Jeffrey Gundlach is the CEO of DoubleLine Capital, which manages several of the closed-end investment funds I invest in. I invest in DoubleLine Income Solutions Fund (DSL), Doubleline Opportunistic Credit Fund (DBL), and RiverNorth/DoubleLine Strategic Opportunity Fund (OPP). All three funds are currently profitable for me. Together, they make up around 12% of my portfolio…
Another of my worst investments (in a portfolio not covered by this blog) is in a company called Nutrien. Nutrien is a Canadian-based global agricultural company that provides a range of products and services to farmers and other agricultural industry stakeholders around the world. The company was formed in 2018 through the merger of PotashCorp…
Currently, my worst investment across my portfolio is the ZPR “BMO Laddered Preferred Share Index ETF.” It is currently down 8% from where I bought it. I might have bought it too early. Investments such as these (and bonds) perform better in falling interest rate environments, not rising ones. But I feel that interest rates…
When I started this blog, I had several long-term goals. They were around reducing my uninvested cash and returning me a reasonable rate of return. This has been a tough year for investing in the stock or bond markets. The worst on record for the bond market and a rocky year for stocks too. A…
I want to add some money to the market, but I can’t choose an appropriate investment. It feels a bit foolish to still have so much money sitting on the sidelines right now. But I have this funny feeling that investors have taken so many losses this year that many might want to trim their…
I’ve had a lovely time away from the markets, and away from the computer. A little vacation always does the soul good. And while I was gone, the market went crazy. The good crazy, not the bad crazy. My portfolio, as a whole, is in the green for the year. THE GREEN! Again, I am…
There are 100 different examples of “financial things breaking” this year, but one that isn’t often discussed is how the bond market and the stock market rarely (if ever) crash simultaneously. The S&P 500 is down nearly 24% year-to-date, and the Bloomberg U.S. Aggregate Bond Index has surrendered about 16%. Should both indexes finish the…
Did I call the market bottom? Lol. No, I most certainly did not. But in my last post, I wondered when the pain would end. And talked about how the indexes trade within a channel either up or down over a period of time. Almost immediately, we’ve had a week of relief with the stock…
I am not a trader. I do not try to time the markets. Still, I am human. I watch the stock market go through a couple of days of irrational rallies and a couple of days of irrational falls… Up, down, up, down, down, up, up, down… it’s like a Super Mario Nintendo secret code….
I updated my Goals Page tonight to indicate my current cash-on-hand position – 50.3%. This is well short of my goal of 10%. The choppy and declining markets have helped me to decide to stay in cash during this year. For those that say, “but what about inflation eating the value of that cash away!”…
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