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

To: chowder who wrote (9807)	9/22/2024 10:38:59 AM
From: goldcountry	1 Recommendation Recommended By livwell Read Replies (2) \| Respond to of 21887

I'm intrigued by your philosophy about spreading your CEF exposure across many CEFs to avoid distribution cut disrupting your income flow in this portfolio. You have a large number of CEFs within the same strategy (equity, convertibles, municipal, etc.). Seeing a cut in one of these could be the canary in the coal mine that might allow you a couple of weeks to safely rotate out of others before they inevitably cut as well and see their valuations fall. I like it! QUESTIONS for CHOWDER and ALL 1. Did you identify a certain percentage of your portfolio that you would invest in CEFs? a. How did you determine this amount? 2. How did you select the strategies of CEFs that you would invest in? a. Did you aim for a certain percentage of your CEF portfolio allotment in each bucket? b. How did you identify the individual CEFs in each bucket? 3. Do you track the changes in discount/premium with any regularity to rotate in and out of your CEFs or buy and hold as long as the distributions remain constant?

To: chowder who wrote (9807)	9/22/2024 12:00:13 PM
From: FactFree	Read Replies (1) \| Respond to of 21887

Chowder, Surprised to see that you're getting out of ARCC. Is this a case of being in the red on this one or is it a concern in general about BDC's going forward ?

To: chowder who wrote (9807)	9/22/2024 12:30:42 PM
From: 5-88	Read Replies (1) \| Respond to of 21887

Re: Older Folk Portfolio 2.0 (OFP 2.0) ... Update Chowder, I've been keeping my Portfolio Yield: at roughly 2.80%. [Normally my goal is between 2.80% ~ 4.00%] Is there an average yield that you like to maintain when managing a portfolio?

To: chowder who wrote (9807)	11/17/2024 11:29:01 AM
From: chowder	12 Recommendations Recommended By 1RustyNail agniv arzu chap107 Das Kapital and 7 more members Read Replies (4) \| Respond to of 21887

Re: Older Folk Portfolio 2.0 (OFP 2.0) ... Update Older Folk Portfolio 2.0 objectives: This portfolio wants to combine growth, income and capital preservation, especially capital preservation. It's a blend of objectives. Since this portfolio is a blend of growth and income, I'm using VWELX as a benchmark as it too is a blended growth and income fund. ====================================== YTD Performance: (11/17/24) According to Schwab, Taxable Account ... +18.29% Non Taxable ......... +16.37% VWELX ................ +14.41% Portfolio Value: $2,022,079 Annual Income: $81,455 Portfolio Yield: 4.03% Holdings: 73 ======================================== Symbol ... % of portfolio SWVXX .... $379,000 ... 18.7% (money market fund) SPY ........ $102,506 ... 5.1% AAPL ...... $86,625 ..... 4.3% MSFT ..... $78,850 ..... 3.9% SMH ....... $65,986 ..... 3.3% XLK ........ $58,321 ..... 2.9% SCHG ..... $51,262 .... 2.5% NVDA ..... $49,693 .... 2.5% SPMO .... $46,950 .... 2.3% COST ..... $45,354 .... 2.2% CAT ........ $42,248 .... 2.1% ISRG ....... $39,571 ... 2.0% MA .......... $39,142 ... 1.9% ABBV ..... $38,773 .... 1.9% BRK.B .... $37,622 .... 1.9% AFL ........ $36,958 ..... 1.8% SO .......... $35,786 ... 1.7% PGR ....... $34,695 ... 1.7% HD .......... $34,695 ... 1.7% OBDC .... $32,796 .... 1.6% (largest BDC) DUK ....... $29,164 .... 1.4% GD ......... $28,799 ... 1.4% ET .......... $27,664 ... 1.4% RTX ....... $26,669 ... 1.3% AIO ........ $26,661 ... 1.3% (largest CEF) MAIN ..... $26,080 ... 1.3% EPD ....... $22,385 ... 1.1% WEC ...... $20,576 ... 1.0% AFB ........ $20,340 ... 1.0% (Muni Bond CEF) AMGN .... $19,853 ... 1.0% EVN ....... $19,370 ... 1.0% (Muni Bond CEF) EIM ....... $19,092 ... 0.9% (Muni Bond CEF) EFT ....... $18,218 ... 0.9% KO ......... $17,508 ... 0.9% AVK ....... $17,508 ... 0.9% EOS ...... $17,078 ... 0.8% ETW ....... $15,895 ... 0.8% JRI ......... $15,707 ... 0.8% ETY ....... $14,820 ... 0.8% ARDC .... $13,249 ... 0.7% CMG ...... $13,249 ... 0.7% JFR ........ $12,238 ... 0.6% EOI ........ $11,878 ... 0.6% NBXG .... $11,704 ... 0.6% CAVA ..... $11,028 ... 0.5% CCD ...... $10,526 ... 0.5% RA .......... $10,496 ... 0.5% HTGC ..... $10,103 ... 0.5% (BDC) WDI ........ $9,694 ..... 0.5% RLTY ...... $9,474 ..... 0.5% ASGI ...... $9,250 ..... 0.5% DPG ....... $8,853 ... 0.4% BXSL ...... $8,394 ... 0.4% (BDC) BGB ....... $8,201 .... 0.4% FRA ........ $8,199 ... 0.4% OXLC ..... $8,132 ... 0.4% (largest yield 20.57%) PHD ....... $8,111 ... 0.4% OCCI ...... $8,102 .. 0.4% (yield 19.25%) BGX ....... $7,885 .. 0.4% BLW ....... $7,624 .. 0.4% PTY ....... $7,574 ... 0.4% XFLT .... $7,418 ... 0.4% ECC ..... $7,258 ... 0.4% (yield 18.40%) BIT ....... $6,891 ... 0.3% NXG ..... $6,337 ... 0.3% EIC ....... $5,796 ... 0.3% (yield 15.11%) BST ...... $5,714 ... 0.3% UTG ..... $5,311 ... 0.3% UTF ...... $4,955 ... 0.2% EXG ..... $4,793 ... 0.2% FTHY ... $4,688 ... 0.2% JEPQ ... $4,115 ... 0.2% SPYI .... $4,101 ... 0.2% Note how most of the CEF's are the smallest holdings. I would prefer to own 2 to 3 times more CEF's at a small percentage than to own a few as a large sized position. I want to spread income risk since we know that most CEF's will cut their distribution, but not at the same time.