Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
Resting 500s starter position in AMLP filled this afternoon. Happy to add more as appropriate.
That fund and related holdings have had a nice run over the last 4 years. Quite the chart. I've got to think the trend is your friend absent a black swan…
Citigroup has had a nice run over the last 2 years as Jane Frasier's realignment of the firm is bearing fruit. I sold my IRA position in C and will be adding JAAA at month end. Citigroup maintains its position in my taxable account.
@WABAC
On the Osterweis (OSTIX) quarterly webinar today, they mentioned staying short, 1.5 years because they’re not being sufficiently rewarded for taking on additional duration risk.
Last week I sold out of PONAX and WCPNX...leaving OSTIX, JPIE, NEAR, PDI and a handful of muni's in the taxable account as the current bond positions. The fluctuation of interest rates is unsettling.
Osterweis is having their quarterly webinar to …
@msf
"Color me skeptical. Money managers like Vanguard and Fidelity tried to do this and failed."
No doubt. But your Barron's article suggests why my portfolio is perhaps different than that of those 2 firms..." One hurdle: Managed payout funds ha…
An annuity-like distribution is certainly possible. I'm using a combination of funds such as SCHD, DIVO, NEAR, JPIE and a handful of dividend paying stocks and CEFs which comprise 2/3 of my portfolio to generate an annualized portfolio distribution …
@bee
Thanks for the thoughtful, and timely article. As I believe we're due for a substantial correction and what many pundits are forecasting what may be a replay of the 2000's "lost decade", allocating a portfolio for generating reliable passive…
In my IRA, I sold off DODIX and added to an ever expanding mound of dry powder in SWVXX whose principal value is unconcerned with interest rate fluctuations.
In taxable, GSIHX and SGPG were sold. I added 10% to existing holdings in SCHD, DIVO and U…
I've asked myself the same question.
The 12 million people who are on the list to be deported do in fact pay federal-state-local taxes, state sales taxes, and property taxes. The Institute on Taxation and Economic Policy estimates that for every 1…
@BenWP : it's striking how dependent we've become on internet access in our daily lives. Hopefully AT&T brings their fiber to your neighborhood, as combining my mobile account along with internet and their TV offering (currently Direct TV) has s…
No interest in that, just a confirmation of why we don’t want to cut the cord in favor of streaming.
Which "cord" would you have an interest in cutting?
From Kathy Jones, head of Fixed Income at Schwab..."Fed Cuts Interest Rate, Projects Fewer Cuts Ahead"
https://www.schwab.com/learn/story/fomc-meeting?hss_meta=eyJvcmdhbml6YXRpb25faWQiOiA3NDYsICJncm91cF9pZCI6IDgzMzQ2MSwgImFzc2V0X2lkIjogMTkxMDYxMywg…
I sold out of GSIHX within my IRA, and with the proceeds I bumped up NEAR, BTO, HTD and plugged the balance into SWVXX. With impending tariffs, I'm a bit unclear what the near term future holds for areas in which Rajiv Jain operates internationally.
@BaluBalu ...I've owned this for over 8 years, so it's certainly not a Trump trade. It's a play when FNMA exits from conservatorship where they were incorrectly/illegally positioned many years ago. If I remember correctly, it was the one thing in Br…
@BaluBalu ….it stabilized a bit this afternoon. It spiked up to be my third largest individual holding yesterday, but I’ll continue to watch and wait. Some folks with deep pockets close to Trump have a boatload…Ackman specifically.
“Larry Fink, the chairman and chief executive of BlackRock, one of the world’s largest asset-management companies, wrote that the United States was facing a retirement crisis due in no small part to self-directed retirement financing. Fink said that…
Despite the recent flood of criticism, I've been using 2 covered call funds for a number of years and feel they serve their function quite well within my portfolio. I do prefer funds which write calls to a nominal portion of the portfolio. DIVO (a …
@BaluBalu
If you are OK disclosing, what function do these funds serve within your portfolio?
Why do you own the covered call strategy on QQQ in a CEF? In your experience, what portion (in a range) of the portfolio does the manager write the call…
Despite the recent flood of criticism, I've been using 2 covered call funds for a number of years and feel they serve their function quite well within my portfolio. I do prefer funds which write calls to a nominal portion of the portfolio. DIVO (a …
US media doesn't seem to give much coverage to this, though it deserves more given its possible impact. Although the government's call for arbitration appeared to relieve the pressure, it didn't...with calls for a Monday strike currently planned.
h…
I sold out of GQGIX after a 20% run up since a 4Q23 purchase. It feels a bit rich, and certainly has gotten quite big for an EM fund at ~$23B AUM. An 11% allocation to NVDA/AVGO certainly provided a boost over the past 2 years, but could also serve …
“No visibility on return of invested capital.”
Didn’t I hear a CEO of a Mag 7 say, “ it’s better to be overinvested in AI than underinvested?”
We’ll see how the future unfolds.
@Crash. …that was me. The “Psychology of Bubbles” was interesting, and that was the basis for my earlier comment regarding this book.
“One key lesson to take away is that for investors, bubbles are an incredible opportunity to make money—as long a…
I’ve been reading the lastest book by Lawrence McDonald, “ How to Listen When Markets Speak: Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy”.
Very interesting, a cautionary tale. Very worthwhile…particularly now.
Preferred funds also appear to be maintaining their outperformance, as are funds which combine utilities with preferred shares. I don't believe we've seen the shake-out cycle end quite yet.
I swapped out VHCOX for FPURX. I've held Capital Opportunity for over 20 years, but it just seems to have lost its edge (Similar to why I sold out of POAGX earlier in the year). I think in the current environment FPURX will provide a steadier ride o…
@Joyes
One of the most helpful things I encountered when beginning an investment journey was to purchase and devour materials which covered aspects considered helpful for new investors as well as more seasoned folks with more capital. Upon gradua…
@Crash AT&T’s business and consumer wireline revenues account for ~25% of quarterly revenues, and show a slow but steady decline. This is offset by growth in their mobility segment plus fiber. 40% of fiber customers end up with their combined w…
