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Point taken @Sven
To show the difference holding some good quality bonds makes … Today TCAF (equity only) lost twice as much (-2.21%) as its sibling PRWCX (-1.11%) which holds some bonds.
”Makes me want to slip across the northern border …. “ - Just don’t tell them where you came from. We are not well liked up there …
Trump would like a quick recession & market decline. Appears he’s pushing all the “right” buttons to induce on…
GLFOX gained .86% today. Sorry now I’d put in a small buy order late in the day thinking I’d probably add to my holdings at a discount.
I haven’t looked at ccor recently. But the VIX apparently has romped ahead in recent days. That + the flight i…
Well, I’ve been buying - albeit mostly foreign. But it shouldn’t have taken the pummeling of the last few days to make the point. It’s all about valuations. David addresses that in this month’s Observer and notes that many foreign markets are more r…
Thanks @Observant1
Agree the thread was investment related as you originally posted it. Nice take by Zweig. Making major portfolio moves based on all the shouting from one side or the other isn’t wise. Don’t vote or express your outrage with your…
Added a bit across-the-board to my 7 CEF collection (in equal amounts). That took cash from 12.5% down to 12.0% Interestingly, utilities and some real estate funds are up today.
Thanks for the ideas guys. If I could find some place to throw some $$ I would. I agree that real assets are a good place to be (inflation hedge) but my largest holding is RAPAX - a more conservative real assets fund. And utilities / infrastructure…
He will pass off the blame, and take our markets down.....while he plays golf and threatens our former allies.
Maybe invest in fertilizer and golf balls? Body armor & fake ID if planning travel abroad?
(Just trying to keep this thread under “…
Thanks @BaluBalu. Others might be interested in your suggestion. I wasn’t looking for an Oaktree product. Just thought it worth mentioning the relationship between Brookfield and OakTree. Brookfield does a lot of work in real estate. OakTree focus…
Will add new unique Display period to MFOP and coin it: Trump 2.0. Will start November 2024. End current month or until there is a new president.
SNL’s ”Weekend Update” on Saturday reminded everyone to set their clocks ahead - “preferably by 4 yea…
A day reminiscent of Michael Jackson’s ”ABC - 123” song lyrics.
(Around 10 AM) - DJI Off 1% / S&P Off 2% / NASDAQ 0ff 3%
I’ll be watching today. Might be able to put a little dry powder to work.
FWIW - picked up a bit of a Brookfield …
The BB article speculated on what the bond market might be saying about the economy. That’s all as far as I can see. As far as making investment changes due to some macro call like this, I would not do it. But I’m not a momentum investor.
Wou…
I have long taken daily fish oil capsules for med reasons. Great! Now I can expect to pay more as these follow toilet tissue (Trump I) and eggs (Trump II) into the stratosphere.
PS - The capsules go down easily. No need for a shot of scotch at …
The Swiss franc is up 20% against the Dollar YTD too. True to form, Swiss based NSRGY has risen about the same amount this year. (I no longer own it.)
The dollar has been “walking on water” a long time. Couldn’t continue indefinitely. There are …
Thanks for posting @Mitcheig
There’s not a lot of information out there yet. Much of what is out is highly promotional in tone. FT recently published 2 articles. The second is more enlightening. Search query might possibly help folks get around…
Nice @Mark.
High yield credits are a rewarding area for investment. What people need to remember is they behave more like equities than traditional bonds during periods of market stress. So, considering a “whole” portfolio, high quality bonds (e…
In a sense that tactic of buying when others are fearful has worked for me as well. Dumpster fires and bathwater floods are great places to look for hidden gems rather than racing up the roads to the current sparkles in the eyes of the masses.
I a…
I look at it as a combination (1-2) punch. High valuations + erratic policy that is effecting both the consumer and the Corporate outlooks.
I agree. Trump’s miscues are both effecting and affecting market action! Don’t ya just love spell mischeck…
Prices continue to fall. Bought just several more of oil/gas midstream Energy Transfer ET again... 7% dividend.
+1 “Make hay while the rain shines.”
PS Powell is yapping. Must have said something to turn the markets around. ”Stay tuned …”
@hank We are trying to time the markets. At least I am.
The toughest part of the game is parsing out your dry powder.
The quip about “loading up the wagon” was made in jest of course!
Not a market timer. Wish everyone good luck in that if tha…
I was sitting at 33% equity when all the fun started a few days ago. With a few very small changes in my CEF collection (Out with the old. In with the new) equity exposure has crept up a bit to around 38%. Still too early IMHO to start loading up t…
Sold my last remaining direct exposure to gold (GGN). It was a “toe-in-the-door” after vacating PRPFX late last year. Replaced GGN with ASGI in the revolving 7-fund CEF collection.
“Let’s say high yield bonds yield 8% and a Treasury note of the same maturity offers 5%, for a yield spread of 3%, or 300 basis points. Which is the better deal? It all depends on the likelihood of default. “
Yes and No. It’s not as simple as Mar…
"... Trump declared last night that “we are going to have growth in the auto industry like nobody has ever seen.”
Will that come before or after the greatest healthcare program ever seen? Or proof of a stolen election?
Sad isn’t it? I’ve seen est…
Thanks @yogibearbull. I don’t trust M* as far as I can throw them. Just a starting point. Always read the fund prospectus and most recent annual / semiannual report before investing. CEF Connect seems to be a better source of information on CEFs. …
@shipwreckedandalone has cited part of David’s dissertation in the March Observer which went live late yesterday. :)
Here’s the relevant passage: ”The US stock market has a giant problem. ‘Giant’ in the sense that investors have poured money s…
”Added to winning position on ABEV (Brazilian beer), after performing more beer research in the bar last night.”
Peter Lynch always said to invest in what you know. I don’t know where my taste for beer went, but a 6-pack lasts a month now. Much pr…
What’s the significance to me?
- Do my fund managers need / rely on these statistics when they invest my money?
- Does the Federal Reserve rely on any of this stuff in plotting the rate curve?
- Will labor contracts with COLA provisions be …
”I do that at Schwab in an account I only hold mutual funds. Reinvest all dividends”
Thanks. Probably what I’ll do. Can’t imagine there’d be any flack. It’s much easier in this case than getting up to speed at I site I never visit. Appreciate your …
A Corvette definitely meets my narrow definition of “car” and would be a hoot to own (I’d probably keep it under wraps.) :) So you reside in one classy place @Junkster.
Good points on Nissan. I wonder however if Trump’s plan would allow the inter…
”If someone can’t see the connections between NOAA cuts and the economy, they aren’t thinking very hard or are blinded by ideology. The US has seen alarming increases in natural disasters in recent years, much of it due to climate change. Conservati…
Back on track!
Came across this commentary from Guggenheim recently. Appears to dismiss the tight spreads. Just ”talking their book”?
Reframing Tight Spreads in Leveraged Credit
Thanks Yogi. My “scatter-brain” would probably find it easier and more reliable to do by owning a single share. (about $29.00 currently). Don’t run any portfolios online, preferring dedicated apps.
Occurs to me that adding or withdrawing sums in…
I like writing. Amazon recently invited me to become a “Vine” reviewer. You get items (to keep) for free in exchange for “your honest unbiased review.”
But wait! They report every item as income based on its normal retail price to the IRS. So, i…
If you ever want to know how volatile CEFs are, try putting a bunch together (in roughly equal amounts) on a pie chart and watching them jump around. Swapped out a couple from my collection of 7 today, adding TEI (EM credits) from Templeton and LG…
Back and forth over border 6 times before it's a thing.
I’ve known women like that. Promise you everything. Try to cash-in on anything.
Rarely have I owned a domestic vehicle actually assembled insides the states over the past 50 years. Had a Mer…
Foreign assets spiked about the time the U.S. markets began the late day sell off. There were unconfirmed reports the Fed was eyeing more rate cuts than earlier proposed (5 thru year end I think). That would weaken the dollar, but might serve to pus…
