Thank you this is all helpful. I am tracking a portfolio of 18 CEFs 1 Vanguard High Yield Mutual Fund and 2 ETFs (MORT and AMLP) I would that its prudent to not take all the distribution per month but instead keep some in a money market and then every 6 months buy more shares of something tyhat is down
mailbu thanks. If I create such a portfolio I plan on holding back some money and buy more shares with it, the rest spend. I also would like you keep a good bite in growth stock funds. The annuity though it seems like a good safe portion to enable taking more risks with the growth and cef portions. Anyways Im sure the annuity doesn't pay as well as money invested in cefs. thanks again
thanks for the info! yes its a ways off yet. I am just wondering if having say 3/4 of my account in CEFs/ETF for monthly income and rest in stock mutual funds like Vanguard Total Stock Index (or 1/2 and 1/4 in an annuity and 1/4 in stock funds) how reliable or safe is that income. I usually here about the 4% rule where by one sells shares of a stock bond portfolio even if the mkt is down.
Looking ahead to retirement (8-10 years) would anyone invest in a portfolio of CEFs and take the monthly distributions? Is that too much risk? Another portion in stock mutual funds and maybe a small annuity. Thoughts?
Thanks everyone for your input. But I was wondering what is the difference between PTY, PKO, PDI, and PCI for that matter. They all similiar names, same managers etc
Anyone on here can explain the difference between PTY, PDI, PHK, PKO? Reading their website explanations seems like they are all similar to me. Some have the same manager. They all have great yields and great track records. Most don't have negative UNII except for PHK. They haven't recently been paying ROC. Would a portfolio holding all of these 4 funds be too risky?
Go back a couple of months and COP was in the low 30s and some were saying OIL will fall into the teens and COP was going bankrupt! It was a dark time hard to watch. My losses were mounting on COP. I added in the lows 30s and look at it now. Seems much brighter today. Buy and hold and don't listen to the experts on TV and especially on here.
Sentiment: Strong Buy