|
Post by richardsok on Feb 4, 2021 4:00:17 GMT
Before yesterday's close, followed R48 to buy a small position in MJ, intend it as a trading vehicle. Glad to see Harley jump in. This morning at the open added to BSM; one of the few nat gas producers I can find that pays a good dividend. Also added again to PBFX, a stock Carlos Slim has recently taken a big stake in, and it's done well since. Big ex div should be due in a few days. The RWM hedge I bought is under water now. Watching the charts. Still want to see data how effective vaccines are with the mutating Covid strains. Thinking about doing a covered call in SLV; add to my position now and sell the April 30s? Already own big allocation in SLVO, though. Late last week, I bought positions in commodity funds USOI (crude covered calls) and GSG. Hard for me to believe we won't see inflation soon. Sorry for the delay. I'm just not as prompt or involved in reporting as I used to be back at you-know-where. Stay safe, everyone.
|
|
|
Post by richardsok on Feb 4, 2021 16:53:54 GMT
Sold RWM at 4% loss. Silver dropping, so will re-think the cov call notion. BSM on a tear. Cold weather up north is helping.
|
|
|
Post by steadyeddy on Feb 5, 2021 21:54:53 GMT
added more to Wellesley & TLT ... sold a bunch of total market ETFs (ITOT/IEFA/IEMG) and will pick them back up when the feeding frenzy cools in a couple of months.
still heavy in cash.
|
|
|
Post by rhythmmethod on Feb 6, 2021 16:34:48 GMT
In the past several days I liquidated PDIIX. I redistributed it to PTIAX, VWIAX, BSV, EDV and plan next week to trickle some into VGWAX. Why - decreasing black box FI for some grey box (PTIAX), BSV for dry powder, EDV for dark swan and VWIAX for stupid $. I'm also working my way up to 1M in VG funds for Flagship services. Still holding a good amount of cash.
OT - Has anyone noticed the Flagship services significantly better?
|
|
|
Post by retiredat48 on Feb 6, 2021 20:20:02 GMT
In the past several days I liquidated PDIIX. I redistributed it to PTIAX, VWIAX, BSV, EDV and plan next week to trickle some into VGWAX. Why - decreasing black box FI for some grey box (PTIAX), BSV for dry powder, EDV for dark swan and VWIAX for stupid $. I'm also working my way up to 1M in VG funds for Flagship services. Still holding a good amount of cash. OT - Has anyone noticed the Flagship services significantly better? No. IMO Flagship has declined in support. You previously had a rep dedicated to you; now it is a collection of reps. You get who answers the phone next. This works for me though, as the reps usually lasted a year or two, working their way up through Vang'd. "Next available" is satisfactory, as these reps know things, or can direct you to proper specialist. And you may not wait a half hour like you may for a standard rep. I do most Vang'd and Fido stuff on-line myself....rarely need a rep. Example: Vgd announced by email that they would charge $300 for preparation of UBTI tax forms for MLPs, even if in IRAs. I posed a question to them by phone, on whether: Does the fee apply if the $1000 UBTI threshold is not met (ie, no tax form needed)? It took an army of vang'd people working on the answer but they finally got one to me, by days end. BTW no $300 charge if no tax form needed. R48
|
|
|
Post by jcserc on Feb 7, 2021 17:26:56 GMT
Entering sell orders for tomorrow to complete some rebalancing.
Selling full position of AKREX (8.5% of PV). Why? Well, Chuck Akre is no longer the manager of the fund and I am not too happy with the recent behavior of the fund as It has become more volatile than usual. Lately, it is the fund in my portfolio either losing or gaining the most. But that is a small part of the reason why I am selling it. The reality is that I needed to sell something domestic to be able to rebalance and the mentioned reasons made AKREX the obvious candidate (I am mostly happy with my other funds).
I am also selling my position on TMUS stock (only 1.5% of my PV). Although it was one of my best performers in 2020 I am a bit concerned about its valuation and the amount of debt they carry.
Finally, I am reducing very little tiny bits of APGAX and VLAAX.
With the proceeds (plus new money in our IRAs) I plan to buy the following on Tuesday:
a) New position on MFAPX. I certainly need foreign exposure in my portfolio as it is extremely low right now (single digits). This need is what motivated the whole rebalancing act. As a previous owner of Grandeur funds, I was almost ready to buy GISOX. Nonetheless, I am fairly impressed with the performance and risk profile of MFAPX and its manager...so decided to go with it (in reality, since that purchase is going to be done on Tuesday, I will still do more research between today and tomorrow).
b) Will add to SCHD. Part of my rebalance plan is to shift a bit more from growth to value.
With my luck and timing, the market will probably sell off tomorrow and go up big on Tuesday!
Best,
JC
|
|
|
Post by Chahta on Feb 7, 2021 17:38:18 GMT
Entering sell orders for tomorrow to complete some rebalancing. Selling full position of AKREX (8.5% of PV). Why? Well, Chuck Akre is no longer the manager of the fund and I am not too happy with the recent behavior of the fund as It has become more volatile than usual. Lately, it is the fund in my portfolio either losing or gaining the most. But that is a small part of the reason why I am selling it. The reality is that I needed to sell something domestic to be able to rebalance and the mentioned reasons made AKREX the obvious candidate (I am mostly happy with my other funds). ............... Best, JC I have had similar feelings about AKREX. It has done well in the past and I hold (again) a sizeable CG in my taxable account. I think I will give it a little more time.
|
|
|
Post by anitya on Feb 7, 2021 22:45:22 GMT
Entering sell orders for tomorrow to complete some rebalancing. Selling full position of AKREX (8.5% of PV). Why? Well, Chuck Akre is no longer the manager of the fund and I am not too happy with the recent behavior of the fund as It has become more volatile than usual. Lately, it is the fund in my portfolio either losing or gaining the most. But that is a small part of the reason why I am selling it. The reality is that I needed to sell something domestic to be able to rebalance and the mentioned reasons made AKREX the obvious candidate (I am mostly happy with my other funds). I am also selling my position on TMUS stock (only 1.5% of my PV). Although it was one of my best performers in 2020 I am a bit concerned about its valuation and the amount of debt they carry. Finally, I am reducing very little tiny bits of APGAX and VLAAX. With the proceeds (plus new money in our IRAs) I plan to buy the following on Tuesday: a) New position on MFAPX. I certainly need foreign exposure in my portfolio as it is extremely low right now (single digits). This need is what motivated the whole rebalancing act. As a previous owner of Grandeur funds, I was almost ready to buy GISOX. Nonetheless, I am fairly impressed with the performance and risk profile of MFAPX and its manager...so decided to go with it (in reality, since that purchase is going to be done on Tuesday, I will still do more research between today and tomorrow). b) Will add to SCHD. Part of my rebalance plan is to shift a bit more from growth to value. With my luck and timing, the market will probably sell off tomorrow and go up big on Tuesday! Best, JC I have followed your trades over the years and your timing has been as good as I know - you must only remember the few days when you were off. Given 41 P/E shown by M* for MFAPX, you must know other things about this fund you like. Pl share in reply or private message. Thanks.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 8, 2021 15:15:40 GMT
I am selling AKREX. once single star manager leaves funds rarely do well for long. Risk is just too high. Also it is at bottom most percentile YTD. It is in retirement account so no tax.
|
|
|
Post by richardsok on Feb 8, 2021 15:18:26 GMT
This morning in the IRA I took gains and rolled FCT over into a similar cef, VTA, for another monthly div cap. Also doubled my position in PBFX ahead of XD, distribution appears to be very well covered. In the Roth, some distribution money has been accumulating so I bought 200 more shares of GLOPpA.
All cylinders are firing. Normally I'd start to get nervous -- but earnings are good and technicals I follow remain unanimous: avoid hedges..... for now.
Like everyone else, I have been watching the news most carefully. I see no indication that the newer COVID mutations are resistant to the vaccines.
|
|
|
Post by steadyeddy on Feb 8, 2021 21:31:07 GMT
Added some to Wellesley, and also initiated a position in 2 Fido funds: FMSDX (Multi Asset Income) and FAGIX (Capital & Income).
|
|
|
Post by chang on Feb 9, 2021 10:26:26 GMT
Bought TSIIX in my IRA. I could have kept analyzing MS/NT funds forever, but I'm not one to fall into analysis paralysis. I'm with Macbeth when it comes to buying: if it were done when 'tis done, then 'twere well it were done quickly.
I might distribute one share into my Individual Account (where the minimum purchase price is $2,500,000!) in order to tap into cash there .... if I like how the fund performs. For now, just a nice chunk in my IRA.
|
|
|
Post by Norbert on Feb 9, 2021 11:46:24 GMT
"If it were done when 'tis done, then 'twere well it were done quickly."
Indeed, "Hamlet". Which reminds me of this quote from "Macbeth": "Though this be madness, yet there is method in’t." (Polonius, II,2)
|
|
|
Post by chang on Feb 9, 2021 12:04:52 GMT
Oops, I meant Macbeth. Corrected it!
|
|
|
Post by steadyeddy on Feb 10, 2021 0:14:11 GMT
Bought TSIIX in my IRA. I could have kept analyzing MS/NT funds forever, but I'm not one to fall into analysis paralysis. I'm with Macbeth when it comes to buying: if it were done when 'tis done, then 'twere well it were done quickly. I might distribute one share into my Individual Account (where the minimum purchase price is $2,500,000!) in order to tap into cash there .... if I like how the fund performs. For now, just a nice chunk in my IRA. chang, you might be aware that TSIIX is available at Schwab for $2,500 (or more) but it has a $49.95 transaction fee. I suppose you are talking about Fido where the min is huuuuuge. The A class fund TSIAX is available NTF at Fido & Schwab. Sorry if I am sharing info that you already knew
|
|
|
Post by chang on Feb 10, 2021 0:51:16 GMT
steadyeddy No I wasn't aware, but I don't use Schwab. Once I distribute a share from my IRA it will cost me $5/$0 to buy/sell at Fido. Yes ..... I am referring to Fidelity. Thanks for the heads-up.
|
|
|
Post by steadyeddy on Feb 10, 2021 0:58:24 GMT
steadyeddy No I wasn't aware, but I don't use Schwab. Once I distribute a share from my IRA it will cost me $5/$0 to buy/sell at Fido. Yes ..... I am referring to Fidelity. Good. I have recently consolidated most of my assets at Fidelity - a couple of outliers are Merrill (for credit card rewards) and Schwab (for their Intelligent Portfolio). Maybe someday I will get everything over to Fidelity. I use quite a few Vanguard funds but I can't stand their brokerage services. And I am beginning to use a lot of Fidelity funds.
|
|
|
Post by anitya on Feb 10, 2021 2:16:11 GMT
steadyeddy No I wasn't aware, but I don't use Schwab. Once I distribute a share from my IRA it will cost me $5/$0 to buy/sell at Fido. Yes ..... I am referring to Fidelity. Thanks for the heads-up. Are you eligible for Roth contributions? Would not Fidelity issue a 1099-r for distribution out of IRA, which needs to be picked up as taxable income (+ early withdrawal penalty)? The tax may be small but there is additional work. No?
|
|
|
Post by chang on Feb 10, 2021 2:58:26 GMT
steadyeddy No I wasn't aware, but I don't use Schwab. Once I distribute a share from my IRA it will cost me $5/$0 to buy/sell at Fido. Yes ..... I am referring to Fidelity. Thanks for the heads-up. Are you eligible for Roth contributions? Would not Fidelity issue a 1099-r for distribution out of IRA, which needs to be picked up as taxable income (+ early withdrawal penalty)? The tax may be small but there is additional work. No? No unfortunately I am not eligible to contribute to my Roth. And yes when I distribute 1 share from my TIRA it will trigger a 1099-R, and I will have to pay a 10% penalty (peanuts). Additional work for my tax preparer, not me!
|
|
|
Post by richardsok on Feb 10, 2021 21:16:00 GMT
PBFX, BSM and MJ are moving near-vertical -- too late to add more, IMO, so riding with what I have. USDP appears to be stalling XDiv after its fab New Year run-up. Will sell tomorrow if it's not up. Took today's XD gains on PFN and rolled it over into DMO and VTA for div cap. Holding big PCI allocation b/c I don't see anything I like better. Noticed gasoline prices are inching up here in Florida. Added a bit to NRGX. JUST PICKED UP THE FOLLLOWING: " =JPMorgan (NYSE:JPM) expects flat to slightly negative returns over the next five years for the S&P 500.= " I've no comment; just the observation.
|
|
|
Post by anitya on Feb 10, 2021 21:54:37 GMT
PBFX, BSM and MJ are moving near-vertical -- too late to add more, IMO, so riding with what I have. USDP appears to be stalling XDiv after its fab New Year run-up. Will sell tomorrow if it's not up. Took today's XD gains on PFN and rolled it over into DMO and VTA for div cap. Holding big PCI allocation b/c I don't see anything I like better. Noticed gasoline prices are inching up here in Florida. Added a bit to NRGX. JUST PICKED UP THE FOLLLOWING: " =JPMorgan (NYSE:JPM) expects flat to slightly negative returns over the next five years for the S&P 500.= " I've no comment; just the observation. Your div cap strategy reminded me of GatorByter. If you have his contact, please invite him. Your PFN sale is smarter than mine. I sold yesterday not wanting to take a chance on ex-div pricing, and with that sale I cashed out all my March CEF buys. Still holding PCI from years ago. Would you consider swapping some of it for PDO, which presumably has all the new money to invest in new opportunities? Do you have an exit strategy for NRGX you would not mind sharing? Discount has been coming down - almost half from a few months ago. As an aside, re JPM projection, BofA year end target for S&P 500 is below current level.
|
|
|
Post by steadyeddy on Feb 11, 2021 1:45:47 GMT
Sold some (well most) of my Fidelity Puritan fund... I am positive I will pick it back up again at lower price (someday) or not (as RM says). Either way, I am fine booking some capital gains in both my taxable account and IRAs (for now). Sorry for too many (comments in parenthesis).
|
|
|
Post by richardsok on Feb 11, 2021 2:52:07 GMT
ANITYA -- I posted a "new thread" reply to your question over on the "Market Insight" forum, to avoid diverting this thread.
|
|
|
Post by steadyeddy on Feb 11, 2021 3:19:08 GMT
Added more of Wellesley today... I think bonds will come back to life again very soon...
|
|
|
Post by chang on Feb 11, 2021 17:26:44 GMT
Order in to sell entire position in VIMAX. Why: just ratcheting down equity a little further (or rebalancing), as today's rally seems to be petering out.
Unfortunately, this will leave me a little bit more LC and growth, since VIMAX is MCB. However, it is at the top of the sell list. I suppose I can consider VBR at some point in the future (after the next crash) to barbell a little more effectively.
Also an order in to add to SGOL, if it drops a little further.
Edit: SGOL order didn't fill even though the low of the day touched my limit price! Hate when that happens .... but tomorrow may be lower.
FYI the VIMAX sale was the biggest single-day equity sale I have ever made. Expect the market to jump tomorrow.
|
|
|
Post by uncleharley on Feb 11, 2021 17:57:32 GMT
I was stopped out on my MJ near the open this morning. I rolled the proceeds into SILJ.
|
|
|
Post by steadyeddy on Feb 11, 2021 21:21:44 GMT
Added a few yielders that pay monthly - JEPI and QYLD both are ETFs - that write call options on underlying large companies to derive income. A toe in the water. Reduced more of my index equity positions to free up cash.
|
|
|
Post by richardsok on Feb 12, 2021 2:22:50 GMT
Gave back half my MJ gains. Evidently the social media kids are exiting, as have I. Nice little ride. Shoulda dumped it yesterday. For some reason the DMO I bought yesterday spiked 42 cents today, about four months worth of distributions. Won't wait. Took my quick gains to look elsewhere. After reading some of the chatter on these boards, I remain concerned about my long-time holding such a big allocation in PCI. If JPMorgan is right and market gains will be essentially zero for the next few years, then the old CapeCod tactic of just riding Pimco CEF for the yield stream would seem to make sense. But which one(s)? Lastly, in the Daily Mail (of all places) I read Novo Nordisk got early approval for its Rybelsus drug which is the first to put a powerful & effective Type 2 diabetes drug into pill form, rather than injections. The possibilities may be very large. But the interesting part is that Rybelsus in trials was also to be found to be a very effective weight-loss drug with evidently few side effects; a potential game-changer.. Alas, NVO spiked at the open, but I picked up a few shares just to keep it in front of me.
|
|
|
Post by jcserc on Feb 12, 2021 13:50:30 GMT
Put in an order to replace JMUTX with TSIIX. Why? Better credit quality, lower duration, and lower expense ratio.
|
|
|
Post by chang on Feb 12, 2021 14:44:42 GMT
Added a smidgen to SGOL at $17.42, about half my target monthly amount.
|
|