ALVIX, EISIX, FMIEX, and FMILX. More importantly, I will feel comfortable buying more in the future.
For the taxable I am considering EISIX. FMILX might look nice at a lower price but would likely be duplicative of other holdings
Sold VZ yesterday. I had held it for the dividend income and some CG's but lately it's behaved more like a 'meh' investment. Used the proceeds to buy QDVO which so far has been a better income source and I also added to QLENX.
Should also mention that lately I've been selling off my single stock holdings in favor of ETF's. It just feels safer to me.
Comments
I started small positions in several equity funds because I don't know how long exuberance can remain irrational. Because I plan to add to the funds over time, I limited myself to NTF's with small minimums. None the less, I feel comfortable with equal positions in ALVIX, EISIX, FMIEX, and FMILX. More importantly, I will feel comfortable buying more in the future.
For the taxable I am considering EISIX. FMILX might look nice at a lower price but would likely be duplicative of other holdings
Should also mention that lately I've been selling off my single stock holdings in favor of ETF's. It just feels safer to me.