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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
I sold out of GQGIX after a 20% run up since a 4Q23 purchase. It feels a bit rich, and certainly has gotten quite big for an EM fund at ~$23B AUM. An 11% allocation to NVDA/AVGO certainly provided a boost over the past 2 years, but could also serve …
“No visibility on return of invested capital.”
Didn’t I hear a CEO of a Mag 7 say, “ it’s better to be overinvested in AI than underinvested?”
We’ll see how the future unfolds.
@Crash. …that was me. The “Psychology of Bubbles” was interesting, and that was the basis for my earlier comment regarding this book.
“One key lesson to take away is that for investors, bubbles are an incredible opportunity to make money—as long a…
I’ve been reading the lastest book by Lawrence McDonald, “ How to Listen When Markets Speak: Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy”.
Very interesting, a cautionary tale. Very worthwhile…particularly now.
Preferred funds also appear to be maintaining their outperformance, as are funds which combine utilities with preferred shares. I don't believe we've seen the shake-out cycle end quite yet.
I swapped out VHCOX for FPURX. I've held Capital Opportunity for over 20 years, but it just seems to have lost its edge (Similar to why I sold out of POAGX earlier in the year). I think in the current environment FPURX will provide a steadier ride o…
@Joyes
One of the most helpful things I encountered when beginning an investment journey was to purchase and devour materials which covered aspects considered helpful for new investors as well as more seasoned folks with more capital. Upon gradua…
@Crash AT&T’s business and consumer wireline revenues account for ~25% of quarterly revenues, and show a slow but steady decline. This is offset by growth in their mobility segment plus fiber. 40% of fiber customers end up with their combined w…
How many funds is the right number?
I’m guessing that the answer might depend on how you generate/acquire money for current annual spending, and how you choose to mitigate risk among those choices.
Stocks up over 1% for me today were small cap defensive and NVDA and AVGO.
It was generally a wasteland.
But AVGO was indeed up, as they had discussionsmwith OpenAI, the generative artificial intelligence startup backed by Microsoft (MSFT), about …
Sold 1/3 of my of FNMA position and added to BMQSX. The dry powder is piling up. SPHQ or JQUA (as mentioned by Mr. Moran) are funds on the watchlist, but the majority are appearing overbought. Even boring stalwarts such as SCHD, DIVO, or EVT have a…
Fortunately, MFO includes them in its screening, as several are included as Great Owl designations.
FYI, an earlier post cautioned against “destructive ROC”. Linked is a very informative article by Eaton Vance on the subject.
https://funds.eatonva…
what the maximum % of a portfolio that should be committed to a single CEF might be.
Anybody have a good answer? 5%? 10%? 0?
Hank...personally, I'm not sure why the percentage would be different than another stock or fund holding simply becau…
I bought PONAX on Wednesday, to go along with DODIX, WCPNX, OSTIX plus NAD in the taxable account and a few preferred CEFs. That brings me to about 20% fixed income...and I think that's a good spot to settle into.
interesting to note that vhcax, the 3rd primecap vanguard fund w/admiral fees, has not reopened.
its largest holding, lilly @$2.5b in value, is bigger than the next 4 combined.
if i had to guess one secret sauce for primecap and giroux, its avoidin…
I would be cautious adding REITs to a taxable account...they may want to research that a bit further given the taxable nature of the distributions. PFE is a tempting turnaround story.
Given the fact that the market appears to be wanting to broaden…
@PRESSmUP Why no T-bill or cds ?
No specific reason. My current positions have good coverage within the FI space, provide a healthy distribution, good opportunity for capital appreciation, and liquidity if needed. I spent a fair amount of time exam…
I established a full position in DODIX on Friday using funds from a MM. Original plans were to purchase an allocation fund, but equities appear to be just too pricey at the moment, even though the outperformance is uneven in nature. This takes the f…
Not sure how we can keep pulling up the market without software names and small caps going up.
Fund-flows into the S&P500 and QQQ's seem to supply an endless line of buyers into the mega cap names represented within those indexes. I'm being more…
Currently the international is sitting at a meager 8%, with GSIHX dating from 2018, and a 2023 addition of it's EM counterpart, GQGIX. I am pleased with both and would consider adding to the EM fund.
In my taxable account, I am planning a move into…
I added to NAD and EVT in my taxable account...adding about 5% to each. Given their FI holdings, they will likely bump up when rates eventually recede along with 4.63% and 7.49% distribution respectively. In my IRA rollover I cashed out of RPMGX. 2…
@rforno ,a divi gives a company inclusion into a fund such as VIG, a dividend growth fund for folks who don’t rely on that fund for its dividend. I view a dividend as a statement regarding a company’s stability of cash flow. Personally, except for a…
Utes today. Maybe it's just sector rotation after all.
I find it easier for me to already be there when things do rotate.
Indeed. A month or so ago I sold UTG and went into HTD…a John Hancock CEF holding both utilities plus preferred shares. I als…
@rforno … it was really interesting with a lot of good information. Examining the heatmap, personally, I’m hoping for a rebound for REITs, and have a big bet on RQI for a down payment in 2 years to buy out my auto lease.
One item was not helpful…on…
I view MOAT as an excellent concentrated fund with a sound strategy supporting it. Not sure if a further breakdown would be better, or simply add more risk.
Doing a bit of clean up...swapped a pure utility fund for HTD, a John Hancock CEF with 60% stocks (mostly utilities) and 40% FI (bonds and preferreds), currently a 10.17% discount and 8.49% distribution. I'm anticipating that as the market broadens …
FWIW, not that it's a valid comparison, but since such a comparison was mentioned, our CD ladder with its just below 4% APY, outperformed GQGPX with its 3.4% average annual return over the past 3-yr period.
;-)
It’s good you limited the GQGPX vs CD …
