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Post by steelpony10 on Jan 31, 2024 23:54:22 GMT
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Post by steadyeddy on Feb 1, 2024 0:46:57 GMT
Inflation is about to spring back up with all the Red Sea drama and escalating tensions in the middle east. I am impressed with Uncle Powell today, he stuck to his guns (or pistols?)
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Post by yogibearbull on Feb 1, 2024 1:02:32 GMT
Activist Saba runs a hybrid ETF of CEFs, called CEFS. stockcharts.com/h-sc/ui?s=CEFS&p=D&yr=3&mn=0&dy=0&id=p92528104967It also took over old global bond GIM and turned it into a hybrid CEF, called SABA. It went to all-cash on 12/31/23, so all of the portfolio info for it on M*, Yahoo Finance, etc is stale. That is also the reason I am not including its chart. BTW, the linked article in the OP is from November 2023. |
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Post by FD1000 on Feb 1, 2024 4:35:49 GMT
When rates stop going up, stabilize, and start going down...it's the right time to buy bonds, and leverage CEFs make sense if you understand the risk/volatility..
The reverse is true too. When the Fed tell you guarantee that rates will go up a lot and quickly, you get out of stocks + bonds.
Just what good traders do + they usually concentrate in the their highest conviction categories.
I bet that the majority of the smart money over the years is not in FI CEFs. If rates go down, TLT/EDV will make more money than a typical CEF.
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Post by anitya on Feb 1, 2024 5:22:39 GMT
Activist Saba runs a hybrid ETF of CEFs, called CEFS. stockcharts.com/h-sc/ui?s=CEFS&p=D&yr=3&mn=0&dy=0&id=p92528104967It also took over old global bond GIM and turned it into a hybrid CEF, called SABA. It went to all-cash on 12/31/23, so all of the portfolio info for it on M*, Yahoo Finance, etc is stale. That is also the reason I am not including its chart. BTW, the linked article in the OP is from November 2023. I tried to chart CEFS and PDI in M* Investor and noticed that M* is charting PDI NAV instead of price. What can I do to make M* chart PDI price and growth of price, not growth of NAV? |
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Post by yogibearbull on Feb 1, 2024 12:17:42 GMT
anitya , due to its mutual fund heritage, much of M* data is based on NAV and that may not be what one wants for CEFs. Use StockCharts to compare, but keep in mind that ETF CEFS is a HYBRID, while CEF PDI is multisector BOND, CEFS vs PDI . While CEFS isn't leveraged at the ETF level, its underlying CEFs are leveraged. So, basically, both should be considered leveraged.
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Post by Chahta on Feb 1, 2024 13:28:59 GMT
Activist Saba runs a hybrid ETF of CEFs, called CEFS. stockcharts.com/h-sc/ui?s=CEFS&p=D&yr=3&mn=0&dy=0&id=p92528104967It also took over old global bond GIM and turned it into a hybrid CEF, called SABA. It went to all-cash on 12/31/23, so all of the portfolio info for it on M*, Yahoo Finance, etc is stale. That is also the reason I am not including its chart. BTW, the linked article in the OP is from November 2023. I tried to chart CEFS and PDI in M* Investor and noticed that M* is charting PDI NAV instead of price. What can I do to make M* chart PDI price and growth of price, not growth of NAV? You can change “Data Type” in the Chart page to price, price with dividend along with NAV with dividend to compare. Attachments:
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Post by anitya on Feb 1, 2024 18:41:42 GMT
Stock charts does not recognize a lot of mutual funds
Regular M* charts do price for CEFs but those charts have not been working well for some time
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Post by yogibearbull on Feb 1, 2024 19:05:53 GMT
StockCharts may recognize only one of multiple classes. So, search by name also.
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Post by steelpony10 on Feb 2, 2024 12:20:00 GMT
I’m not surprised no one has caught the gist of this article published only 3 months ago. The post is about income and dividend investing. The key why amateurs are such poor investors and professionals manage investments way different and more successfully. It’s not about CEF’s either although some are blinded by any post with those letters in it because any investments in those could lead to the game being over like in my case or apparently is a threat to their existence, lol. The same thing may be happening in equities now.
Since I can’t read the unknown future at all this is an opinion. There are no wrong opinions and past facts to support my opinion may not hold in the future.
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Post by yogibearbull on Feb 2, 2024 14:06:57 GMT
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Post by FD1000 on Feb 2, 2024 14:38:29 GMT
I’m not surprised no one has caught the gist of this article published only 3 months ago. The post is about income and dividend investing. The key why amateurs are such poor investors and professionals manage investments way different and more successfully. It’s not about CEF’s either although some are blinded by any post with those letters in it because any investments in those could lead to the game being over like in my case or apparently is a threat to their existence, lol. It same thing may be happening in equities now. Since I can’t read the unknown future at all this is an opinion. There are no wrong opinions and past facts to support my opinion may not hold in the future. You are correct it was about good trading based on what markets tell you. CEFs were good until 2019.
From 2019 to 2023(5 years) they trailed the SP500 by a huge margin (SPY made 5+ times more than PDI). Since the 10 year treasury reached 5% on 10/2023 and started going down, CEFs did very well and have a good chance to be continue that way. |
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Post by daddymisc on Feb 2, 2024 19:00:41 GMT
No interest rate cut till the 2024 election is over.
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Post by steelpony10 on Feb 3, 2024 1:14:15 GMT
No interest rate cut till the 2024 election is over. Seems funny market values are going up when the Fed is working to slow inflation. Prices are following earnings on select stocks though. AI mania reminds me of “irrational exuberance” in the late 90’s. Add rate cuts and maybe that fuels the fire. It’s only February. A lot of unknowns ahead like the U.S. torching the middle east today with more to come. |
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Post by FD1000 on Feb 3, 2024 2:10:42 GMT
No interest rate cut till the 2024 election is over. Seems funny market values are going up when the Fed is working to slow inflation. Prices are following earnings on select stocks though. AI mania reminds me of “irrational exuberance” in the late 90’s. Add rate cuts and maybe that fuels the fire. It’s only February. A lot of unknowns ahead like the U.S. torching the middle east today with more to come. Big difference between now and late 90s. The top tech companies are making a huge amount of money, profitable and own the world. The unknown now is less unknown compared to months ago because inflation + rates are lower. The Middle East problems have been in the news for decades and the Middle East is less problematic than the war in Ukraine and the China thread...all lead to one thing...strong US leader which is a political discussion...regardless, SPY,QQQ made 15%,18% in 3 months. |
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