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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
@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…
How many funds is the right number?
I’m guessing that the answer might depend on how you generate/acquire money for current annual spending, and how you choose to mitigate risk among those choices.
Stocks up over 1% for me today were small cap defensive and NVDA and AVGO.
It was generally a wasteland.
But AVGO was indeed up, as they had discussionsmwith OpenAI, the generative artificial intelligence startup backed by Microsoft (MSFT), about …
Sold 1/3 of my of FNMA position and added to BMQSX. The dry powder is piling up. SPHQ or JQUA (as mentioned by Mr. Moran) are funds on the watchlist, but the majority are appearing overbought. Even boring stalwarts such as SCHD, DIVO, or EVT have a…
Fortunately, MFO includes them in its screening, as several are included as Great Owl designations.
FYI, an earlier post cautioned against “destructive ROC”. Linked is a very informative article by Eaton Vance on the subject.
https://funds.eatonva…
what the maximum % of a portfolio that should be committed to a single CEF might be.
Anybody have a good answer? 5%? 10%? 0?
Hank...personally, I'm not sure why the percentage would be different than another stock or fund holding simply becau…
I bought PONAX on Wednesday, to go along with DODIX, WCPNX, OSTIX plus NAD in the taxable account and a few preferred CEFs. That brings me to about 20% fixed income...and I think that's a good spot to settle into.
interesting to note that vhcax, the 3rd primecap vanguard fund w/admiral fees, has not reopened.
its largest holding, lilly @$2.5b in value, is bigger than the next 4 combined.
if i had to guess one secret sauce for primecap and giroux, its avoidin…
I would be cautious adding REITs to a taxable account...they may want to research that a bit further given the taxable nature of the distributions. PFE is a tempting turnaround story.
Given the fact that the market appears to be wanting to broaden…
@PRESSmUP Why no T-bill or cds ?
No specific reason. My current positions have good coverage within the FI space, provide a healthy distribution, good opportunity for capital appreciation, and liquidity if needed. I spent a fair amount of time exam…
I established a full position in DODIX on Friday using funds from a MM. Original plans were to purchase an allocation fund, but equities appear to be just too pricey at the moment, even though the outperformance is uneven in nature. This takes the f…
