Been down so long it looks like up to me list adjustments:
Still on the entry list. TAREX, Third Avenue Real Estate Fund. Not the cheapest expenses in the world, but good management in all the right places. This is NOT a REIT, but a mutual fund with large intl. holdings.
UNG, the natural gas ETF. Do I expect a mighty bounce overnight? Nope. Could it go down further? Betchur booties. But this bowwow is cheap.
JOF and JEQ. Everyone hates Japan. So, I've gotta be different.
No longer super cheap, but still holding:
GAM, General American Investments. This quality CEF still has a deep discount, but it is up 50% off its low. It has also reduced its leverage by buying back the preferred B shares I love so much. A great long term move, but lowers its exposure to the recent speculative pop in big stocks. Still love it long term, but not adding here.
TBT. Double short Treasuries. I still hate Treasuries, but the fund is not as dirt cheap as it was. I'm holding half a position and have no intention of selling until long bonds hit 8%. But it is no longer a layup for instant gratification and the structure is somewhat dangerous. |
