Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Bought starter in IDV (iShares International Select Dividend ETF) sold NWN to raise cash.
Debating holding cash to keep buying things opportunistically or just snapping up some old friends in the form of preferreds (CHS, TDS, CMS, DBRG) ahead of rates possibly lowering.
Received dividend on Wednesday, put in a limit-order to reinvest it. It's the Foreign Trade Bank of Latin America, based in Panama. BLX. One of my most fortunate choices. I'm not sure if a US rate cut would affect it? Anyone have an idea? My other bank? It's in Puerto Rico. FBP. Is that to be lumped-in with U.S. banks or not? Definitely holding these puppies.
Received dividend on Wednesday, put in a limit-order to reinvest it. It's the Foreign Trade Bank of Latin America, based in Panama. BLX. One of my most fortunate choices. I'm not sure if a US rate cut would affect it? Anyone have an idea? My other bank? It's in Puerto Rico. FBP. Is that to be lumped-in with U.S. banks or not? Definitely holding these puppies.
......BLX did not fall far enough to meet my limit-price. I canceled and bought ET shares with it. I'm left wondering how the Analysts come up with such an optimistic target price on that one. Stuck in the mud for months. Meanwhile, the Partnership continues to acquire and bolt-on more and more stuff. ORK. 7.5% divvy. But where's the appreciation? My avg. cost basis is $12 and change. It ran up to $21, then fell back. It is a behemoth, truly.
The Labor department's revision lower of its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates was the biggest revision in more than two decades.
@JD_co. Me as well. PRPFX seems like it does better than expectations. Could the recent strong performance be that their”aggressive “ stocks and metals are both strong? Going forward the bond sleeve should also be strong.
Bought a slug of November SPX short options. Gov shutdown, FOTUS, other drama gives reason for hedging. And if the position expires worthless (as my last one will today) fine .. I've got a ton of gains that can be offset this year.
Earlier this week I started a position in NOPMF, a Canadian REE processing company with interesting global exposure. Also took a flyer on a starter position in KYIV, a Ukrainian telecoms company that went public in the USA via a SPAC a few months ago. And my CHSCM preferred order filled just below par, too.
Been transitioning from a sizable slug in BAMBX to a 50/50 blend of AGZD and IGHG. Figure if I want to ”tread water” may as well do it for an ER of .27% rather than 1.2%. Like @rforno, I’m doing some hedging. Not for tax purposes, but just to mitigate downside. Small ongoing allocations to TAIL & SPDN (2% each).
Been looking to diversify my single stock holdings at least a bit. Uncle Charlie Munger advised against diversifying for its own sake, but I just can't bring myself to add another bank in order to get a dividend, and maybe some growth. VALE is one I've investigated over the week-end. Analysts like it. Miner out of Brazil. ADR. Iron ore, nickel, copper. They did some evil junk, polluting a big district, and they are in the middle of ameliorating that situation. So, that's a sunk cost. But their sales to the USA are negligible, so the idiotic tariff from the Orange Tool won't make much of a difference to the company. I'll be dollar-cost-averaging into it.
Anyone adding significant new money into US equities these days? To my mind ,,, it would take the balls of an elephant. I am not asking about trading but increasing one’s domestic stock allocation. Thanks for sharing your thoughts. PS. Just bought a 4% 18 month CD and wondered if it might be the last one I ever buy.
Anyone adding significant new money into US equities these days?
You have to be kidding. Lowest allocation to equities I can ever remember (+ - 25%).
I bought a little MSGS stock several weeks ago and added it to my 14%+ “hedged” position. Idea was to compensate for the inclusion of SPDN - which shorts the S&P. The only stock I own. (Mentioned the buy in an off -topic thread Sept. 3). It’s been fun to watch as I’m an NBA fan. And it’s doing very well lately. Just got a “push” from Barron’s over the weekend.
Anyone adding significant new money into US equities these days? To my mind ,,, it would take the balls of an elephant. I am not asking about trading but increasing one’s domestic stock allocation. Thanks for sharing your thoughts. PS. Just bought a 4% 18 month CD and wondered if it might be the last one I ever buy.
No new money to any equity.
As for the CD, I don't think the political will to tame inflation is present. As long as the increase from x to y to z is in line with "expectations" everyone seems OK with that so far.
So there might be a hiatus, but I don't think you've seen the last of 4% CD's.
@WABC. my sense of humor is such that I am wondering if the hiatus will be longer than my days. I am old enough that my wife and I spent 3 years sailing the sea of Cortez and saving money because double digit interest rates on our savings more than covered beer, food and insurance.
@WABC. my sense of humor is such that I am wondering if the hiatus will be longer than my days. I am old enough that my wife and I spent 3 years sailing the sea of Cortez and saving money because double digit interest rates on our savings more than covered beer, food and insurance.
Nice coincidence. I remember San Felipe very fondly. Amazing tides, like the Bay of Fundy.
I am getting impatient with ET (LP.) Thinking the recent "going nowhere fast" share price might be a buying opportunity. Midstream oil/gas. That sucker continues to attract positive attention and a projected share price of $21.00 but it's drowning lately, around $17.00. Anyhow, if I never sell, wifey will benefit.
@ Crash. Nice pic. Thanks. We got as far north as Loreto on the inside. Spent the hurricane season near Puerto Escondido. We used to see those Pangas way offshore on the outside. Those guys had no fear.
In the taxable: I sold SYLD. Since I bought it it has doubled down on small cap value plus shareholder yield. I already have enough different small caps to suit me.
There is plenty of dry powder in the taxable, so I will likely look around to put this money into some sort of equity, maybe some sector or category that may be unappreciated at the moment. But no hurries, no worries ¯\_(ツ)_/¯
Added bit more risk today. Should raise the equity position from 26% closer to 30%. Buys included a few shares of CZR priced around $26.50.
Edit. I fumbled the hand-off and sold CZR the next day. Too hot to handle. I’m sure it will join the growing club of stocks I bailed from early only to watch them grow 5X in the following few years. Replaced CZR’s 2% position with UTF which is selling at an unusually attractive discount.
Comments
Debating holding cash to keep buying things opportunistically or just snapping up some old friends in the form of preferreds (CHS, TDS, CMS, DBRG) ahead of rates possibly lowering.
Trying to avoid bonds in this account b/c for tax reasons. Some REITs look interesting, though they're taxed the same way as bonds for me.....
Adding more PRPFX.
Not ready to pull the trigger on anything in the taxable.
Have a good weekend, Derf
Earlier this week I started a position in NOPMF, a Canadian REE processing company with interesting global exposure. Also took a flyer on a starter position in KYIV, a Ukrainian telecoms company that went public in the USA via a SPAC a few months ago. And my CHSCM preferred order filled just below par, too.
SEC link: https://www.sec.gov/Archives/edgar/data/1556593/000114036125035419/ny20055726x3_fwp.htm
Meanwhile, I've been adding to lower volatility funds - CBLDX, ARBOX, HMEZX, QDSNX, BALT.
I bought a little MSGS stock several weeks ago and added it to my 14%+ “hedged” position. Idea was to compensate for the inclusion of SPDN - which shorts the S&P. The only stock I own. (Mentioned the buy in an off -topic thread Sept. 3). It’s been fun to watch as I’m an NBA fan. And it’s doing very well lately. Just got a “push” from Barron’s over the weekend.
As for the CD, I don't think the political will to tame inflation is present. As long as the increase from x to y to z is in line with "expectations" everyone seems OK with that so far.
So there might be a hiatus, but I don't think you've seen the last of 4% CD's.
There is plenty of dry powder in the taxable, so I will likely look around to put this money into some sort of equity, maybe some sector or category that may be unappreciated at the moment. But no hurries, no worries ¯\_(ツ)_/¯
few shares of CZRpriced around $26.50.Edit. I fumbled the hand-off and sold CZR the next day. Too hot to handle. I’m sure it will join the growing club of stocks I bailed from early only to watch them grow 5X in the following few years. Replaced CZR’s 2% position with UTF which is selling at an unusually attractive discount.
BTW - That’s a great photo above.