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Strategies & Market Trends : Young and Older Folk Portfolio

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To: chowder who wrote (230)	7/27/2021 4:28:24 PM
From: chowder	3 Recommendations Recommended By INCOGNIT0$ Menominee Waitress Read Replies (1) of 21853

Older Folk Portfolio ... Portfolio adjustments. In this portfolio a full position for equities is $150,000 each and a full position for CEF's is $75,000 each. I have a few CEF's that are overweight and I wanted to trim them back in size because going forward I want to own more CEF's but hold smaller positions in each of them. The new full position value for a CEF will be $40,000 each. ETO had a portfolio value of $134.5K so I trimmed $55K of that. It is still overweight, but for now it stands at $52K and that's acceptable. RNP had a portfolio value of $146K and I trimmed $59K of that. RNP now stands at $86K. It is still overweight and I may trim more of that later but I won't do so until I have some suitable replacements. With the proceeds from these two trims, I purchased the following new positions: Yield and shares. ARDC (7.36%) ... 631 shares (Senior Loans) RQI (6.06%) ...... 633 shares (Real Estate) ECC (9.07%) ..... 754 shares (Collaterized Loans - CLO's) SPE (8.38%) ..... 650 shares (Holds other CEF's) CCD (7.60%) .... 324 shares (Convertibles) BKT (6.45%) ..... 1562 shares (Financials) FLC (6.50%) ..... 418 shares (Preferred Stock) BMEZ (6.20%) .. 356 shares (Healthcare) EIC (6.70%) ...... 621 shares (Collaterized Loans - CLO's) FFC (6.64%) .... 437 shares (Financials) BHK (5.51%) .... 616 shares (Financials) The holdings above were all purchased at $10K each. I then added to a few existing CEF's. I added to GOF (10.04%) ... 459 shares (Dividend Stocks) bringing that position up to $27,224. I added to HTD (6.63%) ... 400 shares (Utilities) bringing that position up to $36,871. The lone equity purchased today was MKC, a consumer staple, yield is 1.59% but has a 5 year dividend growth rate of 9%. This add on purchase brought MKC up in value to $16,807. This is a new holding which was first bought last Friday. I will continue to add to this one as we go.

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