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...]
457 Plus: Yield-to-maturity, Cumulative vs Annualized Returns, Number of Funds, DSU and AGNC
In Plus episode 457, we explore how to calculate yield-to-maturity, cumulative returns, and annualized returns and how the measures differ. We explain why it is so challenging to identify an appropriate investment vehicle. We answer member questions on David's leverage loan holding (DSU) and preferred stock mortgage REIT with AGNC. Become a Member If you would like to listen to this episode of Money For the Rest of Us Plus, you can do so by becoming a Money For the Rest of Us Plus … [Read more...]
382 Plus: How High Will Interest Rates Go, A New Portfolio Holding, and Setting Limit Prices
In Plus Episode 382, we review previous Federal Reserve tightening cycles to see when and at what level longer-term interest rates peaked. We also review a new closed-end fund holding in David's portfolio, the BlackRock Debt Strategies Fund (DSU). This new fund replaces the iShares Interest Rate Hedge Corporate Bond ETF (LQDH). We also discuss how to decide what limit price to set when trading a closed-end fund or ETF. Become a Member If you would like to listen to this episode of … [Read more...]
Portfolio Trade: Adding Bank Loan Closed-End Fund
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 purchased shares in the BlackRock Debt Strategies Fund (DSU). This fund primarily invests in non-investment grade, variable rate, syndicated bank loans. The fund was selling for a discount to net asset value of 10% at the time of purchase compared to a 3% average discount over the past year. DSU was … [Read more...]
