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

To: chowder who wrote (1454)	2/5/2023 8:58:16 PM
From: Charliebrown7211	Read Replies (1) \| Respond to of 21783

Chowder, I always appreciate seeing the OFP updates as I am an Old Folk myself! Thank you. I have a question concerning your CEF holdings. A year or so ago, you mentioned reducing your exposure to leveraged CEFs due to the expected rise in interest rates, of which we all know have occurred. There seems to be an expectation that rates will continue to rise throughout 2023, although at a slower pace, until the Fed believes they have inflation under control. Indications are a target of around 5.0% to 5.25% (but who actually knows for sure). At what point would you start to nibble at a bond centric CEF? There might be another half point or three quarter point rise in the rates, but would that have a significant detrimental effect on bond CEFs? I would expect their value to drop slightly as new bonds with higher interest rates are issued, but rise in value relatively quickly as old, lower interest bonds are replaced with higher interest ones. Would you wait on purchasing leveraged CEFs until the Feds actually hold interest rates steady? At that point start buying them again anticipating eventual Fed rate cuts? I have a few utility CEFs (UTG, UTF, BUI), but would like to venture further afield with a few more higher yielding instruments. Thanks again for all the updates.

To: chowder who wrote (1454)	2/6/2023 4:18:57 PM
From: chowder	1 Recommendation Recommended By The Beard Read Replies (3) \| Respond to of 21783

Re: Older Folk Portfolio -- Today's Activity As an income & growth investor, the Older Folk Portfolio (OFP) is expected to earn over half a million dollars in annual income within 5 years. Since the previous goal was to achieve $300K in annual income by 2022, and that objective was achieved, it was time to establish a new goal and half a million in annual income by the end of 2027 is that goal. Today I added: CEF's: BME ... 23.261 shares @ $42.93 UTF ... 39.078 shares @ $25.56 STK ... 185.736 shares @ $26.97 .. A new position. EQUITIES: AQN .. 12.908 shares @ $7.35 CMI ... 4 shares @ $250.00 MO ... 158.634 shares @ $47.11 Position Sold: ASG ... 1,385.392 shares ----------------------------------------------- This brings these positions up in size to: MO ...... $119,093 UTF ..... $60,525 BME .... $45,660 AQN .... $35,833 CMI ..... $34,189 STK ..... $5,000 ... New position ASG ... Liquidated

To: chowder who wrote (1454)	3/4/2023 8:15:34 PM
From: chowder	4 Recommendations Recommended By red cardinal Tam3262 The Beard Waitress Read Replies (5) \| Respond to of 21783

Re: OLDER FOLK PORTFOLIO ... UPDATED 03/04/23 Portfolio Balance: $6,175,368 Annual Income: $311,592 Portfolio Yield: 5.05% Dividend Growth 5 Years: 3.4% Holdings: 98 INCOME GROWTH 2017 - $91,556.12 2018 - $132,548.54 .. +44.7% 2019 - $174,588.90 .. +31.7% 2020 - $213,374.56 .. +22.2% 2021 - $257,279.04 .. +20.5% 2022 - $311,139.14 .. +20.9% 2023 YTD - $49,580 ------------------------------------------------ HOLDINGS: CD's 367612AE8 Gateway First Bank CD .............. 4.60% .. 08/16/23 .. $5,000 61690UU57 Morgan Stanley Bank CD ........... 4.25% .. 05/03/23 .. $20,000 66476QDB1 Northern Bank CD ...................... 4.45% .. 08/15/23 .. $5,000 800364EN7 Sandy Spring Bank CD ............... 4.50%.. 05/16/23 .. $5,000 9497633F1 Wells Fargo Bank CD ................... 4.25% .. 05/04/23 .. $5,000 -------------------------------------------- Symbol ..... Value ..... % Port. ..... YLD ..... Income PG ....... $152,866 ... 2.5% ... 2.59% ... $3,962 O ......... $151,475 ... 2.5% ... 4.74% ... $7,173 XEL ..... $148,295 ... 2.4% ... 3.20% ... $4,738 SRE .... $147,269 ... 2.4% ... 3.15% ... $4,645 SO ...... $146,116 ... 2.4% .... 2.4% .... $6,132 UTG ... $145,202 ... 8.07% .. 2.4% .... $11,714 PEP .... $139,908 ... 2.92% ... 2.3% ... $4,088 ABBV .. $135,638 ... 3.79% ... 2.2% ... $5,145 DUK .... $132,386 ... 4.21% ... 2.1% ... $5,579 NEE .... $131,200 ... 2.53% ... 2.1% ... $3,323 KMB ... $127,371 ... 3.73% ... 2.1% ... $4,752 KO ...... $126,717 ... 3.10% ... 2.1% ... $3,922 LMT .... $126,264 ... 2.51% ... 2.0% ... $3,170 MO ..... $117,693 ... 8.08% ... 1.9% ... $9,510 WEC ... $117,094 .. 3.48% ... 1.9% ... $4,077 TD ...... $116,696 ... 4.37% ... 1.9% ... $5,094 WPC .. $110,966 ... 5.17% ... 1.8% ... $5,738 HD ..... $108,144 ... 2.80% ... 1.8% ... $3,029 GIS ...... $96,511 ... 2.71% ... 1.6% ... $2,618 BMO .... $94,594 ... 4.36% ... 1.5% ... $4,124 AMGN .. $92,515 ... 3.63% ... 1.5% ... $3,356 VZ ........ $91,790 ... 6.82% ... 1.5% ... $6,261 AEP ..... $81,948 ... 3.73% ... 1.3% ... $3,053 TGT ..... $81,245 ... 2.60% ... 1.3% ... $2,114 GPC .... $79,571 ... 2.21% ... 1.3% ... $1,760 UL ....... $77,701 ... 3.51% ... 1.3% ... $2,724 PRU .... $77,701 ... 5.05% ... 1.2% ... $3,891 BIPC ... $75,143 ... 3.48% ... 1.2% ... $2,617 BUI ...... $69,879 ... 6.43% ... 1.1% ... $4,495 JNJ ...... $67,894 ... 2.93% ... 1.1% ... $1,992 ABT ..... $67,894 ... 1.95% ... 1.1% ... $1,323 LNT ..... $67,024 ... 3.38% ... 1.1% ... $2,329 AVGO .. $65,174 ... 2.91% ... 1.1% ... $1,895 VICI ..... $64,650 ... 4.57% ... 1.0% ... $2,955 ARCC .. $63,495 ... 9.87% ... 1.0% ... $6,267 ORCC .. $62,032 .. 9.76% ... 1.0% ... $6,051 AIO ...... $60,881 .. 10.33% .. 1.0% .. $6,287 RFI ...... $60,827 ... 7.33% ... 1.0% ... $4,457 RY ....... $60,140 ... 3.85% ... 1.0% ... $2,313 CM ...... $59,991 ... 5.41% ... 1.0% ... $3,246 UTF .... $58,601 ... 7.57% .... 0.9% ... $4,434 D ........ $56,149 ... 4.77% .... 0.9% ... $2,679 TU ...... $55,029 ... 5.20% ... 0.9% ... $2,862 PTY .... $53,811 ... 10.60% .. 0.9% ... $5,703 ENB ... $53,565 ... 6.72% .... 0.9% ... $3,601 SJM ... $52,892 ... 2.71% .... 0.9% ... $1,431 T ........ $52,367 ... 5.90% .... 0.8% ... $3,090 DNP ... $51,702 ... 6.79% .... 0.8% ... $3,512 LEG ... $50,932 ... 5.06% .... 0.8% ... $2,578 CNP ..... $49,222 ... 2.68% ... 0.8% ... $1,316 ADC ..... $48,329 ... 4.08% ... 0.8% ... $1,970 BX ........ $47,984 ... 4.82% ... 0.8% ... $2,314 HTGC .. $47,270 ... 10.22% .. 0.8% .. $4,832 ORI ...... $46,487 ... 3.77% ... 0.8% ... $1,752 PH ....... $45,922 ... 1.48% ... 0.7% ... $678 BMEZ .. $45,895 .. 10.75% .. 0.7% ... $4,935 NTST .. $45,165 ... 4.00% .... 0.7% ... $1,806 XYLD .. $44,841 ... 12.64% .. 0.7% ... $5,667 JEPI .... $44,825 ... 11.80% .. 0.7% ... $5,287 BME .... $44,775 ... 6.12% .... 0.7% ... $2,741 RYLD .. $44,279 ... 12.78% .. 0.7% ... $5,659 MS ...... $43,177 ... 3.15% .... 0.7% ... $1,361 BTI ...... $42,851 ... 7.06% .... 0.7% ... $3,025 AQN .... $42,567 ... 5.55% .... 0.7% ... $2,362 ARES .. $42,322 ... 3.71% ... 0.7% .... $1,568 ETO .... $42,209 ... 7.38% ... 0.7% .... $3,113 CCI ..... $41,620 ... 4.76% ... 0.7% .... $1,981 ARDC .. $41,287 ..10.24% .. 0.7% ... $4,226 GD ...... $40,182 .. 2.18% .... 0.7% ... $876 QYLD ... $39,449 ... 12.74% ... 0.6% ... $5,026 CVS ..... $38,890 .... 2.96% .... 0.6% ... $1,150 APD ..... $38,448 .... 2.37% .... 0.6% ... $913 CMI ...... $38,364 .... 2.43% .... 0.6% ... $933 BDJ ...... $38,223 .... 7.39% .... 0.6% ... $2,826 IDE ....... $38,210 .... 9.27% .... 0.6% ... $3,542 TSCO ... $37,790 .... 1.79% .... 0.6% ... $676 SPE ...... $37,057 .... 9.02% .... 0.6% ... $3,343 FDX ...... $33,738 .... 2.20% .... 0.5% ... $742 TYG ...... $33,415 .... 8.99% .... 0.5% ... $3,004 EVT ...... $33,170 .... 7.52% .... 0.5% ... $2,492 MDLZ ... $33,121 .... 2.34% .... 0.5% ... $776 BEP ...... $32,672 ... 4.99% .... 0.5% ... $1,628 TXN ...... $32,352 ... 2.82% .... 0.5% ... $913 EXD ...... $30,935 ... 8.64% .... 0.5% ... $2,673 BSTZ .... $30,527 ... 10.78% .. 0.5% ... $3,290 CII ........ $26,032 ... 6.54% .... 0.4% ... $1,703 IGA ....... $22,515 ... 8.85% ... 0.4% ... $1,993 NIE ...... $21,645 ... 10.05% .. 0.4% ... $2,175 UNP .... $20,257 .... 2.48% .... 0.3% ... $503 BGY .... $20,253 .... 7.43% .... 0.3% ... $1,504 IGD ..... $20,064 .... 9.01% .... 0.3% ... $1,806 ETY .... $17,676 ... 8.12% ... 0.3% ... $1,434 EOI .... $17,183 ... 8.31% ... 0.3% ... $1,428 EOS ... $17,100 ... 8.44% ... 0.3% ... $1,443 ETW ... $16,635 ... 8.67% ... 0.3% ... $1,441 BST .... $16,110 ... 9.26% ... 0.3% ... $1,492 ETV .... $10,011 ... 8.65% ... 0.2% ... $866 STK .... $8,090 ..... 6.81% ... 0.1% ... $551