Become a Member If you would like to read about this portfolio trade, consider joining Money For the Rest of Us Plus. Learn More About Membership » David recently provided a mortgage loan to a family member that was funded by reducing his cash balance and by selling some exposure to Treasury Inflation Protection Securities. Similar to other asset-based lending David has pursued, the loan is secured by a deed of trust on the underlying property. The loan will be reflected on … [Read more...]
Portfolio Trade: Exiting MCI
Become a Member If you would like to read about this portfolio trade, consider joining Money For the Rest of Us Plus. Learn More About Membership » Today, David sold his position in the Barings Corporate Investors fund (MCI) as its premium to net asset value rose to 36% compared to less than a 5% premium in August 2024. When David purchased MCI in March 2022, it was selling at a discount to net asset value of 12%, MCI primarily invests in privately placed, below-investment … [Read more...]
Portfolio Trade: Rebalancing Stock Exposure
Become a Member If you would like to read about these portfolio trades, consider joining Money For the Rest of Us Plus. Learn More About Membership » Today, David took profits in two growth-oriented ETFs he added to his portfolio in July 2023 to take advantage of the positive outlook for AI. The two ETFs are the Harbor Long-term Growers ETF (WINN) and the iShares Exponential Technologies ETF (XT). Given the extremely strong performance of WINN, along with the high valuations … [Read more...]
Portfolio Trade: Reducing Series I Savings Bond Exposure
Become a Member If you would like to read about these portfolio trades, consider joining Money For the Rest of Us Plus. Learn More About Membership » David sold some of his allocation to Series I Savings Bonds as the base rate was 0% compared to the market rate of close to 2% for Treasury Inflation Protection Securities. David decided to reduce his exposure in order to raise cash for a potential real estate purchase. Series I Savings Bonds sold in the first five years have a one … [Read more...]
Portfolio Trade: Exiting Global Infrastructure Closed End Fund
Become a Member If you would like to read about these portfolio trades, consider joining Money For the Rest of Us Plus. Learn More About Membership » This morning David sold his position in the abrdn Global Infrastructure Income fund (ASGI). This closed-end fund recently merged with the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD) that David purchased in December 2020. At the time, MFD was selling at a 14% discount to NAV. First Trust and … [Read more...]
Portfolio Trade: Switching Buffer ETFs
Become a Member If you would like to read about these portfolio trades, consider joining Money For the Rest of Us Plus. Learn More About Membership » David discussed defined outcome (buffer) ETFs in Episode 485 of the podcast. In the episode, David mentioned a strategy of actively managing exposure to buffer ETFs by exiting those that have appreciated to near the cap and reallocating the proceeds to a buffer ETF that has a higher cap and a floor near current levels of the S&P … [Read more...]
Portfolio Trade: Adding Bullet ETF, Buffer ETF and Increasing CLO Exposure
Become a Member If you would like read about these portfolio trades, consider becoming a member of the Money For the Rest of Us Plus. Learn More About Membership » Yesterday, David added two new ETFs to his portfolio, the Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and the iShares Large Cap Max Buffer ETF (MAXJ). David also increased his allocation to the BlackRock AAA CLO ETF (CLOA). BulletShares 2031 Corporate Bond ETF (BSCV) At the end of July, David had a U.S. … [Read more...]
Portfolio Trade: Exiting JP Morgan Chase Alerian ETN
Become a Member If you would like read about this portfolio trade, consider becoming a member of the Money For the Rest of Us Plus. Learn More About Membership » Earlier this week, David sold his position in the JP Morgan Chase Alerian ETN. This exchange-traded note will mature next month as it reaches the end of its term. David sold AMJ prior to its redemption because it has gained 5% in the past month and 15% year-to-date. He decided to lock in the profit. Since October 2017, … [Read more...]
Adaptive Model Portfolio Change: Increasing Stock Exposure
Become a Member If you would like read about this change to the Money For the Rest of Us Model Portfolios, consider becoming a member of the Money For the Rest of Us Plus. Learn More About Membership » Yesterday, we increased the stock allocation in the adaptive model portfolios by 5% for the more aggressive models and by 3% for the more conservative models. The adaptive models' stock and equity REIT allocations are now in line with the static models. With economic trends … [Read more...]
Portfolio Trade: Swapping Bank Loan Funds
Become a Member If you would like read about this portfolio trade, consider becoming a member of the Money For the Rest of Us Plus. Learn More About Membership » Yesterday, David sold his position in the BlackRock Debt Strategies Fund (DSU) and purchased the Virtus Seix Floating Rate Income ETF (SEIX). Both vehicles provide exposure to leveraged loans, also known as bank loans. You can learn more about leveraged loans in Episode 423 of the podcast and this video lesson. David sold … [Read more...]
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