Young and Older Folk Portfolio Message Board

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Strategies & Market Trends : Young and Older Folk Portfolio

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Graustus

Tam3262

To: chowder who wrote (743)	1/10/2022 4:31:41 PM
From: chowder	2 Recommendations Read Replies (1) of 22002

Re: Old Folk Portfolio ... Buys and Sells Today I sold the position in ACV because the fund was selling at a 52 week high with regard to premium to NAV, at a time when NAV is taking a steep drop, and the fund carries 25% leverage. I thought it best to sell and come back to it later if that premium will come down to where it sells at a discount. In addition to selling ACV, there was a huge amount of special dividends that hit the account today, so I used those in addition to the proceeds from the sale of ACV to invest in the following: QYLD - 13.08% yield RYLD - 12.19% yield XYLD - 9.10% yield EXD - 6.86% yield ENB - 6.63% yield GDV - 4.93% yield TU - 4.52% yield CM - 4.06% yield ORI - 3.46% yield AEP - 3.45% yield RY - 3.34% yield CCI - 3.09% yield SJM - 2.77% yield LNT - 2.65% yield The objective was to create a nice balance between yield + dividend/distribution cash flow growth. Based on the position size for each position, when combined today's buys generate a 9.28% yield + 6.30% dividend/distribution cash flow growth. Objective achieved.

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