What did you trade today and why?

[COcheesehead]

So great to find this thread! I was a big fan of yours at Fidelity, and you and FRED got me started with QLENX, which is by far my largest holding. I was happy to see you’ve also invested in QMNNX, as I opened a position in this fund about a month ago. It’s performing well so far, and I plan to add more in the next few days.
My biggest concern with QLENX is that it makes up such a large portion of my portfolio, which is why I started a position in QMNNX for its market-neutral balance to offset potential volatility. I’ve also taken a small position in AQGNX, betting on a market rebound in the second half of this year. I think this global equity fund could really take off if trade negotiations stabilize and tax reform delivers favorable outcomes.

Glad we could reconnect. The size of QLENX in my portfolio makes me pause as well. Someone smarter than me once said to pick the weeds and let the flowers grow. So I keep that in mind when thinking about QLENX.

 

[MTNSKY]

Glad we could reconnect. The size of QLENX in my portfolio makes me pause as well. Someone smarter than me once said to pick the weeds and let the flowers grow. So I keep that in mind when thinking about QLENX.

I asked my wife, who isn’t an investor and couldn’t care less about how I manage our money (as long as we are making money ), what she thinks about our large holding in QLENX. In her infamous wisdom, she said, “Why complicate things and add a new fund when what you’ve got is working? Duh!” LOL.

 

[MTNSKY]

COcheeshead, I know you're a bond pro! I recently sold my ICMUX and replaced it with EGRIX. I do like the long/short funds that offer a solid return (1 year 10%). This fund uses strategies like shorting sovereigns, options, and FX hedging, making it a non-traditional bond fund. I'm counting on EGRIX to navigate volatility and interest rate fluctuations. Have you had any experience with this fund?

 

[AudiDudi]

请问现在最值得投资什么？

You ask "What is the most worthwhile investment now?"

这取决于您的目标、时间段和风险承受能力。

That depends on what your goals are, your time period and your tolerance for risk.

 

[COcheesehead]

COcheeshead, I know you're a bond pro! I recently sold my ICMUX and replaced it with EGRIX. I do like the long/short funds that offer a solid return (1 year 10%). This fund uses strategies like shorting sovereigns, options, and FX hedging, making it a non-traditional bond fund. I'm counting on EGRIX to navigate volatility and interest rate fluctuations. Have you had any experience with this fund?

That’s so funny, I own EGRAX and love it. The only difference between EGRIX and EGRAX is Fidelity doesn’t charge a transaction fee on EGRAX. They have almost identical performance. I use it in our HSA’s.

 

[Chloe Chan]

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

CIM offers an attractive high yield, especially when its share price dips, making it appealing for long-term income-focused investors.
With a dividend yield of over 11%, it stands out. If the stock is going ex-dividend soon, it could be a good opportunity to lock in the dividend before the price adjusts downward.
As you pointed out, CIM recently dropped more than 2.5%, which may present a chance to buy in at a discount ahead of the dividend. This approach is commonly known as “buying the dip.”
Just be mindful of the risks, REITs are sensitive to interest rate changes. They tend to perform better in low-rate environments and may lag when rates rise. Still, if you're comfortable with that trade-off in exchange for a higher yield, CIM could be a strong addition to your income strategy.

 

[AudiDudi]

CIM offers an attractive high yield, especially when its share price dips, making it appealing for long-term income-focused investors.
With a dividend yield of over 11%, it stands out. If the stock is going ex-dividend soon, it could be a good opportunity to lock in the dividend before the price adjusts downward.
As you pointed out, CIM recently dropped more than 2.5%, which may present a chance to buy in at a discount ahead of the dividend. This approach is commonly known as “buying the dip.”
Just be mindful of the risks, REITs are sensitive to interest rate changes. They tend to perform better in low-rate environments and may lag when rates rise. Still, if you're comfortable with that trade-off in exchange for a higher yield, CIM could be a strong addition to your income strategy.

Owned CIM in the past and did OK. Currently own one of their baby bonds that pays about 9% - CIMN

 

[YellowSubmarine]

For income in retirement accounts.
+ IYRI added to position
+ ASGI start new position
- GQRPX sold at a loss, no dividend income also

 

[YellowSubmarine]

CIM offers an attractive high yield, especially when its share price dips, making it appealing for long-term income-focused investors.
With a dividend yield of over 11%, it stands out. If the stock is going ex-dividend soon, it could be a good opportunity to lock in the dividend before the price adjusts downward.
As you pointed out, CIM recently dropped more than 2.5%, which may present a chance to buy in at a discount ahead of the dividend. This approach is commonly known as “buying the dip.”
Just be mindful of the risks, REITs are sensitive to interest rate changes. They tend to perform better in low-rate environments and may lag when rates rise. Still, if you're comfortable with that trade-off in exchange for a higher yield, CIM could be a strong addition to your income strategy.

CIM...I recently sold it at a break-even. Originally purchased it for the dividend play but I had to hold on to get back to my cost. I own CIM throughout the year when I have some idle cash and Ex date is approaching.

 

[drs]

CIM offers an attractive high yield, especially when its share price dips, making it appealing for long-term income-focused investors.
With a dividend yield of over 11%, it stands out. If the stock is going ex-dividend soon, it could be a good opportunity to lock in the dividend before the price adjusts downward.
As you pointed out, CIM recently dropped more than 2.5%, which may present a chance to buy in at a discount ahead of the dividend. This approach is commonly known as “buying the dip.”
Just be mindful of the risks, REITs are sensitive to interest rate changes. They tend to perform better in low-rate environments and may lag when rates rise. Still, if you're comfortable with that trade-off in exchange for a higher yield, CIM could be a strong addition to your income strategy.

Not that I'm an expert in this area but I'd wager better than even money that GPT 4o wrote that response. Apologies to OP if it didn't. [appealing, x-d (em-dash), mindful, strong]

I was going to say if you want reasonably attractive yield without the equity risk that CIM has, CIM-pB (and the other CIM preferreds) are reasonable alternatives. They exist higher up in the repayment stack than the REIT equity dividend so while the stock could crater the preferred is probably pretty safe. (around 10.2% yield here at 25.2 but be aware callable at 25.)

 

[Bill E]

Added a bit to PFN PAXS OXLC QLENX. 23% cash.

Bill

 

[YellowSubmarine]

+ JBBB start new position, taxable account, stable range bound pricing and 7.88% dividend. This is in lieu of replacing a matured CD. Worth the risk...we'll see.

 

[dickoncapecod]

In the category "better lucky than smart," knowing a bit after 10am that I'd be visiting the local ER for a while, I decided to add to PDI KIO PAXS PHK and WDI so as not to leave my daughter with too much cash --- just in case. And everything --- the investments and the ER results --- worked out just fine....
Regards, Dick

 

[marget]

In the category "better lucky than smart," knowing a bit after 10am that I'd be visiting the local ER for a while, I decided to add to PDI KIO PAXS PHK and WDI so as not to leave my daughter with too much cash --- just in case. And everything --- the investments and the ER results --- worked out just fine....
Regards, Dick

Dick, there are a lot of folks out here in DF land who send you good vibes every single day...every single day...

 

[dickoncapecod]

I continued reinvesting today, adding to PDI KIO WDI PHK PAXS. Cash is down go about 7%. More detail later in the week end and month-start posts in CEF land.
Regards, Dick

 

[aja8888]

I continued reinvesting today, adding to PDI KIO WDI PHK PAXS. Cash is down go about 7%. More detail later in the week end and month-start posts in CEF land.
Regards, Dick

Thanks, I look forward to you end of week and month outlooks.

 

[YellowSubmarine]

+ IGLD start new position in Roth, pays 7.3% dividend. Replacing my FMAT, but staying near sector (materials).

 

[AudiDudi]

I continued reinvesting today, adding to PDI KIO WDI PHK PAXS. Cash is down go about 7%. More detail later in the week end and month-start posts in CEF land.
Regards, Dick

I'm considering selling WDI at about .15 gain + I have locked in .1485 div and using that to add to BBDC (have .68 gain already) that goes ex-div on 6/4 (.31 quarterly div) Lock in that and jump back into WDI. Likely do that on Monday.

 

[Bill E]

Added to Pimco CEFs and WDI KIO OXLC and QLENX, Cash 14%
PFN PHK and WDI entered Elliott Wave 3 and others look like beginning up from support. And capecod indicator
Bill

 

[Harris4crna]

Sold STRK for MSTR today. The Mnav was sitting around 1.6. Wanted greater return potential in order to fund my fixed income of STRF.

 

[drs]

lots of chopping around this week - was doing stuff in options so no reason to torture you with the adjustments.

Added to QLENX also. Rolling short-term Treasuries.

small punts on:
MP (back in)
CBRE (interesting SPAC with political ties)
and I think I already disclosed the germany/UK shift with Emerging markets theme.

 

[YellowSubmarine]

You mentioned the preferred stock allocations in NLY and AGNC, I am currently holding more cash, is it too late to enter these?

Not me...no mention from me. But so long as the preferred is rated well via common stock (per financials), and the price is not above par and you like the return, I would be a buyer. Personally, I prefer PFFA. This is an actively managed ETF that spits out a near 10% dividend. I learned of this one from Armchair Income (see it on YouTube). There you will find an interview with the Fund manager. As recent as December, I held over 20 preferred issues. Now I only have one plus this fund.

 

[GBcycling]

That sounds great. How many years have you been investing in this?

PIMO CEFs have only been in my portfolio for a year. I am a total novice, and looking at the date of the post you are referencing, the market price has moved considerably since that time! If you were considering these types of funds, I would encourage you to spend some time in CEF holdings, among other places

 

[GBcycling]

谢谢分享，我刚接触封闭式基金，PIMO 实际上是我的第一支。过去一年的价格波动真是令人大开眼界。你还有其他喜欢的封闭式基金吗？或者你在选择它们时会遵循什么策略？

I would refer you back to the CEF mentioned earlier. It contains commentary by investors much wiser than I and your can assess what other funds people use. CEFs are a small part of my holdings and supplement the income we pull from other sources. They are not without risk. You should continue to investigate from multiples sources beyond this forum of investors.

 

[COcheesehead]

I had two muni bonds mature. I put the funds back into two more of my state specific muni bonds - double tax free. I still find the after tax equivalent yield to be better than other bonds of similar quality/duration. These are part of my quality, conservative bond ladder portion of my portfolio addressing my second goal of capital preservation. They also provide moderate, tax free income.