ASGI - 4 Closed-End Fund Buys In The Month Of March 2024
2024-04-14 09:11:39 ET
Summary
- Cash is becoming more appealing as the market continues to hit all-time highs, but there are still some potential opportunities.
- I consistently make purchases every month regardless of market conditions, though I tend to slow down a bit when we are reaching such elevated levels.
- This month includes adding to three positions I already held, and also making a swap back to a long-time holding of mine.
The broader markets, as measured by the S&P 500 Index, have continued hitting all-time highs, so I've been letting some cash build up. In fact, I feel that cash is becoming increasingly appealing the longer this market run continues. The last meaningful market pullback/correction for the broader market was in October 2023. That doesn't mean we can't continue to go higher, but history would suggest that at least some minor pullback should be in the cards....
4 Closed-End Fund Buys In The Month Of March 2024