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

To: chowder who wrote (1100)	8/26/2022 12:33:29 PM
From: Rarebird	Read Replies (2) \| Respond to of 21906

If you are so bearish and expect lower prices, why are you in such a rush to "put cash to work?" Why not wait for the markets to bottom and get a higher yield rather than buy into the decline here? And please don't tell me that it is impossible or highly unlikely to determine the bottom. This is a bear market and new lows below SPX $3636 are coming. Sometimes raising cash is the best option if you choose not to short. What is the rush in putting cash to work at these levels?

To: chowder who wrote (1100)	8/31/2022 2:16:03 PM
From: chowder	1 Recommendation Recommended By Figgie Respond to of 21906

Re: Young Folk Portfolio ... Add On Buys Today I added to RYLD and XLYD. All dividends in the Roth account are reinvested back into the underlying assets. The maximum Roth contribution has already been made for 2022 so all monthly cash contributions are going into the taxable account where most of those assets generate dividends to be invested selectively. A partial monthly contribution hit the account today and with what dividends were available, I added to both RYLD and XYLD, two high yield ETF's that deal in an options strategy on the S&P 500 and Russell 2000. The yields are as follows: RYLD .. 12.25% XYLD .. 12.51% The objective is to get these two assets built up to a full position and a full position in this portfolio is $4,000. The position size as of today is: RYLD .. $3,705 XYLD .. $3,649 Once I have them both built up to $4,000 each, I will use the monthly dividends to help build other positions within the account.