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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.
I ended up buying a slice of HSDIX with the proceeds. Around the same duration, with better dividend and--you might say--a little more excitement attached.
BUBIX, CBUDX, and CBLDX remain under close scrutiny since they have recently been lagging BBBMX and/or FUGSX. So is OSTIX, but that slipped into the red the day after I bought it, so patience will be required. Sigh.
Sticking with international on the equity front....topped off BRXAX and EADOX, and will add a new position in BINC next week as the calendar flips. I will also add a new position in the IRA....LVHI, to pair with an existing position of DIVI in my taxable account. Franklin seems to do well with conservative international holdings...which I favor. For a bit more spice, I'm looking at JIVE for the taxable account. JP Morgan is a house I really like.
Federal Home Loan Bank - 5yr w/2-y call protected CUSIP 3130B8JD5 YTW - 3.847 YTM - 3.863 YTC - 3.847 Coupon - 3.875 Picked this agency bond for our taxable acct. As a federally funded loan, it is state tax exempt.
Yesterday at the close went back into emerging markets equity. I thought my exit there in ARTZX posted on October 10 would go down as a major mistake. But not quite. Back in with small positions in ARTZX and SIVLX. Small positions can lead to large losses so using 3% trailing stop. Largest holding remains emerging market debt. Using HOSIX in lieu of cash.
Everyone is anticipating another Zweig thrust being triggered a week from Friday. Be interesting if it kicks in near the highs instead of its usual after a large decline like this past April and other market bottoms. But we need another week of gains for it to trigger.
Edit. AGEYX and EIDOX in energing market debt. Mentioned them several times in the past and pleasantly surprised AGEYX doesn’t seem to be held by anyone here.
My 10 stock “BARF” basket (of losers) has been heaving leaping. CZR +18% past couple weeks. NWL, WEN, HEINY all positive since purchased. Laggards: CNS -7.5% and FLO -4.5%
Agree with @Junkster using stops can prevent big losses. I haven’t employed them. Don’t want to get stopped out. I’m thinking even should 1 or 2 of the BARF holdings go to zero (somewhat unlikely) 1 or 2 could easily double. I’m also not rebalancing the BARF basket. All told, the whole basket = 10% of portfolio. (Initially each holding equaled 1%.)
If there’s anything of value in my post it might be that some badly beaten small and mid-caps seem to have reversed direction recently. My hunch is that it’s tied to the prospects for easier money as the Fed turns to new leadership and more control from on top. Some companies in the basket carry a lot of debt - CZR in particular.
Disclosure - In the interest of honesty, I’ll note that I had incurred a substantial loss with CZR after holding it in a different basket briefly a month or so ago. But since creating the BARF basket and re-purchasing it, CZR has excelled. Net.Net. I’ve lost more than I’ve made YTD with that one.
In the IRA: Sold BUBIX, CBUDX, and FLTR. CBUDX and BUBIX have fallen behind FGUSX in performance and yield. I'm not sure where the proceeds will go. Watch this space.
FLOT will replace FLTR as the designated floater. It has a higher exposure to government and foreign issues than the other funds that were under consideration. So I have given up a little performance.
Comments
BUBIX, CBUDX, and CBLDX remain under close scrutiny since they have recently been lagging BBBMX and/or FUGSX. So is OSTIX, but that slipped into the red the day after I bought it, so patience will be required. Sigh.
https://www.barrons.com/market-data/stocks/blx?mod=searchresults_companyquotes&mod=searchbar&search_keywords=blx&search_statement_type=suggested
...But dammit, I hate to see these guys selling-off into the closing hour on the way to 4:00.
Federal Home Loan Bank - 5yr w/2-y call protected
CUSIP 3130B8JD5
YTW - 3.847
YTM - 3.863
YTC - 3.847
Coupon - 3.875
Picked this agency bond for our taxable acct. As a federally funded loan, it is state tax exempt.
Everyone is anticipating another Zweig thrust being triggered a week from Friday. Be interesting if it kicks in near the highs instead of its usual after a large decline like this past April and other market bottoms. But we need another week of gains for it to trigger.
Edit. AGEYX and EIDOX in energing market debt. Mentioned them several times in the past and pleasantly surprised AGEYX doesn’t seem to be held by anyone here.
heavingleaping. CZR +18% past couple weeks. NWL, WEN, HEINY all positive since purchased. Laggards: CNS -7.5% and FLO -4.5%Agree with @Junkster using stops can prevent big losses. I haven’t employed them. Don’t want to get stopped out. I’m thinking even should 1 or 2 of the BARF holdings go to zero (somewhat unlikely) 1 or 2 could easily double. I’m also not rebalancing the BARF basket. All told, the whole basket = 10% of portfolio. (Initially each holding equaled 1%.)
If there’s anything of value in my post it might be that some badly beaten small and mid-caps seem to have reversed direction recently. My hunch is that it’s tied to the prospects for easier money as the Fed turns to new leadership and more control from on top. Some companies in the basket carry a lot of debt - CZR in particular.
Disclosure - In the interest of honesty, I’ll note that I had incurred a substantial loss with CZR after holding it in a different basket briefly a month or so ago. But since creating the BARF basket and re-purchasing it, CZR has excelled. Net.Net. I’ve lost more than I’ve made YTD with that one.
FLOT will replace FLTR as the designated floater. It has a higher exposure to government and foreign issues than the other funds that were under consideration. So I have given up a little performance.