HYB
New America High Income Closed Fund
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HYB, FACEBOOK, AND APPLE PUTs FOR 6/18 GAMBLE DEGENERATES. I THINK YOU SMART APES WITH POCKET CHANGE TO GAMBLE KNOW WHY!
Theory Crafted a New Portfolio Allocation, Thoughts Welcome!
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What the heck are you talking about… First of all your useful life assumption? Stupid af. 200,000 miles would be a conservative estimate for a Toyota Camry’s useful life. Here’s a [2025 Camry LE](https://www.kbb.com/cars-for-sale/vehicle/730142667?city=Tallahassee&endYear=2025&fuelTypeGroup=HYB&listingType=NEW&makeCode=TOYOTA&modelCode=CAMRY&newSearch=false&referrer=%2Fcars-for-sale%2Fnew%2Fsedan%2Fhybrid%2F2025%2Ftoyota%2Fcamry%2Ftallahassee-fl%3FnewSearch%3Dtrue%26searchRadius%3D300&searchRadius=300&startYear=2025&state=FL&trimCode=CAMRY%7CLE&vehicleStyleCode=SEDAN&clickType=spotlight). Do the math. $0.16/mile. Here’s a [2022 Toyota Camry](https://www.kbb.com/cars-for-sale/vehicle/728426212?city=Tallahassee&dealType=greatprice&endYear=2022&listingType=USED&makeCode=TOYOTA&mileage=75000&modelCode=CAMRY&newSearch=false&referrer=%2Fcars-for-sale%2Fused%2Fsedan%2Ftoyota%2Fcamry%2Ftallahassee-fl%3FdealType%3Dgreatprice%26endYear%3D2022%26mileage%3D75000%26newSearch%3Dtrue%26searchRadius%3D300%26startYear%3D2020&searchRadius=300&sortBy=derivedpriceASC&startYear=2020&state=FL&vehicleStyleCode=SEDAN&clickType=spotlight) with 66k miles. Do the math. $0.09/mile for remaining useful life miles. Percentage change from 0.16 to 0.09 = 44% decrease. Are you stupid?
As of now I have more free time to spare. No skill set currently. I do start college soon to start learning a new one. I currently have it in a HYS account right now. I figure that’s different from a HYB fund. I will look into that to get more info on it
Long term bonds already have lower yields in anticipation of lower rates. If rates fall faster or more than expected, then bond yields may fall more, in which case they would rise in price and have good returns. High yield bonds have a strong credit component which is not directly related to rates. Often rates are lowered because the economy is falling, and HYB would do poorly in that case. But if rates are lowered in a 'soft 'landing' then HYB could do well. All else equal, you get paid for bearing credit risk and you get paid (not as much) for bearing duration risk. High quality variable rate bond funds are a cash equivalent and would return the risk free rate; on average that would be lower than other investments.
I’ll probably get hate for this but what the fuk are this many people doing with $20k in savings and not investing? Don’t let that much cash just lay around, at the very least put it in a high yield savings that’s getting 3% or something. The financial literacy of our generation is atrocious. Really wish they had taught us this stuff in high school but you can make a lot of money off investing smartly though don’t go to r/wallstreetbets looking to get rich fast just buy some $JEPI or $JEPQ or something like $HYB maybe a combination and let it reinvest.
Hey /u/sophia-avon - I am a bot from /r/wallstreetbets. You submitted one or more banned tickers: HYB. We don't allow discussion of low market cap (less than 500mm) tickers to prevent pump & dump spam and scammers.
Hey /u/sophia-avon - I am a bot from /r/wallstreetbets. You submitted one or more banned tickers: HYB. We don't allow discussion of low market cap (less than 500mm) tickers to prevent pump & dump spam and scammers.
Appreciate the concern, yes I understand what these are, I'm considering all of my options over Xmas and making decisions in the new year. Are there others you would go for outside of a HYB?
>Most of a HYB fund's return will be from the coupon/yield which usually gets distributed to investors. So NAV appreciation can't generally be expected unless you're buying when credit spreads have blown out (2008, 2020). Right but if the coupon/yield amounts to, say, 5% annualized, and the NAV decreases every year by 5% (as you seem to imply it's the norm, except for some exceptional cases) - then you're looking at a product that yields in the best case 0% (if you reinvest all dividends). Yet, HYBs are portrayed as "passive income" instruments. But what's the difference, then, between investing 1m in HYB and spending the 5% dividends while NAV keeps eroding your principal, and simply putting 1m in a checking account and spending 5% of it every year until the principal is gone?
Most of a HYB fund's return will be from the coupon/yield which usually gets distributed to investors. So NAV appreciation can't generally be expected unless you're buying when credit spreads have blown out (2008, 2020). I can't tell what's going on inside the funds you linked, but Global/EUR/Hedged indicates there's either currency risk or hedging costs that may have impacted returns. By contrast, Pioneer High Yield Fund (Y) has a 24-year history and a total annualized return of 7%+ which beats the Bloomberg US Aggregate annualized return of ~4%. So within fixed income, HYBs can be worthwhile over the long term even though they are volatile.
Someone check me if i'm talking out my behind, but the move out of HYB isn't necessarily a risk averse move. It's going where increasing real yields can be had for less overall risk per unit reward. Where is that? I dunno. Growth equities? Long dated treasuries?
HYB. The dividend yield has been floating between 7.5-8% for about 20 years.
I'm so dumb I'm taking a put on HYB, FACEBOOK, AND APPLE FOR 6/18. SUCK MY BALLS HEDGEFUND FEET LICKING HOMO!
Just workhorse,bb and clne in WSBE. I actually have some clue calls. Just on a gamble. Just a small gamble. HYB PUT for thus week, but you have to wait until Friday for it come to fruition. We're playing advanced stock market plays. BUY ABD HOLD IS/WAS GOD TIER. But theres always other plays too.
I'm going to go fuck your mother too. HYB PUT 6/18 AND I HAVE 2X $11 AMC CALLS IM EXCERCISING FRIDAY SHILL OR LIMPDICK! APES TO THE MOON!
Check my latest screenshots. Appreciate your post and attention to the high debt. I added the debt profile from Bloomberg. The 5bn debt doesn’t come due to anytime soon and is callable. With High Yield Bond rates at all time lows this year (vs March 2020 when they were trading at the wider range and we had a brief credit meltdown), they are likely to refi that debt soon into cheaper coupons. Their convertible notes where converted already into equity. They have Citi and Goldman advising them, who are the top High Yield Bond houses on the street, they will make more money on raising new debt in the HYB market for AMC, rather than on Prime brokerage. Aron is in good hands and he’s got tons of connections at the top with all the Wall Street CEOs to pull a major capital markets deal this year and than cross border M&A as they fill their war heat up. Don’t worry, the debt pile will come down and their weighted average cost of capital will also go down dramatically because the capital markets are wide open now, and their is huge bid by titles to see new paper come to market. All the tutes are just trading old bonds back and forth is a huge appetite for new bonds to hit the market.
Haha I feel like the HYB has become a more gender neutral battle cry since cleetus mcfarland hit the scene. I live in the swampy areas so our mud holes just swallow you.
HYB is a state of mind 💯🚀