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Any thoughts on floating rate loan ETFs? They have a high yield right now.
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why are you even on reddit then thinking about all this? If you are "ignoring it" for 20+ years...you wouldn't even think about the market at all nor care. You'd look as you got closer to the 20 year mark. I have a small pension from part-time work at the library. It's only like $15,000...but I almost NEVER look at it -- because I chose the 8%/year option rather then a self-directed or whatever. I think that's what it is. I've looked at the balance less then the fingers on my hands over the past # of years. The analogy is if one thinks the "market always goes up" and has a average return of \_\_\_%...then don't bother ever looking! Cause it's "in the bag." As for majority of other liquid assets -- I don't have a 20 year time horizon....much shorter. With that said...don't even need to be in equities for my purposes. That's why I was mostly in bonds / fixed income already / MMF. Part of that was in "safer" investments like AAA CLOs, Which I realized wasn't that safe. I exited those in Feb/early March. JAAA / PAAA. At the same time I exited Pimco multi-asset fund (PHK, PAXS), etc...and some high yield bond ETFs and JBBB CLO. It's not "stressful" per se much. Just study and asset allocation. A game. Would I like to make some extra $$ with the "gambling" percent of my portfolio I've specified - sure. But I've reduced this to now just <1% in equities. If in theory if I missed everything and the market screamed higher the next month or two. or three..I wouldn't lose sleep over that. Don't try to time the absolute top nor bottom. It's just reward-risk analysis. .I do see a good opportunity to buy low - coming soon?
was mostly in bonds/bills already. sold longer held positions (months-years) in early March / late Feb though. Like EPD, GLW (@ 50!). Also higher yield type assets (CLO, HY bond, Pimco HY) - JAAA, PAAA, SPHY. PHK Though got a very very minor burn from entering in small position on Int'l Value stocks though...but dumped remaining just before Friday's bigly down (which means < 2% loss on those positions rather then 7%+ now?) < 1% overall in equity mutual funds. And just keeping that for old time's sake.... now...what to do about my < 5% gold position?
Sure. Why aren't you considering bonds in your dividend basket? As far as managing, I do it with what's called diversification. I'm not looking to maximize these investments every day. Frankly, when I bought them they were a good value. Some have dropped in share price, but the dividend remains attractive, so I'm not worrying about them. Others are growing the share price while kicking off a reasonable div. It's a well diversified portfolio basket of more than 30 holdings with equities in consumer, tech, energy, pharma, communications, bonds in treasuries and corporate, and a bunch of ETFs ranging from the likes of SCHD and BND to munis and REITs. Current yields range from .05% (QQQ), to a few in the 10-12% (PHK). This sector of my portfolio is just about generating income and it kicks off a comfortable income and pays the taxes too.
My PHK has definitely had a hard landing already.
TLT is usually the simplest one for options, and some people like to hold investor grade corporate bonds. [Pimco's High Income Fund (PHK)](https://www.pimco.com/en-us/investments/closed-end-funds/high-income-fund) offers an 11% yield rn and has a nice mix of gov't & high yield credit. I used to hold it but I'm in Canada so I didn't like the withholding tax. Right now I'm just long TMF, and will be looking for TLT calls if it drops on JPow speaking (10:30 EST on 11/30)
Just adding some info (which you may already know) ... some funds can go "unstable" really quickly losing not only part of the dividend but the value of each unit as well. I think this happened to one of the Pimco funds before (either PHK or sometihing like it) and the value kept decreasing over time. I think the allure of the CEFs are the high yields, but my take on it would be to diversify a bit more than staying purely with high yielding CEFs or at least choose funds with different strategies. (Some of what i said may already be obvious ... but just sharing my take on it) Hope this helps
It has not for me (yet). Granted I've been insanely lucky. I can't remember the exact order. Bought some Chase when it was around 92 a share sold it around 130 maybe a bit more. Had some ford, bought that around $5.50 a share sold it around $15. Bought some GE when it was done, made about a 12-14% profit on that.. Rolled some of that into Pfizer when it was at $40 a share.. Then I bought some more Pfizer when it was at $33 a share. Put stop limits on the Pfizer stock at $61 a share. Picked up a ton of Exxon at $53 a share, I have stop limits on it right now at $73 a share. If Exxon continues to go higher I'll adjust the stop limit accordingly. My reasoning on the Exxon purchase, the Economy is booming and more vehicles than ever are on the road. It's not something I plan to keep long term as I do feel EV's are the future. But short term? Why not? I'd say about the only losers I've had so far are Alibaba (I did not buy much of it) and PHK, yeah I'm new to investing and could not resist that 9% dividend. I did not buy much but it's still down about 12% hoping I can get to break even point off the dividends and dump it at some point. How ever overall I'm up and a ton.
PHK for thé cash, that’s about it though
I am a bot. You submitted a picture of a banned ticker, PHK. This check will fire if you included unnecessary pictures that have bad phrases or a bad crop with news about cryptocoins, for example. Repost with the useless pictures omitted if you did that. Yell at /u/zjz if it's above 1.5 billion-ish market cap and not related to crypto/pennies/OTC/SPACs.
I wouldn't buy anything that advertises on CNBC except PHK Pimco for the high dividends.
I really like PHK that went up a good bit today plus pays high >8% dividends.
Take those profits and buy PHK big monthly dividends!!!! You’re welcome!
Take those profits and buy PHK big monthly dividends!!!! You’re welcome!
Buy PHK big monthly dividends!!!
Buy PHK big monthly dividends!!!
I sold and put profits in PHK big monthly dividends!!!
Buy PHK big monthly dividends!!!
Put profits in PHK. Big monthly dividends!!!
I’ve held PHK and PDI for awhile, high dividend 10%.
PHK monthly dividends
Profits go in PHK with profits huge monthly dividends
Profit into PHK huge monthly dividends
PHK with profits huge monthly dividends
Buy PHK with profits. Huge monthly dividends
I have a mixture of dividend stocks and speculative stocks. NLY, AFIN, PHK, are just a few. I use DRIP to reinvest the dividends at this point.
Could be a large fund trying to profit off meme stocks and creates a grouping called $MEME. Now the distribution of $MEME could be based on a huge number of factors but at the end of the day, the fund may have a large weight of gamestop stock so when that started going down, it seemed that the entire fund started losing money. As a result, it may have triggered the sale of the entire group of $MEME causing a cascade on the rest. Considering many hedge fund managers think alike and are all in it for the profits, this effect could have been propagated by multiple huge funds with lots of money in these particular stocks. I'm not saying this is what happened but it's may be one of the avenues for what /u/PHK_JaySteel was suggesting.
Robinhood needs to add PHK, I need Pimco in my gambling portfolio