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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.
I had mentioned previously holding some ARTZX. Had rolled my SIVLX there. But as of end of market today will be completely out of ARTZX and emerging market equity funds. . Still hold emerging market debt primarily AGEYX but not sure how much longer I will linger there. There is a new area in Bondland that has lagged this year but looks appealing……..
Off topic, but one reason for selling besides my sudden uneasiness with emerging markets was my recent 60th class reunion. What an eye opener and what an impact it had on me. I went to an all boys high school. At our 60th reunion there were over 70 of us all around 78 years old. Canes and walkers abounded. Seems many if not most had stories of heart disease, cancer, diabetes, medications I had never heard of and more. I went out and ran 8 miles the next day and thanked God all day for being blessed. There are more important things in life as we age than worrying about the size of our investment accounts and what we are going to do day by day or week by week in the markets,
HSA was in money market fund after I transferred account from employer a few months ago. Used this cash to buy PIMCO Multisector Bond Active ETF (PYLD) — limit order was just filled.
@junkster, Congrat to your health. All that hiking has kept you in good shape as my doctor has recommended for good cardiovascular health. We stay active in hiking, swimming, and lately dancing (my wife really enjoy that).
My stock allocation is at the low end range with recent selling, so no change this week. Added more NDRCX and JPIB.
No worries, everyone. As for me, my intense physical exercise and training has ended. "No pain, no gain," said my coaches in my youth. My bones and skin are at war with me, and I'll spare y'all the rest. Giggle.
Tiny limit order is in for GGB (ADR.) HQ is in Brasil. Steelmaker. Operations in a few other countries down south, plus the USA. Probably will regret it. 3.4% dividend. Ready. Fire. Aim. LOL. https://www2.gerdau.com/ EDIT TO ADD: Limit order did not go through, and I'm not very patient. Buying shares in junk fund TUHYX tomorrow.
Today I moved everything I had in NEAR (14-15% of portfolio) into AGZD. That’s the closest I come to holding any cash, except for a few bucks left in SPAAX for trading. AGZD is hedged against rate volatility. Should yield roughly whatever intermediate to long high grade bonds do without all the excitement. Suspect a bit higher than short-term bonds going forward. AGZD zigs and zags a bit. Not necessarily bad if it helps offset volatility in other parts of the portfolio.
Enjoyed the discussion of aging. Right now I’m trying to figure out why every bone in my body aches in the morning after sleeping in a newer more upscale more expensive queen bed in the master bedroom, but don’t hurt after a night in an older smaller & softer bed in different room. Nuts.
@hank - maybe consider stuffing some of your cash into the new mattress and see if that helps.
I didn't have to deal with that achey bone and muscle business the first 75 years of my life but it's acting up to me now. Sucks, and I feel your pain.
@Mark,@hank. Side sleeper here,,, bad left shoulder and bad right hip. Nowhere to turn to…plus my cat has something to say about how I sleep as well … seriously this all started since I turned 76.
Side sleeper also. That pain in the bones shoots right through you late at night or upon waking. Not any one area. Legs. Arms. Whatever. Enough to make you scream. Nearing 80. Guess that older smaller bed will have to do until figure this one out. Both shoulders been really sore for months. Arthritis I think. Had a cortisone injection in one a couple months ago. Some relief. I bought a tube of Diclofenac Gel from Amazon recently. Slopped it on both shoulders the other night and most of the pain has gone away. Seems to last a while. Quite amazing.
@Old_Joe. No, the bed didn’t come from the pillow guy! Funny - the (real) wood frame of that smaller bed I’m using now was purchased about 45 years ago at a Montgomery Ward store downstate where I worked back then. Who woulda thunk it would last all those years? Outlasted “Monkey Ward” by a mile. Newer isn’t always better.
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.
Off topic, but one reason for selling besides my sudden uneasiness with emerging markets was my recent 60th class reunion. What an eye opener and what an impact it had on me. I went to an all boys high school. At our 60th reunion there were over 70 of us all around 78 years old. Canes and walkers abounded. Seems many if not most had stories of heart disease, cancer, diabetes, medications I had never heard of and more. I went out and ran 8 miles the next day and thanked God all day for being blessed. There are more important things in life as we age than worrying about the size of our investment accounts and what we are going to do day by day or week by week in the markets,
Used this cash to buy PIMCO Multisector Bond Active ETF (PYLD) — limit order was just filled.
My stock allocation is at the low end range with recent selling, so no change this week. Added more NDRCX and JPIB.
As for me, my intense physical exercise and training has ended. "No pain, no gain," said my coaches in my youth. My bones and skin are at war with me, and I'll spare y'all the rest. Giggle.
https://www2.gerdau.com/
EDIT TO ADD: Limit order did not go through, and I'm not very patient. Buying shares in junk fund TUHYX tomorrow.
Enjoyed the discussion of aging. Right now I’m trying to figure out why every bone in my body aches in the morning after sleeping in a newer more upscale more expensive queen bed in the master bedroom, but don’t hurt after a night in an older smaller & softer bed in different room. Nuts.
I didn't have to deal with that achey bone and muscle business the first 75 years of my life but it's acting up to me now. Sucks, and I feel your pain.
@Old_Joe. No, the bed didn’t come from the pillow guy!