Maybe any time an "expert" talks on TV, the host should pull out his/her record and challenge them. If they do that, no expert would show up and they would not have any shows. What a joke?

The good news - This is not the same MME (Media Market Expert) I saw tanked up in the first class section of a plane recently. :)

(link)
Oppenheimer Asset Management is bullish on equities as H2 kicks off.
How about the truth...the SP500 has been positive at about 80% since 1980 every year. We don't have a clue what the SP500 will do in the short+long term.
With that in mind, we are going to be honest and stop making any predictions.
or
Maybe any time an "expert" talks on TV, the host should pull out his/her record and challenge them. If they do that, no expert would show up and they would not have any shows. What a joke?
Truthfully, I love these shows and experts because I giggle watching them.

PFE trades around $28. It first traded at that price back in 1998. I understand the purchase is being considered for divds, not growth of capital, but a stock that has not grown its price in over a quarter century is not one I would be interested in.
I like 'O', but in the REIT space, I'd just buy FRIFX, and avoid the single company risk.
Another area to think about for income is the MLP space. The ETF AMLP lets one own the whole space, and it has a 1099 tax document (no K1). The sector is cheap -- and has mostly done a good job of capital discipline for the past decade. I assess the chart action in the space as generally constructive. (i.e. "up and to the right").
For a very diversified equity income vehicle, I like JEPI (for deferred accts) or SCHD in taxable accounts.
Good luck.

I asked Bing’s pretty decent AI robot to tell me what the maximum % of a portfolio that should be committed to a single CEF might be. Instead, an M* article came up. The fact that a better answer didn’t surface suggests to me they are not much discussed. I’d say up to 10% of a portfolio might be reasonable for a single CEF - but suspect that’s on the high end.
Anybody have a good answer? 5%? 10%? 0?
From Fidelity
Morningstar Article (2018)
Opinion Piece / Forbes (updated June 2024)

@Derf
Can you summarize the Schwab offer brackets? I’d be interested to see if my Schwab rep would match even though I didn’t get the email. Thx.

https://www.schwab.com/investor_reward
Here's how Schwab Investor Reward Plus works.
Make a qualifying net deposit of cash or securities into an eligible account:
Earn a cash bonus of:
$50,000–$249,999__$300
$250,000–$499,999__ $600
$500,000–$999,999__ $1,200
$1,000,000–$4,999,999__$2,500
$5,000,000 or more__$6,000

Laddered CDs ... 1, 3, 5 years ... all paying 5.3%, nominally, risk free as they come. No fee on new issues.
MINT. 5.3% yield.
RPHIX. 5.7%.
CBUDX. 5.9%
CBLDX. 7.5%.
Come quickly to mind.
c

Managed to charge exactly $100 on the new card yesterday. $83.83 bought a (very good) bottle of single malt + tax. $16.17 went for motor fuel. The plan is to study the card’s workings (billing cycles, due dates, minimum payments, 2% cash-back feature, login procedures, etc.). Should be in good shape before putting the card to work.

LOL / @Mark - Thanks. I just discovered CEF Connect recently. Great source. What I take away from your link is that since its initial offering at $25 in 2012 PDI has seen highs near $33-34 and lows as low as $16. That’s a little deceptive because it probably has been paying out a big dividend over that period. Also, this CEF is currently trading at nearly 12% above its NAV. What took you so long to sell? :)
(Correct me if I’m substantially incorrect on my takeaway.)
The discount / premium on CEFs fluctuates. At the beginning of 2023 I mentioned here a Randal Forsyth Barron’s article calling attention to discounts of 15-20% on a number of CEFs. A couple he suggested to readers were BCAT and GUG. Since then, Barron’s has mentioned the attractive discount on CEFs more than once. My take today, however, is that that average discount to NAV has narrowed over the 18 months since Forsyth’s piece.
I’ve been using the same source to look at one I own and a couple others I could replace it with or use along side of it to dilute its impact on the portfolio. Yes - the discount / premium is essential to consider if playing in this volatile area. There are some etfs that try to game these vehicles. Sabra Capital’s CEFS has been in the news lately. Calamos recently introduced CCEF. I urge folks considering either to do their homework first.
Mark - Appreciate your sharing. You are braver than me. I don’t think I’ve ever mentioned any CEF I own on the board because of their highly volatile nature and the general difficulty of understanding / valuing them. Additionally (to quote Rukeyser) any CEF I happen to own might be … “Hair today. Gone tomorrow.”

@catch22 +1 Haste makes waste ! Old card playing friend often proclaimed.

Robinhood has a similar feature (not a one-off promotion) associated with its Gold ($5/mo) subscription service.
https://robinhood.com/us/en/support/articles/robinhood-gold-deposit-boost/
It announced this new feature in March, and the match recently went live.
It also seems to have a separate 1% IRA match (I assume non-stackable) for transfers (as opposed to contributions which get a 3% match with Gold). But this 1% IRA match has a 5 year holding period. Hard to find the actual terms of this one, all I've got is this FAQ page.
https://robinhood.com/us/en/support/articles/ira-match-faq/
Bottom line - between Robinhood's somewhat sketchy reputation and the fact that they don't carry OEFs or bonds, let alone anything more esoteric, I passed as well.

Robinhood offers 1% without a cap, so $50,000 for a $5m transfer with a 2y holding period. Stocks and ETFs, no mutual funds. Tempting, but I passed on it.

The above is expired on 6-28-2024
https://go.robinhood.com/acats

Just posted all ratings to MFO Premium site through May, which includes month to date performance through Friday, 28 June.
Used the intermonth data to get peak of month ending June performance, which allows review at the mid-year mark.
Will announce Mid-Year Review, now Wednesday, 10 July, where we will discuss latest features, including Flows and ETF Benchmarks (a Deveshism).

After this latest exchange, I do undestand the negative cash position of PYLD a lot better.
(I still worry about whether I belong to the 90% or 10%.)

Robinhood offers 1% without a cap, so $50,000 for a $5m transfer with a 2y holding period. Stocks and ETFs, no mutual funds. Tempting, but I passed on it.

Now, if you want to make posts with real significant, such as where to invest at any given time and/or when markets are at juncture points. I will take this challenge with you any time.

ROFLMAO.
Is this a hockey forum?

Ok Raq, I already said that I forgot the word MOST in the post.
With that in mind, you are correct 100% about this minor issue.
So, adding the word MOST makes my statement 100% right
Now, if you want to make posts with real significant, such as where to invest at any given time and/or when markets are at juncture points. I will take this challenge with you any time.

Use a chopper to get around. See them all the time flying over NYC. But their subway was “state of the art” in the 1920s I think.
Thanks @Crash for adding some comment about the show. Improves the thread. Haven’t viewed yet, but plan to.

I think FD is saying that average Joe is correct over 90% and the rest under10%.
Works for me..

@hank - CEF's are a different kind of animal that's for sure. Remember though that they can almost always trade at a premium such as in the case of PDI (see here PDI Overview). If you follow the link you should be presented with the 'Overview'. Click on the 'All' tab just to the left of the "overview' tab. Scroll through the information presented and you will see that it rarely, if ever, dips into the discount area.
Please understand that I am not making a sales presentation here. I've held this fund for a number of years and have a relatively lower cost basis. Depending on the time frame one chooses one could argue that it is a massive total return loser (see nearly everything FD1000 has ever opined on PDI) or an income bonanza. I would argue that one needs to pick their spots just like with any other potential investment choice.

I've been looking at GQHPX as well. One thing I noticed, however, similar to all or most of his funds - is the large Nvidia position. NVDA is not an emerging market stock but its large presence in the fund spikes returns relative to its peers.

I don't see NVDA in the top ten holdings of GQHPX. Broadcom is their #1 holding, which I would be okay with.