02-20-2020, 09:35 AM
Eric I get all that. It's the story I hear on CNBC everyday. I don't accept the logic for Utes at this time. For now I can get a 2% yield from my ultra short bond fund. The share price moves in a 3 penny monthly trading range. NEE is obviously in momo land, but what does stable and slow grower XEL yield now? I don't even want to look. I know the PE is 30ish.
My last post wasn't intended to tell you to cash out. Just don't drink too much of the talking heads Kool-aid. Have you ever lost enough money to buy a BMW in a year? Lose a BMW AND a Mercedes in only a year (on paper) and then you'll understand why I have learned to tread carefully when bubbles happen. I just lost my AEP shares to a covered call sell. I'll live with that. About to lose my beloved XEL. XEL is well over a 10 bagger for me so I'll live with that too. I will just park that money and get the same yield with next to zero risk.
Hear me now, believe me later lol. I'm enjoying the conversation as always. Dissenting opinions are welcomed. I'm not cashing out of Utes, but I am taking baby steps towards the Ute exit. I'm up big and I'm not giving it all back no matter what happens. I'll get another chance to reenter and get my 3.5% Ute yields back. I don't know when of course, but it will happen.
My last post wasn't intended to tell you to cash out. Just don't drink too much of the talking heads Kool-aid. Have you ever lost enough money to buy a BMW in a year? Lose a BMW AND a Mercedes in only a year (on paper) and then you'll understand why I have learned to tread carefully when bubbles happen. I just lost my AEP shares to a covered call sell. I'll live with that. About to lose my beloved XEL. XEL is well over a 10 bagger for me so I'll live with that too. I will just park that money and get the same yield with next to zero risk.
Hear me now, believe me later lol. I'm enjoying the conversation as always. Dissenting opinions are welcomed. I'm not cashing out of Utes, but I am taking baby steps towards the Ute exit. I'm up big and I'm not giving it all back no matter what happens. I'll get another chance to reenter and get my 3.5% Ute yields back. I don't know when of course, but it will happen.