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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
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…
Not sure how we can keep pulling up the market without software names and small caps going up.
Fund-flows into the S&P500 and QQQ's seem to supply an endless line of buyers into the mega cap names represented within those indexes. I'm being more…
Currently the international is sitting at a meager 8%, with GSIHX dating from 2018, and a 2023 addition of it's EM counterpart, GQGIX. I am pleased with both and would consider adding to the EM fund.
In my taxable account, I am planning a move into…
I added to NAD and EVT in my taxable account...adding about 5% to each. Given their FI holdings, they will likely bump up when rates eventually recede along with 4.63% and 7.49% distribution respectively. In my IRA rollover I cashed out of RPMGX. 2…
@rforno ,a divi gives a company inclusion into a fund such as VIG, a dividend growth fund for folks who don’t rely on that fund for its dividend. I view a dividend as a statement regarding a company’s stability of cash flow. Personally, except for a…
Utes today. Maybe it's just sector rotation after all.
I find it easier for me to already be there when things do rotate.
Indeed. A month or so ago I sold UTG and went into HTD…a John Hancock CEF holding both utilities plus preferred shares. I als…
@rforno … it was really interesting with a lot of good information. Examining the heatmap, personally, I’m hoping for a rebound for REITs, and have a big bet on RQI for a down payment in 2 years to buy out my auto lease.
One item was not helpful…on…
I view MOAT as an excellent concentrated fund with a sound strategy supporting it. Not sure if a further breakdown would be better, or simply add more risk.
Doing a bit of clean up...swapped a pure utility fund for HTD, a John Hancock CEF with 60% stocks (mostly utilities) and 40% FI (bonds and preferreds), currently a 10.17% discount and 8.49% distribution. I'm anticipating that as the market broadens …
FWIW, not that it's a valid comparison, but since such a comparison was mentioned, our CD ladder with its just below 4% APY, outperformed GQGPX with its 3.4% average annual return over the past 3-yr period.
;-)
It’s good you limited the GQGPX vs CD …
Jon Sindreu mentions JEPI...$32B AUM and very quickly.
I do recall a recent conversation with Kevin Simpson of DIVO fame, indicating that high volatility enhances the distribution potential of running a covered call ETF...FWIW.
@Old_Joe ...yep. I do think though that the emerging market classification of a dozen years ago is very different than those of today...still with significant political risk, but they do have largely functioning economies. Past EM funds are more si…
@stillers ...the EM space is a lot like a dice table in Vegas. Most of the time you're going to lose money. But...there's NOTHING like a hot dice table. Same for EM.
@WABAC. …several excellent points
-I do think there will be more to AI than chips or servers.
….of course, and we’re only starting to see the very beginnings. The most valuable companied will be those who leverage AI for streamlining operational ef…
@rforno ..."I'm happy to let my funds hold MAG-7s in controlled quantities. I don't need more of them!"
indeed, and they pop up in unexpected places. They are a top holding in Rajiv Jain's international and EM funds for reasons I've yet to hear an …
@Mark ...those are 2 interesting newer funds. I like active ETFs with less than 100 stocks, because it potentially offers better returns. CGDV certainly has an eclectic portfolio.
https://www.etf.com/CGDV
@stillers ...having a significant amount in a high-flyer can create a bit of anxiety. This certainly applies to holders of individual equities, but I'm wondering why folks with significant positions in SPY (or similar) aren't equally wary. They sho…
