|
Post by retiredat48 on Apr 7, 2021 2:04:06 GMT
MY Current CEF Holdings:
(CEF's only)...
DSL
HPS JPI NTG PCI PDI PFN PKO
PDO (small...recent addition; a foothold)
PTY
and R48...a thoroughly balanced, diversified, actively-managed portfolio; available for purchase off-forum... 🙂
Others might also post holdings...
|
|
|
Post by anitya on Apr 7, 2021 6:18:58 GMT
PCI PDI PDO NRGX FIF PFN
|
|
|
Post by xray on Apr 7, 2021 14:25:38 GMT
retiredat48, anitya, Interesting CEF holdings. I can tell by your holdings that you have some commonality between you. Since some of us only do math type computations it should be expected that there will be some major differences in our analysis and portfolio holdings.... I took PCI, PDI and PDO [that both of you have in your current portfolio's] to compare against HGLB for a "quick look" computer analysis comparison [YTD]. My computer data shows that I should not be holding these particular CEF's because of the "math data" differences that we use to meet our individual goals and objectives. Don't get me wrong, I am not saying that there is anything wrong with them as my computer gives them a pass only because of my "specific" computer "program" requirements. Some of us do not balance our portfolio's but go where the action is [we sell when the numb3rs go negative]. With that said.... Looking at my current comparison math data [YTD], I observe that HGLB is up +20.4, while PDI is up +9.7, PDO up +7.7 and PCI up +3.6. This should probably be expected since some investors are always balancing they're portfolio's for safety. My safety balance is always tied to my Rf [risk analysis numbers] compared to the market average for CEF's.... Different strokes for different folks as they say.... Live Long and Prosper....
|
|
|
Post by yogibearbull on Apr 7, 2021 14:43:54 GMT
HGLB is at a huge discount. It is a moderate-allocation global CEF with low leverage but 2.5x the volatility of SP500. Why is it so unpopular? What are the other CEF investors missing? Its mention on 4 threads here prompted this question. PV Run www.cefconnect.com/fund/HGLB
|
|
|
Post by retiredat48 on Apr 7, 2021 15:29:44 GMT
Hi xray...
I have been reviewing HGLB since some posters identified it, and some own it.
However, I don't get your comparisons.
You are comparing bond funds, with a predominately stock fund of eclectic holdings. Sure, comparisons will vary over time periods selected. I just do not have any of my stock allocation in CEFs.
But I'll gladly compare the returns of a (leveraged) PDI and PCI, with any other standard issue bond funds.
R48
|
|
|
Post by anitya on Apr 7, 2021 17:39:27 GMT
retiredat48 , anitya , Interesting CEF holdings. I can tell by your holdings that you have some commonality between you. Since some of us only do math type computations it should be expected that there will be some major differences in our analysis and portfolio holdings.... I took PCI, PDI and PDO [that both of you have in your current portfolio's] to compare against HGLB for a "quick look" computer analysis comparison [YTD]. My computer data shows that I should not be holding these particular CEF's because of the "math data" differences that we use to meet our individual goals and objectives. Don't get me wrong, I am not saying that there is anything wrong with them as my computer gives them a pass only because of my "specific" computer "program" requirements. Some of us do not balance our portfolio's but go where the action is [we sell when the numb3rs go negative]. With that said.... Looking at my current comparison math data [YTD], I observe that HGLB is up +20.4, while PDI is up +9.7, PDO up +7.7 and PCI up +3.6. This should probably be expected since some investors are always balancing they're portfolio's for safety. My safety balance is always tied to my Rf [risk analysis numbers] compared to the market average for CEF's.... Different strokes for different folks as they say.... Live Long and Prosper.... xray , PDO IPOed end of Jan and its current price is 1.5% (2% if you include the one dividend) above IPO price. Not sure what your computer is eating to say PDO is up 7.7%. Lurkers, It may be a while before PDO hits its stride. No compelling reason to add to it now. Not counting NRGX and FIF, I have not added new money to CEFs after March 2020. I am just playing around with various PIMCO multisector CEFs without adding new money. A
|
|
|
Post by richardsok on Apr 7, 2021 19:45:36 GMT
HGLB BIF FOF PTY CET PGP ASA PFL RA
|
|
|
Post by xray on Apr 7, 2021 21:12:59 GMT
retiredat48 , We can't compare "comparisons" since I don't invest that way. I could possibly have 35% of my portfolio in energy, 20% in world equity, 5% in bonds, and so on [you get the idea]. I do not look at what I am investing in if/when the numb3rs show me a disconnect with the current market. I follow the numb3rs. If/when the market changes, my computer starts to show the change [and the change in the numb3rs].... I always try to stay with the computers choices [as much as possible]. I do not use sector evaluations, ROC, or expense ratio's in my analysis of the numb3rs. I use solely my "Goals & Objectives" of 10% dividend or distributions and 5% CapGains as my drivers. In down markets, when there is little or no CapGains, I use only dividends and distributions as income [as a income oriented investor].... There is always the possibility that other CEF's may perform better in certain time periods but the CEF game is oriented to finding the undervalued security [and getting there "first" for better dividends and CapGains]. Math analysis helps me do that.... Penny stocks have been considered [panning for] "GOLD" when mixed in with CEF's. They don't move very much in MktPrc's but if/when bought with a increasing dividend, add considerably to the CapGain for the portfolio's [IMHO].... Live Long and Prosper....
|
|
|
Post by kzug60 on Apr 8, 2021 3:36:10 GMT
DSL, DLY, PCI, PFL, PHK, KIO, UTG, NZF.
|
|
|
Post by anitya on Apr 8, 2021 5:05:42 GMT
I forgot to mention that I own in-the-money DSL call options. If I consider the underlying DSL shares they would be the largest of all the CEFs I own. I normally do not invest in DoubleLine CEFs though their triplets are worthy of consideration. I do not own emerging market bonds, outside the small helping the PIMCO multisector CEFs might provide, and so DSL is my EM bond tilt. A
|
|
|
Post by yogibearbull on Apr 8, 2021 14:56:45 GMT
DSL, DLY, PCI, PFL, PHK, KIO, UTG, NZF.
I mostly switched from NZF to NVG, see LINK.
|
|
|
Post by anitya on Apr 16, 2021 18:13:08 GMT
PCI PDI PDO NRGX FIF PFN Edit: DSL call options Sold out of PCI - general de-risking due to high premium. While the premium may look high at 14%, the distribution yield is still good at 9% but I am a total return investor.
|
|
|
Post by xray on Apr 26, 2021 0:02:13 GMT
Some investors might want to take a look at both LGI and STK. They are performing "BEYOND EXPECTATIONS" [with no regard to dividends of course]. Appears that both want the NAV growth and will not increase dividends anytime soon....currently
Disclosure: Many of us no longer hold either LGI or STK. STK has been eliminated from our watch list while LGI remains on it. Many of us do not plan to invest in either security for the remainder of the 2nd and 3rd Qtr's....
|
|