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

To: chowder who wrote (1609)	10/30/2023 1:07:44 PM
From: chowder	3 Recommendations Recommended By 1RustyNail Menominee Tam3262 Read Replies (2) \| Respond to of 21987

I haven't added much to CEF's in the Older Folk Portfolio of late. The discounts to NAV have been widening to the point that I thought it was time to add to those selling at a steep discount. Since we are getting 5%+ in MM Funds, I usually require a 9% minimum yield to offset the risk of owning CEF's. The payoff needs to be worth it. I did add to one CEF with a yield under 9% but it's a long-term held position and it was either sell it or add to it and I chose to add to it. I added a significant amount of cash today into the following: BSTZ .. 14.13% yield FTHY .. 12.25% BGB ... 11.68% RFI ..... 11.53% ARDC .. 11.11% BCAT .. 10.65% ETV .... 10.27% ETW ... 10.01% EVT ..... 9.55% BDJ ..... 9.12% ETO .... 8.30% These moves increased the annual income by more than $1,800.