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

To: chowder who wrote (780)	1/26/2022 8:39:00 PM
From: chowder	1 Recommendation Recommended By marsdon Read Replies (1) \| Respond to of 22025

Re: Old Folk Portfolio ... Add On Buys I did a little buying today in the OFP. Earlier this week I added to a few CEF's and I'm looking to build positions going forward at a rate of 50% CEF's and 50% Equities with the focus on dividend cash flows and dividend cash flow growth. Today I added to: LMT -- 2.89% yield MO -- 7.20% yield VZ -- 4.84% yield This makes LMT a little under a 3/4 sized position and both MO and VZ are now 3/4 sized positions. So in summation, these were strictly income based plays as the OFP is in the withdrawal phase.

To: chowder who wrote (780)	1/31/2022 6:39:38 AM
From: CrabbyTurtle	Read Replies (1) \| Respond to of 22025

Very curious about the TYG purchase, the thought process behind that one. It had a very big raise, but that was coming off the back of a very large cut last year. And, it is trading at a slightly less than average discount, for the past year. Large discount to historical norms. NAV is understandable, as all the mid streams and energies got beat up and are recovering. The ROC looks good in a taxable account. Just looking to understand the decision. Thanks!