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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (368)	10/6/2021 8:52:43 AM
From: Don01022	Read Replies (1) \| Respond to of 21774

I am trying to understand these new municipal bond funds that you have purchased. I live in MA. When it states that "It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax", does that mean if you hold this fund in a taxable brokerage account that you will not receive a 1099. This is new to me. I have never purchased this type of fund before. Thanks for any clarification that you can provide.

To: chowder who wrote (368)	10/20/2021 11:18:59 PM
From: chowder	3 Recommendations Recommended By INCOGNIT0$ stardusting Waitress Read Replies (1) \| Respond to of 21774

Re: Old Folk Portfolio -- New Positions. Today I initiated starter positions in ANTM and UNH at $10K each. The catalyst for these purchases was when ANTM announced earnings today that beat expectations and then raised expectations going forward. This is what I refer to as a "beat and raise." Anthem posts Q3 earnings beat, FY profit forecast raise. Anthem (NYSE: ANTM) posted third-quarter results that beat Wall Street estimates and raised its profit forecast for the year. Quarterly revenue increased more than 16% to $35.8B, beating analysts' estimate by $450M. The company raised its full year adjusted net income outlook from greater than $25.50 per share to greater than $25.85 per share. Analysts were expecting $25.65 per share. Operating cash flow is expected to be greater than $6B, with Investment income expected to be ~$1.2B. "The strong growth we saw across all of our benefits business in the third quarter demonstrates that our core offerings, as well as additional innovative products and services continue to resonate in the market," CEO Gail Boudreaux said. ---------------------------- ANTM finished up 7.7% on the day. -- UNH had announced last week and based on those results I decided to finally start a position in it today. UnitedHealth gains on Q3 beat; FY21 guidance raised. Q3 revenues increased 11.1% to $72.3B, beating estimate of $71.24B, including double-digit percentage growth at both Optum and UnitedHealthcare. UnitedHealthcare revenues grew by 11.0% to $55.9B compared to last year. Optum revenues of $39.8B rose 13.9% Y/Y, with each of the three Optum businesses contributing to operating earnings growth, led by OptumHealth. UNH finished up 2.52% on the day. Both ANTM and UNH are in the Old and Young Folk Portfolios.