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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.
No. $39.64 is what I bought the stock at. But it’s worth 2-cents less now. It’s one of the last beers I’d buy or drink. Haven’t bought any in years, but if folks want to pay $39.64 for a case that’s just dandy with me. Go to it. While I added this to my “BARF” basket along with 7 other long shots, the term isn’t meant to be a reflection on the product.
Three agency bonds were called and with those funds placed orders for 2 Fed Farm Cr Bk agency bonds (2-yr with 1-yr call protected), and funds APDPX and NRDCX. So I’ve distributed fixed income investments to both US and non-US debt.
In the IRA: Sold BSBIX. That duration and yield aren't going anywhere at the moment. Even BUBIX would be an improvement. I'll probably add it to FLTR, or similar.
@Old_Joe - Vanguard had the same initial message, but there was a line further down (in smaller print) where I could re-enter the cusip and the bond came up. Don’t know if Schwab has something similar.
OK, now it's showing at Schwab: It is 4.32%, but the purchase price is 100.98000. With that cost- • The Yield to Maturity (YTM) is 3.813, and • The Yield to Worst (YTW = first call date) is 3.344
My SUTXX MMKT at Schwab is currently 3.8, so I see no advantage to the Farm Credit Bank Bond. Thanks for the exercise though... I need to review all this kind of stuff from time to time.
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.
I think.
YTW - 3.796
OK, now it's showing at Schwab:
It is 4.32%, but the purchase price is 100.98000. With that cost-
• The Yield to Maturity (YTM) is 3.813, and
• The Yield to Worst (YTW = first call date) is 3.344
My SUTXX MMKT at Schwab is currently 3.8, so I see no advantage to the Farm Credit Bank Bond. Thanks for the exercise though... I need to review all this kind of stuff from time to time.