What did you trade today and why?

[dobig]

Started a position in UTG to use the funds from a bond being called last week.

One of the things I like about UTG is it has a relatively long track record and is one of the few CEF's I know about that doesn't suffer from NAV erosion. It also has a history of slightly raising it's dividend. 5 year dividend growth is 1.56%.

 

[aja8888]

One of the things I like about UTG is it has a relatively long track record and is one of the few CEF's I know about that doesn't suffer from NAV erosion. It also has a history of slightly raising it's dividend. 5 year dividend growth is 1.56%.

View attachment 55679

Yes, these are the reasons I started the position. One, or more, of you newer members from Fidelity mentioned it in a thread or two.

 

[AudiDudi]

Opened a small position (5k) in Highlander Silver. Moves to the TSX tmo (5/13) Has some big names backing it. Highly speculative!

 

[dobig]

Yes, these are the reasons I started the position. One, or more, of you newer members from Fidelity mentioned it in a thread or two.

Another to look at is it's sister UTF. Infrastructure instead of energy and slightly higher dividend but no dividend growth. They seem to make a nice pairing.

 

[aja8888]

Another to look at is it's sister UTF. Infrastructure instead of energy and slightly higher dividend but no dividend growth. They seem to make a nice pairing.

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Thanks, I will look at it tomorrow as I have another municipal bond called as of 6/1.

 

[Stormy Kromer]

I haven't deviated from my financial plan since I fired my financial advisor 20 years ago. No more churning or chasing.

I''m mostly about 80% VG Total Stock Index and the other 20% VG Balanced Fund. I have enough other income to pay the bills.

There are days I go crazy, especially around 2000 and again in 2008. 2025 is nothing.

I just stay the course. Days like today help, that's why you can't sit on the sidelines.

 

[drs]

That’s how speculative plays work.

Flieger

It's all speculative.

 

[Stormy Kromer]

I remember seeing a statistic that if an investor misses the top 10 performing days of a decade how much of an impact it had on their long term performance.

Today was one of those days. Hope everyone was fully invested.

 

[COcheesehead]

I remember seeing a statistic that if an investor misses the top 10 performing days of a decade how much of an impact it had on their long term performance.

Today was one of those days. Hope everyone was fully invested.

Nobody talks about missing the bottom 10 days. That would have a big impact as well.

 

[Montecfo]

That's great Montecfo! I remember you also bought Amazon at a good price.

Yes, at $166. That's up 25%. Thanks for reminding me dobig!

 

[imjustawarrior]

Nobody talks about missing the bottom 10 days. That would have a big impact as well.

If you could consistently predict the bottom 10 days, you could make a fortune selling newsletters.

 

[drs]

Got bulled up this morning and then realized it was potentially a bull trap so I added to my SPX put spread.
R/T trades:
+META @ 645.25 out at 659.
+AAPL @ 211.85 out at 211.40 for a tiny loss
+NVDA @ 125.70 out at 129.65
+TQQQ @ 66.92 out at 68.95
+EWZ @ 27.81 (add) on news china extending a line of credit to south america and will import goods from there (?)
- (sell 2/3) XAR @ 183.40 which was a long standing target from my buys at 165 area. I see resistance here and want to know what it does first.

+ SPX 5400-5200 spread in august paying half what I did last time. Volatilty is down 8 points in the interim and I think its cheap here.

 

[dickoncapecod]

Used a small amount of remaining cash to buy some JFR --- 12.3% and I'll catch a distribution on the 15th. Will hold or use as a source of funds later.
Regards, Dick

 

[Flieger]

PIMCO (PDI/PFN) the only red on my board today. Trying to decide on hold or small buy.

Flieger

 

[Flute McG]

Used a small amount of remaining cash to buy some JFR --- 12.3% and I'll catch a distribution on the 15th. Will hold or use as a source of funds later.
Regards, Dick

Speaking of floaters, I have been avoiding these for fear of recession induced lower interest rates (intermediate term). What is your time horizon on JFR?

Thanks, Flute

 

[aja8888]

Speaking of floaters, I have been avoiding these for fear of recession induced lower interest rates (intermediate term). What is your time horizon on JFR?

Thanks, Flute

I don't visualize a recession in the near future but do visualize a FED rate cut in June/July and maybe later in the year. I suppose that would hurt the floaters.

 

[Montecfo]

Bought some UNH today? Why? Blood in streets.

Also, more of those trades from the bottom:

NVDA up 38%
ONON up 47%
SE up 25%

Just casually reviewing and realized there were more.

 

[dickoncapecod]

Speaking of floaters, I have been avoiding these for fear of recession induced lower interest rates (intermediate term). What is your time horizon on JFR?

Thanks, Flute

Hi Flute ---- as always, until it starts hurting me or something better comes along. I probably won't own it long. I share your view that lower rates will ultimately reduce distributions --- but that's with a long reset lag even after rates fall, no time soon. It got knocked around a bit in the Tariff Tantrum, and with stocks flying should probably recover some more. Plus, sooner or later, folks who like junk loan floaters will catch on to the fact that favorite ultra-junky FSCO yields 10.9% at a 3% discount while far less junky JFR yields 12.4% at a 7% discount.
Regards, Dick

 

[Flieger]

Portfolio Visualizer shows a pretty good comparison of JFR and FSCO

Flieger

 

[Phroig]

Bought some UNH today? Why? Blood in streets.

I did too. (That guarantees there’ll be more blood.) Why? Impulse purchase of the day.

 

[aja8888]

I did too. (That guarantees there’ll be more blood.) Why? Impulse purchase of the day.

I agree, it's probably not over for UNH yet.

 

[Montecfo]

I did too. (That guarantees there’ll be more blood.) Why? Impulse purchase of the day.

Still falling. I took a half bite. I don't think that one will be quick.

 

[Rhythm Method]

Yesterday and today, I added to PHK, PDI, RLTY, and FBND. Working down some cash but still holding a lot. Stay well. - RM

 

[C-man23]

Bought some UNH today? Why? Blood in streets.

Also, more of those trades from the bottom:

NVDA up 38%
ONON up 47%
SE up 25%

Just casually reviewing and realized there were more.

I did too. (That guarantees there’ll be more blood.) Why? Impulse purchase of the day.

I bought at $310.75. It went up a little after I bought, but now see it has dropped as I am typing this.
Had the same thought, blood on the streets. I am ok with holding it for awhile. If it drops a good chunk further, I will buy more.

I believe in a year or so, we will be talking about how it was so low as it will sit at $400+. Time will tell

 

[shridog]

Sold MSDL today. Least favorable BDC in my portfolio due to divy coverage. Cash now at 5% or so.