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Post by richardsok on Jan 29, 2021 16:56:35 GMT
Added to three positions this morning. FOF and GLDI for income and RWM for more a bit more downside protection.
Can't make much sense of market & Gamestop, etc, but do relish my schadenfreude, seeing hedgefund titans given a good lashing. I read reports RobinHood is what house-bound college kids do now instead of frat orgies. I think something more than that's afoot, but don't know what. Except we appear to have lost rational moorings.
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Post by rhythmmethod on Jan 29, 2021 17:46:19 GMT
Adding very lightly to SCHD, MATFX, VWILX, PRGSX. Why - I trimmed a lot higher than we are now. Still <45% equity.
edit to add - picked up a little MSFT. I think it's the baby being thrown out with the bath water.
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Post by racqueteer on Jan 29, 2021 21:18:33 GMT
Added to MATFX, MSSMX, ARKG, and ARKW. Sold a little PRWCX to compensate. Overall increase in SC, biotech, Asia, tech generally. Going with what seems to be the trend and balancing that with moderate allocation and cash. So far, so good...
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Post by Deleted on Jan 29, 2021 22:24:13 GMT
added to ARTYX and ARKW.
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Post by jcserc on Jan 29, 2021 22:30:30 GMT
Added a bit to SCHD
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Post by chang on Feb 1, 2021 1:43:20 GMT
Order in to sell all shares* of BCSSX (Brown Capital Small Cap). Why: pretty obvious that its lost some momentum the last 3 months. Its 19% return looks good but is 8.3% below its category. It's had a fantastic 5yr run (which is approximately my holding period). Growth has the poorest forward-looking 10y prognostication; and while I am by no means eliminating growth from my holdings, I am cutting a little bit there. (Previously I cut VDIGX, so this move "balances" that one.) (*I will keep 1 share, since it's a closed fund.) I will partly compensate, however, by purchasing a little more GPGIX. See Chart of GPGIX vs. BCSSX. I like GP's diversification (global) while maintaining a SCG/MCG orientation. (Edit: ARTSX has beaten both of them, an inspired purchase by rhythmmethod last year.) |
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Post by rhythmmethod on Feb 1, 2021 1:53:22 GMT
chang , not that inspired. It was a bit of a community project. I remember you supporting it. Actually Fatcat put it on my radar, if you remember him. He’d be a nice addition here. I’ll see if I can find him on M*and invite him. Edit to add - I did track him down on M* and sent him a message. I noticed he hadn't posted since Nov. I hope he's okay.
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Post by Deleted on Feb 1, 2021 15:01:01 GMT
Starting to slowly reducing BRK.B. I plan to exit this position over next few months. Not still sure what to replace it by though. Most likely SCHD.
Why sell BRK.B?
1. As Chang and other pointed out on a separate thread, would I buy any of the companies that Berkshire Owns if they traded as own stock. Answer is No.
2. It is old generation stock. Hard to get new gen of investors interested in it. So will lack momentum. So its performance Depends on buyback.
3. Recent Performance or rather lack of it.
4. Age of Buffett and lack of opportunities for him to use his cash to generate better results.
5. As Chang pointed out, Gates foundation will be big net seller overtime.
6. Too complex to value. Not sure is it finance, railroad, energy what?
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Post by rhythmmethod on Feb 1, 2021 15:09:39 GMT
I exchanged the remainder of VDIGX, in IRA, for VWIAX. Why - Kind of a chicken move but it, at once, decreases equity and eliminates an under-performing fund.
Edit to add - Added a little to SCHD in non-sheltered. Still a significant net decrease in equity.
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Post by uncleharley on Feb 1, 2021 17:20:37 GMT
Sold my position in KMI a couple of hrs ago. The fundamentals seem to have deteriorated, possibly because of Covid, and the technicals look bearish at this time. I hope to buy it back at some point in the future, but right now the market just looks too speculative.
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Post by xray on Feb 1, 2021 17:59:06 GMT
For uncleharley:
Some oil securities have gone down and some up. With that said....
You might want to take a look at [and analyze to your own individual Goals & Objectives] this particular oil security:
1... GLP, on 1/26 increased their div to $0.55 from $0.50/Qtr ($2.20/Yr)] with a current dividend of >10% [COB Friday's data] and great analysis numb3rs by my analytical standards. In addition they are paying the dividend from October 1st thru 12/31/20 [x-div 2/8, pay 2/12]. You will get the div early to your [next div cycle] investing standards....
Disclosure: Some of us are currently holding a position in GLP....
Live Long and Prosper....
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Post by retiredat48 on Feb 1, 2021 18:36:30 GMT
Recently bought a bucket of PDO, PIMCO Dynamic Income Opportunities Fund, paying a small premium. PDO is a new issue.
The prospectus says:
• Seeks current income as a primary objective and capital appreciation as a secondary objective in a limited term structure.
• PIMCO’s first multi-sector credit U.S. listed closed-end fund (CEF) since 2013; the fund will seek to capitalize on what PIMCO believes to be attractive market dynamics that are reminiscent of the environment following the 2008 global financial crisis
• Opportunistic approach to pursue high conviction income-generating ideas across both public and private credit markets
A termination date in 2033-2035 is also advertised.
From another poster: "My impression has been that since CEFs usually trade at a discount, CEF IPOs are usually a lousy deal. Since PIMCO CEFs seem to trade at a premium lately, might a PIMCO fund's IPO be the exception to that rule?"
My thoughts also. Price trend since opening, is up.
I have a touch of "ready, shoot, aim" here. That is I will assess fully along the way, and leave if I don't care for what is happening.
R48
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Post by steadyeddy on Feb 1, 2021 18:56:03 GMT
Buying more of Wellesley today, just adding to my conservative balanced fund... just in case the market gets rocky in 2021...
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Post by anitya on Feb 1, 2021 19:38:08 GMT
Recently bought a bucket of PDO, PIMCO Dynamic Income Opportunities Fund, paying a small premium. PDO is a new issue. The prospectus says: • Seeks current income as a primary objective and capital appreciation as a secondary objective in a limited term structure. • PIMCO’s first multi-sector credit U.S. listed closed-end fund (CEF) since 2013; the fund will seek to capitalize on what PIMCO believes to be attractive market dynamics that are reminiscent of the environment following the 2008 global financial crisis • Opportunistic approach to pursue high conviction income-generating ideas across both public and private credit markets A termination date in 2033-2035 is also advertised. From another poster: "My impression has been that since CEFs usually trade at a discount, CEF IPOs are usually a lousy deal. Since PIMCO CEFs seem to trade at a premium lately, might a PIMCO fund's IPO be the exception to that rule?"My thoughts also. Price trend since opening, is up. I have a touch of "ready, shoot, aim" here. That is I will assess fully along the way, and leave if I don't care for what is happening. R48 They have so many similar strategies, they are running out of names! "PIMCO’s first multi-sector credit U.S. listed closed-end fund (CEF) since 2013" - intellectually dishonest of PIMCO but hey they are in the business of making money. They raised billions in CEF wrapper since 2013 in secondary and private placement offers. Additional info from PIMCO - "The fund will normally invest at least 25% of its total assets in mortgage-related assets issued by government agencies or other governmental entities or by private originators or issuers. The fund may invest up to 30% of its total assets in securities and instruments that are economically tied to “emerging market” countries; however, the fund may invest without limitation in short-term investment grade sovereign debt issued by emerging market issuers. The fund may normally invest up to 40% of its total assets in bank loans (including, among others, senior loans, delayed funding loans, covenant-lite obligations, revolving credit facilities and loan participations and assignments). It is expected that the fund normally will have a short to intermediate average portfolio duration (i.e., within a zero to eight year range), although it may be shorter or longer at any time depending on market conditions and other factors." |
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Post by uncleharley on Feb 1, 2021 20:29:53 GMT
I Re-opened my position in SILJ today. The decision to buy is based the technical patterns of Silver bullion trading as well as the miners . This is a speculative positions could take many turns.
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Post by fred495 on Feb 1, 2021 20:59:33 GMT
Buying more of Wellesley today, just adding to my conservative balanced fund... just in case the market gets rocky in 2021...
I hear you, eddy, but I am curious if you are at all concerned about Wellesley's bond exposure which has an average effective duration of 8.2 years, especially in a seemingly rising interest rate environment? The fund usually has a very static bond allocation and makes minimal duration adjustments. It has certainly been one of its strengths as rates were declining over the past several years.
Thanks,
Fred
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Post by rhythmmethod on Feb 1, 2021 21:13:29 GMT
Buying more of Wellesley today, just adding to my conservative balanced fund... just in case the market gets rocky in 2021...
I hear you, eddy, but I am curious if you are at all concerned about Wellesley's bond exposure which has an average effective duration of 8.2 years, especially in a seemingly rising interest rate environment? The fund usually has a very static bond allocation and makes minimal duration adjustments. It has certainly been one of its strengths as rates were declining over the past several years.
Thanks,
Fred
Not steadyeddy but I also added to VWIAX today. My answer to your question is, "a little". VWIAX seems to always do just fine for a B&H. I also think their re-balancing adds value. Could one slice and dice more efficiently? Sure. But for a portion of my port I pretty much put on autopilot, it serves its purpose quite well, IMO. I bet a lot of retirees could do better with a larger portion of VWIAX in their port. |
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Post by steadyeddy on Feb 1, 2021 21:51:47 GMT
Buying more of Wellesley today, just adding to my conservative balanced fund... just in case the market gets rocky in 2021...
I hear you, eddy, but I am curious if you are at all concerned about Wellesley's bond exposure which has an average effective duration of 8.2 years, especially in a seemingly rising interest rate environment? The fund usually has a very static bond allocation and makes minimal duration adjustments. It has certainly been one of its strengths as rates were declining over the past several years.
Thanks,
Fred
Fred - No I am not concerned about the corporate bonds Wellesley holds. Wellington team knows how to navigate the rising interest rate environment (if it turns out to be true) - they adjust duration on bonds side and also adjust equity %. Wellesley is my highest conviction fund to keep your dough for retirement - it may not make me rich but it sure will put bread on the table for years to come. |
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Post by fred495 on Feb 1, 2021 22:51:30 GMT
Wellington team knows how to navigate the rising interest rate environment (if it turns out to be true) - they adjust duration on bonds side and also adjust equity %. I know this is the wrong thread to discuss VWINX, and this will be my last post, but the fund's equity adjustment during the past 5 years has been quite minimal. It varied between 36.9% and 38.6%, according to M*. Good luck, eddy. As I said, I was just curious why this fund is so popular, i.e., a "highest conviction fund" for you, for example. Fred |
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Post by steadyeddy on Feb 2, 2021 0:12:13 GMT
Wellington team knows how to navigate the rising interest rate environment (if it turns out to be true) - they adjust duration on bonds side and also adjust equity %. I know this is the wrong thread to discuss VWINX, and this will be my last post, but the fund's equity adjustment during the past 5 years has been quite minimal. It varied between 36.9% and 38.6%, according to M*. Good luck, eddy. As I said, I was just curious why this fund is so popular, i.e., a "highest conviction fund" for you, for example. Fred Fred - Please PM me if you want to chat further. |
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Post by retiredat48 on Feb 2, 2021 5:48:15 GMT
Bot today (Monday) a small bucket of SLV, silver trust.
This is a speculative buy...running with the reddit/WallStreetBets crowd.
Actually, many make a case for silver today as an investment. Good momentum; uses in high tech stuff; a dollar substitute; good chart pattern, inflation hedge.
If trend is up, I will buy more buckets (yes, that Pyramid Up stuff) regardless of whether a speculative play, or long term investment.
Edit to add: Also bot for daughter's IRA, a bucket of GDX, VanEck gold miners etf...similar reasons as the silver purchase. And good chart pattern. Potential front-running WallStreetBets next choice de jour.
R48
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Post by rhythmmethod on Feb 2, 2021 15:27:45 GMT
Exchanged some PIMIX for PHMIX. Why - building a municiple bond position. Also added some to EDV, Why - buying the reverse dip.
Edit to add - Exchanging BSV for VWALX - Building Muni position.
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Post by uncleharley on Feb 2, 2021 18:09:57 GMT
Sold my position in SILJ for a small loss.
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Post by steadyeddy on Feb 2, 2021 21:55:23 GMT
Lightened up on some equity - VYM/VYMI/VIG/VIGI during the euphoric roar of the market today. My gut tells me I can pick these back up later at lower prices. If not, oh well, booked some profits in an IRA.
The animal spirits appear to be back...
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Post by anitya on Feb 2, 2021 22:12:46 GMT
Lightened up on some equity - VYM/VYMI/VIG/VIGI during the euphoric roar of the market today. My gut tells me I can pick these back up later at lower prices. If not, oh well, booked some profits in an IRA. The animal spirits appear to be back... Agree that it is a sad state of affairs if a small band of retail US investors' activism with respect to a handful of forgotten stocks can tumble large companies' stock prices and cap weighted markets worldwide. A market that is looking for even the smallest of the triggers may cause more people to sit out and becomes less efficient and the ups and downs could become even more magnified. |
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Post by steadyeddy on Feb 3, 2021 0:25:42 GMT
Lightened up on some equity - VYM/VYMI/VIG/VIGI during the euphoric roar of the market today. My gut tells me I can pick these back up later at lower prices. If not, oh well, booked some profits in an IRA. The animal spirits appear to be back... Agree that it is a sad state of affairs if a small band of retail US investors' activism with respect to a handful of forgotten stocks can tumble large companies' stock prices and cap weighted markets worldwide. A market that is looking for even the smallest of the triggers may cause more people to sit out and becomes less efficient and the ups and downs could become even more magnified. Anitya - Good observations. I think everyone wants to extend their "stay" in the market until the herd gets razzled.. and if the tide turns we could see huge volatility because people will jump ship quickly. I for one can NOT invest conscientiously in this market since the melodrama of the market is playing out in spades...every day. I am sitting out for now. |
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Post by helmut on Feb 3, 2021 4:00:13 GMT
Exchanged some PIMIX for PHMIX. Why - building a municiple bond position. Also added some to EDV, Why - buying the reverse dip. Edit to add - Exchanging BSV for VWALX - Building Muni position. I also bought EDV today. It is one fund that will go up and down but never out. Sometimes I have to wait a day and sometimes a year or so to rebalance but in the long run I have always made money with EDV. helmut |
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Post by uncleharley on Feb 3, 2021 17:41:24 GMT
I opened a position in MJ this morning. It should add some diversification to my port.
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Post by rhythmmethod on Feb 3, 2021 20:29:43 GMT
Opened position in PTIAX and order just filled for EDV. Why - diversifying MS and BTD in reverse.
Edit to add - anyone watching trad energy? XLE up over 4%.
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Post by steadyeddy on Feb 4, 2021 1:43:38 GMT
I observe the 2 ETFs.. VYM and VCIT in the afternoon.. and if their combination in a 40/60 proportion is down, I add to Wellesley. And at 3:45pm ET I added to Wellesley.
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