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Thank you Junkster for the Perfect Investment - High Yield Muni Bonds

Dexter
edited June 2016 in Fund Discussions
The Junkster pointed out High Yield Muni Bonds awhile ago and they have been a fantastic investment for recent times - positive capital and dividend investment.

I've stopped re-investing the dividends to build up some cash.

http://finance.yahoo.com/echarts?s=HYD+Interactive#{"range":"2y","allowChartStacking":true}

Comments

  • JunksterJunkster
    Been away on a hiking vacation. Good for you and and your 6.63% YTD beats most investors as well as your return last year. You have more staying power than me as I have moved on to junk coporates. I am not as heavy there as I am wont to be because I have been thinking too much lately. Never good when I think. The "experts" here just can't seem to grasp why the reach for yield in the U.S. Maybe because it's getting to be the only place where there is any yield? Reaching for yield "normally" ends badly as we are always told so we shall see how it turns out this time around in these not normal times for rates worldwide.
  • shipwreckedandalone
    Junkster, do you mind sharing the specifics of what you bought in the junk corporate area?
  • WaltJ
    I'd also like to thank Junkster for previous favorable comments about PRHYX (its global counterpart RPIHX is also excellent) and PREMX; both have been great this year, and also long-term.
  • MikeW
    Junkster I'm assuming I'm too late to the party to put new money to work in high yield... What are your current thoughts? Thanks!
  • JunksterJunkster
    In junk corps I hold WAHYX and CHBAX after selling IVHIX. I still think junk will see double digit returns in 2016 but I hold only 30% in junk corporates. That is very, very light for me. That is because they are more volatile than normal this year and also because they have been so dependent on oil. I would like to get heavier if the market cooperates. In bank loan I replaced SAMBX and EVFAX with RSFYX.
  • MikeW
    thanks. Can I ask what your current asset allocation is? Are you an active trader in these funds or more buy and hold?
  • shipwreckedandalone
    MUB is trading at $114... way above par.
  • CrashCrash
    WaltJ said:

    I'd also like to thank Junkster for previous favorable comments about PRHYX (its global counterpart RPIHX is also excellent) and PREMX; both have been great this year, and also long-term.

    Got into PREMX in '10. Still a large holding for me, though I hold much less than I once did. Rates are nuts, around the world--- and currencies! Jay-zus. PREMX up 11.88 YTD. But the value is in the long-term. I originally bought at $13.26. We'll never see THAT again, but in the meantime, I can't even count the total monthly divs. that fund has paid me over 6 years.

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