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Added to FPNIX in IRA. Was considering an add to an individual agency bond, but want more flexibility to sell if needed, so went with FPNIX, which has over 75% in securitized bonds. Intend to enter the 10-yr treasury auction in the morning.
Purchased the 10-yr treasury at auction, and swapped MHYSX for TIAA’s version of Inflation-protected bond fund, and Vanguard Total Bond fund. MHYSX was a recent buy but decided I wasn’t in need of additional high yield, so traded it in for lower risk.
@Crash Quarterly earnings report for ET, tomorrow, Tuesday; may provide a better picture going forward.
True. I put in the limit order on last Thursday, overnight.
Next, ex-div date on 09 May, '25, Friday. Since earnings, the stock price has soared. I expect a drop on Friday. Mr. Market continues, as ever, to overreact in the short-term. Always the short-term. And always overreacting, whether to good or bad news.
@hank - So is this component CEF basket something that you assembled and manage or something that (I think you said) Fidelity manages for you? Who coordinates the buys/sells? What are you looking for from this CEF basket if RIO & FLO were parts of it. I ask because neither are CEF's. Just curious, not judging.
In February I became disenchanted with one large core holding, an etf “fund-of-funds”, and decided to create my own fund of funds. The idea was to construct a basket of CEFs which would replace the 17% core position of the etf I’d sold. Started with 9 CEFs. Over time added more CEFs - and a few stocks - to the basket. Today’s sale of RIO & FLO takes me completely out of stocks. The basket now has 13 CEFs plus 1 etf (which invests in CEFs). Over time I’ve increased the weight of the basket to 25% of portfolio.
There’s not much management needed. For $4.99 a month Fido allows you to create baskets of most securities (except OEFs). You set the weights within the basket. I use equal weights (about 7% each). You can initiate an auto-rebalance at any time. The necessary sells and buys are executed in seconds. You can also add a sum or withdraw a sum and the system will automatically do the trading according to your pre-set weights.
Thanks for the reply @hank. So you constructed & maintain it, got it. I too own a number of CEF's just not in this format. I became interested back in the old FundAlarm days when a regular poster 'Ed' was all over them and he would toss them out sometimes as alternatives to OEF's.
Mark - I realize now my earlier post was pretty confusing. Logical question: “What are stocks doing inside a CEF Basket? It started out well (all CEFs). Like Pete, I couldn’t resist temptation and added a few stocks to the mix. But I don’t possess the patience or risk tolerance to trade individual stocks. So like Pete I’ve sworn off.
Watching and enjoying today. No purchases or sells. For income, I'm becoming more and more interested in CEFs, but before committing, I want to learn more about what makes them tick, and what market conditions cause them to thrive or fall into disfavor. Here's a start: https://www.investopedia.com/terms/c/closed-endinvestment.asp
My point precisely. It’s tough giving up messing with stocks. You say to yourself “Just one or two won’t hurt … “ Then you’re hooked again. I think Pete’s days at DOD are numbered.
Pete seems to have nine lives. Trump must think he is just as good as 5 stars generals.
Lost at Sea - ”In the extraordinary mishap, the $70 million jet was being towed out of the hanger bay of the USS Harry S. Truman when the crew lost control.”
Took a portion of my growing MMkt. stash to buy Core-plus bonds in WCPNX. It'll go through on Monday, 19th May, '25. Planning equity purchases when the opportunity raises its head. Got a couple of single stocks in mind. Or, might add to existing positions. The devil will be in the details, and the timing will be contingent. What else is new? ET BLX BBVA CPA on the radar. At 70, staring at age 71, I like to see dividends.
+1. DODIX: the one with the medals and reputation! Cool. I'm using Weitz bonds, keeping it domestic. I had been all in Junk, but no more. Junk might really be quite OK, but I'm not going to go chasing every little observation from the experts.I'm still getting over 5% with I.G. paper. And we still are in a supposed interim period, with tariffs "suspended" temporarily...
Comments
- Sold RIO after a roughly 15% gain in about 8 weeks
- Sold FLO after a roughly 15% loss in about 8 weeks
- Added MCN
- Added HEQ
Took the ”Hegseth Pledge” (Never again touch a
drinkstock)In February I became disenchanted with one large core holding, an etf “fund-of-funds”, and decided to create my own fund of funds. The idea was to construct a basket of CEFs which would replace the 17% core position of the etf I’d sold. Started with 9 CEFs. Over time added more CEFs - and a few stocks - to the basket. Today’s sale of RIO & FLO takes me completely out of stocks. The basket now has 13 CEFs plus 1 etf (which invests in CEFs). Over time I’ve increased the weight of the basket to 25% of portfolio.
There’s not much management needed. For $4.99 a month Fido allows you to create baskets of most securities (except OEFs). You set the weights within the basket. I use equal weights (about 7% each). You can initiate an auto-rebalance at any time. The necessary sells and buys are executed in seconds. You can also add a sum or withdraw a sum and the system will automatically do the trading according to your pre-set weights.
Later edited for brevity
Mark - I realize now my earlier post was pretty confusing. Logical question: “What are stocks doing inside a CEF Basket? It started out well (all CEFs). Like Pete, I couldn’t resist temptation and added a few stocks to the mix. But I don’t possess the patience or risk tolerance to trade individual stocks. So like Pete I’ve sworn off.
Here's a start:
https://www.investopedia.com/terms/c/closed-endinvestment.asp
DODLX has performed exceptionally within the M* global bond category.