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Post by xray on Mar 7, 2022 12:19:59 GMT
Current analysis data shows analysis weekly rating of 6.67 down from 6.92 (need >7.0 minimum for buy decision signal). Many securities went to new low's in book values and NAV's (even though their MktPrc's increased). Many of us will stay on the sidelines this week. On the positive side, there are some (very) selective securities that are still considered very undervalued (by analysis)....
Some of us are considering "possibly" changing our buy/sell strategy (called Plan A) to prevent a loss of capital should we feel that the market has no place to go but down (as in previous major decline). Will be interesting this week and the following week as decision time will be playing out (IMHO)....
The market is considered "DANGEROUS" for investors but has "new" possibilities for income investors. Some securities are showing very high dividends and distributions but they also show that they cannot maintain their "current" dividends and distributions and should be lowering them in the very near future (IMHO)....
I took notice within the analysis data that some of our good performing securities "continue" to hold up well and will perform well in the next "up" market cycle (whenever that might occur)....
We must remember that there is a war going on and the world is getting involved and red flags for investing are being waved at us. "Risk" is increasing and all of us should take notice and invest "only to our own individual RISK TOLERANCE" (for possible loss of capital going forward)....
Live Long and Prosper....
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Post by xray on Mar 10, 2022 10:55:07 GMT
We live in interesting times. With that said....
Some of us have changed our strategy with our dividend oriented portfolio's. Metals have been peaking (indicating a bottom for the market) so we evaluated our portfolio's to the current market (on 3/8) and ran a "SELL/BUY" cycle (selling all of our shares, of the selected securities, and immediately buying back all of the shares at the current Mktprc's) for approximately 50% of our portfolios. This action immediately increased our current dividends within the portfolio and established a new "base line" for CapGain appreciation going forward....
This will not work for everyone unless you have some very good securities (by analysis) within the portfolio that have been beaten down with the latest market decline (and considered totally undervalued)....
The market remains volatile and dangerous so we continue to be cautious and retain some cash for taking advantage of opportunities if/when they present themselves....
Live Long and Prosper....
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Post by Deleted on Mar 10, 2022 11:11:48 GMT
X- Like your posts. I have been selling dividend stocks that ran up. I have a couple showing paper losses, so would run afoul of wash sale rules if I locked in losses and then immediately bought lower. Win has been buying lower and plans to do some tax loss harvesting, which might make better sense for these. How did you select your securities to cycle?
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Post by xray on Mar 11, 2022 11:31:22 GMT
Sara, Your: 1... I have been selling dividend stocks that ran up. I have a couple showing paper losses, so would run afoul of wash sale rules if I locked in losses and then immediately bought lower. 2... Win has been buying lower and plans to do some tax loss harvesting, which might make better sense for these. 3... How did you select your securities to cycle?
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1... First of all, most of us are trading in non taxable accounts so we don't use wash sales. If a income investor is using a taxable account the SWAG (scientific wild ass guess) rules would be quite different.... Also, in a declining market where most securities continue to decline in value, selling dividend stocks might not be a good idea (single opinion) should the decline continue to the end of the year. Currently, with the sell/buy technique, some of us are approaching 12% for this current year. If/when the market turns around (hopefully in our lifetime) CapGains comes into play again as there will be a rush to again buy "high" dividend securities....
2... In your specific case, you would have to buy first and sell 31 days later (risk increases) like Win is doing. You can decrease your risk by buying only 50% additional shares and keep some powder dry in case the market continues to go lower. Called a win win decision...
3... Some of us look at the ratio's of book values and NAV's to current MktPrc's. This data is then compared to our November 30th data (when the market was performing much better than currently). Insider buy/sell data is evaluated and at what price may affect what we are doing. Add to this any latest press releases having to do with the securities in question. Then we look at the current NAV's, book values and mktPrc's to make our SWAG.... The SWAG is "not" foolproof as when we deal with smart managers of the security, they might be going to "cash" and thus will have a impact on our current decision.... Looking at my data this morning, >70% of the portfolio MktPrc's were up in a relatively down market yesterday. Sounds good, but really isn't as I scan the market for "NAV's" performance where >85% were lower. Indicates to me (IMHO) that the market still wants to go lower. But this is Friday so we won't really know much until next week to really see what is going on (volatile market continues)....
One single opinion of the many I am sure....
Live Long and Prosper....
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Post by xray on Mar 11, 2022 19:50:26 GMT
Sara, uncleharley, richardsok, yogibearbull, steelpony10, rhythmmethod, Fearchar, retiredat48, steadyeddy, Additional comment: If/when reviewing insider buy activities, you might want to be aware that the insiders "normally always" sell first and then buy in a buy/sell action. Very good move if the dates are spaced properly. Insiders would want the investors (traders) to believe, that when they sell, that the security in question may be going "lower" (insiders knowing something that we don't) and then "BUY" back the security at a lower MktPrc (after the traders have already sold it).... Recent Example (KYN): Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or Value Price Mar 9/22 Mar 9/22 Kayne Anderson Capital Advisors Lp Indirect Ownership Common Stock S - Open market or private sale Footnote and/or Remark -54,040 $8.47Mar 9/22 Mar 7/22 Kayne Anderson Capital Advisors Lp Direct Ownership Common Stock J - Other transaction Footnote and/or Remark 54,040 Mar 4/22 Mar 3/22 Cordes William R Direct Ownership Common Stock P - Open market or private purchase 5,000 $8.80 Appears 8.80 is the current magic sell/buy price for income investors currently (IMHO).... --------- Live Long and Prosper....
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Post by uncleharley on Mar 11, 2022 19:54:24 GMT
I place more weight on an insider buy than a sell on the theory that they do not have to buy, but may have a number of reasons, unrelated to the stock, to sell.
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Post by steadyeddy on Mar 11, 2022 21:25:13 GMT
I place more weight on an insider buy than a sell on the theory that they do not have to buy, but may have a number of reasons, unrelated to the stock, to sell. I agree with this viewpoint. Sells are routinely done as a part of insiders financial plan. But buys speak - the larger the buy the louder it speaks.
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Post by Deleted on Mar 12, 2022 14:43:19 GMT
X - I am doing a little bit of strategic buying to sell later. Thank you. When I run up some 50% or more on my dividend stocks, I trim 10% to 25%. I add a bit to the down ones and put dividends on reinvestment. Trying to avoid new positions or at least swap out for another.
Wash sales - if you trade in a taxable and non - i.e. buy in an ira and sell in taxable to lock in a loss - same security - the wash sale rules kick in I believe, but yes I understand sticking to all nons that isn't an issue. Is that your understanding?
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Post by fishingrod on Mar 12, 2022 15:36:19 GMT
From the IRS website. Chapter 4 Page 56
"You cannot deduct losses from sales or trades of stock or securities in a wash sale unless the loss was incurred in the ordinary course of your business as a dealer in stock or securities. A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you: 1. Buy substantially identical stock or securi- ties, 2. Acquire substantially identical stock or se- curities in a fully taxable trade, 3. Acquire a contract or option to buy sub- stantially identical stock or securities, or 4. Acquire substantially identical stock for your individual retirement arrangement (IRA) or Roth IRA. If you sell stock and your spouse or a corpora- tion you control buys substantially identical stock, you also have a wash sale"
So yes, it would still constitute a wash sale.
This is a good article.
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Post by xray on Mar 13, 2022 20:41:29 GMT
Current analysis data shows analysis weekly rating of 6.49 down from 6.67 (need >7.0 minimum for buy decision signal). Analysis data shows we had this same numb3r (6.49) back in the week of 2/19. We appear to be in the stagnate weeks of traders trading. Many securities went to new low's in book values and NAV's (even though some MktPrc's increased this past week). We are currently in a "Dividend Cycle" (March) so there will be some buy/sell activity. On the positive side, there are some (very) selective securities that are still considered very undervalued (by analysis)....
Some of us are considering "possibly" changing our buy/sell strategy (called Plan A) to prevent a loss of capital should we feel that the market has no place to go but down (as in previous major decline). Will be interesting this week and the following week as decision time will be playing out (IMHO)....
The market is remains "DANGEROUS" for investors but has "new" possibilities for income investors (undervalued securities). Some securities are showing very high dividends and distributions but they also show that some cannot maintain their "current" dividends and distributions and should be lowering them in the very near future (IMHO). Strict extensive analysis is required for any current buying....
I took notice within the analysis data that some of our better performing securities "continue" to hold up well and should perform well in the next "up" market cycle (whenever that might occur)....
We must remember that there is a "Police action" going on (not a war yet as Congree needs to declare one if they are going to). The Korean War was another police action that never became a war that many of us served in) and the world is getting involved and red flags for investing are being waved at us. "Risk" is increasing and all of us should take notice and invest "only to our own individual RISK TOLERANCE" (for possible loss of capital going forward)....
Live Long and Prosper....
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Post by richardsok on Mar 13, 2022 21:56:57 GMT
Agree, x. My technicals are currently so red I'm not even looking for new things to buy. Pimco funds are particularly ugly despite their excellent coverage reports. I believe the market must fear their exposure to global equities and debt. That's the downside of staying invested in a veritable black box enterprise. Spending my time testing different ETFs to see how they elicit signals and the length of their trends. Biggest frustration is my inability to find a lo vol bearish fund.
Interesting to watch ECC behave like it's on a stone floor.
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Post by Chahta on Mar 13, 2022 23:05:43 GMT
From the IRS website. Chapter 4 Page 56
"You cannot deduct losses from sales or trades of stock or securities in a wash sale unless the loss was incurred in the ordinary course of your business as a dealer in stock or securities. A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you: 1. Buy substantially identical stock or securi- ties, 2. Acquire substantially identical stock or se- curities in a fully taxable trade, 3. Acquire a contract or option to buy sub- stantially identical stock or securities, or 4. Acquire substantially identical stock for your individual retirement arrangement (IRA) or Roth IRA. If you sell stock and your spouse or a corpora- tion you control buys substantially identical stock, you also have a wash sale"
So yes, it would still constitute a wash sale.
This is a good article.
I asked this question a couple of weeks ago and got affirmative answers that a different fund family, even though the type was the same, would not violate the wash sale rule. Is this saying differently now?
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Post by fishingrod on Mar 13, 2022 23:27:13 GMT
No, nothing different. The IRS has left it really vague and kind of lets the brokerage and seller assess the "substantially identical" nature of the securities in question.
They may allow someone to buy SP500 index fund from Fidelity after selling a SP500 index fund from Vanguard. Claiming that the managers are different, rebalance rules, expense ratios, etc. Even though it could be argued from both sides. And I understand the logic, especially with the different tax treatment of some very similar funds.
Other people would not do that and push for buying something at least slightly different. They might sell VOO and buy VTI.
If I had it to do I would leave no question for the IRS and buy something slightly different, instead of the same fund from another fund company.
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Post by fishingrod on Mar 14, 2022 1:19:08 GMT
From the IRS website. Chapter 4 Page 56
"You cannot deduct losses from sales or trades of stock or securities in a wash sale unless the loss was incurred in the ordinary course of your business as a dealer in stock or securities. A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you: 1. Buy substantially identical stock or securi- ties, 2. Acquire substantially identical stock or se- curities in a fully taxable trade, 3. Acquire a contract or option to buy sub- stantially identical stock or securities, or 4. Acquire substantially identical stock for your individual retirement arrangement (IRA) or Roth IRA. If you sell stock and your spouse or a corpora- tion you control buys substantially identical stock, you also have a wash sale"
So yes, it would still constitute a wash sale.
This is a good article.
I asked this question a couple of weeks ago and got affirmative answers that a different fund family, even though the type was the same, would not violate the wash sale rule. Is this saying differently now? Here are 2 good articles.
"Although no ruling has been made on wash sales triggered by substantially identical mutual funds, a cautious investor and advisor must consider all the facts and circumstances of each transaction in question to determine material aspects. Like stocks and bonds, it is possible for several material features, when considered together, to constitute a substantial similarity or difference. Overlap evaluation is just one part of the determination.
In the end, the “facts and circumstances” concept is of primary importance, requiring the evaluation and weighting of all relevant, material features in determining "substantially identical."
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Post by xray on Mar 20, 2022 10:58:07 GMT
richardsok, Your: Agree, x. My technicals are currently so red I'm not even looking for new things to buy. Pimco funds are particularly ugly despite their excellent coverage reports. I believe the market must fear their exposure to global equities and debt. That's the downside of staying invested in a veritable black box enterprise. Spending my time testing different ETFs to see how they elicit signals and the length of their trends. Biggest frustration is my inability to find a lo vol bearish fund. Interesting to watch ECC behave like it's on a stone floor. ---------- I don't follow Pimco funds (in general) like most do. I follow what I consider are value funds (currently undervalues). I am sure that some Pimco funds will appear going forward. Currently, like you have already stated, they are considered overvalued and waiting for the numb3rs to change.... ECC does appear like granite because of strong continuing positives. Has fallen off though (7star) with a report card of 85 (power rating of 90) looking at last week's numb3rs.... Live Long and Prosper....
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Post by xray on Mar 20, 2022 11:08:32 GMT
xray, uncleharley, richardsok, yogibearbull, steelpony10, rhythmmethod, Fearchar, retiredat48, steadyeddy, Current analysis data shows analysis weekly rating of 7.11 (need >7.0 minimum for a buying decisions signal). Analysis data now shows a possible market bottom. The bad news is that Friday was a "recovery" of the week's low performance so this week may tell the story.... Our better performing securities in our portfolio's are continuing to do well. Low performing securities ( not up for the past week) should be studied carefully (IMHO) and a new analysis should be done. We should understand "why" any security is down and should not either be sold or reduced in amount of shares.... We must remember that there is a "Police action" going on (not a war yet as Congree needs to declare one if they are going to). The Korean War was another police action that never became a war that many of us served in) and the world is getting involved and red flags for investing are being waved at us. "Risk" is increasing and all of us should take notice and invest "only to our own individual RISK TOLERANCE" (for possible loss of capital going forward).... Live Long and Prosper....
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Post by xray on Mar 22, 2022 10:06:16 GMT
Business Wire New Residential Investment Corp. Declares First Quarter 2022 Common and Preferred Dividends
Mon, March 21, 2022, 4:15 PM
NEW YORK, March 21, 2022--(BUSINESS WIRE)--New Residential Investment Corp. (NYSE:NRZ, "New Residential" or the "Company") announced today that its Board of Directors (the "Board") has declared first quarter 2022 common and preferred stock dividends.
Common Stock Dividend The Board declared a quarterly dividend of $0.25 per share of common stock for the first quarter 2022. The first quarter common stock dividend is payable on April 29, 2022 to shareholders of record on April 4, 2022.
Preferred Stock Dividends In accordance with the terms of New Residential’s 7.50% Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the first quarter 2022 of $0.4687500 per share.
In accordance with the terms of New Residential’s 7.125% Series B Cumulative Redeemable Preferred Stock ("Series B"), the Board declared a Series B dividend for the first quarter 2022 of $0.4453125 per share.
In accordance with the terms of New Residential’s 6.375% Series C Cumulative Redeemable Preferred Stock ("Series C"), the Board declared a Series C dividend for the first quarter 2022 of $0.3984375 per share.
In accordance with the terms of New Residential’s 7.00% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series D"), the Board declared a Series D dividend for the first quarter 2022 of $0.4375000 per share.
Dividends for the Series A, Series B, Series C and Series D are payable on May 16, 2022 to preferred shareholders of record on April 18, 2022.
ABOUT NEW RESIDENTIAL
New Residential is a leading provider of capital and services to the mortgage and financial services industry. The Company’s mission is to generate attractive risk-adjusted returns in all interest rate environments through a complementary portfolio of investments and operating businesses. Since inception in 2013, New Residential has delivered over $3.9 billion in dividends to shareholders.
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Comment: NRZ currently has a Report card of 95 (power rating of 100), 10star last 3-wk period, total weekly scoring of 363 (need >+274). Portfolio sell code remains @ "0" with a Rf (risk factor) to portfolio holding of +0.411 (need >+0.308).... Disclosure: Some of us continue to maintain a maximum allowable (risk allocation) position in NRZ....
Live Long and Prosper....
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Post by xray on Mar 22, 2022 10:10:38 GMT
Oops... Posted latest NRZ announcement on wrong string... Sorry about that ... Please delete....
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Post by xray on Mar 31, 2022 16:01:09 GMT
uncleharley, richardsok, yogibearbull, steelpony10, rhythmmethod, Fearchar, retiredat48, steadyeddy, Reference: My last Post: Current analysis data shows analysis weekly rating of 7.11 (need >7.0 minimum for a buying decisions signal). Analysis data now shows a possible market bottom. The bad news is that Friday was a "recovery" of the week's low performance so this week may tell the story.... Our better performing securities in our portfolio's are continuing to do well. Low performing securities (not up for the past week) should be studied carefully (IMHO) and a new analysis should be done. We should understand "why" any security is down and should not either be sold or reduced in amount of shares.... We must remember that there is a "Police action" going on (not a war yet as Congree needs to declare one if they are going to). The Korean War was another police action that never became a war that many of us served in) and the world is getting involved and red flags for investing are being waved at us. "Risk" is increasing and all of us should take notice and invest "only to our own individual RISK TOLERANCE" (for possible loss of capital going forward).... ---------- We have been off to the races as many of us have already observed. With that said.... Current analysis data (COB last Friday) shows analysis weekly rating of 7.52 (need >7.0 minimum for a buying decisions signal). Analysis data did show a market bottom. The news showed that Friday was a "recovery" of the week's low performance so this week is a continuation. The bad news is (for income oriented investors), as many of us have already observed, is that everything is "UP" and we can't take further advantage of dollar cost averaging our portfolio's.... Our better performing securities in our portfolio's are doing too well. Low (or non performing) securities should be studied carefully (IMHO) and a new analysis should be done. We should understand " why" any security is down and should either be sold or reduced in the amount of current shares being held.... We must remember that there is a " Police action" going on (not a war yet as Congree needs to declare one if they are going to). The Korean War was another police action that never became a war (that many of us served in) and the world is currently getting more involved and red flags for investing are being waved at us. " Risk" is increasing and all of us should take notice and invest " ONLY TO OUR OWN INDIVIDUAL RISK TOLERANCE" (for possible loss of some capital with the current market rise going forward).... Live Long and Prosper....
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Post by xray on Apr 7, 2022 11:00:14 GMT
Appears that the "SELLING" is increasing. Investors must keep in mind that if both NAV's and Book values remain "higher" than our current MktBuyPrc's and their dividends are consistent with our acceptable (% dividend cost to yield price) returns, we should not be selling because others do (IMHO). I am observing several securities that have increased in MktPrc as some investors are observing a bargain....
The problem, as I see it, is that CEF's and Mutual funds (etc) have "many" securities in their portfolio's and when the trend is "down", all of them will lose short term value until the managers of the funds "re-arranges" (direction of) their portfolio's to the current market changes (related to inflation). Some of the re-arrangement will provide us with rapid increases in MktPrc's if/when market again goes positive....
This is not the time for "PANIC" or selling out (because many others are selling out in their speculative securities that were already over valued) but it is the time for all of us to study our "Previous" trends of the securities in our current portfolio's. Some might possibly have to be sold because of previous problems that were being observed, but there will be some that should always remain in our portfolio's. In my case, I am observing that my watch list is doing much worse than I would expect it to (for buying and replacing those that I might consider to sell). This is a time for "careful analysis"....
One single opinion of the many I am sure....
Live Long and Prosper....
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Post by uncleharley on Apr 7, 2022 12:33:28 GMT
Meanwhile I intend to shift a part of the proceeds from my sale of some miners to Utilities. I'll know more when the transaction is completed.
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Post by xray on Apr 7, 2022 20:16:34 GMT
Have any of us noticed that when the market tanks or goes lower, conversation posting is reduced considerably and even gets "VERY" scarce. You would think that conversations should increase as many different opinions would exist on keeping or selling a security that might be in question. Even a bargain that pops up could be discussed....
In addition, I would think that visitors to the website would get curious as to what others are thinking or doing. I, myself, love investor viewpoints (even contrarian) that could make us rethink our analysis that we may have just completed. Sometimes, reanalysis is required as market thinking (or missing analysis parameters we are unaware of) will require us to do another analysis (with the missing information)....
Makes some of us think that we have a "follow the leader" (message board) mentality with our individual analytical thinking missing....
Live Long and Prosper....
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Post by bizman on Apr 7, 2022 20:25:29 GMT
Have any of us noticed that when the market tanks or goes lower, conversation posting is reduced considerably and even gets "VERY" scarce. You would think that conversations should increase as many different opinions would exist on keeping or selling a security that might be in question. Even a bargain that pops up could be discussed.... In addition, I would think that visitors to the website would get curious as to what others are thinking or doing. I, myself, love investor viewpoints (even contrarian) that could make us rethink our analysis that we may have just completed. Sometimes, reanalysis is required as market thinking (or missing analysis parameters we are unaware of) will require us to do another analysis (with the missing information).... Makes some of us think that we have a "follow the leader" (message board) mentality with our individual analytical thinking missing.... Live Long and Prosper.... Psychology is a fascinating topic, and one little discussed as it pertains to us individually, especially in something serious like investing. Why? Probably a lack of personal and intellectual humility. We all like to think we are purely rational, where others are boobs acting irrationally and emotionally. No one wants to show weakness, and it's a lot easier to see the flaws of others than admit our own. I know I'm a mess. Half rational and half emotional. We are all walking around with essentially the same "software" that rewarded those who panicked first at sight or sound of predators on the savannahs of Africa a few thousand years ago, and then lived to go on and reproduce and pass on their genes. But as in Lake Wobegon, we tend to think we are all above average.
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Post by Deleted on Apr 8, 2022 11:06:21 GMT
Xray - I have noticed that! I agree it would be good to post throughout - I am still adding/selling here and there. After the decade long run, I finally sold some of my companies which had large run ups in price and/or seemed overvalued. I pared those in the former category an sold the full position in the latter. Pared - examples - CLX, CVX, PG, UPS, KMB, MCD, ABBV, AMZN, AAPL. Sold all of PAYX (regret! - but I do think it is overvalued) - FB (switching to GOOG). Sold BABA and am leaving China to active fund management. Now - I am reinvesting most dividends. Have my picks to buy if the market swoons. Buying some energy - adding to CTRA when it dips. Holding LEN which is painful, but it's a great company, undervalued and has a product in demand - houses. Regularly run through my positions to see what's most vulnerable and if I want to bail - UBER, COIN. Preparing myself mentally to see AAPL and AMZN fall - largest positions, so I will feel it psychologically. All in all, just waiting! Good luck to all.
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Post by xray on Apr 11, 2022 17:45:26 GMT
Appears that the "SELLING" is again increasing. Investors must keep in mind that if both NAV's and Book values remain "higher" than our current MktBuyPrc's and their dividends are consistent with our acceptable (% dividend cost to yield price) returns, we should not be selling because others do (IMHO). I am "AGAIN" observing some securities that have increased in NAV & MktPrc as some investors are observing a bargain....
Be careful with RO's with the current overheated market as many of us believe that we should take advantage of RO's in down/low markets and not have any additional shares while markets are in constant decline....
The problem, as I see it, is that CEF's and Mutual funds (etc) have "many" securities in their portfolio's and when the trend is "down", all of them will lose short term value until the managers of the funds "re-arranges" (direction of) their portfolio's to the current market changes (related to inflation). Some of the re-arrangement will provide us with rapid increases in MktPrc's if/when market again goes positive. Appears that CEF managers are currently "changing" their current portfolio's...
This is not the time for "PANIC" or selling out (because many others are selling out in their speculative securities that were already over valued) but it is the time for all of us to study our "Previous" trends of the securities in our current portfolio's. Some might possibly have to be sold because of previous problems that were being observed, but there will be some that should always remain in our portfolio's. In my case, I am observing that my watch list is doing much worse than I would expect it to (for buying and replacing those that I might consider to sell). This is a time for "careful analysis"....
One single opinion of the many I am sure....
Disclosure: Some of us have gone to 33% cash as of COB Friday. This move will "decrease" the volatility of our portfolio's against the volatility of the current market. If investors want to help protect their current portfolio's, and at the same time keep the selected good performers, it should be done in two steps. First, sell the losers. Secondly, reduce the shares of CEF's that are overpaying dividends or distributions at the expense of the NAV. Lower NAV's drive the MktPrc's "LOWER" ....
Live Long and Prosper....
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Post by richardsok on Apr 11, 2022 18:18:08 GMT
Hi everyone --
I haven't posted or traded much at all the last few weeks as I am involved with the sale of my Pennsylvania property and most of the contents. Don't even have internet available as the property is being emptied out. Very stressful, this unloading of 30+ years of memories and memorabilia. In the last couple of days -- unloaded majority positions in PDI and PGP as the ex-div sliding continues. Bought SARK and added to RJA on signals. BCI at plateau; holding. Very heavy in cash again, but not nearly enough protective hedges.
What I HAVE learned being absent from these boards during my project is that moving costs are OBSCENE. Ended up selling or even giving away almost all my furniture, except the antiques or those few heirloom things. Moving regular furniture long distance is COST PROHIBITIVE! You're better off dumping almost everything and re-buying good used furniture at your destination. The cost of the move exceeds the worth of most furniture pieces! I got good prices for my Danish teak dressers and the matching library shelving & cabinets. But the beds and most chairs and sofas either gave away or sold for fraction of value. Culled my shelves of all but my favorite books. Kept the antique artwork and statuary. Ditched the farm and gardening tools for a song. Ditto garden furniture, most lamps, even my high back office chair was worth more to me in the dumpster than on the truck.
I refused to let the wife accompany me, as I knew I'd have to make a lot of hard, quick decisions and anticipated endless petty debates over every damned little thing. Will accept the one big fracas when the moving truck pulls up to our Florida property and she discovers how much I jettisoned. (But she'll be glad to see me, so it shouldn't be a divorce-theats level of spat. (I kept all her clothes. Every last frock, scarf and hairpin.)
With all that, cost to move remainder from Penna to Fla makes one want to gag. The good news, is that I think I sold the property at a favorable moment.
Sorry for the diversion. You guys aren't going to hear from me for a while.
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Post by xray on Apr 14, 2022 16:41:05 GMT
Interesting....
Have we took notice that some of our securities were down this past week....
My computer analysis is showing "MANY" securities have come back in MktPrc price to within $0.01 of COB last Friday (looking at securities in my portfolio and those on the current watch list and others). What this means to me is that we are holding some very good securities in our portfolio's (and watch list) and current bargain hunters are seeing the "bottom" of the market in these particular securities....
Since tomorrow (Friday) is a holiday for many (Easter weekend) and the market is closed. It will be interesting if some or all go positive in the last hour today....
Live Long and Prosper....
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Post by retiredat48 on Apr 15, 2022 2:18:45 GMT
Hi everyone -- I haven't posted or traded much at all the last few weeks as I am involved with the sale of my Pennsylvania property and most of the contents. Don't even have internet available as the property is being emptied out. Very stressful, this unloading of 30+ years of memories and memorabilia. In the last couple of days -- unloaded majority positions in PDI and PGP as the ex-div sliding continues. Bought SARK and added to RJA on signals. BCI at plateau; holding. Very heavy in cash again, but not nearly enough protective hedges. What I HAVE learned being absent from these boards during my project is that moving costs are OBSCENE. Ended up selling or even giving away almost all my furniture, except the antiques or those few heirloom things. Moving regular furniture long distance is COST PROHIBITIVE! You're better off dumping almost everything and re-buying good used furniture at your destination. The cost of the move exceeds the worth of most furniture pieces! I got good prices for my Danish teak dressers and the matching library shelving & cabinets. But the beds and most chairs and sofas either gave away or sold for fraction of value. Culled my shelves of all but my favorite books. Kept the antique artwork and statuary. Ditched the farm and gardening tools for a song. Ditto garden furniture, most lamps, even my high back office chair was worth more to me in the dumpster than on the truck. I refused to let the wife accompany me, as I knew I'd have to make a lot of hard, quick decisions and anticipated endless petty debates over every damned little thing. Will accept the one big fracas when the moving truck pulls up to our Florida property and she discovers how much I jettisoned. (But she'll be glad to see me, so it shouldn't be a divorce-theats level of spat. (I kept all her clothes. Every last frock, scarf and hairpin.) With all that, cost to move remainder from Penna to Fla makes one want to gag. The good news, is that I think I sold the property at a favorable moment. Sorry for the diversion. You guys aren't going to hear from me for a while. Hi R Did you consider giving the furniture etc to charity?? Then assign a high content value to each item, then deduct from income for tax purposes. If it comes to an audit, let the IRS assign a value to each item; and you should act senile, or with dementia, with the agent during the process! AND always be "hard-of-hearing." R48
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Post by uncleharley on Apr 15, 2022 12:19:29 GMT
"If it comes to an audit, let the IRS assign a value to each item; and you should act senile, or with dementia, with the agent during the process! AND always be "hard-of-hearing.""
That is easy for me to do! lol
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Post by xray on Apr 15, 2022 16:05:54 GMT
..... Don't kill the messenger ....
"SELLING" is again increasing. Be careful with RO's with the current overheated "downtrend" market as many of us believe that we should always take advantage of RO's with the lowest market price possible. Currently, with the current RO's announced, some of us are "passing" on their current offer....
The problem, as I see it, is that CEF's and Mutual funds (etc) have "many" securities in their portfolio's and when the trend is "down", all of them will lose short term value until the managers of the funds "re-arranges" (direction of) their portfolio's to the current market changes (related to inflation). Some of the re-arrangement will provide us with rapid increases in MktPrc's if/when market again goes positive. Appears that CEF managers are continually "changing" their current portfolio's...
This is not the time for "PANIC" or selling out (because many others are selling out in their speculative securities that were already over valued) but it is the time for all of us to study our "Previous" trends of the securities in our current portfolio's. Some might possibly have to be sold because of previous problems that were being observed, but there will be some that should always remain in our portfolio's. In my case, I am observing that my watch list is doing much worse than I would expect it to (for buying and replacing those that I might consider to sell). This is a time for "careful analysis"....
One single opinion of the many I am sure....
Disclosure: Some of us continue to maintain 33% cash as of COB Friday (today). This move will "decrease" the volatility of our portfolio's against the volatility of the current market. If investors want to help protect their current portfolio's, and at the same time keep the selected good performers, it should be done in two steps. First, sell the losers. Secondly, reduce the shares of CEF's that are overpaying dividends or distributions at the expense of the NAV. Lower NAV's drive the MktPrc's "LOWER" ....
Live Long and Prosper....
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