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No portfolio or strategy can be perfect. But can there be a strategy that can work well in a bull market, a bear market, or a stagnant market, generate a decent income, and conserve capital, all at the same time? We also want our strategy to avoid roller-coaster rides of index investi...
For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market...
August was quite the busy month for my closed-end fund portfolio, though 4 of the additions came about as swaps for better valued funds. DLY was a recent fund I covered, and is one that I swapped out from PKO, but I also added additional capital. I sold out two funds in August but...
The preferred stock space has been richly valued for some time as the 'other' funds join Flaherty & Crumrine ("F&C") funds in premium land. F&C is the premier manager in the preferred stock space, across any publicly traded asset type, with a fantastic long-term track reco...
PFO was a recent addition to my portfolio after a swap from FFC. PFO currently trades at a 4.24% premium, but this fund regularly trades at a premium. The fund currently pays an attractive distribution yield of 6.17%. For further details see: PFO: Preferred Income, 6.17%...
A recovery in credit spreads and a drop in Treasury yields have buoyed the prices of preferred stocks and sector CEF NAVs. This has allowed preferred CEFs to increase borrowings this year which drives higher income levels and strengthens distribution coverage. In particular, the F...
Last time we touched on FLC, they had trimmed their distribution a bit. They are focused on sustainability and making sure their distributions are covered through income. This fund currently has a distribution yield of 6.45%. For further details see: FLC: Distribution Se...
During July, global consensus earnings estimates have re-accelerated to the upside, representing another bullish impulse in the tug of war between high valuations on the one hand and strong profits momentum on the other. Despite market worries of a loss of momentum in the near term, t...
For most people, especially retirees, it's very difficult to tolerate large and deep drawdowns. But with index investing, there's no escape from a roller coaster ride. Early last year, we introduced the concept of the Near-Perfect Portfolio (NPP). Since that time, the market has made ...
FFC is back in the portfolio as the opportunity presented itself as a swap from FLC. The fund currently trades at a premium, but this isn't unusual for these preferred funds. In the preferred fund space, Flaherty & Crumrine continually comes out on top as they offer a solid li...
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2024-05-30 22:20:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-10 23:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-01 14:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...