I just looked again, and 2 things I like about the fund are its jurisdictional diversification, and the fact that many of the loans seem to be around 10-13M market value, so not big loans.
Closed end funds are some of the more unique investment structures. Not well understood by most investors. If bought at the right price they can be some of the best long term income investments.
People are generally referencing the S&P 500 or a total stock market index. Having said that 10% of investors don't beat the market over any meaningful time frame. If you stretch it out to 25-30 years which is how long most people are investing for retirement that percentage is zero or very close to it.
Nasdaq in the green for the moment, and AAPL continuing to climb back strongly—good for me, I got it to equal BRK’s almost 50% weighting, rather than just going with BRK.
Everything heading south except for AAPL, some oil, some bond funds like TLT, some miners, and DXY up slightly.
Am again tempted to sell the trbcx, but who knows what nav will be. EMD dropping slightly, am tempted to start buying in, along with a companion non-USD fund. Nothing like buying on the ex-d date!😂. But it’s monthly, so whatever.
We have beautiful weather here today. I am splitting my time between selling some of my recently added investments, watching CNBC, posting on DGTD, and gardening. We usually hit our highs in the Treasure Valley late afternoon in spring. We are expecting 70 degrees. Nice to get some sun while piddling.
In a similar situation I would buy 50% of my intended target, and add accordingly. In the case of EMD my initial purchase was about 50 cents higher than it is trading today, but added as low as $9.40. Like I said, I would still like to add about a 1/2% to my current position. I am reinvesting my dividends to begin with, once it recovers pay to cash. That way I am lowering my cost if it goes lower, or reach my allocation target if it moves higher.
Nice! 35 and crappy here, going swimming after market close. Am at home today, had to coordinate a condo hvac project earlier. Splitting time between condo management, dgtd, drafting French court submission, and watching my Canadian banks nosedive😂
When people say that only 10% of investors beat the market, what is the barometer? S&P? DOW?
People are generally referencing the S&P 500 or a total stock market index. Having said that 10% of investors don't beat the market over any meaningful time frame. If you stretch it out to 25-30 years which is how long most people are investing for retirement that percentage is zero or very close to it.
Just to briefly go back briefly to beating the market over decades. Say you have $100,000 invested in the market in Year 1. Historically the market has returned about 10% annually (11% with dividends reinvested and 12% with small cap stocks). Let's take that 12% figure and again we are just talking about matching the market performance. That $100,000 will double every 6 years (72/12%) so you have $200,000 in Year 7 and $400,000 in Year 13 and $800,000 in Year 19 and $1.6 million in Year 25 and $3.2 million in year 31 and $6.4 million in year 37. Again, this is using the historical market return and we are not even talking about "beating the market consistently for decades. If you have been consistently beating the market for decades - instead of $6.4 million after 37 years (this is only with $100,000 to start with) you might have $20 million. And if you started with $500,000 instead of $100,000 you might have over $100 million.
Nice! 35 and crappy here, going swimming after market close. Am at home today, had to coordinate a condo hvac project earlier. Splitting time between condo management, dgtd, drafting French court submission, and watching my Canadian banks nosedive😂
Sure wish I was gardening in 70 degrees instead!
I swam 2,000 yards yesterday and downhill skied with my son Sunday. Tired today, no exercise, perhaps a walk with my wife. Good thing we got the last skiing in, likely slushy and poor from here. Trying to get the yard in order, wife has me commited to painting the interior. 😂
Nice! 35 and crappy here, going swimming after market close. Am at home today, had to coordinate a condo hvac project earlier. Splitting time between condo management, dgtd, drafting French court submission, and watching my Canadian banks nosedive😂
Sure wish I was gardening in 70 degrees instead!
I swam 2,000 yards yesterday and downhill skied with my son Sunday. Tired today, no exercise, perhaps a walk with my wife. Good thing we got the last skiing in, likely slushy and poor from here. Trying to get the yard in order, wife has me commited to painting the interior. 😂
Igy, you have a schedule that most 20-year-olds could only dream about emulating. Hats off to you!