*Investors Blog*

Pablo said:
@SC Maintenance slight sale. Funny thing, these purchases pull my average share cost UP. Near $23 now! Of course, lowers my yield but larger cash every 3 months. I mean I could sell everything and buy BACPRB...............naw that wouldn't be good. :D

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Most of my portfolio is on sale today :ROFLMAO:

I don't need the yield so with rates continuing up I will likely sell BAC/PRB and buy more bonds. Or buy the JPM prefered's that are way under par. At least there is the chance those get called when rates go down.
 
Pablo said:
I thought 24.77 is under par!!
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Yes its under par, but the JPM stuff is way under par. I agree the chance of either being called is low so likely no matter, but there is some chance. Also if rates drop like you and I both seem to think will happen eventually, then the BAC/PRB will be way over par.

If I was going to hold one long term I would sell BAC/PRB and buy one of the way under water JPM ones. Again, not advice, only saying what I might do.

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I changed jobs last year and I am rolling over a large 401k balance into my rollover IRA with Fidelity (lower fees and one place to manage instead of two).

Everybody say a prayer for me that the market drops until the balance reaches Fidelity.
 
bdc101 said:
I changed jobs last year and I am rolling over a large 401k balance into my rollover IRA with Fidelity (lower fees and one place to manage instead of two).

Everybody say a prayer for me that the market drops until the balance reaches Fidelity.
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More like no fees in a Fidelity IRA! The one thing to watch out for is if your balance qualifies you for a "free" account executive. They can be a lot of help consolidating accounts and establishing goals, but watch out for when they become salesmen. Just say no to their AUM fee accounts or their annuities.
 
ArrestMeRedZ said:
More like no fees in a Fidelity IRA! The one thing to watch out for is if your balance qualifies you for a "free" account executive. They can be a lot of help consolidating accounts and establishing goals, but watch out for when they become salesmen. Just say no to their AUM fee accounts or their annuities.
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Yes, I hit that point a couple of years ago with Fidelity. I was super skeptical but he has actually been really helpful. Reaches out to schedule a meeting with me once a year and listens to me about my three fund portfolio, and has looked up a few things for me that I was confused about (like 529s as one example). Hasn't tried to sell me anything. I was pleasantly surprised!
 
We have decided to do a few things this year…

- Rebalance equity and bond/cash mix to approx. 80/20 *Done.
- Rollover one of wife’s old accounts to her current account. Tired of it just sitting there. *In the coming weeks.
- Paid off the Toyota’s loan and will use some the monthly extra to increase investments through dollar cost averaging. Still have a healthy cash saving. *Done
- Increase US Mid Cap and International Large Cap Funds and reduce S&P 500 Funds. *Over the coming months maybe even year, not all at once.

Again trying to reduce some exposure and risk in our portfolio and life.
 
I bought some JAAA in my rollover IRA. Sitting on $500K cash in a meg $+ account is kinda nuts after selling some stuffs, didn't have JAAA in this account, so worth the risk for some small yield boost. IMHO. Not a recommendation. Anything I write can and will cost your savings dearly. Etc.

Here's a snip of my holdings in this IRA. You won't see this kind of coverage from others (@Zee09 for example) here:

1779375161244.webp
 
ATex7239 said:
We have decided to do a few things this year…

- Rebalance equity and bond/cash mix to approx. 80/20 *Done.
- Rollover one of wife’s old accounts to her current account. Tired of it just sitting there. *In the coming weeks.
- Paid off the Toyota’s loan and will use some the monthly extra to increase investments through dollar cost averaging. Still have a healthy cash saving. *Done
- Increase US Mid Cap and International Large Cap Funds and reduce S&P 500 Funds. *Over the coming months maybe even year, not all at once.

Again trying to reduce some exposure and risk in our portfolio and life.
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Before you roll over, check the fees. I had a federal Thrift Savings Plan and I rolled things over and should’ve just left it there due to the nearly nonexistent fees.
 
Pablo said:
I bought some JAAA in my rollover IRA. Sitting on $500K cash in a meg $+ account is kinda nuts after selling some stuffs, didn't have JAAA in this account, so worth the risk for some small yield boost. IMHO. Not a recommendation. Anything I write can and will cost your savings dearly. Etc.

Here's a snip of my holdings in this IRA. You won't see this kind of coverage from others (@Zee09 for example) here:

View attachment 338659
Click to expand...
Yeah...... Zee09 is a waste 🗑
 
These guys have been accurate but I can't see the August + run.... it would be nice but......

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Of course the market decides to get super optimistic about the Iran war ending as soon as I cash out my 401k and start to roll it over :cautious:
 
bdc101 said:
Of course the market decides to get super optimistic about the Iran war ending as soon as I cash out my 401k and start to roll it over :cautious:
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Can never time the market but oh do we try

I sold covered calls on TLT $84 strike, expecting flat to down. May 27 of all dates. It will execute at a gain, but still arrgh.
 
bdc101 said:
Of course the market decides to get super optimistic about the Iran war ending as soon as I cash out my 401k and start to roll it over :cautious:
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I wouldn't sweat it yet. While there jawboning peace deal, they just started shooting at each other again, laying more mines, etc.

Oil prices have been suppressed by massive strategic releases of storage by China, Japan, USA plus all the storage afloat. Even if they signalled all clear there are huge headwinds already baked in.

We shall see. I do wish I had bought more TLT when the long bond was 520 bps. You can't time the roll overs.
 
SC Maintenance said:
Most of my portfolio is on sale today :ROFLMAO:

I don't need the yield so with rates continuing up I will likely sell BAC/PRB and buy more bonds. Or buy the JPM prefered's that are way under par. At least there is the chance those get called when rates go down.
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With rates going up the BACPRB basis will go down so you will end up with similar yield. In my view preferreds are tax advantaged bonds as long as the company is too big to fail (quoting Pablo).

I'm going after cash flow and am fine with the $25 with 6% qualified dividend that's already in my portfolio.
 
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