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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.
My new BARF portfolio was my best performer today. Bought in about 30 minutes after open. Picked up NWL @ $3.29 and it rocketed up nearly 4% from there to close at $3.42. Overall the 7 holdings gained 1.14% after I bought them. However, for the full day they were mixed, with 2 in the red and 2 unchanged. My goal is become as good as FD.
Glad you liked it. I’ve not known FD to reveal his holdings until after he has cashed out.
The real laugh might be when checking past performance of some of these stocks. While Newell Brands (NWL) rose slightly today, it is down 65% YTD. Caesars Entertainment (CZR) is down 35% over 6 months. Flowers Food (FLO) is down 45% YTD.
It’s a spec play, the thinking being that a basket full of these “dregs” in small quantity, may allow me the staying power to wait them out. Obviously I believe them to have good upside potential from the current depressed levels.
Comments
Bought CGIC with the proceeds.
The real laugh might be when checking past performance of some of these stocks. While Newell Brands (NWL) rose slightly today, it is down 65% YTD. Caesars Entertainment (CZR) is down 35% over 6 months. Flowers Food (FLO) is down 45% YTD.
It’s a spec play, the thinking being that a basket full of these “dregs” in small quantity, may allow me the staying power to wait them out. Obviously I believe them to have good upside potential from the current depressed levels.