aja8888
Moderator Emeritus
Look at WDI as it's trading -7.48% discount.Thanks... I am looking ST for these... have not yet decided what I want for bonds... a lot have premiums and I do not like paying premiums...
Look at WDI as it's trading -7.48% discount.Thanks... I am looking ST for these... have not yet decided what I want for bonds... a lot have premiums and I do not like paying premiums...
Hi. Just an old too-often repeated observation about premiums/discounts: a CEF can only trade at a discount if the preponderance of investors have believed its total return prospects are so poor that they have been willing to sell it below its market value.Thanks... I am looking ST for these... have not yet decided what I want for bonds... a lot have premiums and I do not like paying premiums...
Yep. That's my exception because I think I have good reason to believe fearful sellers in the hole are incorrect about future TR. As with fees and expenses, I pay little or no attention to premiums/discounts --- concentrating almost exclusively on judgements about future total returns (with an emphasis on income). DLook at WDI as it's trading -7.48% discount.
Well, of course that is true. But it also happens.when a market segment is simply out of favor.Hi. Just an old too-often repeated observation about premiums/discounts: a CEF can only trade at a discount if the preponderance of investors have believed its total return prospects are so poor that they have been willing to sell it below its market value.
Regards, Dick
I mean that is great and all but you could just ignore threads that don't apply to youWhat did I trade today? Nothing. Friday? Nothing. Day before that? Nothing. See a trend here?
Why? Because I don't trade.
At this point, I’m not sure anything is prudent, given the uncertainty.What did I trade today? Nothing. Friday? Nothing. Day before that? Nothing. See a trend here?
Why? Because I don't trade.
But you do have breast tissue.I mean that is great and all but you could just ignore threads that don't apply to you
If someone starts a thread on best places to breastfeed, I probably won't reply saying "I don't breastfeed because I don't have breasts".
I’m with you Dr. Roy. One less thing to analyze, deal with and stress about. My life is no different than it was a month ago.What did I trade today? Nothing. Friday? Nothing. Day before that? Nothing. See a trend here?
Why? Because I don't trade.
Could be. But I would think you would be moving to something less volatile if concerned about equities.Sold some modest positions in equity - QLENX QQQ and OXCL to raise some cash. Looking at AGNC NLY and DX -- and maybe a bit more Pimco bond CEF
I'm just thinking equities are going to be bogged down by tariff uncertainty longer than the others.
Added a bit to AGNC and NLY. 11% cash
Bill
Agree. Just move on to other threads that apply to your philosophy.I mean that is great and all but you could just ignore threads that don't apply to you![]()
Just curious... I have not looked and you probably know...Of course those are either heavily equity or all equity portfolios, so stock prices rather than interest rates will be your primary performance driver.
Regards, Dick
Hi. Equity CEF distributions very often do include trading gains ---- in fact, since common stock dividend yields are quite low, gains are often 50%-70+% of distributions. Of course, since the managers are trading for YOUR supper, risks include poor decisions on their part and/or broad market declines that leave them with no gains to take --- at which point they distribute destructive ROC.Just curious... I have not looked and you probably know...
Do the divis include cap gains like a MF?
Hi Montecfo - Good point but I'm looking for the earlier new uptrend in total return rather than lower volatility. I certainly may be wrong about where to find it.Could be. But I would think you would be moving to something less volatile if concerned about equities.
Sold 1,200 shares of O. That closes that holding completely. Bought 100 more shares of MRK and 9 more of ABBV for my wife's ROTH IRA so that I can trade covered call options on those positions. O was a satisfactory investment, but I can do far better with options trades on MRK and ABBV shares.Like to know the current thinking of what is hot and what is not; and please indicate why such a move and what sort of an account, i.e. IRA...brokerage, etc.
My latest purchase on Friday was CIM as it was down over 2.5% and it goes ex-D at 11% - In my SEP account
Got a link to your blog? I traded options for a while, too.Sold 1,200 shares of O. That closes that holding completely. Bought 100 more shares of MRK and 9 more of ABBV for my wife's ROTH IRA so that I can trade covered call options on those positions. O was a satisfactory investment, but I can do far better with options trades on MRK and ABBV shares.
For example, YTD options income on my ABBV shares (ROTH and traditional IRA) is $9,495. I haven't had any shares called away, so I keep getting the dividends as well. However, YTD ABBV dividends are only $1,886. Options trading makes a big income difference. I talk about how I trade options in my blog.