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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:
      CDs
      Corp bonds
      High yield bonds
      REIT
      MLP
      Prefers
      Muni bonds

      Thanks

    • 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 QuantumOnline.com. 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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