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tomlongrpv (76.63)

Doubling Down?

Recs

5

April 13, 2014 – Comments (2)

This year I decided to invest my annual pension fund contribution on my own without input from this group.  Including accumulated earnings and 2013's contribution and my decision to sell some slacker mutual funds I had about $400,000 to redeploy.  I thought it was too overwhelming for my own approahc since 20087 of purchascing individual stocks so I picked two mutual funds.  Already they are down over a coool $20,000 in only qa few days.  Oh well.  The professionals seem to be able to lose money more quickly than I can. 

There will be more redelopyments this year as I inch closer to retirement (likely 5 years our)_ and so I invite input.  One non-tax deferred portfolio that was all bonds has had redemptions and now has $100,000 needing redelpoyment.  I am thinking of dividend stocks.

 

Thoughts?

2 Comments – Post Your Own

#1) On April 14, 2014 at 10:11 AM, awallejr (81.55) wrote:

Well I think yield is the place to be right now.  It beats cash and protects during volatility.  And it grows your income stream.  That and I would sell puts for added income, just don't go overboard on margin.  Since you are close to retirement I wouldn't use more than 25% margin for put selling and I would stick to quality stocks.

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#2) On April 14, 2014 at 11:17 AM, awallejr (81.55) wrote:

Just as a followup I still like the MLP, REIT and BDC space.  I am especially a fan of MLPs having finished doing my tax return last night.  It would have been uglier if I didn't get the tax treatment benefit of my MLP holdings.

Just some picks.

MLPS:  RGP, WPZ, BBEP, MMLP

ASSET Managers:  KKR, BX, FIG

REITS:  ARCC, PSEC, NCT, AINV

Others: T, MRCK, CAG, UAN, AAPL, GE.

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