Putting the Buy and Hold Belief to the Test
Friday:

Monday morning futures:

Should be an interesting day.
Luckily, I still have a couple of years to wait for this trade to win. But PayPal, which was up briefly when I opened the vertical call spread, has now gone down, and the profits I had in that spread have gone away. So, let’s put that trade aside for now. PayPal will recover. I…
I decided to reduce some risks in the portfolio this week. Some of the Closed-End Funds that I invested in relied on junk bonds and unrated debt. I decided to reduce my exposure to the riskier end of the bond market. Goodbye to DSL, OPP, PHK, PDI. With interest rates higher and rising, I don’t…
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…
I mentioned before that I had to sell a bunch of stocks to buy a house last year. I just found the transactions for that, and I want to compare the price I sold at to the current price “for fun”. How lucky did I get? Stock Price Sold Current Price Up or Down CIBC…
I’ve been putting off writing this one. Partly because I didn’t want to face it, and partly because every time I sit down to look at my Novo Nordisk position, the number just looks worse. As of today, I’m down about 27% on my total investment in NVO. It stings. Not in a “there goes…
Last night, my cash on hand was roughly 87.9% of my overall investment portfolio. That is, I had only 12.1% of my investable assets invested. I woke up today determined to get at least “step one” underway. To lower that cash a little bit. As I write this, my cash balance has fallen to 78.3%,…
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