Have some $$ coming in today from matured bonds... Likely add Brk.b and Sp500 or Qqqq Another friend told me a great biotech stocks MNK (or Preferred MNK stocks_will take a look). Probably over wt in bonds in private brokerage acct. Still 80/20 distribution in Tsp.
Anyone buying undervalued Em which took a beating due to turkey... Sounds like a recession coming due to Turmoils in em... Folks maybe running away from China also. Thx for any suggestions
https://finance.yahoo.com/news/asian-shares-hit-one-low-020426223.html
Comments
fwiw saying I added another slug of POGRX in my Roth IRA on yesterday's dip.
Regards,
Ted
Why did your friend sugguest MNK? This is a pharma company one would be buying/selling involved with the British Pound, too.
Now if your friend purchased this on April 30 of this year, they have a great return so far.
If I had purchased on April 30, I'd be taking the money and running....right now.
MNK looks like a traders paradise to me.
NOTE: perhaps there is a special news.........you'd better check first.
Here is MNK versus plain jane pharma etf.
An update. As of 7:12 pm EST the Morningstar report on GBAXX still will not load.
Regards,
Ted
"The new preferred from ARES is non-cumulative and redeemable in 5 years which is typical for preferred issues. What is not typical is that these shares will generate a K-1 at tax time instead of the more typical 1099. This is because ARES is a limited partnership. We are aware that many investors shy away from issues that generate K-1’s and if you are one of those people this is not the issue for you."
From:
https://www.dividendinvestor.com/limited-partnership-ares-management-sells-a-preferred-issue/
Regards,
Ted
And I just learned this, this year.....anywho, back to adding/buying.
Added to the growth sleeve (even though growth has outperformed for a ridiculously long time)...such things as FINX (financial tech), SKYY (the “cloud”), ARKK (tech, high tech products, and life science tech), PSCH (small cap health), and some of the healthcare service and equipment ETFs. Would love to buy more AMZN but there’s no stopping it’s upward march.
Admittedly, this comes from someone who’s on the conservative side. But there’s just too many “balls in motion” all at once here to give me any comfort. We’ve got some serious investigations going on, increasingly bitter political strife, deficits made worse by the tax cuts, a trade war, a Federal Reserve raising rates, legitimate concerns over valuations - and we haven’t had a really nasty recession / market correction in over a decade. Why would any of this make you optimistic?
I’m not recommending folks sell what they already own or that they stop contributing to their tax deferred plans. But the question from JohnN presumes, I think, that this may be a good time to do some tactical / strategic buying - that you might not normally do. Find me as asset class (except for gold) that’s down 25% or more over the past year and I’ll take a good hard look at it.