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Dreyfus High Yield Strategies F Message Board

  • buundawg buundawg May 19, 2010 12:49 PM Flag

    New long position today 1,000 @3.94

    Let's see what happens

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    • something else you apparently also don't have:

      #6: A life.

    • this fund will go up and down, but hold no muni bonds..right now its yield is 12%.not too shabby.

    • Age: 60
      Would like 7 to 8% yield if possible in a taxable account. Am in 28% tax bracket last year. I live in Calif so figure 9% tax. This year I'll have Alternative Minimum Tax since I sold some real estate (no 1031). Next year I'll probably be in 28% or 31%.
      Also have some IRA money that I need to invest.
      I understand that interest rates are low and when they go up I would lose principal in bonds unless I hold till maturity.
      One more question: what happens to California muni bonds if Calif goes bankrupt?
      Thanks in advance.

    • you need to tell us your age , what this money is for, your tax situation, ira or real money?, if you can give info...several smart dudes can suggest for you!

    • i looked at cd's. i have a high yield savings account attached to my american express card. it pays better than most. that is where my "cd" money is going. they give me 1% of every $ i put on the card. i think you need to decide what is comfortable for you. this may not be. god bless

    • What percent would you suggest as an income portfolio with the following:
      Corp bonds
      High yield bonds
      Muni bonds


    • No, Prefs. usually don't have a maturity date. They are usu. callable starting 5 yrs after issue, but the call is at the issuer's option (not at all mandatory). You can do some research on Prefs. at Just key in the symbol (i.e. NNN-C) & you'll get a summary of the features.

      Like callable bonds, Prefs will usu. only get called when the issuer can issue new securities at a lower interest/dividend rate. This would be when the Pref. is already past the callable date & is trading at/over it's par value (usu $25).

      If these same rates go UP, then the mkt price of the Preferred will go DOWN & you're kinda "stuck". With a short-term BOND in the same scenario, you'll get your 100% face value @ maturity & will be able to reinvest at the current HIGHER rates (that's nice). In 2008 rates on most EVERYTHING went up, because the selling from fear drove the prices down.

      I made some very good $$ buying Prefs at the low prices of 08-09 & I do still hold some in CDR & CWH (formally HRP).

    • Do preferred stocks mature, like bonds? If so, then the same reasoning would apply to pref stocks vs pref funds.

    • I have bonds as follows:

      14% AAA (CD's)
      6% A (AGO, AIG, BAC)
      58% BBB (NNN, Tob. Settlement Bonds, LRY, HPT)
      4% BB (DDR, Intl Lease Fin)
      10% B (Amer Gen Fin, CIT, EIX, GMAC)

      My largest industries are: REIT's, Tobacco (the Tob. settlement bonds are Muni's, based on Tob. revenues), Insurance/Finance (largely AIG & subsidiaries)

      Fidelity does have low bond trading fees, but poor selection on their website (and can't search by co. name). All 3 of the other brokerages I mentioned have better bond selections on their websites, but Fidelity can usu. give you any bond price if you phone them w/the CUSIP no. Then (if you desire) they can place a trade for you (if you ask them, you can still get the low $1/bond online rate).

    • Thank you. I also know I read somewhere what rating corp bonds you buy but can't seem to find it right now. Which industry do you buy your corp bonds in? Also, I have a Fidelity accnt and will be looking thru their web site for bonds. Any suggestions?
      Also, thanks to Spencer & Arr...

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